Can I retire at age 41 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$98,269$97,394$96,540$95,706$94,892$93,320
2 years$48,648$47,742$46,864$46,013$45,187$43,608
3 years$32,110$31,200$30,324$29,481$28,668$27,131
4 years$23,842$22,935$22,068$21,239$20,447$18,963
5 years$18,883$17,982$17,126$16,314$15,543$14,118
6 years$15,578$14,683$13,840$13,046$12,299$10,933
7 years$13,218$12,331$11,501$10,726$10,002$8,697
8 years$11,449$10,570$9,754$8,998$8,298$7,052
9 years$10,074$9,203$8,401$7,664$6,988$5,802
10 years$8,975$8,112$7,324$6,607$5,954$4,826
11 years$8,076$7,222$6,448$5,750$5,121$4,050
12 years$7,327$6,482$5,723$5,043$4,437$3,422
13 years$6,694$5,858$5,113$4,452$3,870$2,908
14 years$6,152$5,324$4,594$3,952$3,392$2,483
15 years$5,682$4,864$4,148$3,525$2,987$2,129
16 years$5,272$4,463$3,760$3,156$2,640$1,831
17 years$4,910$4,110$3,422$2,836$2,340$1,579
18 years$4,589$3,798$3,124$2,556$2,081$1,364
19 years$4,302$3,520$2,860$2,309$1,855$1,182
20 years$4,044$3,271$2,624$2,091$1,657$1,025
21 years$3,811$3,046$2,414$1,898$1,483$891
22 years$3,600$2,844$2,225$1,726$1,329$775
23 years$3,407$2,660$2,054$1,572$1,193$675
24 years$3,230$2,492$1,900$1,433$1,072$588
25 years$3,068$2,339$1,760$1,309$965$513
26 years$2,919$2,198$1,632$1,197$869$448
27 years$2,780$2,069$1,515$1,096$784$391
28 years$2,652$1,949$1,409$1,004$707$342
29 years$2,533$1,839$1,311$921$638$299
30 years$2,422$1,737$1,221$845$577$262
31 years$2,319$1,642$1,138$776$522$229
32 years$2,222$1,553$1,062$713$472$200
33 years$2,131$1,471$992$656$427$175
34 years$2,046$1,394$927$603$387$154
35 years$1,966$1,322$866$555$350$135
36 years$1,890$1,255$810$512$317$118
37 years$1,819$1,192$759$471$288$103
38 years$1,751$1,133$710$434$261$91
39 years$1,687$1,077$666$401$236$79
40 years$1,627$1,025$624$369$214$70
41 years$1,570$976$585$341$195$61
42 years$1,515$929$549$315$176$53
43 years$1,463$885$515$290$160$47
44 years$1,414$844$483$268$145$41
45 years$1,367$805$454$248$132$36
46 years$1,322$768$426$229$120$32
47 years$1,279$733$400$211$109$28
48 years$1,238$699$376$195$99$24
49 years$1,199$668$354$180$90$21
50 years$1,162$638$333$167$82$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,190,000, adding $2,662 every year, while hoping to spend $45,502 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: 60/15/25 Blend
40$1,190,000$1,190,000$1,190,000$1,190,000
41$1,314,126$1,251,056$1,232,611$1,384,018
42$1,399,753$1,263,944$1,225,490$1,444,758
43$1,492,589$1,275,938$1,216,605$1,505,850
44$1,593,321$1,286,947$1,205,849$1,571,529
45$1,702,705$1,296,873$1,193,110$1,642,249
46$1,821,573$1,305,612$1,178,271$1,718,514
47$1,950,839$1,313,052$1,161,209$1,800,880
48$2,091,509$1,319,076$1,141,794$1,889,959
49$2,244,690$1,323,558$1,119,891$1,986,430
50$2,411,601$1,326,365$1,095,360$2,091,041
51$2,593,583$1,327,356$1,068,053$2,204,618
52$2,792,110$1,326,378$1,037,815$2,328,073
53$3,008,808$1,323,273$1,004,485$2,462,413
54$3,245,464$1,317,871$967,892$2,608,751
55$3,504,047$1,309,992$927,862$2,768,313
56$3,786,722$1,299,444$884,208$2,942,454
57$4,095,876$1,286,025$836,737$3,132,671
58$4,434,135$1,269,520$785,247$3,340,615
59$4,804,392$1,249,702$729,528$3,568,106
60$5,209,831$1,226,328$669,359$3,817,157
61$5,653,960$1,199,145$604,508$4,089,987
62$6,140,641$1,167,880$534,736$4,389,045
63$6,674,128$1,132,247$459,791$4,717,034
64$7,259,105$1,091,943$379,411$5,076,936
65$7,900,733$1,046,648$293,320$5,472,041
66$8,604,694$996,020$201,233$5,905,981
67$9,377,250$939,702$102,851$6,382,760
68$10,225,294$877,312$0$6,906,798
69$11,156,424$808,450$0$7,483,542
70$12,179,005$732,690$0$8,147,112
71$13,302,255$649,584$0$8,876,069
72$14,536,328$558,656$0$9,677,051
73$15,892,410$459,407$0$10,557,373
74$17,382,824$351,305$0$11,525,101
75$19,021,145$233,792$0$12,589,122
76$20,822,331$106,278$0$13,759,232
77$22,802,861$0$0$15,046,227
78$24,980,889$0$0$16,467,268
79$27,376,418$0$0$18,049,614
80$30,011,487$0$0$19,790,293
81$32,910,377$0$0$21,705,361
82$36,099,843$0$0$23,812,503
83$39,609,360$0$0$26,131,210
84$43,471,410$0$0$28,682,954
85$47,721,778$0$0$31,491,397
86$52,399,897$0$0$34,582,608
87$57,549,214$0$0$37,985,315
88$63,217,605$0$0$41,731,168
89$69,457,820$0$0$45,855,047
90$76,327,985$0$0$50,395,381
91$83,892,150$0$0$55,394,517
92$92,220,889$0$0$60,899,117
93$101,391,969$0$0$66,960,599
94$111,491,083$0$0$73,635,621
95$122,612,656$0$0$80,986,613
96$134,860,738$0$0$89,082,371
97$148,349,984$0$0$97,998,703
98$163,206,737$0$0$107,819,143
99$179,570,219$0$0$118,635,743
100$197,593,842$0$0$130,549,936