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%16.3%
1 years$81,753$81,025$80,315$79,621$78,944$76,911
2 years$40,472$39,718$38,988$38,279$37,592$35,557
3 years$26,713$25,956$25,228$24,526$23,850$21,877
4 years$19,835$19,081$18,359$17,670$17,010$15,114
5 years$15,710$14,959$14,248$13,572$12,931$11,117
6 years$12,960$12,215$11,514$10,854$10,232$8,502
7 years$10,997$10,259$9,568$8,923$8,321$6,676
8 years$9,525$8,793$8,115$7,486$6,903$5,342
9 years$8,381$7,656$6,989$6,376$5,813$4,334
10 years$7,466$6,749$6,093$5,496$4,953$3,555
11 years$6,718$6,008$5,364$4,783$4,260$2,940
12 years$6,095$5,392$4,761$4,196$3,692$2,447
13 years$5,569$4,873$4,253$3,704$3,219$2,048
14 years$5,118$4,430$3,822$3,288$2,822$1,722
15 years$4,727$4,046$3,451$2,932$2,485$1,452
16 years$4,386$3,713$3,128$2,626$2,196$1,229
17 years$4,085$3,419$2,847$2,359$1,947$1,042
18 years$3,818$3,159$2,599$2,126$1,731$886
19 years$3,579$2,928$2,379$1,921$1,543$754
20 years$3,365$2,721$2,183$1,740$1,378$643
21 years$3,171$2,534$2,008$1,579$1,233$549
22 years$2,995$2,366$1,851$1,436$1,106$469
23 years$2,834$2,213$1,709$1,308$992$401
24 years$2,687$2,073$1,581$1,193$892$344
25 years$2,552$1,946$1,464$1,089$803$294
26 years$2,428$1,829$1,358$996$723$252
27 years$2,313$1,721$1,261$912$652$216
28 years$2,206$1,622$1,172$835$588$185
29 years$2,107$1,530$1,091$766$531$159
30 years$2,015$1,445$1,016$703$480$137
31 years$1,929$1,366$947$646$434$117
32 years$1,848$1,292$884$593$392$101
33 years$1,773$1,224$825$546$355$87
34 years$1,702$1,160$771$502$322$74
35 years$1,635$1,100$721$462$291$64
36 years$1,572$1,044$674$426$264$55
37 years$1,513$992$631$392$239$47
38 years$1,457$942$591$361$217$41
39 years$1,404$896$554$333$197$35
40 years$1,353$853$519$307$178$30
41 years$1,306$812$487$284$162$26
42 years$1,260$773$456$262$147$22
43 years$1,217$737$428$242$133$19
44 years$1,176$702$402$223$121$16
45 years$1,137$669$378$206$110$14
46 years$1,100$639$355$190$100$12
47 years$1,064$609$333$176$91$10
48 years$1,030$582$313$162$82$9
49 years$998$556$294$150$75$8
50 years$967$531$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $990,000, adding $5,962 every year, while hoping to spend $49,744 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: 30/41/29 Blend
40$990,000$990,000$990,000$990,000
41$1,097,130$1,044,660$1,029,315$1,120,138
42$1,156,110$1,042,921$1,010,870$1,136,930
43$1,219,439$1,039,430$990,139$1,150,252
44$1,287,507$1,034,047$966,995$1,163,608
45$1,360,745$1,026,628$941,301$1,177,035
46$1,439,623$1,017,015$912,917$1,190,581
47$1,524,659$1,005,043$881,694$1,204,302
48$1,616,422$990,538$847,479$1,218,263
49$1,715,537$973,314$810,109$1,232,543
50$1,822,690$953,175$769,416$1,247,235
51$1,938,636$929,912$725,223$1,262,446
52$2,064,205$903,305$677,346$1,278,299
53$2,200,308$873,121$625,591$1,294,938
54$2,347,948$839,113$569,757$1,312,529
55$2,508,229$801,020$509,634$1,331,261
56$2,682,363$758,565$445,002$1,351,350
57$2,871,686$711,456$375,631$1,373,042
58$3,077,664$659,384$301,281$1,396,620
59$3,301,914$602,022$221,702$1,422,400
60$3,546,213$539,024$136,633$1,450,745
61$3,812,516$470,026$45,800$1,482,062
62$4,102,977$394,642$0$1,516,811
63$4,419,965$312,464$0$1,571,334
64$4,766,088$223,061$0$1,646,546
65$5,144,218$125,979$0$1,729,013
66$5,557,514$20,738$0$1,819,571
67$6,009,456$0$0$1,919,153
68$6,503,877$0$0$2,070,828
69$7,044,994$0$0$2,247,222
70$7,637,454$0$0$2,440,511
71$8,286,371$0$0$2,652,383
72$8,997,380$0$0$2,884,700
73$9,776,684$0$0$3,139,508
74$10,631,117$0$0$3,419,064
75$11,568,204$0$0$3,725,854
76$12,596,235$0$0$4,062,616
77$13,724,339$0$0$4,432,363
78$14,962,573$0$0$4,838,419
79$16,322,015$0$0$5,284,442
80$17,814,867$0$0$5,774,463
81$19,454,573$0$0$6,312,923
82$21,255,941$0$0$6,904,715
83$23,235,284$0$0$7,555,227
84$25,410,573$0$0$8,270,397
85$27,801,609$0$0$9,056,768
86$30,430,204$0$0$9,921,546
87$33,320,389$0$0$10,872,673
88$36,498,643$0$0$11,918,898
89$39,994,134$0$0$13,069,859
90$43,839,004$0$0$14,336,179
91$48,068,662$0$0$15,729,559
92$52,722,125$0$0$17,262,892
93$57,842,381$0$0$18,950,387
94$63,476,795$0$0$20,807,697
95$69,677,556$0$0$22,852,070
96$76,502,167$0$0$25,102,511
97$84,013,990$0$0$27,579,963
98$92,282,839$0$0$30,307,500
99$101,385,643$0$0$33,310,549
100$111,407,167$0$0$36,617,127