Can I retire at age 41 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$65,237$64,656$64,089$63,536$62,996$62,599
2 years$32,296$31,694$31,111$30,546$29,998$29,597
3 years$21,317$20,713$20,131$19,571$19,032$18,640
4 years$15,828$15,226$14,650$14,100$13,574$13,194
5 years$12,536$11,937$11,369$10,830$10,319$9,952
6 years$10,342$9,748$9,188$8,661$8,165$7,812
7 years$8,775$8,186$7,635$7,121$6,640$6,301
8 years$7,601$7,017$6,475$5,973$5,509$5,183
9 years$6,688$6,110$5,577$5,088$4,639$4,327
10 years$5,958$5,385$4,862$4,386$3,953$3,654
11 years$5,361$4,794$4,281$3,817$3,399$3,114
12 years$4,864$4,303$3,799$3,348$2,946$2,674
13 years$4,444$3,889$3,394$2,956$2,569$2,310
14 years$4,084$3,535$3,050$2,624$2,252$2,005
15 years$3,772$3,229$2,753$2,340$1,983$1,748
16 years$3,500$2,963$2,496$2,095$1,752$1,529
17 years$3,260$2,728$2,272$1,883$1,554$1,342
18 years$3,047$2,521$2,074$1,697$1,382$1,181
19 years$2,856$2,337$1,898$1,533$1,231$1,042
20 years$2,685$2,171$1,742$1,388$1,100$921
21 years$2,530$2,022$1,603$1,260$984$815
22 years$2,390$1,888$1,477$1,146$882$722
23 years$2,262$1,766$1,364$1,043$792$641
24 years$2,144$1,654$1,261$952$712$570
25 years$2,037$1,553$1,168$869$641$507
26 years$1,938$1,459$1,083$795$577$451
27 years$1,846$1,373$1,006$727$520$402
28 years$1,761$1,294$935$666$469$359
29 years$1,682$1,221$870$611$424$320
30 years$1,608$1,153$811$561$383$286
31 years$1,539$1,090$756$515$346$255
32 years$1,475$1,031$705$473$313$228
33 years$1,415$977$658$435$283$204
34 years$1,358$926$615$401$257$182
35 years$1,305$878$575$369$232$163
36 years$1,255$833$538$340$211$146
37 years$1,207$791$504$313$191$131
38 years$1,163$752$472$288$173$117
39 years$1,120$715$442$266$157$105
40 years$1,080$680$414$245$142$94
41 years$1,042$648$388$226$129$84
42 years$1,006$617$364$209$117$75
43 years$971$588$342$193$106$67
44 years$939$560$321$178$97$60
45 years$907$534$301$164$88$54
46 years$878$510$283$152$80$48
47 years$849$486$266$140$72$43
48 years$822$464$250$130$66$39
49 years$796$443$235$120$60$35
50 years$771$424$221$111$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $790,000, adding $2,508 every year, while hoping to spend $27,845 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: 38/42/20 Blend
40$790,000$790,000$790,000$790,000
41$873,167$831,297$819,052$901,027
42$932,603$842,404$816,863$932,485
43$997,169$853,121$813,668$963,646
44$1,067,357$863,402$809,403$996,749
45$1,143,712$873,193$804,003$1,031,987
46$1,226,830$882,439$797,397$1,069,569
47$1,317,371$891,082$789,513$1,109,732
48$1,416,056$899,059$780,275$1,152,735
49$1,523,683$906,302$769,604$1,198,865
50$1,641,129$912,741$757,416$1,248,440
51$1,769,358$918,300$743,624$1,301,814
52$1,909,433$922,897$728,135$1,359,378
53$2,062,523$926,446$710,856$1,421,562
54$2,229,916$928,857$691,684$1,488,845
55$2,413,028$930,032$670,517$1,561,757
56$2,613,421$929,868$647,243$1,640,883
57$2,832,814$928,255$621,750$1,726,871
58$3,073,099$925,077$593,916$1,820,437
59$3,336,359$920,211$563,617$1,922,375
60$3,624,892$913,525$530,722$2,033,560
61$3,941,223$904,880$495,093$2,154,962
62$4,288,138$894,130$456,589$2,287,652
63$4,668,703$881,117$415,060$2,432,814
64$5,086,296$865,677$370,350$2,591,759
65$5,544,637$847,633$322,295$2,765,934
66$6,047,824$826,802$270,726$2,956,937
67$6,600,372$802,984$215,465$3,166,535
68$7,207,253$775,974$156,326$3,396,683
69$7,873,945$745,549$93,116$3,649,535
70$8,606,485$711,478$25,632$3,927,475
71$9,411,519$673,513$0$4,233,136
72$10,296,373$631,394$0$4,579,322
73$11,269,115$584,845$0$4,965,826
74$12,338,637$533,574$0$5,390,767
75$13,514,731$477,273$0$5,858,109
76$14,808,191$415,616$0$6,372,228
77$16,230,904$348,259$0$6,937,951
78$17,795,971$274,839$0$7,560,602
79$19,517,825$194,970$0$8,246,056
80$21,412,367$108,248$0$9,000,793
81$23,497,120$14,244$0$9,831,961
82$25,791,390$0$0$10,747,445
83$28,316,448$0$0$11,796,380
84$31,095,734$0$0$12,958,299
85$34,155,074$0$0$14,237,433
86$37,522,925$0$0$15,645,696
87$41,230,645$0$0$17,196,217
88$45,312,783$0$0$18,903,463
89$49,807,413$0$0$20,783,376
90$54,756,486$0$0$22,853,519
91$60,206,229$0$0$25,133,250
92$66,207,580$0$0$27,643,896
93$72,816,669$0$0$30,408,961
94$80,095,346$0$0$33,454,342
95$88,111,767$0$0$36,808,577
96$96,941,034$0$0$40,503,114
97$106,665,904$0$0$44,572,605
98$117,377,574$0$0$49,055,237
99$129,176,533$0$0$53,993,089
100$142,173,520$0$0$59,432,530