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%15.1%
1 years$80,927$80,207$79,503$78,817$78,147$76,506
2 years$40,063$39,317$38,594$37,893$37,213$35,568
3 years$26,443$25,694$24,973$24,278$23,609$22,011
4 years$19,635$18,888$18,174$17,491$16,838$15,299
5 years$15,551$14,808$14,104$13,435$12,800$11,325
6 years$12,829$12,092$11,398$10,744$10,128$8,718
7 years$10,886$10,155$9,472$8,833$8,237$6,892
8 years$9,429$8,705$8,033$7,410$6,833$5,553
9 years$8,296$7,579$6,919$6,312$5,755$4,538
10 years$7,391$6,680$6,032$5,441$4,903$3,750
11 years$6,650$5,947$5,310$4,735$4,217$3,125
12 years$6,034$5,338$4,713$4,153$3,654$2,622
13 years$5,513$4,824$4,211$3,667$3,187$2,212
14 years$5,066$4,385$3,783$3,255$2,793$1,875
15 years$4,680$4,006$3,416$2,903$2,460$1,595
16 years$4,342$3,675$3,097$2,599$2,174$1,361
17 years$4,044$3,385$2,818$2,335$1,927$1,164
18 years$3,779$3,128$2,572$2,105$1,714$998
19 years$3,543$2,899$2,355$1,902$1,528$858
20 years$3,331$2,693$2,161$1,722$1,364$738
21 years$3,139$2,509$1,988$1,563$1,221$636
22 years$2,964$2,342$1,832$1,421$1,094$548
23 years$2,806$2,190$1,692$1,294$982$474
24 years$2,660$2,052$1,565$1,181$883$409
25 years$2,527$1,926$1,449$1,078$795$354
26 years$2,403$1,810$1,344$986$716$306
27 years$2,290$1,703$1,248$902$645$265
28 years$2,184$1,605$1,160$827$582$230
29 years$2,086$1,514$1,080$758$526$199
30 years$1,995$1,430$1,006$696$475$173
31 years$1,910$1,352$938$639$430$150
32 years$1,830$1,279$875$587$389$130
33 years$1,755$1,211$817$540$352$113
34 years$1,685$1,148$763$497$318$98
35 years$1,619$1,089$713$457$288$85
36 years$1,556$1,034$667$421$261$74
37 years$1,498$982$625$388$237$64
38 years$1,442$933$585$358$215$55
39 years$1,390$887$548$330$195$48
40 years$1,340$844$514$304$177$42
41 years$1,293$803$482$281$160$36
42 years$1,248$765$452$259$145$32
43 years$1,205$729$424$239$132$27
44 years$1,164$695$398$221$120$24
45 years$1,126$663$374$204$109$21
46 years$1,089$632$351$188$99$18
47 years$1,054$603$330$174$90$16
48 years$1,020$576$310$161$81$14
49 years$988$550$291$149$74$12
50 years$957$525$274$137$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $980,000, adding $2,577 every year, while hoping to spend $45,730 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: 48/41/11 Blend
40$980,000$980,000$980,000$980,000
41$1,082,618$1,030,678$1,015,488$1,131,199
42$1,144,389$1,032,525$1,000,851$1,166,735
43$1,210,927$1,032,930$984,190$1,200,323
44$1,282,672$1,031,773$965,390$1,235,754
45$1,360,104$1,028,929$944,330$1,273,213
46$1,443,752$1,024,264$920,883$1,312,910
47$1,534,196$1,017,635$894,914$1,355,074
48$1,632,077$1,008,891$866,286$1,399,964
49$1,738,094$997,873$834,853$1,447,865
50$1,853,022$984,411$800,462$1,499,096
51$1,977,708$968,324$762,955$1,554,010
52$2,113,085$949,424$722,165$1,613,000
53$2,260,181$927,507$677,919$1,676,504
54$2,420,125$902,360$630,035$1,745,006
55$2,594,160$873,758$578,323$1,819,044
56$2,783,652$841,460$522,585$1,899,218
57$2,990,107$805,214$462,614$1,986,189
58$3,215,179$764,750$398,193$2,080,694
59$3,460,692$719,787$329,096$2,183,550
60$3,728,650$670,024$255,088$2,295,662
61$4,021,261$615,144$175,923$2,418,033
62$4,340,955$554,812$91,342$2,551,776
63$4,690,409$488,674$1,078$2,698,123
64$5,072,566$416,355$0$2,858,440
65$5,490,672$337,461$0$3,045,418
66$5,948,297$251,572$0$3,250,416
67$6,449,373$158,249$0$3,475,195
68$6,998,231$57,025$0$3,721,847
69$7,599,639$0$0$3,992,683
70$8,258,850$0$0$4,313,984
71$8,981,649$0$0$4,694,594
72$9,774,405$0$0$5,112,156
73$10,644,136$0$0$5,570,378
74$11,598,571$0$0$6,073,348
75$12,646,223$0$0$6,625,567
76$13,796,471$0$0$7,231,993
77$15,059,645$0$0$7,898,089
78$16,447,124$0$0$8,629,872
79$17,971,445$0$0$9,433,972
80$19,646,419$0$0$10,317,692
81$21,487,259$0$0$11,289,076
82$23,510,727$0$0$12,356,990
83$25,735,290$0$0$13,531,199
84$28,181,292$0$0$14,822,461
85$30,871,147$0$0$16,242,631
86$33,829,552$0$0$17,804,769
87$37,083,715$0$0$19,523,265
88$40,663,614$0$0$21,413,974
89$44,602,280$0$0$23,494,364
90$48,936,106$0$0$25,783,683
91$53,705,190$0$0$28,303,139
92$58,953,715$0$0$31,076,099
93$64,730,364$0$0$34,128,311
94$71,088,777$0$0$37,488,146
95$78,088,059$0$0$41,186,865
96$85,793,337$0$0$45,258,913
97$94,276,373$0$0$49,742,246
98$103,616,241$0$0$54,678,688
99$113,900,070$0$0$60,114,322
100$125,223,872$0$0$66,099,931