Can I retire at age 41 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$86,708$85,936$85,182$84,447$83,728$80,919
2 years$42,925$42,125$41,351$40,599$39,871$37,068
3 years$28,332$27,529$26,757$26,012$25,296$22,587
4 years$21,037$20,237$19,472$18,740$18,041$15,448
5 years$16,662$15,866$15,111$14,394$13,715$11,244
6 years$13,745$12,956$12,212$11,511$10,852$8,506
7 years$11,663$10,880$10,148$9,464$8,825$6,603
8 years$10,102$9,326$8,606$7,939$7,322$5,221
9 years$8,889$8,120$7,413$6,762$6,166$4,185
10 years$7,919$7,158$6,463$5,829$5,254$3,390
11 years$7,125$6,372$5,690$5,073$4,518$2,767
12 years$6,465$5,719$5,049$4,450$3,915$2,274
13 years$5,906$5,168$4,511$3,929$3,414$1,877
14 years$5,428$4,698$4,053$3,487$2,993$1,556
15 years$5,014$4,292$3,660$3,110$2,635$1,295
16 years$4,652$3,938$3,318$2,785$2,329$1,080
17 years$4,333$3,626$3,019$2,502$2,065$903
18 years$4,049$3,351$2,756$2,255$1,836$756
19 years$3,796$3,106$2,523$2,037$1,637$634
20 years$3,569$2,886$2,316$1,845$1,462$532
21 years$3,363$2,688$2,130$1,675$1,308$447
22 years$3,176$2,509$1,963$1,523$1,173$376
23 years$3,006$2,347$1,813$1,387$1,053$317
24 years$2,850$2,199$1,676$1,265$946$267
25 years$2,707$2,063$1,553$1,155$851$225
26 years$2,575$1,939$1,440$1,056$767$190
27 years$2,453$1,825$1,337$967$691$160
28 years$2,340$1,720$1,243$886$624$135
29 years$2,235$1,622$1,157$812$563$114
30 years$2,137$1,532$1,077$745$509$96
31 years$2,046$1,448$1,004$685$460$81
32 years$1,961$1,371$937$629$416$69
33 years$1,880$1,298$875$579$377$58
34 years$1,805$1,230$818$532$341$49
35 years$1,734$1,167$764$490$309$41
36 years$1,668$1,107$715$451$280$35
37 years$1,605$1,052$669$416$254$30
38 years$1,545$1,000$627$383$230$25
39 years$1,489$951$587$353$209$21
40 years$1,436$904$550$326$189$18
41 years$1,385$861$516$301$172$15
42 years$1,337$820$484$278$156$13
43 years$1,291$781$454$256$141$11
44 years$1,248$745$426$237$128$9
45 years$1,206$710$400$218$116$8
46 years$1,167$677$376$202$106$7
47 years$1,129$646$353$186$96$6
48 years$1,093$617$332$172$87$5
49 years$1,058$589$312$159$79$4
50 years$1,025$563$293$147$72$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,050,000, adding $6,442 every year, while hoping to spend $54,602 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: 45/36/19 Blend
40$1,050,000$1,050,000$1,050,000$1,050,000
41$1,163,745$1,108,095$1,091,820$1,209,493
42$1,224,351$1,104,295$1,070,300$1,238,412
43$1,289,308$1,098,480$1,046,229$1,263,830
44$1,359,004$1,090,492$1,019,464$1,290,251
45$1,433,862$1,080,165$989,855$1,317,795
46$1,514,346$1,067,323$957,245$1,346,595
47$1,600,968$1,051,781$921,472$1,376,802
48$1,694,289$1,033,340$882,363$1,408,585
49$1,794,924$1,011,791$839,740$1,442,137
50$1,903,550$986,913$793,415$1,477,672
51$2,020,910$958,470$743,193$1,515,432
52$2,147,822$926,214$688,869$1,555,688
53$2,285,184$889,883$630,230$1,598,745
54$2,433,982$849,196$567,052$1,644,944
55$2,595,303$803,862$499,103$1,694,665
56$2,770,340$753,567$426,138$1,748,336
57$2,960,405$697,982$347,905$1,806,434
58$3,166,943$636,760$264,136$1,869,491
59$3,391,542$569,532$174,556$1,938,101
60$3,635,950$495,909$78,873$2,012,928
61$3,902,089$415,481$0$2,094,711
62$4,192,075$327,812$0$2,188,984
63$4,508,237$232,446$0$2,309,324
64$4,853,137$128,896$0$2,440,812
65$5,229,597$16,651$0$2,584,652
66$5,640,721$0$0$2,742,181
67$6,089,927$0$0$2,956,404
68$6,580,979$0$0$3,197,913
69$7,118,019$0$0$3,462,165
70$7,705,609$0$0$3,751,420
71$8,348,773$0$0$4,068,166
72$9,053,040$0$0$4,415,145
73$9,824,503$0$0$4,795,374
74$10,669,869$0$0$5,212,178
75$11,596,524$0$0$5,669,218
76$12,612,606$0$0$6,170,526
77$13,727,076$0$0$6,720,543
78$14,949,802$0$0$7,324,162
79$16,291,658$0$0$7,986,771
80$17,764,618$0$0$8,714,305
81$19,381,872$0$0$9,513,304
82$21,157,953$0$0$10,390,970
83$23,108,866$0$0$11,355,238
84$25,252,245$0$0$12,414,850
85$27,607,517$0$0$13,579,435
86$30,196,083$0$0$14,859,604
87$33,041,518$0$0$16,267,045
88$36,169,800$0$0$17,814,635
89$39,609,545$0$0$19,516,562
90$43,392,282$0$0$21,388,459
91$47,552,749$0$0$23,447,546
92$52,129,219$0$0$25,712,801
93$57,163,860$0$0$28,205,131
94$62,703,135$0$0$30,947,571
95$68,798,236$0$0$33,965,503
96$75,505,568$0$0$37,286,895
97$82,887,279$0$0$40,942,562
98$91,011,850$0$0$44,966,458
99$99,954,735$0$0$49,395,995
100$109,799,073$0$0$54,272,398