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%19.6%
1 years$75,973$75,296$74,636$73,991$73,362$70,535
2 years$37,610$36,910$36,231$35,573$34,934$32,120
3 years$24,824$24,121$23,444$22,792$22,164$19,450
4 years$18,433$17,731$17,061$16,420$15,807$13,216
5 years$14,599$13,902$13,240$12,612$12,017$9,553
6 years$12,044$11,352$10,700$10,086$9,508$7,175
7 years$10,219$9,533$8,892$8,292$7,733$5,529
8 years$8,852$8,172$7,541$6,956$6,415$4,339
9 years$7,788$7,115$6,495$5,925$5,402$3,450
10 years$6,938$6,271$5,662$5,108$4,603$2,771
11 years$6,243$5,583$4,985$4,445$3,959$2,244
12 years$5,664$5,011$4,424$3,899$3,431$1,827
13 years$5,175$4,529$3,953$3,442$2,992$1,495
14 years$4,756$4,116$3,552$3,056$2,622$1,229
15 years$4,393$3,760$3,207$2,725$2,309$1,012
16 years$4,076$3,450$2,907$2,440$2,041$837
17 years$3,796$3,177$2,645$2,192$1,809$693
18 years$3,548$2,936$2,415$1,976$1,609$574
19 years$3,326$2,721$2,211$1,785$1,434$477
20 years$3,127$2,529$2,029$1,617$1,281$397
21 years$2,947$2,355$1,866$1,467$1,146$330
22 years$2,783$2,199$1,720$1,334$1,027$275
23 years$2,634$2,056$1,588$1,215$922$229
24 years$2,497$1,927$1,469$1,108$829$191
25 years$2,372$1,808$1,360$1,012$746$159
26 years$2,256$1,699$1,262$925$672$133
27 years$2,150$1,599$1,172$847$606$111
28 years$2,050$1,507$1,089$776$547$93
29 years$1,958$1,422$1,014$712$494$77
30 years$1,873$1,343$944$653$446$65
31 years$1,793$1,269$880$600$403$54
32 years$1,718$1,201$821$551$365$45
33 years$1,648$1,137$767$507$330$38
34 years$1,582$1,078$716$466$299$32
35 years$1,520$1,022$670$429$271$26
36 years$1,461$970$627$395$245$22
37 years$1,406$922$586$364$222$18
38 years$1,354$876$549$336$202$15
39 years$1,305$833$515$310$183$13
40 years$1,258$792$482$286$166$11
41 years$1,213$754$452$264$150$9
42 years$1,171$718$424$243$136$8
43 years$1,131$684$398$224$124$6
44 years$1,093$652$374$207$112$5
45 years$1,057$622$351$191$102$4
46 years$1,022$593$330$177$93$4
47 years$989$566$310$163$84$3
48 years$957$541$291$151$76$3
49 years$927$516$273$140$69$2
50 years$898$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $920,000, adding $3,191 every year, while hoping to spend $39,112 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: 65/20/15 Blend
40$920,000$920,000$920,000$920,000
41$1,017,132$968,372$954,112$1,079,380
42$1,079,264$974,207$944,459$1,127,256
43$1,146,423$979,017$933,173$1,174,728
44$1,219,081$982,711$920,156$1,225,640
45$1,297,754$985,191$905,309$1,280,325
46$1,383,014$986,354$888,526$1,339,155
47$1,475,486$986,090$869,696$1,402,539
48$1,575,859$984,283$848,705$1,470,927
49$1,684,892$980,808$825,431$1,544,818
50$1,803,417$975,533$799,749$1,624,762
51$1,932,352$968,321$771,527$1,711,366
52$2,072,705$959,022$740,626$1,805,300
53$2,225,586$947,480$706,903$1,907,305
54$2,392,218$933,528$670,206$2,018,197
55$2,573,945$916,991$630,378$2,138,878
56$2,772,245$897,682$587,254$2,270,343
57$2,988,749$875,403$540,662$2,413,692
58$3,225,248$849,945$490,421$2,570,136
59$3,483,718$821,086$436,344$2,741,015
60$3,766,330$788,592$378,235$2,927,805
61$4,075,478$752,216$315,888$3,132,136
62$4,413,796$711,693$249,090$3,355,808
63$4,784,185$666,748$177,616$3,600,805
64$5,189,839$617,086$101,233$3,869,319
65$5,634,277$562,397$19,699$4,163,767
66$6,121,372$502,354$0$4,486,815
67$6,655,391$436,608$0$4,852,179
68$7,241,034$364,795$0$5,256,398
69$7,883,476$286,527$0$5,699,942
70$8,588,419$201,395$0$6,186,809
71$9,362,143$108,968$0$6,721,405
72$10,211,563$8,790$0$7,308,589
73$11,144,301$0$0$7,953,719
74$12,168,750$0$0$8,684,625
75$13,294,156$0$0$9,489,750
76$14,530,705$0$0$10,374,455
77$15,889,620$0$0$11,346,778
78$17,383,263$0$0$12,415,573
79$19,025,253$0$0$13,590,595
80$20,830,597$0$0$14,882,591
81$22,815,826$0$0$16,303,402
82$24,999,155$0$0$17,866,074
83$27,400,650$0$0$19,584,980
84$30,042,423$0$0$21,475,955
85$32,948,835$0$0$23,556,450
86$36,146,726$0$0$25,845,688
87$39,665,671$0$0$28,364,852
88$43,538,255$0$0$31,137,283
89$47,800,384$0$0$34,188,697
90$52,491,619$0$0$37,547,431
91$57,655,551$0$0$41,244,707
92$63,340,212$0$0$45,314,930
93$69,598,528$0$0$49,796,009
94$76,488,817$0$0$54,729,714
95$84,075,340$0$0$60,162,075
96$92,428,905$0$0$66,143,809
97$101,627,537$0$0$72,730,804
98$111,757,212$0$0$79,984,643
99$122,912,669$0$0$87,973,185
100$135,198,304$0$0$96,771,207