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%18.8%
1 years$100,746$99,849$98,974$98,119$97,285$93,833
2 years$49,874$48,946$48,045$47,173$46,326$42,885
3 years$32,919$31,987$31,089$30,224$29,391$26,069
4 years$24,443$23,513$22,625$21,775$20,962$17,785
5 years$19,359$18,435$17,558$16,725$15,935$12,911
6 years$15,971$15,053$14,189$13,375$12,609$9,739
7 years$13,552$12,642$11,791$10,996$10,254$7,539
8 years$11,738$10,836$10,000$9,225$8,507$5,944
9 years$10,328$9,435$8,613$7,857$7,164$4,750
10 years$9,201$8,317$7,509$6,773$6,104$3,835
11 years$8,279$7,404$6,611$5,895$5,250$3,121
12 years$7,512$6,645$5,867$5,170$4,549$2,555
13 years$6,863$6,005$5,242$4,565$3,967$2,103
14 years$6,307$5,459$4,710$4,052$3,478$1,737
15 years$5,826$4,987$4,252$3,614$3,062$1,440
16 years$5,405$4,575$3,855$3,236$2,706$1,197
17 years$5,034$4,213$3,508$2,907$2,399$997
18 years$4,705$3,893$3,202$2,620$2,133$831
19 years$4,411$3,608$2,932$2,367$1,902$695
20 years$4,146$3,353$2,691$2,144$1,699$581
21 years$3,907$3,123$2,475$1,946$1,520$487
22 years$3,690$2,915$2,281$1,769$1,362$408
23 years$3,493$2,727$2,106$1,611$1,223$342
24 years$3,312$2,555$1,948$1,470$1,099$287
25 years$3,145$2,398$1,804$1,342$989$241
26 years$2,992$2,253$1,673$1,227$891$202
27 years$2,850$2,121$1,554$1,123$803$170
28 years$2,719$1,998$1,444$1,029$725$143
29 years$2,597$1,885$1,344$944$655$120
30 years$2,483$1,780$1,252$866$591$101
31 years$2,377$1,683$1,167$795$535$85
32 years$2,278$1,592$1,089$731$484$71
33 years$2,185$1,508$1,017$672$438$60
34 years$2,097$1,429$950$619$396$51
35 years$2,015$1,356$888$569$359$43
36 years$1,938$1,287$831$524$325$36
37 years$1,864$1,222$778$483$295$30
38 years$1,795$1,161$728$445$267$25
39 years$1,730$1,104$682$411$242$21
40 years$1,668$1,051$640$379$220$18
41 years$1,609$1,000$600$349$199$15
42 years$1,553$953$563$323$181$13
43 years$1,500$908$528$298$164$11
44 years$1,450$865$495$275$149$9
45 years$1,401$825$465$254$135$8
46 years$1,355$787$437$234$123$6
47 years$1,312$751$411$217$112$5
48 years$1,270$717$386$200$101$5
49 years$1,230$685$363$185$92$4
50 years$1,191$654$341$171$84$3

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 $3,353 every year, while hoping to spend $25,380 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: 52/22/26 Blend
40$1,220,000$1,220,000$1,220,000$1,220,000
41$1,347,899$1,283,239$1,264,329$1,408,033
42$1,458,380$1,319,113$1,279,680$1,485,956
43$1,579,280$1,355,895$1,294,694$1,567,822
44$1,711,635$1,393,602$1,309,334$1,656,366
45$1,856,584$1,432,251$1,323,560$1,752,235
46$2,015,385$1,471,860$1,337,328$1,856,143
47$2,189,420$1,512,448$1,350,595$1,968,874
48$2,380,214$1,554,031$1,363,312$2,091,292
49$2,589,444$1,596,626$1,375,432$2,224,350
50$2,818,959$1,640,252$1,386,900$2,369,098
51$3,070,794$1,684,926$1,397,662$2,526,690
52$3,347,192$1,730,664$1,407,661$2,698,401
53$3,650,622$1,777,483$1,416,834$2,885,633
54$3,983,806$1,825,401$1,425,119$3,089,931
55$4,349,740$1,874,431$1,432,446$3,313,000
56$4,751,727$1,924,592$1,438,746$3,556,716
57$5,193,403$1,975,897$1,443,944$3,823,146
58$5,678,775$2,028,361$1,447,962$4,114,569
59$6,212,259$2,081,999$1,450,717$4,433,497
60$6,798,716$2,136,824$1,452,123$4,782,696
61$7,443,506$2,192,849$1,452,090$5,165,214
62$8,152,531$2,250,086$1,450,522$5,584,413
63$8,932,294$2,308,545$1,447,320$6,043,994
64$9,789,962$2,368,238$1,442,379$6,548,039
65$10,733,429$2,429,173$1,435,590$7,101,043
66$11,771,394$2,491,357$1,426,837$7,707,964
67$12,913,441$2,554,798$1,416,001$8,374,261
68$14,170,129$2,619,501$1,402,954$9,105,954
69$15,553,095$2,685,469$1,387,565$9,909,676
70$17,075,158$2,752,704$1,369,696$10,792,736
71$18,750,444$2,821,206$1,349,201$11,763,190
72$20,594,518$2,890,974$1,325,928$12,829,918
73$22,624,531$2,962,004$1,299,718$14,002,702
74$24,859,380$3,034,289$1,270,406$15,292,327
75$27,319,889$3,107,822$1,237,817$16,710,677
76$30,029,003$3,182,591$1,201,770$18,270,848
77$33,012,005$3,258,581$1,162,072$19,987,275
78$36,296,755$3,335,777$1,118,527$21,875,864
79$39,913,951$3,414,157$1,070,924$23,954,148
80$43,897,421$3,493,698$1,019,048$26,241,447
81$48,284,441$3,574,372$962,669$28,759,053
82$53,116,086$3,656,148$901,550$31,530,435
83$58,437,617$3,738,990$835,442$34,581,453
84$64,298,911$3,822,857$764,087$37,940,610
85$70,754,927$3,907,704$687,211$41,639,316
86$77,866,229$3,993,482$604,532$45,712,190
87$85,699,555$4,080,132$515,754$50,197,382
88$94,328,445$4,167,595$420,568$55,136,937
89$103,833,940$4,255,800$318,650$60,577,193
90$114,305,340$4,344,673$209,663$66,569,213
91$125,841,054$4,434,131$93,257$73,169,278
92$138,549,523$4,524,085$0$80,439,408
93$152,550,246$4,614,436$0$88,456,548
94$167,974,905$4,705,078$0$97,315,602
95$184,968,612$4,795,893$0$107,073,797
96$203,691,276$4,886,757$0$117,822,738
97$224,319,111$4,977,533$0$129,663,371
98$247,046,302$5,068,074$0$142,706,937
99$272,086,836$5,158,221$0$157,076,021
100$299,676,521$5,247,802$0$172,905,710