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%11%
1 years$92,489$91,665$90,861$90,076$89,310$88,934
2 years$45,786$44,934$44,107$43,306$42,529$42,149
3 years$30,221$29,365$28,540$27,747$26,982$26,610
4 years$22,440$21,586$20,770$19,990$19,244$18,883
5 years$17,772$16,924$16,118$15,354$14,629$14,280
6 years$14,662$13,820$13,026$12,279$11,575$11,239
7 years$12,441$11,606$10,825$10,095$9,414$9,090
8 years$10,776$9,948$9,180$8,469$7,810$7,499
9 years$9,482$8,662$7,907$7,213$6,577$6,279
10 years$8,447$7,635$6,893$6,218$5,604$5,318
11 years$7,601$6,797$6,069$5,411$4,819$4,546
12 years$6,896$6,100$5,386$4,747$4,176$3,916
13 years$6,300$5,513$4,812$4,191$3,642$3,393
14 years$5,790$5,011$4,324$3,720$3,193$2,955
15 years$5,348$4,578$3,904$3,317$2,811$2,585
16 years$4,962$4,200$3,539$2,970$2,484$2,269
17 years$4,622$3,868$3,221$2,669$2,203$1,998
18 years$4,319$3,574$2,940$2,405$1,959$1,765
19 years$4,049$3,313$2,691$2,173$1,746$1,562
20 years$3,807$3,078$2,470$1,968$1,559$1,385
21 years$3,587$2,867$2,272$1,786$1,395$1,231
22 years$3,388$2,677$2,094$1,624$1,251$1,095
23 years$3,206$2,503$1,933$1,479$1,123$976
24 years$3,040$2,345$1,788$1,349$1,009$870
25 years$2,888$2,201$1,656$1,232$908$777
26 years$2,747$2,069$1,536$1,127$818$695
27 years$2,617$1,947$1,426$1,031$737$622
28 years$2,496$1,834$1,326$945$665$556
29 years$2,384$1,731$1,234$866$601$499
30 years$2,280$1,634$1,149$795$543$447
31 years$2,182$1,545$1,071$730$491$401
32 years$2,091$1,462$1,000$671$444$360
33 years$2,006$1,384$933$617$402$323
34 years$1,925$1,312$872$568$364$290
35 years$1,850$1,245$815$523$330$260
36 years$1,779$1,181$763$481$299$234
37 years$1,712$1,122$714$444$271$210
38 years$1,648$1,066$669$409$245$189
39 years$1,588$1,014$626$377$222$170
40 years$1,531$965$587$348$202$153
41 years$1,477$918$551$321$183$137
42 years$1,426$874$516$296$166$124
43 years$1,377$833$485$273$151$111
44 years$1,331$794$455$252$137$100
45 years$1,286$757$427$233$124$90
46 years$1,244$723$401$215$113$81
47 years$1,204$689$377$199$102$73
48 years$1,166$658$354$184$93$66
49 years$1,129$629$333$170$84$59
50 years$1,094$600$313$157$77$53

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 $3,885 every year, while hoping to spend $25,759 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: 34/36/30 Blend
40$1,120,000$1,120,000$1,120,000$1,120,000
41$1,238,247$1,178,887$1,161,527$1,269,023
42$1,337,141$1,209,245$1,173,031$1,323,067
43$1,445,259$1,240,228$1,184,057$1,378,749
44$1,563,514$1,271,838$1,194,562$1,438,307
45$1,692,913$1,304,078$1,204,500$1,502,104
46$1,834,562$1,336,950$1,213,823$1,570,541
47$1,989,683$1,370,456$1,222,481$1,644,060
48$2,159,618$1,404,596$1,230,422$1,723,149
49$2,345,846$1,439,368$1,237,588$1,808,343
50$2,549,997$1,474,772$1,243,922$1,900,235
51$2,773,865$1,510,804$1,249,361$1,999,476
52$3,019,426$1,547,460$1,253,842$2,106,786
53$3,288,857$1,584,735$1,257,295$2,222,957
54$3,584,556$1,622,623$1,259,650$2,348,863
55$3,909,163$1,661,114$1,260,831$2,485,467
56$4,265,589$1,700,199$1,260,759$2,633,831
57$4,657,036$1,739,867$1,259,353$2,795,126
58$5,087,037$1,780,103$1,256,524$2,970,642
59$5,559,480$1,820,893$1,252,183$3,161,804
60$6,078,650$1,862,220$1,246,233$3,370,179
61$6,649,266$1,904,062$1,238,576$3,597,499
62$7,276,528$1,946,398$1,229,105$3,845,670
63$7,966,166$1,989,204$1,217,712$4,116,796
64$8,724,491$2,032,451$1,204,282$4,413,197
65$9,558,457$2,076,109$1,188,693$4,737,427
66$10,475,726$2,120,145$1,170,821$5,092,308
67$11,484,739$2,164,521$1,150,532$5,480,946
68$12,594,796$2,209,196$1,127,689$5,906,768
69$13,816,146$2,254,128$1,102,147$6,373,552
70$15,160,079$2,299,266$1,073,755$6,885,465
71$16,639,036$2,344,559$1,042,355$7,447,097
72$18,266,724$2,389,948$1,007,780$8,063,513
73$20,058,247$2,435,373$969,858$8,740,294
74$22,030,248$2,480,766$928,408$9,483,594
75$24,201,064$2,526,054$883,240$10,300,199
76$26,590,900$2,571,158$834,156$11,197,587
77$29,222,021$2,615,995$780,950$12,184,006
78$32,118,961$2,660,472$723,405$13,268,545
79$35,308,751$2,704,491$661,296$14,461,227
80$38,821,181$2,747,948$594,386$15,773,100
81$42,689,073$2,790,729$522,429$17,216,342
82$46,948,596$2,832,712$445,168$18,804,380
83$51,639,605$2,873,768$362,334$20,552,015
84$56,806,018$2,913,756$273,645$22,475,562
85$62,496,229$2,952,527$178,810$24,593,006
86$68,763,566$2,989,922$77,521$26,924,173
87$75,666,791$3,025,770$0$29,490,918
88$83,270,660$3,059,889$0$32,327,116
89$91,646,528$3,092,084$0$35,476,654
90$100,873,026$3,122,148$0$38,944,073
91$111,036,801$3,149,860$0$42,761,754
92$122,233,335$3,174,983$0$46,965,381
93$134,567,845$3,197,267$0$51,594,283
94$148,156,276$3,216,445$0$56,691,798
95$163,126,397$3,232,231$0$62,305,692
96$179,619,002$3,244,323$0$68,488,601
97$197,789,245$3,252,400$0$75,298,537
98$217,808,100$3,256,119$0$82,799,428
99$239,863,974$3,255,117$0$91,061,731
100$264,164,491$3,249,009$0$100,163,090