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%18.5%
1 years$82,579$81,843$81,126$80,425$79,741$77,004
2 years$40,881$40,119$39,381$38,666$37,972$35,242
3 years$26,983$26,218$25,482$24,774$24,091$21,454
4 years$20,036$19,273$18,545$17,848$17,182$14,658
5 years$15,868$15,111$14,391$13,709$13,061$10,658
6 years$13,091$12,339$11,630$10,963$10,335$8,053
7 years$11,108$10,362$9,665$9,013$8,405$6,245
8 years$9,621$8,882$8,197$7,561$6,973$4,932
9 years$8,466$7,734$7,060$6,440$5,872$3,949
10 years$7,542$6,817$6,155$5,552$5,003$3,194
11 years$6,786$6,069$5,419$4,832$4,303$2,604
12 years$6,157$5,447$4,809$4,238$3,729$2,137
13 years$5,625$4,922$4,296$3,742$3,252$1,762
14 years$5,170$4,474$3,860$3,321$2,850$1,459
15 years$4,775$4,087$3,485$2,962$2,510$1,212
16 years$4,430$3,750$3,160$2,652$2,218$1,009
17 years$4,126$3,454$2,875$2,383$1,967$842
18 years$3,857$3,191$2,625$2,148$1,749$704
19 years$3,615$2,958$2,403$1,940$1,559$590
20 years$3,399$2,748$2,205$1,757$1,392$494
21 years$3,203$2,560$2,029$1,595$1,246$415
22 years$3,025$2,390$1,870$1,450$1,117$349
23 years$2,863$2,235$1,726$1,321$1,002$293
24 years$2,714$2,094$1,596$1,205$901$247
25 years$2,578$1,965$1,479$1,100$811$207
26 years$2,453$1,847$1,371$1,006$730$175
27 years$2,336$1,738$1,273$921$658$147
28 years$2,229$1,638$1,184$844$594$124
29 years$2,129$1,545$1,102$774$537$104
30 years$2,036$1,459$1,026$710$485$88
31 years$1,949$1,380$957$652$438$74
32 years$1,867$1,305$893$599$396$63
33 years$1,791$1,236$833$551$359$53
34 years$1,719$1,172$779$507$325$45
35 years$1,652$1,111$728$467$294$38
36 years$1,588$1,055$681$430$267$32
37 years$1,528$1,002$637$396$242$27
38 years$1,472$952$597$365$219$23
39 years$1,418$905$559$337$199$19
40 years$1,367$861$524$310$180$16
41 years$1,319$820$492$286$163$14
42 years$1,273$781$461$264$148$11
43 years$1,230$744$433$244$135$10
44 years$1,188$709$406$225$122$8
45 years$1,149$676$381$208$111$7
46 years$1,111$645$358$192$101$6
47 years$1,075$616$336$178$91$5
48 years$1,041$588$316$164$83$4
49 years$1,008$561$297$152$75$3
50 years$976$536$279$140$69$3

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 $5,972 every year, while hoping to spend $38,254 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: 34/45/21 Blend
40$1,000,000$1,000,000$1,000,000$1,000,000
41$1,108,160$1,055,160$1,039,660$1,138,544
42$1,180,490$1,066,161$1,033,787$1,172,551
43$1,258,916$1,076,419$1,026,435$1,205,264
44$1,344,019$1,085,857$1,017,514$1,239,753
45$1,436,439$1,094,393$1,006,930$1,276,200
46$1,536,877$1,101,940$994,584$1,314,806
47$1,646,110$1,108,406$980,373$1,355,794
48$1,764,986$1,113,692$964,189$1,399,412
49$1,894,444$1,117,692$945,919$1,445,939
50$2,035,514$1,120,295$925,443$1,495,681
51$2,189,329$1,121,382$902,638$1,548,981
52$2,357,139$1,120,828$877,375$1,606,220
53$2,540,317$1,118,499$849,517$1,667,819
54$2,740,376$1,114,251$818,922$1,734,247
55$2,958,980$1,107,936$785,442$1,806,024
56$3,197,964$1,099,392$748,922$1,883,730
57$3,459,344$1,088,451$709,199$1,968,004
58$3,745,344$1,074,932$666,104$2,059,558
59$4,058,410$1,058,644$619,459$2,159,179
60$4,401,236$1,039,386$569,080$2,267,743
61$4,776,790$1,016,944$514,772$2,386,218
62$5,188,339$991,091$456,333$2,515,678
63$5,639,483$961,587$393,553$2,657,311
64$6,134,184$928,178$326,211$2,812,436
65$6,676,807$890,596$254,076$2,982,512
66$7,272,162$848,556$176,908$3,169,153
67$7,925,544$801,757$94,456$3,374,148
68$8,642,787$749,880$6,458$3,599,475
69$9,430,318$692,591$0$3,847,325
70$10,295,214$629,532$0$4,139,715
71$11,245,275$560,327$0$4,462,547
72$12,289,090$484,580$0$4,817,404
73$13,436,123$401,871$0$5,207,634
74$14,696,800$311,755$0$5,636,931
75$16,082,608$213,765$0$6,109,379
76$17,606,200$107,406$0$6,629,485
77$19,281,518$0$0$7,202,225
78$21,123,923$0$0$7,836,977
79$23,150,336$0$0$8,593,786
80$25,379,405$0$0$9,426,447
81$27,831,673$0$0$10,342,658
82$30,529,774$0$0$11,350,895
83$33,498,649$0$0$12,460,501
84$36,765,776$0$0$13,681,769
85$40,361,434$0$0$15,026,040
86$44,318,983$0$0$16,505,813
87$48,675,184$0$0$18,134,856
88$53,470,541$0$0$19,928,343
89$58,749,685$0$0$21,902,994
90$64,561,794$0$0$24,077,231
91$70,961,056$0$0$26,471,354
92$78,007,183$0$0$29,107,732
93$85,765,970$0$0$32,011,014
94$94,309,918$0$0$35,208,362
95$103,718,917$0$0$38,729,703
96$114,080,999$0$0$42,608,020
97$125,493,171$0$0$46,879,653
98$138,062,325$0$0$51,584,650
99$151,906,252$0$0$56,767,139
100$167,154,749$0$0$62,475,750