Can I retire at age 41 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$91,663$90,846$90,050$89,272$88,513$85,783
2 years$45,378$44,532$43,713$42,919$42,149$39,422
3 years$29,951$29,102$28,285$27,499$26,741$24,103
4 years$22,240$21,393$20,585$19,811$19,072$16,543
5 years$17,614$16,773$15,974$15,217$14,498$12,086
6 years$14,531$13,696$12,910$12,169$11,472$9,177
7 years$12,330$11,502$10,728$10,005$9,330$7,153
8 years$10,680$9,859$9,098$8,393$7,740$5,680
9 years$9,397$8,584$7,836$7,149$6,518$4,572
10 years$8,371$7,567$6,832$6,162$5,554$3,719
11 years$7,533$6,736$6,015$5,363$4,776$3,050
12 years$6,834$6,046$5,338$4,704$4,139$2,518
13 years$6,244$5,464$4,769$4,153$3,609$2,089
14 years$5,738$4,966$4,285$3,687$3,164$1,740
15 years$5,300$4,537$3,869$3,288$2,786$1,455
16 years$4,918$4,163$3,508$2,944$2,462$1,219
17 years$4,580$3,834$3,192$2,645$2,183$1,024
18 years$4,281$3,542$2,914$2,384$1,941$862
19 years$4,013$3,283$2,667$2,154$1,730$727
20 years$3,773$3,051$2,448$1,951$1,545$614
21 years$3,555$2,842$2,252$1,770$1,383$519
22 years$3,358$2,653$2,075$1,610$1,240$439
23 years$3,178$2,481$1,916$1,466$1,113$372
24 years$3,013$2,324$1,772$1,337$1,000$315
25 years$2,862$2,181$1,641$1,221$900$267
26 years$2,722$2,050$1,522$1,117$811$226
27 years$2,593$1,929$1,414$1,022$731$192
28 years$2,474$1,818$1,314$936$660$163
29 years$2,363$1,715$1,223$859$596$138
30 years$2,259$1,620$1,139$788$538$118
31 years$2,163$1,531$1,062$724$486$100
32 years$2,073$1,449$991$665$440$85
33 years$1,988$1,372$925$612$398$72
34 years$1,908$1,300$864$563$361$61
35 years$1,833$1,233$808$518$327$52
36 years$1,763$1,171$756$477$296$44
37 years$1,696$1,112$708$440$268$38
38 years$1,633$1,057$663$405$243$32
39 years$1,574$1,005$621$374$220$27
40 years$1,518$956$582$345$200$23
41 years$1,464$910$546$318$181$20
42 years$1,413$867$512$293$165$17
43 years$1,365$826$480$271$149$14
44 years$1,319$787$451$250$136$12
45 years$1,275$751$423$231$123$10
46 years$1,233$716$398$213$112$9
47 years$1,193$683$373$197$102$7
48 years$1,155$652$351$182$92$6
49 years$1,119$623$330$168$84$5
50 years$1,084$595$310$156$76$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,110,000, adding $2,803 every year, while hoping to spend $50,930 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: 41/38/21 Blend
40$1,110,000$1,110,000$1,110,000$1,110,000
41$1,226,111$1,167,281$1,150,076$1,268,695
42$1,296,986$1,170,289$1,134,415$1,302,369
43$1,373,382$1,171,737$1,116,522$1,333,695
44$1,455,810$1,171,495$1,096,268$1,366,565
45$1,544,830$1,169,426$1,073,520$1,401,146
46$1,641,056$1,165,381$1,048,137$1,437,628
47$1,745,165$1,159,206$1,019,970$1,476,222
48$1,857,900$1,150,735$988,867$1,517,165
49$1,980,077$1,139,793$954,666$1,560,722
50$2,112,596$1,126,194$917,199$1,607,187
51$2,256,444$1,109,740$876,288$1,656,890
52$2,412,708$1,090,225$831,751$1,710,200
53$2,582,584$1,067,425$783,393$1,767,527
54$2,767,386$1,041,107$731,015$1,829,327
55$2,968,560$1,011,023$674,406$1,896,111
56$3,187,701$976,910$613,346$1,968,445
57$3,426,558$938,490$547,605$2,046,960
58$3,687,061$895,470$476,943$2,132,359
59$3,971,331$847,538$401,111$2,225,423
60$4,281,705$794,366$319,846$2,327,018
61$4,620,754$735,605$232,876$2,438,110
62$4,991,309$670,888$139,916$2,559,768
63$5,396,487$599,825$40,667$2,693,182
64$5,839,718$522,007$0$2,839,671
65$6,324,783$436,998$0$3,015,320
66$6,855,840$344,340$0$3,217,806
67$7,437,472$243,549$0$3,439,884
68$8,074,723$134,113$0$3,683,629
69$8,773,152$15,491$0$3,951,336
70$9,538,876$0$0$4,245,542
71$10,378,637$0$0$4,616,256
72$11,299,857$0$0$5,030,181
73$12,310,714$0$0$5,484,534
74$13,420,213$0$0$5,983,380
75$14,638,277$0$0$6,531,201
76$15,975,832$0$0$7,132,932
77$17,444,919$0$0$7,794,009
78$19,058,798$0$0$8,520,421
79$20,832,080$0$0$9,318,767
80$22,780,858$0$0$10,196,317
81$24,922,866$0$0$11,161,078
82$27,277,636$0$0$12,221,873
83$29,866,691$0$0$13,388,425
84$32,713,742$0$0$14,671,442
85$35,844,912$0$0$16,082,725
86$39,288,984$0$0$17,635,275
87$43,077,671$0$0$19,343,417
88$47,245,911$0$0$21,222,933
89$51,832,203$0$0$23,291,215
90$56,878,964$0$0$25,567,423
91$62,432,931$0$0$28,072,669
92$68,545,600$0$0$30,830,218
93$75,273,713$0$0$33,865,703
94$82,679,793$0$0$37,207,367
95$90,832,729$0$0$40,886,333
96$99,808,433$0$0$44,936,893
97$109,690,547$0$0$49,396,836
98$120,571,239$0$0$54,307,798
99$132,552,068$0$0$59,715,662
100$145,744,942$0$0$65,670,985