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%17.6%
1 years$86,708$85,936$85,182$84,447$83,728$81,146
2 years$42,925$42,125$41,351$40,599$39,871$37,291
3 years$28,332$27,529$26,757$26,012$25,296$22,800
4 years$21,037$20,237$19,472$18,740$18,041$15,649
5 years$16,662$15,866$15,111$14,394$13,715$11,432
6 years$13,745$12,956$12,212$11,511$10,852$8,681
7 years$11,663$10,880$10,148$9,464$8,825$6,766
8 years$10,102$9,326$8,606$7,939$7,322$5,373
9 years$8,889$8,120$7,413$6,762$6,166$4,325
10 years$7,919$7,158$6,463$5,829$5,254$3,518
11 years$7,125$6,372$5,690$5,073$4,518$2,885
12 years$6,465$5,719$5,049$4,450$3,915$2,382
13 years$5,906$5,168$4,511$3,929$3,414$1,976
14 years$5,428$4,698$4,053$3,487$2,993$1,646
15 years$5,014$4,292$3,660$3,110$2,635$1,376
16 years$4,652$3,938$3,318$2,785$2,329$1,153
17 years$4,333$3,626$3,019$2,502$2,065$969
18 years$4,049$3,351$2,756$2,255$1,836$816
19 years$3,796$3,106$2,523$2,037$1,637$688
20 years$3,569$2,886$2,316$1,845$1,462$581
21 years$3,363$2,688$2,130$1,675$1,308$491
22 years$3,176$2,509$1,963$1,523$1,173$415
23 years$3,006$2,347$1,813$1,387$1,053$352
24 years$2,850$2,199$1,676$1,265$946$298
25 years$2,707$2,063$1,553$1,155$851$252
26 years$2,575$1,939$1,440$1,056$767$214
27 years$2,453$1,825$1,337$967$691$182
28 years$2,340$1,720$1,243$886$624$154
29 years$2,235$1,622$1,157$812$563$131
30 years$2,137$1,532$1,077$745$509$111
31 years$2,046$1,448$1,004$685$460$94
32 years$1,961$1,371$937$629$416$80
33 years$1,880$1,298$875$579$377$68
34 years$1,805$1,230$818$532$341$58
35 years$1,734$1,167$764$490$309$49
36 years$1,668$1,107$715$451$280$42
37 years$1,605$1,052$669$416$254$36
38 years$1,545$1,000$627$383$230$30
39 years$1,489$951$587$353$209$26
40 years$1,436$904$550$326$189$22
41 years$1,385$861$516$301$172$19
42 years$1,337$820$484$278$156$16
43 years$1,291$781$454$256$141$13
44 years$1,248$745$426$237$128$11
45 years$1,206$710$400$218$116$10
46 years$1,167$677$376$202$106$8
47 years$1,129$646$353$186$96$7
48 years$1,093$617$332$172$87$6
49 years$1,058$589$312$159$79$5
50 years$1,025$563$293$147$72$4

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 $3,885 every year, while hoping to spend $50,109 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: 70/6/24 Blend
40$1,050,000$1,050,000$1,050,000$1,050,000
41$1,161,107$1,105,457$1,089,182$1,235,086
42$1,226,225$1,106,309$1,072,354$1,285,920
43$1,296,305$1,105,523$1,053,283$1,335,338
44$1,371,800$1,102,967$1,031,841$1,388,239
45$1,453,210$1,098,498$1,007,893$1,444,964
46$1,541,080$1,091,967$981,300$1,505,891
47$1,636,011$1,083,214$951,915$1,571,438
48$1,738,664$1,072,072$919,584$1,642,066
49$1,849,765$1,058,360$884,148$1,718,283
50$1,970,112$1,041,891$845,437$1,800,652
51$2,100,581$1,022,461$803,277$1,889,793
52$2,242,138$999,860$757,485$1,986,393
53$2,395,844$973,861$707,869$2,091,207
54$2,562,866$944,226$654,228$2,205,072
55$2,744,488$910,702$596,353$2,328,910
56$2,942,121$873,022$534,027$2,463,740
57$3,157,320$830,903$467,020$2,610,687
58$3,391,795$784,046$395,093$2,770,992
59$3,647,429$732,134$317,999$2,946,025
60$3,926,291$674,833$235,477$3,137,298
61$4,230,663$611,790$147,255$3,346,482
62$4,563,052$542,630$53,051$3,575,417
63$4,926,223$466,958$0$3,826,138
64$5,323,216$384,358$0$4,113,046
65$5,757,380$294,387$0$4,441,747
66$6,232,401$196,580$0$4,801,455
67$6,752,339$90,445$0$5,195,269
68$7,321,664$0$0$5,626,605
69$7,945,298$0$0$6,100,845
70$8,628,663$0$0$6,627,106
71$9,377,729$0$0$7,204,021
72$10,199,072$0$0$7,836,661
73$11,099,933$0$0$8,530,611
74$12,088,290$0$0$9,292,025
75$13,172,928$0$0$10,127,679
76$14,363,525$0$0$11,045,038
77$15,670,743$0$0$12,052,324
78$17,106,324$0$0$13,158,594
79$18,683,205$0$0$14,373,828
80$20,415,637$0$0$15,709,017
81$22,319,320$0$0$17,176,270
82$24,411,549$0$0$18,788,928
83$26,711,379$0$0$20,561,690
84$29,239,801$0$0$22,510,745
85$32,019,944$0$0$24,653,936
86$35,077,289$0$0$27,010,915
87$38,439,910$0$0$29,603,337
88$42,138,737$0$0$32,455,062
89$46,207,850$0$0$35,592,377
90$50,684,797$0$0$39,044,245
91$55,610,951$0$0$42,842,579
92$61,031,897$0$0$47,022,542
93$66,997,861$0$0$51,622,876
94$73,564,186$0$0$56,686,272
95$80,791,851$0$0$62,259,767
96$88,748,047$0$0$68,395,190
97$97,506,811$0$0$75,149,652
98$107,149,723$0$0$82,586,080
99$117,766,675$0$0$90,773,816
100$129,456,717$0$0$99,789,266