Can I retire at age 41 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$88,360$87,573$86,805$86,055$85,323$82,991
2 years$43,742$42,928$42,138$41,373$40,630$38,298
3 years$28,872$28,054$27,266$26,508$25,777$23,518
4 years$21,438$20,622$19,843$19,097$18,385$16,215
5 years$16,979$16,168$15,399$14,669$13,976$11,902
6 years$14,007$13,203$12,445$11,731$11,059$9,083
7 years$11,885$11,088$10,341$9,644$8,994$7,116
8 years$10,295$9,504$8,770$8,090$7,461$5,680
9 years$9,058$8,275$7,554$6,891$6,283$4,598
10 years$8,070$7,294$6,586$5,940$5,354$3,761
11 years$7,261$6,493$5,798$5,170$4,604$3,102
12 years$6,588$5,828$5,146$4,535$3,990$2,576
13 years$6,019$5,267$4,597$4,003$3,479$2,150
14 years$5,531$4,788$4,131$3,554$3,050$1,802
15 years$5,109$4,373$3,729$3,169$2,685$1,516
16 years$4,741$4,013$3,381$2,838$2,373$1,279
17 years$4,415$3,695$3,077$2,550$2,104$1,082
18 years$4,127$3,415$2,809$2,298$1,871$917
19 years$3,869$3,165$2,571$2,076$1,668$778
20 years$3,637$2,941$2,360$1,880$1,490$662
21 years$3,427$2,739$2,171$1,707$1,333$563
22 years$3,237$2,557$2,000$1,552$1,195$480
23 years$3,063$2,392$1,847$1,413$1,073$409
24 years$2,904$2,241$1,708$1,289$964$349
25 years$2,759$2,103$1,582$1,177$868$298
26 years$2,624$1,976$1,467$1,076$781$255
27 years$2,500$1,860$1,363$985$705$218
28 years$2,385$1,753$1,267$903$636$186
29 years$2,278$1,653$1,179$828$574$159
30 years$2,178$1,561$1,098$760$519$136
31 years$2,085$1,476$1,024$698$469$116
32 years$1,998$1,397$955$641$424$100
33 years$1,916$1,323$892$590$384$85
34 years$1,840$1,254$833$543$348$73
35 years$1,767$1,189$779$499$315$63
36 years$1,699$1,129$729$460$285$54
37 years$1,635$1,072$682$424$259$46
38 years$1,575$1,019$639$391$234$39
39 years$1,517$969$598$360$213$34
40 years$1,463$922$561$332$193$29
41 years$1,411$877$526$306$175$25
42 years$1,362$835$493$283$159$21
43 years$1,316$796$463$261$144$18
44 years$1,271$759$435$241$131$16
45 years$1,229$724$408$223$119$13
46 years$1,189$690$383$206$108$11
47 years$1,150$659$360$190$98$10
48 years$1,113$629$338$176$89$8
49 years$1,078$600$318$162$81$7
50 years$1,045$574$299$150$73$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,070,000, adding $3,179 every year, while hoping to spend $56,870 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: 78/11/11 Blend
40$1,070,000$1,070,000$1,070,000$1,070,000
41$1,182,419$1,125,709$1,109,124$1,272,056
42$1,242,517$1,120,360$1,085,771$1,326,095
43$1,306,838$1,112,842$1,059,729$1,377,724
44$1,375,754$1,102,990$1,030,848$1,432,716
45$1,449,672$1,090,627$998,972$1,491,382
46$1,529,037$1,075,566$963,936$1,554,065
47$1,614,340$1,057,610$925,569$1,621,146
48$1,706,118$1,036,548$883,691$1,693,040
49$1,804,961$1,012,158$838,114$1,770,210
50$1,911,518$984,205$788,642$1,853,162
51$2,026,501$952,440$735,070$1,942,458
52$2,150,693$916,598$677,183$2,038,715
53$2,284,953$876,401$614,758$2,142,615
54$2,430,227$831,553$547,561$2,254,909
55$2,587,553$781,742$475,348$2,376,429
56$2,758,074$726,638$397,862$2,508,087
57$2,943,045$665,891$314,839$2,650,894
58$3,143,849$599,133$225,999$2,805,963
59$3,362,004$525,973$131,052$2,974,521
60$3,599,181$445,998$29,695$3,157,925
61$3,857,220$358,774$0$3,357,668
62$4,138,143$263,840$0$3,584,608
63$4,444,175$160,710$0$3,835,672
64$4,777,767$48,871$0$4,109,418
65$5,141,614$0$0$4,408,099
66$5,538,684$0$0$4,742,943
67$5,972,243$0$0$5,115,049
68$6,445,886$0$0$5,521,592
69$6,963,571$0$0$5,965,975
70$7,529,657$0$0$6,451,941
71$8,148,942$0$0$6,983,615
72$8,826,708$0$0$7,565,538
73$9,568,773$0$0$8,202,709
74$10,381,544$0$0$8,900,634
75$11,272,076$0$0$9,665,377
76$12,248,137$0$0$10,503,615
77$13,318,285$0$0$11,422,704
78$14,491,945$0$0$12,430,742
79$15,779,497$0$0$13,536,653
80$17,192,375$0$0$14,750,263
81$18,743,172$0$0$16,082,396
82$20,445,761$0$0$17,544,976
83$22,315,424$0$0$19,151,139
84$24,368,996$0$0$20,915,352
85$26,625,019$0$0$22,853,554
86$29,103,924$0$0$24,983,306
87$31,828,216$0$0$27,323,951
88$34,822,691$0$0$29,896,801
89$38,114,664$0$0$32,725,334
90$41,734,230$0$0$35,835,419
91$45,714,546$0$0$39,255,553
92$50,092,142$0$0$43,017,135
93$54,907,266$0$0$47,154,761
94$60,204,263$0$0$51,706,546
95$66,031,992$0$0$56,714,486
96$72,444,286$0$0$62,224,853
97$79,500,461$0$0$68,288,630
98$87,265,873$0$0$74,961,993
99$95,812,531$0$0$82,306,839
100$105,219,783$0$0$90,391,368