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%13.4%
1 years$65,237$64,656$64,089$63,536$62,996$62,106
2 years$32,296$31,694$31,111$30,546$29,998$29,103
3 years$21,317$20,713$20,131$19,571$19,032$18,160
4 years$15,828$15,226$14,650$14,100$13,574$12,731
5 years$12,536$11,937$11,369$10,830$10,319$9,508
6 years$10,342$9,748$9,188$8,661$8,165$7,387
7 years$8,775$8,186$7,635$7,121$6,640$5,896
8 years$7,601$7,017$6,475$5,973$5,509$4,798
9 years$6,688$6,110$5,577$5,088$4,639$3,961
10 years$5,958$5,385$4,862$4,386$3,953$3,307
11 years$5,361$4,794$4,281$3,817$3,399$2,785
12 years$4,864$4,303$3,799$3,348$2,946$2,363
13 years$4,444$3,889$3,394$2,956$2,569$2,016
14 years$4,084$3,535$3,050$2,624$2,252$1,728
15 years$3,772$3,229$2,753$2,340$1,983$1,488
16 years$3,500$2,963$2,496$2,095$1,752$1,285
17 years$3,260$2,728$2,272$1,883$1,554$1,113
18 years$3,047$2,521$2,074$1,697$1,382$966
19 years$2,856$2,337$1,898$1,533$1,231$840
20 years$2,685$2,171$1,742$1,388$1,100$732
21 years$2,530$2,022$1,603$1,260$984$639
22 years$2,390$1,888$1,477$1,146$882$558
23 years$2,262$1,766$1,364$1,043$792$489
24 years$2,144$1,654$1,261$952$712$428
25 years$2,037$1,553$1,168$869$641$375
26 years$1,938$1,459$1,083$795$577$329
27 years$1,846$1,373$1,006$727$520$289
28 years$1,761$1,294$935$666$469$254
29 years$1,682$1,221$870$611$424$223
30 years$1,608$1,153$811$561$383$196
31 years$1,539$1,090$756$515$346$172
32 years$1,475$1,031$705$473$313$152
33 years$1,415$977$658$435$283$133
34 years$1,358$926$615$401$257$117
35 years$1,305$878$575$369$232$103
36 years$1,255$833$538$340$211$91
37 years$1,207$791$504$313$191$80
38 years$1,163$752$472$288$173$71
39 years$1,120$715$442$266$157$62
40 years$1,080$680$414$245$142$55
41 years$1,042$648$388$226$129$48
42 years$1,006$617$364$209$117$43
43 years$971$588$342$193$106$37
44 years$939$560$321$178$97$33
45 years$907$534$301$164$88$29
46 years$878$510$283$152$80$26
47 years$849$486$266$140$72$23
48 years$822$464$250$130$66$20
49 years$796$443$235$120$60$18
50 years$771$424$221$111$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $790,000, adding $6,802 every year, while hoping to spend $23,656 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: 49/27/24 Blend
40$790,000$790,000$790,000$790,000
41$877,596$835,726$823,481$914,344
42$941,941$851,507$825,898$956,451
43$1,012,057$867,268$827,603$999,255
44$1,088,506$882,984$828,547$1,045,280
45$1,171,909$898,626$828,680$1,094,839
46$1,262,950$914,165$827,946$1,148,281
47$1,362,379$929,567$826,290$1,205,986
48$1,471,024$944,798$823,654$1,268,378
49$1,589,796$959,820$819,973$1,335,922
50$1,719,698$974,594$815,185$1,409,133
51$1,861,833$989,075$809,220$1,488,578
52$2,017,418$1,003,218$802,006$1,574,882
53$2,187,791$1,016,972$793,471$1,668,736
54$2,374,428$1,030,286$783,534$1,770,901
55$2,578,951$1,043,101$772,113$1,882,218
56$2,803,149$1,055,358$759,124$2,003,615
57$3,048,991$1,066,991$744,475$2,136,113
58$3,318,646$1,077,932$728,074$2,280,842
59$3,614,504$1,088,107$709,820$2,439,047
60$3,939,196$1,097,437$689,612$2,612,100
61$4,295,622$1,105,839$667,341$2,801,517
62$4,686,973$1,113,223$642,895$3,008,968
63$5,116,768$1,119,495$616,156$3,236,298
64$5,588,881$1,124,553$587,000$3,485,539
65$6,107,582$1,128,290$555,299$3,758,934
66$6,677,571$1,130,593$520,918$4,058,957
67$7,304,031$1,131,340$483,716$4,388,335
68$7,992,668$1,130,401$443,547$4,750,078
69$8,749,770$1,127,641$400,256$5,147,505
70$9,582,265$1,122,914$353,683$5,584,276
71$10,497,785$1,116,065$303,660$6,064,425
72$11,504,739$1,106,933$250,013$6,592,406
73$12,612,392$1,095,342$192,558$7,173,126
74$13,830,953$1,081,110$131,104$7,811,998
75$15,171,667$1,064,041$65,453$8,514,991
76$16,646,927$1,043,930$0$9,288,686
77$18,270,389$1,020,557$0$10,141,522
78$20,057,096$993,692$0$11,098,284
79$22,023,625$963,089$0$12,151,074
80$24,188,243$928,488$0$13,309,683
81$26,571,076$889,615$0$14,584,900
82$29,194,299$846,181$0$15,988,616
83$32,082,351$797,876$0$17,533,940
84$35,262,155$744,377$0$19,235,319
85$38,763,383$685,340$0$21,108,675
86$42,618,728$620,401$0$23,171,560
87$46,864,215$549,177$0$25,443,316
88$51,539,540$471,262$0$27,945,264
89$56,688,446$386,227$0$30,700,902
90$62,359,135$293,619$0$33,736,129
91$68,604,720$192,960$0$37,079,490
92$75,483,731$83,745$0$40,762,445
93$83,060,664$0$0$44,819,668
94$91,406,587$0$0$49,299,645
95$100,599,818$0$0$54,261,976
96$110,726,655$0$0$59,728,378
97$121,882,198$0$0$65,750,202
98$134,171,242$0$0$72,384,031
99$147,709,265$0$0$79,692,222
100$162,623,522$0$0$87,743,486