Can I retire at age 41 with 950,000?

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 $950,000?

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$78,450$77,751$77,070$76,404$75,754$73,506
2 years$38,837$38,113$37,412$36,733$36,073$33,827
3 years$25,634$24,908$24,208$23,535$22,887$20,712
4 years$19,034$18,310$17,617$16,956$16,323$14,237
5 years$15,075$14,355$13,672$13,024$12,408$10,417
6 years$12,436$11,722$11,049$10,415$9,818$7,924
7 years$10,552$9,844$9,182$8,563$7,985$6,187
8 years$9,140$8,438$7,787$7,183$6,624$4,921
9 years$8,042$7,347$6,707$6,118$5,579$3,969
10 years$7,165$6,476$5,847$5,274$4,753$3,235
11 years$6,447$5,765$5,148$4,590$4,088$2,658
12 years$5,849$5,175$4,568$4,026$3,543$2,198
13 years$5,344$4,676$4,082$3,554$3,089$1,827
14 years$4,911$4,251$3,667$3,155$2,708$1,525
15 years$4,536$3,883$3,311$2,814$2,384$1,278
16 years$4,209$3,563$3,002$2,520$2,107$1,073
17 years$3,920$3,281$2,732$2,264$1,868$904
18 years$3,664$3,032$2,494$2,040$1,661$763
19 years$3,435$2,810$2,283$1,843$1,481$644
20 years$3,229$2,611$2,095$1,670$1,323$545
21 years$3,043$2,432$1,927$1,515$1,184$462
22 years$2,874$2,270$1,776$1,378$1,061$392
23 years$2,720$2,123$1,640$1,255$952$332
24 years$2,579$1,989$1,517$1,144$856$282
25 years$2,449$1,867$1,405$1,045$770$240
26 years$2,330$1,755$1,303$956$694$204
27 years$2,220$1,651$1,210$875$626$173
28 years$2,117$1,556$1,125$801$564$148
29 years$2,022$1,468$1,047$735$510$126
30 years$1,934$1,386$975$674$461$107
31 years$1,851$1,311$909$619$416$91
32 years$1,774$1,240$848$569$377$78
33 years$1,701$1,174$792$523$341$66
34 years$1,633$1,113$740$482$309$56
35 years$1,569$1,056$692$443$280$48
36 years$1,509$1,002$647$408$253$41
37 years$1,452$952$606$376$230$35
38 years$1,398$904$567$347$208$30
39 years$1,347$860$531$320$189$25
40 years$1,299$818$498$295$171$22
41 years$1,253$779$467$272$155$18
42 years$1,209$742$438$251$141$16
43 years$1,168$707$411$232$128$13
44 years$1,129$674$386$214$116$11
45 years$1,091$642$362$198$105$10
46 years$1,055$613$340$183$96$8
47 years$1,021$585$320$169$87$7
48 years$989$558$300$156$79$6
49 years$957$533$282$144$72$5
50 years$928$509$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $950,000, adding $2,299 every year, while hoping to spend $36,628 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: 69/10/21 Blend
40$950,000$950,000$950,000$950,000
41$1,049,271$998,921$984,196$1,116,042
42$1,117,325$1,008,897$978,195$1,170,936
43$1,191,093$1,018,133$970,765$1,226,484
44$1,271,119$1,026,556$961,820$1,286,381
45$1,358,001$1,034,085$951,269$1,351,051
46$1,452,397$1,040,636$939,017$1,420,968
47$1,555,033$1,046,118$924,965$1,496,650
48$1,666,704$1,050,435$909,009$1,578,670
49$1,788,286$1,053,485$891,039$1,667,660
50$1,920,745$1,055,159$870,943$1,764,318
51$2,065,141$1,055,342$848,599$1,869,414
52$2,222,642$1,053,911$823,885$1,983,794
53$2,394,535$1,050,736$796,668$2,108,396
54$2,582,234$1,045,679$766,813$2,244,251
55$2,787,298$1,038,593$734,177$2,392,497
56$3,011,440$1,029,322$698,610$2,554,390
57$3,256,550$1,017,702$659,956$2,731,314
58$3,524,707$1,003,557$618,053$2,924,798
59$3,818,199$986,704$572,730$3,136,525
60$4,139,547$966,944$523,808$3,368,352
61$4,491,527$944,071$471,103$3,622,329
62$4,877,197$917,864$414,418$3,900,715
63$5,299,922$888,091$353,552$4,206,001
64$5,763,410$854,503$288,292$4,540,936
65$6,271,746$816,842$218,418$4,908,548
66$6,829,426$774,829$143,697$5,312,179
67$7,441,406$728,174$63,889$5,755,513
68$8,113,142$676,567$0$6,242,614
69$8,850,645$619,682$0$6,782,728
70$9,660,538$557,173$0$7,391,615
71$10,550,114$488,676$0$8,060,452
72$11,527,409$413,805$0$8,795,307
73$12,601,276$332,152$0$9,602,869
74$13,781,466$243,288$0$10,490,508
75$15,078,724$146,757$0$11,466,345
76$16,504,886$42,081$0$12,539,329
77$18,072,993$0$0$13,719,323
78$19,797,411$0$0$15,025,035
79$21,693,971$0$0$16,466,242
80$23,780,113$0$0$18,051,576
81$26,075,052$0$0$19,795,646
82$28,599,960$0$0$21,714,549
83$31,378,164$0$0$23,826,023
84$34,435,366$0$0$26,149,609
85$37,799,887$0$0$28,706,841
86$41,502,930$0$0$31,521,445
87$45,578,879$0$0$34,619,564
88$50,065,618$0$0$38,030,003
89$55,004,892$0$0$41,784,502
90$60,442,697$0$0$45,918,038
91$66,429,720$0$0$50,469,146
92$73,021,807$0$0$55,480,293
93$80,280,499$0$0$60,998,271
94$88,273,608$0$0$67,074,640
95$97,075,856$0$0$73,766,217
96$106,769,580$0$0$81,135,609
97$117,445,512$0$0$89,251,804
98$129,203,630$0$0$98,190,823
99$142,154,105$0$0$108,036,434
100$156,418,336$0$0$118,880,947