Can I retire at age 41 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$80,927$80,207$79,503$78,817$78,147$76,694
2 years$40,063$39,317$38,594$37,893$37,213$35,755
3 years$26,443$25,694$24,973$24,278$23,609$22,191
4 years$19,635$18,888$18,174$17,491$16,838$15,471
5 years$15,551$14,808$14,104$13,435$12,800$11,488
6 years$12,829$12,092$11,398$10,744$10,128$8,873
7 years$10,886$10,155$9,472$8,833$8,237$7,038
8 years$9,429$8,705$8,033$7,410$6,833$5,691
9 years$8,296$7,579$6,919$6,312$5,755$4,667
10 years$7,391$6,680$6,032$5,441$4,903$3,871
11 years$6,650$5,947$5,310$4,735$4,217$3,238
12 years$6,034$5,338$4,713$4,153$3,654$2,727
13 years$5,513$4,824$4,211$3,667$3,187$2,310
14 years$5,066$4,385$3,783$3,255$2,793$1,966
15 years$4,680$4,006$3,416$2,903$2,460$1,679
16 years$4,342$3,675$3,097$2,599$2,174$1,439
17 years$4,044$3,385$2,818$2,335$1,927$1,237
18 years$3,779$3,128$2,572$2,105$1,714$1,065
19 years$3,543$2,899$2,355$1,902$1,528$919
20 years$3,331$2,693$2,161$1,722$1,364$794
21 years$3,139$2,509$1,988$1,563$1,221$687
22 years$2,964$2,342$1,832$1,421$1,094$596
23 years$2,806$2,190$1,692$1,294$982$517
24 years$2,660$2,052$1,565$1,181$883$449
25 years$2,527$1,926$1,449$1,078$795$390
26 years$2,403$1,810$1,344$986$716$339
27 years$2,290$1,703$1,248$902$645$295
28 years$2,184$1,605$1,160$827$582$257
29 years$2,086$1,514$1,080$758$526$224
30 years$1,995$1,430$1,006$696$475$195
31 years$1,910$1,352$938$639$430$170
32 years$1,830$1,279$875$587$389$148
33 years$1,755$1,211$817$540$352$129
34 years$1,685$1,148$763$497$318$112
35 years$1,619$1,089$713$457$288$98
36 years$1,556$1,034$667$421$261$86
37 years$1,498$982$625$388$237$75
38 years$1,442$933$585$358$215$65
39 years$1,390$887$548$330$195$57
40 years$1,340$844$514$304$177$50
41 years$1,293$803$482$281$160$43
42 years$1,248$765$452$259$145$38
43 years$1,205$729$424$239$132$33
44 years$1,164$695$398$221$120$29
45 years$1,126$663$374$204$109$25
46 years$1,089$632$351$188$99$22
47 years$1,054$603$330$174$90$19
48 years$1,020$576$310$161$81$17
49 years$988$550$291$149$74$15
50 years$957$525$274$137$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $980,000, adding $3,211 every year, while hoping to spend $39,905 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: 47/44/9 Blend
40$980,000$980,000$980,000$980,000
41$1,083,272$1,031,332$1,016,142$1,131,368
42$1,151,307$1,039,409$1,007,724$1,172,870
43$1,224,945$1,046,544$997,687$1,213,466
44$1,304,713$1,052,649$985,934$1,256,606
45$1,391,195$1,057,630$972,364$1,302,539
46$1,485,031$1,061,387$956,872$1,351,540
47$1,586,923$1,063,815$939,346$1,403,914
48$1,697,647$1,064,799$919,672$1,460,000
49$1,818,054$1,064,221$897,728$1,520,172
50$1,949,080$1,061,953$873,386$1,584,845
51$2,091,757$1,057,859$846,516$1,654,479
52$2,247,219$1,051,797$816,977$1,729,581
53$2,416,714$1,043,614$784,624$1,810,716
54$2,601,617$1,033,149$749,307$1,898,505
55$2,803,439$1,020,230$710,866$1,993,640
56$3,023,846$1,004,677$669,136$2,096,882
57$3,264,669$986,297$623,943$2,209,077
58$3,527,926$964,887$575,106$2,331,158
59$3,815,839$940,232$522,437$2,464,160
60$4,130,854$912,101$465,737$2,609,225
61$4,475,662$880,256$404,801$2,767,618
62$4,853,230$844,439$339,412$2,940,736
63$5,266,823$804,379$269,345$3,130,126
64$5,720,037$759,792$194,367$3,337,496
65$6,216,833$710,374$114,230$3,564,735
66$6,761,572$655,805$28,679$3,813,931
67$7,359,060$595,747$0$4,087,391
68$8,014,587$529,842$0$4,393,680
69$8,733,983$457,712$0$4,732,930
70$9,523,667$378,957$0$5,105,525
71$10,390,711$293,157$0$5,514,935
72$11,342,907$199,864$0$5,964,987
73$12,388,835$98,609$0$6,459,911
74$13,537,950$0$0$7,004,372
75$14,800,666$0$0$7,608,899
76$16,188,458$0$0$8,325,898
77$17,713,965$0$0$9,114,169
78$19,391,114$0$0$9,980,922
79$21,235,247$0$0$10,934,103
80$23,263,268$0$0$11,982,466
81$25,493,802$0$0$13,135,653
82$27,947,366$0$0$14,404,291
83$30,646,570$0$0$15,800,088
84$33,616,323$0$0$17,335,942
85$36,884,071$0$0$19,026,067
86$40,480,053$0$0$20,886,124
87$44,437,591$0$0$22,933,367
88$48,793,397$0$0$25,186,811
89$53,587,926$0$0$27,667,404
90$58,865,751$0$0$30,398,231
91$64,675,988$0$0$33,404,728
92$71,072,756$0$0$36,714,923
93$78,115,688$0$0$40,359,699
94$85,870,495$0$0$44,373,088
95$94,409,583$0$0$48,792,589
96$103,812,737$0$0$53,659,523
97$114,167,874$0$0$59,019,422
98$125,571,872$0$0$64,922,459
99$138,131,482$0$0$71,423,922
100$151,964,338$0$0$78,584,734