Can I retire at age 41 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$99,921$99,031$98,162$97,315$96,487$94,694
2 years$49,466$48,544$47,652$46,786$45,946$44,146
3 years$32,650$31,724$30,834$29,976$29,150$27,400
4 years$24,243$23,321$22,439$21,596$20,790$19,103
5 years$19,201$18,284$17,414$16,588$15,804$14,184
6 years$15,840$14,930$14,073$13,265$12,505$10,955
7 years$13,441$12,538$11,695$10,906$10,170$8,690
8 years$11,642$10,748$9,918$9,149$8,437$7,026
9 years$10,243$9,358$8,542$7,793$7,105$5,763
10 years$9,125$8,248$7,447$6,718$6,054$4,779
11 years$8,211$7,343$6,557$5,846$5,207$3,998
12 years$7,450$6,591$5,819$5,128$4,512$3,367
13 years$6,806$5,956$5,199$4,527$3,935$2,852
14 years$6,255$5,414$4,671$4,019$3,449$2,427
15 years$5,778$4,946$4,217$3,584$3,037$2,073
16 years$5,361$4,538$3,824$3,209$2,684$1,777
17 years$4,993$4,179$3,479$2,883$2,380$1,527
18 years$4,667$3,862$3,176$2,599$2,116$1,315
19 years$4,375$3,579$2,908$2,348$1,886$1,135
20 years$4,112$3,326$2,668$2,127$1,685$981
21 years$3,875$3,098$2,455$1,930$1,508$849
22 years$3,660$2,892$2,262$1,755$1,351$736
23 years$3,464$2,704$2,089$1,598$1,213$638
24 years$3,285$2,534$1,932$1,458$1,090$554
25 years$3,120$2,378$1,789$1,331$981$481
26 years$2,968$2,235$1,659$1,217$884$419
27 years$2,827$2,103$1,541$1,114$797$364
28 years$2,697$1,982$1,432$1,021$719$317
29 years$2,576$1,870$1,333$936$649$276
30 years$2,463$1,766$1,242$859$587$240
31 years$2,358$1,669$1,158$789$530$210
32 years$2,259$1,579$1,080$725$480$183
33 years$2,167$1,496$1,008$667$434$159
34 years$2,080$1,418$942$613$393$139
35 years$1,999$1,345$881$565$356$121
36 years$1,922$1,276$824$520$323$106
37 years$1,849$1,212$771$479$292$92
38 years$1,781$1,152$722$442$265$80
39 years$1,716$1,095$677$407$240$70
40 years$1,654$1,042$634$376$218$61
41 years$1,596$992$595$347$198$54
42 years$1,541$945$558$320$179$47
43 years$1,488$900$524$295$163$41
44 years$1,438$858$491$273$148$36
45 years$1,390$818$461$252$134$31
46 years$1,344$781$433$233$122$27
47 years$1,301$745$407$215$111$24
48 years$1,259$711$383$199$100$21
49 years$1,219$679$360$183$91$18
50 years$1,181$649$338$170$83$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,210,000, adding $4,074 every year, while hoping to spend $34,644 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: 56/25/19 Blend
40$1,210,000$1,210,000$1,210,000$1,210,000
41$1,337,622$1,273,492$1,254,737$1,405,515
42$1,437,199$1,299,033$1,259,910$1,477,789
43$1,545,771$1,324,663$1,264,095$1,552,423
44$1,664,220$1,350,352$1,267,222$1,632,962
45$1,793,515$1,376,064$1,269,219$1,719,981
46$1,934,724$1,401,761$1,270,009$1,814,115
47$2,089,022$1,427,404$1,269,510$1,916,061
48$2,257,702$1,452,947$1,267,638$2,026,591
49$2,442,190$1,478,343$1,264,306$2,146,553
50$2,644,052$1,503,540$1,259,419$2,276,884
51$2,865,016$1,528,484$1,252,880$2,418,616
52$3,106,983$1,553,116$1,244,588$2,572,886
53$3,372,048$1,577,371$1,234,434$2,740,950
54$3,662,516$1,601,182$1,222,307$2,924,190
55$3,980,928$1,624,474$1,208,088$3,124,133
56$4,330,079$1,647,170$1,191,656$3,342,458
57$4,713,052$1,669,186$1,172,881$3,581,021
58$5,133,238$1,690,432$1,151,628$3,841,865
59$5,594,377$1,710,811$1,127,756$4,127,244
60$6,100,585$1,730,222$1,101,117$4,439,643
61$6,656,397$1,748,555$1,071,557$4,781,803
62$7,266,808$1,765,693$1,038,913$5,156,743
63$7,937,322$1,781,512$1,003,016$5,567,794
64$8,674,002$1,795,879$963,690$6,018,627
65$9,483,526$1,808,653$920,749$6,513,292
66$10,373,251$1,819,683$874,000$7,056,252
67$11,351,285$1,828,809$823,241$7,652,427
68$12,426,556$1,835,861$768,260$8,307,243
69$13,608,905$1,840,658$708,837$9,026,680
70$14,909,171$1,843,008$644,741$9,817,333
71$16,339,297$1,842,706$575,730$10,686,472
72$17,912,441$1,839,534$501,553$11,642,109
73$19,643,102$1,833,264$421,947$12,693,082
74$21,547,254$1,823,649$336,638$13,849,128
75$23,642,496$1,810,430$245,338$15,120,987
76$25,948,222$1,793,333$147,748$16,520,495
77$28,485,800$1,772,065$43,556$18,060,699
78$31,278,772$1,746,317$0$19,755,986
79$34,353,081$1,715,761$0$21,635,923
80$37,737,312$1,680,049$0$23,714,593
81$41,462,961$1,638,815$0$26,002,497
82$45,564,734$1,591,668$0$28,520,949
83$50,080,873$1,538,196$0$31,293,442
84$55,053,518$1,477,963$0$34,345,865
85$60,529,100$1,410,507$0$37,706,751
86$66,558,787$1,335,340$0$41,407,547
87$73,198,956$1,251,945$0$45,482,909
88$80,511,734$1,159,775$0$49,971,034
89$88,565,580$1,058,253$0$54,914,016
90$97,435,930$946,768$0$60,358,248
91$107,205,911$824,676$0$66,354,859
92$117,967,123$691,294$0$72,960,198
93$129,820,503$545,902$0$80,236,367
94$142,877,282$387,738$0$88,251,807
95$157,260,028$216,000$0$97,081,946
96$173,103,805$29,838$0$106,809,912
97$190,557,450$0$0$117,527,319
98$209,784,974$0$0$129,382,353
99$230,967,111$0$0$142,451,749
100$254,303,025$0$0$156,850,203