Can I retire at age 41 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$101,572$100,667$99,785$98,923$98,082$97,587
2 years$50,283$49,347$48,439$47,559$46,706$46,206
3 years$33,189$32,249$31,343$30,472$29,632$29,143
4 years$24,644$23,706$22,810$21,953$21,134$20,659
5 years$19,518$18,586$17,701$16,862$16,066$15,607
6 years$16,102$15,177$14,305$13,485$12,712$12,271
7 years$13,663$12,745$11,888$11,087$10,338$9,914
8 years$11,834$10,925$10,082$9,300$8,577$8,169
9 years$10,413$9,512$8,683$7,922$7,223$6,832
10 years$9,276$8,385$7,570$6,829$6,154$5,780
11 years$8,347$7,464$6,665$5,943$5,293$4,935
12 years$7,573$6,700$5,915$5,213$4,587$4,245
13 years$6,919$6,055$5,285$4,602$4,000$3,674
14 years$6,359$5,503$4,748$4,085$3,506$3,195
15 years$5,873$5,027$4,287$3,643$3,087$2,791
16 years$5,449$4,613$3,887$3,262$2,728$2,447
17 years$5,076$4,248$3,537$2,931$2,419$2,152
18 years$4,744$3,925$3,229$2,641$2,151$1,898
19 years$4,447$3,638$2,956$2,387$1,917$1,677
20 years$4,180$3,381$2,713$2,162$1,712$1,485
21 years$3,939$3,149$2,495$1,962$1,532$1,318
22 years$3,721$2,939$2,300$1,784$1,374$1,171
23 years$3,521$2,749$2,123$1,625$1,233$1,042
24 years$3,339$2,576$1,964$1,482$1,108$928
25 years$3,171$2,417$1,819$1,353$997$827
26 years$3,017$2,272$1,687$1,237$898$738
27 years$2,874$2,138$1,566$1,132$810$660
28 years$2,741$2,015$1,456$1,038$731$590
29 years$2,618$1,901$1,355$951$660$527
30 years$2,504$1,795$1,262$873$596$472
31 years$2,397$1,697$1,177$802$539$423
32 years$2,297$1,606$1,098$737$488$378
33 years$2,203$1,520$1,025$678$441$339
34 years$2,115$1,441$958$624$400$304
35 years$2,032$1,367$895$574$362$273
36 years$1,954$1,297$838$529$328$245
37 years$1,880$1,232$784$487$297$219
38 years$1,810$1,171$734$449$269$197
39 years$1,744$1,113$688$414$244$177
40 years$1,682$1,059$645$382$222$159
41 years$1,622$1,008$605$352$201$143
42 years$1,566$960$567$325$182$128
43 years$1,512$915$532$300$166$115
44 years$1,461$872$500$277$150$103
45 years$1,413$832$469$256$136$93
46 years$1,366$793$441$236$124$83
47 years$1,322$757$414$218$112$75
48 years$1,280$723$389$202$102$67
49 years$1,240$690$366$187$93$61
50 years$1,201$659$344$172$84$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,230,000, adding $3,110 every year, while hoping to spend $40,595 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: 64/30/6 Blend
40$1,230,000$1,230,000$1,230,000$1,230,000
41$1,358,668$1,293,478$1,274,413$1,444,062
42$1,454,059$1,313,666$1,273,913$1,521,466
43$1,557,820$1,333,482$1,272,036$1,600,878
44$1,670,761$1,352,866$1,268,692$1,686,541
45$1,793,774$1,371,752$1,263,789$1,779,058
46$1,927,841$1,390,070$1,257,228$1,879,093
47$2,074,043$1,407,745$1,248,908$1,987,379
48$2,233,569$1,424,698$1,238,719$2,104,723
49$2,407,728$1,440,843$1,226,551$2,232,014
50$2,597,960$1,456,088$1,212,284$2,370,232
51$2,805,852$1,470,337$1,195,796$2,520,459
52$3,033,150$1,483,485$1,176,957$2,683,885
53$3,281,778$1,495,422$1,155,631$2,861,824
54$3,553,852$1,506,030$1,131,677$3,055,722
55$3,851,703$1,515,184$1,104,947$3,267,176
56$4,177,900$1,522,751$1,075,285$3,497,944
57$4,535,267$1,528,587$1,042,529$3,749,966
58$4,926,920$1,532,544$1,006,509$4,025,380
59$5,356,287$1,534,459$967,048$4,326,543
60$5,827,144$1,534,163$923,960$4,656,053
61$6,343,650$1,531,475$877,050$5,016,775
62$6,910,388$1,526,203$826,117$5,411,867
63$7,532,402$1,518,142$770,947$5,844,811
64$8,215,253$1,507,076$711,319$6,319,446
65$8,965,063$1,492,777$647,002$6,840,004
66$9,788,576$1,475,000$577,754$7,411,151
67$10,693,224$1,453,488$503,322$8,038,031
68$11,687,192$1,427,968$423,442$8,726,314
69$12,779,497$1,398,150$337,839$9,482,253
70$13,980,074$1,363,728$246,225$10,312,740
71$15,299,868$1,324,376$148,300$11,225,373
72$16,750,936$1,279,752$43,749$12,228,530
73$18,346,563$1,229,492$0$13,331,445
74$20,101,385$1,173,210$0$14,548,642
75$22,031,529$1,110,499$0$15,890,272
76$24,154,761$1,040,930$0$17,365,928
77$26,490,657$964,046$0$18,989,271
78$29,060,786$879,367$0$20,775,364
79$31,888,913$786,383$0$22,740,806
80$35,001,223$684,556$0$24,903,897
81$38,426,567$573,318$0$27,284,805
82$42,196,735$452,070$0$29,905,764
83$46,346,757$320,175$0$32,791,277
84$50,915,228$176,966$0$35,968,358
85$55,944,677$21,734$0$39,466,776
86$61,481,968$0$0$43,319,350
87$67,578,737$0$0$47,610,535
88$74,291,883$0$0$52,343,563
89$81,684,103$0$0$57,555,478
90$89,824,485$0$0$63,295,004
91$98,789,157$0$0$69,615,831
92$108,662,006$0$0$76,577,122
93$119,535,472$0$0$84,244,069
94$131,511,414$0$0$92,688,511
95$144,702,077$0$0$101,989,610
96$159,231,147$0$0$112,234,598
97$175,234,920$0$0$123,519,599
98$192,863,587$0$0$135,950,537
99$212,282,651$0$0$149,644,138
100$233,674,490$0$0$164,729,025