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

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$92,489$91,665$90,861$90,076$89,310$86,905
2 years$45,786$44,934$44,107$43,306$42,529$40,122
3 years$30,221$29,365$28,540$27,747$26,982$24,650
4 years$22,440$21,586$20,770$19,990$19,244$17,004
5 years$17,772$16,924$16,118$15,354$14,629$12,488
6 years$14,662$13,820$13,026$12,279$11,575$9,535
7 years$12,441$11,606$10,825$10,095$9,414$7,474
8 years$10,776$9,948$9,180$8,469$7,810$5,970
9 years$9,482$8,662$7,907$7,213$6,577$4,835
10 years$8,447$7,635$6,893$6,218$5,604$3,958
11 years$7,601$6,797$6,069$5,411$4,819$3,267
12 years$6,896$6,100$5,386$4,747$4,176$2,714
13 years$6,300$5,513$4,812$4,191$3,642$2,267
14 years$5,790$5,011$4,324$3,720$3,193$1,902
15 years$5,348$4,578$3,904$3,317$2,811$1,601
16 years$4,962$4,200$3,539$2,970$2,484$1,352
17 years$4,622$3,868$3,221$2,669$2,203$1,144
18 years$4,319$3,574$2,940$2,405$1,959$970
19 years$4,049$3,313$2,691$2,173$1,746$824
20 years$3,807$3,078$2,470$1,968$1,559$701
21 years$3,587$2,867$2,272$1,786$1,395$597
22 years$3,388$2,677$2,094$1,624$1,251$509
23 years$3,206$2,503$1,933$1,479$1,123$434
24 years$3,040$2,345$1,788$1,349$1,009$371
25 years$2,888$2,201$1,656$1,232$908$317
26 years$2,747$2,069$1,536$1,127$818$271
27 years$2,617$1,947$1,426$1,031$737$232
28 years$2,496$1,834$1,326$945$665$198
29 years$2,384$1,731$1,234$866$601$170
30 years$2,280$1,634$1,149$795$543$145
31 years$2,182$1,545$1,071$730$491$125
32 years$2,091$1,462$1,000$671$444$107
33 years$2,006$1,384$933$617$402$91
34 years$1,925$1,312$872$568$364$78
35 years$1,850$1,245$815$523$330$67
36 years$1,779$1,181$763$481$299$58
37 years$1,712$1,122$714$444$271$49
38 years$1,648$1,066$669$409$245$42
39 years$1,588$1,014$626$377$222$36
40 years$1,531$965$587$348$202$31
41 years$1,477$918$551$321$183$27
42 years$1,426$874$516$296$166$23
43 years$1,377$833$485$273$151$20
44 years$1,331$794$455$252$137$17
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$11
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$7

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 $3,098 every year, while hoping to spend $44,629 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: 75/8/17 Blend
40$1,120,000$1,120,000$1,120,000$1,120,000
41$1,237,436$1,178,076$1,160,716$1,325,261
42$1,316,169$1,188,316$1,152,115$1,394,047
43$1,401,438$1,197,563$1,141,730$1,463,602
44$1,493,861$1,205,720$1,129,454$1,538,650
45$1,594,119$1,212,685$1,115,176$1,619,727
46$1,702,963$1,218,350$1,098,778$1,707,422
47$1,821,215$1,222,599$1,080,137$1,802,385
48$1,949,782$1,225,310$1,059,124$1,905,332
49$2,089,662$1,226,352$1,035,607$2,017,052
50$2,241,950$1,225,586$1,009,443$2,138,418
51$2,407,856$1,222,866$980,485$2,270,388
52$2,588,706$1,218,035$948,580$2,414,020
53$2,785,963$1,210,928$913,567$2,570,480
54$3,001,236$1,201,369$875,276$2,741,055
55$3,236,297$1,189,171$833,533$2,927,162
56$3,493,096$1,174,137$788,153$3,130,364
57$3,773,779$1,156,057$738,944$3,352,385
58$4,080,710$1,134,709$685,704$3,595,123
59$4,416,491$1,109,859$628,224$3,860,673
60$4,783,988$1,081,257$566,284$4,151,345
61$5,186,356$1,048,639$499,655$4,469,683
62$5,627,068$1,011,726$428,097$4,818,494
63$6,109,952$970,224$351,361$5,200,872
64$6,639,221$923,819$269,186$5,620,228
65$7,219,516$872,180$181,298$6,080,321
66$7,855,949$814,959$87,414$6,585,299
67$8,554,149$751,786$0$7,139,730
68$9,320,317$682,269$0$7,750,971
69$10,161,285$605,995$0$8,439,330
70$11,084,576$522,529$0$9,195,116
71$12,098,478$431,408$0$10,025,139
72$13,212,121$332,145$0$10,936,906
73$14,435,563$224,226$0$11,938,684
74$15,779,884$107,106$0$13,039,587
75$17,257,290$0$0$14,249,652
76$18,881,229$0$0$15,581,687
77$20,666,517$0$0$17,056,482
78$22,629,475$0$0$18,678,099
79$24,788,086$0$0$20,461,399
80$27,162,164$0$0$22,422,756
81$29,773,537$0$0$24,580,212
82$32,646,256$0$0$26,953,645
83$35,806,820$0$0$29,564,954
84$39,284,428$0$0$32,438,271
85$43,111,248$0$0$35,600,184
86$47,322,729$0$0$39,079,988
87$51,957,926$0$0$42,909,962
88$57,059,873$0$0$47,125,674
89$62,675,990$0$0$51,766,313
90$68,858,525$0$0$56,875,064
91$75,665,051$0$0$62,499,507
92$83,159,005$0$0$68,692,074
93$91,410,290$0$0$75,510,538
94$100,495,932$0$0$83,018,559
95$110,500,806$0$0$91,286,285
96$121,518,437$0$0$100,391,014
97$133,651,883$0$0$110,417,922
98$147,014,705$0$0$121,460,866
99$161,732,040$0$0$133,623,269
100$177,941,781$0$0$147,019,100