Can I retire at age 41 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$85,056$84,299$83,560$82,838$82,134$81,480
2 years$42,107$41,323$40,563$39,826$39,111$38,452
3 years$27,793$27,005$26,247$25,517$24,814$24,170
4 years$20,637$19,852$19,101$18,384$17,697$17,073
5 years$16,344$15,564$14,823$14,120$13,453$12,851
6 years$13,484$12,709$11,979$11,292$10,645$10,066
7 years$11,441$10,673$9,955$9,284$8,657$8,101
8 years$9,910$9,149$8,443$7,788$7,182$6,649
9 years$8,720$7,966$7,272$6,634$6,048$5,538
10 years$7,768$7,021$6,339$5,718$5,154$4,666
11 years$6,990$6,251$5,581$4,977$4,432$3,966
12 years$6,342$5,610$4,953$4,365$3,841$3,397
13 years$5,794$5,070$4,425$3,854$3,349$2,927
14 years$5,325$4,609$3,976$3,421$2,936$2,534
15 years$4,918$4,210$3,590$3,051$2,585$2,203
16 years$4,563$3,863$3,255$2,732$2,285$1,923
17 years$4,250$3,557$2,962$2,454$2,026$1,683
18 years$3,972$3,287$2,704$2,212$1,801$1,476
19 years$3,724$3,046$2,475$1,999$1,605$1,298
20 years$3,501$2,831$2,272$1,810$1,434$1,144
21 years$3,299$2,637$2,089$1,643$1,283$1,010
22 years$3,116$2,461$1,926$1,494$1,150$892
23 years$2,949$2,302$1,778$1,360$1,033$790
24 years$2,796$2,157$1,644$1,241$928$700
25 years$2,655$2,024$1,523$1,133$835$621
26 years$2,526$1,902$1,413$1,036$752$551
27 years$2,407$1,790$1,312$948$678$489
28 years$2,296$1,687$1,219$869$612$435
29 years$2,193$1,592$1,135$797$553$387
30 years$2,097$1,503$1,057$731$499$344
31 years$2,007$1,421$985$672$451$306
32 years$1,923$1,344$919$617$408$273
33 years$1,845$1,273$858$568$370$243
34 years$1,771$1,207$802$522$335$217
35 years$1,701$1,145$750$481$303$193
36 years$1,636$1,086$701$443$275$172
37 years$1,574$1,032$657$408$249$154
38 years$1,516$981$615$376$226$137
39 years$1,461$932$576$347$205$122
40 years$1,408$887$540$320$186$109
41 years$1,359$844$506$295$168$97
42 years$1,311$804$475$272$153$87
43 years$1,266$766$446$251$139$78
44 years$1,224$730$418$232$126$69
45 years$1,183$697$393$214$114$62
46 years$1,144$664$369$198$104$55
47 years$1,107$634$347$183$94$49
48 years$1,072$605$326$169$86$44
49 years$1,038$578$306$156$78$39
50 years$1,006$552$288$144$71$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,030,000, adding $4,582 every year, while hoping to spend $33,994 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: 50/37/13 Blend
40$1,030,000$1,030,000$1,030,000$1,030,000
41$1,139,786$1,085,196$1,069,231$1,192,529
42$1,219,875$1,102,202$1,068,881$1,246,216
43$1,306,994$1,118,901$1,067,380$1,300,582
44$1,401,823$1,135,243$1,064,653$1,358,896
45$1,505,113$1,151,174$1,060,623$1,421,539
46$1,617,688$1,166,635$1,055,207$1,488,933
47$1,740,456$1,181,563$1,048,320$1,561,542
48$1,874,415$1,195,893$1,039,872$1,639,878
49$2,020,667$1,209,553$1,029,769$1,724,508
50$2,180,420$1,222,466$1,017,911$1,816,055
51$2,355,008$1,234,552$1,004,196$1,915,208
52$2,545,897$1,245,724$988,516$2,022,729
53$2,754,704$1,255,890$970,756$2,139,455
54$2,983,207$1,264,951$950,799$2,266,313
55$3,233,363$1,272,803$928,521$2,404,325
56$3,507,331$1,279,335$903,791$2,554,619
57$3,807,484$1,284,428$876,474$2,718,440
58$4,136,439$1,287,957$846,427$2,897,160
59$4,497,076$1,289,787$813,502$3,092,295
60$4,892,568$1,289,776$777,545$3,305,518
61$5,326,408$1,287,774$738,391$3,538,673
62$5,802,447$1,283,620$695,872$3,793,796
63$6,324,923$1,277,143$649,810$4,073,133
64$6,898,506$1,268,164$600,020$4,379,164
65$7,528,341$1,256,491$546,307$4,714,621
66$8,220,093$1,241,921$488,471$5,082,522
67$8,980,006$1,224,239$426,298$5,486,194
68$9,814,957$1,203,216$359,568$5,929,308
69$10,732,520$1,178,612$288,052$6,415,915
70$11,741,043$1,150,169$211,507$6,950,481
71$12,849,719$1,117,618$129,683$7,537,933
72$14,068,681$1,080,671$42,317$8,183,709
73$15,409,087$1,039,025$0$8,893,801
74$16,883,235$992,358$0$9,681,887
75$18,504,672$940,331$0$10,554,918
76$20,288,325$882,584$0$11,515,105
77$22,250,641$818,737$0$12,571,361
78$24,409,739$748,388$0$13,733,514
79$26,785,586$671,112$0$15,012,400
80$29,400,179$586,460$0$16,419,967
81$32,277,759$493,958$0$17,969,385
82$35,445,033$393,104$0$19,675,176
83$38,931,429$283,370$0$21,553,350
84$42,769,375$164,194$0$23,621,555
85$46,994,599$34,988$0$25,899,250
86$51,646,473$0$0$28,407,885
87$56,768,379$0$0$31,213,807
88$62,408,119$0$0$34,319,238
89$68,618,367$0$0$37,738,955
90$75,457,166$0$0$41,504,935
91$82,988,474$0$0$45,652,419
92$91,282,768$0$0$50,220,237
93$100,417,708$0$0$55,251,177
94$110,478,871$0$0$60,792,390
95$121,560,557$0$0$66,895,832
96$133,766,679$0$0$73,618,759
97$147,211,745$0$0$81,024,260
98$162,021,935$0$0$89,181,858
99$178,336,294$0$0$98,168,164
100$196,308,043$0$0$108,067,601