Can I retire at age 41 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$68,541$67,930$67,334$66,753$66,185$65,796
2 years$33,931$33,299$32,687$32,093$31,517$31,124
3 years$22,396$21,761$21,150$20,562$19,996$19,611
4 years$16,630$15,997$15,392$14,814$14,261$13,888
5 years$13,171$12,542$11,945$11,378$10,841$10,481
6 years$10,865$10,241$9,653$9,099$8,578$8,232
7 years$9,220$8,601$8,022$7,481$6,976$6,643
8 years$7,986$7,372$6,803$6,276$5,788$5,468
9 years$7,026$6,419$5,860$5,346$4,874$4,567
10 years$6,260$5,658$5,109$4,608$4,153$3,860
11 years$5,633$5,037$4,497$4,010$3,572$3,291
12 years$5,110$4,521$3,991$3,518$3,095$2,828
13 years$4,669$4,086$3,566$3,105$2,699$2,444
14 years$4,291$3,714$3,204$2,757$2,366$2,123
15 years$3,963$3,393$2,893$2,458$2,083$1,852
16 years$3,677$3,113$2,623$2,201$1,841$1,622
17 years$3,425$2,867$2,387$1,978$1,632$1,424
18 years$3,201$2,649$2,179$1,782$1,451$1,254
19 years$3,001$2,455$1,995$1,611$1,294$1,107
20 years$2,821$2,281$1,830$1,459$1,156$979
21 years$2,658$2,125$1,684$1,324$1,034$867
22 years$2,511$1,983$1,552$1,204$927$769
23 years$2,376$1,855$1,433$1,096$832$683
24 years$2,253$1,738$1,325$1,000$748$608
25 years$2,140$1,631$1,227$913$673$541
26 years$2,036$1,533$1,138$835$606$482
27 years$1,939$1,443$1,057$764$547$430
28 years$1,850$1,359$983$700$493$384
29 years$1,767$1,283$914$642$445$343
30 years$1,690$1,211$852$589$402$306
31 years$1,617$1,145$794$541$364$274
32 years$1,550$1,083$741$497$329$245
33 years$1,486$1,026$692$457$298$219
34 years$1,427$972$646$421$270$196
35 years$1,371$922$604$387$244$175
36 years$1,318$875$565$357$221$157
37 years$1,268$831$529$329$201$141
38 years$1,221$790$495$303$182$126
39 years$1,177$751$464$279$165$113
40 years$1,135$715$435$258$150$101
41 years$1,095$680$408$238$136$91
42 years$1,057$648$383$219$123$81
43 years$1,021$617$359$203$112$73
44 years$986$589$337$187$101$65
45 years$953$561$317$173$92$59
46 years$922$535$297$160$84$53
47 years$892$511$279$147$76$47
48 years$864$488$262$136$69$42
49 years$836$466$247$126$63$38
50 years$810$445$232$116$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $830,000, adding $6,422 every year, while hoping to spend $32,276 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: 63/31/6 Blend
40$830,000$830,000$830,000$830,000
41$921,284$877,294$864,429$977,962
42$980,914$885,940$859,046$1,025,175
43$1,045,544$893,928$852,401$1,072,319
44$1,115,650$901,192$844,418$1,122,949
45$1,191,757$907,660$835,016$1,177,401
46$1,274,439$913,258$824,111$1,236,044
47$1,364,330$917,906$811,617$1,299,288
48$1,462,126$921,518$797,441$1,367,583
49$1,568,595$924,005$781,488$1,441,426
50$1,684,580$925,269$763,655$1,521,364
51$1,811,008$925,209$743,839$1,608,003
52$1,948,903$923,715$721,929$1,702,010
53$2,099,387$920,674$697,810$1,804,120
54$2,263,699$915,962$671,362$1,915,147
55$2,443,202$909,449$642,458$2,035,987
56$2,639,395$900,998$610,967$2,167,627
57$2,853,930$890,464$576,750$2,311,158
58$3,088,625$877,690$539,666$2,467,784
59$3,345,481$862,514$499,561$2,638,832
60$3,626,705$844,762$456,281$2,825,767
61$3,934,723$824,249$409,660$3,030,204
62$4,272,208$800,781$359,528$3,253,925
63$4,642,106$774,152$305,704$3,498,897
64$5,047,658$744,143$248,003$3,767,288
65$5,492,437$710,523$186,229$4,061,491
66$5,980,375$673,048$120,177$4,384,145
67$6,515,806$631,460$49,635$4,738,160
68$7,103,502$585,486$0$5,126,748
69$7,748,720$534,835$0$5,555,092
70$8,457,251$479,204$0$6,028,955
71$9,235,474$418,269$0$6,549,479
72$10,090,417$351,689$0$7,121,432
73$11,029,821$279,103$0$7,750,072
74$12,062,216$200,132$0$8,441,197
75$13,196,996$114,372$0$9,201,198
76$14,444,513$21,400$0$10,037,124
77$15,816,172$0$0$10,956,748
78$17,324,537$0$0$11,995,666
79$18,983,452$0$0$13,146,374
80$20,808,168$0$0$14,412,159
81$22,815,490$0$0$15,804,688
82$25,023,932$0$0$17,336,813
83$27,453,896$0$0$19,022,695
84$30,127,858$0$0$20,877,941
85$33,070,584$0$0$22,919,741
86$36,309,363$0$0$25,167,041
87$39,874,264$0$0$27,640,714
88$43,798,417$0$0$30,363,761
89$48,118,328$0$0$33,361,526
90$52,874,223$0$0$36,661,932
91$58,110,426$0$0$40,295,753
92$63,875,777$0$0$44,296,894
93$70,224,094$0$0$48,702,717
94$77,214,678$0$0$53,554,392
95$84,912,876$0$0$58,897,283
96$93,390,691$0$0$64,781,380
97$102,727,470$0$0$71,261,767
98$113,010,645$0$0$78,399,143
99$124,336,560$0$0$86,260,395
100$136,811,382$0$0$94,919,227