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%16%
1 years$100,746$99,849$98,974$98,119$97,285$94,894
2 years$49,874$48,946$48,045$47,173$46,326$43,932
3 years$32,919$31,987$31,089$30,224$29,391$27,069
4 years$24,443$23,513$22,625$21,775$20,962$18,730
5 years$19,359$18,435$17,558$16,725$15,935$13,799
6 years$15,971$15,053$14,189$13,375$12,609$10,570
7 years$13,552$12,642$11,791$10,996$10,254$8,314
8 years$11,738$10,836$10,000$9,225$8,507$6,664
9 years$10,328$9,435$8,613$7,857$7,164$5,417
10 years$9,201$8,317$7,509$6,773$6,104$4,451
11 years$8,279$7,404$6,611$5,895$5,250$3,688
12 years$7,512$6,645$5,867$5,170$4,549$3,076
13 years$6,863$6,005$5,242$4,565$3,967$2,580
14 years$6,307$5,459$4,710$4,052$3,478$2,173
15 years$5,826$4,987$4,252$3,614$3,062$1,837
16 years$5,405$4,575$3,855$3,236$2,706$1,558
17 years$5,034$4,213$3,508$2,907$2,399$1,324
18 years$4,705$3,893$3,202$2,620$2,133$1,128
19 years$4,411$3,608$2,932$2,367$1,902$962
20 years$4,146$3,353$2,691$2,144$1,699$822
21 years$3,907$3,123$2,475$1,946$1,520$704
22 years$3,690$2,915$2,281$1,769$1,362$603
23 years$3,493$2,727$2,106$1,611$1,223$517
24 years$3,312$2,555$1,948$1,470$1,099$443
25 years$3,145$2,398$1,804$1,342$989$381
26 years$2,992$2,253$1,673$1,227$891$327
27 years$2,850$2,121$1,554$1,123$803$281
28 years$2,719$1,998$1,444$1,029$725$242
29 years$2,597$1,885$1,344$944$655$208
30 years$2,483$1,780$1,252$866$591$179
31 years$2,377$1,683$1,167$795$535$154
32 years$2,278$1,592$1,089$731$484$133
33 years$2,185$1,508$1,017$672$438$114
34 years$2,097$1,429$950$619$396$98
35 years$2,015$1,356$888$569$359$85
36 years$1,938$1,287$831$524$325$73
37 years$1,864$1,222$778$483$295$63
38 years$1,795$1,161$728$445$267$54
39 years$1,730$1,104$682$411$242$47
40 years$1,668$1,051$640$379$220$40
41 years$1,609$1,000$600$349$199$35
42 years$1,553$953$563$323$181$30
43 years$1,500$908$528$298$164$26
44 years$1,450$865$495$275$149$22
45 years$1,401$825$465$254$135$19
46 years$1,355$787$437$234$123$16
47 years$1,312$751$411$217$112$14
48 years$1,270$717$386$200$101$12
49 years$1,230$685$363$185$92$11
50 years$1,191$654$341$171$84$9

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 $5,660 every year, while hoping to spend $32,995 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: 64/23/13 Blend
40$1,220,000$1,220,000$1,220,000$1,220,000
41$1,350,278$1,285,618$1,266,708$1,432,222
42$1,452,900$1,313,507$1,274,037$1,515,625
43$1,564,884$1,341,657$1,280,505$1,602,355
44$1,687,149$1,370,045$1,286,048$1,696,272
45$1,820,709$1,398,648$1,290,602$1,798,077
46$1,966,678$1,427,438$1,294,093$1,908,540
47$2,126,284$1,456,387$1,296,450$2,028,509
48$2,300,878$1,485,464$1,297,595$2,158,921
49$2,491,949$1,514,633$1,297,446$2,300,805
50$2,701,135$1,543,857$1,295,918$2,455,296
51$2,930,241$1,573,097$1,292,921$2,623,647
52$3,181,254$1,602,307$1,288,362$2,807,234
53$3,456,362$1,631,440$1,282,143$3,007,578
54$3,757,976$1,660,445$1,274,159$3,226,352
55$4,088,750$1,689,268$1,264,304$3,465,400
56$4,451,608$1,717,847$1,252,464$3,726,755
57$4,849,770$1,746,120$1,238,520$4,012,657
58$5,286,784$1,774,017$1,222,347$4,325,574
59$5,766,557$1,801,465$1,203,817$4,668,228
60$6,293,394$1,828,384$1,182,792$5,043,617
61$6,872,035$1,854,690$1,159,131$5,455,045
62$7,507,704$1,880,291$1,132,683$5,906,154
63$8,206,154$1,905,091$1,103,293$6,400,958
64$8,973,726$1,928,984$1,070,797$6,943,882
65$9,817,402$1,951,860$1,035,025$7,539,800
66$10,744,877$1,973,601$995,798$8,194,087
67$11,764,626$1,994,079$952,928$8,912,665
68$12,885,988$2,013,159$906,222$9,702,061
69$14,119,252$2,030,697$855,474$10,569,472
70$15,475,754$2,046,540$800,471$11,522,825
71$16,967,985$2,060,524$740,990$12,570,860
72$18,609,704$2,072,474$676,798$13,723,211
73$20,416,075$2,082,207$607,652$14,990,493
74$22,403,803$2,089,523$533,297$16,384,407
75$24,591,296$2,094,215$453,467$17,917,850
76$26,998,836$2,096,060$367,886$19,605,036
77$29,648,771$2,094,820$276,264$21,461,630
78$32,565,725$2,090,245$178,298$23,504,898
79$35,776,830$2,082,069$73,673$25,753,870
80$39,311,985$2,070,009$0$28,229,520
81$43,204,132$2,053,763$0$30,960,232
82$47,489,571$2,033,015$0$33,977,462
83$52,208,301$2,007,427$0$37,299,110
84$57,404,398$1,976,641$0$40,956,175
85$63,126,428$1,940,278$0$44,982,818
86$69,427,909$1,897,937$0$49,416,686
87$76,367,813$1,849,193$0$54,299,270
88$84,011,122$1,793,595$0$59,676,290
89$92,429,443$1,730,668$0$65,598,135
90$101,701,682$1,659,906$0$72,120,333
91$111,914,789$1,580,777$0$79,304,079
92$123,164,578$1,492,716$0$87,216,814
93$135,556,632$1,395,126$0$95,932,858
94$149,207,297$1,287,377$0$105,534,115
95$164,244,783$1,168,799$0$116,110,847
96$180,810,370$1,038,690$0$127,762,527
97$199,059,744$896,302$0$140,598,776
98$219,164,467$740,849$0$154,740,403
99$241,313,590$571,499$0$170,320,542
100$265,715,446$387,372$0$187,485,913