Can I retire at age 41 with 820,000?

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 $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%15.4%
1 years$67,715$67,112$66,523$65,949$65,388$63,937
2 years$33,522$32,898$32,293$31,706$31,137$29,683
3 years$22,126$21,499$20,896$20,314$19,755$18,343
4 years$16,429$15,804$15,207$14,635$14,089$12,730
5 years$13,012$12,391$11,801$11,241$10,710$9,408
6 years$10,735$10,118$9,537$8,990$8,475$7,231
7 years$9,108$8,497$7,925$7,391$6,892$5,706
8 years$7,889$7,283$6,721$6,200$5,718$4,590
9 years$6,942$6,342$5,789$5,281$4,815$3,744
10 years$6,184$5,590$5,047$4,552$4,103$3,088
11 years$5,565$4,976$4,443$3,962$3,529$2,568
12 years$5,049$4,466$3,943$3,475$3,058$2,151
13 years$4,613$4,036$3,523$3,068$2,666$1,811
14 years$4,239$3,669$3,165$2,723$2,337$1,532
15 years$3,916$3,352$2,858$2,429$2,058$1,300
16 years$3,633$3,075$2,591$2,175$1,819$1,107
17 years$3,384$2,832$2,358$1,954$1,613$945
18 years$3,162$2,617$2,152$1,761$1,434$809
19 years$2,965$2,425$1,970$1,591$1,278$693
20 years$2,787$2,254$1,808$1,441$1,142$595
21 years$2,626$2,099$1,663$1,308$1,022$512
22 years$2,480$1,960$1,533$1,189$916$440
23 years$2,348$1,833$1,416$1,083$822$379
24 years$2,226$1,717$1,309$988$739$327
25 years$2,114$1,611$1,212$902$665$282
26 years$2,011$1,515$1,125$825$599$244
27 years$1,916$1,425$1,044$755$540$210
28 years$1,828$1,343$971$692$487$182
29 years$1,746$1,267$903$634$440$157
30 years$1,669$1,197$841$582$398$136
31 years$1,598$1,131$784$535$359$118
32 years$1,531$1,070$732$491$325$102
33 years$1,468$1,014$683$452$294$88
34 years$1,410$961$639$416$266$76
35 years$1,354$911$597$383$241$66
36 years$1,302$865$558$352$219$57
37 years$1,253$821$523$325$198$49
38 years$1,207$781$489$299$180$43
39 years$1,163$742$459$276$163$37
40 years$1,121$706$430$255$148$32
41 years$1,082$672$403$235$134$28
42 years$1,044$640$378$217$122$24
43 years$1,008$610$355$200$110$21
44 years$974$581$333$185$100$18
45 years$942$555$313$171$91$16
46 years$911$529$294$158$83$14
47 years$882$505$276$146$75$12
48 years$853$482$259$135$68$10
49 years$826$460$244$124$62$9
50 years$801$440$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $820,000, adding $5,947 every year, while hoping to spend $57,185 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: 66/11/23 Blend
40$820,000$820,000$820,000$820,000
41$909,774$866,314$853,604$964,074
42$941,727$847,919$821,356$982,911
43$975,022$826,706$786,110$996,456
44$1,009,736$802,477$747,707$1,009,939
45$1,045,952$775,021$705,978$1,023,356
46$1,083,759$744,117$660,747$1,036,705
47$1,123,252$709,528$611,832$1,049,985
48$1,164,535$671,006$559,040$1,063,197
49$1,207,720$628,288$502,171$1,076,345
50$1,252,929$581,096$441,015$1,089,435
51$1,300,293$529,135$375,354$1,102,478
52$1,349,955$472,094$304,960$1,115,486
53$1,402,068$409,645$229,594$1,128,479
54$1,456,801$341,440$149,008$1,141,478
55$1,514,337$267,112$62,941$1,154,513
56$1,574,872$186,273$0$1,167,619
57$1,638,623$98,515$0$1,187,932
58$1,705,826$3,405$0$1,225,355
59$1,776,734$0$0$1,264,557
60$1,851,629$0$0$1,317,732
61$1,930,812$0$0$1,374,410
62$2,014,618$0$0$1,434,422
63$2,103,408$0$0$1,498,029
64$2,197,579$0$0$1,565,519
65$2,297,563$0$0$1,637,205
66$2,403,834$0$0$1,713,432
67$2,516,910$0$0$1,794,574
68$2,637,359$0$0$1,881,044
69$2,765,800$0$0$1,973,292
70$2,902,915$0$0$2,071,810
71$3,049,448$0$0$2,177,141
72$3,206,216$0$0$2,289,877
73$3,374,115$0$0$2,410,668
74$3,554,126$0$0$2,540,227
75$3,747,328$0$0$2,679,337
76$3,954,903$0$0$2,828,856
77$4,178,149$0$0$2,989,727
78$4,418,492$0$0$3,162,986
79$4,677,496$0$0$3,349,768
80$4,956,880$0$0$3,551,323
81$5,258,533$0$0$3,769,023
82$5,584,530$0$0$4,004,376
83$5,937,153$0$0$4,259,038
84$6,318,907$0$0$4,534,832
85$6,732,550$0$0$4,833,760
86$7,181,111$0$0$5,158,024
87$7,667,923$0$0$5,510,047
88$8,196,652$0$0$5,892,492
89$8,771,330$0$0$6,308,290
90$9,396,390$0$0$6,760,664
91$10,076,714$0$0$7,253,162
92$10,817,671$0$0$7,789,685
93$11,625,169$0$0$8,374,531
94$12,505,711$0$0$9,012,425
95$13,466,454$0$0$9,708,571
96$14,515,275$0$0$10,468,695
97$15,660,845$0$0$11,299,102
98$16,912,712$0$0$12,206,732
99$18,281,385$0$0$13,199,227
100$19,778,435$0$0$14,285,000