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%18.8%
1 years$87,534$86,754$85,993$85,251$84,526$81,527
2 years$43,334$42,527$41,744$40,986$40,250$37,261
3 years$28,602$27,792$27,011$26,260$25,537$22,650
4 years$21,238$20,430$19,657$18,919$18,213$15,452
5 years$16,820$16,017$15,255$14,532$13,845$11,217
6 years$13,876$13,079$12,328$11,621$10,955$8,462
7 years$11,774$10,984$10,245$9,554$8,909$6,551
8 years$10,199$9,415$8,688$8,015$7,391$5,165
9 years$8,974$8,198$7,483$6,827$6,225$4,127
10 years$7,994$7,226$6,524$5,885$5,304$3,332
11 years$7,193$6,433$5,744$5,122$4,561$2,712
12 years$6,526$5,774$5,097$4,492$3,953$2,220
13 years$5,963$5,218$4,554$3,966$3,447$1,827
14 years$5,480$4,743$4,092$3,521$3,021$1,509
15 years$5,062$4,333$3,695$3,140$2,660$1,251
16 years$4,696$3,975$3,350$2,811$2,351$1,040
17 years$4,374$3,661$3,048$2,526$2,085$866
18 years$4,088$3,383$2,782$2,276$1,854$722
19 years$3,832$3,135$2,547$2,057$1,652$604
20 years$3,603$2,913$2,338$1,863$1,476$505
21 years$3,395$2,714$2,150$1,691$1,321$423
22 years$3,206$2,533$1,982$1,537$1,184$354
23 years$3,035$2,369$1,830$1,400$1,063$297
24 years$2,877$2,220$1,692$1,277$955$249
25 years$2,733$2,083$1,567$1,166$859$209
26 years$2,600$1,958$1,454$1,066$774$176
27 years$2,477$1,843$1,350$976$698$148
28 years$2,363$1,736$1,255$894$630$124
29 years$2,256$1,638$1,168$820$569$104
30 years$2,158$1,547$1,088$753$514$88
31 years$2,065$1,462$1,014$691$465$74
32 years$1,979$1,384$946$635$420$62
33 years$1,898$1,310$883$584$380$52
34 years$1,822$1,242$825$537$344$44
35 years$1,751$1,178$772$495$312$37
36 years$1,684$1,118$722$456$283$31
37 years$1,620$1,062$676$420$256$26
38 years$1,560$1,009$633$387$232$22
39 years$1,503$960$593$357$211$19
40 years$1,449$913$556$329$191$16
41 years$1,398$869$521$304$173$13
42 years$1,350$828$489$280$157$11
43 years$1,303$789$459$259$143$9
44 years$1,259$752$430$239$130$8
45 years$1,218$717$404$221$118$7
46 years$1,178$684$380$204$107$6
47 years$1,140$653$357$188$97$5
48 years$1,103$623$335$174$88$4
49 years$1,068$595$315$161$80$3
50 years$1,035$568$296$149$73$3

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 $6,936 every year, while hoping to spend $22,217 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: 41/48/11 Blend
40$1,060,000$1,060,000$1,060,000$1,060,000
41$1,175,274$1,119,094$1,102,664$1,219,362
42$1,271,514$1,150,291$1,115,965$1,282,190
43$1,376,825$1,182,272$1,128,967$1,347,404
44$1,492,110$1,215,052$1,141,635$1,417,491
45$1,618,361$1,248,646$1,153,937$1,492,902
46$1,756,673$1,283,069$1,165,833$1,574,136
47$1,908,250$1,318,335$1,177,284$1,661,739
48$2,074,418$1,354,460$1,188,250$1,756,313
49$2,256,638$1,391,459$1,198,686$1,858,521
50$2,456,520$1,429,345$1,208,546$1,969,093
51$2,675,835$1,468,133$1,217,783$2,088,831
52$2,916,536$1,507,837$1,226,344$2,218,617
53$3,180,773$1,548,472$1,234,177$2,359,426
54$3,470,915$1,590,050$1,241,225$2,512,327
55$3,789,571$1,632,585$1,247,429$2,678,499
56$4,139,616$1,676,090$1,252,727$2,859,241
57$4,524,216$1,720,577$1,257,052$3,055,982
58$4,946,859$1,766,059$1,260,336$3,270,297
59$5,411,389$1,812,546$1,262,508$3,503,919
60$5,922,039$1,860,049$1,263,490$3,758,759
61$6,483,474$1,908,579$1,263,204$4,036,920
62$7,100,833$1,958,144$1,261,567$4,340,719
63$7,779,779$2,008,754$1,258,490$4,672,708
64$8,526,548$2,060,415$1,253,881$5,035,701
65$9,348,015$2,113,134$1,247,645$5,432,794
66$10,251,752$2,166,917$1,239,681$5,867,401
67$11,246,103$2,221,768$1,229,882$6,343,281
68$12,340,261$2,277,690$1,218,138$6,864,578
69$13,544,354$2,334,684$1,204,333$7,435,855
70$14,869,546$2,392,751$1,188,345$8,062,141
71$16,328,132$2,451,888$1,170,048$8,748,979
72$17,933,664$2,512,093$1,149,306$9,502,473
73$19,701,071$2,573,360$1,125,982$10,329,351
74$21,646,807$2,635,681$1,099,929$11,237,026
75$23,788,999$2,699,047$1,070,995$12,233,667
76$26,147,623$2,763,446$1,039,019$13,328,274
77$28,744,689$2,828,863$1,003,834$14,530,766
78$31,604,451$2,895,281$965,266$15,852,074
79$34,753,634$2,962,679$923,132$17,304,241
80$38,221,688$3,031,034$877,240$18,900,540
81$42,041,064$3,100,318$827,391$20,655,597
82$46,247,520$3,170,501$773,377$22,585,528
83$50,880,460$3,241,549$714,978$24,708,096
84$55,983,305$3,313,423$651,967$27,042,873
85$61,603,900$3,386,079$584,107$29,611,428
86$67,794,971$3,459,469$511,147$32,437,532
87$74,614,616$3,533,541$432,828$35,547,378
88$82,126,858$3,608,236$348,880$38,969,834
89$90,402,248$3,683,490$259,018$42,736,711
90$99,518,529$3,759,233$162,946$46,883,066
91$109,561,371$3,835,388$60,357$51,447,533
92$120,625,180$3,911,870$0$56,472,688
93$132,813,986$3,988,590$0$62,011,216
94$146,242,429$4,065,447$0$68,116,992
95$161,036,838$4,142,335$0$74,839,950
96$177,336,424$4,219,138$0$82,242,929
97$195,294,593$4,295,729$0$90,395,176
98$215,080,396$4,371,974$0$99,373,005
99$236,880,121$4,447,726$0$109,260,511
100$260,899,057$4,522,828$0$120,150,368