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%14.7%
1 years$84,231$83,480$82,748$82,034$81,336$79,759
2 years$41,698$40,922$40,169$39,439$38,732$37,149
3 years$27,523$26,743$25,992$25,269$24,573$23,034
4 years$20,436$19,659$18,916$18,205$17,526$16,043
5 years$16,186$15,413$14,679$13,983$13,323$11,900
6 years$13,353$12,586$11,863$11,182$10,542$9,181
7 years$11,330$10,569$9,858$9,194$8,573$7,274
8 years$9,814$9,060$8,361$7,712$7,112$5,875
9 years$8,635$7,888$7,201$6,569$5,990$4,813
10 years$7,692$6,953$6,278$5,663$5,103$3,986
11 years$6,922$6,190$5,527$4,928$4,389$3,330
12 years$6,280$5,556$4,905$4,323$3,804$2,801
13 years$5,738$5,021$4,382$3,816$3,317$2,370
14 years$5,273$4,564$3,938$3,388$2,907$2,014
15 years$4,871$4,169$3,555$3,021$2,560$1,718
16 years$4,519$3,825$3,223$2,705$2,262$1,470
17 years$4,209$3,523$2,933$2,431$2,006$1,262
18 years$3,934$3,255$2,677$2,190$1,784$1,085
19 years$3,688$3,017$2,451$1,979$1,590$935
20 years$3,467$2,803$2,249$1,793$1,420$807
21 years$3,267$2,611$2,069$1,627$1,271$697
22 years$3,085$2,438$1,907$1,479$1,139$603
23 years$2,920$2,280$1,761$1,347$1,023$522
24 years$2,769$2,136$1,628$1,229$919$453
25 years$2,630$2,005$1,508$1,122$827$393
26 years$2,502$1,884$1,399$1,026$745$341
27 years$2,383$1,773$1,299$939$672$296
28 years$2,273$1,671$1,208$860$606$257
29 years$2,171$1,576$1,124$789$547$224
30 years$2,076$1,488$1,047$724$494$195
31 years$1,988$1,407$976$665$447$169
32 years$1,905$1,331$910$611$404$147
33 years$1,827$1,261$850$562$366$128
34 years$1,754$1,195$794$517$331$112
35 years$1,685$1,133$743$476$300$97
36 years$1,620$1,076$695$438$272$85
37 years$1,559$1,022$650$404$246$74
38 years$1,501$971$609$372$223$64
39 years$1,446$923$570$343$203$56
40 years$1,395$879$535$317$184$49
41 years$1,345$836$501$292$167$43
42 years$1,299$796$470$270$151$37
43 years$1,254$759$441$249$137$32
44 years$1,212$723$414$230$125$28
45 years$1,172$690$389$212$113$25
46 years$1,133$658$365$196$103$21
47 years$1,097$628$343$181$93$19
48 years$1,061$599$323$167$85$16
49 years$1,028$572$303$155$77$14
50 years$996$547$285$143$70$12

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 $5,051 every year, while hoping to spend $29,159 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: 39/47/14 Blend
40$1,020,000$1,020,000$1,020,000$1,020,000
41$1,129,250$1,075,190$1,059,380$1,168,360
42$1,213,409$1,096,849$1,063,844$1,218,300
43$1,305,174$1,118,593$1,067,481$1,269,052
44$1,405,292$1,140,394$1,070,231$1,323,294
45$1,514,581$1,162,223$1,072,034$1,381,358
46$1,633,946$1,184,049$1,072,824$1,443,607
47$1,764,379$1,205,838$1,072,535$1,510,440
48$1,906,976$1,227,554$1,071,094$1,582,300
49$2,062,940$1,249,157$1,068,429$1,659,675
50$2,233,598$1,270,604$1,064,459$1,743,102
51$2,420,410$1,291,849$1,059,105$1,833,175
52$2,624,986$1,312,844$1,052,278$1,930,548
53$2,849,096$1,333,534$1,043,891$2,035,943
54$3,094,690$1,353,864$1,033,848$2,150,157
55$3,363,917$1,373,772$1,022,050$2,274,070
56$3,659,143$1,393,193$1,008,395$2,408,650
57$3,982,973$1,412,057$992,774$2,554,968
58$4,338,278$1,430,289$975,073$2,714,203
59$4,728,218$1,447,809$955,174$2,887,659
60$5,156,277$1,464,532$932,953$3,076,771
61$5,626,289$1,480,366$908,279$3,283,126
62$6,142,481$1,495,215$881,017$3,508,470
63$6,709,508$1,508,974$851,024$3,754,733
64$7,332,497$1,521,532$818,153$4,024,043
65$8,017,097$1,532,773$782,246$4,318,748
66$8,769,532$1,542,570$743,143$4,641,436
67$9,596,658$1,550,790$700,672$4,994,965
68$10,506,029$1,557,290$654,656$5,382,484
69$11,505,966$1,561,920$604,910$5,807,470
70$12,605,640$1,564,520$551,239$6,273,756
71$13,815,151$1,564,917$493,442$6,785,571
72$15,145,631$1,562,932$431,306$7,347,577
73$16,609,341$1,558,371$364,611$7,964,919
74$18,219,793$1,551,031$293,125$8,643,270
75$19,991,876$1,540,695$216,608$9,388,886
76$21,941,990$1,527,133$134,808$10,208,668
77$24,088,212$1,510,101$47,462$11,110,225
78$26,450,454$1,489,340$0$12,101,949
79$29,050,660$1,464,578$0$13,199,929
80$31,913,009$1,435,523$0$14,415,547
81$35,064,141$1,401,869$0$15,753,003
82$38,533,413$1,363,290$0$17,224,753
83$42,353,172$1,319,442$0$18,844,530
84$46,559,060$1,269,960$0$20,627,471
85$51,190,354$1,214,458$0$22,590,267
86$56,290,331$1,152,527$0$24,751,315
87$61,906,681$1,083,737$0$27,130,899
88$68,091,953$1,007,630$0$29,751,378
89$74,904,052$923,724$0$32,637,399
90$82,406,787$831,508$0$35,816,135
91$90,670,470$730,443$0$39,317,539
92$99,772,582$619,959$0$43,174,628
93$109,798,502$499,453$0$47,423,799
94$120,842,313$368,290$0$52,105,174
95$133,007,690$225,798$0$57,262,978
96$146,408,878$71,266$0$62,945,961
97$161,171,771$0$0$69,207,861
98$177,435,099$0$0$76,157,588
99$195,351,736$0$0$83,854,636
100$215,090,146$0$0$92,334,545