Can I retire at age 41 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$71,844$71,204$70,579$69,970$69,375$67,343
2 years$35,566$34,904$34,262$33,639$33,036$31,005
3 years$23,475$22,810$22,170$21,553$20,959$18,994
4 years$17,431$16,768$16,134$15,528$14,948$13,063
5 years$13,805$13,146$12,521$11,927$11,363$9,563
6 years$11,389$10,735$10,118$9,538$8,992$7,278
7 years$9,664$9,015$8,408$7,842$7,313$5,685
8 years$8,371$7,728$7,131$6,578$6,066$4,525
9 years$7,365$6,728$6,142$5,603$5,109$3,652
10 years$6,561$5,931$5,355$4,830$4,353$2,978
11 years$5,904$5,280$4,714$4,204$3,744$2,449
12 years$5,357$4,739$4,184$3,687$3,244$2,026
13 years$4,894$4,282$3,738$3,255$2,829$1,686
14 years$4,498$3,893$3,359$2,890$2,480$1,408
15 years$4,154$3,556$3,032$2,577$2,183$1,180
16 years$3,854$3,263$2,749$2,307$1,930$992
17 years$3,590$3,005$2,502$2,073$1,711$836
18 years$3,355$2,776$2,284$1,868$1,521$706
19 years$3,145$2,573$2,091$1,688$1,356$597
20 years$2,957$2,391$1,919$1,529$1,211$506
21 years$2,786$2,227$1,765$1,388$1,084$429
22 years$2,632$2,079$1,627$1,262$972$364
23 years$2,491$1,945$1,502$1,149$872$309
24 years$2,362$1,822$1,389$1,048$784$263
25 years$2,243$1,710$1,286$957$705$223
26 years$2,134$1,607$1,193$875$635$190
27 years$2,033$1,512$1,108$801$573$162
28 years$1,939$1,425$1,030$734$517$138
29 years$1,852$1,344$958$673$467$117
30 years$1,771$1,270$893$618$422$100
31 years$1,695$1,200$832$567$381$85
32 years$1,624$1,136$777$521$345$73
33 years$1,558$1,075$725$479$312$62
34 years$1,496$1,019$677$441$283$53
35 years$1,437$967$633$406$256$45
36 years$1,382$918$593$374$232$38
37 years$1,330$872$555$345$210$33
38 years$1,280$828$519$318$191$28
39 years$1,234$788$487$293$173$24
40 years$1,189$749$456$270$157$20
41 years$1,147$713$428$249$142$17
42 years$1,108$679$401$230$129$15
43 years$1,070$647$376$212$117$13
44 years$1,034$617$353$196$106$11
45 years$999$588$332$181$97$9
46 years$967$561$312$167$88$8
47 years$935$536$293$154$80$7
48 years$905$511$275$143$72$6
49 years$877$488$259$132$66$5
50 years$849$466$243$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $870,000, adding $2,940 every year, while hoping to spend $53,931 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: 43/32/25 Blend
40$870,000$870,000$870,000$870,000
41$961,773$915,663$902,178$996,009
42$1,002,491$903,148$875,018$1,008,189
43$1,045,556$888,212$845,142$1,015,986
44$1,091,148$870,681$812,400$1,023,372
45$1,139,468$850,367$776,638$1,030,340
46$1,190,732$827,073$737,694$1,036,886
47$1,245,180$800,593$695,399$1,043,008
48$1,303,070$770,703$649,577$1,048,711
49$1,364,688$737,173$600,042$1,054,003
50$1,430,344$699,753$546,603$1,058,899
51$1,500,382$658,183$489,056$1,063,422
52$1,575,173$612,187$427,192$1,067,600
53$1,655,129$561,472$360,791$1,071,475
54$1,740,698$505,729$289,623$1,075,096
55$1,832,372$444,633$213,448$1,078,524
56$1,930,692$377,838$132,017$1,081,836
57$2,036,250$304,979$45,067$1,085,123
58$2,149,697$225,673$0$1,088,492
59$2,271,746$139,511$0$1,104,804
60$2,403,182$46,065$0$1,135,135
61$2,544,866$0$0$1,167,706
62$2,697,743$0$0$1,222,214
63$2,862,852$0$0$1,298,684
64$3,041,336$0$0$1,381,436
65$3,234,449$0$0$1,471,063
66$3,443,570$0$0$1,568,217
67$3,670,218$0$0$1,673,614
68$3,916,058$0$0$1,788,043
69$4,182,925$0$0$1,912,371
70$4,472,838$0$0$2,047,551
71$4,788,013$0$0$2,194,634
72$5,130,894$0$0$2,354,774
73$5,504,165$0$0$2,529,240
74$5,910,782$0$0$2,719,433
75$6,353,998$0$0$2,926,889
76$6,837,391$0$0$3,153,304
77$7,364,903$0$0$3,400,540
78$7,940,868$0$0$3,670,651
79$8,570,062$0$0$3,965,896
80$9,257,738$0$0$4,288,763
81$10,009,684$0$0$4,641,990
82$10,832,270$0$0$5,028,592
83$11,732,510$0$0$5,451,892
84$12,718,128$0$0$5,915,545
85$13,797,629$0$0$6,423,578
86$14,980,380$0$0$6,980,428
87$16,276,697$0$0$7,590,978
88$17,697,940$0$0$8,260,609
89$19,256,622$0$0$8,995,245
90$20,966,524$0$0$9,801,414
91$22,842,827$0$0$10,686,305
92$24,902,251$0$0$11,657,836
93$27,163,214$0$0$12,724,733
94$29,646,005$0$0$13,896,603
95$32,372,973$0$0$15,184,033
96$35,368,738$0$0$16,598,685
97$38,660,424$0$0$18,153,407
98$42,277,910$0$0$19,862,353
99$46,254,114$0$0$21,741,117
100$50,625,303$0$0$23,806,877