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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$85,056$84,299$83,560$82,838$82,134$79,954
2 years$42,107$41,323$40,563$39,826$39,111$36,930
3 years$27,793$27,005$26,247$25,517$24,814$22,700
4 years$20,637$19,852$19,101$18,384$17,697$15,667
5 years$16,344$15,564$14,823$14,120$13,453$11,512
6 years$13,484$12,709$11,979$11,292$10,645$8,794
7 years$11,441$10,673$9,955$9,284$8,657$6,898
8 years$9,910$9,149$8,443$7,788$7,182$5,512
9 years$8,720$7,966$7,272$6,634$6,048$4,467
10 years$7,768$7,021$6,339$5,718$5,154$3,659
11 years$6,990$6,251$5,581$4,977$4,432$3,022
12 years$6,342$5,610$4,953$4,365$3,841$2,513
13 years$5,794$5,070$4,425$3,854$3,349$2,100
14 years$5,325$4,609$3,976$3,421$2,936$1,763
15 years$4,918$4,210$3,590$3,051$2,585$1,485
16 years$4,563$3,863$3,255$2,732$2,285$1,255
17 years$4,250$3,557$2,962$2,454$2,026$1,063
18 years$3,972$3,287$2,704$2,212$1,801$902
19 years$3,724$3,046$2,475$1,999$1,605$767
20 years$3,501$2,831$2,272$1,810$1,434$653
21 years$3,299$2,637$2,089$1,643$1,283$556
22 years$3,116$2,461$1,926$1,494$1,150$475
23 years$2,949$2,302$1,778$1,360$1,033$405
24 years$2,796$2,157$1,644$1,241$928$347
25 years$2,655$2,024$1,523$1,133$835$296
26 years$2,526$1,902$1,413$1,036$752$254
27 years$2,407$1,790$1,312$948$678$217
28 years$2,296$1,687$1,219$869$612$186
29 years$2,193$1,592$1,135$797$553$159
30 years$2,097$1,503$1,057$731$499$136
31 years$2,007$1,421$985$672$451$117
32 years$1,923$1,344$919$617$408$100
33 years$1,845$1,273$858$568$370$86
34 years$1,771$1,207$802$522$335$74
35 years$1,701$1,145$750$481$303$63
36 years$1,636$1,086$701$443$275$54
37 years$1,574$1,032$657$408$249$47
38 years$1,516$981$615$376$226$40
39 years$1,461$932$576$347$205$34
40 years$1,408$887$540$320$186$29
41 years$1,359$844$506$295$168$25
42 years$1,311$804$475$272$153$22
43 years$1,266$766$446$251$139$19
44 years$1,224$730$418$232$126$16
45 years$1,183$697$393$214$114$14
46 years$1,144$664$369$198$104$12
47 years$1,107$634$347$183$94$10
48 years$1,072$605$326$169$86$9
49 years$1,038$578$306$156$78$7
50 years$1,006$552$288$144$71$6

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 $4,909 every year, while hoping to spend $24,123 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: 73/19/8 Blend
40$1,030,000$1,030,000$1,030,000$1,030,000
41$1,140,124$1,085,534$1,069,569$1,221,536
42$1,230,750$1,113,058$1,079,732$1,303,424
43$1,329,811$1,141,123$1,089,428$1,389,580
44$1,438,142$1,169,729$1,098,615$1,483,261
45$1,556,664$1,198,876$1,107,249$1,585,204
46$1,686,386$1,228,564$1,115,285$1,696,219
47$1,828,426$1,258,792$1,122,675$1,817,199
48$1,984,009$1,289,556$1,129,369$1,949,126
49$2,154,488$1,320,855$1,135,313$2,093,084
50$2,341,351$1,352,682$1,140,451$2,250,263
51$2,546,239$1,385,033$1,144,726$2,421,977
52$2,770,955$1,417,900$1,148,074$2,609,673
53$3,017,491$1,451,275$1,150,433$2,814,943
54$3,288,036$1,485,148$1,151,733$3,039,543
55$3,585,003$1,519,508$1,151,904$3,285,405
56$3,911,051$1,554,342$1,150,871$3,554,659
57$4,269,108$1,589,634$1,148,554$3,849,652
58$4,662,399$1,625,369$1,144,873$4,172,968
59$5,094,478$1,661,526$1,139,741$4,527,456
60$5,569,259$1,698,085$1,133,067$4,916,251
61$6,091,055$1,735,023$1,124,756$5,342,812
62$6,664,617$1,772,313$1,114,709$5,810,948
63$7,295,179$1,809,927$1,102,823$6,324,853
64$7,988,507$1,847,833$1,088,987$6,889,153
65$8,750,955$1,885,998$1,073,089$7,508,943
66$9,589,523$1,924,382$1,055,008$8,189,835
67$10,511,923$1,962,945$1,034,619$8,938,016
68$11,526,652$2,001,643$1,011,792$9,760,302
69$12,643,072$2,040,425$986,389$10,664,204
70$13,871,500$2,079,240$958,267$11,657,998
71$15,223,301$2,118,031$927,276$12,750,803
72$16,710,997$2,156,734$893,260$13,952,669
73$18,348,389$2,195,284$856,055$15,274,669
74$20,150,680$2,233,609$815,488$16,729,008
75$22,134,624$2,271,630$771,381$18,329,131
76$24,318,680$2,309,264$723,547$20,089,857
77$26,723,189$2,346,422$671,789$22,027,516
78$29,370,564$2,383,006$615,904$24,160,101
79$32,285,502$2,418,914$555,677$26,507,443
80$35,495,217$2,454,034$490,886$29,091,393
81$39,029,695$2,488,248$421,296$31,936,031
82$42,921,980$2,521,428$346,666$35,067,896
83$47,208,482$2,553,438$266,740$38,516,229
84$51,929,325$2,584,134$181,252$42,313,257
85$57,128,718$2,613,359$89,927$46,494,493
86$62,855,382$2,640,948$0$51,099,071
87$69,163,002$2,666,725$0$56,170,764
88$76,110,733$2,690,500$0$61,764,687
89$83,763,767$2,712,073$0$67,925,559
90$92,193,936$2,731,230$0$74,711,124
91$101,480,400$2,747,743$0$82,185,018
92$111,710,388$2,761,370$0$90,417,364
93$122,980,023$2,771,852$0$99,485,438
94$135,395,229$2,778,916$0$109,474,397
95$149,072,730$2,782,271$0$120,478,083
96$164,141,152$2,781,606$0$132,599,910
97$180,742,238$2,776,593$0$145,953,836
98$199,032,184$2,766,883$0$160,665,447
99$219,183,112$2,752,106$0$176,873,135
100$241,384,699$2,731,869$0$194,729,408