Can I retire at age 41 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$77,624$76,933$76,258$75,600$74,957$73,655
2 years$38,428$37,712$37,019$36,346$35,694$34,386
3 years$25,364$24,645$23,953$23,287$22,646$21,373
4 years$18,834$18,117$17,432$16,777$16,151$14,923
5 years$14,916$14,204$13,528$12,886$12,278$11,099
6 years$12,305$11,599$10,933$10,305$9,715$8,586
7 years$10,441$9,740$9,085$8,473$7,901$6,822
8 years$9,044$8,349$7,705$7,108$6,555$5,525
9 years$7,958$7,270$6,636$6,054$5,520$4,540
10 years$7,089$6,408$5,786$5,219$4,703$3,772
11 years$6,379$5,704$5,094$4,542$4,045$3,161
12 years$5,788$5,120$4,520$3,984$3,505$2,668
13 years$5,288$4,627$4,039$3,517$3,057$2,264
14 years$4,859$4,206$3,629$3,122$2,679$1,931
15 years$4,489$3,842$3,276$2,784$2,359$1,653
16 years$4,165$3,525$2,970$2,493$2,085$1,419
17 years$3,879$3,246$2,703$2,240$1,849$1,222
18 years$3,625$3,000$2,467$2,019$1,644$1,055
19 years$3,399$2,780$2,259$1,824$1,465$912
20 years$3,195$2,584$2,073$1,652$1,309$790
21 years$3,011$2,406$1,907$1,499$1,171$686
22 years$2,843$2,246$1,757$1,363$1,050$596
23 years$2,691$2,101$1,623$1,242$942$518
24 years$2,552$1,968$1,501$1,132$847$451
25 years$2,423$1,847$1,390$1,034$762$392
26 years$2,305$1,736$1,289$946$687$342
27 years$2,196$1,634$1,197$865$619$298
28 years$2,095$1,540$1,113$793$559$260
29 years$2,001$1,452$1,036$727$504$227
30 years$1,913$1,372$965$667$456$198
31 years$1,832$1,297$899$613$412$173
32 years$1,755$1,227$839$563$373$152
33 years$1,683$1,162$783$518$337$132
34 years$1,616$1,101$732$477$305$116
35 years$1,553$1,045$684$439$277$101
36 years$1,493$991$640$404$251$89
37 years$1,437$942$599$372$227$77
38 years$1,383$895$561$343$206$68
39 years$1,333$851$526$316$187$59
40 years$1,285$810$493$292$169$52
41 years$1,240$771$462$269$154$45
42 years$1,197$734$433$248$139$40
43 years$1,156$699$407$229$127$35
44 years$1,117$667$382$212$115$30
45 years$1,080$636$358$196$104$27
46 years$1,044$606$337$181$95$23
47 years$1,011$579$316$167$86$20
48 years$978$552$297$154$78$18
49 years$947$528$279$143$71$16
50 years$918$504$263$132$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $940,000, adding $4,133 every year, while hoping to spend $37,387 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: 36/37/27 Blend
40$940,000$940,000$940,000$940,000
41$1,040,143$990,323$975,753$1,069,026
42$1,106,458$999,070$968,661$1,099,565
43$1,178,285$1,006,991$960,079$1,128,820
44$1,256,144$1,014,009$949,917$1,159,679
45$1,340,613$1,020,037$938,081$1,192,311
46$1,432,322$1,024,985$924,473$1,226,905
47$1,531,967$1,028,758$908,990$1,263,671
48$1,640,312$1,031,251$891,526$1,302,842
49$1,758,199$1,032,358$871,968$1,344,678
50$1,886,554$1,031,962$850,197$1,389,470
51$2,026,395$1,029,941$826,091$1,437,539
52$2,178,843$1,026,164$799,521$1,489,244
53$2,345,133$1,020,493$770,353$1,544,983
54$2,526,621$1,012,782$738,444$1,605,199
55$2,724,803$1,002,875$703,649$1,670,384
56$2,941,325$990,608$665,813$1,741,082
57$3,177,997$975,805$624,775$1,817,902
58$3,436,814$958,281$580,367$1,901,514
59$3,719,973$937,840$532,413$1,992,665
60$4,029,891$914,275$480,729$2,092,183
61$4,369,231$887,366$425,124$2,200,985
62$4,740,924$856,879$365,398$2,320,089
63$5,148,201$822,568$301,341$2,450,620
64$5,594,616$784,172$232,735$2,593,829
65$6,084,086$741,416$159,351$2,751,098
66$6,620,925$694,008$80,951$2,923,958
67$7,209,884$641,639$0$3,114,107
68$7,856,196$583,983$0$3,324,203
69$8,565,626$520,696$0$3,580,480
70$9,344,522$451,412$0$3,861,970
71$10,199,879$375,747$0$4,171,297
72$11,139,403$293,295$0$4,511,360
73$12,171,581$203,625$0$4,885,358
74$13,305,764$106,285$0$5,296,825
75$14,552,253$793$0$5,749,661
76$15,922,397$0$0$6,248,170
77$17,428,698$0$0$6,843,257
78$19,084,932$0$0$7,498,080
79$20,906,275$0$0$8,218,334
80$22,909,448$0$0$9,010,651
81$25,112,872$0$0$9,882,337
82$27,536,845$0$0$10,841,442
83$30,203,731$0$0$11,896,835
84$33,138,170$0$0$13,058,290
85$36,367,312$0$0$14,336,574
86$39,921,072$0$0$15,743,553
87$43,832,411$0$0$17,292,301
88$48,137,647$0$0$18,997,222
89$52,876,798$0$0$20,874,190
90$58,093,960$0$0$22,940,695
91$63,837,720$0$0$25,216,009
92$70,161,616$0$0$27,721,370
93$77,124,641$0$0$30,480,177
94$84,791,801$0$0$33,518,217
95$93,234,725$0$0$36,863,902
96$102,532,344$0$0$40,548,541
97$112,771,632$0$0$44,606,637
98$124,048,428$0$0$49,076,205
99$136,468,341$0$0$53,999,140
100$150,147,745$0$0$59,421,605