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%14.6%
1 years$100,746$99,849$98,974$98,119$97,285$95,437
2 years$49,874$48,946$48,045$47,173$46,326$44,472
3 years$32,919$31,987$31,089$30,224$29,391$27,589
4 years$24,443$23,513$22,625$21,775$20,962$19,224
5 years$19,359$18,435$17,558$16,725$15,935$14,267
6 years$15,971$15,053$14,189$13,375$12,609$11,013
7 years$13,552$12,642$11,791$10,996$10,254$8,731
8 years$11,738$10,836$10,000$9,225$8,507$7,055
9 years$10,328$9,435$8,613$7,857$7,164$5,783
10 years$9,201$8,317$7,509$6,773$6,104$4,793
11 years$8,279$7,404$6,611$5,895$5,250$4,007
12 years$7,512$6,645$5,867$5,170$4,549$3,373
13 years$6,863$6,005$5,242$4,565$3,967$2,855
14 years$6,307$5,459$4,710$4,052$3,478$2,428
15 years$5,826$4,987$4,252$3,614$3,062$2,073
16 years$5,405$4,575$3,855$3,236$2,706$1,775
17 years$5,034$4,213$3,508$2,907$2,399$1,524
18 years$4,705$3,893$3,202$2,620$2,133$1,312
19 years$4,411$3,608$2,932$2,367$1,902$1,131
20 years$4,146$3,353$2,691$2,144$1,699$977
21 years$3,907$3,123$2,475$1,946$1,520$845
22 years$3,690$2,915$2,281$1,769$1,362$732
23 years$3,493$2,727$2,106$1,611$1,223$634
24 years$3,312$2,555$1,948$1,470$1,099$550
25 years$3,145$2,398$1,804$1,342$989$478
26 years$2,992$2,253$1,673$1,227$891$415
27 years$2,850$2,121$1,554$1,123$803$361
28 years$2,719$1,998$1,444$1,029$725$314
29 years$2,597$1,885$1,344$944$655$273
30 years$2,483$1,780$1,252$866$591$238
31 years$2,377$1,683$1,167$795$535$207
32 years$2,278$1,592$1,089$731$484$180
33 years$2,185$1,508$1,017$672$438$157
34 years$2,097$1,429$950$619$396$137
35 years$2,015$1,356$888$569$359$119
36 years$1,938$1,287$831$524$325$104
37 years$1,864$1,222$778$483$295$91
38 years$1,795$1,161$728$445$267$79
39 years$1,730$1,104$682$411$242$69
40 years$1,668$1,051$640$379$220$60
41 years$1,609$1,000$600$349$199$52
42 years$1,553$953$563$323$181$46
43 years$1,500$908$528$298$164$40
44 years$1,450$865$495$275$149$35
45 years$1,401$825$465$254$135$30
46 years$1,355$787$437$234$123$26
47 years$1,312$751$411$217$112$23
48 years$1,270$717$386$200$101$20
49 years$1,230$685$363$185$92$18
50 years$1,191$654$341$171$84$15

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 $3,203 every year, while hoping to spend $41,741 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: 56/28/16 Blend
40$1,220,000$1,220,000$1,220,000$1,220,000
41$1,347,744$1,283,084$1,264,174$1,417,379
42$1,440,802$1,301,543$1,262,112$1,483,524
43$1,541,952$1,319,507$1,258,581$1,550,745
44$1,651,977$1,336,909$1,253,490$1,623,023
45$1,771,736$1,353,675$1,246,739$1,700,850
46$1,902,176$1,369,727$1,238,227$1,784,771
47$2,044,336$1,384,982$1,227,845$1,875,386
48$2,199,362$1,399,351$1,215,483$1,973,356
49$2,368,517$1,412,738$1,201,021$2,079,414
50$2,553,187$1,425,044$1,184,336$2,194,366
51$2,754,900$1,436,159$1,165,300$2,319,101
52$2,975,339$1,445,970$1,143,776$2,454,601
53$3,216,355$1,454,354$1,119,624$2,601,951
54$3,479,986$1,461,181$1,092,695$2,762,345
55$3,768,479$1,466,312$1,062,834$2,937,104
56$4,084,304$1,469,601$1,029,879$3,127,682
57$4,430,183$1,470,892$993,660$3,335,686
58$4,809,114$1,470,019$954,001$3,562,887
59$5,224,399$1,466,805$910,715$3,811,240
60$5,679,672$1,461,063$863,608$4,082,903
61$6,178,939$1,452,594$812,479$4,380,255
62$6,726,608$1,441,190$757,115$4,705,920
63$7,327,539$1,426,624$697,295$5,062,795
64$7,987,081$1,408,662$632,788$5,454,073
65$8,711,129$1,387,052$563,351$5,883,279
66$9,506,175$1,361,528$488,734$6,354,300
67$10,379,370$1,331,809$408,672$6,871,422
68$11,338,594$1,297,595$322,891$7,439,376
69$12,392,525$1,258,572$231,102$8,063,376
70$13,550,725$1,214,404$133,006$8,749,177
71$14,823,727$1,164,739$28,291$9,503,123
72$16,223,137$1,109,201$0$10,332,211
73$17,761,740$1,047,394$0$11,258,409
74$19,453,621$978,900$0$12,282,058
75$21,314,299$903,275$0$13,407,771
76$23,360,874$820,051$0$14,645,961
77$25,612,183$728,734$0$16,008,110
78$28,088,984$628,801$0$17,506,871
79$30,814,146$519,697$0$19,156,196
80$33,812,867$400,840$0$20,971,464
81$37,112,911$271,614$0$22,969,625
82$40,744,871$131,365$0$25,169,368
83$44,742,453$0$0$27,591,292
84$49,142,800$0$0$30,264,448
85$53,986,835$0$0$33,251,829
86$59,319,653$0$0$36,540,785
87$65,190,942$0$0$40,161,978
88$71,655,455$0$0$44,149,196
89$78,773,522$0$0$48,539,666
90$86,611,621$0$0$53,374,413
91$95,243,008$0$0$58,698,641
92$104,748,401$0$0$64,562,161
93$115,216,749$0$0$71,019,862
94$126,746,064$0$0$78,132,228
95$139,444,352$0$0$85,965,908
96$153,430,626$0$0$94,594,346
97$168,836,032$0$0$104,098,472
98$185,805,088$0$0$114,567,466
99$204,497,043$0$0$126,099,604
100$225,087,382$0$0$138,803,176