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%16.3%
1 years$75,973$75,296$74,636$73,991$73,362$71,473
2 years$37,610$36,910$36,231$35,573$34,934$33,043
3 years$24,824$24,121$23,444$22,792$22,164$20,330
4 years$18,433$17,731$17,061$16,420$15,807$14,046
5 years$14,599$13,902$13,240$12,612$12,017$10,331
6 years$12,044$11,352$10,700$10,086$9,508$7,901
7 years$10,219$9,533$8,892$8,292$7,733$6,204
8 years$8,852$8,172$7,541$6,956$6,415$4,964
9 years$7,788$7,115$6,495$5,925$5,402$4,028
10 years$6,938$6,271$5,662$5,108$4,603$3,303
11 years$6,243$5,583$4,985$4,445$3,959$2,732
12 years$5,664$5,011$4,424$3,899$3,431$2,274
13 years$5,175$4,529$3,953$3,442$2,992$1,903
14 years$4,756$4,116$3,552$3,056$2,622$1,600
15 years$4,393$3,760$3,207$2,725$2,309$1,350
16 years$4,076$3,450$2,907$2,440$2,041$1,142
17 years$3,796$3,177$2,645$2,192$1,809$969
18 years$3,548$2,936$2,415$1,976$1,609$823
19 years$3,326$2,721$2,211$1,785$1,434$701
20 years$3,127$2,529$2,029$1,617$1,281$598
21 years$2,947$2,355$1,866$1,467$1,146$510
22 years$2,783$2,199$1,720$1,334$1,027$436
23 years$2,634$2,056$1,588$1,215$922$373
24 years$2,497$1,927$1,469$1,108$829$319
25 years$2,372$1,808$1,360$1,012$746$273
26 years$2,256$1,699$1,262$925$672$234
27 years$2,150$1,599$1,172$847$606$201
28 years$2,050$1,507$1,089$776$547$172
29 years$1,958$1,422$1,014$712$494$148
30 years$1,873$1,343$944$653$446$127
31 years$1,793$1,269$880$600$403$109
32 years$1,718$1,201$821$551$365$94
33 years$1,648$1,137$767$507$330$80
34 years$1,582$1,078$716$466$299$69
35 years$1,520$1,022$670$429$271$59
36 years$1,461$970$627$395$245$51
37 years$1,406$922$586$364$222$44
38 years$1,354$876$549$336$202$38
39 years$1,305$833$515$310$183$32
40 years$1,258$792$482$286$166$28
41 years$1,213$754$452$264$150$24
42 years$1,171$718$424$243$136$21
43 years$1,131$684$398$224$124$18
44 years$1,093$652$374$207$112$15
45 years$1,057$622$351$191$102$13
46 years$1,022$593$330$177$93$11
47 years$989$566$310$163$84$10
48 years$957$541$291$151$76$8
49 years$927$516$273$140$69$7
50 years$898$493$257$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $920,000, adding $6,906 every year, while hoping to spend $35,043 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: 43/30/27 Blend
40$920,000$920,000$920,000$920,000
41$1,020,964$972,204$957,944$1,056,574
42$1,087,816$982,556$952,749$1,093,064
43$1,160,314$992,241$946,206$1,128,719
44$1,238,994$1,001,190$938,233$1,166,675
45$1,324,450$1,009,327$928,742$1,207,167
46$1,417,334$1,016,574$917,645$1,250,452
47$1,518,363$1,022,846$904,847$1,296,817
48$1,628,324$1,028,054$890,248$1,346,582
49$1,748,087$1,032,103$873,745$1,400,098
50$1,878,607$1,034,891$855,230$1,457,755
51$2,020,935$1,036,310$834,590$1,519,987
52$2,176,227$1,036,246$811,706$1,587,273
53$2,345,757$1,034,578$786,453$1,660,143
54$2,530,928$1,031,175$758,703$1,739,186
55$2,733,282$1,025,902$728,318$1,825,050
56$2,954,518$1,018,613$695,159$1,918,457
57$3,196,508$1,009,153$659,075$2,020,203
58$3,461,310$997,360$619,912$2,131,169
59$3,751,192$983,060$577,508$2,252,330
60$4,068,653$966,069$531,694$2,384,766
61$4,416,443$946,193$482,293$2,529,668
62$4,797,589$923,226$429,119$2,688,355
63$5,215,429$896,950$371,980$2,862,287
64$5,673,635$867,133$310,674$3,053,075
65$6,176,255$833,532$244,991$3,262,501
66$6,727,746$795,887$174,711$3,492,534
67$7,333,016$753,926$99,603$3,745,351
68$7,997,473$707,358$19,430$4,023,356
69$8,727,075$655,878$0$4,329,206
70$9,528,382$599,161$0$4,684,888
71$10,408,624$536,867$0$5,081,804
72$11,375,763$468,633$0$5,518,009
73$12,438,573$394,078$0$5,997,539
74$13,606,717$312,798$0$6,524,848
75$14,890,844$224,366$0$7,104,845
76$16,302,683$128,333$0$7,742,946
77$17,855,158$24,223$0$8,445,126
78$19,562,508$0$0$9,217,972
79$21,440,421$0$0$10,097,956
80$23,506,181$0$0$11,074,890
81$25,778,831$0$0$12,149,800
82$28,279,356$0$0$13,332,627
83$31,030,872$0$0$14,634,324
84$34,058,855$0$0$16,066,960
85$37,391,371$0$0$17,643,833
86$41,059,347$0$0$19,379,595
87$45,096,859$0$0$21,290,392
88$49,541,456$0$0$23,394,014
89$54,434,510$0$0$25,710,063
90$59,821,610$0$0$28,260,139
91$65,752,989$0$0$31,068,044
92$72,284,001$0$0$34,160,005
93$79,475,639$0$0$37,564,921
94$87,395,112$0$0$41,314,637
95$96,116,479$0$0$45,444,244
96$105,721,349$0$0$49,992,410
97$116,299,646$0$0$55,001,744
98$127,950,463$0$0$60,519,198
99$140,782,993$0$0$66,596,511
100$154,917,562$0$0$73,290,698