Can I retire at age 41 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$95,792$94,938$94,106$93,293$92,500$90,448
2 years$47,422$46,538$45,683$44,853$44,048$41,991
3 years$31,300$30,413$29,560$28,738$27,946$25,948
4 years$23,241$22,357$21,512$20,704$19,931$18,008
5 years$18,407$17,528$16,694$15,902$15,151$13,309
6 years$15,185$14,313$13,491$12,717$11,989$10,229
7 years$12,885$12,020$11,211$10,456$9,750$8,073
8 years$11,161$10,303$9,508$8,771$8,089$6,493
9 years$9,820$8,971$8,189$7,471$6,812$5,297
10 years$8,748$7,908$7,140$6,440$5,804$4,368
11 years$7,872$7,040$6,286$5,605$4,992$3,633
12 years$7,142$6,318$5,578$4,916$4,326$3,043
13 years$6,525$5,710$4,984$4,340$3,772$2,562
14 years$5,997$5,190$4,478$3,853$3,307$2,167
15 years$5,539$4,741$4,043$3,436$2,911$1,840
16 years$5,139$4,350$3,666$3,077$2,573$1,566
17 years$4,787$4,006$3,336$2,764$2,281$1,337
18 years$4,474$3,702$3,045$2,491$2,029$1,144
19 years$4,194$3,431$2,788$2,251$1,808$981
20 years$3,942$3,188$2,558$2,039$1,615$842
21 years$3,715$2,970$2,353$1,850$1,445$724
22 years$3,509$2,772$2,169$1,682$1,295$623
23 years$3,321$2,593$2,002$1,532$1,163$537
24 years$3,149$2,429$1,852$1,397$1,045$463
25 years$2,991$2,280$1,715$1,276$941$399
26 years$2,845$2,143$1,591$1,167$847$344
27 years$2,710$2,016$1,477$1,068$764$298
28 years$2,585$1,900$1,373$979$689$257
29 years$2,469$1,792$1,278$897$622$222
30 years$2,361$1,693$1,190$824$562$192
31 years$2,260$1,600$1,110$756$508$166
32 years$2,166$1,514$1,035$695$460$144
33 years$2,077$1,434$967$639$416$124
34 years$1,994$1,359$903$588$377$108
35 years$1,916$1,289$844$541$341$93
36 years$1,842$1,223$790$499$309$81
37 years$1,773$1,162$739$459$280$70
38 years$1,707$1,104$692$423$254$61
39 years$1,645$1,050$649$390$230$52
40 years$1,586$999$608$360$209$45
41 years$1,530$951$570$332$190$39
42 years$1,477$906$535$307$172$34
43 years$1,426$863$502$283$156$30
44 years$1,378$823$471$261$142$26
45 years$1,332$784$442$241$129$22
46 years$1,289$748$415$223$117$19
47 years$1,247$714$390$206$106$17
48 years$1,207$682$367$190$96$14
49 years$1,169$651$345$176$87$12
50 years$1,133$622$324$163$79$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,160,000, adding $4,813 every year, while hoping to spend $48,705 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: 57/20/23 Blend
40$1,160,000$1,160,000$1,160,000$1,160,000
41$1,283,285$1,221,805$1,203,825$1,348,197
42$1,362,358$1,229,851$1,192,331$1,401,117
43$1,447,864$1,236,660$1,178,820$1,453,168
44$1,540,408$1,242,118$1,163,172$1,508,851
45$1,640,655$1,246,107$1,145,264$1,568,532
46$1,749,336$1,248,500$1,124,964$1,632,611
47$1,867,254$1,249,162$1,102,136$1,701,532
48$1,995,293$1,247,951$1,076,637$1,775,787
49$2,134,426$1,244,714$1,048,318$1,855,920
50$2,285,723$1,239,290$1,017,021$1,942,532
51$2,450,360$1,231,508$982,584$2,036,287
52$2,629,631$1,221,187$944,836$2,137,919
53$2,824,963$1,208,134$903,597$2,248,242
54$3,037,922$1,192,146$858,681$2,368,153
55$3,270,235$1,173,005$809,891$2,498,643
56$3,523,800$1,150,484$757,024$2,640,811
57$3,800,709$1,124,339$699,866$2,795,868
58$4,103,264$1,094,314$638,194$2,965,152
59$4,433,998$1,060,137$571,774$3,150,143
60$4,795,701$1,021,519$500,364$3,352,476
61$5,191,446$978,156$423,709$3,573,956
62$5,624,613$929,726$341,543$3,816,577
63$6,098,928$875,887$253,590$4,082,540
64$6,618,493$816,279$159,559$4,374,279
65$7,187,823$750,521$59,148$4,694,478
66$7,811,894$678,210$0$5,046,104
67$8,496,184$598,919$0$5,444,210
68$9,246,727$512,198$0$5,896,888
69$10,070,169$417,571$0$6,393,680
70$10,973,831$314,537$0$6,939,078
71$11,965,776$202,564$0$7,538,036
72$13,054,887$81,091$0$8,196,015
73$14,250,948$0$0$8,919,036
74$15,564,738$0$0$9,724,846
75$17,008,131$0$0$10,629,862
76$18,594,208$0$0$11,624,450
77$20,337,378$0$0$12,717,663
78$22,253,518$0$0$13,919,470
79$24,360,120$0$0$15,240,857
80$26,676,452$0$0$16,693,925
81$29,223,745$0$0$18,292,009
82$32,025,390$0$0$20,049,800
83$35,107,159$0$0$21,983,484
84$38,497,447$0$0$24,110,894
85$42,227,539$0$0$26,451,681
86$46,331,906$0$0$29,027,494
87$50,848,528$0$0$31,862,190
88$55,819,256$0$0$34,982,052
89$61,290,199$0$0$38,416,042
90$67,312,166$0$0$42,196,072
91$73,941,140$0$0$46,357,306
92$81,238,808$0$0$50,938,489
93$89,273,142$0$0$55,982,313
94$98,119,039$0$0$61,535,823
95$107,859,028$0$0$67,650,855
96$118,584,050$0$0$74,384,529
97$130,394,312$0$0$81,799,787
98$143,400,232$0$0$89,965,984
99$157,723,486$0$0$98,959,545
100$173,498,150$0$0$108,864,687