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%13.7%
1 years$80,927$80,207$79,503$78,817$78,147$76,947
2 years$40,063$39,317$38,594$37,893$37,213$36,007
3 years$26,443$25,694$24,973$24,278$23,609$22,435
4 years$19,635$18,888$18,174$17,491$16,838$15,705
5 years$15,551$14,808$14,104$13,435$12,800$11,710
6 years$12,829$12,092$11,398$10,744$10,128$9,083
7 years$10,886$10,155$9,472$8,833$8,237$7,238
8 years$9,429$8,705$8,033$7,410$6,833$5,879
9 years$8,296$7,579$6,919$6,312$5,755$4,845
10 years$7,391$6,680$6,032$5,441$4,903$4,038
11 years$6,650$5,947$5,310$4,735$4,217$3,395
12 years$6,034$5,338$4,713$4,153$3,654$2,874
13 years$5,513$4,824$4,211$3,667$3,187$2,447
14 years$5,066$4,385$3,783$3,255$2,793$2,094
15 years$4,680$4,006$3,416$2,903$2,460$1,799
16 years$4,342$3,675$3,097$2,599$2,174$1,550
17 years$4,044$3,385$2,818$2,335$1,927$1,339
18 years$3,779$3,128$2,572$2,105$1,714$1,160
19 years$3,543$2,899$2,355$1,902$1,528$1,007
20 years$3,331$2,693$2,161$1,722$1,364$876
21 years$3,139$2,509$1,988$1,563$1,221$763
22 years$2,964$2,342$1,832$1,421$1,094$665
23 years$2,806$2,190$1,692$1,294$982$580
24 years$2,660$2,052$1,565$1,181$883$507
25 years$2,527$1,926$1,449$1,078$795$443
26 years$2,403$1,810$1,344$986$716$388
27 years$2,290$1,703$1,248$902$645$340
28 years$2,184$1,605$1,160$827$582$298
29 years$2,086$1,514$1,080$758$526$261
30 years$1,995$1,430$1,006$696$475$229
31 years$1,910$1,352$938$639$430$201
32 years$1,830$1,279$875$587$389$176
33 years$1,755$1,211$817$540$352$155
34 years$1,685$1,148$763$497$318$136
35 years$1,619$1,089$713$457$288$119
36 years$1,556$1,034$667$421$261$105
37 years$1,498$982$625$388$237$92
38 years$1,442$933$585$358$215$81
39 years$1,390$887$548$330$195$71
40 years$1,340$844$514$304$177$62
41 years$1,293$803$482$281$160$55
42 years$1,248$765$452$259$145$48
43 years$1,205$729$424$239$132$42
44 years$1,164$695$398$221$120$37
45 years$1,126$663$374$204$109$33
46 years$1,089$632$351$188$99$29
47 years$1,054$603$330$174$90$25
48 years$1,020$576$310$161$81$22
49 years$988$550$291$149$74$20
50 years$957$525$274$137$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $980,000, adding $2,121 every year, while hoping to spend $22,156 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: 63/11/26 Blend
40$980,000$980,000$980,000$980,000
41$1,082,148$1,030,208$1,015,018$1,142,742
42$1,168,953$1,057,114$1,025,447$1,210,933
43$1,263,870$1,084,596$1,035,483$1,282,756
44$1,367,702$1,112,659$1,045,090$1,360,722
45$1,481,335$1,141,307$1,054,228$1,445,436
46$1,605,744$1,170,544$1,062,857$1,537,565
47$1,742,002$1,200,372$1,070,934$1,637,841
48$1,891,291$1,230,795$1,078,415$1,747,075
49$2,054,913$1,261,815$1,085,253$1,866,158
50$2,234,302$1,293,431$1,091,396$1,996,072
51$2,431,037$1,325,645$1,096,794$2,137,899
52$2,646,857$1,358,456$1,101,391$2,292,833
53$2,883,678$1,391,863$1,105,130$2,462,187
54$3,143,610$1,425,861$1,107,949$2,647,410
55$3,428,979$1,460,448$1,109,785$2,850,099
56$3,742,343$1,495,619$1,110,571$3,072,012
57$4,086,524$1,531,366$1,110,238$3,315,088
58$4,464,630$1,567,683$1,108,710$3,581,464
59$4,880,082$1,604,560$1,105,912$3,873,495
60$5,336,652$1,641,985$1,101,762$4,193,776
61$5,838,495$1,679,947$1,096,176$4,545,166
62$6,390,187$1,718,430$1,089,063$4,930,818
63$6,996,771$1,757,418$1,080,332$5,354,206
64$7,663,802$1,796,892$1,069,883$5,819,158
65$8,397,402$1,836,831$1,057,616$6,329,894
66$9,204,313$1,877,211$1,043,422$6,891,064
67$10,091,966$1,918,008$1,027,190$7,507,794
68$11,068,547$1,959,191$1,008,801$8,185,732
69$12,143,076$2,000,728$988,133$8,931,105
70$13,325,491$2,042,586$965,057$9,750,772
71$14,626,743$2,084,724$939,439$10,652,297
72$16,058,898$2,127,103$911,137$11,644,012
73$17,635,249$2,169,675$880,004$12,735,104
74$19,370,446$2,212,390$845,886$13,935,695
75$21,280,630$2,255,196$808,621$15,256,943
76$23,383,587$2,298,033$768,042$16,711,142
77$25,698,913$2,340,837$723,972$18,311,844
78$28,248,204$2,383,539$676,227$20,073,985
79$31,055,254$2,426,066$624,614$22,014,024
80$34,146,285$2,468,338$568,933$24,150,102
81$37,550,187$2,510,268$508,973$26,502,211
82$41,298,798$2,551,763$444,516$29,092,384
83$45,427,200$2,592,724$375,332$31,944,906
84$49,974,051$2,633,044$301,182$35,086,538
85$54,981,949$2,672,608$221,816$38,546,774
86$60,497,834$2,711,292$136,974$42,358,119
87$66,573,433$2,748,966$46,383$46,556,397
88$73,265,746$2,785,487$0$51,181,087
89$80,637,581$2,820,705$0$56,289,651
90$88,758,153$2,854,459$0$61,930,728
91$97,703,734$2,886,576$0$68,144,366
92$107,558,369$2,916,873$0$74,988,895
93$118,414,677$2,945,154$0$82,528,592
94$130,374,716$2,971,208$0$90,834,288
95$143,550,954$2,994,814$0$99,984,037
96$158,067,326$3,015,735$0$110,063,856
97$174,060,404$3,033,717$0$121,168,531
98$191,680,688$3,048,492$0$133,402,516
99$211,094,024$3,059,774$0$146,880,918
100$232,483,170$3,067,258$0$161,730,582