Can I retire at age 41 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$78,450$77,751$77,070$76,404$75,754$74,134
2 years$38,837$38,113$37,412$36,733$36,073$34,449
3 years$25,634$24,908$24,208$23,535$22,887$21,308
4 years$19,034$18,310$17,617$16,956$16,323$14,803
5 years$15,075$14,355$13,672$13,024$12,408$10,952
6 years$12,436$11,722$11,049$10,415$9,818$8,426
7 years$10,552$9,844$9,182$8,563$7,985$6,658
8 years$9,140$8,438$7,787$7,183$6,624$5,361
9 years$8,042$7,347$6,707$6,118$5,579$4,379
10 years$7,165$6,476$5,847$5,274$4,753$3,616
11 years$6,447$5,765$5,148$4,590$4,088$3,011
12 years$5,849$5,175$4,568$4,026$3,543$2,525
13 years$5,344$4,676$4,082$3,554$3,089$2,129
14 years$4,911$4,251$3,667$3,155$2,708$1,803
15 years$4,536$3,883$3,311$2,814$2,384$1,533
16 years$4,209$3,563$3,002$2,520$2,107$1,307
17 years$3,920$3,281$2,732$2,264$1,868$1,117
18 years$3,664$3,032$2,494$2,040$1,661$957
19 years$3,435$2,810$2,283$1,843$1,481$822
20 years$3,229$2,611$2,095$1,670$1,323$707
21 years$3,043$2,432$1,927$1,515$1,184$608
22 years$2,874$2,270$1,776$1,378$1,061$524
23 years$2,720$2,123$1,640$1,255$952$452
24 years$2,579$1,989$1,517$1,144$856$391
25 years$2,449$1,867$1,405$1,045$770$338
26 years$2,330$1,755$1,303$956$694$292
27 years$2,220$1,651$1,210$875$626$253
28 years$2,117$1,556$1,125$801$564$219
29 years$2,022$1,468$1,047$735$510$189
30 years$1,934$1,386$975$674$461$164
31 years$1,851$1,311$909$619$416$142
32 years$1,774$1,240$848$569$377$123
33 years$1,701$1,174$792$523$341$107
34 years$1,633$1,113$740$482$309$92
35 years$1,569$1,056$692$443$280$80
36 years$1,509$1,002$647$408$253$70
37 years$1,452$952$606$376$230$60
38 years$1,398$904$567$347$208$52
39 years$1,347$860$531$320$189$45
40 years$1,299$818$498$295$171$39
41 years$1,253$779$467$272$155$34
42 years$1,209$742$438$251$141$30
43 years$1,168$707$411$232$128$26
44 years$1,129$674$386$214$116$22
45 years$1,091$642$362$198$105$19
46 years$1,055$613$340$183$96$17
47 years$1,021$585$320$169$87$15
48 years$989$558$300$156$79$13
49 years$957$533$282$144$72$11
50 years$928$509$265$133$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $950,000, adding $6,327 every year, while hoping to spend $56,054 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: 88/6/6 Blend
40$950,000$950,000$950,000$950,000
41$1,053,426$1,003,076$988,351$1,145,374
42$1,101,235$992,586$961,820$1,195,698
43$1,152,041$979,703$932,521$1,242,518
44$1,206,092$964,251$900,303$1,292,147
45$1,263,656$946,043$865,007$1,344,826
46$1,325,031$924,880$826,466$1,400,818
47$1,390,539$900,554$784,508$1,460,413
48$1,460,535$872,842$738,950$1,523,931
49$1,535,408$841,510$689,602$1,591,722
50$1,615,583$806,308$636,268$1,664,171
51$1,701,528$766,973$578,739$1,741,702
52$1,793,757$723,227$516,799$1,824,783
53$1,892,831$674,776$450,223$1,913,925
54$1,999,368$621,308$378,773$2,009,695
55$2,114,046$562,494$302,205$2,112,714
56$2,237,609$497,987$220,259$2,223,665
57$2,370,876$427,419$132,669$2,343,304
58$2,514,744$350,402$39,152$2,472,458
59$2,670,201$266,525$0$2,612,043
60$2,838,332$175,355$0$2,766,946
61$3,020,329$76,435$0$2,937,321
62$3,217,503$0$0$3,121,899
63$3,431,296$0$0$3,324,074
64$3,663,292$0$0$3,548,946
65$3,915,234$0$0$3,793,157
66$4,189,041$0$0$4,058,568
67$4,486,822$0$0$4,347,224
68$4,810,896$0$0$4,661,375
69$5,163,819$0$0$5,003,498
70$5,548,399$0$0$5,376,318
71$5,967,729$0$0$5,782,832
72$6,425,213$0$0$6,226,342
73$6,924,597$0$0$6,710,480
74$7,470,004$0$0$7,239,246
75$8,065,975$0$0$7,817,041
76$8,717,506$0$0$8,448,712
77$9,430,101$0$0$9,139,595
78$10,209,818$0$0$9,895,565
79$11,063,328$0$0$10,723,091
80$11,997,977$0$0$11,629,298
81$13,021,856$0$0$12,622,030
82$14,143,873$0$0$13,709,927
83$15,373,841$0$0$14,902,503
84$16,722,564$0$0$16,210,239
85$18,201,946$0$0$17,644,675
86$19,825,096$0$0$19,218,526
87$21,606,454$0$0$20,945,793
88$23,561,924$0$0$22,841,901
89$25,709,029$0$0$24,923,840
90$28,067,067$0$0$27,210,327
91$30,657,301$0$0$29,721,981
92$33,503,151$0$0$32,481,513
93$36,630,421$0$0$35,513,946
94$40,067,535$0$0$38,846,845
95$43,845,810$0$0$42,510,581
96$47,999,749$0$0$46,538,610
97$52,567,361$0$0$50,967,794
98$57,590,527$0$0$55,838,747
99$63,115,386$0$0$61,196,211
100$69,192,775$0$0$67,089,488