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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$95,792$94,938$94,106$93,293$92,500$89,575
2 years$47,422$46,538$45,683$44,853$44,048$41,127
3 years$31,300$30,413$29,560$28,738$27,946$25,121
4 years$23,241$22,357$21,512$20,704$19,931$17,225
5 years$18,407$17,528$16,694$15,902$15,151$12,570
6 years$15,185$14,313$13,491$12,717$11,989$9,535
7 years$12,885$12,020$11,211$10,456$9,750$7,423
8 years$11,161$10,303$9,508$8,771$8,089$5,887
9 years$9,820$8,971$8,189$7,471$6,812$4,734
10 years$8,748$7,908$7,140$6,440$5,804$3,846
11 years$7,872$7,040$6,286$5,605$4,992$3,150
12 years$7,142$6,318$5,578$4,916$4,326$2,596
13 years$6,525$5,710$4,984$4,340$3,772$2,151
14 years$5,997$5,190$4,478$3,853$3,307$1,790
15 years$5,539$4,741$4,043$3,436$2,911$1,494
16 years$5,139$4,350$3,666$3,077$2,573$1,250
17 years$4,787$4,006$3,336$2,764$2,281$1,049
18 years$4,474$3,702$3,045$2,491$2,029$882
19 years$4,194$3,431$2,788$2,251$1,808$742
20 years$3,942$3,188$2,558$2,039$1,615$626
21 years$3,715$2,970$2,353$1,850$1,445$528
22 years$3,509$2,772$2,169$1,682$1,295$446
23 years$3,321$2,593$2,002$1,532$1,163$377
24 years$3,149$2,429$1,852$1,397$1,045$319
25 years$2,991$2,280$1,715$1,276$941$270
26 years$2,845$2,143$1,591$1,167$847$229
27 years$2,710$2,016$1,477$1,068$764$194
28 years$2,585$1,900$1,373$979$689$164
29 years$2,469$1,792$1,278$897$622$139
30 years$2,361$1,693$1,190$824$562$118
31 years$2,260$1,600$1,110$756$508$100
32 years$2,166$1,514$1,035$695$460$85
33 years$2,077$1,434$967$639$416$72
34 years$1,994$1,359$903$588$377$61
35 years$1,916$1,289$844$541$341$52
36 years$1,842$1,223$790$499$309$44
37 years$1,773$1,162$739$459$280$37
38 years$1,707$1,104$692$423$254$32
39 years$1,645$1,050$649$390$230$27
40 years$1,586$999$608$360$209$23
41 years$1,530$951$570$332$190$19
42 years$1,477$906$535$307$172$16
43 years$1,426$863$502$283$156$14
44 years$1,378$823$471$261$142$12
45 years$1,332$784$442$241$129$10
46 years$1,289$748$415$223$117$9
47 years$1,247$714$390$206$106$7
48 years$1,207$682$367$190$96$6
49 years$1,169$651$345$176$87$5
50 years$1,133$622$324$163$79$4

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 $3,908 every year, while hoping to spend $58,826 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: 66/29/5 Blend
40$1,160,000$1,160,000$1,160,000$1,160,000
41$1,282,351$1,220,871$1,202,891$1,365,905
42$1,350,561$1,218,103$1,180,598$1,419,064
43$1,423,756$1,213,228$1,155,586$1,469,689
44$1,502,383$1,206,081$1,127,702$1,523,430
45$1,586,933$1,196,485$1,096,787$1,580,583
46$1,677,942$1,184,256$1,062,672$1,641,473
47$1,776,003$1,169,195$1,025,182$1,706,461
48$1,881,764$1,151,094$984,134$1,775,947
49$1,995,937$1,129,731$939,336$1,850,371
50$2,119,307$1,104,872$890,587$1,930,223
51$2,252,733$1,076,268$837,679$2,016,041
52$2,397,163$1,043,655$780,392$2,108,423
53$2,553,636$1,006,757$718,497$2,208,029
54$2,723,295$965,277$651,756$2,315,589
55$2,907,400$918,904$579,918$2,431,911
56$3,107,332$867,308$502,723$2,557,886
57$3,324,614$810,140$419,899$2,694,502
58$3,560,920$747,032$331,160$2,842,849
59$3,818,090$677,593$236,210$3,004,133
60$4,098,151$601,411$134,739$3,179,686
61$4,403,333$518,050$26,423$3,370,982
62$4,736,089$427,051$0$3,579,646
63$5,099,120$327,926$0$3,812,236
64$5,495,399$220,163$0$4,067,794
65$5,928,198$103,219$0$4,347,125
66$6,401,118$0$0$4,652,673
67$6,918,126$0$0$4,994,633
68$7,483,588$0$0$5,404,737
69$8,102,311$0$0$5,853,543
70$8,779,589$0$0$6,344,898
71$9,521,251$0$0$6,883,043
72$10,333,716$0$0$7,472,643
73$11,224,053$0$0$8,118,840
74$12,200,047$0$0$8,827,294
75$13,270,275$0$0$9,604,241
76$14,444,178$0$0$10,456,549
77$15,732,161$0$0$11,391,781
78$17,145,680$0$0$12,418,270
79$18,697,356$0$0$13,545,193
80$20,401,092$0$0$14,782,661
81$22,272,203$0$0$16,141,810
82$24,327,557$0$0$17,634,908
83$26,585,741$0$0$19,275,472
84$29,067,229$0$0$21,078,390
85$31,794,574$0$0$23,060,065
86$34,792,628$0$0$25,238,569
87$38,088,765$0$0$27,633,812
88$41,713,149$0$0$30,267,728
89$45,699,008$0$0$33,164,484
90$50,082,955$0$0$36,350,706
91$54,905,328$0$0$39,855,733
92$60,210,571$0$0$43,711,885
93$66,047,654$0$0$47,954,777
94$72,470,530$0$0$52,623,649
95$79,538,649$0$0$57,761,736
96$87,317,515$0$0$63,416,679
97$95,879,301$0$0$69,640,968
98$105,303,535$0$0$76,492,441
99$115,677,843$0$0$84,034,830
100$127,098,782$0$0$92,338,358