Can I retire at age 41 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,495$72,841$72,202$71,579$70,970$68,561
2 years$36,384$35,706$35,050$34,413$33,795$31,392
3 years$24,015$23,334$22,679$22,049$21,441$19,120
4 years$17,832$17,153$16,505$15,885$15,292$13,070
5 years$14,123$13,448$12,808$12,201$11,625$9,508
6 years$11,651$10,982$10,351$9,757$9,198$7,188
7 years$9,886$9,222$8,602$8,022$7,481$5,577
8 years$8,563$7,905$7,295$6,729$6,206$4,408
9 years$7,534$6,883$6,283$5,732$5,226$3,531
10 years$6,712$6,067$5,478$4,941$4,453$2,858
11 years$6,040$5,401$4,823$4,300$3,830$2,332
12 years$5,480$4,848$4,280$3,772$3,319$1,914
13 years$5,006$4,381$3,824$3,330$2,894$1,580
14 years$4,601$3,982$3,436$2,956$2,537$1,309
15 years$4,250$3,638$3,102$2,636$2,234$1,088
16 years$3,943$3,338$2,812$2,360$1,974$907
17 years$3,673$3,074$2,559$2,121$1,750$757
18 years$3,432$2,840$2,336$1,911$1,556$634
19 years$3,218$2,632$2,139$1,727$1,387$531
20 years$3,025$2,446$1,963$1,564$1,239$446
21 years$2,851$2,278$1,805$1,420$1,109$374
22 years$2,692$2,127$1,664$1,291$994$315
23 years$2,548$1,989$1,536$1,175$892$265
24 years$2,416$1,864$1,421$1,072$802$223
25 years$2,295$1,749$1,316$979$722$188
26 years$2,183$1,644$1,221$895$650$158
27 years$2,079$1,547$1,133$819$586$133
28 years$1,984$1,458$1,054$751$529$112
29 years$1,895$1,375$980$688$477$95
30 years$1,812$1,299$913$632$431$80
31 years$1,734$1,228$851$580$390$68
32 years$1,662$1,162$794$533$353$57
33 years$1,594$1,100$742$490$319$48
34 years$1,530$1,043$693$451$289$41
35 years$1,470$989$648$415$262$34
36 years$1,414$939$606$383$237$29
37 years$1,360$892$567$352$215$24
38 years$1,310$847$531$325$195$21
39 years$1,262$806$498$300$177$17
40 years$1,217$767$467$276$160$15
41 years$1,174$730$437$255$145$12
42 years$1,133$695$410$235$132$10
43 years$1,094$662$385$217$120$9
44 years$1,057$631$361$201$109$7
45 years$1,022$602$339$185$99$6
46 years$989$574$319$171$90$5
47 years$957$548$299$158$81$5
48 years$926$523$281$146$74$4
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $890,000, adding $6,405 every year, while hoping to spend $41,155 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: 53/32/15 Blend
40$890,000$890,000$890,000$890,000
41$987,387$940,217$926,422$1,035,430
42$1,044,312$942,499$913,668$1,071,234
43$1,105,663$943,513$899,108$1,105,254
44$1,171,850$943,155$882,638$1,141,343
45$1,243,321$941,311$864,148$1,179,711
46$1,320,567$937,863$843,524$1,220,586
47$1,404,131$932,685$820,649$1,264,225
48$1,494,608$925,642$795,396$1,310,910
49$1,592,653$916,592$767,636$1,360,957
50$1,698,984$905,386$737,232$1,414,713
51$1,814,393$891,862$704,042$1,472,566
52$1,939,750$875,853$667,917$1,534,944
53$2,076,012$857,178$628,700$1,602,322
54$2,224,234$835,647$586,230$1,675,226
55$2,385,572$811,061$540,335$1,754,239
56$2,561,303$783,205$490,839$1,840,007
57$2,752,830$751,856$437,555$1,933,246
58$2,961,695$716,773$380,290$2,034,746
59$3,189,599$677,707$318,841$2,145,385
60$3,438,413$634,389$252,997$2,266,133
61$3,710,194$586,537$182,536$2,398,064
62$4,007,212$533,855$107,228$2,542,367
63$4,331,960$476,026$26,833$2,700,356
64$4,687,186$412,718$0$2,873,485
65$5,075,917$343,580$0$3,072,801
66$5,501,484$268,238$0$3,295,841
67$5,967,554$186,301$0$3,540,316
68$6,478,169$97,354$0$3,808,448
69$7,037,778$959$0$4,102,687
70$7,651,279$0$0$4,425,740
71$8,324,071$0$0$4,816,986
72$9,062,097$0$0$5,246,627
73$9,871,904$0$0$5,718,148
74$10,760,704$0$0$6,235,760
75$11,736,440$0$0$6,804,100
76$12,807,862$0$0$7,428,279
77$13,984,611$0$0$8,113,924
78$15,277,304$0$0$8,867,235
79$16,697,638$0$0$9,695,044
80$18,258,502$0$0$10,604,874
81$19,974,091$0$0$11,605,017
82$21,860,046$0$0$12,704,605
83$23,933,600$0$0$13,913,701
84$26,213,738$0$0$15,243,392
85$28,721,374$0$0$16,705,892
86$31,479,556$0$0$18,314,658
87$34,513,673$0$0$20,084,519
88$37,851,701$0$0$22,031,811
89$41,524,463$0$0$24,174,535
90$45,565,921$0$0$26,532,524
91$50,013,496$0$0$29,127,633
92$54,908,419$0$0$31,983,939
93$60,296,121$0$0$35,127,975
94$66,226,660$0$0$38,588,976
95$72,755,195$0$0$42,399,154
96$79,942,503$0$0$46,594,004
97$87,855,554$0$0$51,212,638
98$96,568,142$0$0$56,298,154
99$106,161,581$0$0$61,898,039
100$116,725,470$0$0$68,064,624