Can I retire at age 41 with 675,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$55,741$55,244$54,760$54,287$53,825$51,690
2 years$27,594$27,081$26,582$26,100$25,631$23,506
3 years$18,214$17,697$17,201$16,722$16,261$14,214
4 years$13,524$13,009$12,518$12,047$11,598$9,643
5 years$10,711$10,200$9,714$9,254$8,816$6,960
6 years$8,836$8,329$7,851$7,400$6,976$5,219
7 years$7,498$6,994$6,524$6,084$5,673$4,014
8 years$6,494$5,996$5,533$5,104$4,707$3,144
9 years$5,714$5,220$4,765$4,347$3,964$2,496
10 years$5,091$4,601$4,155$3,747$3,377$2,001
11 years$4,581$4,096$3,658$3,261$2,905$1,617
12 years$4,156$3,677$3,246$2,861$2,517$1,314
13 years$3,797$3,323$2,900$2,526$2,195$1,073
14 years$3,489$3,020$2,606$2,242$1,924$880
15 years$3,223$2,759$2,353$1,999$1,694$724
16 years$2,991$2,531$2,133$1,790$1,497$597
17 years$2,785$2,331$1,941$1,608$1,328$493
18 years$2,603$2,154$1,772$1,450$1,180$408
19 years$2,440$1,996$1,622$1,310$1,052$338
20 years$2,294$1,855$1,489$1,186$940$280
21 years$2,162$1,728$1,369$1,077$841$233
22 years$2,042$1,613$1,262$979$754$193
23 years$1,932$1,509$1,165$892$677$161
24 years$1,832$1,414$1,078$813$608$134
25 years$1,740$1,327$998$743$547$111
26 years$1,655$1,247$926$679$493$93
27 years$1,577$1,173$860$621$444$77
28 years$1,504$1,106$799$569$401$64
29 years$1,437$1,043$744$522$362$54
30 years$1,374$985$693$479$327$45
31 years$1,315$931$646$440$296$37
32 years$1,260$881$602$404$268$31
33 years$1,209$834$563$372$242$26
34 years$1,160$791$526$342$219$22
35 years$1,115$750$491$315$199$18
36 years$1,072$712$460$290$180$15
37 years$1,032$676$430$267$163$12
38 years$993$643$403$246$148$10
39 years$957$611$378$227$134$9
40 years$923$581$354$210$122$7
41 years$890$553$332$193$110$6
42 years$859$527$311$178$100$5
43 years$830$502$292$165$91$4
44 years$802$479$274$152$82$4
45 years$775$456$257$140$75$3
46 years$750$435$242$130$68$2
47 years$726$416$227$120$62$2
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$1
50 years$659$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $675,000, adding $4,205 every year, while hoping to spend $29,603 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 32/46/22 Blend
40$675,000$675,000$675,000$675,000
41$748,187$712,412$701,950$766,939
42$793,005$715,823$693,968$784,816
43$841,402$718,409$684,726$801,092
44$893,712$720,098$674,152$818,013
45$950,302$720,814$662,167$835,656
46$1,011,576$720,477$648,692$854,104
47$1,077,976$718,999$633,643$873,455
48$1,149,990$716,291$616,930$893,816
49$1,228,154$712,255$598,463$915,308
50$1,313,059$706,788$578,145$938,068
51$1,405,352$699,782$555,874$962,250
52$1,505,748$691,121$531,545$988,025
53$1,615,031$680,683$505,049$1,015,585
54$1,734,065$668,338$476,269$1,045,148
55$1,863,802$653,948$445,086$1,076,955
56$2,005,286$637,368$411,373$1,111,275
57$2,159,671$618,444$374,999$1,148,411
58$2,328,222$597,013$335,827$1,188,700
59$2,512,337$572,903$293,713$1,232,518
60$2,713,550$545,929$248,507$1,280,285
61$2,933,552$515,901$200,052$1,332,468
62$3,174,207$482,612$148,186$1,389,589
63$3,437,563$445,847$92,738$1,452,226
64$3,725,879$405,378$33,529$1,521,027
65$4,041,640$360,963$0$1,596,708
66$4,387,584$312,347$0$1,687,029
67$4,766,726$259,260$0$1,794,769
68$5,182,385$201,417$0$1,913,081
69$5,638,220$138,518$0$2,043,109
70$6,138,258$70,245$0$2,186,120
71$6,686,935$0$0$2,343,516
72$7,289,139$0$0$2,518,741
73$7,950,251$0$0$2,750,247
74$8,676,202$0$0$3,004,567
75$9,473,523$0$0$3,284,001
76$10,349,410$0$0$3,591,087
77$11,311,789$0$0$3,928,616
78$12,369,394$0$0$4,299,668
79$13,531,844$0$0$4,707,633
80$14,809,738$0$0$5,156,246
81$16,214,753$0$0$5,649,623
82$17,759,754$0$0$6,192,299
83$19,458,914$0$0$6,789,271
84$21,327,850$0$0$7,446,042
85$23,383,768$0$0$8,168,678
86$25,645,625$0$0$8,963,861
87$28,134,307$0$0$9,838,956
88$30,872,829$0$0$10,802,075
89$33,886,548$0$0$11,862,158
90$37,203,404$0$0$13,029,055
91$40,854,183$0$0$14,313,620
92$44,872,807$0$0$15,727,811
93$49,296,652$0$0$17,284,808
94$54,166,904$0$0$18,999,130
95$59,528,945$0$0$20,886,778
96$65,432,780$0$0$22,965,383
97$71,933,510$0$0$25,254,372
98$79,091,853$0$0$27,775,154
99$86,974,711$0$0$30,551,318
100$95,655,810$0$0$33,608,858