Can I retire at age 41 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$81,753$81,025$80,315$79,621$78,944$76,540
2 years$40,472$39,718$38,988$38,279$37,592$35,191
3 years$26,713$25,956$25,228$24,526$23,850$21,526
4 years$19,835$19,081$18,359$17,670$17,010$14,782
5 years$15,710$14,959$14,248$13,572$12,931$10,805
6 years$12,960$12,215$11,514$10,854$10,232$8,209
7 years$10,997$10,259$9,568$8,923$8,321$6,402
8 years$9,525$8,793$8,115$7,486$6,903$5,087
9 years$8,381$7,656$6,989$6,376$5,813$4,097
10 years$7,466$6,749$6,093$5,496$4,953$3,335
11 years$6,718$6,008$5,364$4,783$4,260$2,737
12 years$6,095$5,392$4,761$4,196$3,692$2,260
13 years$5,569$4,873$4,253$3,704$3,219$1,877
14 years$5,118$4,430$3,822$3,288$2,822$1,564
15 years$4,727$4,046$3,451$2,932$2,485$1,309
16 years$4,386$3,713$3,128$2,626$2,196$1,098
17 years$4,085$3,419$2,847$2,359$1,947$923
18 years$3,818$3,159$2,599$2,126$1,731$778
19 years$3,579$2,928$2,379$1,921$1,543$656
20 years$3,365$2,721$2,183$1,740$1,378$554
21 years$3,171$2,534$2,008$1,579$1,233$469
22 years$2,995$2,366$1,851$1,436$1,106$397
23 years$2,834$2,213$1,709$1,308$992$336
24 years$2,687$2,073$1,581$1,193$892$285
25 years$2,552$1,946$1,464$1,089$803$242
26 years$2,428$1,829$1,358$996$723$205
27 years$2,313$1,721$1,261$912$652$174
28 years$2,206$1,622$1,172$835$588$148
29 years$2,107$1,530$1,091$766$531$126
30 years$2,015$1,445$1,016$703$480$107
31 years$1,929$1,366$947$646$434$91
32 years$1,848$1,292$884$593$392$77
33 years$1,773$1,224$825$546$355$66
34 years$1,702$1,160$771$502$322$56
35 years$1,635$1,100$721$462$291$48
36 years$1,572$1,044$674$426$264$40
37 years$1,513$992$631$392$239$34
38 years$1,457$942$591$361$217$29
39 years$1,404$896$554$333$197$25
40 years$1,353$853$519$307$178$21
41 years$1,306$812$487$284$162$18
42 years$1,260$773$456$262$147$15
43 years$1,217$737$428$242$133$13
44 years$1,176$702$402$223$121$11
45 years$1,137$669$378$206$110$9
46 years$1,100$639$355$190$100$8
47 years$1,064$609$333$176$91$7
48 years$1,030$582$313$162$82$6
49 years$998$556$294$150$75$5
50 years$967$531$277$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $990,000, adding $2,850 every year, while hoping to spend $23,354 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: 48/34/18 Blend
40$990,000$990,000$990,000$990,000
41$1,093,920$1,041,450$1,026,105$1,140,759
42$1,180,651$1,067,632$1,035,631$1,199,738
43$1,275,446$1,094,315$1,044,693$1,261,139
44$1,379,103$1,121,498$1,053,252$1,327,315
45$1,492,500$1,149,180$1,061,264$1,398,721
46$1,616,605$1,177,359$1,068,686$1,475,860
47$1,752,482$1,206,033$1,075,471$1,559,286
48$1,901,305$1,235,198$1,081,568$1,649,609
49$2,064,364$1,264,850$1,086,928$1,747,501
50$2,243,084$1,294,982$1,091,494$1,853,702
51$2,439,029$1,325,587$1,095,210$1,969,028
52$2,653,926$1,356,657$1,098,015$2,094,378
53$2,889,676$1,388,182$1,099,848$2,230,741
54$3,148,371$1,420,150$1,100,641$2,379,208
55$3,432,317$1,452,550$1,100,324$2,540,983
56$3,744,054$1,485,366$1,098,826$2,717,388
57$4,086,380$1,518,581$1,096,069$2,909,885
58$4,462,377$1,552,178$1,091,974$3,120,083
59$4,875,440$1,586,135$1,086,455$3,349,753
60$5,329,309$1,620,430$1,079,426$3,600,851
61$5,828,105$1,655,038$1,070,793$3,875,529
62$6,376,367$1,689,930$1,060,460$4,176,162
63$6,979,096$1,725,077$1,048,326$4,505,364
64$7,641,803$1,760,444$1,034,284$4,866,018
65$8,370,557$1,795,996$1,018,222$5,261,303
66$9,172,047$1,831,693$1,000,026$5,694,720
67$10,053,641$1,867,491$979,572$6,170,129
68$11,023,458$1,903,343$956,733$6,691,783
69$12,090,443$1,939,200$931,376$7,264,373
70$13,264,452$1,975,005$903,361$7,893,065
71$14,556,345$2,010,699$872,542$8,583,556
72$15,978,087$2,046,218$838,767$9,342,123
73$17,542,862$2,081,492$801,876$10,175,687
74$19,265,197$2,116,448$761,702$11,091,874
75$21,161,098$2,151,006$718,070$12,099,089
76$23,248,203$2,185,078$670,798$13,206,599
77$25,545,946$2,218,573$619,696$14,424,614
78$28,075,741$2,251,392$564,565$15,764,389
79$30,861,185$2,283,428$505,196$17,238,330
80$33,928,278$2,314,568$441,372$18,860,110
81$37,305,671$2,344,691$372,867$20,644,797
82$41,024,934$2,373,666$299,443$22,609,002
83$45,120,856$2,401,354$220,853$24,771,030
84$49,631,771$2,427,607$136,839$27,151,058
85$54,599,919$2,452,268$47,130$29,771,323
86$60,071,848$2,475,166$0$32,656,334
87$66,098,850$2,496,123$0$35,842,440
88$72,737,447$2,514,946$0$39,360,344
89$80,049,920$2,531,432$0$43,233,856
90$88,104,902$2,545,363$0$47,499,204
91$96,978,025$2,556,509$0$52,196,309
92$106,752,628$2,564,622$0$57,369,168
93$117,520,551$2,569,443$0$63,066,266
94$129,382,995$2,570,694$0$69,341,035
95$142,451,482$2,568,079$0$76,252,360
96$156,848,904$2,561,286$0$83,865,134
97$172,710,685$2,549,982$0$92,250,873
98$190,186,059$2,533,815$0$101,488,388
99$209,439,476$2,512,411$0$111,664,532
100$230,652,156$2,485,373$0$122,875,024