Can I retire at age 41 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$80,515$79,797$79,098$78,415$77,748$76,618
2 years$39,859$39,116$38,397$37,699$37,023$35,886
3 years$26,309$25,563$24,845$24,154$23,489$22,382
4 years$19,535$18,791$18,081$17,402$16,752$15,683
5 years$15,472$14,733$14,032$13,366$12,735$11,706
6 years$12,764$12,030$11,340$10,689$10,077$9,090
7 years$10,830$10,103$9,423$8,788$8,195$7,251
8 years$9,381$8,660$7,992$7,372$6,799$5,897
9 years$8,254$7,540$6,883$6,279$5,725$4,866
10 years$7,353$6,646$6,001$5,413$4,878$4,060
11 years$6,617$5,917$5,283$4,711$4,196$3,417
12 years$6,003$5,311$4,689$4,132$3,636$2,897
13 years$5,485$4,799$4,189$3,648$3,170$2,470
14 years$5,040$4,362$3,764$3,238$2,779$2,116
15 years$4,656$3,985$3,398$2,888$2,447$1,820
16 years$4,320$3,656$3,081$2,586$2,163$1,571
17 years$4,023$3,367$2,804$2,323$1,918$1,359
18 years$3,760$3,112$2,559$2,094$1,705$1,179
19 years$3,525$2,884$2,343$1,892$1,520$1,025
20 years$3,314$2,680$2,150$1,714$1,357$893
21 years$3,123$2,496$1,978$1,555$1,215$779
22 years$2,949$2,330$1,823$1,414$1,089$680
23 years$2,791$2,179$1,683$1,288$977$594
24 years$2,647$2,042$1,557$1,174$879$520
25 years$2,514$1,916$1,442$1,073$791$455
26 years$2,391$1,801$1,337$981$712$399
27 years$2,278$1,695$1,242$898$642$350
28 years$2,173$1,597$1,154$822$579$307
29 years$2,076$1,507$1,074$754$523$270
30 years$1,985$1,423$1,000$692$473$237
31 years$1,900$1,345$933$636$427$208
32 years$1,820$1,273$870$584$387$183
33 years$1,746$1,205$813$537$350$161
34 years$1,676$1,142$759$494$317$141
35 years$1,610$1,083$710$455$287$124
36 years$1,549$1,028$664$419$260$109
37 years$1,490$977$622$386$236$96
38 years$1,435$928$582$356$214$85
39 years$1,383$883$545$328$194$75
40 years$1,333$840$511$303$176$66
41 years$1,286$799$479$279$159$58
42 years$1,241$761$450$258$145$51
43 years$1,199$725$422$238$131$45
44 years$1,158$691$396$220$119$39
45 years$1,120$659$372$203$108$35
46 years$1,083$629$349$187$98$31
47 years$1,048$600$328$173$89$27
48 years$1,015$573$308$160$81$24
49 years$983$547$290$148$74$21
50 years$952$523$272$137$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $975,000, adding $2,487 every year, while hoping to spend $36,544 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: 51/26/23 Blend
40$975,000$975,000$975,000$975,000
41$1,077,015$1,025,340$1,010,228$1,124,906
42$1,147,988$1,036,699$1,005,188$1,169,698
43$1,224,976$1,047,390$998,754$1,214,441
44$1,308,553$1,057,342$990,842$1,262,338
45$1,399,351$1,066,478$981,361$1,313,701
46$1,498,067$1,074,717$970,219$1,368,877
47$1,605,465$1,081,973$957,316$1,428,250
48$1,722,387$1,088,155$942,552$1,492,243
49$1,849,761$1,093,165$925,817$1,561,324
50$1,988,604$1,096,898$907,000$1,636,013
51$2,140,040$1,099,244$885,982$1,716,880
52$2,305,304$1,100,086$862,642$1,804,561
53$2,485,753$1,099,299$836,849$1,899,752
54$2,682,887$1,096,751$808,470$2,003,229
55$2,898,350$1,092,301$777,363$2,115,845
56$3,133,958$1,085,800$743,381$2,238,543
57$3,391,707$1,077,089$706,369$2,372,367
58$3,673,796$1,066,002$666,168$2,518,468
59$3,982,647$1,052,359$622,608$2,678,118
60$4,320,925$1,035,973$575,514$2,852,724
61$4,691,567$1,016,644$524,701$3,043,837
62$5,097,807$994,159$469,978$3,253,172
63$5,543,206$968,295$411,145$3,482,621
64$6,031,686$938,815$347,992$3,734,274
65$6,567,568$905,467$280,299$4,010,440
66$7,155,610$867,985$207,840$4,313,666
67$7,801,055$826,089$130,375$4,646,765
68$8,509,675$779,480$47,655$5,012,841
69$9,287,831$727,844$0$5,415,323
70$10,142,530$670,848$0$5,867,961
71$11,081,489$608,141$0$6,378,089
72$12,113,211$539,350$0$6,938,678
73$13,247,063$464,083$0$7,554,884
74$14,493,365$381,924$0$8,232,394
75$15,863,485$292,435$0$8,977,475
76$17,369,950$195,153$0$9,797,043
77$19,026,557$89,589$0$10,698,717
78$20,848,513$0$0$11,690,901
79$22,852,566$0$0$12,789,949
80$25,057,175$0$0$14,027,294
81$27,482,674$0$0$15,388,729
82$30,151,468$0$0$16,886,847
83$33,088,245$0$0$18,535,519
84$36,320,204$0$0$20,350,032
85$39,877,318$0$0$22,347,227
86$43,792,609$0$0$24,545,664
87$48,102,466$0$0$26,965,790
88$52,846,983$0$0$29,630,137
89$58,070,339$0$0$32,563,534
90$63,821,217$0$0$35,793,338
91$70,153,257$0$0$39,349,694
92$77,125,566$0$0$43,265,819
93$84,803,277$0$0$47,578,317
94$93,258,157$0$0$52,327,520
95$102,569,291$0$0$57,557,872
96$112,823,823$0$0$63,318,348
97$124,117,780$0$0$69,662,915
98$136,556,977$0$0$76,651,039
99$150,258,016$0$0$84,348,251
100$165,349,387$0$0$92,826,760