Can I retire at age 41 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$76,799$76,114$75,447$74,796$74,160$71,358
2 years$38,019$37,311$36,625$35,959$35,314$32,524
3 years$25,094$24,383$23,699$23,040$22,405$19,714
4 years$18,633$17,924$17,247$16,599$15,979$13,409
5 years$14,757$14,053$13,384$12,749$12,147$9,703
6 years$12,175$11,475$10,816$10,196$9,612$7,296
7 years$10,330$9,637$8,988$8,383$7,817$5,628
8 years$8,948$8,261$7,623$7,032$6,485$4,422
9 years$7,873$7,192$6,566$5,990$5,461$3,521
10 years$7,014$6,340$5,724$5,163$4,653$2,832
11 years$6,311$5,644$5,039$4,493$4,002$2,295
12 years$5,726$5,066$4,472$3,941$3,468$1,872
13 years$5,231$4,578$3,996$3,480$3,024$1,534
14 years$4,808$4,161$3,590$3,089$2,651$1,262
15 years$4,441$3,801$3,241$2,755$2,334$1,042
16 years$4,120$3,488$2,939$2,467$2,063$862
17 years$3,838$3,212$2,674$2,216$1,829$715
18 years$3,587$2,968$2,441$1,997$1,626$593
19 years$3,362$2,751$2,235$1,805$1,450$494
20 years$3,161$2,556$2,051$1,634$1,295$411
21 years$2,979$2,381$1,887$1,483$1,159$343
22 years$2,813$2,222$1,739$1,349$1,039$286
23 years$2,662$2,079$1,605$1,228$932$239
24 years$2,524$1,948$1,485$1,120$838$199
25 years$2,398$1,828$1,375$1,023$754$166
26 years$2,281$1,718$1,275$935$679$139
27 years$2,173$1,617$1,184$856$612$116
28 years$2,073$1,523$1,101$785$553$97
29 years$1,980$1,437$1,025$719$499$81
30 years$1,893$1,357$954$660$451$68
31 years$1,812$1,283$890$606$408$57
32 years$1,736$1,214$830$557$369$48
33 years$1,665$1,150$775$512$334$40
34 years$1,599$1,090$724$472$302$33
35 years$1,536$1,033$677$434$274$28
36 years$1,477$981$633$400$248$23
37 years$1,421$932$593$368$225$20
38 years$1,369$885$555$339$204$16
39 years$1,319$842$520$313$185$14
40 years$1,271$801$488$289$168$12
41 years$1,227$762$457$266$152$10
42 years$1,184$726$429$246$138$8
43 years$1,144$692$402$227$125$7
44 years$1,105$659$378$210$114$6
45 years$1,068$629$355$194$103$5
46 years$1,033$600$333$179$94$4
47 years$1,000$573$313$165$85$3
48 years$968$547$294$153$77$3
49 years$937$522$276$141$70$2
50 years$908$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $930,000, adding $5,505 every year, while hoping to spend $31,171 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: 65/23/12 Blend
40$930,000$930,000$930,000$930,000
41$1,030,538$981,248$966,833$1,094,364
42$1,102,488$996,164$966,057$1,152,573
43$1,180,731$1,010,765$964,209$1,211,997
44$1,265,877$1,025,005$961,222$1,276,141
45$1,358,597$1,038,831$957,023$1,345,462
46$1,459,628$1,052,187$951,537$1,420,466
47$1,569,781$1,065,015$944,685$1,501,710
48$1,689,950$1,077,252$936,383$1,589,809
49$1,821,118$1,088,830$926,545$1,685,441
50$1,964,366$1,099,678$915,079$1,789,351
51$2,120,887$1,109,718$901,890$1,902,363
52$2,291,993$1,118,868$886,878$2,025,384
53$2,479,126$1,127,043$869,938$2,159,416
54$2,683,877$1,134,149$850,962$2,305,560
55$2,907,998$1,140,087$829,834$2,465,033
56$3,153,415$1,144,753$806,434$2,639,177
57$3,422,252$1,148,034$780,639$2,829,469
58$3,716,847$1,149,813$752,315$3,037,539
59$4,039,774$1,149,963$721,327$3,265,185
60$4,393,870$1,148,350$687,530$3,514,388
61$4,782,258$1,144,832$650,776$3,787,332
62$5,208,379$1,139,259$610,907$4,086,427
63$5,676,021$1,131,470$567,759$4,414,327
64$6,189,358$1,121,296$521,163$4,773,961
65$6,752,989$1,108,556$470,939$5,168,556
66$7,371,979$1,093,060$416,900$5,601,671
67$8,051,906$1,074,606$358,851$6,077,231
68$8,798,918$1,052,978$296,590$6,599,561
69$9,619,785$1,027,951$229,903$7,173,430
70$10,521,966$999,284$158,568$7,804,096
71$11,513,681$966,723$82,354$8,497,356
72$12,603,982$929,998$1,019$9,259,600
73$13,802,845$888,825$0$10,097,875
74$15,121,259$842,902$0$11,030,929
75$16,571,334$791,910$0$12,057,194
76$18,166,408$735,512$0$13,186,016
77$19,921,182$673,352$0$14,427,836
78$21,851,849$605,053$0$15,794,163
79$23,976,253$530,216$0$17,297,682
80$26,314,056$448,422$0$18,952,376
81$28,886,919$359,224$0$20,773,653
82$31,718,712$262,153$0$22,778,498
83$34,835,736$156,715$0$24,985,630
84$38,266,971$42,383$0$27,415,680
85$42,044,348$0$0$30,091,389
86$46,203,054$0$0$33,058,418
87$50,781,858$0$0$36,337,055
88$55,823,482$0$0$39,947,174
89$61,375,001$0$0$43,922,492
90$67,488,286$0$0$48,300,166
91$74,220,498$0$0$53,121,135
92$81,634,619$0$0$58,430,516
93$89,800,056$0$0$64,278,021
94$98,793,286$0$0$70,718,430
95$108,698,585$0$0$77,812,109
96$119,608,818$0$0$85,625,575
97$131,626,319$0$0$94,232,129
98$144,863,854$0$0$103,712,543
99$159,445,684$0$0$114,155,825
100$175,508,740$0$0$125,660,056