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%18.8%
1 years$80,927$80,207$79,503$78,817$78,147$75,374
2 years$40,063$39,317$38,594$37,893$37,213$34,449
3 years$26,443$25,694$24,973$24,278$23,609$20,941
4 years$19,635$18,888$18,174$17,491$16,838$14,286
5 years$15,551$14,808$14,104$13,435$12,800$10,371
6 years$12,829$12,092$11,398$10,744$10,128$7,824
7 years$10,886$10,155$9,472$8,833$8,237$6,056
8 years$9,429$8,705$8,033$7,410$6,833$4,775
9 years$8,296$7,579$6,919$6,312$5,755$3,816
10 years$7,391$6,680$6,032$5,441$4,903$3,081
11 years$6,650$5,947$5,310$4,735$4,217$2,507
12 years$6,034$5,338$4,713$4,153$3,654$2,053
13 years$5,513$4,824$4,211$3,667$3,187$1,689
14 years$5,066$4,385$3,783$3,255$2,793$1,396
15 years$4,680$4,006$3,416$2,903$2,460$1,157
16 years$4,342$3,675$3,097$2,599$2,174$961
17 years$4,044$3,385$2,818$2,335$1,927$801
18 years$3,779$3,128$2,572$2,105$1,714$668
19 years$3,543$2,899$2,355$1,902$1,528$558
20 years$3,331$2,693$2,161$1,722$1,364$467
21 years$3,139$2,509$1,988$1,563$1,221$391
22 years$2,964$2,342$1,832$1,421$1,094$328
23 years$2,806$2,190$1,692$1,294$982$275
24 years$2,660$2,052$1,565$1,181$883$231
25 years$2,527$1,926$1,449$1,078$795$194
26 years$2,403$1,810$1,344$986$716$163
27 years$2,290$1,703$1,248$902$645$137
28 years$2,184$1,605$1,160$827$582$115
29 years$2,086$1,514$1,080$758$526$97
30 years$1,995$1,430$1,006$696$475$81
31 years$1,910$1,352$938$639$430$68
32 years$1,830$1,279$875$587$389$57
33 years$1,755$1,211$817$540$352$48
34 years$1,685$1,148$763$497$318$41
35 years$1,619$1,089$713$457$288$34
36 years$1,556$1,034$667$421$261$29
37 years$1,498$982$625$388$237$24
38 years$1,442$933$585$358$215$20
39 years$1,390$887$548$330$195$17
40 years$1,340$844$514$304$177$14
41 years$1,293$803$482$281$160$12
42 years$1,248$765$452$259$145$10
43 years$1,205$729$424$239$132$9
44 years$1,164$695$398$221$120$7
45 years$1,126$663$374$204$109$6
46 years$1,089$632$351$188$99$5
47 years$1,054$603$330$174$90$4
48 years$1,020$576$310$161$81$4
49 years$988$550$291$149$74$3
50 years$957$525$274$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $980,000, adding $5,228 every year, while hoping to spend $55,536 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: 50/27/23 Blend
40$980,000$980,000$980,000$980,000
41$1,085,353$1,033,413$1,018,223$1,132,372
42$1,136,969$1,024,960$993,243$1,157,119
43$1,191,988$1,014,232$965,566$1,177,951
44$1,250,700$1,001,058$935,041$1,199,452
45$1,313,420$985,258$901,513$1,221,708
46$1,380,494$966,642$864,820$1,244,818
47$1,452,303$945,005$824,789$1,268,893
48$1,529,263$920,135$781,245$1,294,059
49$1,611,830$891,805$733,999$1,320,461
50$1,700,507$859,774$682,858$1,348,260
51$1,795,844$823,787$627,619$1,377,638
52$1,898,444$783,577$568,068$1,408,804
53$2,008,971$738,858$503,984$1,441,988
54$2,128,154$689,330$435,136$1,477,453
55$2,256,793$634,674$361,280$1,515,491
56$2,395,767$574,555$282,164$1,556,433
57$2,546,044$508,616$197,525$1,600,647
58$2,708,685$436,483$107,087$1,648,547
59$2,884,858$357,758$10,561$1,700,596
60$3,075,847$272,021$0$1,757,312
61$3,283,064$178,831$0$1,841,961
62$3,508,061$77,719$0$1,936,740
63$3,752,548$0$0$2,039,857
64$4,018,402$0$0$2,161,649
65$4,307,691$0$0$2,319,393
66$4,622,688$0$0$2,491,252
67$4,965,897$0$0$2,678,600
68$5,340,072$0$0$2,882,956
69$5,748,244$0$0$3,105,987
70$6,193,749$0$0$3,349,529
71$6,680,260$0$0$3,615,605
72$7,211,819$0$0$3,906,440
73$7,792,878$0$0$4,224,485
74$8,428,337$0$0$4,572,437
75$9,123,591$0$0$4,953,267
76$9,884,582$0$0$5,370,247
77$10,717,850$0$0$5,826,979
78$11,630,601$0$0$6,327,430
79$12,630,767$0$0$6,875,969
80$13,727,086$0$0$7,477,408
81$14,929,182$0$0$8,137,047
82$16,247,651$0$0$8,860,722
83$17,694,170$0$0$9,654,864
84$19,281,594$0$0$10,526,555
85$21,024,089$0$0$11,483,595
86$22,937,255$0$0$12,534,578
87$25,038,278$0$0$13,688,970
88$27,346,090$0$0$14,957,200
89$29,881,547$0$0$16,350,756
90$32,667,625$0$0$17,882,295
91$35,729,634$0$0$19,565,759
92$39,095,461$0$0$21,416,509
93$42,795,826$0$0$23,451,470
94$46,864,577$0$0$25,689,288
95$51,339,002$0$0$28,150,504
96$56,260,188$0$0$30,857,752
97$61,673,400$0$0$33,835,971
98$67,628,511$0$0$37,112,636
99$74,180,473$0$0$40,718,021
100$81,389,832$0$0$44,685,482