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%15.6%
1 years$79,276$78,570$77,881$77,208$76,552$74,792
2 years$39,245$38,515$37,806$37,119$36,453$34,690
3 years$25,904$25,170$24,463$23,783$23,127$21,416
4 years$19,234$18,502$17,803$17,134$16,495$14,848
5 years$15,234$14,506$13,816$13,161$12,539$10,962
6 years$12,567$11,845$11,165$10,525$9,922$8,416
7 years$10,664$9,948$9,278$8,653$8,069$6,634
8 years$9,236$8,527$7,869$7,259$6,694$5,330
9 years$8,127$7,424$6,777$6,183$5,637$4,343
10 years$7,240$6,544$5,909$5,330$4,803$3,577
11 years$6,515$5,826$5,202$4,638$4,131$2,972
12 years$5,911$5,229$4,617$4,068$3,580$2,485
13 years$5,400$4,725$4,125$3,592$3,122$2,090
14 years$4,963$4,295$3,706$3,188$2,736$1,765
15 years$4,584$3,924$3,346$2,844$2,409$1,496
16 years$4,253$3,600$3,034$2,546$2,129$1,272
17 years$3,961$3,316$2,760$2,288$1,888$1,085
18 years$3,702$3,064$2,520$2,062$1,679$927
19 years$3,471$2,839$2,307$1,863$1,496$793
20 years$3,263$2,639$2,117$1,687$1,337$680
21 years$3,075$2,458$1,947$1,531$1,196$584
22 years$2,904$2,294$1,795$1,392$1,072$501
23 years$2,748$2,146$1,657$1,268$962$431
24 years$2,606$2,010$1,533$1,156$865$371
25 years$2,475$1,887$1,420$1,056$778$320
26 years$2,354$1,773$1,317$966$701$276
27 years$2,243$1,669$1,223$884$632$238
28 years$2,140$1,572$1,136$810$570$205
29 years$2,044$1,483$1,058$743$515$177
30 years$1,954$1,401$985$682$465$153
31 years$1,871$1,324$918$626$421$132
32 years$1,792$1,253$857$575$381$114
33 years$1,719$1,187$800$529$344$98
34 years$1,650$1,125$748$487$312$85
35 years$1,586$1,067$699$448$282$73
36 years$1,525$1,013$654$413$256$64
37 years$1,467$962$612$380$232$55
38 years$1,413$914$573$350$210$47
39 years$1,361$869$537$323$191$41
40 years$1,312$827$503$298$173$35
41 years$1,266$787$472$275$157$31
42 years$1,222$750$443$254$142$27
43 years$1,180$714$415$234$129$23
44 years$1,141$681$390$216$117$20
45 years$1,103$649$366$200$106$17
46 years$1,067$619$344$185$97$15
47 years$1,032$591$323$170$88$13
48 years$999$564$304$158$80$11
49 years$967$539$285$146$72$10
50 years$937$515$268$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $960,000, adding $3,527 every year, while hoping to spend $29,537 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: 69/11/20 Blend
40$960,000$960,000$960,000$960,000
41$1,061,558$1,010,678$995,798$1,129,341
42$1,138,410$1,028,774$997,730$1,193,157
43$1,222,111$1,046,767$998,737$1,259,167
44$1,313,328$1,064,620$998,757$1,330,675
45$1,412,796$1,082,295$997,723$1,408,221
46$1,521,323$1,099,750$995,569$1,492,402
47$1,639,799$1,116,939$992,222$1,583,873
48$1,769,204$1,133,814$987,607$1,683,358
49$1,910,615$1,150,324$981,644$1,791,656
50$2,065,221$1,166,412$974,252$1,909,644
51$2,234,327$1,182,021$965,344$2,038,294
52$2,419,374$1,197,085$954,828$2,178,673
53$2,621,946$1,211,538$942,610$2,331,958
54$2,843,787$1,225,306$928,591$2,499,447
55$3,086,821$1,238,313$912,666$2,682,572
56$3,353,162$1,250,476$894,725$2,882,910
57$3,645,141$1,261,706$874,655$3,102,199
58$3,965,326$1,271,910$852,337$3,342,355
59$4,316,544$1,280,988$827,645$3,605,492
60$4,701,909$1,288,834$800,448$3,893,938
61$5,124,851$1,295,334$770,611$4,210,260
62$5,589,148$1,300,369$737,989$4,557,288
63$6,098,964$1,303,809$702,434$4,938,141
64$6,658,881$1,305,519$663,788$5,356,257
65$7,273,952$1,305,354$621,890$5,815,426
66$7,949,739$1,303,160$576,568$6,319,827
67$8,692,373$1,298,776$527,643$6,874,064
68$9,508,606$1,292,027$474,930$7,483,214
69$10,405,878$1,282,730$418,234$8,152,872
70$11,392,384$1,270,690$357,352$8,889,207
71$12,477,154$1,255,702$292,070$9,699,016
72$13,670,138$1,237,545$222,169$10,589,794
73$14,982,296$1,215,989$147,415$11,569,801
74$16,425,705$1,190,787$67,569$12,648,141
75$18,013,671$1,161,679$0$13,834,851
76$19,760,855$1,128,391$0$15,144,757
77$21,683,409$1,090,629$0$16,601,919
78$23,799,134$1,048,087$0$18,205,400
79$26,127,638$1,000,436$0$19,970,074
80$28,690,531$947,331$0$21,912,332
81$31,511,623$888,408$0$24,050,234
82$34,617,147$823,279$0$26,403,686
83$38,036,012$751,535$0$28,994,618
84$41,800,071$672,746$0$31,847,203
85$45,944,422$586,454$0$34,988,075
86$50,507,740$492,177$0$38,446,586
87$55,532,641$389,406$0$42,255,080
88$61,066,086$277,602$0$46,449,203
89$67,159,819$156,197$0$51,068,234
90$73,870,860$24,590$0$56,155,461
91$81,262,040$0$0$61,758,586
92$89,402,596$0$0$67,944,441
93$98,368,821$0$0$74,761,061
94$108,244,787$0$0$82,269,394
95$119,123,135$0$0$90,539,883
96$131,105,953$0$0$99,650,150
97$144,305,733$0$0$109,685,733
98$158,846,441$0$0$120,740,890
99$174,864,679$0$0$132,919,491
100$192,510,979$0$0$146,335,995