Can I retire at age 41 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$65,237$64,656$64,089$63,536$62,996$62,260
2 years$32,296$31,694$31,111$30,546$29,998$29,258
3 years$21,317$20,713$20,131$19,571$19,032$18,310
4 years$15,828$15,226$14,650$14,100$13,574$12,875
5 years$12,536$11,937$11,369$10,830$10,319$9,646
6 years$10,342$9,748$9,188$8,661$8,165$7,519
7 years$8,775$8,186$7,635$7,121$6,640$6,021
8 years$7,601$7,017$6,475$5,973$5,509$4,916
9 years$6,688$6,110$5,577$5,088$4,639$4,073
10 years$5,958$5,385$4,862$4,386$3,953$3,413
11 years$5,361$4,794$4,281$3,817$3,399$2,886
12 years$4,864$4,303$3,799$3,348$2,946$2,457
13 years$4,444$3,889$3,394$2,956$2,569$2,105
14 years$4,084$3,535$3,050$2,624$2,252$1,812
15 years$3,772$3,229$2,753$2,340$1,983$1,566
16 years$3,500$2,963$2,496$2,095$1,752$1,358
17 years$3,260$2,728$2,272$1,883$1,554$1,181
18 years$3,047$2,521$2,074$1,697$1,382$1,029
19 years$2,856$2,337$1,898$1,533$1,231$899
20 years$2,685$2,171$1,742$1,388$1,100$787
21 years$2,530$2,022$1,603$1,260$984$690
22 years$2,390$1,888$1,477$1,146$882$606
23 years$2,262$1,766$1,364$1,043$792$533
24 years$2,144$1,654$1,261$952$712$469
25 years$2,037$1,553$1,168$869$641$413
26 years$1,938$1,459$1,083$795$577$364
27 years$1,846$1,373$1,006$727$520$321
28 years$1,761$1,294$935$666$469$283
29 years$1,682$1,221$870$611$424$250
30 years$1,608$1,153$811$561$383$221
31 years$1,539$1,090$756$515$346$195
32 years$1,475$1,031$705$473$313$173
33 years$1,415$977$658$435$283$153
34 years$1,358$926$615$401$257$135
35 years$1,305$878$575$369$232$119
36 years$1,255$833$538$340$211$106
37 years$1,207$791$504$313$191$94
38 years$1,163$752$472$288$173$83
39 years$1,120$715$442$266$157$73
40 years$1,080$680$414$245$142$65
41 years$1,042$648$388$226$129$58
42 years$1,006$617$364$209$117$51
43 years$971$588$342$193$106$45
44 years$939$560$321$178$97$40
45 years$907$534$301$164$88$35
46 years$878$510$283$152$80$31
47 years$849$486$266$140$72$28
48 years$822$464$250$130$66$25
49 years$796$443$235$120$60$22
50 years$771$424$221$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $790,000, adding $3,157 every year, while hoping to spend $22,586 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: 87/7/6 Blend
40$790,000$790,000$790,000$790,000
41$873,836$831,966$819,721$949,397
42$938,936$848,701$823,151$1,015,823
43$1,009,920$865,500$825,938$1,085,355
44$1,087,362$882,340$828,038$1,161,043
45$1,171,899$899,200$829,402$1,243,490
46$1,264,227$916,055$829,982$1,333,360
47$1,365,116$932,880$829,724$1,431,387
48$1,475,411$949,645$828,574$1,538,374
49$1,596,045$966,319$826,473$1,655,211
50$1,728,043$982,870$823,361$1,782,873
51$1,872,535$999,262$819,175$1,922,439
52$2,030,764$1,015,456$813,848$2,075,092
53$2,204,100$1,031,412$807,310$2,242,140
54$2,394,051$1,047,084$799,488$2,425,020
55$2,602,280$1,062,427$790,306$2,625,318
56$2,830,615$1,077,388$779,684$2,844,778
57$3,081,071$1,091,914$767,537$3,085,324
58$3,355,869$1,105,946$753,777$3,349,074
59$3,657,452$1,119,422$738,314$3,638,362
60$3,988,515$1,132,276$721,050$3,955,759
61$4,352,023$1,144,437$701,885$4,304,098
62$4,751,244$1,155,830$680,713$4,686,500
63$5,189,778$1,166,373$657,424$5,106,403
64$5,671,591$1,175,980$631,903$5,567,596
65$6,201,051$1,184,561$604,030$6,074,253
66$6,782,972$1,192,017$573,678$6,630,974
67$7,422,654$1,198,246$540,715$7,242,827
68$8,125,941$1,203,136$505,005$7,915,395
69$8,899,267$1,206,570$466,403$8,654,832
70$9,749,723$1,208,423$424,759$9,467,917
71$10,685,123$1,208,563$379,916$10,362,121
72$11,714,072$1,206,849$331,710$11,345,676
73$12,846,055$1,203,132$279,969$12,427,653
74$14,091,520$1,197,253$224,516$13,618,046
75$15,461,980$1,189,044$165,162$14,927,870
76$16,970,120$1,178,326$101,714$16,369,262
77$18,629,918$1,164,909$33,967$17,955,595
78$20,456,774$1,148,594$0$19,701,607
79$22,467,658$1,129,168$0$21,625,993
80$24,681,267$1,106,405$0$23,746,673
81$27,118,203$1,080,066$0$26,081,207
82$29,801,171$1,049,900$0$28,651,341
83$32,755,183$1,015,638$0$31,481,040
84$36,007,805$976,997$0$34,596,708
85$39,589,409$933,679$0$38,027,444
86$43,533,465$885,365$0$41,805,313
87$47,876,851$831,720$0$45,965,647
88$52,660,207$772,391$0$50,547,383
89$57,928,312$707,002$0$55,593,426
90$63,730,511$635,157$0$61,151,056
91$70,121,181$556,438$0$67,272,374
92$77,160,239$470,400$0$74,014,794
93$84,913,712$376,579$0$81,441,584
94$93,454,357$274,478$0$89,622,464
95$102,862,352$163,577$0$98,634,263
96$113,226,044$43,325$0$108,561,645
97$124,642,793$0$0$119,497,909
98$137,219,882$0$0$131,552,559
99$151,075,535$0$0$144,836,350
100$166,340,031$0$0$159,470,850