Can I retire at age 41 with 1,120,000?

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 $1,120,000?

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$92,489$91,665$90,861$90,076$89,310$86,870
2 years$45,786$44,934$44,107$43,306$42,529$40,087
3 years$30,221$29,365$28,540$27,747$26,982$24,617
4 years$22,440$21,586$20,770$19,990$19,244$16,973
5 years$17,772$16,924$16,118$15,354$14,629$12,458
6 years$14,662$13,820$13,026$12,279$11,575$9,507
7 years$12,441$11,606$10,825$10,095$9,414$7,448
8 years$10,776$9,948$9,180$8,469$7,810$5,945
9 years$9,482$8,662$7,907$7,213$6,577$4,812
10 years$8,447$7,635$6,893$6,218$5,604$3,937
11 years$7,601$6,797$6,069$5,411$4,819$3,247
12 years$6,896$6,100$5,386$4,747$4,176$2,696
13 years$6,300$5,513$4,812$4,191$3,642$2,251
14 years$5,790$5,011$4,324$3,720$3,193$1,887
15 years$5,348$4,578$3,904$3,317$2,811$1,587
16 years$4,962$4,200$3,539$2,970$2,484$1,339
17 years$4,622$3,868$3,221$2,669$2,203$1,132
18 years$4,319$3,574$2,940$2,405$1,959$960
19 years$4,049$3,313$2,691$2,173$1,746$815
20 years$3,807$3,078$2,470$1,968$1,559$692
21 years$3,587$2,867$2,272$1,786$1,395$589
22 years$3,388$2,677$2,094$1,624$1,251$502
23 years$3,206$2,503$1,933$1,479$1,123$428
24 years$3,040$2,345$1,788$1,349$1,009$365
25 years$2,888$2,201$1,656$1,232$908$312
26 years$2,747$2,069$1,536$1,127$818$266
27 years$2,617$1,947$1,426$1,031$737$228
28 years$2,496$1,834$1,326$945$665$195
29 years$2,384$1,731$1,234$866$601$167
30 years$2,280$1,634$1,149$795$543$142
31 years$2,182$1,545$1,071$730$491$122
32 years$2,091$1,462$1,000$671$444$104
33 years$2,006$1,384$933$617$402$89
34 years$1,925$1,312$872$568$364$76
35 years$1,850$1,245$815$523$330$65
36 years$1,779$1,181$763$481$299$56
37 years$1,712$1,122$714$444$271$48
38 years$1,648$1,066$669$409$245$41
39 years$1,588$1,014$626$377$222$35
40 years$1,531$965$587$348$202$30
41 years$1,477$918$551$321$183$26
42 years$1,426$874$516$296$166$22
43 years$1,377$833$485$273$151$19
44 years$1,331$794$455$252$137$16
45 years$1,286$757$427$233$124$14
46 years$1,244$723$401$215$113$12
47 years$1,204$689$377$199$102$10
48 years$1,166$658$354$184$93$9
49 years$1,129$629$333$170$84$8
50 years$1,094$600$313$157$77$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,120,000, adding $3,344 every year, while hoping to spend $58,869 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: 61/23/16 Blend
40$1,120,000$1,120,000$1,120,000$1,120,000
41$1,237,689$1,178,329$1,160,969$1,308,001
42$1,301,297$1,173,431$1,137,226$1,350,862
43$1,369,421$1,166,320$1,110,714$1,390,712
44$1,442,457$1,156,826$1,081,278$1,432,811
45$1,520,844$1,144,766$1,048,757$1,477,383
46$1,605,061$1,129,951$1,012,981$1,524,675
47$1,695,635$1,112,176$973,774$1,574,965
48$1,793,143$1,091,225$930,948$1,628,557
49$1,898,220$1,066,872$884,312$1,685,792
50$2,011,563$1,038,874$833,661$1,747,046
51$2,133,939$1,006,976$778,786$1,812,739
52$2,266,190$970,906$719,463$1,883,334
53$2,409,239$930,378$655,463$1,959,345
54$2,564,104$885,089$586,544$2,041,344
55$2,731,902$834,718$512,453$2,129,962
56$2,913,863$778,927$432,927$2,225,902
57$3,111,339$717,355$347,691$2,329,939
58$3,325,815$649,625$256,459$2,442,935
59$3,558,927$575,336$158,929$2,565,841
60$3,812,473$494,063$54,789$2,699,715
61$4,088,434$405,360$0$2,845,723
62$4,388,985$308,754$0$3,014,781
63$4,716,524$203,745$0$3,209,306
64$5,073,687$89,807$0$3,421,581
65$5,463,378$0$0$3,653,423
66$5,888,790$0$0$3,915,344
67$6,353,442$0$0$4,226,331
68$6,861,203$0$0$4,566,254
69$7,416,337$0$0$4,937,978
70$8,023,537$0$0$5,344,655
71$8,687,969$0$0$5,789,758
72$9,415,323$0$0$6,277,111
73$10,211,864$0$0$6,810,922
74$11,084,492$0$0$7,395,828
75$12,040,805$0$0$8,036,936
76$13,089,172$0$0$8,739,870
77$14,238,808$0$0$9,510,822
78$15,499,865$0$0$10,356,615
79$16,883,525$0$0$11,284,763
80$18,402,101$0$0$12,303,543
81$20,069,161$0$0$13,422,073
82$21,899,647$0$0$14,650,394
83$23,910,022$0$0$15,999,572
84$26,118,417$0$0$17,481,793
85$28,544,810$0$0$19,110,484
86$31,211,209$0$0$20,900,436
87$34,141,857$0$0$22,867,945
88$37,363,465$0$0$25,030,963
89$40,905,460$0$0$27,409,270
90$44,800,262$0$0$30,024,655
91$49,083,591$0$0$32,901,129
92$53,794,802$0$0$36,065,143
93$58,977,253$0$0$39,545,841
94$64,678,719$0$0$43,375,336
95$70,951,837$0$0$47,589,007
96$77,854,604$0$0$52,225,838
97$85,450,921$0$0$57,328,783
98$93,811,200$0$0$62,945,169
99$103,013,022$0$0$69,127,145
100$113,141,873$0$0$75,932,172