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%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 $3,311 every year, while hoping to spend $53,332 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: 54/40/6 Blend
40$1,050,000$1,050,000$1,050,000$1,050,000
41$1,160,515$1,104,865$1,088,590$1,221,442
42$1,222,143$1,102,259$1,068,313$1,260,379
43$1,288,269$1,097,737$1,045,569$1,296,558
44$1,359,297$1,091,150$1,020,220$1,334,631
45$1,435,667$1,082,339$992,119$1,374,784
46$1,517,865$1,071,134$961,116$1,417,224
47$1,606,425$1,057,356$927,050$1,462,186
48$1,701,929$1,040,816$889,756$1,509,926
49$1,805,023$1,021,312$849,059$1,560,733
50$1,916,410$998,632$804,778$1,614,925
51$2,036,869$972,550$756,723$1,672,859
52$2,167,252$942,827$704,695$1,734,930
53$2,308,496$909,210$648,486$1,801,578
54$2,461,632$871,431$587,881$1,873,289
55$2,627,796$829,208$522,652$1,950,607
56$2,808,232$782,241$452,562$2,034,133
57$3,004,315$730,213$377,365$2,124,535
58$3,217,551$672,790$296,803$2,222,555
59$3,449,601$609,617$210,606$2,329,016
60$3,702,292$540,320$118,493$2,444,831
61$3,977,634$464,503$20,171$2,571,012
62$4,277,838$381,750$0$2,708,680
63$4,605,340$291,618$0$2,864,506
64$4,962,818$193,640$0$3,036,174
65$5,353,223$87,326$0$3,223,938
66$5,779,801$0$0$3,429,514
67$6,246,128$0$0$3,667,054
68$6,756,139$0$0$3,968,980
69$7,314,167$0$0$4,299,430
70$7,924,985$0$0$4,661,244
71$8,593,846$0$0$5,057,545
72$9,326,537$0$0$5,491,775
73$10,129,431$0$0$5,967,726
74$11,009,545$0$0$6,489,571
75$11,974,608$0$0$7,061,908
76$13,033,133$0$0$7,689,801
77$14,194,497$0$0$8,378,828
78$15,469,027$0$0$9,135,133
79$16,868,101$0$0$9,965,483
80$18,404,249$0$0$10,877,334
81$20,091,275$0$0$11,878,898
82$21,944,387$0$0$12,979,221
83$23,980,336$0$0$14,188,271
84$26,217,576$0$0$15,517,027
85$28,676,440$0$0$16,977,585
86$31,379,324$0$0$18,583,271
87$34,350,907$0$0$20,348,767
88$37,618,373$0$0$22,290,249
89$41,211,677$0$0$24,425,538
90$45,163,820$0$0$26,774,269
91$49,511,160$0$0$29,358,077
92$54,293,759$0$0$32,200,798
93$59,555,755$0$0$35,328,694
94$65,345,782$0$0$38,770,704
95$71,717,425$0$0$42,558,710
96$78,729,727$0$0$46,727,845
97$86,447,742$0$0$51,316,819
98$94,943,154$0$0$56,368,283
99$104,294,947$0$0$61,929,238
100$114,590,152$0$0$68,051,469