Can I retire at age 41 with 930,000?

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 $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%15.8%
1 years$76,799$76,114$75,447$74,796$74,160$72,396
2 years$38,019$37,311$36,625$35,959$35,314$33,548
3 years$25,094$24,383$23,699$23,040$22,405$20,691
4 years$18,633$17,924$17,247$16,599$15,979$14,331
5 years$14,757$14,053$13,384$12,749$12,147$10,569
6 years$12,175$11,475$10,816$10,196$9,612$8,105
7 years$10,330$9,637$8,988$8,383$7,817$6,382
8 years$8,948$8,261$7,623$7,032$6,485$5,121
9 years$7,873$7,192$6,566$5,990$5,461$4,168
10 years$7,014$6,340$5,724$5,163$4,653$3,429
11 years$6,311$5,644$5,039$4,493$4,002$2,845
12 years$5,726$5,066$4,472$3,941$3,468$2,376
13 years$5,231$4,578$3,996$3,480$3,024$1,995
14 years$4,808$4,161$3,590$3,089$2,651$1,683
15 years$4,441$3,801$3,241$2,755$2,334$1,425
16 years$4,120$3,488$2,939$2,467$2,063$1,210
17 years$3,838$3,212$2,674$2,216$1,829$1,030
18 years$3,587$2,968$2,441$1,997$1,626$879
19 years$3,362$2,751$2,235$1,805$1,450$751
20 years$3,161$2,556$2,051$1,634$1,295$643
21 years$2,979$2,381$1,887$1,483$1,159$551
22 years$2,813$2,222$1,739$1,349$1,039$472
23 years$2,662$2,079$1,605$1,228$932$406
24 years$2,524$1,948$1,485$1,120$838$349
25 years$2,398$1,828$1,375$1,023$754$300
26 years$2,281$1,718$1,275$935$679$258
27 years$2,173$1,617$1,184$856$612$222
28 years$2,073$1,523$1,101$785$553$191
29 years$1,980$1,437$1,025$719$499$165
30 years$1,893$1,357$954$660$451$142
31 years$1,812$1,283$890$606$408$122
32 years$1,736$1,214$830$557$369$106
33 years$1,665$1,150$775$512$334$91
34 years$1,599$1,090$724$472$302$79
35 years$1,536$1,033$677$434$274$68
36 years$1,477$981$633$400$248$58
37 years$1,421$932$593$368$225$50
38 years$1,369$885$555$339$204$44
39 years$1,319$842$520$313$185$38
40 years$1,271$801$488$289$168$32
41 years$1,227$762$457$266$152$28
42 years$1,184$726$429$246$138$24
43 years$1,144$692$402$227$125$21
44 years$1,105$659$378$210$114$18
45 years$1,068$629$355$194$103$16
46 years$1,033$600$333$179$94$13
47 years$1,000$573$313$165$85$12
48 years$968$547$294$153$77$10
49 years$937$522$276$141$70$9
50 years$908$499$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $930,000, adding $3,307 every year, while hoping to spend $39,008 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: 55/31/14 Blend
40$930,000$930,000$930,000$930,000
41$1,028,271$978,981$964,566$1,080,894
42$1,091,651$985,447$955,375$1,123,494
43$1,160,187$990,922$944,568$1,165,350
44$1,234,366$995,317$932,051$1,210,030
45$1,314,721$998,537$917,724$1,257,813
46$1,401,836$1,000,479$901,481$1,309,004
47$1,496,357$1,001,036$883,215$1,363,944
48$1,598,993$1,000,094$862,810$1,423,009
49$1,710,522$997,531$840,146$1,486,614
50$1,831,804$993,218$815,099$1,555,219
51$1,963,780$987,019$787,538$1,629,333
52$2,107,490$978,787$757,324$1,709,519
53$2,264,075$968,369$724,316$1,796,397
54$2,434,793$955,601$688,363$1,890,655
55$2,621,028$940,311$649,309$1,993,053
56$2,824,302$922,315$606,990$2,104,431
57$3,046,291$901,420$561,235$2,225,716
58$3,288,842$877,418$511,865$2,357,936
59$3,553,986$850,093$458,694$2,502,224
60$3,843,959$819,214$401,527$2,659,832
61$4,161,224$784,538$340,160$2,832,144
62$4,508,494$745,805$274,380$3,020,690
63$4,888,754$702,743$203,966$3,227,159
64$5,305,294$655,064$128,685$3,453,417
65$5,761,733$602,462$48,296$3,701,525
66$6,262,062$544,615$0$3,973,758
67$6,810,672$481,180$0$4,278,231
68$7,412,401$411,799$0$4,620,182
69$8,072,579$336,090$0$4,995,495
70$8,797,074$253,650$0$5,407,595
71$9,592,352$164,056$0$5,860,264
72$10,465,535$66,857$0$6,357,671
73$11,424,467$0$0$6,904,418
74$12,477,791$0$0$7,518,684
75$13,635,028$0$0$8,218,695
76$14,906,663$0$0$8,988,001
77$16,304,254$0$0$9,833,602
78$17,840,527$0$0$10,763,212
79$19,529,507$0$0$11,785,330
80$21,386,644$0$0$12,909,319
81$23,428,961$0$0$14,145,494
82$25,675,212$0$0$15,505,220
83$28,146,060$0$0$17,001,020
84$30,864,272$0$0$18,646,692
85$33,854,932$0$0$20,457,437
86$37,145,678$0$0$22,450,004
87$40,766,963$0$0$24,642,848
88$44,752,340$0$0$27,056,306
89$49,138,781$0$0$29,712,783
90$53,967,022$0$0$32,636,968
91$59,281,951$0$0$35,856,065
92$65,133,026$0$0$39,400,048
93$71,574,748$0$0$43,301,947
94$78,667,167$0$0$47,598,157
95$86,476,454$0$0$52,328,783
96$95,075,523$0$0$57,538,014
97$104,544,719$0$0$63,274,545
98$114,972,575$0$0$69,592,033
99$126,456,648$0$0$76,549,605
100$139,104,437$0$0$84,212,414