Can I retire at age 41 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$61,109$60,564$60,033$59,515$59,009$57,652
2 years$30,252$29,688$29,142$28,613$28,099$26,740
3 years$19,967$19,402$18,857$18,333$17,827$16,508
4 years$14,826$14,262$13,723$13,208$12,715$11,445
5 years$11,743$11,182$10,650$10,145$9,665$8,450
6 years$9,687$9,131$8,607$8,113$7,648$6,487
7 years$8,220$7,668$7,152$6,670$6,220$5,114
8 years$7,120$6,573$6,066$5,595$5,160$4,109
9 years$6,265$5,723$5,224$4,766$4,345$3,348
10 years$5,581$5,044$4,555$4,108$3,703$2,757
11 years$5,022$4,491$4,010$3,575$3,184$2,291
12 years$4,556$4,031$3,559$3,136$2,759$1,916
13 years$4,163$3,643$3,179$2,769$2,406$1,611
14 years$3,826$3,311$2,857$2,458$2,109$1,361
15 years$3,534$3,025$2,579$2,192$1,857$1,153
16 years$3,278$2,775$2,338$1,963$1,641$981
17 years$3,054$2,556$2,128$1,763$1,455$836
18 years$2,854$2,362$1,942$1,589$1,294$714
19 years$2,675$2,189$1,778$1,436$1,153$611
20 years$2,515$2,034$1,632$1,301$1,030$524
21 years$2,370$1,894$1,501$1,180$922$450
22 years$2,238$1,768$1,383$1,073$826$386
23 years$2,119$1,654$1,277$977$742$332
24 years$2,009$1,550$1,181$891$667$286
25 years$1,908$1,454$1,094$814$600$246
26 years$1,815$1,367$1,015$744$540$212
27 years$1,729$1,286$942$681$487$183
28 years$1,649$1,212$876$624$440$158
29 years$1,575$1,143$815$572$397$136
30 years$1,506$1,080$759$525$359$118
31 years$1,442$1,021$708$483$324$102
32 years$1,382$966$661$443$293$88
33 years$1,325$915$617$408$266$76
34 years$1,272$867$576$375$240$66
35 years$1,222$822$539$345$218$57
36 years$1,175$780$504$318$197$49
37 years$1,131$741$472$293$179$42
38 years$1,089$704$442$270$162$37
39 years$1,049$670$414$249$147$32
40 years$1,012$637$388$230$133$27
41 years$976$607$364$212$121$24
42 years$942$578$341$196$110$20
43 years$910$551$320$181$100$18
44 years$879$525$301$167$90$15
45 years$850$500$282$154$82$13
46 years$822$477$265$142$75$11
47 years$796$456$249$131$68$10
48 years$770$435$234$121$61$9
49 years$746$415$220$112$56$7
50 years$722$397$207$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $740,000, adding $5,895 every year, while hoping to spend $21,911 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$740,000$740,000$740,000$740,000
41$821,561$782,341$770,871$847,292
42$882,047$797,362$773,382$881,447
43$947,968$812,386$775,243$915,812
44$1,019,856$827,387$776,408$952,472
45$1,098,295$842,343$776,831$991,645
46$1,183,928$857,226$776,463$1,033,571
47$1,277,465$872,006$775,251$1,078,516
48$1,379,686$886,653$773,141$1,126,773
49$1,491,448$901,133$770,075$1,178,666
50$1,613,697$915,410$765,994$1,234,553
51$1,747,475$929,446$760,836$1,294,827
52$1,893,927$943,199$754,533$1,359,925
53$2,054,316$956,624$747,019$1,430,328
54$2,230,032$969,674$738,219$1,506,565
55$2,422,605$982,298$728,060$1,589,224
56$2,633,722$994,442$716,461$1,678,952
57$2,865,239$1,006,047$703,340$1,776,463
58$3,119,202$1,017,051$688,609$1,882,545
59$3,397,862$1,027,388$672,180$1,998,068
60$3,703,701$1,036,988$653,955$2,123,994
61$4,039,453$1,045,775$633,837$2,261,383
62$4,408,128$1,053,668$611,721$2,411,406
63$4,813,042$1,060,582$587,498$2,575,353
64$5,257,848$1,066,427$561,056$2,754,651
65$5,746,572$1,071,106$532,275$2,950,873
66$6,283,647$1,074,515$501,031$3,165,756
67$6,873,958$1,076,545$467,194$3,401,215
68$7,522,886$1,077,080$430,629$3,659,364
69$8,236,360$1,075,996$391,195$3,942,537
70$9,020,912$1,073,163$348,743$4,253,307
71$9,883,738$1,068,441$303,119$4,594,514
72$10,832,767$1,061,682$254,161$4,969,292
73$11,876,735$1,052,730$201,701$5,381,097
74$13,025,267$1,041,419$145,563$5,833,743
75$14,288,968$1,027,573$85,563$6,331,437
76$15,679,523$1,011,004$21,510$6,878,819
77$17,209,807$991,515$0$7,481,009
78$18,894,005$968,897$0$8,152,650
79$20,747,748$942,928$0$8,895,967
80$22,788,260$913,373$0$9,713,736
81$25,034,517$879,984$0$10,613,577
82$27,507,432$842,497$0$11,603,891
83$30,230,044$800,633$0$12,693,942
84$33,227,744$754,100$0$13,893,943
85$36,528,508$702,584$0$15,215,154
86$40,163,163$645,758$0$16,669,988
87$44,165,678$583,273$0$18,272,132
88$48,573,484$514,761$0$20,036,674
89$53,427,829$439,833$0$21,980,247
90$58,774,162$358,079$0$24,121,190
91$64,662,567$269,065$0$26,479,718
92$71,148,232$172,333$0$29,078,117
93$78,291,973$67,399$0$31,940,956
94$86,160,804$0$0$35,095,316
95$94,828,572$0$0$38,593,955
96$104,376,653$0$0$42,484,839
97$114,894,718$0$0$46,771,153
98$126,481,582$0$0$51,493,187
99$139,246,136$0$0$56,695,336
100$153,308,373$0$0$62,426,525