Can I retire at age 41 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$83,405$82,662$81,937$81,230$80,539$79,107
2 years$41,290$40,521$39,775$39,053$38,352$36,914
3 years$27,253$26,481$25,737$25,021$24,332$22,933
4 years$20,236$19,466$18,730$18,027$17,354$16,005
5 years$16,027$15,262$14,535$13,846$13,192$11,897
6 years$13,222$12,462$11,747$11,073$10,438$9,198
7 years$11,219$10,466$9,762$9,104$8,489$7,304
8 years$9,717$8,971$8,279$7,637$7,043$5,913
9 years$8,550$7,811$7,130$6,505$5,931$4,856
10 years$7,617$6,885$6,216$5,607$5,053$4,032
11 years$6,854$6,129$5,473$4,880$4,346$3,377
12 years$6,219$5,501$4,857$4,280$3,766$2,848
13 years$5,681$4,972$4,339$3,779$3,284$2,415
14 years$5,221$4,519$3,899$3,355$2,879$2,058
15 years$4,823$4,128$3,520$2,992$2,535$1,761
16 years$4,475$3,788$3,192$2,679$2,240$1,511
17 years$4,168$3,488$2,904$2,407$1,986$1,300
18 years$3,895$3,223$2,651$2,169$1,766$1,121
19 years$3,652$2,987$2,427$1,960$1,574$969
20 years$3,433$2,776$2,227$1,775$1,406$839
21 years$3,235$2,586$2,049$1,611$1,258$727
22 years$3,055$2,414$1,888$1,465$1,128$631
23 years$2,891$2,257$1,743$1,334$1,013$548
24 years$2,742$2,115$1,612$1,217$910$477
25 years$2,604$1,985$1,493$1,111$819$415
26 years$2,477$1,865$1,385$1,016$738$361
27 years$2,360$1,756$1,286$930$665$315
28 years$2,251$1,654$1,196$852$600$275
29 years$2,150$1,561$1,113$781$542$240
30 years$2,056$1,474$1,036$717$490$209
31 years$1,968$1,393$966$659$443$182
32 years$1,886$1,318$901$605$400$159
33 years$1,809$1,248$842$557$362$139
34 years$1,736$1,183$786$512$328$122
35 years$1,668$1,122$735$471$297$106
36 years$1,604$1,065$688$434$269$93
37 years$1,544$1,012$644$400$244$81
38 years$1,486$962$603$369$221$71
39 years$1,432$914$565$340$201$62
40 years$1,381$870$529$314$182$54
41 years$1,332$828$496$289$165$47
42 years$1,286$789$466$267$150$41
43 years$1,242$751$437$246$136$36
44 years$1,200$716$410$228$123$32
45 years$1,160$683$385$210$112$28
46 years$1,122$652$362$194$102$24
47 years$1,086$622$340$179$92$21
48 years$1,051$594$319$166$84$19
49 years$1,018$567$300$153$76$16
50 years$986$541$282$142$69$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,010,000, adding $2,804 every year, while hoping to spend $49,848 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: 51/39/10 Blend
40$1,010,000$1,010,000$1,010,000$1,010,000
41$1,115,912$1,062,382$1,046,727$1,169,760
42$1,176,697$1,061,401$1,028,755$1,205,829
43$1,242,012$1,058,701$1,008,510$1,239,465
44$1,312,265$1,054,146$985,863$1,274,873
45$1,387,907$1,047,589$960,680$1,312,232
46$1,469,430$1,038,878$932,819$1,351,744
47$1,557,378$1,027,849$902,134$1,393,629
48$1,652,345$1,014,328$868,470$1,438,137
49$1,754,986$998,132$831,666$1,485,544
50$1,866,021$979,067$791,554$1,536,157
51$1,986,241$956,927$747,956$1,590,319
52$2,116,514$931,493$700,689$1,648,409
53$2,257,797$902,534$649,561$1,710,851
54$2,411,141$869,807$594,369$1,778,115
55$2,577,702$833,052$534,905$1,850,724
56$2,758,751$791,996$470,949$1,929,258
57$2,955,689$746,349$402,271$2,014,360
58$3,170,054$695,805$328,632$2,106,747
59$3,403,541$640,040$249,781$2,207,212
60$3,658,012$578,712$165,459$2,316,636
61$3,935,519$511,459$75,393$2,435,996
62$4,238,321$437,899$0$2,566,376
63$4,568,902$357,628$0$2,711,187
64$4,929,997$270,220$0$2,878,277
65$5,324,620$175,223$0$3,061,103
66$5,756,084$72,162$0$3,261,333
67$6,228,040$0$0$3,480,812
68$6,744,508$0$0$3,738,520
69$7,309,914$0$0$4,054,651
70$7,929,132$0$0$4,400,973
71$8,607,529$0$0$4,780,502
72$9,351,015$0$0$5,196,557
73$10,166,101$0$0$5,652,796
74$11,059,956$0$0$6,153,247
75$12,040,476$0$0$6,702,345
76$13,116,361$0$0$7,304,977
77$14,297,190$0$0$7,966,527
78$15,593,517$0$0$8,692,922
79$17,016,967$0$0$9,490,694
80$18,580,345$0$0$10,367,039
81$20,297,759$0$0$11,329,882
82$22,184,749$0$0$12,387,955
83$24,258,435$0$0$13,550,878
84$26,537,679$0$0$14,829,249
85$29,043,260$0$0$16,234,744
86$31,798,070$0$0$17,780,226
87$34,827,331$0$0$19,479,867
88$38,158,832$0$0$21,349,282
89$41,823,187$0$0$23,405,676
90$45,854,130$0$0$25,668,003
91$50,288,826$0$0$28,157,148
92$55,168,224$0$0$30,896,123
93$60,537,443$0$0$33,910,282
94$66,446,199$0$0$37,227,562
95$72,949,266$0$0$40,878,745
96$80,107,001$0$0$44,897,749
97$87,985,907$0$0$49,321,946
98$96,659,264$0$0$54,192,518
99$106,207,815$0$0$59,554,839
100$116,720,532$0$0$65,458,909