Can I retire at age 41 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$72,670$72,022$71,391$70,774$70,172$68,090
2 years$35,975$35,305$34,656$34,026$33,415$31,334
3 years$23,745$23,072$22,425$21,801$21,200$19,186
4 years$17,631$16,961$16,319$15,706$15,120$13,188
5 years$13,964$13,297$12,664$12,064$11,494$9,650
6 years$11,520$10,858$10,235$9,648$9,095$7,340
7 years$9,775$9,119$8,505$7,932$7,397$5,731
8 years$8,467$7,816$7,213$6,654$6,136$4,558
9 years$7,450$6,806$6,213$5,668$5,168$3,676
10 years$6,637$5,999$5,416$4,886$4,403$2,996
11 years$5,972$5,340$4,768$4,252$3,787$2,462
12 years$5,418$4,793$4,232$3,729$3,281$2,036
13 years$4,950$4,332$3,781$3,293$2,862$1,693
14 years$4,549$3,937$3,397$2,923$2,508$1,413
15 years$4,202$3,597$3,067$2,607$2,209$1,184
16 years$3,899$3,300$2,781$2,334$1,952$994
17 years$3,631$3,039$2,530$2,097$1,731$837
18 years$3,394$2,808$2,310$1,890$1,539$706
19 years$3,182$2,603$2,115$1,708$1,372$597
20 years$2,991$2,419$1,941$1,547$1,225$505
21 years$2,818$2,253$1,785$1,404$1,096$428
22 years$2,662$2,103$1,645$1,276$983$363
23 years$2,519$1,967$1,519$1,162$882$308
24 years$2,389$1,843$1,405$1,060$793$262
25 years$2,269$1,729$1,301$968$714$222
26 years$2,158$1,625$1,207$885$643$189
27 years$2,056$1,530$1,121$810$579$161
28 years$1,961$1,441$1,042$742$523$137
29 years$1,873$1,360$969$681$472$116
30 years$1,791$1,284$903$625$427$99
31 years$1,715$1,214$842$574$386$84
32 years$1,643$1,149$785$527$349$72
33 years$1,576$1,088$733$485$316$61
34 years$1,513$1,031$685$446$286$52
35 years$1,454$978$641$411$259$44
36 years$1,398$928$599$378$235$38
37 years$1,345$882$561$349$213$32
38 years$1,295$838$525$321$193$27
39 years$1,248$797$492$296$175$23
40 years$1,203$758$461$273$159$20
41 years$1,161$721$433$252$144$17
42 years$1,120$687$406$233$131$14
43 years$1,082$655$381$215$118$12
44 years$1,046$624$357$198$108$11
45 years$1,011$595$336$183$98$9
46 years$978$568$315$169$89$8
47 years$946$542$296$156$80$7
48 years$916$517$278$144$73$6
49 years$887$494$262$133$66$5
50 years$859$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $880,000, adding $2,166 every year, while hoping to spend $47,460 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: 70/16/14 Blend
40$880,000$880,000$880,000$880,000
41$971,994$925,354$911,714$1,036,836
42$1,020,641$920,200$891,760$1,075,035
43$1,072,658$913,202$869,546$1,110,907
44$1,128,341$904,220$844,947$1,148,931
45$1,188,011$893,106$817,832$1,189,314
46$1,252,021$879,701$788,063$1,232,281
47$1,320,760$863,839$755,495$1,278,083
48$1,394,652$845,342$719,979$1,326,996
49$1,474,166$824,023$681,358$1,379,327
50$1,559,814$799,683$639,466$1,435,415
51$1,652,159$772,112$594,132$1,495,634
52$1,751,820$741,087$545,177$1,560,399
53$1,859,478$706,372$492,413$1,630,168
54$1,975,880$667,719$435,644$1,705,446
55$2,101,847$624,865$374,665$1,786,795
56$2,238,282$577,529$309,262$1,874,833
57$2,386,177$525,419$239,214$1,970,244
58$2,546,626$468,223$164,285$2,073,785
59$2,720,827$405,611$84,235$2,186,292
60$2,910,102$337,237$0$2,308,688
61$3,115,903$262,732$0$2,442,173
62$3,339,828$181,709$0$2,601,136
63$3,583,636$93,758$0$2,774,268
64$3,849,261$0$0$2,962,989
65$4,138,833$0$0$3,169,138
66$4,454,696$0$0$3,412,052
67$4,799,427$0$0$3,677,213
68$5,175,868$0$0$3,966,810
69$5,587,143$0$0$4,283,253
70$6,036,693$0$0$4,629,196
71$6,528,307$0$0$5,007,560
72$7,066,155$0$0$5,421,562
73$7,654,830$0$0$5,874,744
74$8,299,390$0$0$6,371,006
75$9,005,403$0$0$6,914,644
76$9,779,004$0$0$7,510,388
77$10,626,946$0$0$8,163,446
78$11,556,668$0$0$8,879,557
79$12,576,364$0$0$9,665,040
80$13,695,057$0$0$10,526,855
81$14,922,688$0$0$11,472,668
82$16,270,206$0$0$12,510,924
83$17,749,671$0$0$13,650,926
84$19,374,368$0$0$14,902,920
85$21,158,932$0$0$16,278,196
86$23,119,486$0$0$17,789,187
87$25,273,790$0$0$19,449,594
88$27,641,411$0$0$21,274,509
89$30,243,905$0$0$23,280,558
90$33,105,020$0$0$25,486,060
91$36,250,920$0$0$27,911,196
92$39,710,431$0$0$30,578,201
93$43,515,313$0$0$33,511,572
94$47,700,556$0$0$36,738,301
95$52,304,716$0$0$40,288,125
96$57,370,268$0$0$44,193,811
97$62,944,017$0$0$48,491,459
98$69,077,530$0$0$53,220,850
99$75,827,628$0$0$58,425,810
100$83,256,919$0$0$64,154,635