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

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$84,231$83,480$82,748$82,034$81,336$79,890
2 years$41,698$40,922$40,169$39,439$38,732$37,280
3 years$27,523$26,743$25,992$25,269$24,573$23,160
4 years$20,436$19,659$18,916$18,205$17,526$16,163
5 years$16,186$15,413$14,679$13,983$13,323$12,014
6 years$13,353$12,586$11,863$11,182$10,542$9,289
7 years$11,330$10,569$9,858$9,194$8,573$7,377
8 years$9,814$9,060$8,361$7,712$7,112$5,971
9 years$8,635$7,888$7,201$6,569$5,990$4,904
10 years$7,692$6,953$6,278$5,663$5,103$4,071
11 years$6,922$6,190$5,527$4,928$4,389$3,410
12 years$6,280$5,556$4,905$4,323$3,804$2,876
13 years$5,738$5,021$4,382$3,816$3,317$2,439
14 years$5,273$4,564$3,938$3,388$2,907$2,079
15 years$4,871$4,169$3,555$3,021$2,560$1,778
16 years$4,519$3,825$3,223$2,705$2,262$1,526
17 years$4,209$3,523$2,933$2,431$2,006$1,313
18 years$3,934$3,255$2,677$2,190$1,784$1,133
19 years$3,688$3,017$2,451$1,979$1,590$979
20 years$3,467$2,803$2,249$1,793$1,420$847
21 years$3,267$2,611$2,069$1,627$1,271$734
22 years$3,085$2,438$1,907$1,479$1,139$637
23 years$2,920$2,280$1,761$1,347$1,023$554
24 years$2,769$2,136$1,628$1,229$919$482
25 years$2,630$2,005$1,508$1,122$827$419
26 years$2,502$1,884$1,399$1,026$745$365
27 years$2,383$1,773$1,299$939$672$318
28 years$2,273$1,671$1,208$860$606$277
29 years$2,171$1,576$1,124$789$547$242
30 years$2,076$1,488$1,047$724$494$211
31 years$1,988$1,407$976$665$447$184
32 years$1,905$1,331$910$611$404$161
33 years$1,827$1,261$850$562$366$140
34 years$1,754$1,195$794$517$331$123
35 years$1,685$1,133$743$476$300$107
36 years$1,620$1,076$695$438$272$94
37 years$1,559$1,022$650$404$246$82
38 years$1,501$971$609$372$223$72
39 years$1,446$923$570$343$203$63
40 years$1,395$879$535$317$184$55
41 years$1,345$836$501$292$167$48
42 years$1,299$796$470$270$151$42
43 years$1,254$759$441$249$137$37
44 years$1,212$723$414$230$125$32
45 years$1,172$690$389$212$113$28
46 years$1,133$658$365$196$103$24
47 years$1,097$628$343$181$93$21
48 years$1,061$599$323$167$85$19
49 years$1,028$572$303$155$77$16
50 years$996$547$285$143$70$14

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 $3,445 every year, while hoping to spend $34,415 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: 66/24/10 Blend
40$1,020,000$1,020,000$1,020,000$1,020,000
41$1,127,594$1,073,534$1,057,724$1,199,417
42$1,205,991$1,089,519$1,056,540$1,263,650
43$1,291,231$1,105,135$1,054,163$1,329,428
44$1,383,976$1,120,326$1,050,517$1,400,429
45$1,484,954$1,135,034$1,045,522$1,477,160
46$1,594,966$1,149,197$1,039,093$1,560,180
47$1,714,893$1,162,749$1,031,143$1,650,103
48$1,845,705$1,175,617$1,021,580$1,747,608
49$1,988,471$1,187,726$1,010,307$1,853,442
50$2,144,367$1,198,996$997,224$1,968,431
51$2,314,685$1,209,340$982,224$2,093,483
52$2,500,851$1,218,665$965,196$2,229,599
53$2,704,433$1,226,875$946,025$2,377,883
54$2,927,158$1,233,865$924,590$2,539,554
55$3,170,927$1,239,524$900,763$2,715,952
56$3,437,835$1,243,733$874,412$2,908,558
57$3,730,186$1,246,369$845,397$3,119,003
58$4,050,521$1,247,296$813,574$3,349,085
59$4,401,635$1,246,375$778,790$3,600,787
60$4,786,609$1,243,455$740,886$3,876,294
61$5,208,834$1,238,375$699,697$4,178,018
62$5,672,048$1,230,967$655,049$4,508,614
63$6,180,364$1,221,052$606,760$4,871,012
64$6,738,315$1,208,438$554,641$5,268,442
65$7,350,896$1,192,925$498,495$5,704,464
66$8,023,607$1,174,297$438,113$6,183,004
67$8,762,506$1,152,328$373,281$6,708,388
68$9,574,268$1,126,779$303,772$7,285,389
69$10,466,246$1,097,394$229,351$7,919,266
70$11,446,541$1,063,904$149,773$8,615,819
71$12,524,077$1,026,025$64,779$9,381,438
72$13,708,687$983,454$0$10,223,174
73$15,011,203$935,873$0$11,151,560
74$16,443,558$882,943$0$12,179,952
75$18,018,902$824,308$0$13,310,904
76$19,751,720$759,590$0$14,554,857
77$21,657,976$688,390$0$15,923,320
78$23,755,254$610,286$0$17,428,978
79$26,062,932$524,832$0$19,085,810
80$28,602,360$431,557$0$20,909,228
81$31,397,060$329,963$0$22,916,214
82$34,472,954$219,525$0$25,125,488
83$37,858,601$99,687$0$27,557,683
84$41,585,470$0$0$30,235,539
85$45,688,236$0$0$33,192,079
86$50,205,108$0$0$36,476,096
87$55,178,186$0$0$40,091,884
88$60,653,860$0$0$44,073,182
89$66,683,250$0$0$48,457,167
90$73,322,682$0$0$53,284,808
91$80,634,225$0$0$58,601,246
92$88,686,274$0$0$64,456,224
93$97,554,193$0$0$70,904,556
94$107,321,030$0$0$78,006,643
95$118,078,298$0$0$85,829,042
96$129,926,840$0$0$94,445,095
97$142,977,776$0$0$103,935,623
98$157,353,557$0$0$114,389,685
99$173,189,117$0$0$125,905,418
100$190,633,148$0$0$138,590,968