Can I retire at age 41 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$72,670$72,022$71,391$70,774$70,172$68,035
2 years$35,975$35,305$34,656$34,026$33,415$31,281
3 years$23,745$23,072$22,425$21,801$21,200$19,135
4 years$17,631$16,961$16,319$15,706$15,120$13,140
5 years$13,964$13,297$12,664$12,064$11,494$9,604
6 years$11,520$10,858$10,235$9,648$9,095$7,297
7 years$9,775$9,119$8,505$7,932$7,397$5,691
8 years$8,467$7,816$7,213$6,654$6,136$4,521
9 years$7,450$6,806$6,213$5,668$5,168$3,642
10 years$6,637$5,999$5,416$4,886$4,403$2,964
11 years$5,972$5,340$4,768$4,252$3,787$2,433
12 years$5,418$4,793$4,232$3,729$3,281$2,009
13 years$4,950$4,332$3,781$3,293$2,862$1,668
14 years$4,549$3,937$3,397$2,923$2,508$1,391
15 years$4,202$3,597$3,067$2,607$2,209$1,163
16 years$3,899$3,300$2,781$2,334$1,952$976
17 years$3,631$3,039$2,530$2,097$1,731$820
18 years$3,394$2,808$2,310$1,890$1,539$691
19 years$3,182$2,603$2,115$1,708$1,372$583
20 years$2,991$2,419$1,941$1,547$1,225$493
21 years$2,818$2,253$1,785$1,404$1,096$417
22 years$2,662$2,103$1,645$1,276$983$353
23 years$2,519$1,967$1,519$1,162$882$299
24 years$2,389$1,843$1,405$1,060$793$254
25 years$2,269$1,729$1,301$968$714$215
26 years$2,158$1,625$1,207$885$643$183
27 years$2,056$1,530$1,121$810$579$155
28 years$1,961$1,441$1,042$742$523$132
29 years$1,873$1,360$969$681$472$112
30 years$1,791$1,284$903$625$427$95
31 years$1,715$1,214$842$574$386$81
32 years$1,643$1,149$785$527$349$69
33 years$1,576$1,088$733$485$316$58
34 years$1,513$1,031$685$446$286$50
35 years$1,454$978$641$411$259$42
36 years$1,398$928$599$378$235$36
37 years$1,345$882$561$349$213$31
38 years$1,295$838$525$321$193$26
39 years$1,248$797$492$296$175$22
40 years$1,203$758$461$273$159$19
41 years$1,161$721$433$252$144$16
42 years$1,120$687$406$233$131$14
43 years$1,082$655$381$215$118$12
44 years$1,046$624$357$198$108$10
45 years$1,011$595$336$183$98$8
46 years$978$568$315$169$89$7
47 years$946$542$296$156$80$6
48 years$916$517$278$144$73$5
49 years$887$494$262$133$66$4
50 years$859$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $880,000, adding $2,324 every year, while hoping to spend $30,956 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: 65/17/18 Blend
40$880,000$880,000$880,000$880,000
41$972,157$925,517$911,877$1,030,847
42$1,038,380$937,931$909,488$1,082,902
43$1,110,321$949,915$905,982$1,136,001
44$1,188,529$961,416$901,287$1,193,286
45$1,273,610$972,377$895,332$1,255,165
46$1,366,231$982,736$888,038$1,322,092
47$1,467,125$992,428$879,326$1,394,565
48$1,577,098$1,001,384$869,110$1,473,133
49$1,697,039$1,009,529$857,302$1,558,403
50$1,827,925$1,016,783$843,809$1,651,044
51$1,970,832$1,023,064$828,535$1,751,794
52$2,126,943$1,028,281$811,378$1,861,466
53$2,297,563$1,032,338$792,231$1,980,957
54$2,484,127$1,035,136$770,983$2,111,256
55$2,688,215$1,036,564$747,518$2,253,456
56$2,911,568$1,036,511$721,715$2,408,759
57$3,156,100$1,034,852$693,445$2,578,492
58$3,423,924$1,031,461$662,576$2,764,120
59$3,717,360$1,026,199$628,969$2,967,256
60$4,038,970$1,018,922$592,478$3,189,680
61$4,391,571$1,009,475$552,952$3,433,356
62$4,778,266$997,694$510,231$3,700,449
63$5,202,475$983,407$464,150$3,993,346
64$5,667,964$966,431$414,535$4,314,678
65$6,178,880$946,569$361,206$4,667,350
66$6,739,792$923,617$303,973$5,054,562
67$7,355,733$897,357$242,638$5,479,844
68$8,032,247$867,557$176,996$5,947,087
69$8,775,442$833,973$106,831$6,460,583
70$9,592,046$796,346$31,918$7,025,064
71$10,489,471$754,403$0$7,645,746
72$11,475,882$707,855$0$8,337,606
73$12,560,278$656,395$0$9,104,905
74$13,752,567$599,699$0$9,948,545
75$15,063,672$537,427$0$10,876,290
76$16,505,622$469,216$0$11,896,690
77$18,091,672$394,685$0$13,019,173
78$19,836,428$313,430$0$14,254,128
79$21,755,980$225,024$0$15,613,003
80$23,868,058$129,019$0$17,108,420
81$26,192,196$24,937$0$18,754,284
82$28,749,919$0$0$20,565,924
83$31,564,942$0$0$22,576,642
84$34,663,397$0$0$24,795,016
85$38,074,078$0$0$27,237,003
86$41,828,711$0$0$29,925,330
87$45,962,256$0$0$32,885,036
88$50,513,233$0$0$36,143,713
89$55,524,089$0$0$39,731,763
90$61,041,595$0$0$43,682,688
91$67,117,290$0$0$48,033,404
92$73,807,963$0$0$52,824,588
93$81,176,193$0$0$58,101,063
94$89,290,937$0$0$63,912,223
95$98,228,180$0$0$70,312,493
96$108,071,653$0$0$77,361,850
97$118,913,622$0$0$85,126,382
98$130,855,761$0$0$93,678,915
99$144,010,105$0$0$103,099,700
100$158,500,115$0$0$113,477,170