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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$86,708$85,936$85,182$84,447$83,728$81,804
2 years$42,925$42,125$41,351$40,599$39,871$37,943
3 years$28,332$27,529$26,757$26,012$25,296$23,424
4 years$21,037$20,237$19,472$18,740$18,041$16,240
5 years$16,662$15,866$15,111$14,394$13,715$11,990
6 years$13,745$12,956$12,212$11,511$10,852$9,205
7 years$11,663$10,880$10,148$9,464$8,825$7,256
8 years$10,102$9,326$8,606$7,939$7,322$5,830
9 years$8,889$8,120$7,413$6,762$6,166$4,750
10 years$7,919$7,158$6,463$5,829$5,254$3,913
11 years$7,125$6,372$5,690$5,073$4,518$3,250
12 years$6,465$5,719$5,049$4,450$3,915$2,718
13 years$5,906$5,168$4,511$3,929$3,414$2,286
14 years$5,428$4,698$4,053$3,487$2,993$1,930
15 years$5,014$4,292$3,660$3,110$2,635$1,637
16 years$4,652$3,938$3,318$2,785$2,329$1,392
17 years$4,333$3,626$3,019$2,502$2,065$1,186
18 years$4,049$3,351$2,756$2,255$1,836$1,014
19 years$3,796$3,106$2,523$2,037$1,637$867
20 years$3,569$2,886$2,316$1,845$1,462$744
21 years$3,363$2,688$2,130$1,675$1,308$638
22 years$3,176$2,509$1,963$1,523$1,173$548
23 years$3,006$2,347$1,813$1,387$1,053$472
24 years$2,850$2,199$1,676$1,265$946$406
25 years$2,707$2,063$1,553$1,155$851$350
26 years$2,575$1,939$1,440$1,056$767$301
27 years$2,453$1,825$1,337$967$691$260
28 years$2,340$1,720$1,243$886$624$224
29 years$2,235$1,622$1,157$812$563$193
30 years$2,137$1,532$1,077$745$509$167
31 years$2,046$1,448$1,004$685$460$144
32 years$1,961$1,371$937$629$416$125
33 years$1,880$1,298$875$579$377$108
34 years$1,805$1,230$818$532$341$93
35 years$1,734$1,167$764$490$309$80
36 years$1,668$1,107$715$451$280$69
37 years$1,605$1,052$669$416$254$60
38 years$1,545$1,000$627$383$230$52
39 years$1,489$951$587$353$209$45
40 years$1,436$904$550$326$189$39
41 years$1,385$861$516$301$172$34
42 years$1,337$820$484$278$156$29
43 years$1,291$781$454$256$141$25
44 years$1,248$745$426$237$128$22
45 years$1,206$710$400$218$116$19
46 years$1,167$677$376$202$106$16
47 years$1,129$646$353$186$96$14
48 years$1,093$617$332$172$87$12
49 years$1,058$589$312$159$79$11
50 years$1,025$563$293$147$72$9

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 $6,746 every year, while hoping to spend $50,454 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: 69/15/16 Blend
40$1,050,000$1,050,000$1,050,000$1,050,000
41$1,164,058$1,108,408$1,092,133$1,239,552
42$1,229,110$1,109,038$1,075,037$1,291,326
43$1,299,105$1,108,007$1,055,677$1,341,326
44$1,374,496$1,105,181$1,033,925$1,394,755
45$1,455,778$1,100,418$1,009,644$1,451,945
46$1,543,494$1,093,566$982,694$1,513,262
47$1,638,243$1,084,463$952,927$1,579,112
48$1,740,682$1,072,940$920,188$1,649,942
49$1,851,532$1,058,815$884,315$1,726,245
50$1,971,589$1,041,897$845,140$1,808,568
51$2,101,723$1,021,983$802,485$1,897,513
52$2,242,897$998,857$756,166$1,993,746
53$2,396,164$972,293$705,989$2,098,001
54$2,562,685$942,048$651,752$2,211,091
55$2,743,739$907,868$593,246$2,333,912
56$2,940,729$869,482$530,248$2,467,452
57$3,155,202$826,605$462,530$2,612,805
58$3,388,858$778,935$389,850$2,771,177
59$3,643,570$726,151$311,959$2,943,900
60$3,921,397$667,916$228,593$3,132,444
61$4,224,608$603,871$139,478$3,338,432
62$4,555,698$533,641$44,331$3,563,654
63$4,917,414$456,825$0$3,810,090
64$5,312,783$373,001$0$4,089,688
65$5,745,133$281,725$0$4,403,801
66$6,218,132$182,525$0$4,747,567
67$6,735,817$74,904$0$5,123,977
68$7,302,635$0$0$5,536,330
69$7,923,480$0$0$5,995,137
70$8,603,745$0$0$6,511,461
71$9,349,367$0$0$7,077,452
72$10,166,886$0$0$7,698,081
73$11,063,504$0$0$8,378,824
74$12,047,155$0$0$9,125,712
75$13,126,576$0$0$9,945,389
76$14,311,391$0$0$10,845,172
77$15,612,205$0$0$11,833,121
78$17,040,694$0$0$12,918,116
79$18,609,724$0$0$14,109,938
80$20,333,469$0$0$15,419,362
81$22,227,540$0$0$16,858,259
82$24,309,138$0$0$18,439,706
83$26,597,212$0$0$20,178,111
84$29,112,640$0$0$22,089,347
85$31,878,419$0$0$24,190,900
86$34,919,892$0$0$26,502,037
87$38,264,976$0$0$29,043,986
88$41,944,431$0$0$31,840,134
89$45,992,147$0$0$34,916,249
90$50,445,467$0$0$38,300,723
91$55,345,531$0$0$42,024,839
92$60,737,674$0$0$46,123,064
93$66,671,842$0$0$50,633,376
94$73,203,071$0$0$55,597,622
95$80,392,002$0$0$61,061,909
96$88,305,455$0$0$67,077,043
97$97,017,054$0$0$73,699,006
98$106,607,926$0$0$80,989,483
99$117,167,464$0$0$89,016,443
100$128,794,168$0$0$97,854,783