Can I retire at age 41 with 940,000?

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 $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%13.5%
1 years$77,624$76,933$76,258$75,600$74,957$73,867
2 years$38,428$37,712$37,019$36,346$35,694$34,598
3 years$25,364$24,645$23,953$23,287$22,646$21,578
4 years$18,834$18,117$17,432$16,777$16,151$15,120
5 years$14,916$14,204$13,528$12,886$12,278$11,286
6 years$12,305$11,599$10,933$10,305$9,715$8,764
7 years$10,441$9,740$9,085$8,473$7,901$6,991
8 years$9,044$8,349$7,705$7,108$6,555$5,685
9 years$7,958$7,270$6,636$6,054$5,520$4,691
10 years$7,089$6,408$5,786$5,219$4,703$3,914
11 years$6,379$5,704$5,094$4,542$4,045$3,295
12 years$5,788$5,120$4,520$3,984$3,505$2,793
13 years$5,288$4,627$4,039$3,517$3,057$2,381
14 years$4,859$4,206$3,629$3,122$2,679$2,040
15 years$4,489$3,842$3,276$2,784$2,359$1,755
16 years$4,165$3,525$2,970$2,493$2,085$1,514
17 years$3,879$3,246$2,703$2,240$1,849$1,311
18 years$3,625$3,000$2,467$2,019$1,644$1,137
19 years$3,399$2,780$2,259$1,824$1,465$988
20 years$3,195$2,584$2,073$1,652$1,309$861
21 years$3,011$2,406$1,907$1,499$1,171$751
22 years$2,843$2,246$1,757$1,363$1,050$655
23 years$2,691$2,101$1,623$1,242$942$573
24 years$2,552$1,968$1,501$1,132$847$501
25 years$2,423$1,847$1,390$1,034$762$439
26 years$2,305$1,736$1,289$946$687$385
27 years$2,196$1,634$1,197$865$619$338
28 years$2,095$1,540$1,113$793$559$296
29 years$2,001$1,452$1,036$727$504$260
30 years$1,913$1,372$965$667$456$228
31 years$1,832$1,297$899$613$412$201
32 years$1,755$1,227$839$563$373$176
33 years$1,683$1,162$783$518$337$155
34 years$1,616$1,101$732$477$305$136
35 years$1,553$1,045$684$439$277$120
36 years$1,493$991$640$404$251$106
37 years$1,437$942$599$372$227$93
38 years$1,383$895$561$343$206$82
39 years$1,333$851$526$316$187$72
40 years$1,285$810$493$292$169$63
41 years$1,240$771$462$269$154$56
42 years$1,197$734$433$248$139$49
43 years$1,156$699$407$229$127$43
44 years$1,117$667$382$212$115$38
45 years$1,080$636$358$196$104$34
46 years$1,044$606$337$181$95$30
47 years$1,011$579$316$167$86$26
48 years$978$552$297$154$78$23
49 years$947$528$279$143$71$20
50 years$918$504$263$132$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $940,000, adding $4,942 every year, while hoping to spend $52,233 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: 42/35/23 Blend
40$940,000$940,000$940,000$940,000
41$1,040,978$991,158$976,588$1,077,504
42$1,091,582$984,149$953,728$1,097,026
43$1,145,597$975,046$928,352$1,112,771
44$1,203,316$963,691$900,319$1,128,775
45$1,265,060$949,918$869,486$1,145,093
46$1,331,180$933,548$835,697$1,161,784
47$1,402,063$914,394$798,796$1,178,921
48$1,478,131$892,257$758,613$1,196,588
49$1,559,850$866,927$714,976$1,214,881
50$1,647,728$838,181$667,702$1,233,910
51$1,742,327$805,782$616,601$1,253,804
52$1,844,261$769,482$561,473$1,274,708
53$1,954,205$729,016$502,111$1,296,788
54$2,072,900$684,104$438,299$1,320,234
55$2,201,163$634,452$369,809$1,345,261
56$2,339,889$579,747$296,404$1,372,113
57$2,490,062$519,659$217,838$1,401,065
58$2,652,765$453,839$133,852$1,432,429
59$2,829,188$381,918$44,178$1,466,558
60$3,020,640$303,508$0$1,503,847
61$3,228,562$218,195$0$1,557,386
62$3,454,535$125,547$0$1,627,423
63$3,700,302$25,104$0$1,703,743
64$3,967,780$0$0$1,787,054
65$4,259,078$0$0$1,910,349
66$4,576,515$0$0$2,055,352
67$4,922,645$0$0$2,213,576
68$5,300,279$0$0$2,386,318
69$5,712,511$0$0$2,575,009
70$6,162,747$0$0$2,781,224
71$6,654,734$0$0$3,006,694
72$7,192,601$0$0$3,253,329
73$7,780,891$0$0$3,523,229
74$8,424,609$0$0$3,818,708
75$9,129,262$0$0$4,142,313
76$9,900,919$0$0$4,496,849
77$10,746,260$0$0$4,885,407
78$11,672,641$0$0$5,311,390
79$12,688,167$0$0$5,778,544
80$13,801,762$0$0$6,290,997
81$15,023,254$0$0$6,853,297
82$16,363,470$0$0$7,470,450
83$17,834,336$0$0$8,147,975
84$19,448,986$0$0$8,891,946
85$21,221,891$0$0$9,709,057
86$23,168,989$0$0$10,606,683
87$25,307,838$0$0$11,592,948
88$27,657,781$0$0$12,676,799
89$30,240,128$0$0$13,868,096
90$33,078,354$0$0$15,177,701
91$36,198,322$0$0$16,617,579
92$39,628,524$0$0$18,200,916
93$43,400,354$0$0$19,942,236
94$47,548,396$0$0$21,857,542
95$52,110,756$0$0$23,964,468
96$57,129,418$0$0$26,282,440
97$62,650,640$0$0$28,832,863
98$68,725,388$0$0$31,639,322
99$75,409,819$0$0$34,727,803
100$82,765,806$0$0$38,126,940