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%18.1%
1 years$72,670$72,022$71,391$70,774$70,172$67,872
2 years$35,975$35,305$34,656$34,026$33,415$31,120
3 years$23,745$23,072$22,425$21,801$21,200$18,981
4 years$17,631$16,961$16,319$15,706$15,120$12,995
5 years$13,964$13,297$12,664$12,064$11,494$9,468
6 years$11,520$10,858$10,235$9,648$9,095$7,170
7 years$9,775$9,119$8,505$7,932$7,397$5,573
8 years$8,467$7,816$7,213$6,654$6,136$4,412
9 years$7,450$6,806$6,213$5,668$5,168$3,541
10 years$6,637$5,999$5,416$4,886$4,403$2,871
11 years$5,972$5,340$4,768$4,252$3,787$2,347
12 years$5,418$4,793$4,232$3,729$3,281$1,931
13 years$4,950$4,332$3,781$3,293$2,862$1,597
14 years$4,549$3,937$3,397$2,923$2,508$1,325
15 years$4,202$3,597$3,067$2,607$2,209$1,104
16 years$3,899$3,300$2,781$2,334$1,952$922
17 years$3,631$3,039$2,530$2,097$1,731$772
18 years$3,394$2,808$2,310$1,890$1,539$647
19 years$3,182$2,603$2,115$1,708$1,372$544
20 years$2,991$2,419$1,941$1,547$1,225$457
21 years$2,818$2,253$1,785$1,404$1,096$385
22 years$2,662$2,103$1,645$1,276$983$324
23 years$2,519$1,967$1,519$1,162$882$274
24 years$2,389$1,843$1,405$1,060$793$231
25 years$2,269$1,729$1,301$968$714$195
26 years$2,158$1,625$1,207$885$643$165
27 years$2,056$1,530$1,121$810$579$139
28 years$1,961$1,441$1,042$742$523$118
29 years$1,873$1,360$969$681$472$99
30 years$1,791$1,284$903$625$427$84
31 years$1,715$1,214$842$574$386$71
32 years$1,643$1,149$785$527$349$60
33 years$1,576$1,088$733$485$316$51
34 years$1,513$1,031$685$446$286$43
35 years$1,454$978$641$411$259$36
36 years$1,398$928$599$378$235$31
37 years$1,345$882$561$349$213$26
38 years$1,295$838$525$321$193$22
39 years$1,248$797$492$296$175$19
40 years$1,203$758$461$273$159$16
41 years$1,161$721$433$252$144$13
42 years$1,120$687$406$233$131$11
43 years$1,082$655$381$215$118$10
44 years$1,046$624$357$198$108$8
45 years$1,011$595$336$183$98$7
46 years$978$568$315$169$89$6
47 years$946$542$296$156$80$5
48 years$916$517$278$144$73$4
49 years$887$494$262$133$66$4
50 years$859$472$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $880,000, adding $2,266 every year, while hoping to spend $30,698 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: 67/12/21 Blend
40$880,000$880,000$880,000$880,000
41$972,097$925,457$911,817$1,031,941
42$1,038,589$938,142$909,701$1,085,016
43$1,110,834$950,420$906,485$1,139,288
44$1,189,386$962,238$902,099$1,197,909
45$1,274,856$973,540$896,472$1,261,305
46$1,367,915$984,267$889,528$1,329,949
47$1,469,301$994,355$881,185$1,404,361
48$1,579,827$1,003,736$871,363$1,485,113
49$1,700,388$1,012,337$859,971$1,572,839
50$1,831,967$1,020,081$846,920$1,668,235
51$1,975,649$1,026,886$832,113$1,772,071
52$2,132,626$1,032,665$815,450$1,885,195
53$2,304,211$1,037,323$796,825$2,008,542
54$2,491,852$1,040,763$776,130$2,143,143
55$2,697,139$1,042,878$753,248$2,290,136
56$2,921,825$1,043,558$728,060$2,450,775
57$3,167,841$1,042,682$700,440$2,626,443
58$3,437,313$1,040,125$670,256$2,818,665
59$3,732,580$1,035,753$637,372$3,029,122
60$4,056,222$1,029,423$601,642$3,259,671
61$4,411,077$1,020,986$562,918$3,512,354
62$4,800,273$1,010,280$521,041$3,789,427
63$5,227,254$997,136$475,849$4,093,376
64$5,695,813$981,375$427,169$4,426,943
65$6,210,129$962,806$374,823$4,793,151
66$6,774,807$941,228$318,624$5,195,332
67$7,394,915$916,426$258,376$5,637,161
68$8,076,041$888,176$193,876$6,122,690
69$8,824,337$856,236$124,910$6,656,385
70$9,646,582$820,354$51,258$7,243,173
71$10,550,244$780,263$0$7,888,483
72$11,543,551$735,677$0$8,604,428
73$12,635,567$686,299$0$9,404,136
74$13,836,276$631,809$0$10,283,444
75$15,156,683$571,875$0$11,250,431
76$16,608,908$506,140$0$12,314,004
77$18,206,307$434,230$0$13,483,974
78$19,963,593$355,751$0$14,771,157
79$21,896,981$270,284$0$16,187,469
80$24,024,333$177,388$0$17,746,044
81$26,365,332$76,597$0$19,461,355
82$28,941,663$0$0$21,349,352
83$31,777,223$0$0$23,431,914
84$34,898,341$0$0$25,735,400
85$38,334,028$0$0$28,271,115
86$42,116,251$0$0$31,062,660
87$46,280,233$0$0$34,136,040
88$50,864,787$0$0$37,519,913
89$55,912,681$0$0$41,245,854
90$61,471,040$0$0$45,348,656
91$67,591,792$0$0$49,866,660
92$74,332,159$0$0$54,842,111
93$81,755,192$0$0$60,321,564
94$89,930,370$0$0$66,356,317
95$98,934,256$0$0$73,002,895
96$108,851,214$0$0$80,323,589
97$119,774,211$0$0$88,387,037
98$131,805,688$0$0$97,268,876
99$145,058,533$0$0$107,052,452
100$159,657,141$0$0$117,829,612