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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$82,579$81,843$81,126$80,425$79,741$76,578
2 years$40,881$40,119$39,381$38,666$37,972$34,824
3 years$26,983$26,218$25,482$24,774$24,091$21,057
4 years$20,036$19,273$18,545$17,848$17,182$14,286
5 years$15,868$15,111$14,391$13,709$13,061$10,311
6 years$13,091$12,339$11,630$10,963$10,335$7,731
7 years$11,108$10,362$9,665$9,013$8,405$5,947
8 years$9,621$8,882$8,197$7,561$6,973$4,658
9 years$8,466$7,734$7,060$6,440$5,872$3,698
10 years$7,542$6,817$6,155$5,552$5,003$2,965
11 years$6,786$6,069$5,419$4,832$4,303$2,395
12 years$6,157$5,447$4,809$4,238$3,729$1,947
13 years$5,625$4,922$4,296$3,742$3,252$1,590
14 years$5,170$4,474$3,860$3,321$2,850$1,304
15 years$4,775$4,087$3,485$2,962$2,510$1,072
16 years$4,430$3,750$3,160$2,652$2,218$884
17 years$4,126$3,454$2,875$2,383$1,967$730
18 years$3,857$3,191$2,625$2,148$1,749$604
19 years$3,615$2,958$2,403$1,940$1,559$501
20 years$3,399$2,748$2,205$1,757$1,392$415
21 years$3,203$2,560$2,029$1,595$1,246$345
22 years$3,025$2,390$1,870$1,450$1,117$286
23 years$2,863$2,235$1,726$1,321$1,002$238
24 years$2,714$2,094$1,596$1,205$901$198
25 years$2,578$1,965$1,479$1,100$811$165
26 years$2,453$1,847$1,371$1,006$730$137
27 years$2,336$1,738$1,273$921$658$114
28 years$2,229$1,638$1,184$844$594$95
29 years$2,129$1,545$1,102$774$537$79
30 years$2,036$1,459$1,026$710$485$66
31 years$1,949$1,380$957$652$438$55
32 years$1,867$1,305$893$599$396$46
33 years$1,791$1,236$833$551$359$38
34 years$1,719$1,172$779$507$325$32
35 years$1,652$1,111$728$467$294$27
36 years$1,588$1,055$681$430$267$22
37 years$1,528$1,002$637$396$242$19
38 years$1,472$952$597$365$219$15
39 years$1,418$905$559$337$199$13
40 years$1,367$861$524$310$180$11
41 years$1,319$820$492$286$163$9
42 years$1,273$781$461$264$148$7
43 years$1,230$744$433$244$135$6
44 years$1,188$709$406$225$122$5
45 years$1,149$676$381$208$111$4
46 years$1,111$645$358$192$101$4
47 years$1,075$616$336$178$91$3
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$2
50 years$976$536$279$140$69$2

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 $5,179 every year, while hoping to spend $35,957 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: 31/44/25 Blend
40$1,000,000$1,000,000$1,000,000$1,000,000
41$1,107,342$1,054,342$1,038,842$1,133,014
42$1,182,033$1,067,747$1,035,385$1,166,508
43$1,263,137$1,080,603$1,030,608$1,198,989
44$1,351,271$1,092,847$1,024,427$1,233,228
45$1,447,112$1,104,408$1,016,757$1,269,402
46$1,551,407$1,115,213$1,007,507$1,307,710
47$1,664,975$1,125,183$996,583$1,348,370
48$1,788,720$1,134,234$983,886$1,391,628
49$1,923,635$1,142,277$969,312$1,437,754
50$2,070,814$1,149,217$952,752$1,487,050
51$2,231,461$1,154,953$934,094$1,539,852
52$2,406,901$1,159,377$913,216$1,596,531
53$2,598,592$1,162,373$889,997$1,657,502
54$2,808,141$1,163,822$864,304$1,723,222
55$3,037,315$1,163,593$836,002$1,794,202
56$3,288,062$1,161,550$804,948$1,871,006
57$3,562,524$1,157,546$770,994$1,954,262
58$3,863,062$1,151,426$733,983$2,044,663
59$4,192,276$1,143,028$693,753$2,142,980
60$4,553,028$1,132,176$650,134$2,250,066
61$4,948,471$1,118,686$602,947$2,366,869
62$5,382,076$1,102,363$552,007$2,494,435
63$5,857,668$1,082,999$497,119$2,633,926
64$6,379,459$1,060,375$438,082$2,786,626
65$6,952,088$1,034,258$374,682$2,953,959
66$7,580,667$1,004,401$306,699$3,137,500
67$8,270,823$970,546$233,902$3,338,991
68$9,028,759$932,414$156,049$3,560,363
69$9,861,304$889,715$72,889$3,803,749
70$10,775,986$842,139$0$4,071,509
71$11,781,093$789,360$0$4,370,484
72$12,885,758$731,032$0$4,720,355
73$14,100,043$666,791$0$5,104,927
74$15,435,034$596,250$0$5,527,807
75$16,902,943$519,002$0$5,992,979
76$18,517,224$434,614$0$6,504,840
77$20,292,703$342,632$0$7,068,243
78$22,245,713$242,575$0$7,688,546
79$24,394,249$133,935$0$8,371,660
80$26,758,139$16,174$0$9,124,112
81$29,359,230$0$0$9,953,101
82$32,221,592$0$0$10,920,450
83$35,371,748$0$0$11,993,863
84$38,838,923$0$0$13,175,490
85$42,655,316$0$0$14,476,327
86$46,856,407$0$0$15,908,493
87$51,481,293$0$0$17,485,341
88$56,573,052$0$0$19,221,584
89$62,179,151$0$0$21,133,435
90$68,351,895$0$0$23,238,760
91$75,148,919$0$0$25,557,243
92$82,633,730$0$0$28,110,578
93$90,876,311$0$0$30,922,667
94$99,953,774$0$0$34,019,851
95$109,951,092$0$0$37,431,155
96$120,961,902$0$0$41,188,562
97$133,089,381$0$0$45,327,317
98$146,447,228$0$0$49,886,256
99$161,160,732$0$0$54,908,177
100$177,367,954$0$0$60,440,241