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%18.8%
1 years$96,618$95,757$94,917$94,098$93,297$89,987
2 years$47,830$46,940$46,076$45,239$44,427$41,128
3 years$31,570$30,676$29,814$28,985$28,187$25,001
4 years$23,442$22,550$21,697$20,882$20,103$17,056
5 years$18,566$17,679$16,838$16,040$15,282$12,381
6 years$15,316$14,436$13,608$12,827$12,092$9,340
7 years$12,996$12,124$11,308$10,546$9,834$7,230
8 years$11,257$10,392$9,590$8,847$8,158$5,701
9 years$9,905$9,048$8,260$7,535$6,870$4,556
10 years$8,824$7,976$7,201$6,496$5,854$3,678
11 years$7,940$7,100$6,340$5,653$5,035$2,993
12 years$7,204$6,373$5,626$4,958$4,363$2,451
13 years$6,581$5,759$5,027$4,378$3,805$2,017
14 years$6,048$5,235$4,517$3,886$3,335$1,666
15 years$5,587$4,782$4,078$3,466$2,936$1,381
16 years$5,184$4,388$3,697$3,103$2,595$1,148
17 years$4,828$4,041$3,364$2,788$2,301$956
18 years$4,512$3,734$3,071$2,513$2,046$797
19 years$4,230$3,461$2,812$2,270$1,824$666
20 years$3,976$3,216$2,580$2,056$1,629$557
21 years$3,747$2,995$2,373$1,866$1,458$467
22 years$3,539$2,796$2,187$1,697$1,307$391
23 years$3,350$2,615$2,020$1,545$1,173$328
24 years$3,176$2,450$1,868$1,409$1,054$275
25 years$3,016$2,299$1,730$1,287$949$231
26 years$2,869$2,161$1,605$1,177$855$194
27 years$2,734$2,034$1,490$1,077$770$163
28 years$2,608$1,916$1,385$987$695$137
29 years$2,491$1,808$1,289$905$628$115
30 years$2,382$1,707$1,201$831$567$97
31 years$2,280$1,614$1,119$763$513$81
32 years$2,185$1,527$1,044$701$464$69
33 years$2,095$1,446$975$645$420$58
34 years$2,011$1,371$911$593$380$49
35 years$1,933$1,300$852$546$344$41
36 years$1,858$1,234$797$503$312$34
37 years$1,788$1,172$746$463$283$29
38 years$1,722$1,114$698$427$256$24
39 years$1,659$1,059$654$394$232$20
40 years$1,600$1,008$613$363$211$17
41 years$1,543$959$575$335$191$14
42 years$1,490$914$539$309$174$12
43 years$1,439$870$506$286$157$10
44 years$1,390$830$475$264$143$9
45 years$1,344$791$446$243$130$7
46 years$1,300$755$419$225$118$6
47 years$1,258$720$394$208$107$5
48 years$1,218$688$370$192$97$4
49 years$1,179$657$348$177$88$4
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 $5,986 every year, while hoping to spend $47,051 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: 62/26/12 Blend
40$1,170,000$1,170,000$1,170,000$1,170,000
41$1,295,515$1,233,505$1,215,370$1,371,810
42$1,377,595$1,243,884$1,206,023$1,434,061
43$1,466,471$1,253,196$1,194,785$1,496,057
44$1,562,786$1,261,337$1,181,545$1,562,571
45$1,667,246$1,268,199$1,166,184$1,634,044
46$1,780,631$1,273,667$1,148,577$1,710,959
47$1,903,797$1,277,617$1,128,595$1,793,852
48$2,037,683$1,279,920$1,106,102$1,883,315
49$2,183,327$1,280,436$1,080,956$1,979,998
50$2,341,866$1,279,017$1,053,009$2,084,623
51$2,514,556$1,275,509$1,022,104$2,197,983
52$2,702,776$1,269,743$988,079$2,320,957
53$2,908,043$1,261,545$950,764$2,454,512
54$3,132,030$1,250,727$909,981$2,599,718
55$3,376,575$1,237,091$865,544$2,757,754
56$3,643,704$1,220,427$817,258$2,929,923
57$3,935,646$1,200,512$764,920$3,117,661
58$4,254,855$1,177,110$708,318$3,322,556
59$4,604,033$1,149,971$647,229$3,546,357
60$4,986,155$1,118,831$581,422$3,790,997
61$5,404,498$1,083,408$510,655$4,058,609
62$5,862,669$1,043,408$434,674$4,351,544
63$6,364,641$998,515$353,216$4,672,400
64$6,914,790$948,398$266,004$5,024,041
65$7,517,934$892,705$172,751$5,409,627
66$8,179,381$831,065$73,156$5,832,648
67$8,904,976$763,085$0$6,296,951
68$9,701,157$688,349$0$6,811,023
69$10,575,017$606,420$0$7,385,578
70$11,534,367$516,833$0$8,016,450
71$12,587,813$419,099$0$8,709,385
72$13,744,834$312,699$0$9,470,718
73$15,015,873$197,087$0$10,307,435
74$16,412,433$71,685$0$11,227,237
75$17,947,188$0$0$12,238,617
76$19,634,100$0$0$13,369,284
77$21,488,550$0$0$14,634,884
78$23,527,485$0$0$16,026,487
79$25,769,575$0$0$17,556,847
80$28,235,390$0$0$19,240,017
81$30,947,594$0$0$21,091,480
82$33,931,157$0$0$23,128,295
83$37,213,590$0$0$25,369,258
84$40,825,208$0$0$27,835,078
85$44,799,410$0$0$30,548,574
86$49,172,996$0$0$33,534,887
87$53,986,515$0$0$36,821,721
88$59,284,646$0$0$40,439,599
89$65,116,619$0$0$44,422,156
90$71,536,679$0$0$48,806,452
91$78,604,598$0$0$53,633,323
92$86,386,236$0$0$58,947,766
93$94,954,166$0$0$64,799,364
94$104,388,356$0$0$71,242,750
95$114,776,922$0$0$78,338,129
96$126,216,962$0$0$86,151,837
97$138,815,470$0$0$94,756,975
98$152,690,343$0$0$104,234,093
99$167,971,497$0$0$114,671,952
100$184,802,091$0$0$126,168,362