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%16.9%
1 years$80,515$79,797$79,098$78,415$77,748$75,562
2 years$39,859$39,116$38,397$37,699$37,023$34,837
3 years$26,309$25,563$24,845$24,154$23,489$21,372
4 years$19,535$18,791$18,081$17,402$16,752$14,721
5 years$15,472$14,733$14,032$13,366$12,735$10,794
6 years$12,764$12,030$11,340$10,689$10,077$8,228
7 years$10,830$10,103$9,423$8,788$8,195$6,439
8 years$9,381$8,660$7,992$7,372$6,799$5,134
9 years$8,254$7,540$6,883$6,279$5,725$4,150
10 years$7,353$6,646$6,001$5,413$4,878$3,391
11 years$6,617$5,917$5,283$4,711$4,196$2,793
12 years$6,003$5,311$4,689$4,132$3,636$2,316
13 years$5,485$4,799$4,189$3,648$3,170$1,931
14 years$5,040$4,362$3,764$3,238$2,779$1,616
15 years$4,656$3,985$3,398$2,888$2,447$1,358
16 years$4,320$3,656$3,081$2,586$2,163$1,144
17 years$4,023$3,367$2,804$2,323$1,918$966
18 years$3,760$3,112$2,559$2,094$1,705$817
19 years$3,525$2,884$2,343$1,892$1,520$693
20 years$3,314$2,680$2,150$1,714$1,357$588
21 years$3,123$2,496$1,978$1,555$1,215$500
22 years$2,949$2,330$1,823$1,414$1,089$425
23 years$2,791$2,179$1,683$1,288$977$362
24 years$2,647$2,042$1,557$1,174$879$308
25 years$2,514$1,916$1,442$1,073$791$263
26 years$2,391$1,801$1,337$981$712$224
27 years$2,278$1,695$1,242$898$642$191
28 years$2,173$1,597$1,154$822$579$163
29 years$2,076$1,507$1,074$754$523$139
30 years$1,985$1,423$1,000$692$473$119
31 years$1,900$1,345$933$636$427$102
32 years$1,820$1,273$870$584$387$87
33 years$1,746$1,205$813$537$350$74
34 years$1,676$1,142$759$494$317$63
35 years$1,610$1,083$710$455$287$54
36 years$1,549$1,028$664$419$260$46
37 years$1,490$977$622$386$236$40
38 years$1,435$928$582$356$214$34
39 years$1,383$883$545$328$194$29
40 years$1,333$840$511$303$176$25
41 years$1,286$799$479$279$159$21
42 years$1,241$761$450$258$145$18
43 years$1,199$725$422$238$131$16
44 years$1,158$691$396$220$119$13
45 years$1,120$659$372$203$108$11
46 years$1,083$629$349$187$98$10
47 years$1,048$600$328$173$89$8
48 years$1,015$573$308$160$81$7
49 years$983$547$290$148$74$6
50 years$952$523$272$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $975,000, adding $6,119 every year, while hoping to spend $57,952 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: 61/21/18 Blend
40$975,000$975,000$975,000$975,000
41$1,080,762$1,029,087$1,013,974$1,141,341
42$1,129,339$1,017,852$986,282$1,171,708
43$1,180,929$1,004,123$955,720$1,197,830
44$1,235,777$987,719$922,130$1,224,995
45$1,294,154$968,445$885,348$1,253,311
46$1,356,353$946,094$845,203$1,282,898
47$1,422,697$920,449$801,514$1,313,892
48$1,493,541$891,280$754,093$1,346,445
49$1,569,271$858,341$702,744$1,380,728
50$1,650,312$821,376$647,262$1,416,930
51$1,737,131$780,109$587,431$1,455,266
52$1,830,237$734,253$523,029$1,495,973
53$1,930,191$683,502$453,821$1,539,318
54$2,037,609$627,532$379,562$1,585,597
55$2,153,165$566,001$299,997$1,635,141
56$2,277,601$498,548$214,861$1,688,321
57$2,411,731$424,792$123,873$1,745,547
58$2,556,450$344,329$26,745$1,807,279
59$2,712,740$256,733$0$1,874,027
60$2,881,680$161,554$0$1,961,129
61$3,064,458$58,317$0$2,060,889
62$3,262,379$0$0$2,168,931
63$3,476,875$0$0$2,298,460
64$3,709,525$0$0$2,453,630
65$3,962,062$0$0$2,622,131
66$4,236,394$0$0$2,805,244
67$4,534,619$0$0$3,004,376
68$4,859,046$0$0$3,221,080
69$5,212,215$0$0$3,457,061
70$5,596,919$0$0$3,714,196
71$6,016,234$0$0$3,994,551
72$6,473,545$0$0$4,300,399
73$6,972,576$0$0$4,634,244
74$7,517,429$0$0$4,998,840
75$8,112,617$0$0$5,397,220
76$8,763,109$0$0$5,832,722
77$9,474,376$0$0$6,309,022
78$10,252,442$0$0$6,830,168
79$11,103,937$0$0$7,400,616
80$12,036,167$0$0$8,025,274
81$13,057,171$0$0$8,709,545
82$14,175,808$0$0$9,459,381
83$15,401,831$0$0$10,281,336
84$16,745,980$0$0$11,182,630
85$18,220,087$0$0$12,171,212
86$19,837,183$0$0$13,255,840
87$21,611,620$0$0$14,446,160
88$23,559,207$0$0$15,752,797
89$25,697,359$0$0$17,187,454
90$28,045,258$0$0$18,763,024
91$30,624,037$0$0$20,493,709
92$33,456,973$0$0$22,395,156
93$36,569,711$0$0$24,484,599
94$39,990,502$0$0$26,781,027
95$43,750,471$0$0$29,305,359
96$47,883,905$0$0$32,080,642
97$52,428,583$0$0$35,132,267
98$57,426,125$0$0$38,488,209
99$62,922,385$0$0$42,179,290
100$68,967,886$0$0$46,239,467