Can I retire at age 41 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$80,102$79,388$78,692$78,013$77,349$74,813
2 years$39,654$38,916$38,200$37,506$36,833$34,302
3 years$26,174$25,432$24,718$24,030$23,368$20,922
4 years$19,435$18,695$17,988$17,313$16,666$14,324
5 years$15,392$14,657$13,960$13,298$12,670$10,437
6 years$12,698$11,969$11,282$10,634$10,025$7,904
7 years$10,775$10,051$9,375$8,743$8,153$6,143
8 years$9,333$8,616$7,951$7,334$6,764$4,863
9 years$8,212$7,502$6,848$6,247$5,696$3,903
10 years$7,315$6,612$5,970$5,385$4,853$3,165
11 years$6,583$5,887$5,256$4,687$4,174$2,587
12 years$5,972$5,283$4,665$4,111$3,617$2,128
13 years$5,456$4,775$4,168$3,629$3,154$1,760
14 years$5,015$4,340$3,745$3,222$2,765$1,461
15 years$4,632$3,965$3,381$2,873$2,434$1,217
16 years$4,297$3,638$3,065$2,573$2,152$1,016
17 years$4,003$3,350$2,789$2,311$1,908$851
18 years$3,741$3,096$2,546$2,083$1,696$714
19 years$3,507$2,869$2,331$1,882$1,512$599
20 years$3,297$2,666$2,139$1,705$1,350$504
21 years$3,107$2,483$1,968$1,547$1,209$424
22 years$2,934$2,318$1,814$1,407$1,083$358
23 years$2,777$2,168$1,674$1,281$972$302
24 years$2,633$2,031$1,549$1,168$874$255
25 years$2,501$1,906$1,434$1,067$786$215
26 years$2,379$1,792$1,330$976$708$182
27 years$2,266$1,686$1,235$893$639$153
28 years$2,162$1,589$1,148$818$576$130
29 years$2,065$1,499$1,069$750$520$110
30 years$1,975$1,415$995$689$470$93
31 years$1,890$1,338$928$632$425$78
32 years$1,811$1,266$866$581$385$66
33 years$1,737$1,199$808$535$348$56
34 years$1,668$1,136$755$492$315$47
35 years$1,602$1,078$706$453$285$40
36 years$1,541$1,023$661$417$259$34
37 years$1,482$972$618$384$234$29
38 years$1,427$923$579$354$212$24
39 years$1,375$878$542$326$193$21
40 years$1,326$835$508$301$175$17
41 years$1,279$795$477$278$159$15
42 years$1,235$757$447$256$144$13
43 years$1,193$722$420$237$131$11
44 years$1,152$688$394$219$119$9
45 years$1,114$656$370$202$108$8
46 years$1,078$626$347$186$98$6
47 years$1,043$597$326$172$89$5
48 years$1,009$570$307$159$81$5
49 years$978$544$288$147$73$4
50 years$947$520$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $970,000, adding $4,476 every year, while hoping to spend $23,927 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: 47/45/8 Blend
40$970,000$970,000$970,000$970,000
41$1,073,557$1,022,147$1,007,112$1,121,475
42$1,157,602$1,046,774$1,015,392$1,179,501
43$1,249,417$1,071,806$1,023,148$1,239,571
44$1,349,770$1,097,237$1,030,336$1,304,207
45$1,459,506$1,123,061$1,036,912$1,373,840
46$1,579,555$1,149,271$1,042,827$1,448,943
47$1,710,941$1,175,856$1,048,034$1,530,040
48$1,854,793$1,202,808$1,052,478$1,617,704
49$2,012,350$1,230,115$1,056,105$1,712,570
50$2,184,983$1,257,763$1,058,857$1,815,335
51$2,374,196$1,285,739$1,060,674$1,926,766
52$2,581,649$1,314,025$1,061,491$2,047,712
53$2,809,169$1,342,603$1,061,243$2,179,103
54$3,058,767$1,371,454$1,059,858$2,321,966
55$3,332,661$1,400,556$1,057,263$2,477,434
56$3,633,292$1,429,882$1,053,381$2,646,753
57$3,963,350$1,459,408$1,048,131$2,831,297
58$4,325,796$1,489,104$1,041,428$3,032,579
59$4,723,895$1,518,938$1,033,183$3,252,267
60$5,161,241$1,548,875$1,023,304$3,492,200
61$5,641,795$1,578,877$1,011,692$3,754,402
62$6,169,920$1,608,904$998,246$4,041,107
63$6,750,423$1,638,911$982,857$4,354,773
64$7,388,599$1,668,850$965,416$4,698,112
65$8,090,282$1,698,670$945,803$5,074,112
66$8,861,900$1,728,314$923,897$5,486,065
67$9,710,535$1,757,723$899,569$5,937,601
68$10,643,990$1,786,831$872,685$6,432,719
69$11,670,861$1,815,570$843,103$6,975,827
70$12,800,620$1,843,864$810,679$7,571,785
71$14,043,703$1,871,634$775,256$8,225,946
72$15,411,610$1,898,792$736,676$8,944,213
73$16,917,009$1,925,249$694,771$9,733,092
74$18,573,863$1,950,904$649,364$10,599,751
75$20,397,551$1,975,653$600,272$11,552,093
76$22,405,024$1,999,383$547,304$12,598,829
77$24,614,958$2,021,974$490,260$13,749,557
78$27,047,930$2,043,297$428,930$15,014,858
79$29,726,617$2,063,216$363,097$16,406,394
80$32,676,003$2,081,585$292,532$17,937,019
81$35,923,620$2,098,248$216,996$19,620,900
82$39,499,806$2,113,039$136,243$21,473,651
83$43,437,991$2,125,782$50,011$23,512,481
84$47,775,010$2,136,290$0$25,756,360
85$52,551,455$2,144,362$0$28,229,780
86$57,812,055$2,149,787$0$30,956,985
87$63,606,096$2,152,338$0$33,959,124
88$69,987,892$2,151,777$0$37,264,214
89$77,017,292$2,147,849$0$40,903,133
90$84,760,245$2,140,283$0$44,909,912
91$93,289,426$2,128,792$0$49,322,057
92$102,684,917$2,113,074$0$54,180,901
93$113,034,969$2,092,804$0$59,532,000
94$124,436,825$2,067,640$0$65,425,560
95$136,997,647$2,037,221$0$71,916,913
96$150,835,524$2,001,162$0$79,067,040
97$166,080,585$1,959,056$0$86,943,147
98$182,876,226$1,910,471$0$95,619,303
99$201,380,468$1,854,951$0$105,177,137
100$221,767,445$1,792,014$0$115,706,611