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%19.8%
1 years$78,450$77,751$77,070$76,404$75,754$72,777
2 years$38,837$38,113$37,412$36,733$36,073$33,111
3 years$25,634$24,908$24,208$23,535$22,887$20,031
4 years$19,034$18,310$17,617$16,956$16,323$13,597
5 years$15,075$14,355$13,672$13,024$12,408$9,818
6 years$12,436$11,722$11,049$10,415$9,818$7,366
7 years$10,552$9,844$9,182$8,563$7,985$5,670
8 years$9,140$8,438$7,787$7,183$6,624$4,444
9 years$8,042$7,347$6,707$6,118$5,579$3,529
10 years$7,165$6,476$5,847$5,274$4,753$2,831
11 years$6,447$5,765$5,148$4,590$4,088$2,289
12 years$5,849$5,175$4,568$4,026$3,543$1,862
13 years$5,344$4,676$4,082$3,554$3,089$1,522
14 years$4,911$4,251$3,667$3,155$2,708$1,248
15 years$4,536$3,883$3,311$2,814$2,384$1,027
16 years$4,209$3,563$3,002$2,520$2,107$848
17 years$3,920$3,281$2,732$2,264$1,868$701
18 years$3,664$3,032$2,494$2,040$1,661$580
19 years$3,435$2,810$2,283$1,843$1,481$481
20 years$3,229$2,611$2,095$1,670$1,323$399
21 years$3,043$2,432$1,927$1,515$1,184$332
22 years$2,874$2,270$1,776$1,378$1,061$276
23 years$2,720$2,123$1,640$1,255$952$230
24 years$2,579$1,989$1,517$1,144$856$191
25 years$2,449$1,867$1,405$1,045$770$159
26 years$2,330$1,755$1,303$956$694$133
27 years$2,220$1,651$1,210$875$626$111
28 years$2,117$1,556$1,125$801$564$92
29 years$2,022$1,468$1,047$735$510$77
30 years$1,934$1,386$975$674$461$64
31 years$1,851$1,311$909$619$416$53
32 years$1,774$1,240$848$569$377$45
33 years$1,701$1,174$792$523$341$37
34 years$1,633$1,113$740$482$309$31
35 years$1,569$1,056$692$443$280$26
36 years$1,509$1,002$647$408$253$22
37 years$1,452$952$606$376$230$18
38 years$1,398$904$567$347$208$15
39 years$1,347$860$531$320$189$13
40 years$1,299$818$498$295$171$10
41 years$1,253$779$467$272$155$9
42 years$1,209$742$438$251$141$7
43 years$1,168$707$411$232$128$6
44 years$1,129$674$386$214$116$5
45 years$1,091$642$362$198$105$4
46 years$1,055$613$340$183$96$4
47 years$1,021$585$320$169$87$3
48 years$989$558$300$156$79$2
49 years$957$533$282$144$72$2
50 years$928$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $950,000, adding $6,304 every year, while hoping to spend $30,749 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: 57/36/7 Blend
40$950,000$950,000$950,000$950,000
41$1,053,403$1,003,053$988,328$1,111,470
42$1,128,133$1,019,485$988,720$1,167,709
43$1,209,455$1,035,693$988,095$1,224,947
44$1,298,009$1,051,632$986,386$1,286,549
45$1,394,499$1,067,255$983,523$1,352,937
46$1,499,701$1,082,512$979,433$1,424,572
47$1,614,465$1,097,351$974,039$1,501,965
48$1,739,733$1,111,713$967,261$1,585,678
49$1,876,536$1,125,537$959,015$1,676,331
50$2,026,013$1,138,759$949,212$1,774,607
51$2,189,416$1,151,308$937,760$1,881,261
52$2,368,123$1,163,109$924,562$1,997,122
53$2,563,653$1,174,083$909,517$2,123,108
54$2,777,678$1,184,145$892,518$2,260,229
55$3,012,038$1,193,205$873,454$2,409,599
56$3,268,760$1,201,166$852,209$2,572,446
57$3,550,077$1,207,927$828,662$2,750,127
58$3,858,448$1,213,378$802,684$2,944,134
59$4,196,579$1,217,403$774,144$3,156,115
60$4,567,454$1,219,880$742,902$3,387,888
61$4,974,357$1,220,676$708,812$3,641,455
62$5,420,906$1,219,654$671,722$3,919,027
63$5,911,088$1,216,666$631,473$4,223,039
64$6,449,290$1,211,555$587,899$4,556,177
65$7,040,351$1,204,154$540,827$4,921,405
66$7,689,597$1,194,287$490,074$5,321,989
67$8,402,896$1,181,768$435,452$5,761,531
68$9,186,714$1,166,397$376,763$6,244,002
69$10,048,173$1,147,965$313,799$6,773,784
70$10,995,121$1,126,249$246,345$7,355,705
71$12,036,200$1,101,013$174,175$7,995,089
72$13,180,937$1,072,006$97,054$8,697,809
73$14,439,824$1,038,966$14,736$9,470,337
74$15,824,422$1,001,611$0$10,319,813
75$17,347,468$959,645$0$11,259,565
76$19,022,997$912,755$0$12,294,341
77$20,866,472$860,610$0$13,432,627
78$22,894,930$802,857$0$14,684,990
79$25,127,144$739,128$0$16,063,084
80$27,583,796$669,029$0$17,579,752
81$30,287,678$592,146$0$19,249,154
82$33,263,901$508,041$0$21,086,897
83$36,540,136$416,252$0$23,110,189
84$40,146,871$316,290$0$25,337,995
85$44,117,702$207,638$0$27,791,223
86$48,489,647$89,751$0$30,492,921
87$53,303,496$0$0$33,468,492
88$58,604,197$0$0$36,760,973
89$64,441,278$0$0$40,425,880
90$70,869,314$0$0$44,461,940
91$77,948,442$0$0$48,906,926
92$85,744,931$0$0$53,802,461
93$94,331,803$0$0$59,194,412
94$103,789,524$0$0$65,133,321
95$114,206,762$0$0$71,674,882
96$125,681,226$0$0$78,880,469
97$138,320,585$0$0$86,817,711
98$152,243,484$0$0$95,561,131
99$167,580,667$0$0$105,192,852
100$184,476,205$0$0$115,803,370