Can I retire at age 41 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$77,624$76,933$76,258$75,600$74,957$72,791
2 years$38,428$37,712$37,019$36,346$35,694$33,529
3 years$25,364$24,645$23,953$23,287$22,646$20,549
4 years$18,834$18,117$17,432$16,777$16,151$14,140
5 years$14,916$14,204$13,528$12,886$12,278$10,357
6 years$12,305$11,599$10,933$10,305$9,715$7,886
7 years$10,441$9,740$9,085$8,473$7,901$6,164
8 years$9,044$8,349$7,705$7,108$6,555$4,909
9 years$7,958$7,270$6,636$6,054$5,520$3,964
10 years$7,089$6,408$5,786$5,219$4,703$3,235
11 years$6,379$5,704$5,094$4,542$4,045$2,661
12 years$5,788$5,120$4,520$3,984$3,505$2,204
13 years$5,288$4,627$4,039$3,517$3,057$1,835
14 years$4,859$4,206$3,629$3,122$2,679$1,534
15 years$4,489$3,842$3,276$2,784$2,359$1,287
16 years$4,165$3,525$2,970$2,493$2,085$1,082
17 years$3,879$3,246$2,703$2,240$1,849$913
18 years$3,625$3,000$2,467$2,019$1,644$771
19 years$3,399$2,780$2,259$1,824$1,465$653
20 years$3,195$2,584$2,073$1,652$1,309$553
21 years$3,011$2,406$1,907$1,499$1,171$469
22 years$2,843$2,246$1,757$1,363$1,050$399
23 years$2,691$2,101$1,623$1,242$942$339
24 years$2,552$1,968$1,501$1,132$847$288
25 years$2,423$1,847$1,390$1,034$762$245
26 years$2,305$1,736$1,289$946$687$209
27 years$2,196$1,634$1,197$865$619$178
28 years$2,095$1,540$1,113$793$559$152
29 years$2,001$1,452$1,036$727$504$129
30 years$1,913$1,372$965$667$456$110
31 years$1,832$1,297$899$613$412$94
32 years$1,755$1,227$839$563$373$80
33 years$1,683$1,162$783$518$337$68
34 years$1,616$1,101$732$477$305$58
35 years$1,553$1,045$684$439$277$50
36 years$1,493$991$640$404$251$43
37 years$1,437$942$599$372$227$36
38 years$1,383$895$561$343$206$31
39 years$1,333$851$526$316$187$26
40 years$1,285$810$493$292$169$23
41 years$1,240$771$462$269$154$19
42 years$1,197$734$433$248$139$16
43 years$1,156$699$407$229$127$14
44 years$1,117$667$382$212$115$12
45 years$1,080$636$358$196$104$10
46 years$1,044$606$337$181$95$9
47 years$1,011$579$316$167$86$7
48 years$978$552$297$154$78$6
49 years$947$528$279$143$71$5
50 years$918$504$263$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $940,000, adding $5,115 every year, while hoping to spend $25,957 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: 42/33/25 Blend
40$940,000$940,000$940,000$940,000
41$1,041,156$991,336$976,766$1,077,076
42$1,119,736$1,012,294$981,870$1,124,236
43$1,205,461$1,033,408$986,274$1,172,419
44$1,299,033$1,054,660$989,929$1,224,089
45$1,401,223$1,076,027$992,781$1,279,582
46$1,512,882$1,097,486$994,773$1,339,270
47$1,634,945$1,119,012$995,847$1,403,562
48$1,768,443$1,140,577$995,942$1,472,908
49$1,914,510$1,162,151$994,991$1,547,807
50$2,074,394$1,183,701$992,928$1,628,807
51$2,249,472$1,205,192$989,681$1,716,516
52$2,441,258$1,226,586$985,175$1,811,601
53$2,651,419$1,247,842$979,331$1,914,801
54$2,881,794$1,268,916$972,068$2,026,928
55$3,134,404$1,289,760$963,300$2,148,882
56$3,411,479$1,310,324$952,936$2,281,651
57$3,715,472$1,330,552$940,882$2,426,330
58$4,049,087$1,350,386$927,038$2,584,123
59$4,415,302$1,369,764$911,302$2,756,360
60$4,817,397$1,388,616$893,565$2,944,509
61$5,258,986$1,406,872$873,714$3,150,187
62$5,744,048$1,424,455$851,629$3,375,179
63$6,276,969$1,441,281$827,186$3,621,454
64$6,862,579$1,457,263$800,256$3,891,185
65$7,506,200$1,472,307$770,703$4,186,766
66$8,213,695$1,486,313$738,384$4,510,841
67$8,991,524$1,499,174$703,151$4,866,323
68$9,846,802$1,510,775$664,849$5,256,427
69$10,787,369$1,520,997$623,316$5,684,698
70$11,821,865$1,529,710$578,381$6,155,046
71$12,959,806$1,536,777$529,867$6,671,782
72$14,211,678$1,542,051$477,590$7,239,661
73$15,589,036$1,545,378$421,356$7,863,928
74$17,104,609$1,546,593$360,962$8,550,366
75$18,772,423$1,545,520$296,199$9,305,350
76$20,607,933$1,541,973$226,844$10,135,914
77$22,628,168$1,535,756$152,669$11,049,810
78$24,851,891$1,526,658$73,434$12,055,590
79$27,299,777$1,514,457$0$13,162,680
80$29,994,606$1,498,918$0$14,384,443
81$32,961,481$1,479,790$0$15,750,470
82$36,228,062$1,456,808$0$17,253,862
83$39,824,825$1,429,693$0$18,908,626
84$43,785,355$1,398,146$0$20,730,205
85$48,146,660$1,361,853$0$22,735,617
86$52,949,515$1,320,481$0$24,943,618
87$58,238,857$1,273,676$0$27,374,884
88$64,064,200$1,221,065$0$30,052,202
89$70,480,104$1,162,253$0$33,000,688
90$77,546,693$1,096,822$0$36,248,024
91$85,330,219$1,024,329$0$39,824,721
92$93,903,688$944,308$0$43,764,405
93$103,347,550$856,265$0$48,104,140
94$113,750,454$759,676$0$52,884,776
95$125,210,090$653,990$0$58,151,336
96$137,834,108$538,624$0$63,953,440
97$151,741,132$412,962$0$70,345,779
98$167,061,883$276,352$0$77,388,631
99$183,940,409$128,108$0$85,148,427
100$202,535,449$0$0$93,698,385