Can I retire at age 41 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$84,231$83,480$82,748$82,034$81,336$78,986
2 years$41,698$40,922$40,169$39,439$38,732$36,382
3 years$27,523$26,743$25,992$25,269$24,573$22,298
4 years$20,436$19,659$18,916$18,205$17,526$15,343
5 years$16,186$15,413$14,679$13,983$13,323$11,238
6 years$13,353$12,586$11,863$11,182$10,542$8,557
7 years$11,330$10,569$9,858$9,194$8,573$6,689
8 years$9,814$9,060$8,361$7,712$7,112$5,327
9 years$8,635$7,888$7,201$6,569$5,990$4,301
10 years$7,692$6,953$6,278$5,663$5,103$3,510
11 years$6,922$6,190$5,527$4,928$4,389$2,888
12 years$6,280$5,556$4,905$4,323$3,804$2,391
13 years$5,738$5,021$4,382$3,816$3,317$1,991
14 years$5,273$4,564$3,938$3,388$2,907$1,664
15 years$4,871$4,169$3,555$3,021$2,560$1,396
16 years$4,519$3,825$3,223$2,705$2,262$1,174
17 years$4,209$3,523$2,933$2,431$2,006$990
18 years$3,934$3,255$2,677$2,190$1,784$837
19 years$3,688$3,017$2,451$1,979$1,590$708
20 years$3,467$2,803$2,249$1,793$1,420$600
21 years$3,267$2,611$2,069$1,627$1,271$509
22 years$3,085$2,438$1,907$1,479$1,139$432
23 years$2,920$2,280$1,761$1,347$1,023$368
24 years$2,769$2,136$1,628$1,229$919$313
25 years$2,630$2,005$1,508$1,122$827$266
26 years$2,502$1,884$1,399$1,026$745$227
27 years$2,383$1,773$1,299$939$672$193
28 years$2,273$1,671$1,208$860$606$165
29 years$2,171$1,576$1,124$789$547$140
30 years$2,076$1,488$1,047$724$494$120
31 years$1,988$1,407$976$665$447$102
32 years$1,905$1,331$910$611$404$87
33 years$1,827$1,261$850$562$366$74
34 years$1,754$1,195$794$517$331$63
35 years$1,685$1,133$743$476$300$54
36 years$1,620$1,076$695$438$272$46
37 years$1,559$1,022$650$404$246$39
38 years$1,501$971$609$372$223$34
39 years$1,446$923$570$343$203$29
40 years$1,395$879$535$317$184$24
41 years$1,345$836$501$292$167$21
42 years$1,299$796$470$270$151$18
43 years$1,254$759$441$249$137$15
44 years$1,212$723$414$230$125$13
45 years$1,172$690$389$212$113$11
46 years$1,133$658$365$196$103$9
47 years$1,097$628$343$181$93$8
48 years$1,061$599$323$167$85$7
49 years$1,028$572$303$155$77$6
50 years$996$547$285$143$70$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,020,000, adding $3,159 every year, while hoping to spend $30,270 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: 66/20/14 Blend
40$1,020,000$1,020,000$1,020,000$1,020,000
41$1,127,299$1,073,239$1,057,429$1,197,805
42$1,210,076$1,093,620$1,060,645$1,265,654
43$1,300,282$1,113,986$1,062,955$1,335,952
44$1,398,643$1,134,303$1,064,296$1,412,034
45$1,505,957$1,154,537$1,064,603$1,494,463
46$1,623,104$1,174,648$1,063,806$1,583,862
47$1,751,051$1,194,596$1,061,834$1,680,914
48$1,890,864$1,214,337$1,058,611$1,786,375
49$2,043,716$1,233,824$1,054,059$1,901,077
50$2,210,898$1,253,004$1,048,093$2,025,936
51$2,393,833$1,271,825$1,040,627$2,161,963
52$2,594,085$1,290,226$1,031,570$2,310,270
53$2,813,381$1,308,146$1,020,826$2,472,086
54$3,053,617$1,325,516$1,008,295$2,648,763
55$3,316,886$1,342,266$993,873$2,841,791
56$3,605,489$1,358,318$977,449$3,052,814
57$3,921,964$1,373,591$958,909$3,283,642
58$4,269,104$1,387,997$938,132$3,536,273
59$4,649,986$1,401,442$914,992$3,812,905
60$5,067,999$1,413,827$889,359$4,115,964
61$5,526,876$1,425,046$861,094$4,448,124
62$6,030,730$1,434,986$830,053$4,812,331
63$6,584,091$1,443,526$796,086$5,211,832
64$7,191,949$1,450,539$759,035$5,650,209
65$7,859,800$1,455,889$718,736$6,131,407
66$8,593,703$1,459,430$675,016$6,659,775
67$9,400,327$1,461,009$627,696$7,240,109
68$10,287,025$1,460,463$576,589$7,877,692
69$11,261,894$1,457,617$521,496$8,578,351
70$12,333,855$1,452,289$462,214$9,348,506
71$13,512,738$1,444,281$398,529$10,195,235
72$14,809,374$1,433,387$330,216$11,126,339
73$16,235,694$1,419,388$257,042$12,150,416
74$17,804,846$1,402,048$178,764$13,276,944
75$19,531,314$1,381,122$95,126$14,516,371
76$21,431,058$1,356,348$5,864$15,880,211
77$23,521,665$1,327,447$0$17,381,156
78$25,822,509$1,294,126$0$19,046,550
79$28,354,941$1,256,075$0$20,880,260
80$31,142,484$1,212,962$0$22,898,450
81$34,211,061$1,164,440$0$25,119,900
82$37,589,231$1,110,140$0$27,565,305
83$41,308,467$1,049,671$0$30,257,473
84$45,403,447$982,621$0$33,221,539
85$49,912,383$908,554$0$36,485,204
86$54,877,380$827,007$0$40,078,995
87$60,344,836$737,494$0$44,036,556
88$66,365,876$639,498$0$48,394,962
89$72,996,838$532,475$0$53,195,073
90$80,299,799$415,850$0$58,481,921
91$88,343,166$289,015$0$64,305,130
92$97,202,320$151,327$0$70,719,391
93$106,960,324$2,110$0$77,784,977
94$117,708,711$0$0$85,568,308
95$129,548,343$0$0$94,177,658
96$142,590,369$0$0$103,661,952
97$156,957,266$0$0$114,109,807
98$172,784,002$0$0$125,619,385
99$190,219,302$0$0$138,298,857
100$209,427,061$0$0$152,267,423