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%19.6%
1 years$85,882$85,117$84,371$83,642$82,931$79,735
2 years$42,516$41,724$40,957$40,213$39,491$36,309
3 years$28,062$27,267$26,502$25,765$25,055$21,987
4 years$20,837$20,044$19,286$18,562$17,869$14,940
5 years$16,503$15,715$14,967$14,257$13,584$10,799
6 years$13,615$12,832$12,096$11,402$10,748$8,111
7 years$11,552$10,777$10,052$9,374$8,741$6,250
8 years$10,006$9,238$8,524$7,864$7,252$4,904
9 years$8,804$8,043$7,342$6,698$6,107$3,900
10 years$7,843$7,089$6,401$5,774$5,204$3,133
11 years$7,058$6,311$5,635$5,025$4,475$2,536
12 years$6,403$5,665$5,001$4,408$3,878$2,066
13 years$5,850$5,119$4,468$3,891$3,382$1,690
14 years$5,376$4,653$4,015$3,454$2,964$1,389
15 years$4,966$4,251$3,625$3,081$2,610$1,145
16 years$4,608$3,900$3,286$2,758$2,307$946
17 years$4,292$3,592$2,991$2,478$2,045$783
18 years$4,011$3,319$2,730$2,233$1,819$649
19 years$3,760$3,076$2,499$2,018$1,621$539
20 years$3,535$2,858$2,294$1,828$1,448$448
21 years$3,331$2,662$2,110$1,659$1,296$373
22 years$3,146$2,485$1,944$1,508$1,161$311
23 years$2,977$2,324$1,795$1,374$1,043$259
24 years$2,823$2,178$1,660$1,253$937$216
25 years$2,681$2,044$1,538$1,144$843$180
26 years$2,551$1,921$1,426$1,046$760$150
27 years$2,430$1,808$1,324$958$685$125
28 years$2,318$1,703$1,231$877$618$105
29 years$2,214$1,607$1,146$805$558$88
30 years$2,117$1,518$1,067$738$504$73
31 years$2,027$1,435$995$678$456$61
32 years$1,942$1,357$928$623$412$51
33 years$1,862$1,286$867$573$373$43
34 years$1,788$1,218$810$527$338$36
35 years$1,718$1,156$757$485$306$30
36 years$1,652$1,097$708$447$277$25
37 years$1,589$1,042$663$412$251$21
38 years$1,530$990$621$380$228$17
39 years$1,475$941$582$350$207$15
40 years$1,422$896$545$323$187$12
41 years$1,372$853$511$298$170$10
42 years$1,324$812$480$275$154$9
43 years$1,279$774$450$254$140$7
44 years$1,236$738$422$234$127$6
45 years$1,195$703$397$216$115$5
46 years$1,155$671$372$200$105$4
47 years$1,118$640$350$185$95$3
48 years$1,082$611$329$171$86$3
49 years$1,048$584$309$158$78$2
50 years$1,015$558$291$146$71$2

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 $6,129 every year, while hoping to spend $50,182 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: 65/17/18 Blend
40$1,040,000$1,040,000$1,040,000$1,040,000
41$1,152,402$1,097,282$1,081,162$1,221,763
42$1,216,554$1,097,656$1,063,988$1,269,403
43$1,285,567$1,096,366$1,044,556$1,315,128
44$1,359,885$1,093,278$1,022,739$1,363,892
45$1,439,994$1,088,249$998,401$1,415,994
46$1,526,428$1,081,127$971,402$1,471,763
47$1,619,774$1,071,753$941,595$1,531,564
48$1,720,677$1,059,956$908,825$1,595,799
49$1,829,847$1,045,554$872,931$1,664,915
50$1,948,062$1,028,357$833,745$1,739,405
51$2,076,180$1,008,162$791,091$1,819,814
52$2,215,143$984,754$744,785$1,906,743
53$2,365,986$957,906$694,633$2,000,859
54$2,529,849$927,376$640,437$2,102,899
55$2,707,987$892,910$581,984$2,213,675
56$2,901,777$854,238$519,056$2,334,088
57$3,112,738$811,075$451,424$2,465,129
58$3,342,538$763,119$378,847$2,607,898
59$3,593,015$710,051$301,077$2,763,606
60$3,866,192$651,532$217,852$2,933,595
61$4,164,293$587,207$128,900$3,119,343
62$4,489,769$516,698$33,936$3,322,486
63$4,845,316$439,607$0$3,544,829
64$5,233,903$355,512$0$3,801,312
65$5,658,798$263,969$0$4,088,989
66$6,123,600$164,508$0$4,403,828
67$6,632,272$56,633$0$4,748,579
68$7,189,176$0$0$5,126,274
69$7,799,117$0$0$5,551,512
70$8,467,386$0$0$6,029,091
71$9,199,811$0$0$6,552,590
72$10,002,809$0$0$7,126,604
73$10,883,449$0$0$7,756,196
74$11,849,514$0$0$8,446,941
75$12,909,581$0$0$9,204,980
76$14,073,094$0$0$10,037,076
77$15,350,458$0$0$10,950,682
78$16,753,133$0$0$11,954,006
79$18,293,744$0$0$13,056,088
80$19,986,199$0$0$14,266,890
81$21,845,818$0$0$15,597,385
82$23,889,481$0$0$17,059,662
83$26,135,783$0$0$18,667,038
84$28,605,209$0$0$20,434,186
85$31,320,329$0$0$22,377,271
86$34,306,010$0$0$24,514,103
87$37,589,646$0$0$26,864,304
88$41,201,422$0$0$29,449,493
89$45,174,595$0$0$32,293,490
90$49,545,807$0$0$35,422,539
91$54,355,429$0$0$38,865,557
92$59,647,945$0$0$42,654,405
93$65,472,368$0$0$46,824,190
94$71,882,703$0$0$51,413,592
95$78,938,455$0$0$56,465,233
96$86,705,190$0$0$62,026,077
97$95,255,156$0$0$68,147,870
98$104,667,958$0$0$74,887,634
99$115,031,314$0$0$82,308,196
100$126,441,880$0$0$90,478,789