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%19.4%
1 years$83,405$82,662$81,937$81,230$80,539$77,496
2 years$41,290$40,521$39,775$39,053$38,352$35,322
3 years$27,253$26,481$25,737$25,021$24,332$21,410
4 years$20,236$19,466$18,730$18,027$17,354$14,562
5 years$16,027$15,262$14,535$13,846$13,192$10,538
6 years$13,222$12,462$11,747$11,073$10,438$7,923
7 years$11,219$10,466$9,762$9,104$8,489$6,112
8 years$9,717$8,971$8,279$7,637$7,043$4,802
9 years$8,550$7,811$7,130$6,505$5,931$3,823
10 years$7,617$6,885$6,216$5,607$5,053$3,075
11 years$6,854$6,129$5,473$4,880$4,346$2,493
12 years$6,219$5,501$4,857$4,280$3,766$2,033
13 years$5,681$4,972$4,339$3,779$3,284$1,666
14 years$5,221$4,519$3,899$3,355$2,879$1,371
15 years$4,823$4,128$3,520$2,992$2,535$1,131
16 years$4,475$3,788$3,192$2,679$2,240$936
17 years$4,168$3,488$2,904$2,407$1,986$776
18 years$3,895$3,223$2,651$2,169$1,766$645
19 years$3,652$2,987$2,427$1,960$1,574$536
20 years$3,433$2,776$2,227$1,775$1,406$446
21 years$3,235$2,586$2,049$1,611$1,258$372
22 years$3,055$2,414$1,888$1,465$1,128$310
23 years$2,891$2,257$1,743$1,334$1,013$259
24 years$2,742$2,115$1,612$1,217$910$216
25 years$2,604$1,985$1,493$1,111$819$181
26 years$2,477$1,865$1,385$1,016$738$151
27 years$2,360$1,756$1,286$930$665$126
28 years$2,251$1,654$1,196$852$600$106
29 years$2,150$1,561$1,113$781$542$88
30 years$2,056$1,474$1,036$717$490$74
31 years$1,968$1,393$966$659$443$62
32 years$1,886$1,318$901$605$400$52
33 years$1,809$1,248$842$557$362$43
34 years$1,736$1,183$786$512$328$36
35 years$1,668$1,122$735$471$297$30
36 years$1,604$1,065$688$434$269$25
37 years$1,544$1,012$644$400$244$21
38 years$1,486$962$603$369$221$18
39 years$1,432$914$565$340$201$15
40 years$1,381$870$529$314$182$13
41 years$1,332$828$496$289$165$10
42 years$1,286$789$466$267$150$9
43 years$1,242$751$437$246$136$7
44 years$1,200$716$410$228$123$6
45 years$1,160$683$385$210$112$5
46 years$1,122$652$362$194$102$4
47 years$1,086$622$340$179$92$4
48 years$1,051$594$319$166$84$3
49 years$1,018$567$300$153$76$3
50 years$986$541$282$142$69$2

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 $3,009 every year, while hoping to spend $36,872 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: 71/19/10 Blend
40$1,010,000$1,010,000$1,010,000$1,010,000
41$1,116,124$1,062,594$1,046,939$1,193,000
42$1,190,737$1,075,429$1,042,780$1,257,109
43$1,271,725$1,087,658$1,037,246$1,322,446
44$1,359,699$1,099,211$1,030,251$1,392,967
45$1,455,331$1,110,016$1,021,708$1,469,174
46$1,559,362$1,119,993$1,011,522$1,551,621
47$1,672,604$1,129,061$999,595$1,640,918
48$1,795,955$1,137,129$985,827$1,737,738
49$1,930,398$1,144,105$970,108$1,842,821
50$2,077,019$1,149,887$952,327$1,956,986
51$2,237,012$1,154,368$932,367$2,081,133
52$2,411,691$1,157,435$910,105$2,216,254
53$2,602,501$1,158,968$885,411$2,363,445
54$2,811,036$1,158,837$858,152$2,523,912
55$3,039,049$1,156,907$828,187$2,698,984
56$3,288,469$1,153,033$795,369$2,890,129
57$3,561,423$1,147,061$759,544$3,098,963
58$3,860,250$1,138,829$720,550$3,327,268
59$4,187,527$1,128,164$678,221$3,577,009
60$4,546,093$1,114,882$632,380$3,850,351
61$4,939,074$1,098,790$582,843$4,149,684
62$5,369,910$1,079,682$529,419$4,477,638
63$5,842,394$1,057,339$471,908$4,837,118
64$6,360,701$1,031,531$410,099$5,231,322
65$6,929,430$1,002,014$343,775$5,663,777
66$7,553,648$968,529$272,708$6,138,373
67$8,238,934$930,801$196,658$6,659,397
68$8,991,437$888,542$115,377$7,231,575
69$9,817,927$841,443$28,605$7,860,118
70$10,725,863$789,182$0$8,550,769
71$11,723,465$731,415$0$9,316,690
72$12,819,783$667,780$0$10,161,733
73$14,024,793$597,893$0$11,090,570
74$15,349,482$521,350$0$12,111,718
75$16,805,955$437,722$0$13,234,563
76$18,407,549$346,557$0$14,469,450
77$20,168,959$247,378$0$15,827,779
78$22,106,373$139,680$0$17,322,119
79$24,237,629$22,930$0$18,966,318
80$26,582,381$0$0$20,775,642
81$29,162,280$0$0$22,788,539
82$32,001,188$0$0$25,008,856
83$35,125,391$0$0$27,452,365
84$38,563,855$0$0$30,141,729
85$42,348,497$0$0$33,101,920
86$46,514,483$0$0$36,360,450
87$51,100,561$0$0$39,947,637
88$56,149,431$0$0$43,896,888
89$61,708,138$0$0$48,245,012
90$67,828,525$0$0$53,032,570
91$74,567,715$0$0$58,304,255
92$81,988,654$0$0$64,109,317
93$90,160,702$0$0$70,502,023
94$99,160,289$0$0$77,542,172
95$109,071,634$0$0$85,295,658
96$119,987,542$0$0$93,835,092
97$132,010,277$0$0$103,240,485
98$145,252,527$0$0$113,600,006
99$159,838,468$0$0$125,010,811
100$175,904,936$0$0$137,579,961