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%13.5%
1 years$98,269$97,394$96,540$95,706$94,892$93,513
2 years$48,648$47,742$46,864$46,013$45,187$43,800
3 years$32,110$31,200$30,324$29,481$28,668$27,317
4 years$23,842$22,935$22,068$21,239$20,447$19,141
5 years$18,883$17,982$17,126$16,314$15,543$14,288
6 years$15,578$14,683$13,840$13,046$12,299$11,095
7 years$13,218$12,331$11,501$10,726$10,002$8,850
8 years$11,449$10,570$9,754$8,998$8,298$7,197
9 years$10,074$9,203$8,401$7,664$6,988$5,939
10 years$8,975$8,112$7,324$6,607$5,954$4,955
11 years$8,076$7,222$6,448$5,750$5,121$4,171
12 years$7,327$6,482$5,723$5,043$4,437$3,536
13 years$6,694$5,858$5,113$4,452$3,870$3,015
14 years$6,152$5,324$4,594$3,952$3,392$2,583
15 years$5,682$4,864$4,148$3,525$2,987$2,222
16 years$5,272$4,463$3,760$3,156$2,640$1,917
17 years$4,910$4,110$3,422$2,836$2,340$1,659
18 years$4,589$3,798$3,124$2,556$2,081$1,439
19 years$4,302$3,520$2,860$2,309$1,855$1,251
20 years$4,044$3,271$2,624$2,091$1,657$1,090
21 years$3,811$3,046$2,414$1,898$1,483$950
22 years$3,600$2,844$2,225$1,726$1,329$830
23 years$3,407$2,660$2,054$1,572$1,193$725
24 years$3,230$2,492$1,900$1,433$1,072$635
25 years$3,068$2,339$1,760$1,309$965$556
26 years$2,919$2,198$1,632$1,197$869$487
27 years$2,780$2,069$1,515$1,096$784$427
28 years$2,652$1,949$1,409$1,004$707$375
29 years$2,533$1,839$1,311$921$638$329
30 years$2,422$1,737$1,221$845$577$289
31 years$2,319$1,642$1,138$776$522$254
32 years$2,222$1,553$1,062$713$472$223
33 years$2,131$1,471$992$656$427$196
34 years$2,046$1,394$927$603$387$173
35 years$1,966$1,322$866$555$350$152
36 years$1,890$1,255$810$512$317$134
37 years$1,819$1,192$759$471$288$118
38 years$1,751$1,133$710$434$261$103
39 years$1,687$1,077$666$401$236$91
40 years$1,627$1,025$624$369$214$80
41 years$1,570$976$585$341$195$71
42 years$1,515$929$549$315$176$62
43 years$1,463$885$515$290$160$55
44 years$1,414$844$483$268$145$48
45 years$1,367$805$454$248$132$42
46 years$1,322$768$426$229$120$37
47 years$1,279$733$400$211$109$33
48 years$1,238$699$376$195$99$29
49 years$1,199$668$354$180$90$26
50 years$1,162$638$333$167$82$23

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 $6,834 every year, while hoping to spend $20,065 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: 48/37/15 Blend
40$1,190,000$1,190,000$1,190,000$1,190,000
41$1,318,429$1,255,359$1,236,914$1,375,883
42$1,431,560$1,295,523$1,257,002$1,456,476
43$1,555,558$1,336,982$1,277,090$1,541,320
44$1,691,509$1,379,779$1,297,157$1,633,004
45$1,840,613$1,423,957$1,317,181$1,732,177
46$2,004,186$1,469,563$1,337,138$1,839,549
47$2,183,683$1,516,641$1,357,002$1,955,902
48$2,380,704$1,565,241$1,376,746$2,082,099
49$2,597,010$1,615,412$1,396,342$2,219,085
50$2,834,544$1,667,207$1,415,758$2,367,904
51$3,095,445$1,720,677$1,434,964$2,529,703
52$3,382,068$1,775,878$1,453,923$2,705,744
53$3,697,010$1,832,867$1,472,600$2,897,417
54$4,043,130$1,891,703$1,490,958$3,106,250
55$4,423,579$1,952,446$1,508,954$3,333,929
56$4,841,827$2,015,159$1,526,547$3,582,306
57$5,301,699$2,079,907$1,543,692$3,853,423
58$5,807,406$2,146,756$1,560,339$4,149,526
59$6,363,591$2,215,777$1,576,440$4,473,091
60$6,975,367$2,287,040$1,591,941$4,826,840
61$7,648,370$2,360,620$1,606,786$5,213,776
62$8,388,806$2,436,593$1,620,916$5,637,203
63$9,203,516$2,515,038$1,634,269$6,100,759
64$10,100,037$2,596,037$1,646,779$6,608,453
65$11,086,673$2,679,675$1,658,378$7,164,700
66$12,172,573$2,766,038$1,668,993$7,774,363
67$13,367,819$2,855,218$1,678,548$8,442,797
68$14,683,520$2,947,307$1,686,963$9,175,903
69$16,131,916$3,042,402$1,694,153$9,980,179
70$17,726,495$3,140,603$1,700,031$10,862,786
71$19,482,119$3,242,014$1,704,503$11,831,610
72$21,415,163$3,346,741$1,707,472$12,895,340
73$23,543,672$3,454,894$1,708,835$14,063,548
74$25,887,531$3,566,587$1,708,485$15,346,779
75$28,468,649$3,681,940$1,706,309$16,756,653
76$31,311,169$3,801,073$1,702,188$18,305,967
77$34,441,696$3,924,113$1,695,999$20,008,827
78$37,889,546$4,051,192$1,687,612$21,880,767
79$41,687,022$4,182,443$1,676,890$23,938,909
80$45,869,722$4,318,007$1,663,690$26,202,113
81$50,476,873$4,458,028$1,647,862$28,691,161
82$55,551,698$4,602,656$1,629,250$31,428,953
83$61,141,831$4,752,045$1,607,689$34,440,717
84$67,299,759$4,906,356$1,583,008$37,754,254
85$74,083,321$5,065,755$1,555,026$41,400,195
86$81,556,255$5,230,412$1,523,554$45,412,292
87$89,788,796$5,400,505$1,488,396$49,827,734
88$98,858,341$5,576,217$1,449,345$54,687,502
89$108,850,179$5,757,739$1,406,185$60,036,749
90$119,858,295$5,945,266$1,358,690$65,925,233
91$131,986,259$6,139,002$1,306,624$72,407,779
92$145,348,201$6,339,157$1,249,740$79,544,801
93$160,069,891$6,545,949$1,187,780$87,402,872
94$176,289,923$6,759,604$1,120,473$96,055,347
95$194,161,024$6,980,354$1,047,539$105,583,061
96$213,851,498$7,208,440$968,681$116,075,088
97$235,546,811$7,444,114$883,592$127,629,580
98$259,451,343$7,687,633$791,949$140,354,699
99$285,790,319$7,939,266$693,418$154,369,630
100$314,811,930$8,199,289$587,647$169,805,712