Can I retire at age 41 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$67,715$67,112$66,523$65,949$65,388$65,112
2 years$33,522$32,898$32,293$31,706$31,137$30,859
3 years$22,126$21,499$20,896$20,314$19,755$19,482
4 years$16,429$15,804$15,207$14,635$14,089$13,825
5 years$13,012$12,391$11,801$11,241$10,710$10,455
6 years$10,735$10,118$9,537$8,990$8,475$8,229
7 years$9,108$8,497$7,925$7,391$6,892$6,655
8 years$7,889$7,283$6,721$6,200$5,718$5,490
9 years$6,942$6,342$5,789$5,281$4,815$4,597
10 years$6,184$5,590$5,047$4,552$4,103$3,894
11 years$5,565$4,976$4,443$3,962$3,529$3,329
12 years$5,049$4,466$3,943$3,475$3,058$2,867
13 years$4,613$4,036$3,523$3,068$2,666$2,484
14 years$4,239$3,669$3,165$2,723$2,337$2,164
15 years$3,916$3,352$2,858$2,429$2,058$1,893
16 years$3,633$3,075$2,591$2,175$1,819$1,661
17 years$3,384$2,832$2,358$1,954$1,613$1,463
18 years$3,162$2,617$2,152$1,761$1,434$1,292
19 years$2,965$2,425$1,970$1,591$1,278$1,144
20 years$2,787$2,254$1,808$1,441$1,142$1,014
21 years$2,626$2,099$1,663$1,308$1,022$901
22 years$2,480$1,960$1,533$1,189$916$802
23 years$2,348$1,833$1,416$1,083$822$714
24 years$2,226$1,717$1,309$988$739$637
25 years$2,114$1,611$1,212$902$665$569
26 years$2,011$1,515$1,125$825$599$509
27 years$1,916$1,425$1,044$755$540$455
28 years$1,828$1,343$971$692$487$407
29 years$1,746$1,267$903$634$440$365
30 years$1,669$1,197$841$582$398$327
31 years$1,598$1,131$784$535$359$293
32 years$1,531$1,070$732$491$325$263
33 years$1,468$1,014$683$452$294$236
34 years$1,410$961$639$416$266$212
35 years$1,354$911$597$383$241$191
36 years$1,302$865$558$352$219$171
37 years$1,253$821$523$325$198$154
38 years$1,207$781$489$299$180$138
39 years$1,163$742$459$276$163$124
40 years$1,121$706$430$255$148$112
41 years$1,082$672$403$235$134$101
42 years$1,044$640$378$217$122$91
43 years$1,008$610$355$200$110$81
44 years$974$581$333$185$100$73
45 years$942$555$313$171$91$66
46 years$911$529$294$158$83$59
47 years$882$505$276$146$75$53
48 years$853$482$259$135$68$48
49 years$826$460$244$124$62$43
50 years$801$440$229$115$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $820,000, adding $2,051 every year, while hoping to spend $54,451 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: 33/37/30 Blend
40$820,000$820,000$820,000$820,000
41$905,756$862,296$849,586$927,353
42$940,207$846,613$820,111$928,370
43$976,348$828,336$787,825$924,521
44$1,014,293$807,282$752,574$919,335
45$1,054,166$783,254$714,200$912,732
46$1,096,103$756,046$672,539$904,630
47$1,140,252$725,439$627,415$894,942
48$1,186,773$691,201$578,649$883,583
49$1,235,841$653,087$526,051$870,462
50$1,287,647$610,838$469,423$855,486
51$1,342,398$564,179$408,560$838,562
52$1,400,321$512,822$343,245$819,591
53$1,461,663$456,460$273,253$798,476
54$1,526,695$394,770$198,350$775,117
55$1,595,713$327,408$118,290$749,412
56$1,669,040$254,015$32,816$721,259
57$1,747,028$174,208$0$690,557
58$1,830,066$87,585$0$675,897
59$1,918,575$0$0$670,908
60$2,013,021$0$0$667,626
61$2,113,911$0$0$702,287
62$2,221,802$0$0$739,429
63$2,337,304$0$0$779,273
64$2,461,087$0$0$822,060
65$2,593,886$0$0$868,056
66$2,736,505$0$0$917,551
67$2,889,830$0$0$970,865
68$3,054,832$0$0$1,028,348
69$3,232,576$0$0$1,090,386
70$3,424,234$0$0$1,157,401
71$3,631,092$0$0$1,229,859
72$3,854,564$0$0$1,308,272
73$4,096,202$0$0$1,393,202
74$4,357,715$0$0$1,485,266
75$4,640,978$0$0$1,585,145
76$4,948,055$0$0$1,693,585
77$5,281,216$0$0$1,811,409
78$5,642,956$0$0$1,939,521
79$6,036,019$0$0$2,078,915
80$6,463,426$0$0$2,230,687
81$6,928,497$0$0$2,396,041
82$7,434,889$0$0$2,576,303
83$7,986,623$0$0$2,772,931
84$8,588,124$0$0$2,987,532
85$9,244,266$0$0$3,221,872
86$9,960,408$0$0$3,477,898
87$10,742,454$0$0$3,757,751
88$11,596,900$0$0$4,063,790
89$12,530,899$0$0$4,398,611
90$13,552,326$0$0$4,765,075
91$14,669,852$0$0$5,166,328
92$15,893,024$0$0$5,605,839
93$17,232,355$0$0$6,087,425
94$18,699,423$0$0$6,615,291
95$20,306,976$0$0$7,194,068
96$22,069,057$0$0$7,828,857
97$24,001,129$0$0$8,525,276
98$26,120,225$0$0$9,289,513
99$28,445,105$0$0$10,128,384
100$30,996,431$0$0$11,049,396