Can I retire at age 41 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$75,973$75,296$74,636$73,991$73,362$70,787
2 years$37,610$36,910$36,231$35,573$34,934$32,367
3 years$24,824$24,121$23,444$22,792$22,164$19,685
4 years$18,433$17,731$17,061$16,420$15,807$13,436
5 years$14,599$13,902$13,240$12,612$12,017$9,759
6 years$12,044$11,352$10,700$10,086$9,508$7,366
7 years$10,219$9,533$8,892$8,292$7,733$5,705
8 years$8,852$8,172$7,541$6,956$6,415$4,501
9 years$7,788$7,115$6,495$5,925$5,402$3,599
10 years$6,938$6,271$5,662$5,108$4,603$2,908
11 years$6,243$5,583$4,985$4,445$3,959$2,368
12 years$5,664$5,011$4,424$3,899$3,431$1,940
13 years$5,175$4,529$3,953$3,442$2,992$1,597
14 years$4,756$4,116$3,552$3,056$2,622$1,321
15 years$4,393$3,760$3,207$2,725$2,309$1,095
16 years$4,076$3,450$2,907$2,440$2,041$911
17 years$3,796$3,177$2,645$2,192$1,809$759
18 years$3,548$2,936$2,415$1,976$1,609$634
19 years$3,326$2,721$2,211$1,785$1,434$530
20 years$3,127$2,529$2,029$1,617$1,281$444
21 years$2,947$2,355$1,866$1,467$1,146$372
22 years$2,783$2,199$1,720$1,334$1,027$312
23 years$2,634$2,056$1,588$1,215$922$262
24 years$2,497$1,927$1,469$1,108$829$220
25 years$2,372$1,808$1,360$1,012$746$185
26 years$2,256$1,699$1,262$925$672$155
27 years$2,150$1,599$1,172$847$606$131
28 years$2,050$1,507$1,089$776$547$110
29 years$1,958$1,422$1,014$712$494$92
30 years$1,873$1,343$944$653$446$78
31 years$1,793$1,269$880$600$403$65
32 years$1,718$1,201$821$551$365$55
33 years$1,648$1,137$767$507$330$46
34 years$1,582$1,078$716$466$299$39
35 years$1,520$1,022$670$429$271$33
36 years$1,461$970$627$395$245$28
37 years$1,406$922$586$364$222$23
38 years$1,354$876$549$336$202$20
39 years$1,305$833$515$310$183$17
40 years$1,258$792$482$286$166$14
41 years$1,213$754$452$264$150$12
42 years$1,171$718$424$243$136$10
43 years$1,131$684$398$224$124$8
44 years$1,093$652$374$207$112$7
45 years$1,057$622$351$191$102$6
46 years$1,022$593$330$177$93$5
47 years$989$566$310$163$84$4
48 years$957$541$291$151$76$4
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $920,000, adding $2,232 every year, while hoping to spend $59,370 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: 63/31/6 Blend
40$920,000$920,000$920,000$920,000
41$1,016,142$967,382$953,122$1,078,966
42$1,056,620$951,615$921,883$1,105,336
43$1,099,236$933,085$887,607$1,126,934
44$1,144,146$911,594$850,130$1,148,968
45$1,191,520$886,934$809,281$1,171,478
46$1,241,543$858,881$764,879$1,194,509
47$1,294,415$827,201$716,737$1,218,112
48$1,350,357$791,645$664,659$1,242,347
49$1,409,607$751,950$608,439$1,267,283
50$1,472,429$707,838$547,864$1,292,998
51$1,539,109$659,014$482,710$1,319,582
52$1,609,960$605,167$412,742$1,347,136
53$1,685,323$545,968$337,717$1,375,776
54$1,765,576$481,069$257,379$1,405,634
55$1,851,127$410,104$171,464$1,436,858
56$1,942,426$332,683$79,692$1,469,619
57$2,039,966$248,397$0$1,504,107
58$2,144,286$156,813$0$1,541,704
59$2,255,979$57,472$0$1,587,007
60$2,375,693$0$0$1,635,202
61$2,504,141$0$0$1,703,709
62$2,642,103$0$0$1,798,394
63$2,790,438$0$0$1,900,246
64$2,950,086$0$0$2,009,916
65$3,122,081$0$0$2,128,122
66$3,307,560$0$0$2,255,651
67$3,507,768$0$0$2,393,367
68$3,724,077$0$0$2,542,220
69$3,957,992$0$0$2,703,256
70$4,211,170$0$0$2,877,622
71$4,485,431$0$0$3,066,580
72$4,782,774$0$0$3,271,518
73$5,105,401$0$0$3,493,963
74$5,455,732$0$0$3,735,592
75$5,836,428$0$0$3,998,253
76$6,250,418$0$0$4,283,977
77$6,700,923$0$0$4,594,998
78$7,191,488$0$0$4,933,776
79$7,726,014$0$0$5,303,018
80$8,308,792$0$0$5,705,701
81$8,944,547$0$0$6,145,104
82$9,638,480$0$0$6,624,834
83$10,396,314$0$0$7,148,864
84$11,224,350$0$0$7,721,567
85$12,129,526$0$0$8,347,756
86$13,119,479$0$0$9,032,732
87$14,202,618$0$0$9,782,331
88$15,388,204$0$0$10,602,980
89$16,686,432$0$0$11,501,754
90$18,108,531$0$0$12,486,447
91$19,666,867$0$0$13,565,642
92$21,375,059$0$0$14,748,790
93$23,248,104$0$0$16,046,302
94$25,302,523$0$0$17,469,644
95$27,556,510$0$0$19,031,446
96$30,030,108$0$0$20,745,618
97$32,745,392$0$0$22,627,484
98$35,726,680$0$0$24,693,923
99$39,000,759$0$0$26,963,530
100$42,597,137$0$0$29,456,788