Can I retire at age 41 with 890,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$73,495$72,841$72,202$71,579$70,970$68,975
2 years$36,384$35,706$35,050$34,413$33,795$31,800
3 years$24,015$23,334$22,679$22,049$21,441$19,509
4 years$17,832$17,153$16,505$15,885$15,292$13,437
5 years$14,123$13,448$12,808$12,201$11,625$9,853
6 years$11,651$10,982$10,351$9,757$9,198$7,511
7 years$9,886$9,222$8,602$8,022$7,481$5,877
8 years$8,563$7,905$7,295$6,729$6,206$4,686
9 years$7,534$6,883$6,283$5,732$5,226$3,788
10 years$6,712$6,067$5,478$4,941$4,453$3,095
11 years$6,040$5,401$4,823$4,300$3,830$2,550
12 years$5,480$4,848$4,280$3,772$3,319$2,114
13 years$5,006$4,381$3,824$3,330$2,894$1,763
14 years$4,601$3,982$3,436$2,956$2,537$1,475
15 years$4,250$3,638$3,102$2,636$2,234$1,239
16 years$3,943$3,338$2,812$2,360$1,974$1,044
17 years$3,673$3,074$2,559$2,121$1,750$882
18 years$3,432$2,840$2,336$1,911$1,556$746
19 years$3,218$2,632$2,139$1,727$1,387$632
20 years$3,025$2,446$1,963$1,564$1,239$537
21 years$2,851$2,278$1,805$1,420$1,109$456
22 years$2,692$2,127$1,664$1,291$994$388
23 years$2,548$1,989$1,536$1,175$892$330
24 years$2,416$1,864$1,421$1,072$802$281
25 years$2,295$1,749$1,316$979$722$240
26 years$2,183$1,644$1,221$895$650$205
27 years$2,079$1,547$1,133$819$586$175
28 years$1,984$1,458$1,054$751$529$149
29 years$1,895$1,375$980$688$477$127
30 years$1,812$1,299$913$632$431$109
31 years$1,734$1,228$851$580$390$93
32 years$1,662$1,162$794$533$353$79
33 years$1,594$1,100$742$490$319$68
34 years$1,530$1,043$693$451$289$58
35 years$1,470$989$648$415$262$50
36 years$1,414$939$606$383$237$42
37 years$1,360$892$567$352$215$36
38 years$1,310$847$531$325$195$31
39 years$1,262$806$498$300$177$26
40 years$1,217$767$467$276$160$23
41 years$1,174$730$437$255$145$19
42 years$1,133$695$410$235$132$17
43 years$1,094$662$385$217$120$14
44 years$1,057$631$361$201$109$12
45 years$1,022$602$339$185$99$10
46 years$989$574$319$171$90$9
47 years$957$548$299$158$81$8
48 years$926$523$281$146$74$6
49 years$897$499$265$135$67$6
50 years$869$477$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $890,000, adding $4,537 every year, while hoping to spend $51,656 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: 66/14/20 Blend
40$890,000$890,000$890,000$890,000
41$985,460$938,290$924,495$1,045,257
42$1,031,015$929,305$900,504$1,076,935
43$1,079,486$918,148$873,978$1,105,207
44$1,131,115$904,658$844,777$1,134,886
45$1,186,168$888,666$812,757$1,166,108
46$1,244,936$869,989$777,763$1,199,030
47$1,307,739$848,438$739,637$1,233,820
48$1,374,925$823,809$698,213$1,270,670
49$1,446,880$795,888$653,315$1,309,792
50$1,524,023$764,447$604,762$1,351,420
51$1,606,815$729,247$552,364$1,395,816
52$1,695,764$690,034$495,921$1,443,270
53$1,791,424$646,538$435,227$1,494,103
54$1,894,407$598,476$370,065$1,548,674
55$2,005,382$545,547$300,208$1,607,379
56$2,125,086$487,433$225,419$1,670,658
57$2,254,326$423,799$145,453$1,738,999
58$2,393,993$354,291$60,051$1,812,944
59$2,545,061$278,532$0$1,893,091
60$2,708,606$196,129$0$1,986,741
61$2,885,806$106,661$0$2,102,103
62$3,077,960$9,690$0$2,227,226
63$3,286,494$0$0$2,363,081
64$3,512,979$0$0$2,525,409
65$3,759,139$0$0$2,703,512
66$4,026,874$0$0$2,897,278
67$4,318,275$0$0$3,108,225
68$4,635,638$0$0$3,338,025
69$4,981,495$0$0$3,588,517
70$5,358,630$0$0$3,861,724
71$5,770,107$0$0$4,159,874
72$6,219,298$0$0$4,485,419
73$6,709,917$0$0$4,841,060
74$7,246,052$0$0$5,229,766
75$7,832,201$0$0$5,654,810
76$8,473,319$0$0$6,119,795
77$9,174,862$0$0$6,628,686
78$9,942,837$0$0$7,185,851
79$10,783,857$0$0$7,796,100
80$11,705,207$0$0$8,464,729
81$12,714,908$0$0$9,197,571
82$13,821,796$0$0$10,001,050
83$15,035,600$0$0$10,882,242
84$16,367,038$0$0$11,848,940
85$17,827,913$0$0$12,909,727
86$19,431,228$0$0$14,074,059
87$21,191,305$0$0$15,352,350
88$23,123,919$0$0$16,756,073
89$25,246,449$0$0$18,297,865
90$27,578,040$0$0$19,991,650
91$30,139,782$0$0$21,852,764
92$32,954,908$0$0$23,898,104
93$36,049,014$0$0$26,146,283
94$39,450,299$0$0$28,617,810
95$43,189,830$0$0$31,335,277
96$47,301,835$0$0$34,323,578
97$51,824,024$0$0$37,610,136
98$56,797,943$0$0$41,225,168
99$62,269,371$0$0$45,201,966
100$68,288,742$0$0$49,577,210