Can I retire at age 41 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$79,276$78,570$77,881$77,208$76,552$74,400
2 years$39,245$38,515$37,806$37,119$36,453$34,301
3 years$25,904$25,170$24,463$23,783$23,127$21,043
4 years$19,234$18,502$17,803$17,134$16,495$14,494
5 years$15,234$14,506$13,816$13,161$12,539$10,628
6 years$12,567$11,845$11,165$10,525$9,922$8,101
7 years$10,664$9,948$9,278$8,653$8,069$6,340
8 years$9,236$8,527$7,869$7,259$6,694$5,055
9 years$8,127$7,424$6,777$6,183$5,637$4,086
10 years$7,240$6,544$5,909$5,330$4,803$3,339
11 years$6,515$5,826$5,202$4,638$4,131$2,751
12 years$5,911$5,229$4,617$4,068$3,580$2,281
13 years$5,400$4,725$4,125$3,592$3,122$1,901
14 years$4,963$4,295$3,706$3,188$2,736$1,592
15 years$4,584$3,924$3,346$2,844$2,409$1,337
16 years$4,253$3,600$3,034$2,546$2,129$1,126
17 years$3,961$3,316$2,760$2,288$1,888$951
18 years$3,702$3,064$2,520$2,062$1,679$805
19 years$3,471$2,839$2,307$1,863$1,496$682
20 years$3,263$2,639$2,117$1,687$1,337$579
21 years$3,075$2,458$1,947$1,531$1,196$492
22 years$2,904$2,294$1,795$1,392$1,072$419
23 years$2,748$2,146$1,657$1,268$962$356
24 years$2,606$2,010$1,533$1,156$865$304
25 years$2,475$1,887$1,420$1,056$778$259
26 years$2,354$1,773$1,317$966$701$221
27 years$2,243$1,669$1,223$884$632$188
28 years$2,140$1,572$1,136$810$570$161
29 years$2,044$1,483$1,058$743$515$137
30 years$1,954$1,401$985$682$465$117
31 years$1,871$1,324$918$626$421$100
32 years$1,792$1,253$857$575$381$86
33 years$1,719$1,187$800$529$344$73
34 years$1,650$1,125$748$487$312$63
35 years$1,586$1,067$699$448$282$53
36 years$1,525$1,013$654$413$256$46
37 years$1,467$962$612$380$232$39
38 years$1,413$914$573$350$210$33
39 years$1,361$869$537$323$191$29
40 years$1,312$827$503$298$173$24
41 years$1,266$787$472$275$157$21
42 years$1,222$750$443$254$142$18
43 years$1,180$714$415$234$129$15
44 years$1,141$681$390$216$117$13
45 years$1,103$649$366$200$106$11
46 years$1,067$619$344$185$97$10
47 years$1,032$591$323$170$88$8
48 years$999$564$304$158$80$7
49 years$967$539$285$146$72$6
50 years$937$515$268$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $960,000, adding $6,653 every year, while hoping to spend $48,355 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: 44/38/18 Blend
40$960,000$960,000$960,000$960,000
41$1,064,783$1,013,903$999,023$1,105,825
42$1,121,941$1,012,134$981,040$1,133,544
43$1,183,309$1,008,659$960,835$1,158,269
44$1,249,265$1,003,342$938,282$1,184,050
45$1,320,224$996,039$913,248$1,211,009
46$1,396,642$986,600$885,597$1,239,280
47$1,479,020$974,864$855,185$1,269,015
48$1,567,908$960,661$821,862$1,300,386
49$1,663,910$943,809$785,470$1,333,584
50$1,767,692$924,118$745,846$1,368,825
51$1,879,981$901,385$702,817$1,406,350
52$2,001,582$875,396$656,204$1,446,429
53$2,133,377$845,923$605,820$1,489,366
54$2,276,334$812,727$551,468$1,535,498
55$2,431,522$775,552$492,944$1,585,203
56$2,600,114$734,131$430,034$1,638,904
57$2,783,401$688,178$362,515$1,697,072
58$2,982,801$637,392$290,153$1,760,231
59$3,199,879$581,457$212,705$1,828,968
60$3,436,353$520,034$129,917$1,903,935
61$3,694,115$452,770$41,523$1,985,859
62$3,975,247$379,288$0$2,075,548
63$4,282,041$299,192$0$2,184,044
64$4,617,020$212,063$0$2,311,375
65$4,982,960$117,459$0$2,450,727
66$5,382,919$14,911$0$2,603,396
67$5,820,262$0$0$2,770,817
68$6,298,695$0$0$2,994,752
69$6,822,298$0$0$3,246,767
70$7,395,565$0$0$3,522,804
71$8,023,442$0$0$3,825,260
72$8,711,380$0$0$4,156,774
73$9,465,377$0$0$4,520,256
74$10,292,044$0$0$4,918,907
75$11,198,658$0$0$5,356,254
76$12,193,237$0$0$5,836,182
77$13,284,611$0$0$6,362,971
78$14,482,507$0$0$6,941,335
79$15,797,638$0$0$7,576,466
80$17,241,807$0$0$8,274,084
81$18,828,015$0$0$9,040,492
82$20,570,583$0$0$9,882,630
83$22,485,290$0$0$10,808,147
84$24,589,517$0$0$11,825,467
85$26,902,414$0$0$12,943,873
86$29,445,075$0$0$14,173,591
87$32,240,745$0$0$15,525,887
88$35,315,029$0$0$17,013,176
89$38,696,141$0$0$18,649,133
90$42,415,164$0$0$20,448,826
91$46,506,346$0$0$22,428,859
92$51,007,421$0$0$24,607,524
93$55,959,965$0$0$27,004,978
94$61,409,786$0$0$29,643,427
95$67,407,359$0$0$32,547,342
96$74,008,298$0$0$35,743,686
97$81,273,883$0$0$39,262,167
98$89,271,635$0$0$43,135,520
99$98,075,953$0$0$47,399,817
100$107,768,819$0$0$52,094,803