Can I retire at age 41 with 920,000?

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 $920,000?

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$75,973$75,296$74,636$73,991$73,362$71,300
2 years$37,610$36,910$36,231$35,573$34,934$32,872
3 years$24,824$24,121$23,444$22,792$22,164$20,166
4 years$18,433$17,731$17,061$16,420$15,807$13,890
5 years$14,599$13,902$13,240$12,612$12,017$10,185
6 years$12,044$11,352$10,700$10,086$9,508$7,764
7 years$10,219$9,533$8,892$8,292$7,733$6,075
8 years$8,852$8,172$7,541$6,956$6,415$4,844
9 years$7,788$7,115$6,495$5,925$5,402$3,916
10 years$6,938$6,271$5,662$5,108$4,603$3,200
11 years$6,243$5,583$4,985$4,445$3,959$2,636
12 years$5,664$5,011$4,424$3,899$3,431$2,186
13 years$5,175$4,529$3,953$3,442$2,992$1,822
14 years$4,756$4,116$3,552$3,056$2,622$1,525
15 years$4,393$3,760$3,207$2,725$2,309$1,281
16 years$4,076$3,450$2,907$2,440$2,041$1,079
17 years$3,796$3,177$2,645$2,192$1,809$912
18 years$3,548$2,936$2,415$1,976$1,609$771
19 years$3,326$2,721$2,211$1,785$1,434$654
20 years$3,127$2,529$2,029$1,617$1,281$555
21 years$2,947$2,355$1,866$1,467$1,146$472
22 years$2,783$2,199$1,720$1,334$1,027$401
23 years$2,634$2,056$1,588$1,215$922$341
24 years$2,497$1,927$1,469$1,108$829$291
25 years$2,372$1,808$1,360$1,012$746$248
26 years$2,256$1,699$1,262$925$672$212
27 years$2,150$1,599$1,172$847$606$180
28 years$2,050$1,507$1,089$776$547$154
29 years$1,958$1,422$1,014$712$494$132
30 years$1,873$1,343$944$653$446$112
31 years$1,793$1,269$880$600$403$96
32 years$1,718$1,201$821$551$365$82
33 years$1,648$1,137$767$507$330$70
34 years$1,582$1,078$716$466$299$60
35 years$1,520$1,022$670$429$271$51
36 years$1,461$970$627$395$245$44
37 years$1,406$922$586$364$222$37
38 years$1,354$876$549$336$202$32
39 years$1,305$833$515$310$183$27
40 years$1,258$792$482$286$166$23
41 years$1,213$754$452$264$150$20
42 years$1,171$718$424$243$136$17
43 years$1,131$684$398$224$124$15
44 years$1,093$652$374$207$112$13
45 years$1,057$622$351$191$102$11
46 years$1,022$593$330$177$93$9
47 years$989$566$310$163$84$8
48 years$957$541$291$151$76$7
49 years$927$516$273$140$69$6
50 years$898$493$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $920,000, adding $5,739 every year, while hoping to spend $46,117 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: 47/44/9 Blend
40$920,000$920,000$920,000$920,000
41$1,019,760$971,000$956,740$1,064,911
42$1,074,707$969,511$939,722$1,095,088
43$1,133,713$966,403$920,589$1,122,547
44$1,197,144$961,549$899,221$1,151,288
45$1,265,400$954,812$875,492$1,181,443
46$1,338,922$946,048$849,272$1,213,163
47$1,418,193$935,106$820,424$1,246,613
48$1,503,745$921,822$788,804$1,281,983
49$1,596,162$906,026$754,264$1,319,480
50$1,696,084$887,536$716,646$1,359,340
51$1,804,218$866,158$675,787$1,401,823
52$1,921,338$841,690$631,515$1,447,221
53$2,048,297$813,915$583,653$1,495,859
54$2,186,031$782,605$532,014$1,548,100
55$2,335,572$747,518$476,402$1,604,348
56$2,498,053$708,399$416,614$1,665,054
57$2,674,721$664,977$352,437$1,730,719
58$2,866,947$616,966$283,649$1,801,901
59$3,076,242$564,063$210,017$1,879,221
60$3,304,267$505,950$131,301$1,963,370
61$3,552,849$442,288$47,246$2,055,114
62$3,823,999$372,721$0$2,155,307
63$4,119,933$296,870$0$2,268,972
64$4,443,088$214,338$0$2,398,193
65$4,796,147$124,705$0$2,539,622
66$5,182,063$27,524$0$2,694,585
67$5,604,089$0$0$2,864,548
68$6,065,806$0$0$3,088,745
69$6,571,156$0$0$3,348,817
70$7,124,480$0$0$3,633,685
71$7,730,561$0$0$3,945,822
72$8,394,662$0$0$4,287,955
73$9,122,582$0$0$4,663,085
74$9,920,708$0$0$5,074,517
75$10,796,073$0$0$5,525,894
76$11,756,423$0$0$6,021,224
77$12,810,293$0$0$6,564,927
78$13,967,080$0$0$7,161,867
79$15,237,140$0$0$7,817,406
80$16,631,876$0$0$8,537,448
81$18,163,852$0$0$9,328,499
82$19,846,909$0$0$10,197,724
83$21,696,294$0$0$11,153,018
84$23,728,804$0$0$12,203,079
85$25,962,943$0$0$13,357,488
86$28,419,099$0$0$14,626,802
87$31,119,734$0$0$16,022,652
88$34,089,592$0$0$17,557,852
89$37,355,939$0$0$19,246,521
90$40,948,813$0$0$21,104,213
91$44,901,311$0$0$23,148,068
92$49,249,899$0$0$25,396,970
93$54,034,756$0$0$27,871,726
94$59,300,151$0$0$30,595,261
95$65,094,863$0$0$33,592,837
96$71,472,638$0$0$36,892,286
97$78,492,695$0$0$40,524,277
98$86,220,289$0$0$44,522,605
99$94,727,319$0$0$48,924,505
100$104,093,013$0$0$53,771,007