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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$88,360$87,573$86,805$86,055$85,323$82,625
2 years$43,742$42,928$42,138$41,373$40,630$37,936
3 years$28,872$28,054$27,266$26,508$25,777$23,172
4 years$21,438$20,622$19,843$19,097$18,385$15,888
5 years$16,979$16,168$15,399$14,669$13,976$11,595
6 years$14,007$13,203$12,445$11,731$11,059$8,795
7 years$11,885$11,088$10,341$9,644$8,994$6,847
8 years$10,295$9,504$8,770$8,090$7,461$5,431
9 years$9,058$8,275$7,554$6,891$6,283$4,366
10 years$8,070$7,294$6,586$5,940$5,354$3,548
11 years$7,261$6,493$5,798$5,170$4,604$2,906
12 years$6,588$5,828$5,146$4,535$3,990$2,395
13 years$6,019$5,267$4,597$4,003$3,479$1,984
14 years$5,531$4,788$4,131$3,554$3,050$1,651
15 years$5,109$4,373$3,729$3,169$2,685$1,378
16 years$4,741$4,013$3,381$2,838$2,373$1,153
17 years$4,415$3,695$3,077$2,550$2,104$968
18 years$4,127$3,415$2,809$2,298$1,871$813
19 years$3,869$3,165$2,571$2,076$1,668$685
20 years$3,637$2,941$2,360$1,880$1,490$577
21 years$3,427$2,739$2,171$1,707$1,333$487
22 years$3,237$2,557$2,000$1,552$1,195$411
23 years$3,063$2,392$1,847$1,413$1,073$348
24 years$2,904$2,241$1,708$1,289$964$294
25 years$2,759$2,103$1,582$1,177$868$249
26 years$2,624$1,976$1,467$1,076$781$211
27 years$2,500$1,860$1,363$985$705$179
28 years$2,385$1,753$1,267$903$636$151
29 years$2,278$1,653$1,179$828$574$128
30 years$2,178$1,561$1,098$760$519$109
31 years$2,085$1,476$1,024$698$469$92
32 years$1,998$1,397$955$641$424$78
33 years$1,916$1,323$892$590$384$66
34 years$1,840$1,254$833$543$348$56
35 years$1,767$1,189$779$499$315$48
36 years$1,699$1,129$729$460$285$41
37 years$1,635$1,072$682$424$259$34
38 years$1,575$1,019$639$391$234$29
39 years$1,517$969$598$360$213$25
40 years$1,463$922$561$332$193$21
41 years$1,411$877$526$306$175$18
42 years$1,362$835$493$283$159$15
43 years$1,316$796$463$261$144$13
44 years$1,271$759$435$241$131$11
45 years$1,229$724$408$223$119$9
46 years$1,189$690$383$206$108$8
47 years$1,150$659$360$190$98$7
48 years$1,113$629$338$176$89$6
49 years$1,078$600$318$162$81$5
50 years$1,045$574$299$150$73$4

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 $5,829 every year, while hoping to spend $24,038 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: 65/19/16 Blend
40$1,070,000$1,070,000$1,070,000$1,070,000
41$1,185,153$1,128,443$1,111,858$1,257,205
42$1,280,462$1,158,160$1,123,529$1,335,885
43$1,384,687$1,188,528$1,134,785$1,418,521
44$1,498,712$1,219,553$1,145,587$1,508,234
45$1,623,511$1,251,241$1,155,894$1,605,717
46$1,760,155$1,283,597$1,165,662$1,711,731
47$1,909,824$1,316,627$1,174,846$1,827,115
48$2,073,819$1,350,335$1,183,396$1,952,792
49$2,253,571$1,384,724$1,191,262$2,089,782
50$2,450,656$1,419,796$1,198,391$2,239,205
51$2,666,812$1,455,555$1,204,726$2,402,295
52$2,903,951$1,492,001$1,210,208$2,580,415
53$3,164,179$1,529,135$1,214,775$2,775,061
54$3,449,817$1,566,954$1,218,362$2,987,887
55$3,763,422$1,605,458$1,220,900$3,220,710
56$4,107,808$1,644,643$1,222,318$3,475,536
57$4,486,078$1,684,504$1,222,539$3,754,573
58$4,901,649$1,725,035$1,221,485$4,060,254
59$5,358,284$1,766,230$1,219,072$4,395,261
60$5,860,132$1,808,077$1,215,213$4,762,547
61$6,411,760$1,850,568$1,209,818$5,165,369
62$7,018,202$1,893,688$1,202,789$5,607,313
63$7,685,003$1,937,423$1,194,026$6,092,331
64$8,418,272$1,981,755$1,183,425$6,624,780
65$9,224,740$2,026,666$1,170,875$7,209,459
66$10,111,825$2,072,134$1,156,260$7,851,656
67$11,087,696$2,118,133$1,139,460$8,557,199
68$12,161,356$2,164,637$1,120,347$9,332,512
69$13,342,726$2,211,616$1,098,790$10,184,672
70$14,642,734$2,259,035$1,074,649$11,121,477
71$16,073,422$2,306,857$1,047,779$12,151,523
72$17,648,061$2,355,043$1,018,030$13,284,282
73$19,381,270$2,403,546$985,240$14,530,190
74$21,289,159$2,452,320$949,245$15,900,750
75$23,389,479$2,501,309$909,871$17,408,639
76$25,701,790$2,550,457$866,936$19,067,824
77$28,247,643$2,599,701$820,249$20,893,702
78$31,050,789$2,648,972$769,614$22,903,235
79$34,137,395$2,698,197$714,821$25,115,121
80$37,536,296$2,747,296$655,655$27,549,961
81$41,279,268$2,796,183$591,888$30,230,463
82$45,401,322$2,844,765$523,285$33,181,648
83$49,941,040$2,892,941$449,599$36,431,090
84$54,940,936$2,940,605$370,570$40,009,180
85$60,447,857$2,987,641$285,930$43,949,406
86$66,513,427$3,033,924$195,397$48,288,676
87$73,194,532$3,079,321$98,678$53,067,661
88$80,553,856$3,123,691$0$58,331,185
89$88,660,477$3,166,878$0$64,129,418
90$97,590,512$3,208,722$0$70,534,050
91$107,427,840$3,249,045$0$77,588,263
92$118,264,893$3,287,662$0$85,358,230
93$130,203,527$3,324,372$0$93,916,870
94$143,355,984$3,358,964$0$103,344,539
95$157,845,950$3,391,208$0$113,729,787
96$173,809,723$3,420,864$0$125,170,197
97$191,397,501$3,447,673$0$137,773,303
98$210,774,797$3,471,359$0$151,657,606
99$232,124,002$3,491,632$0$166,953,696
100$255,646,106$3,508,177$0$183,805,479