Can I retire at age 41 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$96,618$95,757$94,917$94,098$93,297$90,931
2 years$47,830$46,940$46,076$45,239$44,427$42,059
3 years$31,570$30,676$29,814$28,985$28,187$25,890
4 years$23,442$22,550$21,697$20,882$20,103$17,896
5 years$18,566$17,679$16,838$16,040$15,282$13,170
6 years$15,316$14,436$13,608$12,827$12,092$10,078
7 years$12,996$12,124$11,308$10,546$9,834$7,918
8 years$11,257$10,392$9,590$8,847$8,158$6,339
9 years$9,905$9,048$8,260$7,535$6,870$5,146
10 years$8,824$7,976$7,201$6,496$5,854$4,223
11 years$7,940$7,100$6,340$5,653$5,035$3,495
12 years$7,204$6,373$5,626$4,958$4,363$2,911
13 years$6,581$5,759$5,027$4,378$3,805$2,438
14 years$6,048$5,235$4,517$3,886$3,335$2,051
15 years$5,587$4,782$4,078$3,466$2,936$1,731
16 years$5,184$4,388$3,697$3,103$2,595$1,466
17 years$4,828$4,041$3,364$2,788$2,301$1,244
18 years$4,512$3,734$3,071$2,513$2,046$1,058
19 years$4,230$3,461$2,812$2,270$1,824$902
20 years$3,976$3,216$2,580$2,056$1,629$770
21 years$3,747$2,995$2,373$1,866$1,458$657
22 years$3,539$2,796$2,187$1,697$1,307$562
23 years$3,350$2,615$2,020$1,545$1,173$481
24 years$3,176$2,450$1,868$1,409$1,054$412
25 years$3,016$2,299$1,730$1,287$949$353
26 years$2,869$2,161$1,605$1,177$855$303
27 years$2,734$2,034$1,490$1,077$770$260
28 years$2,608$1,916$1,385$987$695$223
29 years$2,491$1,808$1,289$905$628$192
30 years$2,382$1,707$1,201$831$567$165
31 years$2,280$1,614$1,119$763$513$142
32 years$2,185$1,527$1,044$701$464$122
33 years$2,095$1,446$975$645$420$105
34 years$2,011$1,371$911$593$380$90
35 years$1,933$1,300$852$546$344$77
36 years$1,858$1,234$797$503$312$66
37 years$1,788$1,172$746$463$283$57
38 years$1,722$1,114$698$427$256$49
39 years$1,659$1,059$654$394$232$42
40 years$1,600$1,008$613$363$211$36
41 years$1,543$959$575$335$191$31
42 years$1,490$914$539$309$174$27
43 years$1,439$870$506$286$157$23
44 years$1,390$830$475$264$143$20
45 years$1,344$791$446$243$130$17
46 years$1,300$755$419$225$118$15
47 years$1,258$720$394$208$107$13
48 years$1,218$688$370$192$97$11
49 years$1,179$657$348$177$88$9
50 years$1,142$627$327$164$80$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,170,000, adding $4,057 every year, while hoping to spend $57,618 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: 50/23/27 Blend
40$1,170,000$1,170,000$1,170,000$1,170,000
41$1,293,525$1,231,515$1,213,380$1,348,149
42$1,364,159$1,230,554$1,192,723$1,385,743
43$1,440,067$1,227,615$1,169,443$1,420,501
44$1,521,726$1,222,540$1,143,391$1,457,142
45$1,609,659$1,215,161$1,114,412$1,495,874
46$1,704,442$1,205,302$1,082,342$1,536,922
47$1,806,707$1,192,773$1,047,012$1,580,545
48$1,917,147$1,177,376$1,008,244$1,627,025
49$2,036,527$1,158,898$965,851$1,676,681
50$2,165,684$1,137,115$919,638$1,729,867
51$2,305,540$1,111,790$869,402$1,786,976
52$2,457,108$1,082,671$814,930$1,848,446
53$2,621,503$1,049,492$756,000$1,914,767
54$2,799,950$1,011,971$692,380$1,986,479
55$2,993,797$969,809$623,827$2,064,187
56$3,204,527$922,692$550,087$2,148,560
57$3,433,769$870,284$470,896$2,240,343
58$3,683,319$812,234$385,976$2,340,362
59$3,955,152$748,168$295,041$2,449,536
60$4,251,440$677,690$197,787$2,568,881
61$4,574,574$600,384$93,900$2,699,528
62$4,927,186$515,809$0$2,842,729
63$5,312,175$423,499$0$3,004,760
64$5,732,728$322,962$0$3,211,459
65$6,192,357$213,678$0$3,437,554
66$6,694,928$95,098$0$3,685,042
67$7,244,695$0$0$3,956,127
68$7,846,346$0$0$4,261,685
69$8,505,039$0$0$4,622,683
70$9,226,459$0$0$5,018,182
71$10,016,860$0$0$5,451,627
72$10,883,136$0$0$5,926,814
73$11,832,876$0$0$6,447,922
74$12,874,438$0$0$7,019,555
75$14,017,030$0$0$7,646,784
76$15,270,792$0$0$8,335,194
77$16,646,895$0$0$9,090,938
78$18,157,642$0$0$9,920,792
79$19,816,588$0$0$10,832,223
80$21,638,663$0$0$11,833,454
81$23,640,313$0$0$12,933,546
82$25,839,659$0$0$14,142,480
83$28,256,662$0$0$15,471,250
84$30,913,311$0$0$16,931,972
85$33,833,835$0$0$18,537,990
86$37,044,924$0$0$20,304,010
87$40,575,985$0$0$22,246,231
88$44,459,418$0$0$24,382,501
89$48,730,918$0$0$26,732,487
90$53,429,815$0$0$29,317,854
91$58,599,443$0$0$32,162,477
92$64,287,546$0$0$35,292,659
93$70,546,730$0$0$38,737,381
94$77,434,960$0$0$42,528,579
95$85,016,102$0$0$46,701,439
96$93,360,528$0$0$51,294,731
97$102,545,778$0$0$56,351,176
98$112,657,292$0$0$61,917,846
99$123,789,213$0$0$68,046,610
100$136,045,278$0$0$74,794,623