Can I retire at age 41 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$57,805$57,290$56,788$56,298$55,819$54,250
2 years$28,617$28,084$27,567$27,066$26,580$25,011
3 years$18,888$18,353$17,838$17,342$16,864$15,344
4 years$14,025$13,491$12,981$12,494$12,027$10,569
5 years$11,108$10,577$10,074$9,596$9,143$7,749
6 years$9,164$8,637$8,141$7,674$7,235$5,907
7 years$7,776$7,254$6,765$6,309$5,884$4,623
8 years$6,735$6,218$5,738$5,293$4,881$3,686
9 years$5,926$5,414$4,942$4,508$4,111$2,980
10 years$5,279$4,772$4,308$3,886$3,502$2,435
11 years$4,750$4,248$3,793$3,382$3,012$2,006
12 years$4,310$3,813$3,366$2,967$2,610$1,663
13 years$3,938$3,446$3,008$2,619$2,276$1,386
14 years$3,619$3,132$2,702$2,325$1,995$1,160
15 years$3,343$2,861$2,440$2,073$1,757$975
16 years$3,101$2,625$2,212$1,857$1,553$821
17 years$2,889$2,418$2,013$1,668$1,377$694
18 years$2,700$2,234$1,837$1,503$1,224$587
19 years$2,531$2,070$1,682$1,358$1,091$497
20 years$2,379$1,924$1,544$1,230$975$422
21 years$2,242$1,792$1,420$1,117$872$359
22 years$2,117$1,673$1,309$1,015$782$305
23 years$2,004$1,565$1,208$925$702$260
24 years$1,900$1,466$1,118$843$631$221
25 years$1,805$1,376$1,035$770$568$189
26 years$1,717$1,293$960$704$511$161
27 years$1,635$1,217$891$645$461$137
28 years$1,560$1,147$829$591$416$117
29 years$1,490$1,082$771$542$376$100
30 years$1,425$1,021$718$497$339$85
31 years$1,364$966$670$456$307$73
32 years$1,307$914$625$419$278$62
33 years$1,254$865$583$386$251$53
34 years$1,203$820$545$355$227$46
35 years$1,156$778$510$327$206$39
36 years$1,112$738$477$301$187$33
37 years$1,070$701$446$277$169$28
38 years$1,030$666$418$256$153$24
39 years$993$634$391$236$139$21
40 years$957$603$367$217$126$18
41 years$923$574$344$201$114$15
42 years$891$547$323$185$104$13
43 years$861$521$303$171$94$11
44 years$832$496$284$158$86$10
45 years$804$473$267$146$78$8
46 years$778$452$251$135$70$7
47 years$753$431$236$124$64$6
48 years$728$411$221$115$58$5
49 years$705$393$208$106$53$4
50 years$683$375$196$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $700,000, adding $6,944 every year, while hoping to spend $23,412 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: 49/32/19 Blend
40$700,000$700,000$700,000$700,000
41$778,563$741,463$730,613$812,253
42$833,066$752,884$730,178$847,743
43$892,344$764,081$728,944$883,324
44$956,859$775,016$726,860$921,481
45$1,027,119$785,653$723,870$962,464
46$1,103,685$795,950$719,920$1,006,550
47$1,187,172$805,863$714,948$1,054,047
48$1,278,259$815,345$708,894$1,105,292
49$1,377,691$824,347$701,692$1,160,659
50$1,486,291$832,815$693,274$1,220,561
51$1,604,962$840,692$683,568$1,285,451
52$1,734,700$847,918$672,499$1,355,834
53$1,876,601$854,428$659,990$1,432,264
54$2,031,873$860,154$645,958$1,515,354
55$2,201,844$865,021$630,318$1,605,779
56$2,387,978$868,953$612,979$1,704,287
57$2,591,886$871,866$593,848$1,811,702
58$2,815,343$873,672$572,827$1,928,933
59$3,060,304$874,278$549,812$2,056,984
60$3,328,921$873,584$524,698$2,196,963
61$3,623,566$871,485$497,370$2,350,094
62$3,946,851$867,868$467,713$2,517,725
63$4,301,651$862,615$435,603$2,701,347
64$4,691,136$855,600$400,912$2,902,602
65$5,118,796$846,689$363,507$3,123,306
66$5,588,477$835,739$323,247$3,365,458
67$6,104,412$822,602$279,987$3,631,267
68$6,671,270$807,117$233,574$3,923,169
69$7,294,189$789,115$183,849$4,243,853
70$7,978,834$768,419$130,645$4,596,283
71$8,731,442$744,839$73,789$4,983,731
72$9,558,887$718,174$13,099$5,409,806
73$10,468,742$688,213$0$5,878,488
74$11,469,350$654,732$0$6,404,644
75$12,569,904$617,493$0$6,986,157
76$13,780,530$576,247$0$7,625,754
77$15,112,387$530,726$0$8,329,370
78$16,577,771$480,652$0$9,103,550
79$18,190,227$425,728$0$9,955,509
80$19,964,682$365,640$0$10,893,202
81$21,917,581$300,058$0$11,925,397
82$24,067,046$228,633$0$13,061,762
83$26,433,044$150,994$0$14,312,954
84$29,037,574$66,753$0$15,690,722
85$31,904,880$0$0$17,208,019
86$35,061,674$0$0$18,887,749
87$38,537,389$0$0$20,763,152
88$42,364,459$0$0$22,828,236
89$46,578,622$0$0$25,102,297
90$51,219,259$0$0$27,606,597
91$56,329,764$0$0$30,364,568
92$61,957,954$0$0$33,402,028
93$68,156,519$0$0$36,747,428
94$74,983,523$0$0$40,432,118
95$82,502,944$0$0$44,490,644
96$90,785,286$0$0$48,961,075
97$99,908,238$0$0$53,885,360
98$109,957,412$0$0$59,309,726
99$121,027,145$0$0$65,285,111
100$133,221,395$0$0$71,867,647