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%11.5%
1 years$78,450$77,751$77,070$76,404$75,754$75,277
2 years$38,837$38,113$37,412$36,733$36,073$35,592
3 years$25,634$24,908$24,208$23,535$22,887$22,416
4 years$19,034$18,310$17,617$16,956$16,323$15,866
5 years$15,075$14,355$13,672$13,024$12,408$11,968
6 years$12,436$11,722$11,049$10,415$9,818$9,394
7 years$10,552$9,844$9,182$8,563$7,985$7,577
8 years$9,140$8,438$7,787$7,183$6,624$6,233
9 years$8,042$7,347$6,707$6,118$5,579$5,204
10 years$7,165$6,476$5,847$5,274$4,753$4,394
11 years$6,447$5,765$5,148$4,590$4,088$3,745
12 years$5,849$5,175$4,568$4,026$3,543$3,215
13 years$5,344$4,676$4,082$3,554$3,089$2,777
14 years$4,911$4,251$3,667$3,155$2,708$2,411
15 years$4,536$3,883$3,311$2,814$2,384$2,102
16 years$4,209$3,563$3,002$2,520$2,107$1,839
17 years$3,920$3,281$2,732$2,264$1,868$1,614
18 years$3,664$3,032$2,494$2,040$1,661$1,420
19 years$3,435$2,810$2,283$1,843$1,481$1,253
20 years$3,229$2,611$2,095$1,670$1,323$1,107
21 years$3,043$2,432$1,927$1,515$1,184$980
22 years$2,874$2,270$1,776$1,378$1,061$869
23 years$2,720$2,123$1,640$1,255$952$771
24 years$2,579$1,989$1,517$1,144$856$685
25 years$2,449$1,867$1,405$1,045$770$610
26 years$2,330$1,755$1,303$956$694$543
27 years$2,220$1,651$1,210$875$626$484
28 years$2,117$1,556$1,125$801$564$431
29 years$2,022$1,468$1,047$735$510$385
30 years$1,934$1,386$975$674$461$344
31 years$1,851$1,311$909$619$416$307
32 years$1,774$1,240$848$569$377$274
33 years$1,701$1,174$792$523$341$245
34 years$1,633$1,113$740$482$309$219
35 years$1,569$1,056$692$443$280$196
36 years$1,509$1,002$647$408$253$175
37 years$1,452$952$606$376$230$157
38 years$1,398$904$567$347$208$141
39 years$1,347$860$531$320$189$126
40 years$1,299$818$498$295$171$113
41 years$1,253$779$467$272$155$101
42 years$1,209$742$438$251$141$90
43 years$1,168$707$411$232$128$81
44 years$1,129$674$386$214$116$73
45 years$1,091$642$362$198$105$65
46 years$1,055$613$340$183$96$58
47 years$1,021$585$320$169$87$52
48 years$989$558$300$156$79$47
49 years$957$533$282$144$72$42
50 years$928$509$265$133$65$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $950,000, adding $2,361 every year, while hoping to spend $41,214 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: 42/41/17 Blend
40$950,000$950,000$950,000$950,000
41$1,049,335$998,985$984,260$1,088,091
42$1,112,516$1,004,084$973,382$1,120,791
43$1,180,760$1,008,052$960,757$1,151,960
44$1,254,540$1,010,789$946,285$1,184,841
45$1,334,376$1,012,190$929,858$1,219,610
46$1,420,839$1,012,144$911,365$1,256,463
47$1,514,558$1,010,532$890,689$1,295,621
48$1,616,223$1,007,228$867,707$1,337,328
49$1,726,593$1,002,099$842,292$1,381,854
50$1,846,506$995,001$814,308$1,429,504
51$1,976,879$985,786$783,617$1,480,611
52$2,118,724$974,293$750,072$1,535,551
53$2,273,154$960,353$713,519$1,594,740
54$2,441,393$943,788$673,799$1,658,637
55$2,624,788$924,406$630,744$1,727,757
56$2,824,822$902,008$584,180$1,802,668
57$3,043,127$876,379$533,923$1,884,002
58$3,281,500$847,296$479,783$1,972,461
59$3,541,917$814,518$421,561$2,068,822
60$3,826,558$777,794$359,048$2,173,947
61$4,137,817$736,857$292,027$2,288,794
62$4,478,335$691,423$220,270$2,414,423
63$4,851,017$641,195$143,541$2,552,008
64$5,259,063$585,856$61,592$2,702,851
65$5,705,998$525,073$0$2,868,395
66$6,195,700$458,492$0$3,054,927
67$6,732,445$385,741$0$3,271,753
68$7,320,938$306,427$0$3,509,698
69$7,966,364$220,131$0$3,770,981
70$8,674,431$126,416$0$4,058,055
71$9,451,430$24,818$0$4,373,632
72$10,304,287$0$0$4,720,707
73$11,240,634$0$0$5,141,008
74$12,268,875$0$0$5,614,978
75$13,398,270$0$0$6,135,705
76$14,639,019$0$0$6,707,909
77$16,002,359$0$0$7,336,787
78$17,500,671$0$0$8,028,069
79$19,147,591$0$0$8,788,063
80$20,958,145$0$0$9,623,723
81$22,948,888$0$0$10,542,707
82$25,138,056$0$0$11,553,454
83$27,545,743$0$0$12,665,263
84$30,194,088$0$0$13,888,376
85$33,107,482$0$0$15,234,082
86$36,312,801$0$0$16,714,816
87$39,839,655$0$0$18,344,281
88$43,720,672$0$0$20,137,575
89$47,991,799$0$0$22,111,334
90$52,692,648$0$0$24,283,887
91$57,866,862$0$0$26,675,432
92$63,562,532$0$0$29,308,225
93$69,832,648$0$0$32,206,787
94$76,735,598$0$0$35,398,140
95$84,335,720$0$0$38,912,058
96$92,703,906$0$0$42,781,350
97$101,918,275$0$0$47,042,168
98$112,064,904$0$0$51,734,348
99$123,238,644$0$0$56,901,789
100$135,544,015$0$0$62,592,860