Can I retire at age 41 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$87,534$86,754$85,993$85,251$84,526$83,057
2 years$43,334$42,527$41,744$40,986$40,250$38,776
3 years$28,602$27,792$27,011$26,260$25,537$24,101
4 years$21,238$20,430$19,657$18,919$18,213$16,828
5 years$16,820$16,017$15,255$14,532$13,845$12,515
6 years$13,876$13,079$12,328$11,621$10,955$9,682
7 years$11,774$10,984$10,245$9,554$8,909$7,693
8 years$10,199$9,415$8,688$8,015$7,391$6,231
9 years$8,974$8,198$7,483$6,827$6,225$5,120
10 years$7,994$7,226$6,524$5,885$5,304$4,254
11 years$7,193$6,433$5,744$5,122$4,561$3,565
12 years$6,526$5,774$5,097$4,492$3,953$3,008
13 years$5,963$5,218$4,554$3,966$3,447$2,553
14 years$5,480$4,743$4,092$3,521$3,021$2,177
15 years$5,062$4,333$3,695$3,140$2,660$1,864
16 years$4,696$3,975$3,350$2,811$2,351$1,601
17 years$4,374$3,661$3,048$2,526$2,085$1,378
18 years$4,088$3,383$2,782$2,276$1,854$1,190
19 years$3,832$3,135$2,547$2,057$1,652$1,029
20 years$3,603$2,913$2,338$1,863$1,476$891
21 years$3,395$2,714$2,150$1,691$1,321$773
22 years$3,206$2,533$1,982$1,537$1,184$672
23 years$3,035$2,369$1,830$1,400$1,063$584
24 years$2,877$2,220$1,692$1,277$955$508
25 years$2,733$2,083$1,567$1,166$859$443
26 years$2,600$1,958$1,454$1,066$774$386
27 years$2,477$1,843$1,350$976$698$336
28 years$2,363$1,736$1,255$894$630$294
29 years$2,256$1,638$1,168$820$569$256
30 years$2,158$1,547$1,088$753$514$224
31 years$2,065$1,462$1,014$691$465$196
32 years$1,979$1,384$946$635$420$171
33 years$1,898$1,310$883$584$380$149
34 years$1,822$1,242$825$537$344$131
35 years$1,751$1,178$772$495$312$114
36 years$1,684$1,118$722$456$283$100
37 years$1,620$1,062$676$420$256$87
38 years$1,560$1,009$633$387$232$76
39 years$1,503$960$593$357$211$67
40 years$1,449$913$556$329$191$59
41 years$1,398$869$521$304$173$51
42 years$1,350$828$489$280$157$45
43 years$1,303$789$459$259$143$39
44 years$1,259$752$430$239$130$34
45 years$1,218$717$404$221$118$30
46 years$1,178$684$380$204$107$26
47 years$1,140$653$357$188$97$23
48 years$1,103$623$335$174$88$20
49 years$1,068$595$315$161$80$18
50 years$1,035$568$296$149$73$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,060,000, adding $6,741 every year, while hoping to spend $34,887 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: 40/33/27 Blend
40$1,060,000$1,060,000$1,060,000$1,060,000
41$1,175,073$1,118,893$1,102,463$1,212,477
42$1,257,811$1,136,600$1,102,276$1,257,935
43$1,347,819$1,154,004$1,100,914$1,303,333
44$1,445,802$1,171,056$1,098,300$1,351,776
45$1,552,535$1,187,698$1,094,354$1,403,566
46$1,668,871$1,203,873$1,088,992$1,459,035
47$1,795,750$1,219,517$1,082,128$1,518,551
48$1,934,205$1,234,562$1,073,668$1,582,519
49$2,085,375$1,248,936$1,063,516$1,651,391
50$2,250,510$1,262,561$1,051,571$1,725,662
51$2,430,991$1,275,356$1,037,728$1,805,883
52$2,628,336$1,287,232$1,021,875$1,892,662
53$2,844,215$1,298,095$1,003,896$1,986,670
54$3,080,469$1,307,846$983,671$2,088,651
55$3,339,124$1,316,378$961,072$2,199,426
56$3,622,413$1,323,578$935,965$2,319,902
57$3,932,792$1,329,326$908,213$2,451,082
58$4,272,967$1,333,494$877,669$2,594,074
59$4,645,920$1,335,946$844,181$2,750,102
60$5,054,933$1,336,536$807,591$2,920,520
61$5,503,623$1,335,112$767,731$3,106,822
62$5,995,970$1,331,511$724,428$3,310,657
63$6,536,363$1,325,559$677,500$3,533,851
64$7,129,633$1,317,073$626,758$3,778,415
65$7,781,104$1,305,857$572,002$4,046,574
66$8,496,638$1,291,706$513,026$4,340,784
67$9,282,696$1,274,400$449,613$4,663,754
68$10,146,392$1,253,707$381,536$5,018,480
69$11,095,567$1,229,381$308,560$5,408,264
70$12,138,856$1,201,162$230,439$5,836,756
71$13,285,774$1,168,774$146,913$6,307,983
72$14,546,804$1,131,925$57,715$6,826,388
73$15,933,494$1,090,305$0$7,396,878
74$17,458,568$1,043,587$0$8,035,662
75$19,136,045$991,426$0$8,756,365
76$20,981,371$933,456$0$9,549,024
77$23,011,564$869,288$0$10,421,005
78$25,245,374$798,514$0$11,380,432
79$27,703,463$720,701$0$12,436,260
80$30,408,592$635,392$0$13,598,364
81$33,385,845$542,103$0$14,877,634
82$36,662,858$440,323$0$16,286,074
83$40,270,084$329,513$0$17,836,919
84$44,241,077$209,104$0$19,544,762
85$48,612,810$78,492$0$21,425,691
86$53,426,022$0$0$23,497,445
87$58,725,606$0$0$25,802,439
88$64,561,025$0$0$28,372,052
89$70,986,788$0$0$31,201,805
90$78,062,956$0$0$34,318,171
91$85,855,712$0$0$37,750,321
92$94,437,984$0$0$41,530,398
93$103,890,135$0$0$45,693,823
94$114,300,720$0$0$50,279,629
95$125,767,318$0$0$55,330,825
96$138,397,458$0$0$60,894,808
97$152,309,633$0$0$67,023,804
98$167,634,411$0$0$73,775,367
99$184,515,677$0$0$81,212,915
100$203,111,982$0$0$89,406,336