Can I retire at age 41 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$73,495$72,841$72,202$71,579$70,970$69,423
2 years$36,384$35,706$35,050$34,413$33,795$32,245
3 years$24,015$23,334$22,679$22,049$21,441$19,935
4 years$17,832$17,153$16,505$15,885$15,292$13,843
5 years$14,123$13,448$12,808$12,201$11,625$10,236
6 years$11,651$10,982$10,351$9,757$9,198$7,871
7 years$9,886$9,222$8,602$8,022$7,481$6,215
8 years$8,563$7,905$7,295$6,729$6,206$5,002
9 years$7,534$6,883$6,283$5,732$5,226$4,083
10 years$6,712$6,067$5,478$4,941$4,453$3,369
11 years$6,040$5,401$4,823$4,300$3,830$2,804
12 years$5,480$4,848$4,280$3,772$3,319$2,350
13 years$5,006$4,381$3,824$3,330$2,894$1,980
14 years$4,601$3,982$3,436$2,956$2,537$1,676
15 years$4,250$3,638$3,102$2,636$2,234$1,424
16 years$3,943$3,338$2,812$2,360$1,974$1,213
17 years$3,673$3,074$2,559$2,121$1,750$1,036
18 years$3,432$2,840$2,336$1,911$1,556$887
19 years$3,218$2,632$2,139$1,727$1,387$761
20 years$3,025$2,446$1,963$1,564$1,239$654
21 years$2,851$2,278$1,805$1,420$1,109$563
22 years$2,692$2,127$1,664$1,291$994$485
23 years$2,548$1,989$1,536$1,175$892$418
24 years$2,416$1,864$1,421$1,072$802$360
25 years$2,295$1,749$1,316$979$722$311
26 years$2,183$1,644$1,221$895$650$269
27 years$2,079$1,547$1,133$819$586$232
28 years$1,984$1,458$1,054$751$529$201
29 years$1,895$1,375$980$688$477$174
30 years$1,812$1,299$913$632$431$150
31 years$1,734$1,228$851$580$390$130
32 years$1,662$1,162$794$533$353$113
33 years$1,594$1,100$742$490$319$98
34 years$1,530$1,043$693$451$289$85
35 years$1,470$989$648$415$262$73
36 years$1,414$939$606$383$237$64
37 years$1,360$892$567$352$215$55
38 years$1,310$847$531$325$195$48
39 years$1,262$806$498$300$177$41
40 years$1,217$767$467$276$160$36
41 years$1,174$730$437$255$145$31
42 years$1,133$695$410$235$132$27
43 years$1,094$662$385$217$120$23
44 years$1,057$631$361$201$109$20
45 years$1,022$602$339$185$99$18
46 years$989$574$319$171$90$15
47 years$957$548$299$158$81$13
48 years$926$523$281$146$74$11
49 years$897$499$265$135$67$10
50 years$869$477$249$125$61$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $890,000, adding $2,540 every year, while hoping to spend $28,884 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: 24/47/29 Blend
40$890,000$890,000$890,000$890,000
41$983,400$936,230$922,435$997,997
42$1,052,974$951,373$922,604$1,025,823
43$1,128,677$966,290$921,811$1,053,017
44$1,211,104$980,939$919,993$1,081,552
45$1,300,907$995,276$917,083$1,111,559
46$1,398,808$1,009,253$913,014$1,143,184
47$1,505,599$1,022,819$907,713$1,176,590
48$1,622,152$1,035,919$901,103$1,211,959
49$1,749,428$1,048,495$893,106$1,249,491
50$1,888,483$1,060,485$883,639$1,289,411
51$2,040,481$1,071,821$872,613$1,331,967
52$2,206,703$1,082,434$859,939$1,377,436
53$2,388,559$1,092,246$845,519$1,426,125
54$2,587,603$1,101,177$829,256$1,478,374
55$2,805,546$1,109,141$811,042$1,534,564
56$3,044,269$1,116,047$790,770$1,595,113
57$3,305,848$1,121,796$768,324$1,660,488
58$3,592,566$1,126,286$743,585$1,731,207
59$3,906,940$1,129,406$716,427$1,807,842
60$4,251,739$1,131,038$686,718$1,891,029
61$4,630,016$1,131,059$654,323$1,981,474
62$5,045,133$1,129,336$619,098$2,079,956
63$5,500,791$1,125,728$580,892$2,187,342
64$6,001,069$1,120,086$539,550$2,304,590
65$6,550,461$1,112,253$494,908$2,432,760
66$7,153,915$1,102,061$446,794$2,573,029
67$7,816,884$1,089,331$395,031$2,726,697
68$8,545,373$1,073,875$339,431$2,895,204
69$9,346,000$1,055,494$279,801$3,080,144
70$10,226,054$1,033,975$215,937$3,283,278
71$11,193,567$1,009,095$147,626$3,506,558
72$12,257,387$980,617$74,647$3,752,139
73$13,427,261$948,288$0$4,022,408
74$14,713,931$911,844$0$4,321,002
75$16,129,229$871,001$0$4,674,550
76$17,686,194$825,464$0$5,063,232
77$19,399,191$774,916$0$5,490,690
78$21,284,047$719,026$0$5,960,945
79$23,358,201$657,440$0$6,478,437
80$25,640,870$589,786$0$7,048,062
81$28,153,225$515,672$0$7,675,227
82$30,918,595$434,681$0$8,365,894
83$33,962,685$346,374$0$9,126,645
84$37,313,821$250,288$0$9,964,743
85$41,003,210$145,932$0$10,888,199
86$45,065,244$32,789$0$11,905,852
87$49,537,817$0$0$13,027,455
88$54,462,682$0$0$14,310,150
89$59,885,853$0$0$15,741,505
90$65,858,028$0$0$17,317,967
91$72,435,076$0$0$19,054,309
92$79,678,557$0$0$20,966,811
93$87,656,309$0$0$23,073,409
94$96,443,084$0$0$25,393,873
95$106,121,254$0$0$27,949,983
96$116,781,588$0$0$30,765,744
97$128,524,108$0$0$33,867,605
98$141,459,036$0$0$37,284,715
99$155,707,829$0$0$41,049,192
100$171,404,328$0$0$45,196,431