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%18%
1 years$95,792$94,938$94,106$93,293$92,500$89,503
2 years$47,422$46,538$45,683$44,853$44,048$41,057
3 years$31,300$30,413$29,560$28,738$27,946$25,054
4 years$23,241$22,357$21,512$20,704$19,931$17,161
5 years$18,407$17,528$16,694$15,902$15,151$12,511
6 years$15,185$14,313$13,491$12,717$11,989$9,479
7 years$12,885$12,020$11,211$10,456$9,750$7,372
8 years$11,161$10,303$9,508$8,771$8,089$5,840
9 years$9,820$8,971$8,189$7,471$6,812$4,690
10 years$8,748$7,908$7,140$6,440$5,804$3,805
11 years$7,872$7,040$6,286$5,605$4,992$3,113
12 years$7,142$6,318$5,578$4,916$4,326$2,562
13 years$6,525$5,710$4,984$4,340$3,772$2,120
14 years$5,997$5,190$4,478$3,853$3,307$1,761
15 years$5,539$4,741$4,043$3,436$2,911$1,468
16 years$5,139$4,350$3,666$3,077$2,573$1,227
17 years$4,787$4,006$3,336$2,764$2,281$1,028
18 years$4,474$3,702$3,045$2,491$2,029$863
19 years$4,194$3,431$2,788$2,251$1,808$725
20 years$3,942$3,188$2,558$2,039$1,615$610
21 years$3,715$2,970$2,353$1,850$1,445$514
22 years$3,509$2,772$2,169$1,682$1,295$434
23 years$3,321$2,593$2,002$1,532$1,163$366
24 years$3,149$2,429$1,852$1,397$1,045$309
25 years$2,991$2,280$1,715$1,276$941$261
26 years$2,845$2,143$1,591$1,167$847$221
27 years$2,710$2,016$1,477$1,068$764$187
28 years$2,585$1,900$1,373$979$689$158
29 years$2,469$1,792$1,278$897$622$134
30 years$2,361$1,693$1,190$824$562$113
31 years$2,260$1,600$1,110$756$508$96
32 years$2,166$1,514$1,035$695$460$81
33 years$2,077$1,434$967$639$416$69
34 years$1,994$1,359$903$588$377$58
35 years$1,916$1,289$844$541$341$49
36 years$1,842$1,223$790$499$309$42
37 years$1,773$1,162$739$459$280$35
38 years$1,707$1,104$692$423$254$30
39 years$1,645$1,050$649$390$230$25
40 years$1,586$999$608$360$209$21
41 years$1,530$951$570$332$190$18
42 years$1,477$906$535$307$172$15
43 years$1,426$863$502$283$156$13
44 years$1,378$823$471$261$142$11
45 years$1,332$784$442$241$129$9
46 years$1,289$748$415$223$117$8
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 $6,697 every year, while hoping to spend $35,129 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: 58/20/22 Blend
40$1,160,000$1,160,000$1,160,000$1,160,000
41$1,285,228$1,223,748$1,205,768$1,351,837
42$1,378,944$1,246,335$1,208,784$1,420,541
43$1,481,042$1,268,851$1,210,724$1,491,053
44$1,592,340$1,291,256$1,211,515$1,567,163
45$1,713,737$1,313,506$1,211,079$1,649,420
46$1,846,224$1,335,554$1,209,336$1,738,428
47$1,990,892$1,357,349$1,206,202$1,834,856
48$2,148,942$1,378,838$1,201,589$1,939,440
49$2,321,694$1,399,961$1,195,402$2,052,989
50$2,510,605$1,420,657$1,187,546$2,176,401
51$2,717,275$1,440,857$1,177,917$2,310,660
52$2,943,469$1,460,492$1,166,409$2,456,856
53$3,191,130$1,479,482$1,152,911$2,616,188
54$3,462,396$1,497,748$1,137,304$2,789,980
55$3,759,622$1,515,200$1,119,466$2,979,692
56$4,085,404$1,531,745$1,099,268$3,186,932
57$4,442,598$1,547,283$1,076,577$3,413,475
58$4,834,351$1,561,708$1,051,250$3,661,279
59$5,264,129$1,574,905$1,023,141$3,932,501
60$5,735,749$1,586,755$992,095$4,229,521
61$6,253,418$1,597,128$957,952$4,554,964
62$6,821,766$1,605,887$920,543$4,911,724
63$7,445,896$1,612,885$879,691$5,302,990
64$8,131,429$1,617,968$835,213$5,732,281
65$8,884,557$1,620,971$786,915$6,203,476
66$9,712,102$1,621,719$734,596$6,720,854
67$10,621,577$1,620,024$678,047$7,289,131
68$11,621,263$1,615,690$617,046$7,913,506
69$12,720,280$1,608,507$551,365$8,599,714
70$13,928,676$1,598,251$480,763$9,354,076
71$15,257,523$1,584,687$404,991$10,183,561
72$16,719,018$1,567,565$323,786$11,095,856
73$18,326,600$1,546,618$236,875$12,099,430
74$20,095,076$1,521,565$143,973$13,203,625
75$22,040,761$1,492,109$44,783$14,418,739
76$24,181,629$1,457,932$0$15,756,122
77$26,537,485$1,418,702$0$17,242,627
78$29,130,153$1,374,062$0$18,889,865
79$31,983,678$1,323,640$0$20,702,602
80$35,124,552$1,267,038$0$22,697,688
81$38,581,970$1,203,836$0$24,893,694
82$42,388,098$1,133,591$0$27,311,085
83$46,578,380$1,055,833$0$29,972,417
84$51,191,872$970,066$0$32,902,548
85$56,271,609$875,765$0$36,128,874
86$61,865,011$772,376$0$39,681,587
87$68,024,331$659,312$0$43,593,962
88$74,807,149$535,954$0$47,902,669
89$82,276,910$401,648$0$52,648,124
90$90,503,530$255,703$0$57,874,866
91$99,564,047$97,389$0$63,631,984
92$109,543,355$0$0$69,973,576
93$120,535,002$0$0$76,975,560
94$132,642,071$0$0$84,711,848
95$145,978,155$0$0$93,233,608
96$160,668,427$0$0$102,620,844
97$176,850,822$0$0$112,961,716
98$194,677,339$0$0$124,353,374
99$214,315,475$0$0$136,902,872
100$235,949,804$0$0$150,728,181