Can I retire at age 41 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$56,154$55,654$55,166$54,689$54,224$52,238
2 years$27,799$27,281$26,779$26,293$25,821$23,842
3 years$18,349$17,829$17,328$16,846$16,382$14,472
4 years$13,624$13,106$12,610$12,137$11,684$9,858
5 years$10,790$10,275$9,786$9,322$8,882$7,145
6 years$8,902$8,390$7,909$7,455$7,028$5,381
7 years$7,553$7,046$6,572$6,129$5,716$4,159
8 years$6,542$6,040$5,574$5,142$4,742$3,273
9 years$5,757$5,259$4,801$4,379$3,993$2,611
10 years$5,128$4,635$4,185$3,775$3,402$2,104
11 years$4,615$4,127$3,685$3,286$2,926$1,709
12 years$4,187$3,704$3,270$2,882$2,536$1,396
13 years$3,825$3,347$2,922$2,544$2,211$1,147
14 years$3,515$3,043$2,625$2,258$1,938$945
15 years$3,247$2,779$2,370$2,014$1,707$782
16 years$3,013$2,550$2,149$1,803$1,508$648
17 years$2,806$2,348$1,955$1,620$1,337$539
18 years$2,622$2,170$1,785$1,460$1,189$448
19 years$2,459$2,011$1,634$1,320$1,060$374
20 years$2,311$1,869$1,500$1,195$947$312
21 years$2,178$1,741$1,379$1,085$847$261
22 years$2,057$1,625$1,271$986$759$218
23 years$1,947$1,520$1,174$898$682$182
24 years$1,846$1,424$1,086$819$613$153
25 years$1,753$1,336$1,005$748$551$128
26 years$1,668$1,256$933$684$497$107
27 years$1,589$1,182$866$626$448$90
28 years$1,516$1,114$805$574$404$75
29 years$1,448$1,051$749$526$365$63
30 years$1,384$992$698$483$330$53
31 years$1,325$938$651$443$298$44
32 years$1,270$888$607$407$270$37
33 years$1,218$841$567$375$244$31
34 years$1,169$797$530$345$221$26
35 years$1,123$756$495$317$200$22
36 years$1,080$717$463$292$181$18
37 years$1,039$681$433$269$164$16
38 years$1,001$647$406$248$149$13
39 years$964$616$380$229$135$11
40 years$930$586$356$211$123$9
41 years$897$558$334$195$111$8
42 years$866$531$314$180$101$6
43 years$836$506$294$166$92$5
44 years$808$482$276$153$83$5
45 years$781$460$259$141$75$4
46 years$755$439$244$131$68$3
47 years$731$419$229$121$62$3
48 years$708$400$215$112$56$2
49 years$685$382$202$103$51$2
50 years$664$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $680,000, adding $4,875 every year, while hoping to spend $44,107 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: 69/18/13 Blend
40$680,000$680,000$680,000$680,000
41$754,389$718,349$707,809$803,938
42$784,407$706,618$684,591$825,770
43$816,008$692,835$659,117$843,898
44$849,309$676,851$631,264$862,586
45$884,433$658,511$600,906$881,883
46$921,517$637,650$567,909$901,845
47$960,710$614,094$532,132$922,531
48$1,002,175$587,656$493,431$944,013
49$1,046,088$558,143$451,653$966,367
50$1,092,644$525,347$406,638$989,680
51$1,142,054$489,050$358,221$1,014,050
52$1,194,550$449,019$306,227$1,039,586
53$1,250,384$405,012$250,476$1,066,410
54$1,309,835$356,768$190,778$1,094,658
55$1,373,204$304,016$126,935$1,124,484
56$1,440,825$246,467$58,742$1,156,058
57$1,513,061$183,815$0$1,189,569
58$1,590,311$115,740$0$1,227,179
59$1,673,012$41,901$0$1,275,998
60$1,761,645$0$0$1,328,166
61$1,856,734$0$0$1,391,552
62$1,958,858$0$0$1,468,566
63$2,068,649$0$0$1,551,391
64$2,186,804$0$0$1,640,554
65$2,314,086$0$0$1,736,636
66$2,451,335$0$0$1,840,274
67$2,599,470$0$0$1,952,168
68$2,759,505$0$0$2,073,086
69$2,932,554$0$0$2,203,875
70$3,119,837$0$0$2,345,464
71$3,322,701$0$0$2,498,873
72$3,542,623$0$0$2,665,227
73$3,781,229$0$0$2,845,760
74$4,040,306$0$0$3,041,830
75$4,321,821$0$0$3,254,933
76$4,627,937$0$0$3,486,712
77$4,961,033$0$0$3,738,975
78$5,323,728$0$0$4,013,712
79$5,718,903$0$0$4,313,113
80$6,149,729$0$0$4,639,588
81$6,619,695$0$0$4,995,790
82$7,132,643$0$0$5,384,638
83$7,692,799$0$0$5,809,345
84$8,304,820$0$0$6,273,450
85$8,973,829$0$0$6,780,847
86$9,705,466$0$0$7,335,826
87$10,505,945$0$0$7,943,107
88$11,382,103$0$0$8,607,890
89$12,341,473$0$0$9,335,901
90$13,392,349$0$0$10,133,444
91$14,543,863$0$0$11,007,463
92$15,806,074$0$0$11,965,604
93$17,190,062$0$0$13,016,290
94$18,708,027$0$0$14,168,798
95$20,373,408$0$0$15,433,343
96$22,201,009$0$0$16,821,182
97$24,207,135$0$0$18,344,709
98$26,409,747$0$0$20,017,581
99$28,828,630$0$0$21,854,840
100$31,485,580$0$0$23,873,056