Can I retire at age 41 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$89,185$88,391$87,616$86,859$86,121$83,801
2 years$44,151$43,329$42,532$41,759$41,010$38,689
3 years$29,142$28,316$27,521$26,756$26,018$23,770
4 years$21,638$20,815$20,028$19,276$18,557$16,397
5 years$17,138$16,319$15,543$14,806$14,106$12,042
6 years$14,138$13,326$12,561$11,840$11,162$9,194
7 years$11,997$11,191$10,438$9,735$9,078$7,207
8 years$10,391$9,593$8,852$8,166$7,531$5,757
9 years$9,143$8,352$7,625$6,956$6,342$4,662
10 years$8,145$7,362$6,647$5,996$5,404$3,816
11 years$7,329$6,554$5,852$5,218$4,647$3,150
12 years$6,650$5,883$5,194$4,577$4,027$2,617
13 years$6,075$5,316$4,640$4,041$3,512$2,186
14 years$5,583$4,832$4,169$3,587$3,078$1,834
15 years$5,157$4,414$3,764$3,199$2,711$1,544
16 years$4,785$4,050$3,413$2,864$2,396$1,303
17 years$4,457$3,730$3,106$2,574$2,124$1,103
18 years$4,165$3,447$2,835$2,319$1,889$936
19 years$3,905$3,194$2,595$2,096$1,683$795
20 years$3,671$2,968$2,382$1,898$1,504$676
21 years$3,459$2,765$2,191$1,723$1,346$576
22 years$3,267$2,581$2,019$1,566$1,206$491
23 years$3,092$2,414$1,864$1,426$1,083$419
24 years$2,932$2,262$1,724$1,301$973$358
25 years$2,784$2,122$1,597$1,188$876$306
26 years$2,649$1,995$1,481$1,086$789$261
27 years$2,523$1,877$1,375$994$711$224
28 years$2,407$1,769$1,279$911$642$191
29 years$2,299$1,669$1,190$835$579$164
30 years$2,198$1,576$1,108$767$524$140
31 years$2,104$1,490$1,033$704$473$120
32 years$2,017$1,410$964$647$428$103
33 years$1,934$1,335$900$595$387$88
34 years$1,857$1,265$841$548$351$76
35 years$1,784$1,200$786$504$318$65
36 years$1,715$1,139$736$464$288$55
37 years$1,651$1,082$688$428$261$48
38 years$1,589$1,028$645$394$237$41
39 years$1,531$978$604$364$215$35
40 years$1,477$930$566$335$195$30
41 years$1,424$885$531$309$177$26
42 years$1,375$843$498$285$160$22
43 years$1,328$803$467$264$145$19
44 years$1,283$766$439$243$132$16
45 years$1,241$730$412$225$120$14
46 years$1,200$697$387$208$109$12
47 years$1,161$665$363$192$99$10
48 years$1,124$635$341$177$90$9
49 years$1,088$606$321$164$81$8
50 years$1,054$579$302$151$74$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,080,000, adding $4,563 every year, while hoping to spend $28,596 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: 82/6/12 Blend
40$1,080,000$1,080,000$1,080,000$1,080,000
41$1,194,867$1,137,627$1,120,887$1,289,918
42$1,286,317$1,162,945$1,128,011$1,378,216
43$1,386,137$1,188,544$1,134,415$1,470,910
44$1,495,150$1,214,410$1,140,044$1,571,834
45$1,614,263$1,240,524$1,144,843$1,681,800
46$1,744,473$1,266,865$1,148,751$1,801,701
47$1,886,880$1,293,412$1,151,705$1,932,521
48$2,042,693$1,320,140$1,153,638$2,075,343
49$2,213,244$1,347,024$1,154,482$2,231,362
50$2,400,001$1,374,034$1,154,163$2,401,891
51$2,604,579$1,401,139$1,152,605$2,588,380
52$2,828,757$1,428,306$1,149,728$2,792,424
53$3,074,494$1,455,496$1,145,448$3,015,780
54$3,343,948$1,482,671$1,139,676$3,260,387
55$3,639,496$1,509,788$1,132,320$3,528,376
56$3,963,755$1,536,798$1,123,284$3,822,099
57$4,319,610$1,563,652$1,112,465$4,144,146
58$4,710,235$1,590,296$1,099,758$4,497,370
59$5,139,130$1,616,672$1,085,050$4,884,915
60$5,610,148$1,642,716$1,068,227$5,310,246
61$6,127,536$1,668,361$1,049,165$5,777,179
62$6,695,969$1,693,535$1,027,736$6,289,922
63$7,320,600$1,718,161$1,003,808$6,853,107
64$8,007,105$1,742,155$977,239$7,471,843
65$8,761,738$1,765,429$947,885$8,151,755
66$9,591,387$1,787,887$915,591$8,899,045
67$10,503,643$1,809,428$880,198$9,720,545
68$11,506,868$1,829,943$841,538$10,623,785
69$12,610,276$1,849,317$799,436$11,617,060
70$13,824,016$1,867,426$753,710$12,709,514
71$15,159,275$1,884,139$704,168$13,911,222
72$16,628,373$1,899,314$650,610$15,233,284
73$18,244,890$1,912,803$592,828$16,687,936
74$20,023,785$1,924,446$530,604$18,288,660
75$21,981,541$1,934,074$463,709$20,050,310
76$24,136,321$1,941,507$391,907$21,989,261
77$26,508,138$1,946,553$314,947$24,123,551
78$29,119,042$1,949,008$232,572$26,473,065
79$31,993,332$1,948,657$144,511$29,059,709
80$35,157,779$1,945,269$50,479$31,907,629
81$38,641,886$1,938,600$0$35,043,431
82$42,478,159$1,928,392$0$38,502,821
83$46,702,418$1,914,370$0$42,319,037
84$51,354,133$1,896,243$0$46,521,258
85$56,476,798$1,873,702$0$51,148,766
86$62,118,337$1,846,420$0$56,244,848
87$68,331,562$1,814,049$0$61,857,203
88$75,174,666$1,776,222$0$68,038,396
89$82,711,775$1,732,550$0$74,846,347
90$91,013,552$1,682,621$0$82,344,885
91$100,157,864$1,625,999$0$90,604,345
92$110,230,514$1,562,221$0$99,702,234
93$121,326,057$1,490,800$0$109,723,964
94$133,548,683$1,411,217$0$120,763,653
95$147,013,209$1,322,928$0$132,925,020
96$161,846,158$1,225,353$0$146,322,359
97$178,186,952$1,117,881$0$161,081,619
98$196,189,230$999,866$0$177,341,593
99$216,022,298$870,626$0$195,255,230
100$237,872,724$729,438$0$214,991,075