Can I retire at age 41 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$60,283$59,746$59,222$58,711$58,211$56,012
2 years$29,843$29,287$28,748$28,226$27,720$25,530
3 years$19,698$19,139$18,602$18,085$17,586$15,475
4 years$14,626$14,070$13,538$13,029$12,543$10,525
5 years$11,584$11,031$10,506$10,008$9,535$7,616
6 years$9,556$9,007$8,490$8,003$7,545$5,727
7 years$8,109$7,564$7,055$6,580$6,136$4,418
8 years$7,024$6,484$5,984$5,520$5,090$3,471
9 years$6,180$5,646$5,154$4,702$4,287$2,763
10 years$5,505$4,976$4,493$4,053$3,652$2,223
11 years$4,954$4,430$3,956$3,527$3,141$1,802
12 years$4,495$3,976$3,510$3,094$2,722$1,469
13 years$4,106$3,593$3,136$2,731$2,374$1,204
14 years$3,774$3,266$2,818$2,425$2,081$991
15 years$3,486$2,984$2,544$2,162$1,832$818
16 years$3,234$2,738$2,307$1,936$1,619$676
17 years$3,012$2,521$2,099$1,740$1,436$561
18 years$2,815$2,330$1,916$1,568$1,277$466
19 years$2,639$2,159$1,754$1,417$1,138$387
20 years$2,481$2,006$1,610$1,283$1,016$323
21 years$2,338$1,869$1,481$1,164$910$269
22 years$2,208$1,745$1,365$1,059$815$224
23 years$2,090$1,632$1,260$964$732$187
24 years$1,982$1,529$1,165$879$658$156
25 years$1,882$1,435$1,079$803$592$131
26 years$1,790$1,348$1,001$734$533$109
27 years$1,706$1,269$930$672$481$91
28 years$1,627$1,196$864$616$434$76
29 years$1,554$1,128$804$565$392$64
30 years$1,486$1,065$749$518$354$53
31 years$1,422$1,007$698$476$320$45
32 years$1,363$953$652$437$289$37
33 years$1,307$902$608$402$262$31
34 years$1,255$855$568$370$237$26
35 years$1,206$811$531$341$215$22
36 years$1,159$770$497$314$195$18
37 years$1,116$731$465$289$176$15
38 years$1,074$695$436$266$160$13
39 years$1,035$661$408$246$145$11
40 years$998$629$383$227$132$9
41 years$963$598$359$209$119$8
42 years$929$570$337$193$108$6
43 years$898$543$316$178$98$5
44 years$867$518$296$164$89$4
45 years$839$494$278$152$81$4
46 years$811$471$261$140$74$3
47 years$785$449$246$130$67$3
48 years$760$429$231$120$61$2
49 years$736$410$217$111$55$2
50 years$713$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $730,000, adding $4,735 every year, while hoping to spend $46,319 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: 37/45/18 Blend
40$730,000$730,000$730,000$730,000
41$809,344$770,654$759,339$834,728
42$842,614$759,133$735,494$841,984
43$877,725$745,495$709,298$845,091
44$914,817$729,588$680,622$847,477
45$954,039$711,249$649,335$849,101
46$995,559$690,308$615,295$849,925
47$1,039,556$666,583$578,357$849,909
48$1,086,228$639,883$538,370$849,016
49$1,135,791$610,005$495,173$847,207
50$1,188,480$576,734$448,600$844,448
51$1,244,554$539,843$398,477$840,704
52$1,304,296$499,092$344,622$835,943
53$1,368,014$454,227$286,847$830,137
54$1,436,048$404,981$224,953$823,259
55$1,508,768$351,069$158,733$815,291
56$1,586,583$292,192$87,971$806,215
57$1,669,939$228,033$12,442$796,024
58$1,759,325$158,259$0$784,715
59$1,855,278$82,516$0$785,386
60$1,958,389$431$0$788,364
61$2,069,304$0$0$791,334
62$2,188,733$0$0$838,160
63$2,317,458$0$0$888,936
64$2,456,335$0$0$943,799
65$2,606,306$0$0$1,003,129
66$2,768,406$0$0$1,067,347
67$2,943,773$0$0$1,136,916
68$3,133,656$0$0$1,212,342
69$3,339,430$0$0$1,294,185
70$3,562,606$0$0$1,383,059
71$3,804,847$0$0$1,479,639
72$4,067,980$0$0$1,584,669
73$4,354,017$0$0$1,698,966
74$4,665,169$0$0$1,823,431
75$5,003,871$0$0$1,959,052
76$5,372,800$0$0$2,106,921
77$5,774,903$0$0$2,268,235
78$6,213,425$0$0$2,444,316
79$6,691,935$0$0$2,636,615
80$7,214,361$0$0$2,846,733
81$7,785,031$0$0$3,076,430
82$8,408,705$0$0$3,327,645
83$9,090,626$0$0$3,602,513
84$9,836,567$0$0$3,903,383
85$10,652,883$0$0$4,232,845
86$11,546,572$0$0$4,593,749
87$12,525,340$0$0$4,989,233
88$13,597,675$0$0$5,422,755
89$14,772,923$0$0$5,898,121
90$16,061,378$0$0$6,419,526
91$17,474,375$0$0$6,991,587
92$19,024,402$0$0$7,619,393
93$20,725,213$0$0$8,308,547
94$22,591,957$0$0$9,065,221
95$24,641,321$0$0$9,896,217
96$26,891,687$0$0$10,809,023
97$29,363,304$0$0$11,811,893
98$32,078,479$0$0$12,913,916
99$35,061,786$0$0$14,125,108
100$38,340,296$0$0$15,456,502