Can I retire at age 41 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$93,314$92,483$91,672$90,881$90,108$87,894
2 years$46,195$45,335$44,501$43,693$42,908$40,692
3 years$30,491$29,627$28,795$27,994$27,223$25,072
4 years$22,640$21,779$20,955$20,168$19,416$17,348
5 years$17,931$17,075$16,262$15,491$14,759$12,781
6 years$14,793$13,943$13,142$12,388$11,679$9,790
7 years$12,552$11,709$10,921$10,185$9,498$7,701
8 years$10,872$10,037$9,262$8,544$7,879$6,172
9 years$9,566$8,739$7,978$7,278$6,636$5,017
10 years$8,522$7,703$6,955$6,273$5,654$4,122
11 years$7,668$6,858$6,123$5,460$4,862$3,416
12 years$6,957$6,155$5,434$4,789$4,214$2,849
13 years$6,356$5,562$4,855$4,228$3,674$2,389
14 years$5,842$5,056$4,362$3,753$3,221$2,013
15 years$5,396$4,619$3,938$3,347$2,836$1,701
16 years$5,006$4,238$3,571$2,997$2,506$1,443
17 years$4,663$3,903$3,249$2,693$2,222$1,226
18 years$4,358$3,606$2,966$2,427$1,976$1,045
19 years$4,085$3,342$2,715$2,193$1,761$891
20 years$3,841$3,106$2,492$1,986$1,573$762
21 years$3,619$2,893$2,292$1,802$1,408$652
22 years$3,418$2,700$2,113$1,639$1,262$558
23 years$3,235$2,526$1,951$1,492$1,133$479
24 years$3,067$2,366$1,804$1,361$1,018$411
25 years$2,913$2,221$1,671$1,243$916$353
26 years$2,771$2,087$1,550$1,137$825$303
27 years$2,640$1,964$1,439$1,040$744$260
28 years$2,519$1,851$1,338$953$671$224
29 years$2,405$1,746$1,245$874$606$193
30 years$2,300$1,649$1,160$802$548$166
31 years$2,202$1,559$1,081$737$495$143
32 years$2,110$1,475$1,009$677$448$123
33 years$2,024$1,397$942$623$405$106
34 years$1,943$1,324$880$573$367$91
35 years$1,866$1,256$823$527$332$78
36 years$1,795$1,192$770$486$301$68
37 years$1,727$1,132$720$448$273$58
38 years$1,663$1,076$675$413$248$50
39 years$1,602$1,023$632$380$224$43
40 years$1,545$973$592$351$204$37
41 years$1,490$926$555$324$185$32
42 years$1,439$882$521$299$168$28
43 years$1,389$841$489$276$152$24
44 years$1,343$801$459$255$138$21
45 years$1,298$764$431$235$125$18
46 years$1,255$729$405$217$114$15
47 years$1,215$696$380$201$103$13
48 years$1,176$664$357$185$94$11
49 years$1,139$634$336$171$85$10
50 years$1,103$606$316$158$77$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,130,000, adding $2,679 every year, while hoping to spend $34,809 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: 39/47/14 Blend
40$1,130,000$1,130,000$1,130,000$1,130,000
41$1,248,023$1,188,133$1,170,618$1,291,351
42$1,338,285$1,209,315$1,172,798$1,343,589
43$1,436,587$1,230,369$1,173,883$1,396,453
44$1,543,713$1,251,250$1,173,802$1,452,858
45$1,660,523$1,271,914$1,172,476$1,513,141
46$1,787,968$1,292,309$1,169,826$1,577,673
47$1,927,092$1,312,383$1,165,766$1,646,864
48$2,079,044$1,332,079$1,160,208$1,721,168
49$2,245,090$1,351,334$1,153,058$1,801,085
50$2,426,623$1,370,083$1,144,219$1,887,167
51$2,625,178$1,388,256$1,133,590$1,980,025
52$2,842,442$1,405,777$1,121,061$2,080,330
53$3,080,277$1,422,565$1,106,522$2,188,828
54$3,340,729$1,438,536$1,089,855$2,306,338
55$3,626,056$1,453,596$1,070,937$2,433,768
56$3,938,739$1,467,648$1,049,640$2,572,118
57$4,281,516$1,480,588$1,025,828$2,722,492
58$4,657,398$1,492,304$999,360$2,886,110
59$5,069,703$1,502,678$970,090$3,064,320
60$5,522,087$1,511,583$937,862$3,258,607
61$6,018,576$1,518,886$902,516$3,470,611
62$6,563,603$1,524,444$863,883$3,702,146
63$7,162,053$1,528,105$821,786$3,955,208
64$7,819,308$1,529,708$776,041$4,232,005
65$8,541,295$1,529,081$726,456$4,534,973
66$9,334,543$1,526,042$672,828$4,866,799
67$10,206,247$1,520,399$614,949$5,230,448
68$11,164,332$1,511,946$552,597$5,629,196
69$12,217,528$1,500,465$485,543$6,066,653
70$13,375,455$1,485,727$413,548$6,546,805
71$14,648,711$1,467,487$336,361$7,074,051
72$16,048,970$1,445,484$253,720$7,653,243
73$17,589,098$1,419,446$165,352$8,289,735
74$19,283,268$1,389,081$70,973$8,989,435
75$21,147,095$1,354,080$0$9,758,858
76$23,197,786$1,314,117$0$10,609,638
77$25,454,299$1,268,848$0$11,556,864
78$27,937,522$1,217,906$0$12,598,721
79$30,670,471$1,160,904$0$13,744,909
80$33,678,505$1,097,435$0$15,006,126
81$36,989,567$1,027,064$0$16,394,167
82$40,634,447$949,334$0$17,922,038
83$44,647,071$863,762$0$19,604,083
84$49,064,822$769,836$0$21,456,114
85$53,928,892$667,015$0$23,495,569
86$59,284,669$554,730$0$25,741,673
87$65,182,170$432,376$0$28,215,624
88$71,676,505$299,316$0$30,940,794
89$78,828,403$154,877$0$33,942,949
90$86,704,783$0$0$37,250,500
91$95,379,385$0$0$40,895,621
92$104,933,463$0$0$44,998,732
93$115,456,557$0$0$49,518,211
94$127,047,332$0$0$54,496,459
95$139,814,514$0$0$59,980,202
96$153,877,912$0$0$66,020,926
97$169,369,549$0$0$72,675,372
98$186,434,911$0$0$80,006,060
99$205,234,313$0$0$88,081,889
100$225,944,421$0$0$96,978,782