Can I retire at age 41 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$99,095$98,212$97,351$96,510$95,690$92,850
2 years$49,057$48,143$47,258$46,399$45,567$42,729
3 years$32,380$31,462$30,579$29,728$28,909$26,163
4 years$24,043$23,128$22,254$21,418$20,618$17,984
5 years$19,042$18,133$17,270$16,451$15,674$13,159
6 years$15,709$14,807$13,956$13,156$12,402$10,009
7 years$13,329$12,435$11,598$10,816$10,086$7,815
8 years$11,546$10,659$9,836$9,073$8,367$6,216
9 years$10,159$9,280$8,472$7,729$7,047$5,013
10 years$9,050$8,180$7,386$6,662$6,004$4,086
11 years$8,143$7,282$6,502$5,798$5,164$3,357
12 years$7,388$6,536$5,771$5,086$4,475$2,776
13 years$6,750$5,907$5,156$4,490$3,902$2,308
14 years$6,204$5,369$4,632$3,986$3,421$1,927
15 years$5,730$4,905$4,182$3,554$3,012$1,614
16 years$5,316$4,500$3,792$3,183$2,662$1,356
17 years$4,952$4,144$3,451$2,860$2,360$1,142
18 years$4,628$3,830$3,150$2,577$2,098$963
19 years$4,339$3,549$2,884$2,329$1,870$814
20 years$4,078$3,298$2,646$2,109$1,671$689
21 years$3,843$3,072$2,434$1,914$1,495$584
22 years$3,630$2,868$2,244$1,740$1,340$495
23 years$3,435$2,682$2,071$1,585$1,203$420
24 years$3,257$2,513$1,916$1,446$1,081$357
25 years$3,094$2,358$1,774$1,320$973$303
26 years$2,943$2,216$1,646$1,207$876$258
27 years$2,804$2,086$1,528$1,105$790$219
28 years$2,675$1,966$1,421$1,012$713$186
29 years$2,555$1,854$1,322$928$644$159
30 years$2,443$1,751$1,231$852$582$135
31 years$2,338$1,655$1,148$782$526$115
32 years$2,241$1,566$1,071$719$476$98
33 years$2,149$1,483$1,000$661$431$83
34 years$2,063$1,406$934$608$390$71
35 years$1,982$1,333$874$560$353$61
36 years$1,906$1,266$817$516$320$52
37 years$1,834$1,202$765$475$290$44
38 years$1,766$1,142$716$438$263$37
39 years$1,702$1,086$671$404$238$32
40 years$1,641$1,034$629$373$216$27
41 years$1,583$984$590$344$196$23
42 years$1,528$937$553$317$178$20
43 years$1,476$893$519$293$162$17
44 years$1,426$851$487$270$147$14
45 years$1,378$811$458$250$133$12
46 years$1,333$774$430$231$121$10
47 years$1,290$739$404$213$110$9
48 years$1,249$705$379$197$100$8
49 years$1,209$673$357$182$91$6
50 years$1,172$643$335$168$82$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,200,000, adding $2,494 every year, while hoping to spend $36,876 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: 71/11/18 Blend
40$1,200,000$1,200,000$1,200,000$1,200,000
41$1,324,973$1,261,373$1,242,773$1,413,212
42$1,420,884$1,283,944$1,245,170$1,494,811
43$1,525,342$1,306,386$1,246,411$1,579,465
44$1,639,181$1,328,652$1,246,419$1,671,212
45$1,763,316$1,350,694$1,245,113$1,770,749
46$1,898,756$1,372,460$1,242,406$1,878,842
47$2,046,612$1,393,894$1,238,209$1,996,337
48$2,208,106$1,414,934$1,232,429$2,124,166
49$2,384,583$1,435,517$1,224,966$2,263,358
50$2,577,526$1,455,572$1,215,718$2,415,042
51$2,788,565$1,475,027$1,204,576$2,580,468
52$3,019,496$1,493,800$1,191,427$2,761,011
53$3,272,297$1,511,809$1,176,151$2,958,185
54$3,549,145$1,528,961$1,158,626$3,173,661
55$3,852,438$1,545,161$1,138,721$3,409,280
56$4,184,818$1,560,304$1,116,299$3,667,072
57$4,549,192$1,574,282$1,091,218$3,949,273
58$4,948,765$1,586,977$1,063,328$4,258,348
59$5,387,063$1,598,263$1,032,475$4,597,014
60$5,867,975$1,608,009$998,493$4,968,268
61$6,395,779$1,616,073$961,214$5,375,409
62$6,975,192$1,622,303$920,458$5,822,076
63$7,611,406$1,626,541$876,038$6,312,282
64$8,310,144$1,628,616$827,759$6,850,445
65$9,077,708$1,628,347$775,418$7,441,439
66$9,921,041$1,625,543$718,802$8,090,635
67$10,847,792$1,620,000$657,687$8,803,953
68$11,866,388$1,611,501$591,841$9,587,919
69$12,986,113$1,599,818$521,021$10,449,723
70$14,217,195$1,584,708$444,973$11,397,295
71$15,570,901$1,565,911$363,433$12,439,371
72$17,059,648$1,543,155$276,122$13,585,582
73$18,697,113$1,516,151$182,753$14,846,545
74$20,498,367$1,484,590$83,024$16,233,959
75$22,480,014$1,448,149$0$17,760,719
76$24,660,350$1,406,483$0$19,445,536
77$27,059,533$1,359,228$0$21,316,889
78$29,699,773$1,305,997$0$23,376,150
79$32,605,542$1,246,384$0$25,642,417
80$35,803,807$1,179,956$0$28,136,740
81$39,324,278$1,106,257$0$30,882,313
82$43,199,694$1,024,803$0$33,904,694
83$47,466,130$935,086$0$37,232,049
84$52,163,334$836,564$0$40,895,417
85$57,335,107$728,668$0$44,929,000
86$63,029,710$610,794$0$49,370,491
87$69,300,324$482,308$0$54,261,425
88$76,205,552$342,535$0$59,647,575
89$83,809,965$190,767$0$65,579,381
90$92,184,719$26,252$0$72,112,430
91$101,408,222$0$0$79,307,978
92$111,566,872$0$0$87,251,903
93$122,755,878$0$0$96,005,137
94$135,080,152$0$0$105,646,587
95$148,655,301$0$0$116,266,706
96$163,608,721$0$0$127,965,169
97$180,080,792$0$0$140,851,812
98$198,226,210$0$0$155,047,670
99$218,215,442$0$0$170,686,117
100$240,236,336$0$0$187,914,130