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

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$96,618$95,757$94,917$94,098$93,297$89,809
2 years$47,830$46,940$46,076$45,239$44,427$40,952
3 years$31,570$30,676$29,814$28,985$28,187$24,835
4 years$23,442$22,550$21,697$20,882$20,103$16,900
5 years$18,566$17,679$16,838$16,040$15,282$12,236
6 years$15,316$14,436$13,608$12,827$12,092$9,205
7 years$12,996$12,124$11,308$10,546$9,834$7,105
8 years$11,257$10,392$9,590$8,847$8,158$5,586
9 years$9,905$9,048$8,260$7,535$6,870$4,450
10 years$8,824$7,976$7,201$6,496$5,854$3,581
11 years$7,940$7,100$6,340$5,653$5,035$2,905
12 years$7,204$6,373$5,626$4,958$4,363$2,371
13 years$6,581$5,759$5,027$4,378$3,805$1,944
14 years$6,048$5,235$4,517$3,886$3,335$1,601
15 years$5,587$4,782$4,078$3,466$2,936$1,322
16 years$5,184$4,388$3,697$3,103$2,595$1,095
17 years$4,828$4,041$3,364$2,788$2,301$908
18 years$4,512$3,734$3,071$2,513$2,046$755
19 years$4,230$3,461$2,812$2,270$1,824$628
20 years$3,976$3,216$2,580$2,056$1,629$524
21 years$3,747$2,995$2,373$1,866$1,458$437
22 years$3,539$2,796$2,187$1,697$1,307$365
23 years$3,350$2,615$2,020$1,545$1,173$305
24 years$3,176$2,450$1,868$1,409$1,054$255
25 years$3,016$2,299$1,730$1,287$949$213
26 years$2,869$2,161$1,605$1,177$855$178
27 years$2,734$2,034$1,490$1,077$770$149
28 years$2,608$1,916$1,385$987$695$125
29 years$2,491$1,808$1,289$905$628$104
30 years$2,382$1,707$1,201$831$567$87
31 years$2,280$1,614$1,119$763$513$73
32 years$2,185$1,527$1,044$701$464$61
33 years$2,095$1,446$975$645$420$51
34 years$2,011$1,371$911$593$380$43
35 years$1,933$1,300$852$546$344$36
36 years$1,858$1,234$797$503$312$30
37 years$1,788$1,172$746$463$283$25
38 years$1,722$1,114$698$427$256$21
39 years$1,659$1,059$654$394$232$18
40 years$1,600$1,008$613$363$211$15
41 years$1,543$959$575$335$191$13
42 years$1,490$914$539$309$174$10
43 years$1,439$870$506$286$157$9
44 years$1,390$830$475$264$143$7
45 years$1,344$791$446$243$130$6
46 years$1,300$755$419$225$118$5
47 years$1,258$720$394$208$107$4
48 years$1,218$688$370$192$97$4
49 years$1,179$657$348$177$88$3
50 years$1,142$627$327$164$80$3

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 $5,252 every year, while hoping to spend $48,241 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: 64/20/16 Blend
40$1,170,000$1,170,000$1,170,000$1,170,000
41$1,294,757$1,232,747$1,214,612$1,372,209
42$1,375,495$1,241,824$1,203,974$1,433,861
43$1,462,850$1,249,729$1,191,362$1,495,175
44$1,557,448$1,256,353$1,176,660$1,560,985
45$1,659,975$1,261,581$1,159,745$1,631,734
46$1,771,185$1,265,291$1,140,489$1,707,905
47$1,891,908$1,267,352$1,118,758$1,790,035
48$2,023,057$1,267,627$1,094,410$1,878,715
49$2,165,635$1,265,967$1,067,300$1,974,598
50$2,320,748$1,262,217$1,037,272$2,078,405
51$2,489,610$1,256,212$1,004,166$2,190,932
52$2,673,558$1,247,774$967,814$2,313,058
53$2,874,065$1,236,718$928,039$2,445,752
54$3,092,749$1,222,847$884,658$2,590,084
55$3,331,392$1,205,950$837,477$2,747,237
56$3,591,958$1,185,805$786,297$2,918,514
57$3,876,606$1,162,177$730,905$3,105,354
58$4,187,713$1,134,817$671,084$3,309,347
59$4,527,897$1,103,461$606,603$3,532,244
60$4,900,041$1,067,829$537,222$3,775,982
61$5,307,317$1,027,625$462,692$4,042,694
62$5,753,222$982,537$382,750$4,334,737
63$6,241,602$932,233$297,124$4,654,711
64$6,776,696$876,363$205,528$5,005,484
65$7,363,171$814,556$107,665$5,390,220
66$8,006,166$746,421$3,224$5,812,412
67$8,711,344$671,545$0$6,275,913
68$9,484,938$589,488$0$6,803,449
69$10,333,819$499,790$0$7,383,021
70$11,265,549$401,960$0$8,019,311
71$12,288,464$295,485$0$8,718,086
72$13,411,741$179,817$0$9,485,706
73$14,645,492$54,382$0$10,329,182
74$16,000,858$0$0$11,256,242
75$17,490,109$0$0$12,293,327
76$19,126,764$0$0$13,446,301
77$20,925,717$0$0$14,713,699
78$22,903,376$0$0$16,107,091
79$25,077,818$0$0$17,639,226
80$27,468,959$0$0$19,324,149
81$30,098,743$0$0$21,177,335
82$32,991,345$0$0$23,215,832
83$36,173,402$0$0$25,458,426
84$39,674,263$0$0$27,925,813
85$43,526,263$0$0$30,640,799
86$47,765,033$0$0$33,628,510
87$52,429,828$0$0$36,916,631
88$57,563,904$0$0$40,535,669
89$63,214,922$0$0$44,519,234
90$69,435,398$0$0$48,904,365
91$76,283,198$0$0$53,731,870
92$83,822,084$0$0$59,046,717
93$92,122,313$0$0$64,898,456
94$101,261,302$0$0$71,341,685
95$111,324,357$0$0$78,436,566
96$122,405,478$0$0$86,249,393
97$134,608,243$0$0$94,853,215
98$148,046,788$0$0$104,328,529
99$162,846,883$0$0$114,764,034
100$179,147,116$0$0$126,257,471