Can I retire at age 41 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$100,746$99,849$98,974$98,119$97,285$95,516
2 years$49,874$48,946$48,045$47,173$46,326$44,550
3 years$32,919$31,987$31,089$30,224$29,391$27,664
4 years$24,443$23,513$22,625$21,775$20,962$19,296
5 years$19,359$18,435$17,558$16,725$15,935$14,336
6 years$15,971$15,053$14,189$13,375$12,609$11,078
7 years$13,552$12,642$11,791$10,996$10,254$8,792
8 years$11,738$10,836$10,000$9,225$8,507$7,113
9 years$10,328$9,435$8,613$7,857$7,164$5,838
10 years$9,201$8,317$7,509$6,773$6,104$4,844
11 years$8,279$7,404$6,611$5,895$5,250$4,055
12 years$7,512$6,645$5,867$5,170$4,549$3,417
13 years$6,863$6,005$5,242$4,565$3,967$2,897
14 years$6,307$5,459$4,710$4,052$3,478$2,467
15 years$5,826$4,987$4,252$3,614$3,062$2,109
16 years$5,405$4,575$3,855$3,236$2,706$1,808
17 years$5,034$4,213$3,508$2,907$2,399$1,555
18 years$4,705$3,893$3,202$2,620$2,133$1,340
19 years$4,411$3,608$2,932$2,367$1,902$1,157
20 years$4,146$3,353$2,691$2,144$1,699$1,001
21 years$3,907$3,123$2,475$1,946$1,520$867
22 years$3,690$2,915$2,281$1,769$1,362$752
23 years$3,493$2,727$2,106$1,611$1,223$653
24 years$3,312$2,555$1,948$1,470$1,099$567
25 years$3,145$2,398$1,804$1,342$989$493
26 years$2,992$2,253$1,673$1,227$891$429
27 years$2,850$2,121$1,554$1,123$803$374
28 years$2,719$1,998$1,444$1,029$725$326
29 years$2,597$1,885$1,344$944$655$284
30 years$2,483$1,780$1,252$866$591$247
31 years$2,377$1,683$1,167$795$535$216
32 years$2,278$1,592$1,089$731$484$188
33 years$2,185$1,508$1,017$672$438$164
34 years$2,097$1,429$950$619$396$143
35 years$2,015$1,356$888$569$359$125
36 years$1,938$1,287$831$524$325$109
37 years$1,864$1,222$778$483$295$95
38 years$1,795$1,161$728$445$267$83
39 years$1,730$1,104$682$411$242$73
40 years$1,668$1,051$640$379$220$64
41 years$1,609$1,000$600$349$199$56
42 years$1,553$953$563$323$181$49
43 years$1,500$908$528$298$164$42
44 years$1,450$865$495$275$149$37
45 years$1,401$825$465$254$135$32
46 years$1,355$787$437$234$123$28
47 years$1,312$751$411$217$112$25
48 years$1,270$717$386$200$101$22
49 years$1,230$685$363$185$92$19
50 years$1,191$654$341$171$84$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,220,000, adding $3,750 every year, while hoping to spend $39,808 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: 42/31/27 Blend
40$1,220,000$1,220,000$1,220,000$1,220,000
41$1,348,308$1,283,648$1,264,738$1,394,140
42$1,443,480$1,304,191$1,264,751$1,447,974
43$1,547,026$1,324,407$1,263,431$1,502,194
44$1,659,756$1,344,237$1,260,690$1,560,146
45$1,782,566$1,363,620$1,256,438$1,622,199
46$1,916,438$1,382,487$1,250,579$1,688,759
47$2,062,455$1,400,769$1,243,013$1,760,277
48$2,221,807$1,418,389$1,233,636$1,837,249
49$2,395,806$1,435,265$1,222,338$1,920,226
50$2,585,896$1,451,310$1,209,003$2,009,815
51$2,793,664$1,466,431$1,193,512$2,106,687
52$3,020,861$1,480,530$1,175,738$2,211,587
53$3,269,413$1,493,500$1,155,549$2,325,333
54$3,541,441$1,505,229$1,132,808$2,448,832
55$3,839,280$1,515,597$1,107,369$2,583,087
56$4,165,501$1,524,476$1,079,080$2,729,203
57$4,522,938$1,531,731$1,047,785$2,888,403
58$4,914,708$1,537,216$1,013,317$3,062,038
59$5,344,248$1,540,779$975,502$3,251,600
60$5,815,340$1,542,257$934,161$3,458,736
61$6,332,152$1,541,474$889,102$3,685,266
62$6,899,274$1,538,249$840,129$3,933,200
63$7,521,761$1,532,384$787,035$4,204,755
64$8,205,183$1,523,674$729,603$4,502,383
65$8,955,675$1,511,896$667,608$4,828,788
66$9,779,993$1,496,819$600,812$5,186,957
67$10,685,584$1,478,195$528,971$5,580,185
68$11,680,648$1,455,761$451,826$6,012,113
69$12,774,220$1,429,239$369,108$6,486,756
70$13,976,254$1,398,335$280,537$7,008,547
71$15,297,716$1,362,738$185,819$7,582,379
72$16,750,688$1,322,117$84,649$8,213,652
73$18,348,480$1,276,122$0$8,908,323
74$20,105,757$1,224,384$0$9,679,685
75$22,038,677$1,166,512$0$10,554,735
76$24,165,042$1,102,091$0$11,517,165
77$26,504,466$1,030,683$0$12,575,912
78$29,078,561$951,826$0$13,740,825
79$31,911,139$865,031$0$15,022,767
80$35,028,437$769,779$0$16,433,711
81$38,459,363$665,524$0$17,986,859
82$42,235,772$551,688$0$19,696,766
83$46,392,762$427,662$0$21,579,477
84$50,969,006$292,799$0$23,652,681
85$56,007,119$146,421$0$25,935,880
86$61,554,056$0$0$28,450,572
87$67,661,559$0$0$31,224,615
88$74,386,640$0$0$34,334,358
89$81,792,122$0$0$37,758,927
90$89,947,233$0$0$41,530,360
91$98,928,252$0$0$45,683,959
92$108,819,238$0$0$50,258,627
93$119,712,813$0$0$55,297,230
94$131,711,044$0$0$60,847,006
95$144,926,402$0$0$66,960,008
96$159,482,823$0$0$73,693,593
97$175,516,878$0$0$81,110,969
98$193,179,060$0$0$89,281,788
99$212,635,208$0$0$98,282,801
100$234,068,067$0$0$108,198,588