Can I retire at age 41 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$79,276$78,570$77,881$77,208$76,552$73,631
2 years$39,245$38,515$37,806$37,119$36,453$33,545
3 years$25,904$25,170$24,463$23,783$23,127$20,323
4 years$19,234$18,502$17,803$17,134$16,495$13,816
5 years$15,234$14,506$13,816$13,161$12,539$9,992
6 years$12,567$11,845$11,165$10,525$9,922$7,509
7 years$10,664$9,948$9,278$8,653$8,069$5,790
8 years$9,236$8,527$7,869$7,259$6,694$4,546
9 years$8,127$7,424$6,777$6,183$5,637$3,617
10 years$7,240$6,544$5,909$5,330$4,803$2,907
11 years$6,515$5,826$5,202$4,638$4,131$2,355
12 years$5,911$5,229$4,617$4,068$3,580$1,919
13 years$5,400$4,725$4,125$3,592$3,122$1,572
14 years$4,963$4,295$3,706$3,188$2,736$1,292
15 years$4,584$3,924$3,346$2,844$2,409$1,066
16 years$4,253$3,600$3,034$2,546$2,129$881
17 years$3,961$3,316$2,760$2,288$1,888$730
18 years$3,702$3,064$2,520$2,062$1,679$606
19 years$3,471$2,839$2,307$1,863$1,496$504
20 years$3,263$2,639$2,117$1,687$1,337$419
21 years$3,075$2,458$1,947$1,531$1,196$349
22 years$2,904$2,294$1,795$1,392$1,072$291
23 years$2,748$2,146$1,657$1,268$962$243
24 years$2,606$2,010$1,533$1,156$865$202
25 years$2,475$1,887$1,420$1,056$778$169
26 years$2,354$1,773$1,317$966$701$141
27 years$2,243$1,669$1,223$884$632$118
28 years$2,140$1,572$1,136$810$570$99
29 years$2,044$1,483$1,058$743$515$82
30 years$1,954$1,401$985$682$465$69
31 years$1,871$1,324$918$626$421$58
32 years$1,792$1,253$857$575$381$48
33 years$1,719$1,187$800$529$344$40
34 years$1,650$1,125$748$487$312$34
35 years$1,586$1,067$699$448$282$28
36 years$1,525$1,013$654$413$256$24
37 years$1,467$962$612$380$232$20
38 years$1,413$914$573$350$210$17
39 years$1,361$869$537$323$191$14
40 years$1,312$827$503$298$173$12
41 years$1,266$787$472$275$157$10
42 years$1,222$750$443$254$142$8
43 years$1,180$714$415$234$129$7
44 years$1,141$681$390$216$117$6
45 years$1,103$649$366$200$106$5
46 years$1,067$619$344$185$97$4
47 years$1,032$591$323$170$88$3
48 years$999$564$304$158$80$3
49 years$967$539$285$146$72$2
50 years$937$515$268$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $960,000, adding $5,355 every year, while hoping to spend $40,751 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: 63/24/13 Blend
40$960,000$960,000$960,000$960,000
41$1,063,444$1,012,564$997,684$1,126,829
42$1,128,556$1,018,821$987,747$1,176,203
43$1,198,944$1,024,018$976,112$1,224,926
44$1,275,103$1,028,062$962,679$1,277,127
45$1,357,577$1,030,850$947,342$1,333,143
46$1,446,965$1,032,276$929,992$1,393,350
47$1,543,923$1,032,226$910,515$1,458,159
48$1,649,177$1,030,579$888,791$1,528,027
49$1,763,521$1,027,205$864,694$1,603,457
50$1,887,831$1,021,969$838,092$1,685,005
51$2,023,071$1,014,727$808,849$1,773,285
52$2,170,300$1,005,324$776,821$1,868,974
53$2,330,683$993,597$741,857$1,972,822
54$2,505,504$979,375$703,801$2,085,655
55$2,696,176$962,475$662,489$2,208,384
56$2,904,252$942,702$617,748$2,342,018
57$3,131,444$919,852$569,400$2,487,669
58$3,379,634$893,708$517,258$2,646,565
59$3,650,896$864,039$461,126$2,820,060
60$3,947,513$830,603$400,799$3,009,653
61$4,271,998$793,141$336,064$3,216,992
62$4,627,118$751,381$266,699$3,443,903
63$5,015,921$705,036$192,470$3,692,397
64$5,441,762$653,800$113,135$3,964,694
65$5,908,337$597,351$28,441$4,263,244
66$6,419,715$535,349$0$4,590,753
67$6,980,379$467,434$0$4,958,797
68$7,595,265$393,226$0$5,366,845
69$8,269,810$312,322$0$5,814,621
70$9,010,003$224,298$0$6,306,177
71$9,822,441$128,707$0$6,845,978
72$10,714,391$25,074$0$7,438,951
73$11,693,856$0$0$8,090,527
74$12,769,655$0$0$8,829,697
75$13,951,500$0$0$9,649,078
76$15,250,093$0$0$10,549,477
77$16,677,222$0$0$11,539,077
78$18,245,874$0$0$12,626,893
79$19,970,357$0$0$13,822,857
80$21,866,434$0$0$15,137,912
81$23,951,473$0$0$16,584,114
82$26,244,608$0$0$18,174,747
83$28,766,920$0$0$19,924,443
84$31,541,638$0$0$21,849,329
85$34,594,351$0$0$23,967,170
86$37,953,259$0$0$26,297,541
87$41,649,429$0$0$28,862,009
88$45,717,095$0$0$31,684,341
89$50,193,974$0$0$34,790,720
90$55,121,627$0$0$38,209,998
91$60,545,849$0$0$41,973,968
92$66,517,098$0$0$46,117,659
93$73,090,976$0$0$50,679,670
94$80,328,746$0$0$55,702,534
95$88,297,918$0$0$61,233,117
96$97,072,878$0$0$67,323,060
97$106,735,594$0$0$74,029,268
98$117,376,387$0$0$81,414,446
99$129,094,785$0$0$89,547,689
100$142,000,459$0$0$98,505,136