Can I retire at age 41 with 1,000,000?

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 $1,000,000?

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 years$82,579$81,843$81,126$80,425$79,741$77,158
2 years$40,881$40,119$39,381$38,666$37,972$35,394
3 years$26,983$26,218$25,482$24,774$24,091$21,598
4 years$20,036$19,273$18,545$17,848$17,182$14,794
5 years$15,868$15,111$14,391$13,709$13,061$10,785
6 years$13,091$12,339$11,630$10,963$10,335$8,172
7 years$11,108$10,362$9,665$9,013$8,405$6,355
8 years$9,621$8,882$8,197$7,561$6,973$5,034
9 years$8,466$7,734$7,060$6,440$5,872$4,043
10 years$7,542$6,817$6,155$5,552$5,003$3,280
11 years$6,786$6,069$5,419$4,832$4,303$2,683
12 years$6,157$5,447$4,809$4,238$3,729$2,209
13 years$5,625$4,922$4,296$3,742$3,252$1,828
14 years$5,170$4,474$3,860$3,321$2,850$1,518
15 years$4,775$4,087$3,485$2,962$2,510$1,266
16 years$4,430$3,750$3,160$2,652$2,218$1,058
17 years$4,126$3,454$2,875$2,383$1,967$886
18 years$3,857$3,191$2,625$2,148$1,749$744
19 years$3,615$2,958$2,403$1,940$1,559$625
20 years$3,399$2,748$2,205$1,757$1,392$526
21 years$3,203$2,560$2,029$1,595$1,246$443
22 years$3,025$2,390$1,870$1,450$1,117$374
23 years$2,863$2,235$1,726$1,321$1,002$316
24 years$2,714$2,094$1,596$1,205$901$267
25 years$2,578$1,965$1,479$1,100$811$225
26 years$2,453$1,847$1,371$1,006$730$190
27 years$2,336$1,738$1,273$921$658$161
28 years$2,229$1,638$1,184$844$594$136
29 years$2,129$1,545$1,102$774$537$115
30 years$2,036$1,459$1,026$710$485$98
31 years$1,949$1,380$957$652$438$83
32 years$1,867$1,305$893$599$396$70
33 years$1,791$1,236$833$551$359$59
34 years$1,719$1,172$779$507$325$50
35 years$1,652$1,111$728$467$294$42
36 years$1,588$1,055$681$430$267$36
37 years$1,528$1,002$637$396$242$30
38 years$1,472$952$597$365$219$26
39 years$1,418$905$559$337$199$22
40 years$1,367$861$524$310$180$19
41 years$1,319$820$492$286$163$16
42 years$1,273$781$461$264$148$13
43 years$1,230$744$433$244$135$11
44 years$1,188$709$406$225$122$10
45 years$1,149$676$381$208$111$8
46 years$1,111$645$358$192$101$7
47 years$1,075$616$336$178$91$6
48 years$1,041$588$316$164$83$5
49 years$1,008$561$297$152$75$4
50 years$976$536$279$140$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,000,000, adding $5,825 every year, while hoping to spend $55,097 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: 59/29/12 Blend
40$1,000,000$1,000,000$1,000,000$1,000,000
41$1,108,008$1,055,008$1,039,508$1,169,798
42$1,162,403$1,048,081$1,015,709$1,205,173
43$1,220,498$1,038,968$989,266$1,237,038
44$1,282,615$1,027,503$960,032$1,270,461
45$1,349,103$1,013,512$927,854$1,305,597
46$1,420,345$996,808$892,572$1,342,620
47$1,496,765$977,195$854,017$1,381,722
48$1,578,822$954,465$812,014$1,423,119
49$1,667,025$928,397$766,380$1,467,052
50$1,761,930$898,758$716,922$1,513,787
51$1,864,149$865,299$663,441$1,563,622
52$1,974,354$827,760$605,727$1,616,888
53$2,093,281$785,863$543,562$1,673,955
54$2,221,741$739,316$476,717$1,735,230
55$2,360,625$687,808$404,953$1,801,171
56$2,510,911$631,014$328,022$1,872,282
57$2,673,676$568,585$245,663$1,949,126
58$2,850,102$500,158$157,604$2,032,329
59$3,041,491$425,344$63,562$2,122,582
60$3,249,273$343,736$0$2,220,655
61$3,475,022$254,901$0$2,332,113
62$3,720,468$158,385$0$2,462,184
63$3,987,516$53,706$0$2,603,813
64$4,278,261$0$0$2,758,205
65$4,595,008$0$0$2,945,732
66$4,940,295$0$0$3,168,912
67$5,316,915$0$0$3,412,423
68$5,727,939$0$0$3,678,260
69$6,176,753$0$0$3,968,623
70$6,667,079$0$0$4,285,930
71$7,203,017$0$0$4,632,848
72$7,789,083$0$0$5,012,308
73$8,430,244$0$0$5,427,540
74$9,131,974$0$0$5,882,101
75$9,900,299$0$0$6,379,908
76$10,741,855$0$0$6,925,273
77$11,663,948$0$0$7,522,945
78$12,674,627$0$0$8,178,156
79$13,782,755$0$0$8,896,666
80$14,998,095$0$0$9,684,821
81$16,331,399$0$0$10,549,609
82$17,794,510$0$0$11,498,729
83$19,400,474$0$0$12,540,661
84$21,163,660$0$0$13,684,746
85$23,099,898$0$0$14,941,272
86$25,226,625$0$0$16,321,576
87$27,563,049$0$0$17,838,144
88$30,130,333$0$0$19,504,733
89$32,951,790$0$0$21,336,497
90$36,053,102$0$0$23,350,133
91$39,462,565$0$0$25,564,035
92$43,211,353$0$0$27,998,470
93$47,333,811$0$0$30,675,764
94$51,867,780$0$0$33,620,518
95$56,854,949$0$0$36,859,835
96$62,341,254$0$0$40,423,578
97$68,377,306$0$0$44,344,650
98$75,018,869$0$0$48,659,305
99$82,327,383$0$0$53,407,487
100$90,370,549$0$0$58,633,208