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%12.5%
1 years$84,231$83,480$82,748$82,034$81,336$80,487
2 years$41,698$40,922$40,169$39,439$38,732$37,876
3 years$27,523$26,743$25,992$25,269$24,573$23,738
4 years$20,436$19,659$18,916$18,205$17,526$16,718
5 years$16,186$15,413$14,679$13,983$13,323$12,544
6 years$13,353$12,586$11,863$11,182$10,542$9,794
7 years$11,330$10,569$9,858$9,194$8,573$7,856
8 years$9,814$9,060$8,361$7,712$7,112$6,425
9 years$8,635$7,888$7,201$6,569$5,990$5,333
10 years$7,692$6,953$6,278$5,663$5,103$4,477
11 years$6,922$6,190$5,527$4,928$4,389$3,792
12 years$6,280$5,556$4,905$4,323$3,804$3,235
13 years$5,738$5,021$4,382$3,816$3,317$2,776
14 years$5,273$4,564$3,938$3,388$2,907$2,395
15 years$4,871$4,169$3,555$3,021$2,560$2,074
16 years$4,519$3,825$3,223$2,705$2,262$1,802
17 years$4,209$3,523$2,933$2,431$2,006$1,570
18 years$3,934$3,255$2,677$2,190$1,784$1,372
19 years$3,688$3,017$2,451$1,979$1,590$1,202
20 years$3,467$2,803$2,249$1,793$1,420$1,054
21 years$3,267$2,611$2,069$1,627$1,271$926
22 years$3,085$2,438$1,907$1,479$1,139$815
23 years$2,920$2,280$1,761$1,347$1,023$718
24 years$2,769$2,136$1,628$1,229$919$633
25 years$2,630$2,005$1,508$1,122$827$559
26 years$2,502$1,884$1,399$1,026$745$494
27 years$2,383$1,773$1,299$939$672$436
28 years$2,273$1,671$1,208$860$606$386
29 years$2,171$1,576$1,124$789$547$342
30 years$2,076$1,488$1,047$724$494$303
31 years$1,988$1,407$976$665$447$268
32 years$1,905$1,331$910$611$404$238
33 years$1,827$1,261$850$562$366$211
34 years$1,754$1,195$794$517$331$187
35 years$1,685$1,133$743$476$300$166
36 years$1,620$1,076$695$438$272$147
37 years$1,559$1,022$650$404$246$130
38 years$1,501$971$609$372$223$116
39 years$1,446$923$570$343$203$103
40 years$1,395$879$535$317$184$91
41 years$1,345$836$501$292$167$81
42 years$1,299$796$470$270$151$72
43 years$1,254$759$441$249$137$64
44 years$1,212$723$414$230$125$57
45 years$1,172$690$389$212$113$50
46 years$1,133$658$365$196$103$45
47 years$1,097$628$343$181$93$40
48 years$1,061$599$323$167$85$35
49 years$1,028$572$303$155$77$31
50 years$996$547$285$143$70$28

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 $5,169 every year, while hoping to spend $28,455 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: 60/21/19 Blend
40$1,020,000$1,020,000$1,020,000$1,020,000
41$1,129,372$1,075,312$1,059,502$1,191,255
42$1,214,292$1,097,726$1,064,719$1,256,139
43$1,306,920$1,120,285$1,069,158$1,323,300
44$1,408,013$1,142,966$1,072,761$1,395,923
45$1,518,402$1,165,743$1,075,471$1,474,541
46$1,639,004$1,188,590$1,077,224$1,559,742
47$1,770,828$1,211,476$1,077,957$1,652,173
48$1,914,984$1,234,371$1,077,600$1,752,549
49$2,072,696$1,257,238$1,076,083$1,861,657
50$2,245,309$1,280,041$1,073,330$1,980,364
51$2,434,307$1,302,739$1,069,263$2,109,626
52$2,641,322$1,325,288$1,063,798$2,250,497
53$2,868,151$1,347,642$1,056,850$2,404,138
54$3,116,776$1,369,750$1,048,328$2,571,829
55$3,389,377$1,391,558$1,038,137$2,754,984
56$3,688,356$1,413,006$1,026,177$2,955,156
57$4,016,358$1,434,034$1,012,344$3,174,062
58$4,376,298$1,454,573$996,529$3,413,591
59$4,771,386$1,474,552$978,618$3,675,829
60$5,205,157$1,493,895$958,491$3,963,073
61$5,681,505$1,512,518$936,023$4,277,855
62$6,204,722$1,530,335$911,083$4,622,968
63$6,779,534$1,547,252$883,535$5,001,488
64$7,411,147$1,563,168$853,234$5,416,810
65$8,105,298$1,577,977$820,032$5,872,672
66$8,868,307$1,591,566$783,771$6,373,197
67$9,707,134$1,603,813$744,287$6,922,931
68$10,629,451$1,614,589$701,410$7,526,883
69$11,643,709$1,623,758$654,961$8,190,575
70$12,759,217$1,631,172$604,752$8,920,095
71$13,986,235$1,636,677$550,589$9,722,153
72$15,336,064$1,640,107$492,267$10,604,145
73$16,821,157$1,641,287$429,573$11,574,226
74$18,455,236$1,640,031$362,284$12,641,383
75$20,253,418$1,636,140$290,168$13,815,523
76$22,232,360$1,629,405$212,982$15,107,566
77$24,410,417$1,619,602$130,474$16,529,550
78$26,807,812$1,606,495$42,377$18,094,740
79$29,446,829$1,589,833$0$19,817,764
80$32,352,020$1,569,350$0$21,725,208
81$35,550,443$1,544,764$0$23,834,222
82$39,071,907$1,515,777$0$26,155,850
83$42,949,263$1,482,072$0$28,711,742
84$47,218,709$1,443,314$0$31,525,758
85$51,920,129$1,399,148$0$34,624,193
86$57,097,476$1,349,200$0$38,036,022
87$62,799,179$1,293,071$0$41,793,181
88$69,078,605$1,230,341$0$45,930,862
89$75,994,560$1,160,566$0$50,487,850
90$83,611,846$1,083,274$0$55,506,888
91$92,001,869$997,969$0$61,035,079
92$101,243,316$904,126$0$67,124,333
93$111,422,893$801,187$0$73,831,861
94$122,636,149$688,567$0$81,220,707
95$134,988,374$565,643$0$89,360,352
96$148,595,590$431,762$0$98,327,366
97$163,585,652$286,230$0$108,206,132
98$180,099,449$128,317$0$119,089,646
99$198,292,238$0$0$131,080,392
100$218,335,105$0$0$144,301,191