Can I retire at age 41 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$85,882$85,117$84,371$83,642$82,931$80,309
2 years$42,516$41,724$40,957$40,213$39,491$36,873
3 years$28,062$27,267$26,502$25,765$25,055$22,523
4 years$20,837$20,044$19,286$18,562$17,869$15,443
5 years$16,503$15,715$14,967$14,257$13,584$11,270
6 years$13,615$12,832$12,096$11,402$10,748$8,548
7 years$11,552$10,777$10,052$9,374$8,741$6,655
8 years$10,006$9,238$8,524$7,864$7,252$5,278
9 years$8,804$8,043$7,342$6,698$6,107$4,244
10 years$7,843$7,089$6,401$5,774$5,204$3,448
11 years$7,058$6,311$5,635$5,025$4,475$2,824
12 years$6,403$5,665$5,001$4,408$3,878$2,328
13 years$5,850$5,119$4,468$3,891$3,382$1,929
14 years$5,376$4,653$4,015$3,454$2,964$1,605
15 years$4,966$4,251$3,625$3,081$2,610$1,339
16 years$4,608$3,900$3,286$2,758$2,307$1,121
17 years$4,292$3,592$2,991$2,478$2,045$941
18 years$4,011$3,319$2,730$2,233$1,819$791
19 years$3,760$3,076$2,499$2,018$1,621$666
20 years$3,535$2,858$2,294$1,828$1,448$561
21 years$3,331$2,662$2,110$1,659$1,296$473
22 years$3,146$2,485$1,944$1,508$1,161$400
23 years$2,977$2,324$1,795$1,374$1,043$338
24 years$2,823$2,178$1,660$1,253$937$286
25 years$2,681$2,044$1,538$1,144$843$242
26 years$2,551$1,921$1,426$1,046$760$205
27 years$2,430$1,808$1,324$958$685$174
28 years$2,318$1,703$1,231$877$618$147
29 years$2,214$1,607$1,146$805$558$125
30 years$2,117$1,518$1,067$738$504$106
31 years$2,027$1,435$995$678$456$90
32 years$1,942$1,357$928$623$412$76
33 years$1,862$1,286$867$573$373$64
34 years$1,788$1,218$810$527$338$55
35 years$1,718$1,156$757$485$306$46
36 years$1,652$1,097$708$447$277$39
37 years$1,589$1,042$663$412$251$33
38 years$1,530$990$621$380$228$28
39 years$1,475$941$582$350$207$24
40 years$1,422$896$545$323$187$20
41 years$1,372$853$511$298$170$17
42 years$1,324$812$480$275$154$15
43 years$1,279$774$450$254$140$12
44 years$1,236$738$422$234$127$11
45 years$1,195$703$397$216$115$9
46 years$1,155$671$372$200$105$8
47 years$1,118$640$350$185$95$6
48 years$1,082$611$329$171$86$6
49 years$1,048$584$309$158$78$5
50 years$1,015$558$291$146$71$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,040,000, adding $5,378 every year, while hoping to spend $55,074 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: 42/44/14 Blend
40$1,040,000$1,040,000$1,040,000$1,040,000
41$1,151,627$1,096,507$1,080,387$1,195,061
42$1,210,495$1,091,638$1,057,982$1,221,250
43$1,273,521$1,084,684$1,032,980$1,243,721
44$1,341,072$1,075,485$1,005,237$1,266,858
45$1,413,550$1,063,872$974,600$1,290,746
46$1,491,394$1,049,664$940,912$1,315,483
47$1,575,088$1,032,670$904,004$1,341,181
48$1,665,164$1,012,688$863,706$1,367,967
49$1,762,205$989,503$819,833$1,395,986
50$1,866,850$962,889$772,198$1,425,402
51$1,979,803$932,605$720,601$1,456,401
52$2,101,837$898,397$664,835$1,489,194
53$2,233,802$859,996$604,685$1,524,019
54$2,376,631$817,116$539,923$1,561,143
55$2,531,350$769,458$470,313$1,600,870
56$2,699,088$716,702$395,609$1,643,538
57$2,881,086$658,511$315,553$1,689,529
58$3,078,709$594,530$229,876$1,739,271
59$3,293,457$524,382$138,297$1,793,247
60$3,526,982$447,669$40,522$1,851,993
61$3,781,101$363,972$0$1,916,114
62$4,057,813$272,846$0$1,995,816
63$4,359,317$173,822$0$2,089,399
64$4,688,034$66,406$0$2,191,696
65$5,046,629$0$0$2,303,698
66$5,438,032$0$0$2,450,679
67$5,865,474$0$0$2,646,429
68$6,332,507$0$0$2,860,437
69$6,843,042$0$0$3,094,513
70$7,401,388$0$0$3,350,647
71$8,012,287$0$0$3,631,033
72$8,680,959$0$0$3,938,084
73$9,413,156$0$0$4,274,460
74$10,215,210$0$0$4,643,089
75$11,094,093$0$0$5,047,196
76$12,057,485$0$0$5,490,333
77$13,113,845$0$0$5,976,413
78$14,272,489$0$0$6,509,744
79$15,543,676$0$0$7,095,072
80$16,938,710$0$0$7,737,626
81$18,470,038$0$0$8,443,164
82$20,151,375$0$0$9,218,030
83$21,997,826$0$0$10,069,213
84$24,026,032$0$0$11,004,412
85$26,254,325$0$0$12,032,107
86$28,702,899$0$0$13,161,643
87$31,394,002$0$0$14,403,312
88$34,352,145$0$0$15,768,456
89$37,604,332$0$0$17,269,568
90$41,180,312$0$0$18,920,416
91$45,112,862$0$0$20,736,164
92$49,438,096$0$0$22,733,523
93$54,195,801$0$0$24,930,904
94$59,429,815$0$0$27,348,593
95$65,188,438$0$0$30,008,940
96$71,524,890$0$0$32,936,573
97$78,497,808$0$0$36,158,626
98$86,171,800$0$0$39,704,998
99$94,618,057$0$0$43,608,633
100$103,915,020$0$0$47,905,831