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

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$100,746$99,849$98,974$98,119$97,285$94,971
2 years$49,874$48,946$48,045$47,173$46,326$44,009
3 years$32,919$31,987$31,089$30,224$29,391$27,143
4 years$24,443$23,513$22,625$21,775$20,962$18,799
5 years$19,359$18,435$17,558$16,725$15,935$13,864
6 years$15,971$15,053$14,189$13,375$12,609$10,632
7 years$13,552$12,642$11,791$10,996$10,254$8,372
8 years$11,738$10,836$10,000$9,225$8,507$6,718
9 years$10,328$9,435$8,613$7,857$7,164$5,468
10 years$9,201$8,317$7,509$6,773$6,104$4,498
11 years$8,279$7,404$6,611$5,895$5,250$3,732
12 years$7,512$6,645$5,867$5,170$4,549$3,117
13 years$6,863$6,005$5,242$4,565$3,967$2,617
14 years$6,307$5,459$4,710$4,052$3,478$2,208
15 years$5,826$4,987$4,252$3,614$3,062$1,869
16 years$5,405$4,575$3,855$3,236$2,706$1,587
17 years$5,034$4,213$3,508$2,907$2,399$1,351
18 years$4,705$3,893$3,202$2,620$2,133$1,152
19 years$4,411$3,608$2,932$2,367$1,902$985
20 years$4,146$3,353$2,691$2,144$1,699$843
21 years$3,907$3,123$2,475$1,946$1,520$722
22 years$3,690$2,915$2,281$1,769$1,362$620
23 years$3,493$2,727$2,106$1,611$1,223$532
24 years$3,312$2,555$1,948$1,470$1,099$457
25 years$3,145$2,398$1,804$1,342$989$393
26 years$2,992$2,253$1,673$1,227$891$338
27 years$2,850$2,121$1,554$1,123$803$291
28 years$2,719$1,998$1,444$1,029$725$251
29 years$2,597$1,885$1,344$944$655$216
30 years$2,483$1,780$1,252$866$591$186
31 years$2,377$1,683$1,167$795$535$161
32 years$2,278$1,592$1,089$731$484$139
33 years$2,185$1,508$1,017$672$438$119
34 years$2,097$1,429$950$619$396$103
35 years$2,015$1,356$888$569$359$89
36 years$1,938$1,287$831$524$325$77
37 years$1,864$1,222$778$483$295$66
38 years$1,795$1,161$728$445$267$57
39 years$1,730$1,104$682$411$242$49
40 years$1,668$1,051$640$379$220$43
41 years$1,609$1,000$600$349$199$37
42 years$1,553$953$563$323$181$32
43 years$1,500$908$528$298$164$27
44 years$1,450$865$495$275$149$24
45 years$1,401$825$465$254$135$20
46 years$1,355$787$437$234$123$18
47 years$1,312$751$411$217$112$15
48 years$1,270$717$386$200$101$13
49 years$1,230$685$363$185$92$11
50 years$1,191$654$341$171$84$10

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 $3,313 every year, while hoping to spend $39,675 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: 32/43/25 Blend
40$1,220,000$1,220,000$1,220,000$1,220,000
41$1,347,857$1,283,197$1,264,287$1,380,568
42$1,443,125$1,303,860$1,264,427$1,426,353
43$1,546,780$1,324,206$1,263,242$1,471,859
44$1,659,636$1,344,176$1,260,645$1,520,080
45$1,782,589$1,363,711$1,256,547$1,571,278
46$1,916,624$1,382,743$1,250,851$1,625,748
47$2,062,825$1,401,203$1,243,460$1,683,815
48$2,222,385$1,419,014$1,234,268$1,745,838
49$2,396,619$1,436,097$1,223,167$1,812,216
50$2,586,973$1,452,364$1,210,042$1,883,391
51$2,795,038$1,467,724$1,194,772$1,959,853
52$3,022,568$1,482,079$1,177,234$2,042,141
53$3,271,494$1,495,324$1,157,294$2,130,858
54$3,543,939$1,507,348$1,134,816$2,226,665
55$3,842,244$1,518,031$1,109,656$2,330,297
56$4,168,986$1,527,248$1,081,663$2,442,568
57$4,527,004$1,534,864$1,050,680$2,564,376
58$4,919,421$1,540,736$1,016,541$2,696,718
59$5,349,682$1,544,711$979,074$2,840,693
60$5,821,575$1,546,628$938,099$2,997,519
61$6,339,278$1,546,315$893,428$3,168,544
62$6,907,390$1,543,590$844,863$3,355,254
63$7,530,977$1,538,259$792,199$3,559,297
64$8,215,619$1,530,116$735,220$3,782,493
65$8,967,463$1,518,943$673,701$4,026,852
66$9,793,282$1,504,509$607,408$4,294,598
67$10,700,536$1,486,569$536,095$4,588,188
68$11,697,442$1,464,862$459,505$4,910,336
69$12,793,054$1,439,113$377,372$5,264,042
70$13,997,346$1,409,031$289,415$5,652,619
71$15,321,308$1,374,305$195,342$6,079,728
72$16,777,044$1,334,609$94,850$6,549,411
73$18,377,895$1,289,597$0$7,066,135
74$20,138,554$1,238,901$0$7,638,136
75$22,075,213$1,182,134$0$8,294,769
76$24,205,711$1,118,884$0$9,016,812
77$26,549,702$1,048,719$0$9,810,998
78$29,128,844$971,178$0$10,684,757
79$31,966,996$885,776$0$11,646,284
80$35,090,451$792,001$0$12,704,618
81$38,528,178$689,309$0$13,869,728
82$42,312,095$577,128$0$15,152,612
83$46,477,374$454,853$0$16,565,399
84$51,062,769$321,844$0$18,121,466
85$56,110,983$177,425$0$19,835,565
86$61,669,068$20,884$0$21,723,966
87$67,788,873$0$0$23,804,614
88$74,527,530$0$0$26,167,577
89$81,947,991$0$0$28,780,743
90$90,119,627$0$0$31,658,691
91$99,118,878$0$0$34,828,372
92$109,029,974$0$0$38,319,487
93$119,945,733$0$0$42,164,761
94$131,968,432$0$0$46,400,259
95$145,210,776$0$0$51,065,721
96$159,796,958$0$0$56,204,938
97$175,863,833$0$0$61,866,166
98$193,562,209$0$0$68,102,582
99$213,058,267$0$0$74,972,783
100$234,535,133$0$0$82,541,343