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%19.5%
1 years$57,805$57,290$56,788$56,298$55,819$53,689
2 years$28,617$28,084$27,567$27,066$26,580$24,460
3 years$18,888$18,353$17,838$17,342$16,864$14,819
4 years$14,025$13,491$12,981$12,494$12,027$10,074
5 years$11,108$10,577$10,074$9,596$9,143$7,286
6 years$9,164$8,637$8,141$7,674$7,235$5,475
7 years$7,776$7,254$6,765$6,309$5,884$4,222
8 years$6,735$6,218$5,738$5,293$4,881$3,315
9 years$5,926$5,414$4,942$4,508$4,111$2,637
10 years$5,279$4,772$4,308$3,886$3,502$2,120
11 years$4,750$4,248$3,793$3,382$3,012$1,717
12 years$4,310$3,813$3,366$2,967$2,610$1,400
13 years$3,938$3,446$3,008$2,619$2,276$1,146
14 years$3,619$3,132$2,702$2,325$1,995$942
15 years$3,343$2,861$2,440$2,073$1,757$777
16 years$3,101$2,625$2,212$1,857$1,553$643
17 years$2,889$2,418$2,013$1,668$1,377$532
18 years$2,700$2,234$1,837$1,503$1,224$442
19 years$2,531$2,070$1,682$1,358$1,091$367
20 years$2,379$1,924$1,544$1,230$975$306
21 years$2,242$1,792$1,420$1,117$872$254
22 years$2,117$1,673$1,309$1,015$782$212
23 years$2,004$1,565$1,208$925$702$177
24 years$1,900$1,466$1,118$843$631$148
25 years$1,805$1,376$1,035$770$568$123
26 years$1,717$1,293$960$704$511$103
27 years$1,635$1,217$891$645$461$86
28 years$1,560$1,147$829$591$416$72
29 years$1,490$1,082$771$542$376$60
30 years$1,425$1,021$718$497$339$50
31 years$1,364$966$670$456$307$42
32 years$1,307$914$625$419$278$35
33 years$1,254$865$583$386$251$29
34 years$1,203$820$545$355$227$25
35 years$1,156$778$510$327$206$21
36 years$1,112$738$477$301$187$17
37 years$1,070$701$446$277$169$14
38 years$1,030$666$418$256$153$12
39 years$993$634$391$236$139$10
40 years$957$603$367$217$126$8
41 years$923$574$344$201$114$7
42 years$891$547$323$185$104$6
43 years$861$521$303$171$94$5
44 years$832$496$284$158$86$4
45 years$804$473$267$146$78$3
46 years$778$452$251$135$70$3
47 years$753$431$236$124$64$2
48 years$728$411$221$115$58$2
49 years$705$393$208$106$53$2
50 years$683$375$196$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $700,000, adding $5,853 every year, while hoping to spend $29,699 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: 29/45/26 Blend
40$700,000$700,000$700,000$700,000
41$777,437$740,337$729,487$793,586
42$825,136$745,014$722,326$811,384
43$876,706$748,925$713,929$827,514
44$932,508$752,001$704,224$844,254
45$992,943$754,168$693,134$861,675
46$1,058,450$755,349$680,581$879,860
47$1,129,512$755,461$666,481$898,902
48$1,206,660$754,417$650,746$918,905
49$1,290,478$752,122$633,284$939,989
50$1,381,608$748,478$614,001$962,285
51$1,480,759$743,379$592,796$985,944
52$1,588,706$736,715$569,566$1,011,133
53$1,706,308$728,367$544,199$1,038,041
54$1,834,504$718,210$516,583$1,066,879
55$1,974,332$706,112$486,597$1,097,884
56$2,126,933$691,930$454,117$1,131,320
57$2,293,563$675,517$419,013$1,167,484
58$2,475,604$656,715$381,147$1,206,706
59$2,674,578$635,357$340,378$1,249,355
60$2,892,161$611,265$296,557$1,295,845
61$3,130,198$584,254$249,528$1,346,634
62$3,390,721$554,125$199,130$1,402,235
63$3,675,965$520,668$145,192$1,463,218
64$3,988,396$483,663$87,538$1,530,220
65$4,330,725$442,876$25,984$1,603,946
66$4,705,941$398,058$0$1,685,184
67$5,117,333$348,949$0$1,785,822
68$5,568,526$295,273$0$1,904,226
69$6,063,511$236,737$0$2,034,317
70$6,606,685$173,033$0$2,177,354
71$7,202,891$103,835$0$2,334,730
72$7,857,463$28,800$0$2,507,988
73$8,576,277$0$0$2,698,833
74$9,365,807$0$0$2,935,119
75$10,233,184$0$0$3,210,488
76$11,186,263$0$0$3,513,188
77$12,233,699$0$0$3,845,984
78$13,385,027$0$0$4,211,919
79$14,650,749$0$0$4,614,351
80$16,042,440$0$0$5,056,973
81$17,572,848$0$0$5,543,860
82$19,256,021$0$0$6,079,499
83$21,107,437$0$0$6,668,832
84$23,144,147$0$0$7,317,308
85$25,384,939$0$0$8,030,929
86$27,850,515$0$0$8,816,308
87$30,563,684$0$0$9,680,731
88$33,549,577$0$0$10,632,229
89$36,835,885$0$0$11,679,646
90$40,453,121$0$0$12,832,733
91$44,434,905$0$0$14,102,230
92$48,818,280$0$0$15,499,974
93$53,644,067$0$0$17,039,005
94$58,957,243$0$0$18,733,697
95$64,807,370$0$0$20,599,882
96$71,249,059$0$0$22,655,013
97$78,342,488$0$0$24,918,316
98$86,153,966$0$0$27,410,979
99$94,756,562$0$0$30,156,350
100$104,230,791$0$0$33,180,157