Can I retire at age 41 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$97,443$96,575$95,728$94,902$94,095$91,746
2 years$48,239$47,341$46,470$45,626$44,807$42,455
3 years$31,840$30,938$30,069$29,233$28,427$26,146
4 years$23,642$22,743$21,883$21,061$20,275$18,082
5 years$18,725$17,830$16,982$16,177$15,413$13,314
6 years$15,447$14,560$13,724$12,937$12,195$10,194
7 years$13,107$12,227$11,405$10,636$9,918$8,013
8 years$11,353$10,481$9,672$8,922$8,228$6,419
9 years$9,989$9,126$8,331$7,600$6,929$5,215
10 years$8,899$8,044$7,263$6,551$5,904$4,282
11 years$8,008$7,161$6,394$5,701$5,078$3,546
12 years$7,265$6,427$5,675$5,001$4,400$2,956
13 years$6,638$5,808$5,070$4,415$3,837$2,477
14 years$6,100$5,280$4,555$3,919$3,364$2,085
15 years$5,635$4,823$4,113$3,495$2,962$1,761
16 years$5,228$4,425$3,729$3,130$2,617$1,492
17 years$4,869$4,075$3,393$2,812$2,321$1,268
18 years$4,551$3,766$3,097$2,534$2,064$1,079
19 years$4,266$3,490$2,836$2,290$1,839$920
20 years$4,010$3,243$2,602$2,074$1,643$786
21 years$3,779$3,021$2,394$1,882$1,470$672
22 years$3,569$2,820$2,206$1,711$1,318$575
23 years$3,378$2,637$2,037$1,558$1,183$493
24 years$3,203$2,471$1,884$1,421$1,063$422
25 years$3,042$2,319$1,745$1,298$957$362
26 years$2,894$2,179$1,618$1,187$862$311
27 years$2,757$2,051$1,503$1,086$777$267
28 years$2,630$1,933$1,397$995$701$230
29 years$2,512$1,823$1,300$913$633$197
30 years$2,402$1,722$1,211$838$572$170
31 years$2,299$1,628$1,129$769$517$146
32 years$2,203$1,540$1,053$707$468$125
33 years$2,113$1,459$983$650$423$108
34 years$2,029$1,382$919$598$383$93
35 years$1,949$1,311$859$551$347$80
36 years$1,874$1,245$804$507$315$69
37 years$1,803$1,182$752$467$285$59
38 years$1,736$1,123$704$431$258$51
39 years$1,673$1,068$660$397$234$44
40 years$1,613$1,016$619$366$213$38
41 years$1,556$967$580$338$193$33
42 years$1,502$921$544$312$175$28
43 years$1,451$878$511$288$159$24
44 years$1,402$837$479$266$144$21
45 years$1,355$798$450$246$131$18
46 years$1,311$761$423$227$119$15
47 years$1,269$726$397$210$108$13
48 years$1,228$693$373$194$98$11
49 years$1,189$662$351$179$89$10
50 years$1,152$633$330$165$81$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,180,000, adding $6,982 every year, while hoping to spend $53,445 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: 37/50/13 Blend
40$1,180,000$1,180,000$1,180,000$1,180,000
41$1,307,562$1,245,022$1,226,732$1,350,497
42$1,384,068$1,249,163$1,210,962$1,386,012
43$1,466,587$1,251,716$1,192,873$1,418,686
44$1,555,675$1,252,546$1,172,331$1,452,809
45$1,651,944$1,251,511$1,149,194$1,488,537
46$1,756,066$1,248,459$1,123,316$1,526,045
47$1,868,781$1,243,230$1,094,543$1,565,530
48$1,990,902$1,235,653$1,062,715$1,607,213
49$2,123,321$1,225,547$1,027,663$1,651,339
50$2,267,021$1,212,720$989,212$1,698,186
51$2,423,083$1,196,969$947,176$1,748,062
52$2,592,695$1,178,078$901,364$1,801,314
53$2,777,165$1,155,819$851,575$1,858,329
54$2,977,932$1,129,950$797,599$1,919,537
55$3,196,578$1,100,215$739,215$1,985,420
56$3,434,845$1,066,341$676,195$2,056,516
57$3,694,650$1,028,043$608,298$2,133,423
58$3,978,103$985,016$535,275$2,216,809
59$4,287,526$936,938$456,863$2,307,418
60$4,625,475$883,470$372,790$2,406,075
61$4,994,765$824,251$282,770$2,513,703
62$5,398,493$758,902$186,505$2,631,325
63$5,840,071$687,019$83,684$2,760,079
64$6,323,254$608,179$0$2,901,230
65$6,852,178$521,932$0$3,059,797
66$7,431,396$427,803$0$3,246,349
67$8,065,924$325,291$0$3,451,048
68$8,761,285$213,866$0$3,675,869
69$9,523,561$92,970$0$3,922,997
70$10,359,450$0$0$4,194,855
71$11,276,331$0$0$4,515,024
72$12,282,331$0$0$4,922,602
73$13,386,401$0$0$5,370,086
74$14,598,401$0$0$5,861,492
75$15,929,193$0$0$6,401,247
76$17,390,741$0$0$6,994,226
77$18,996,225$0$0$7,645,801
78$20,760,165$0$0$8,361,889
79$22,698,556$0$0$9,149,008
80$24,829,019$0$0$10,014,341
81$27,170,969$0$0$10,965,800
82$29,745,794$0$0$12,012,103
83$32,577,057$0$0$13,162,855
84$35,690,721$0$0$14,428,636
85$39,115,389$0$0$15,821,108
86$42,882,576$0$0$17,353,115
87$47,027,005$0$0$19,038,811
88$51,586,933$0$0$20,893,793
89$56,604,513$0$0$22,935,243
90$62,126,192$0$0$25,182,095
91$68,203,145$0$0$27,655,211
92$74,891,759$0$0$30,377,577
93$82,254,167$0$0$33,374,523
94$90,358,829$0$0$36,673,959
95$99,281,180$0$0$40,306,637
96$109,104,343$0$0$44,306,443
97$119,919,907$0$0$48,710,719
98$131,828,797$0$0$53,560,609
99$144,942,221$0$0$58,901,452
100$159,382,722$0$0$64,783,207