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%12.9%
1 years$95,792$94,938$94,106$93,293$92,500$91,382
2 years$47,422$46,538$45,683$44,853$44,048$42,923
3 years$31,300$30,413$29,560$28,738$27,946$26,848
4 years$23,241$22,357$21,512$20,704$19,931$18,870
5 years$18,407$17,528$16,694$15,902$15,151$14,130
6 years$15,185$14,313$13,491$12,717$11,989$11,008
7 years$12,885$12,020$11,211$10,456$9,750$8,810
8 years$11,161$10,303$9,508$8,771$8,089$7,189
9 years$9,820$8,971$8,189$7,471$6,812$5,953
10 years$8,748$7,908$7,140$6,440$5,804$4,985
11 years$7,872$7,040$6,286$5,605$4,992$4,212
12 years$7,142$6,318$5,578$4,916$4,326$3,584
13 years$6,525$5,710$4,984$4,340$3,772$3,068
14 years$5,997$5,190$4,478$3,853$3,307$2,639
15 years$5,539$4,741$4,043$3,436$2,911$2,279
16 years$5,139$4,350$3,666$3,077$2,573$1,975
17 years$4,787$4,006$3,336$2,764$2,281$1,717
18 years$4,474$3,702$3,045$2,491$2,029$1,496
19 years$4,194$3,431$2,788$2,251$1,808$1,306
20 years$3,942$3,188$2,558$2,039$1,615$1,142
21 years$3,715$2,970$2,353$1,850$1,445$1,001
22 years$3,509$2,772$2,169$1,682$1,295$878
23 years$3,321$2,593$2,002$1,532$1,163$771
24 years$3,149$2,429$1,852$1,397$1,045$678
25 years$2,991$2,280$1,715$1,276$941$596
26 years$2,845$2,143$1,591$1,167$847$525
27 years$2,710$2,016$1,477$1,068$764$463
28 years$2,585$1,900$1,373$979$689$408
29 years$2,469$1,792$1,278$897$622$360
30 years$2,361$1,693$1,190$824$562$318
31 years$2,260$1,600$1,110$756$508$281
32 years$2,166$1,514$1,035$695$460$248
33 years$2,077$1,434$967$639$416$219
34 years$1,994$1,359$903$588$377$194
35 years$1,916$1,289$844$541$341$171
36 years$1,842$1,223$790$499$309$151
37 years$1,773$1,162$739$459$280$134
38 years$1,707$1,104$692$423$254$118
39 years$1,645$1,050$649$390$230$105
40 years$1,586$999$608$360$209$93
41 years$1,530$951$570$332$190$82
42 years$1,477$906$535$307$172$73
43 years$1,426$863$502$283$156$64
44 years$1,378$823$471$261$142$57
45 years$1,332$784$442$241$129$50
46 years$1,289$748$415$223$117$45
47 years$1,247$714$390$206$106$39
48 years$1,207$682$367$190$96$35
49 years$1,169$651$345$176$87$31
50 years$1,133$622$324$163$79$27

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 $6,462 every year, while hoping to spend $30,607 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: 41/33/26 Blend
40$1,160,000$1,160,000$1,160,000$1,160,000
41$1,284,986$1,223,506$1,205,526$1,327,615
42$1,383,488$1,250,892$1,213,345$1,386,319
43$1,491,013$1,278,594$1,220,401$1,446,455
44$1,608,447$1,306,596$1,226,635$1,510,953
45$1,736,767$1,334,878$1,231,986$1,580,232
46$1,877,051$1,363,420$1,236,390$1,654,754
47$2,030,482$1,392,199$1,239,781$1,735,028
48$2,198,365$1,421,191$1,242,088$1,821,617
49$2,382,136$1,450,368$1,243,236$1,915,139
50$2,583,378$1,479,699$1,243,148$2,016,280
51$2,803,831$1,509,154$1,241,743$2,125,791
52$3,045,415$1,538,695$1,238,934$2,244,506
53$3,310,242$1,568,286$1,234,633$2,373,340
54$3,600,638$1,597,883$1,228,744$2,513,307
55$3,919,166$1,627,442$1,221,170$2,665,520
56$4,268,648$1,656,914$1,211,807$2,831,213
57$4,652,195$1,686,247$1,200,547$3,011,741
58$5,073,229$1,715,384$1,187,276$3,208,602
59$5,535,524$1,744,264$1,171,875$3,423,447
60$6,043,235$1,772,821$1,154,221$3,658,099
61$6,600,941$1,800,984$1,134,182$3,914,565
62$7,213,682$1,828,678$1,111,623$4,195,063
63$7,887,016$1,855,821$1,086,401$4,502,035
64$8,627,063$1,882,328$1,058,367$4,838,176
65$9,440,565$1,908,103$1,027,363$5,206,459
66$10,334,950$1,933,048$993,228$5,610,163
67$11,318,404$1,957,056$955,789$6,052,902
68$12,399,942$1,980,013$914,869$6,538,662
69$13,589,499$2,001,797$870,281$7,071,841
70$14,898,022$2,022,278$821,829$7,657,286
71$16,337,569$2,041,319$769,309$8,300,344
72$17,921,429$2,058,771$712,508$9,006,910
73$19,664,241$2,074,477$651,204$9,783,485
74$21,582,136$2,088,270$585,162$10,637,236
75$23,692,890$2,099,971$514,141$11,576,068
76$26,016,086$2,109,391$437,886$12,608,695
77$28,573,304$2,116,327$356,132$13,744,727
78$31,388,320$2,120,567$268,602$14,994,757
79$34,487,335$2,121,881$175,006$16,370,468
80$37,899,217$2,120,027$75,043$17,884,738
81$41,655,779$2,114,750$0$19,551,766
82$45,792,071$2,105,775$0$21,395,984
83$50,346,718$2,092,814$0$23,448,661
84$55,362,280$2,075,559$0$25,708,080
85$60,885,656$2,053,685$0$28,195,317
86$66,968,524$2,026,846$0$30,933,602
87$73,667,829$1,994,677$0$33,948,534
88$81,046,321$1,956,790$0$37,268,333
89$89,173,147$1,912,774$0$40,924,095
90$98,124,503$1,862,195$0$44,950,098
91$107,984,351$1,804,591$0$49,384,115
92$118,845,215$1,739,476$0$54,267,783
93$130,809,051$1,666,334$0$59,646,987
94$143,988,209$1,584,620$0$65,572,299
95$158,506,495$1,493,755$0$72,099,457
96$174,500,338$1,393,130$0$79,289,889
97$192,120,078$1,282,099$0$87,211,298
98$211,531,384$1,159,979$0$95,938,300
99$232,916,817$1,026,050$0$105,553,127
100$256,477,555$879,549$0$116,146,412