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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$98,269$97,394$96,540$95,706$94,892$92,561
2 years$48,648$47,742$46,864$46,013$45,187$42,852
3 years$32,110$31,200$30,324$29,481$28,668$26,404
4 years$23,842$22,935$22,068$21,239$20,447$18,269
5 years$18,883$17,982$17,126$16,314$15,543$13,459
6 years$15,578$14,683$13,840$13,046$12,299$10,310
7 years$13,218$12,331$11,501$10,726$10,002$8,109
8 years$11,449$10,570$9,754$8,998$8,298$6,500
9 years$10,074$9,203$8,401$7,664$6,988$5,284
10 years$8,975$8,112$7,324$6,607$5,954$4,341
11 years$8,076$7,222$6,448$5,750$5,121$3,597
12 years$7,327$6,482$5,723$5,043$4,437$3,000
13 years$6,694$5,858$5,113$4,452$3,870$2,516
14 years$6,152$5,324$4,594$3,952$3,392$2,119
15 years$5,682$4,864$4,148$3,525$2,987$1,792
16 years$5,272$4,463$3,760$3,156$2,640$1,519
17 years$4,910$4,110$3,422$2,836$2,340$1,291
18 years$4,589$3,798$3,124$2,556$2,081$1,100
19 years$4,302$3,520$2,860$2,309$1,855$939
20 years$4,044$3,271$2,624$2,091$1,657$802
21 years$3,811$3,046$2,414$1,898$1,483$686
22 years$3,600$2,844$2,225$1,726$1,329$588
23 years$3,407$2,660$2,054$1,572$1,193$504
24 years$3,230$2,492$1,900$1,433$1,072$433
25 years$3,068$2,339$1,760$1,309$965$371
26 years$2,919$2,198$1,632$1,197$869$319
27 years$2,780$2,069$1,515$1,096$784$274
28 years$2,652$1,949$1,409$1,004$707$236
29 years$2,533$1,839$1,311$921$638$203
30 years$2,422$1,737$1,221$845$577$175
31 years$2,319$1,642$1,138$776$522$150
32 years$2,222$1,553$1,062$713$472$129
33 years$2,131$1,471$992$656$427$111
34 years$2,046$1,394$927$603$387$96
35 years$1,966$1,322$866$555$350$83
36 years$1,890$1,255$810$512$317$71
37 years$1,819$1,192$759$471$288$61
38 years$1,751$1,133$710$434$261$53
39 years$1,687$1,077$666$401$236$46
40 years$1,627$1,025$624$369$214$39
41 years$1,570$976$585$341$195$34
42 years$1,515$929$549$315$176$29
43 years$1,463$885$515$290$160$25
44 years$1,414$844$483$268$145$22
45 years$1,367$805$454$248$132$19
46 years$1,322$768$426$229$120$16
47 years$1,279$733$400$211$109$14
48 years$1,238$699$376$195$99$12
49 years$1,199$668$354$180$90$10
50 years$1,162$638$333$167$82$9

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 $5,897 every year, while hoping to spend $51,118 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: 33/50/17 Blend
40$1,190,000$1,190,000$1,190,000$1,190,000
41$1,317,463$1,254,393$1,235,948$1,353,799
42$1,397,455$1,261,469$1,222,963$1,388,180
43$1,483,893$1,267,178$1,207,830$1,420,060
44$1,577,380$1,271,401$1,190,422$1,453,326
45$1,678,580$1,274,007$1,170,609$1,488,131
46$1,788,223$1,274,860$1,148,252$1,524,643
47$1,907,109$1,273,816$1,123,206$1,563,053
48$2,036,121$1,270,720$1,095,320$1,603,574
49$2,176,229$1,265,408$1,064,436$1,646,445
50$2,328,499$1,257,708$1,030,390$1,691,935
51$2,494,105$1,247,435$993,007$1,740,343
52$2,674,337$1,234,393$952,106$1,792,005
53$2,870,618$1,218,376$907,500$1,847,295
54$3,084,509$1,199,164$858,989$1,906,633
55$3,317,731$1,176,526$806,367$1,970,486
56$3,572,178$1,150,214$749,419$2,039,376
57$3,849,933$1,119,968$687,918$2,113,884
58$4,153,292$1,085,511$621,629$2,194,658
59$4,484,779$1,046,553$550,304$2,282,421
60$4,847,175$1,002,782$473,688$2,377,977
61$5,243,541$953,873$391,511$2,482,220
62$5,677,248$899,479$303,493$2,596,145
63$6,152,008$839,234$209,340$2,720,859
64$6,671,907$772,751$108,747$2,857,591
65$7,241,446$699,620$1,395$3,007,708
66$7,865,582$619,410$0$3,172,727
67$8,549,773$531,663$0$3,374,859
68$9,300,032$435,896$0$3,597,053
69$10,122,979$331,599$0$3,841,193
70$11,025,910$218,234$0$4,109,650
71$12,016,856$95,231$0$4,405,046
72$13,104,667$0$0$4,730,283
73$14,299,091$0$0$5,109,487
74$15,610,866$0$0$5,583,675
75$17,051,819$0$0$6,104,751
76$18,634,982$0$0$6,677,450
77$20,374,709$0$0$7,306,990
78$22,286,816$0$0$7,999,119
79$24,388,725$0$0$8,760,170
80$26,699,632$0$0$9,597,119
81$29,240,683$0$0$10,517,655
82$32,035,180$0$0$11,530,247
83$35,108,791$0$0$12,644,227
84$38,489,800$0$0$13,869,877
85$42,209,369$0$0$15,218,525
86$46,301,833$0$0$16,702,653
87$50,805,022$0$0$18,336,016
88$55,760,620$0$0$20,133,766
89$61,214,553$0$0$22,112,603
90$67,217,427$0$0$24,290,925
91$73,825,002$0$0$26,689,005
92$81,098,719$0$0$29,329,182
93$89,106,278$0$0$32,236,070
94$97,922,276$0$0$35,436,794
95$107,628,911$0$0$38,961,240
96$118,316,757$0$0$42,842,341
97$130,085,619$0$0$47,116,386
98$143,045,473$0$0$51,823,364
99$157,317,501$0$0$57,007,339
100$173,035,241$0$0$62,716,865