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%18.2%
1 years$68,541$67,930$67,334$66,753$66,185$63,990
2 years$33,931$33,299$32,687$32,093$31,517$29,326
3 years$22,396$21,761$21,150$20,562$19,996$17,879
4 years$16,630$15,997$15,392$14,814$14,261$12,234
5 years$13,171$12,542$11,945$11,378$10,841$8,909
6 years$10,865$10,241$9,653$9,099$8,578$6,743
7 years$9,220$8,601$8,022$7,481$6,976$5,238
8 years$7,986$7,372$6,803$6,276$5,788$4,144
9 years$7,026$6,419$5,860$5,346$4,874$3,324
10 years$6,260$5,658$5,109$4,608$4,153$2,694
11 years$5,633$5,037$4,497$4,010$3,572$2,201
12 years$5,110$4,521$3,991$3,518$3,095$1,809
13 years$4,669$4,086$3,566$3,105$2,699$1,495
14 years$4,291$3,714$3,204$2,757$2,366$1,240
15 years$3,963$3,393$2,893$2,458$2,083$1,032
16 years$3,677$3,113$2,623$2,201$1,841$862
17 years$3,425$2,867$2,387$1,978$1,632$721
18 years$3,201$2,649$2,179$1,782$1,451$604
19 years$3,001$2,455$1,995$1,611$1,294$507
20 years$2,821$2,281$1,830$1,459$1,156$426
21 years$2,658$2,125$1,684$1,324$1,034$358
22 years$2,511$1,983$1,552$1,204$927$302
23 years$2,376$1,855$1,433$1,096$832$254
24 years$2,253$1,738$1,325$1,000$748$214
25 years$2,140$1,631$1,227$913$673$181
26 years$2,036$1,533$1,138$835$606$153
27 years$1,939$1,443$1,057$764$547$129
28 years$1,850$1,359$983$700$493$109
29 years$1,767$1,283$914$642$445$92
30 years$1,690$1,211$852$589$402$78
31 years$1,617$1,145$794$541$364$66
32 years$1,550$1,083$741$497$329$56
33 years$1,486$1,026$692$457$298$47
34 years$1,427$972$646$421$270$40
35 years$1,371$922$604$387$244$34
36 years$1,318$875$565$357$221$28
37 years$1,268$831$529$329$201$24
38 years$1,221$790$495$303$182$20
39 years$1,177$751$464$279$165$17
40 years$1,135$715$435$258$150$15
41 years$1,095$680$408$238$136$12
42 years$1,057$648$383$219$123$10
43 years$1,021$617$359$203$112$9
44 years$986$589$337$187$101$7
45 years$953$561$317$173$92$6
46 years$922$535$297$160$84$5
47 years$892$511$279$147$76$5
48 years$864$488$262$136$69$4
49 years$836$466$247$126$63$3
50 years$810$445$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $830,000, adding $3,390 every year, while hoping to spend $23,576 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: 36/36/28 Blend
40$830,000$830,000$830,000$830,000
41$918,157$874,167$861,302$943,392
42$986,724$891,916$865,071$980,210
43$1,061,495$909,745$868,176$1,017,555
44$1,143,078$927,633$870,570$1,057,420
45$1,232,141$945,556$872,203$1,100,048
46$1,329,422$963,491$873,024$1,145,707
47$1,435,730$981,409$872,978$1,194,692
48$1,551,959$999,283$872,008$1,247,330
49$1,679,092$1,017,081$870,053$1,303,983
50$1,818,211$1,034,770$867,051$1,365,048
51$1,970,508$1,052,312$862,936$1,430,965
52$2,137,293$1,069,670$857,639$1,502,221
53$2,320,014$1,086,800$851,086$1,579,351
54$2,520,261$1,103,658$843,203$1,662,949
55$2,739,786$1,120,196$833,909$1,753,668
56$2,980,520$1,136,362$823,121$1,852,231
57$3,244,590$1,152,100$810,752$1,959,434
58$3,534,336$1,167,351$796,710$2,076,159
59$3,852,339$1,182,052$780,900$2,203,376
60$4,201,439$1,196,134$763,222$2,342,158
61$4,584,766$1,209,525$743,571$2,493,690
62$5,005,769$1,222,148$721,837$2,659,279
63$5,468,244$1,233,921$697,905$2,840,366
64$5,976,377$1,244,754$671,656$3,038,544
65$6,534,775$1,254,555$642,965$3,255,570
66$7,148,518$1,263,224$611,700$3,493,383
67$7,823,199$1,270,654$577,724$3,754,123
68$8,564,982$1,276,733$540,894$4,040,150
69$9,380,657$1,281,340$501,061$4,354,070
70$10,277,705$1,284,347$458,068$4,698,758
71$11,264,369$1,285,618$411,751$5,077,384
72$12,349,730$1,285,009$361,941$5,493,448
73$13,543,795$1,282,366$308,458$5,950,811
74$14,857,588$1,277,528$251,117$6,453,730
75$16,303,256$1,270,321$189,724$7,006,903
76$17,894,183$1,260,562$124,074$7,615,513
77$19,645,116$1,248,056$53,958$8,285,275
78$21,572,305$1,232,598$0$9,022,494
79$23,693,654$1,213,969$0$9,840,359
80$26,028,892$1,191,938$0$10,757,912
81$28,599,756$1,166,260$0$11,767,549
82$31,430,199$1,136,675$0$12,878,673
83$34,546,616$1,102,909$0$14,101,649
84$37,978,089$1,064,669$0$15,447,907
85$41,756,665$1,021,650$0$16,930,041
86$45,917,658$973,523$0$18,561,939
87$50,499,978$919,946$0$20,358,907
88$55,546,506$860,553$0$22,337,816
89$61,104,488$794,959$0$24,517,265
90$67,225,990$722,756$0$26,917,755
91$73,968,384$643,514$0$29,561,883
92$81,394,891$556,777$0$32,474,556
93$89,575,175$462,065$0$35,683,231
94$98,586,006$358,869$0$39,218,170
95$108,511,978$246,653$0$43,112,729
96$119,446,310$124,849$0$47,403,677
97$131,491,726$0$0$52,131,538
98$144,761,425$0$0$57,343,811
99$159,380,145$0$0$63,140,642
100$175,485,346$0$0$69,527,105