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%11.4%
1 years$83,405$82,662$81,937$81,230$80,539$80,065
2 years$41,290$40,521$39,775$39,053$38,352$37,874
3 years$27,253$26,481$25,737$25,021$24,332$23,864
4 years$20,236$19,466$18,730$18,027$17,354$16,900
5 years$16,027$15,262$14,535$13,846$13,192$12,754
6 years$13,222$12,462$11,747$11,073$10,438$10,017
7 years$11,219$10,466$9,762$9,104$8,489$8,084
8 years$9,717$8,971$8,279$7,637$7,043$6,653
9 years$8,550$7,811$7,130$6,505$5,931$5,558
10 years$7,617$6,885$6,216$5,607$5,053$4,697
11 years$6,854$6,129$5,473$4,880$4,346$4,005
12 years$6,219$5,501$4,857$4,280$3,766$3,441
13 years$5,681$4,972$4,339$3,779$3,284$2,974
14 years$5,221$4,519$3,899$3,355$2,879$2,583
15 years$4,823$4,128$3,520$2,992$2,535$2,254
16 years$4,475$3,788$3,192$2,679$2,240$1,973
17 years$4,168$3,488$2,904$2,407$1,986$1,733
18 years$3,895$3,223$2,651$2,169$1,766$1,526
19 years$3,652$2,987$2,427$1,960$1,574$1,347
20 years$3,433$2,776$2,227$1,775$1,406$1,191
21 years$3,235$2,586$2,049$1,611$1,258$1,055
22 years$3,055$2,414$1,888$1,465$1,128$936
23 years$2,891$2,257$1,743$1,334$1,013$831
24 years$2,742$2,115$1,612$1,217$910$739
25 years$2,604$1,985$1,493$1,111$819$658
26 years$2,477$1,865$1,385$1,016$738$587
27 years$2,360$1,756$1,286$930$665$523
28 years$2,251$1,654$1,196$852$600$467
29 years$2,150$1,561$1,113$781$542$417
30 years$2,056$1,474$1,036$717$490$373
31 years$1,968$1,393$966$659$443$333
32 years$1,886$1,318$901$605$400$298
33 years$1,809$1,248$842$557$362$266
34 years$1,736$1,183$786$512$328$238
35 years$1,668$1,122$735$471$297$214
36 years$1,604$1,065$688$434$269$191
37 years$1,544$1,012$644$400$244$171
38 years$1,486$962$603$369$221$153
39 years$1,432$914$565$340$201$138
40 years$1,381$870$529$314$182$123
41 years$1,332$828$496$289$165$110
42 years$1,286$789$466$267$150$99
43 years$1,242$751$437$246$136$89
44 years$1,200$716$410$228$123$80
45 years$1,160$683$385$210$112$71
46 years$1,122$652$362$194$102$64
47 years$1,086$622$340$179$92$57
48 years$1,051$594$319$166$84$52
49 years$1,018$567$300$153$76$46
50 years$986$541$282$142$69$42

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 $2,697 every year, while hoping to spend $54,864 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: 59/12/29 Blend
40$1,010,000$1,010,000$1,010,000$1,010,000
41$1,115,802$1,062,272$1,046,617$1,172,667
42$1,171,239$1,055,948$1,023,304$1,205,562
43$1,230,492$1,047,476$997,371$1,235,387
44$1,293,891$1,036,692$968,672$1,266,793
45$1,361,801$1,023,423$937,056$1,299,949
46$1,434,620$1,007,486$902,362$1,335,043
47$1,512,785$988,686$864,425$1,372,285
48$1,596,775$966,818$823,069$1,411,908
49$1,687,117$941,663$778,113$1,454,174
50$1,784,389$912,991$729,366$1,499,373
51$1,889,227$880,557$676,630$1,547,826
52$2,002,327$844,104$619,696$1,599,893
53$2,124,456$803,357$558,348$1,655,972
54$2,256,456$758,026$492,357$1,716,508
55$2,399,252$707,807$421,489$1,781,991
56$2,553,861$652,375$345,494$1,852,968
57$2,721,402$591,388$264,115$1,930,047
58$2,903,103$524,485$177,081$2,013,901
59$3,100,318$451,283$84,112$2,105,276
60$3,314,534$371,379$0$2,205,001
61$3,547,386$284,346$0$2,318,668
62$3,800,674$189,734$0$2,470,698
63$4,076,378$87,066$0$2,636,266
64$4,376,678$0$0$2,816,724
65$4,703,970$0$0$3,016,753
66$5,060,893$0$0$3,247,505
67$5,450,351$0$0$3,499,369
68$5,875,542$0$0$3,774,423
69$6,339,983$0$0$4,074,952
70$6,847,550$0$0$4,403,476
71$7,402,506$0$0$4,762,764
72$8,009,547$0$0$5,155,869
73$8,673,845$0$0$5,586,151
74$9,401,091$0$0$6,057,310
75$10,197,556$0$0$6,573,420
76$11,070,143$0$0$7,138,968
77$12,026,456$0$0$7,758,897
78$13,074,868$0$0$8,438,649
79$14,224,602$0$0$9,184,219
80$15,485,816$0$0$10,002,208
81$16,869,698$0$0$10,899,891
82$18,388,573$0$0$11,885,277
83$20,056,015$0$0$12,967,190
84$21,886,978$0$0$14,155,352
85$23,897,935$0$0$15,460,469
86$26,107,032$0$0$16,894,339
87$28,534,259$0$0$18,469,956
88$31,201,639$0$0$20,201,636
89$34,133,434$0$0$22,105,151
90$37,356,372$0$0$24,197,878
91$40,899,903$0$0$26,498,960
92$44,796,468$0$0$29,029,488
93$49,081,813$0$0$31,812,701
94$53,795,321$0$0$34,874,202
95$58,980,382$0$0$38,242,198
96$64,684,805$0$0$41,947,771
97$70,961,264$0$0$46,025,166
98$77,867,798$0$0$50,512,115
99$85,468,356$0$0$55,450,192
100$93,833,399$0$0$60,885,208