Can I retire at age 41 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$69,366$68,749$68,146$67,557$66,983$65,792
2 years$34,340$33,700$33,080$32,479$31,897$30,701
3 years$22,666$22,023$21,405$20,810$20,236$19,073
4 years$16,830$16,190$15,578$14,992$14,433$13,311
5 years$13,329$12,693$12,089$11,516$10,972$9,894
6 years$10,996$10,365$9,770$9,209$8,681$7,650
7 years$9,331$8,704$8,119$7,571$7,060$6,075
8 years$8,082$7,461$6,885$6,351$5,857$4,918
9 years$7,111$6,496$5,930$5,410$4,933$4,038
10 years$6,335$5,726$5,170$4,663$4,203$3,353
11 years$5,700$5,098$4,552$4,059$3,615$2,808
12 years$5,172$4,575$4,039$3,560$3,132$2,368
13 years$4,725$4,135$3,609$3,143$2,731$2,009
14 years$4,342$3,758$3,243$2,790$2,394$1,712
15 years$4,011$3,433$2,928$2,488$2,108$1,464
16 years$3,722$3,150$2,654$2,228$1,863$1,257
17 years$3,466$2,901$2,415$2,002$1,652$1,081
18 years$3,240$2,681$2,205$1,804$1,469$933
19 years$3,037$2,484$2,019$1,630$1,309$806
20 years$2,855$2,309$1,853$1,476$1,169$698
21 years$2,690$2,150$1,704$1,340$1,047$605
22 years$2,541$2,007$1,570$1,218$938$525
23 years$2,405$1,877$1,450$1,109$842$456
24 years$2,280$1,759$1,341$1,012$757$397
25 years$2,166$1,651$1,242$924$681$345
26 years$2,060$1,551$1,152$845$613$301
27 years$1,963$1,460$1,070$773$553$262
28 years$1,872$1,376$994$709$499$228
29 years$1,788$1,298$925$650$451$199
30 years$1,710$1,226$862$596$407$174
31 years$1,637$1,159$804$548$368$152
32 years$1,568$1,096$750$503$333$132
33 years$1,504$1,038$700$463$301$116
34 years$1,444$984$654$426$273$101
35 years$1,387$933$612$392$247$88
36 years$1,334$886$572$361$224$77
37 years$1,284$841$535$333$203$67
38 years$1,236$800$501$307$184$59
39 years$1,191$760$470$283$167$52
40 years$1,148$723$440$261$151$45
41 years$1,108$689$413$241$137$39
42 years$1,069$656$387$222$125$34
43 years$1,033$625$363$205$113$30
44 years$998$596$341$189$103$26
45 years$965$568$320$175$93$23
46 years$933$542$301$161$85$20
47 years$903$517$283$149$77$18
48 years$874$494$266$138$70$15
49 years$847$471$250$127$63$13
50 years$820$450$235$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $840,000, adding $6,733 every year, while hoping to spend $44,973 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: 35/39/26 Blend
40$840,000$840,000$840,000$840,000
41$932,625$888,105$875,085$957,749
42$979,902$883,771$856,550$972,711
43$1,030,494$877,718$835,886$984,291
44$1,084,691$869,813$812,975$995,903
45$1,142,813$859,917$787,693$1,007,580
46$1,205,209$847,882$759,909$1,019,362
47$1,272,262$833,551$729,489$1,031,296
48$1,344,396$816,757$696,289$1,043,438
49$1,422,071$797,325$660,162$1,055,855
50$1,505,796$775,068$620,951$1,068,625
51$1,596,130$749,789$578,495$1,081,839
52$1,693,685$721,278$532,625$1,095,602
53$1,799,135$689,315$483,162$1,110,038
54$1,913,221$653,666$429,922$1,125,285
55$2,036,756$614,082$372,712$1,141,504
56$2,170,637$570,304$311,329$1,158,881
57$2,315,846$522,053$245,563$1,177,624
58$2,473,467$469,039$175,194$1,197,973
59$2,644,690$410,950$99,991$1,220,199
60$2,830,823$347,462$19,716$1,244,608
61$3,033,307$278,228$0$1,271,548
62$3,253,728$202,885$0$1,319,708
63$3,493,829$121,047$0$1,378,259
64$3,755,530$32,308$0$1,442,300
65$4,040,942$0$0$1,512,468
66$4,352,389$0$0$1,616,839
67$4,692,432$0$0$1,746,044
68$5,063,885$0$0$1,887,303
69$5,469,851$0$0$2,041,811
70$5,913,744$0$0$2,210,881
71$6,399,321$0$0$2,395,961
72$6,930,722$0$0$2,598,647
73$7,512,504$0$0$2,820,692
74$8,149,686$0$0$3,064,031
75$8,847,793$0$0$3,330,793
76$9,612,913$0$0$3,623,323
77$10,451,749$0$0$3,944,204
78$11,371,682$0$0$4,296,281
79$12,380,846$0$0$4,682,688
80$13,488,196$0$0$5,106,875
81$14,703,597$0$0$5,572,647
82$16,037,916$0$0$6,084,190
83$17,503,125$0$0$6,646,119
84$19,112,409$0$0$7,263,518
85$20,880,295$0$0$7,941,985
86$22,822,786$0$0$8,687,690
87$24,957,510$0$0$9,507,429
88$27,303,891$0$0$10,408,690
89$29,883,325$0$0$11,399,721
90$32,719,387$0$0$12,489,613
91$35,838,047$0$0$13,688,377
92$39,267,921$0$0$15,007,047
93$43,040,536$0$0$16,457,779
94$47,190,627$0$0$18,053,966
95$51,756,465$0$0$19,810,365
96$56,780,220$0$0$21,743,236
97$62,308,353$0$0$23,870,494
98$68,392,056$0$0$26,211,881
99$75,087,737$0$0$28,789,147
100$82,457,548$0$0$31,626,258