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

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$89,185$88,391$87,616$86,859$86,121$83,565
2 years$44,151$43,329$42,532$41,759$41,010$38,456
3 years$29,142$28,316$27,521$26,756$26,018$23,546
4 years$21,638$20,815$20,028$19,276$18,557$16,186
5 years$17,138$16,319$15,543$14,806$14,106$11,843
6 years$14,138$13,326$12,561$11,840$11,162$9,008
7 years$11,997$11,191$10,438$9,735$9,078$7,033
8 years$10,391$9,593$8,852$8,166$7,531$5,594
9 years$9,143$8,352$7,625$6,956$6,342$4,512
10 years$8,145$7,362$6,647$5,996$5,404$3,677
11 years$7,329$6,554$5,852$5,218$4,647$3,021
12 years$6,650$5,883$5,194$4,577$4,027$2,499
13 years$6,075$5,316$4,640$4,041$3,512$2,077
14 years$5,583$4,832$4,169$3,587$3,078$1,734
15 years$5,157$4,414$3,764$3,199$2,711$1,453
16 years$4,785$4,050$3,413$2,864$2,396$1,220
17 years$4,457$3,730$3,106$2,574$2,124$1,028
18 years$4,165$3,447$2,835$2,319$1,889$867
19 years$3,905$3,194$2,595$2,096$1,683$733
20 years$3,671$2,968$2,382$1,898$1,504$620
21 years$3,459$2,765$2,191$1,723$1,346$525
22 years$3,267$2,581$2,019$1,566$1,206$445
23 years$3,092$2,414$1,864$1,426$1,083$378
24 years$2,932$2,262$1,724$1,301$973$321
25 years$2,784$2,122$1,597$1,188$876$273
26 years$2,649$1,995$1,481$1,086$789$232
27 years$2,523$1,877$1,375$994$711$197
28 years$2,407$1,769$1,279$911$642$168
29 years$2,299$1,669$1,190$835$579$143
30 years$2,198$1,576$1,108$767$524$122
31 years$2,104$1,490$1,033$704$473$103
32 years$2,017$1,410$964$647$428$88
33 years$1,934$1,335$900$595$387$75
34 years$1,857$1,265$841$548$351$64
35 years$1,784$1,200$786$504$318$54
36 years$1,715$1,139$736$464$288$46
37 years$1,651$1,082$688$428$261$40
38 years$1,589$1,028$645$394$237$34
39 years$1,531$978$604$364$215$29
40 years$1,477$930$566$335$195$24
41 years$1,424$885$531$309$177$21
42 years$1,375$843$498$285$160$18
43 years$1,328$803$467$264$145$15
44 years$1,283$766$439$243$132$13
45 years$1,241$730$412$225$120$11
46 years$1,200$697$387$208$109$9
47 years$1,161$665$363$192$99$8
48 years$1,124$635$341$177$90$7
49 years$1,088$606$321$164$81$6
50 years$1,054$579$302$151$74$5

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 $5,129 every year, while hoping to spend $51,344 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: 43/41/16 Blend
40$1,080,000$1,080,000$1,080,000$1,080,000
41$1,195,451$1,138,211$1,121,471$1,241,089
42$1,262,757$1,139,353$1,104,410$1,274,806
43$1,335,208$1,138,831$1,085,058$1,305,832
44$1,413,273$1,136,508$1,063,281$1,338,347
45$1,497,471$1,132,241$1,038,945$1,372,512
46$1,588,368$1,125,876$1,011,905$1,408,507
47$1,686,588$1,117,250$982,010$1,446,531
48$1,792,817$1,106,193$949,105$1,486,812
49$1,907,809$1,092,521$913,024$1,529,599
50$2,032,392$1,076,041$873,597$1,575,174
51$2,167,477$1,056,548$830,644$1,623,852
52$2,314,066$1,033,825$783,976$1,675,983
53$2,473,260$1,007,642$733,399$1,731,957
54$2,646,272$977,755$678,707$1,792,210
55$2,834,434$943,908$619,686$1,857,228
56$3,039,214$905,826$556,113$1,927,553
57$3,262,224$863,222$487,753$2,003,785
58$3,505,241$815,791$414,363$2,086,595
59$3,770,220$763,208$335,688$2,176,729
60$4,059,310$705,134$251,462$2,275,015
61$4,374,881$641,206$161,407$2,382,373
62$4,719,538$571,044$65,233$2,499,828
63$5,096,150$494,245$0$2,628,515
64$5,507,876$410,381$0$2,776,082
65$5,958,193$319,004$0$2,949,841
66$6,450,931$219,637$0$3,140,256
67$6,990,305$111,779$0$3,349,108
68$7,580,960$0$0$3,578,368
69$8,228,007$0$0$3,832,519
70$8,937,077$0$0$4,166,427
71$9,714,371$0$0$4,532,598
72$10,566,719$0$0$4,934,266
73$11,501,643$0$0$5,374,993
74$12,527,429$0$0$5,858,704
75$13,653,203$0$0$6,389,721
76$14,889,016$0$0$6,972,804
77$16,245,944$0$0$7,613,198
78$17,736,182$0$0$8,316,682
79$19,373,169$0$0$9,089,619
80$21,171,707$0$0$9,939,022
81$23,148,105$0$0$10,872,616
82$25,320,326$0$0$11,898,910
83$27,708,165$0$0$13,027,281
84$30,333,426$0$0$14,268,058
85$33,220,132$0$0$15,632,622
86$36,394,753$0$0$17,133,512
87$39,886,449$0$0$18,784,543
88$43,727,350$0$0$20,600,937
89$47,952,857$0$0$22,599,464
90$52,601,972$0$0$24,798,605
91$57,717,672$0$0$27,218,719
92$63,347,308$0$0$29,882,239
93$69,543,054$0$0$32,813,886
94$76,362,396$0$0$36,040,897
95$83,868,679$0$0$39,593,282
96$92,131,698$0$0$43,504,111
97$101,228,360$0$0$47,809,823
98$111,243,408$0$0$52,550,569
99$122,270,218$0$0$57,770,591
100$134,411,681$0$0$63,518,641