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

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$87,534$86,754$85,993$85,251$84,526$82,752
2 years$43,334$42,527$41,744$40,986$40,250$38,471
3 years$28,602$27,792$27,011$26,260$25,537$23,808
4 years$21,238$20,430$19,657$18,919$18,213$16,548
5 years$16,820$16,017$15,255$14,532$13,845$12,249
6 years$13,876$13,079$12,328$11,621$10,955$9,429
7 years$11,774$10,984$10,245$9,554$8,909$7,454
8 years$10,199$9,415$8,688$8,015$7,391$6,006
9 years$8,974$8,198$7,483$6,827$6,225$4,909
10 years$7,994$7,226$6,524$5,885$5,304$4,056
11 years$7,193$6,433$5,744$5,122$4,561$3,380
12 years$6,526$5,774$5,097$4,492$3,953$2,836
13 years$5,963$5,218$4,554$3,966$3,447$2,393
14 years$5,480$4,743$4,092$3,521$3,021$2,028
15 years$5,062$4,333$3,695$3,140$2,660$1,725
16 years$4,696$3,975$3,350$2,811$2,351$1,472
17 years$4,374$3,661$3,048$2,526$2,085$1,259
18 years$4,088$3,383$2,782$2,276$1,854$1,080
19 years$3,832$3,135$2,547$2,057$1,652$928
20 years$3,603$2,913$2,338$1,863$1,476$798
21 years$3,395$2,714$2,150$1,691$1,321$688
22 years$3,206$2,533$1,982$1,537$1,184$593
23 years$3,035$2,369$1,830$1,400$1,063$512
24 years$2,877$2,220$1,692$1,277$955$443
25 years$2,733$2,083$1,567$1,166$859$383
26 years$2,600$1,958$1,454$1,066$774$331
27 years$2,477$1,843$1,350$976$698$287
28 years$2,363$1,736$1,255$894$630$248
29 years$2,256$1,638$1,168$820$569$215
30 years$2,158$1,547$1,088$753$514$187
31 years$2,065$1,462$1,014$691$465$162
32 years$1,979$1,384$946$635$420$140
33 years$1,898$1,310$883$584$380$122
34 years$1,822$1,242$825$537$344$106
35 years$1,751$1,178$772$495$312$92
36 years$1,684$1,118$722$456$283$80
37 years$1,620$1,062$676$420$256$69
38 years$1,560$1,009$633$387$232$60
39 years$1,503$960$593$357$211$52
40 years$1,449$913$556$329$191$45
41 years$1,398$869$521$304$173$39
42 years$1,350$828$489$280$157$34
43 years$1,303$789$459$259$143$30
44 years$1,259$752$430$239$130$26
45 years$1,218$717$404$221$118$22
46 years$1,178$684$380$204$107$19
47 years$1,140$653$357$188$97$17
48 years$1,103$623$335$174$88$15
49 years$1,068$595$315$161$80$13
50 years$1,035$568$296$149$73$11

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 $2,229 every year, while hoping to spend $57,707 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: 32/40/28 Blend
40$1,060,000$1,060,000$1,060,000$1,060,000
41$1,170,419$1,114,239$1,097,809$1,197,814
42$1,228,402$1,107,437$1,073,186$1,212,206
43$1,290,365$1,098,368$1,045,804$1,222,447
44$1,356,654$1,086,859$1,015,509$1,232,350
45$1,427,646$1,072,728$982,142$1,241,926
46$1,503,756$1,055,782$945,534$1,251,193
47$1,585,440$1,035,817$905,511$1,260,173
48$1,673,197$1,012,614$861,888$1,268,900
49$1,767,576$985,945$814,474$1,277,414
50$1,869,179$955,566$763,069$1,285,768
51$1,978,666$921,220$707,463$1,294,028
52$2,096,764$882,634$647,437$1,302,271
53$2,224,271$839,520$582,763$1,310,591
54$2,362,063$791,573$513,202$1,319,101
55$2,511,104$738,470$438,504$1,327,934
56$2,672,452$679,871$358,410$1,337,245
57$2,847,272$615,414$272,647$1,347,213
58$3,036,844$544,720$180,930$1,358,049
59$3,242,576$467,385$82,965$1,369,995
60$3,466,016$382,983$0$1,383,329
61$3,708,866$291,066$0$1,404,817
62$3,973,000$191,158$0$1,455,246
63$4,260,480$82,759$0$1,510,319
64$4,573,573$0$0$1,570,613
65$4,914,775$0$0$1,652,031
66$5,286,833$0$0$1,780,678
67$5,692,769$0$0$1,921,192
68$6,135,911$0$0$2,074,743
69$6,619,922$0$0$2,242,620
70$7,148,833$0$0$2,426,242
71$7,727,085$0$0$2,627,173
72$8,359,563$0$0$2,847,133
73$9,051,651$0$0$3,088,016
74$9,809,272$0$0$3,351,909
75$10,638,954$0$0$3,641,110
76$11,547,880$0$0$3,958,150
77$12,543,966$0$0$4,305,815
78$13,635,925$0$0$4,687,176
79$14,833,357$0$0$5,105,615
80$16,146,835$0$0$5,564,855
81$17,588,002$0$0$6,069,000
82$19,169,684$0$0$6,622,567
83$20,906,012$0$0$7,230,537
84$22,812,547$0$0$7,898,392
85$24,906,433$0$0$8,632,174
86$27,206,556$0$0$9,438,538
87$29,733,721$0$0$10,324,817
88$32,510,849$0$0$11,299,088
89$35,563,188$0$0$12,370,250
90$38,918,557$0$0$13,548,109
91$42,607,604$0$0$14,843,466
92$46,664,092$0$0$16,268,223
93$51,125,224$0$0$17,835,494
94$56,031,986$0$0$19,559,725
95$61,429,534$0$0$21,456,836
96$67,367,625$0$0$23,544,365
97$73,901,077$0$0$25,841,639
98$81,090,294$0$0$28,369,951
99$89,001,826$0$0$31,152,763
100$97,709,005$0$0$34,215,928