Can I retire at age 41 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$80,927$80,207$79,503$78,817$78,147$77,298
2 years$40,063$39,317$38,594$37,893$37,213$36,359
3 years$26,443$25,694$24,973$24,278$23,609$22,776
4 years$19,635$18,888$18,174$17,491$16,838$16,032
5 years$15,551$14,808$14,104$13,435$12,800$12,023
6 years$12,829$12,092$11,398$10,744$10,128$9,382
7 years$10,886$10,155$9,472$8,833$8,237$7,521
8 years$9,429$8,705$8,033$7,410$6,833$6,148
9 years$8,296$7,579$6,919$6,312$5,755$5,100
10 years$7,391$6,680$6,032$5,441$4,903$4,279
11 years$6,650$5,947$5,310$4,735$4,217$3,622
12 years$6,034$5,338$4,713$4,153$3,654$3,088
13 years$5,513$4,824$4,211$3,667$3,187$2,649
14 years$5,066$4,385$3,783$3,255$2,793$2,283
15 years$4,680$4,006$3,416$2,903$2,460$1,975
16 years$4,342$3,675$3,097$2,599$2,174$1,715
17 years$4,044$3,385$2,818$2,335$1,927$1,494
18 years$3,779$3,128$2,572$2,105$1,714$1,304
19 years$3,543$2,899$2,355$1,902$1,528$1,141
20 years$3,331$2,693$2,161$1,722$1,364$1,001
21 years$3,139$2,509$1,988$1,563$1,221$878
22 years$2,964$2,342$1,832$1,421$1,094$772
23 years$2,806$2,190$1,692$1,294$982$680
24 years$2,660$2,052$1,565$1,181$883$599
25 years$2,527$1,926$1,449$1,078$795$528
26 years$2,403$1,810$1,344$986$716$467
27 years$2,290$1,703$1,248$902$645$412
28 years$2,184$1,605$1,160$827$582$364
29 years$2,086$1,514$1,080$758$526$322
30 years$1,995$1,430$1,006$696$475$285
31 years$1,910$1,352$938$639$430$252
32 years$1,830$1,279$875$587$389$223
33 years$1,755$1,211$817$540$352$198
34 years$1,685$1,148$763$497$318$175
35 years$1,619$1,089$713$457$288$155
36 years$1,556$1,034$667$421$261$138
37 years$1,498$982$625$388$237$122
38 years$1,442$933$585$358$215$108
39 years$1,390$887$548$330$195$96
40 years$1,340$844$514$304$177$85
41 years$1,293$803$482$281$160$76
42 years$1,248$765$452$259$145$67
43 years$1,205$729$424$239$132$60
44 years$1,164$695$398$221$120$53
45 years$1,126$663$374$204$109$47
46 years$1,089$632$351$188$99$42
47 years$1,054$603$330$174$90$37
48 years$1,020$576$310$161$81$33
49 years$988$550$291$149$74$29
50 years$957$525$274$137$67$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $980,000, adding $3,945 every year, while hoping to spend $51,279 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: 47/32/21 Blend
40$980,000$980,000$980,000$980,000
41$1,084,029$1,032,089$1,016,899$1,128,329
42$1,140,040$1,028,101$996,405$1,155,695
43$1,200,045$1,022,199$973,505$1,179,944
44$1,264,397$1,014,235$948,066$1,205,205
45$1,333,485$1,004,052$919,946$1,231,597
46$1,407,734$991,484$888,997$1,259,251
47$1,487,611$976,354$855,066$1,288,316
48$1,573,627$958,476$817,991$1,318,962
49$1,666,348$937,652$777,604$1,351,376
50$1,766,391$913,672$733,729$1,385,771
51$1,874,435$886,314$686,182$1,422,384
52$1,991,228$855,344$634,769$1,461,482
53$2,117,590$820,513$579,291$1,503,363
54$2,254,423$781,557$519,537$1,548,360
55$2,402,720$738,199$455,287$1,596,846
56$2,563,572$690,145$386,313$1,649,239
57$2,738,177$637,083$312,375$1,706,002
58$2,927,855$578,684$233,223$1,767,655
59$3,134,057$514,600$148,598$1,834,777
60$3,358,380$444,465$58,225$1,908,011
61$3,602,580$367,889$0$1,988,077
62$3,868,591$284,463$0$2,084,336
63$4,158,539$193,754$0$2,203,595
64$4,474,765$95,303$0$2,333,850
65$4,819,847$0$0$2,476,275
66$5,196,619$0$0$2,636,171
67$5,608,204$0$0$2,847,603
68$6,058,038$0$0$3,078,792
69$6,549,907$0$0$3,331,695
70$7,087,976$0$0$3,608,468
71$7,676,832$0$0$3,911,485
72$8,321,526$0$0$4,243,362
73$9,027,622$0$0$4,606,976
74$9,801,244$0$0$5,005,499
75$10,649,139$0$0$5,442,423
76$11,578,737$0$0$5,921,593
77$12,598,220$0$0$6,447,246
78$13,716,602$0$0$7,024,048
79$14,943,810$0$0$7,657,138
80$16,290,778$0$0$8,352,177
81$17,769,553$0$0$9,115,401
82$19,393,401$0$0$9,953,680
83$21,176,940$0$0$10,874,581
84$23,136,270$0$0$11,886,442
85$25,289,130$0$0$12,998,446
86$27,655,059$0$0$14,220,711
87$30,255,585$0$0$15,564,385
88$33,114,427$0$0$17,041,748
89$36,257,712$0$0$18,666,331
90$39,714,229$0$0$20,453,041
91$43,515,696$0$0$22,418,301
92$47,697,056$0$0$24,580,208
93$52,296,812$0$0$26,958,699
94$57,357,384$0$0$29,575,743
95$62,925,514$0$0$32,455,544
96$69,052,700$0$0$35,624,771
97$75,795,685$0$0$39,112,811
98$83,216,992$0$0$42,952,041
99$91,385,512$0$0$47,178,140
100$100,377,154$0$0$51,830,417