Can I retire at age 41 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$56,980$56,472$55,977$55,494$55,022$53,196
2 years$28,208$27,682$27,173$26,680$26,201$24,380
3 years$18,618$18,091$17,583$17,094$16,623$14,863
4 years$13,825$13,299$12,796$12,315$11,856$10,170
5 years$10,949$10,426$9,930$9,459$9,012$7,406
6 years$9,033$8,514$8,025$7,565$7,131$5,606
7 years$7,664$7,150$6,669$6,219$5,800$4,354
8 years$6,639$6,129$5,656$5,217$4,811$3,445
9 years$5,841$5,336$4,871$4,444$4,052$2,763
10 years$5,204$4,704$4,247$3,831$3,452$2,239
11 years$4,682$4,187$3,739$3,334$2,969$1,829
12 years$4,248$3,758$3,318$2,924$2,573$1,504
13 years$3,881$3,396$2,965$2,582$2,244$1,243
14 years$3,567$3,087$2,664$2,292$1,967$1,031
15 years$3,295$2,820$2,405$2,044$1,732$858
16 years$3,057$2,588$2,180$1,830$1,531$716
17 years$2,847$2,383$1,984$1,644$1,357$599
18 years$2,661$2,202$1,811$1,482$1,207$502
19 years$2,495$2,041$1,658$1,339$1,075$421
20 years$2,345$1,896$1,522$1,213$961$354
21 years$2,210$1,766$1,400$1,101$860$298
22 years$2,087$1,649$1,290$1,001$771$251
23 years$1,975$1,542$1,191$911$692$211
24 years$1,873$1,445$1,102$831$622$178
25 years$1,779$1,356$1,020$759$559$150
26 years$1,692$1,274$946$694$504$127
27 years$1,612$1,199$879$635$454$107
28 years$1,538$1,130$817$582$410$91
29 years$1,469$1,066$760$534$370$76
30 years$1,405$1,007$708$490$334$65
31 years$1,345$952$660$450$302$55
32 years$1,288$901$616$413$274$46
33 years$1,236$853$575$380$248$39
34 years$1,186$808$537$350$224$33
35 years$1,140$767$502$322$203$28
36 years$1,096$728$470$297$184$24
37 years$1,055$691$440$273$167$20
38 years$1,015$657$412$252$151$17
39 years$978$625$386$232$137$14
40 years$943$594$362$214$124$12
41 years$910$566$339$198$113$10
42 years$878$539$318$182$102$9
43 years$848$513$299$168$93$7
44 years$820$489$280$155$84$6
45 years$793$467$263$144$77$5
46 years$767$445$247$133$69$4
47 years$742$425$232$123$63$4
48 years$718$406$218$113$57$3
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $690,000, adding $6,936 every year, while hoping to spend $35,658 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: 78/9/13 Blend
40$690,000$690,000$690,000$690,000
41$767,534$730,964$720,269$824,892
42$807,883$728,842$706,459$861,501
43$851,152$725,420$690,990$896,398
44$897,602$720,598$673,771$933,664
45$947,518$714,268$654,703$973,523
46$1,001,214$706,316$633,684$1,016,219
47$1,059,034$696,622$610,609$1,062,023
48$1,121,356$685,057$585,365$1,111,232
49$1,188,596$671,486$557,836$1,164,176
50$1,261,209$655,765$527,899$1,221,216
51$1,339,696$637,742$495,428$1,282,752
52$1,424,610$617,256$460,290$1,349,225
53$1,516,555$594,136$422,344$1,421,120
54$1,616,198$568,203$381,447$1,498,974
55$1,724,270$539,265$337,445$1,583,378
56$1,841,577$507,120$290,181$1,674,983
57$1,969,004$471,556$239,489$1,774,509
58$2,107,526$432,345$185,195$1,882,749
59$2,258,214$389,251$127,120$2,000,576
60$2,422,248$342,020$65,074$2,128,957
61$2,600,924$290,386$0$2,268,954
62$2,795,671$234,068$0$2,421,898
63$3,008,060$172,767$0$2,598,570
64$3,239,821$106,171$0$2,791,389
65$3,492,856$33,947$0$3,001,961
66$3,769,262$0$0$3,232,053
67$4,071,346$0$0$3,487,997
68$4,401,648$0$0$3,771,546
69$4,762,963$0$0$4,081,743
70$5,158,372$0$0$4,421,233
71$5,591,264$0$0$4,792,929
72$6,065,374$0$0$5,200,042
73$6,584,812$0$0$5,646,105
74$7,154,108$0$0$6,135,010
75$7,778,247$0$0$6,671,042
76$8,462,723$0$0$7,258,923
77$9,213,585$0$0$7,903,852
78$10,037,496$0$0$8,611,556
79$10,941,796$0$0$9,388,344
80$11,934,569$0$0$10,241,164
81$13,024,722$0$0$11,177,670
82$14,222,065$0$0$12,206,295
83$15,537,404$0$0$13,336,328
84$16,982,646$0$0$14,578,001
85$18,570,906$0$0$15,942,588
86$20,316,633$0$0$17,442,509
87$22,235,746$0$0$19,091,445
88$24,345,784$0$0$20,904,471
89$26,666,068$0$0$22,898,196
90$29,217,888$0$0$25,090,917
91$32,024,697$0$0$27,502,794
92$35,112,338$0$0$30,156,039
93$38,509,283$0$0$33,075,127
94$42,246,905$0$0$36,287,021
95$46,359,770$0$0$39,821,432
96$50,885,962$0$0$43,711,098
97$55,867,447$0$0$47,992,087
98$61,350,464$0$0$52,704,145
99$67,385,961$0$0$57,891,064
100$74,030,078$0$0$63,601,098