Can I retire at age 41 with 820,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$67,715$67,112$66,523$65,949$65,388$63,755
2 years$33,522$32,898$32,293$31,706$31,137$29,503
3 years$22,126$21,499$20,896$20,314$19,755$18,170
4 years$16,429$15,804$15,207$14,635$14,089$12,565
5 years$13,012$12,391$11,801$11,241$10,710$9,252
6 years$10,735$10,118$9,537$8,990$8,475$7,084
7 years$9,108$8,497$7,925$7,391$6,892$5,569
8 years$7,889$7,283$6,721$6,200$5,718$4,461
9 years$6,942$6,342$5,789$5,281$4,815$3,624
10 years$6,184$5,590$5,047$4,552$4,103$2,976
11 years$5,565$4,976$4,443$3,962$3,529$2,464
12 years$5,049$4,466$3,943$3,475$3,058$2,054
13 years$4,613$4,036$3,523$3,068$2,666$1,721
14 years$4,239$3,669$3,165$2,723$2,337$1,449
15 years$3,916$3,352$2,858$2,429$2,058$1,224
16 years$3,633$3,075$2,591$2,175$1,819$1,037
17 years$3,384$2,832$2,358$1,954$1,613$881
18 years$3,162$2,617$2,152$1,761$1,434$750
19 years$2,965$2,425$1,970$1,591$1,278$639
20 years$2,787$2,254$1,808$1,441$1,142$546
21 years$2,626$2,099$1,663$1,308$1,022$467
22 years$2,480$1,960$1,533$1,189$916$400
23 years$2,348$1,833$1,416$1,083$822$342
24 years$2,226$1,717$1,309$988$739$294
25 years$2,114$1,611$1,212$902$665$252
26 years$2,011$1,515$1,125$825$599$216
27 years$1,916$1,425$1,044$755$540$186
28 years$1,828$1,343$971$692$487$159
29 years$1,746$1,267$903$634$440$137
30 years$1,669$1,197$841$582$398$118
31 years$1,598$1,131$784$535$359$101
32 years$1,531$1,070$732$491$325$87
33 years$1,468$1,014$683$452$294$75
34 years$1,410$961$639$416$266$65
35 years$1,354$911$597$383$241$56
36 years$1,302$865$558$352$219$48
37 years$1,253$821$523$325$198$41
38 years$1,207$781$489$299$180$35
39 years$1,163$742$459$276$163$30
40 years$1,121$706$430$255$148$26
41 years$1,082$672$403$235$134$23
42 years$1,044$640$378$217$122$19
43 years$1,008$610$355$200$110$17
44 years$974$581$333$185$100$14
45 years$942$555$313$171$91$12
46 years$911$529$294$158$83$11
47 years$882$505$276$146$75$9
48 years$853$482$259$135$68$8
49 years$826$460$244$124$62$7
50 years$801$440$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $820,000, adding $3,307 every year, while hoping to spend $45,068 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: 62/24/14 Blend
40$820,000$820,000$820,000$820,000
41$907,051$863,591$850,881$959,994
42$951,618$857,955$831,434$990,304
43$999,221$850,532$809,824$1,017,953
44$1,050,121$841,188$785,933$1,047,045
45$1,104,606$829,778$759,634$1,077,721
46$1,162,990$816,152$730,796$1,110,141
47$1,225,619$800,148$699,282$1,144,479
48$1,292,873$781,596$664,949$1,180,932
49$1,365,168$760,316$627,646$1,219,716
50$1,442,959$736,115$587,217$1,261,074
51$1,526,750$708,794$543,497$1,305,273
52$1,617,090$678,137$496,316$1,352,611
53$1,714,585$643,917$445,495$1,403,419
54$1,819,900$605,897$390,846$1,458,065
55$1,933,766$563,822$332,176$1,516,956
56$2,056,986$517,424$269,279$1,580,543
57$2,190,442$466,422$201,943$1,649,328
58$2,335,106$410,515$129,947$1,723,867
59$2,492,044$349,388$53,058$1,804,777
60$2,662,430$282,706$0$1,892,740
61$2,847,557$210,117$0$1,992,845
62$3,048,843$131,248$0$2,110,339
63$3,267,852$45,706$0$2,238,256
64$3,506,303$0$0$2,377,666
65$3,766,087$0$0$2,542,144
66$4,049,287$0$0$2,734,661
67$4,358,194$0$0$2,944,711
68$4,695,329$0$0$3,174,016
69$5,063,468$0$0$3,424,472
70$5,465,669$0$0$3,698,166
71$5,905,294$0$0$3,997,396
72$6,386,048$0$0$4,324,690
73$6,912,009$0$0$4,682,834
74$7,487,667$0$0$5,074,895
75$8,117,967$0$0$5,504,251
76$8,808,355$0$0$5,974,620
77$9,564,826$0$0$6,490,098
78$10,393,985$0$0$7,055,196
79$11,303,105$0$0$7,674,882
80$12,300,197$0$0$8,354,627
81$13,394,083$0$0$9,100,460
82$14,594,483$0$0$9,919,017
83$15,912,101$0$0$10,817,612
84$17,358,729$0$0$11,804,299
85$18,947,356$0$0$12,887,953
86$20,692,291$0$0$14,078,347
87$22,609,297$0$0$15,386,249
88$24,715,739$0$0$16,823,523
89$27,030,748$0$0$18,403,237
90$29,575,398$0$0$20,139,788
91$32,372,910$0$0$22,049,040
92$35,448,864$0$0$24,148,467
93$38,831,443$0$0$26,457,325
94$42,551,699$0$0$28,996,826
95$46,643,844$0$0$31,790,343
96$51,145,572$0$0$34,863,628
97$56,098,414$0$0$38,245,054
98$61,548,130$0$0$41,965,883
99$67,545,138$0$0$46,060,562
100$74,144,993$0$0$50,567,044