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

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$101,572$100,667$99,785$98,923$98,082$96,023
2 years$50,283$49,347$48,439$47,559$46,706$44,641
3 years$33,189$32,249$31,343$30,472$29,632$27,626
4 years$24,644$23,706$22,810$21,953$21,134$19,202
5 years$19,518$18,586$17,701$16,862$16,066$14,214
6 years$16,102$15,177$14,305$13,485$12,712$10,942
7 years$13,663$12,745$11,888$11,087$10,338$8,650
8 years$11,834$10,925$10,082$9,300$8,577$6,970
9 years$10,413$9,512$8,683$7,922$7,223$5,696
10 years$9,276$8,385$7,570$6,829$6,154$4,706
11 years$8,347$7,464$6,665$5,943$5,293$3,922
12 years$7,573$6,700$5,915$5,213$4,587$3,291
13 years$6,919$6,055$5,285$4,602$4,000$2,776
14 years$6,359$5,503$4,748$4,085$3,506$2,353
15 years$5,873$5,027$4,287$3,643$3,087$2,002
16 years$5,449$4,613$3,887$3,262$2,728$1,708
17 years$5,076$4,248$3,537$2,931$2,419$1,461
18 years$4,744$3,925$3,229$2,641$2,151$1,253
19 years$4,447$3,638$2,956$2,387$1,917$1,077
20 years$4,180$3,381$2,713$2,162$1,712$926
21 years$3,939$3,149$2,495$1,962$1,532$798
22 years$3,721$2,939$2,300$1,784$1,374$688
23 years$3,521$2,749$2,123$1,625$1,233$594
24 years$3,339$2,576$1,964$1,482$1,108$514
25 years$3,171$2,417$1,819$1,353$997$444
26 years$3,017$2,272$1,687$1,237$898$384
27 years$2,874$2,138$1,566$1,132$810$333
28 years$2,741$2,015$1,456$1,038$731$288
29 years$2,618$1,901$1,355$951$660$250
30 years$2,504$1,795$1,262$873$596$217
31 years$2,397$1,697$1,177$802$539$188
32 years$2,297$1,606$1,098$737$488$163
33 years$2,203$1,520$1,025$678$441$141
34 years$2,115$1,441$958$624$400$123
35 years$2,032$1,367$895$574$362$106
36 years$1,954$1,297$838$529$328$92
37 years$1,880$1,232$784$487$297$80
38 years$1,810$1,171$734$449$269$70
39 years$1,744$1,113$688$414$244$60
40 years$1,682$1,059$645$382$222$52
41 years$1,622$1,008$605$352$201$46
42 years$1,566$960$567$325$182$40
43 years$1,512$915$532$300$166$34
44 years$1,461$872$500$277$150$30
45 years$1,413$832$469$256$136$26
46 years$1,366$793$441$236$124$23
47 years$1,322$757$414$218$112$20
48 years$1,280$723$389$202$102$17
49 years$1,240$690$366$187$93$15
50 years$1,201$659$344$172$84$13

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 $6,887 every year, while hoping to spend $25,039 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: 67/10/23 Blend
40$1,230,000$1,230,000$1,230,000$1,230,000
41$1,362,564$1,297,374$1,278,309$1,445,415
42$1,474,904$1,334,304$1,294,491$1,538,813
43$1,597,864$1,372,204$1,310,376$1,637,418
44$1,732,500$1,411,096$1,325,927$1,744,672
45$1,879,976$1,451,001$1,341,107$1,861,426
46$2,041,573$1,491,940$1,355,874$1,988,619
47$2,218,704$1,533,935$1,370,186$2,127,286
48$2,412,921$1,577,008$1,383,997$2,278,565
49$2,625,938$1,621,180$1,397,260$2,443,712
50$2,859,640$1,666,474$1,409,924$2,624,110
51$3,116,105$1,712,912$1,421,938$2,821,282
52$3,397,619$1,760,516$1,433,244$3,036,906
53$3,706,703$1,809,309$1,443,785$3,272,832
54$4,046,134$1,859,312$1,453,498$3,531,097
55$4,418,968$1,910,547$1,462,320$3,813,946
56$4,828,576$1,963,037$1,470,181$4,123,852
57$5,278,669$2,016,804$1,477,009$4,463,541
58$5,773,334$2,071,869$1,482,731$4,836,017
59$6,317,078$2,128,253$1,487,265$5,244,589
60$6,914,861$2,185,979$1,490,530$5,692,903
61$7,572,151$2,245,066$1,492,437$6,184,977
62$8,294,972$2,305,536$1,492,896$6,725,239
63$9,089,961$2,367,409$1,491,809$7,318,570
64$9,964,429$2,430,704$1,489,076$7,970,344
65$10,926,432$2,495,440$1,484,592$8,686,489
66$11,984,847$2,561,635$1,478,244$9,473,533
67$13,149,453$2,629,308$1,469,918$10,338,671
68$14,431,028$2,698,474$1,459,490$11,289,833
69$15,841,443$2,769,150$1,446,834$12,335,756
70$17,393,782$2,841,350$1,431,814$13,486,071
71$19,102,459$2,915,087$1,414,292$14,751,388
72$20,983,359$2,990,376$1,394,119$16,143,401
73$23,053,983$3,067,225$1,371,143$17,674,997
74$25,333,615$3,145,645$1,345,203$19,360,379
75$27,843,506$3,225,644$1,316,129$21,215,196
76$30,607,070$3,307,227$1,283,747$23,256,696
77$33,650,109$3,390,399$1,247,870$25,503,885
78$37,001,054$3,475,162$1,208,307$27,977,709
79$40,691,231$3,561,515$1,164,855$30,701,252
80$44,755,163$3,649,455$1,117,304$33,699,951
81$49,230,889$3,738,978$1,065,433$37,001,840
82$54,160,326$3,830,074$1,009,011$40,637,813
83$59,589,664$3,922,732$947,797$44,641,914
84$65,569,801$4,016,938$881,540$49,051,663
85$72,156,825$4,112,672$809,976$53,908,408
86$79,412,541$4,209,913$732,830$59,257,714
87$87,405,055$4,308,634$649,815$65,149,795
88$96,209,417$4,408,803$560,631$71,639,990
89$105,908,330$4,510,386$464,963$78,789,284
90$116,592,926$4,613,342$362,486$86,664,881
91$128,363,632$4,717,624$252,857$95,340,845
92$141,331,115$4,823,179$135,720$104,898,795
93$155,617,324$4,929,950$10,702$115,428,678
94$171,356,645$5,037,872$0$127,029,617
95$188,697,167$5,146,872$0$139,840,963
96$207,802,080$5,256,871$0$153,957,742
97$228,851,215$5,367,780$0$169,510,093
98$252,042,741$5,479,504$0$186,644,320
99$277,595,037$5,591,936$0$205,521,649
100$305,748,751$5,704,961$0$226,319,748