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%14.4%
1 years$76,799$76,114$75,447$74,796$74,160$72,811
2 years$38,019$37,311$36,625$35,959$35,314$33,960
3 years$25,094$24,383$23,699$23,040$22,405$21,088
4 years$18,633$17,924$17,247$16,599$15,979$14,710
5 years$14,757$14,053$13,384$12,749$12,147$10,928
6 years$12,175$11,475$10,816$10,196$9,612$8,445
7 years$10,330$9,637$8,988$8,383$7,817$6,702
8 years$8,948$8,261$7,623$7,032$6,485$5,422
9 years$7,873$7,192$6,566$5,990$5,461$4,450
10 years$7,014$6,340$5,724$5,163$4,653$3,693
11 years$6,311$5,644$5,039$4,493$4,002$3,091
12 years$5,726$5,066$4,472$3,941$3,468$2,605
13 years$5,231$4,578$3,996$3,480$3,024$2,208
14 years$4,808$4,161$3,590$3,089$2,651$1,880
15 years$4,441$3,801$3,241$2,755$2,334$1,607
16 years$4,120$3,488$2,939$2,467$2,063$1,378
17 years$3,838$3,212$2,674$2,216$1,829$1,185
18 years$3,587$2,968$2,441$1,997$1,626$1,022
19 years$3,362$2,751$2,235$1,805$1,450$882
20 years$3,161$2,556$2,051$1,634$1,295$763
21 years$2,979$2,381$1,887$1,483$1,159$661
22 years$2,813$2,222$1,739$1,349$1,039$573
23 years$2,662$2,079$1,605$1,228$932$498
24 years$2,524$1,948$1,485$1,120$838$432
25 years$2,398$1,828$1,375$1,023$754$376
26 years$2,281$1,718$1,275$935$679$327
27 years$2,173$1,617$1,184$856$612$285
28 years$2,073$1,523$1,101$785$553$248
29 years$1,980$1,437$1,025$719$499$216
30 years$1,893$1,357$954$660$451$189
31 years$1,812$1,283$890$606$408$164
32 years$1,736$1,214$830$557$369$143
33 years$1,665$1,150$775$512$334$125
34 years$1,599$1,090$724$472$302$109
35 years$1,536$1,033$677$434$274$95
36 years$1,477$981$633$400$248$83
37 years$1,421$932$593$368$225$73
38 years$1,369$885$555$339$204$64
39 years$1,319$842$520$313$185$55
40 years$1,271$801$488$289$168$48
41 years$1,227$762$457$266$152$42
42 years$1,184$726$429$246$138$37
43 years$1,144$692$402$227$125$32
44 years$1,105$659$378$210$114$28
45 years$1,068$629$355$194$103$25
46 years$1,033$600$333$179$94$22
47 years$1,000$573$313$165$85$19
48 years$968$547$294$153$77$16
49 years$937$522$276$141$70$14
50 years$908$499$260$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $930,000, adding $6,949 every year, while hoping to spend $20,472 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: 72/9/19 Blend
40$930,000$930,000$930,000$930,000
41$1,032,028$982,738$968,323$1,101,174
42$1,115,513$1,009,110$978,980$1,174,434
43$1,206,827$1,036,088$989,307$1,251,519
44$1,306,747$1,063,681$999,273$1,335,422
45$1,416,129$1,091,895$1,008,843$1,426,814
46$1,535,916$1,120,739$1,017,980$1,526,438
47$1,667,143$1,150,219$1,026,647$1,635,110
48$1,810,955$1,180,343$1,034,802$1,753,729
49$1,968,609$1,211,116$1,042,405$1,883,285
50$2,141,491$1,242,545$1,049,409$2,024,871
51$2,331,128$1,274,634$1,055,769$2,179,689
52$2,539,200$1,307,389$1,061,435$2,349,064
53$2,767,561$1,340,813$1,066,355$2,534,455
54$3,018,249$1,374,910$1,070,475$2,737,470
55$3,293,512$1,409,682$1,073,737$2,959,882
56$3,595,824$1,445,131$1,076,082$3,203,642
57$3,927,914$1,481,258$1,077,446$3,470,903
58$4,292,784$1,518,062$1,077,763$3,764,035
59$4,693,744$1,555,543$1,076,964$4,085,649
60$5,134,439$1,593,698$1,074,976$4,438,624
61$5,618,886$1,632,523$1,071,722$4,826,131
62$6,151,510$1,672,014$1,067,122$5,251,665
63$6,737,185$1,712,165$1,061,092$5,719,077
64$7,381,284$1,752,966$1,053,544$6,232,612
65$8,089,722$1,794,410$1,044,386$6,796,944
66$8,869,022$1,836,483$1,033,521$7,417,228
67$9,726,366$1,879,175$1,020,847$8,099,142
68$10,669,668$1,922,468$1,006,259$8,848,945
69$11,707,652$1,966,346$989,645$9,673,531
70$12,849,924$2,010,788$970,890$10,580,502
71$14,107,072$2,055,773$949,872$11,578,232
72$15,490,764$2,101,276$926,462$12,675,949
73$17,013,852$2,147,269$900,529$13,883,824
74$18,690,500$2,193,721$871,932$15,213,065
75$20,536,316$2,240,597$840,526$16,676,024
76$22,568,495$2,287,862$806,159$18,286,311
77$24,805,987$2,335,473$768,671$20,058,926
78$27,269,672$2,383,385$727,896$22,010,400
79$29,982,557$2,431,549$683,659$24,158,948
80$32,969,995$2,479,912$635,778$26,524,647
81$36,259,921$2,528,415$584,064$29,129,618
82$39,883,121$2,576,995$528,317$31,998,243
83$43,873,514$2,625,582$468,331$35,157,388
84$48,268,480$2,674,104$403,888$38,636,663
85$53,109,209$2,722,479$334,762$42,468,697
86$58,441,089$2,770,620$260,717$46,689,447
87$64,314,134$2,818,435$181,505$51,338,542
88$70,783,460$2,865,822$96,869$56,459,652
89$77,909,799$2,912,674$6,541$62,100,901
90$85,760,078$2,958,874$0$68,315,326
91$94,408,044$3,004,298$0$75,179,588
92$103,934,967$3,048,810$0$82,742,481
93$114,430,401$3,092,270$0$91,073,718
94$125,993,033$3,134,521$0$100,251,587
95$138,731,610$3,175,401$0$110,362,358
96$152,765,973$3,214,734$0$121,501,098
97$168,228,178$3,252,332$0$133,772,569
98$185,263,750$3,287,995$0$147,292,217
99$204,033,055$3,321,508$0$162,187,260
100$224,712,809$3,352,644$0$178,597,893