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%14%
1 years$101,572$100,667$99,785$98,923$98,082$96,457
2 years$50,283$49,347$48,439$47,559$46,706$45,073
3 years$33,189$32,249$31,343$30,472$29,632$28,043
4 years$24,644$23,706$22,810$21,953$21,134$19,601
5 years$19,518$18,586$17,701$16,862$16,066$14,592
6 years$16,102$15,177$14,305$13,485$12,712$11,301
7 years$13,663$12,745$11,888$11,087$10,338$8,989
8 years$11,834$10,925$10,082$9,300$8,577$7,289
9 years$10,413$9,512$8,683$7,922$7,223$5,997
10 years$9,276$8,385$7,570$6,829$6,154$4,988
11 years$8,347$7,464$6,665$5,943$5,293$4,186
12 years$7,573$6,700$5,915$5,213$4,587$3,537
13 years$6,919$6,055$5,285$4,602$4,000$3,006
14 years$6,359$5,503$4,748$4,085$3,506$2,567
15 years$5,873$5,027$4,287$3,643$3,087$2,200
16 years$5,449$4,613$3,887$3,262$2,728$1,892
17 years$5,076$4,248$3,537$2,931$2,419$1,632
18 years$4,744$3,925$3,229$2,641$2,151$1,410
19 years$4,447$3,638$2,956$2,387$1,917$1,221
20 years$4,180$3,381$2,713$2,162$1,712$1,060
21 years$3,939$3,149$2,495$1,962$1,532$921
22 years$3,721$2,939$2,300$1,784$1,374$801
23 years$3,521$2,749$2,123$1,625$1,233$697
24 years$3,339$2,576$1,964$1,482$1,108$608
25 years$3,171$2,417$1,819$1,353$997$530
26 years$3,017$2,272$1,687$1,237$898$463
27 years$2,874$2,138$1,566$1,132$810$404
28 years$2,741$2,015$1,456$1,038$731$353
29 years$2,618$1,901$1,355$951$660$309
30 years$2,504$1,795$1,262$873$596$270
31 years$2,397$1,697$1,177$802$539$237
32 years$2,297$1,606$1,098$737$488$207
33 years$2,203$1,520$1,025$678$441$181
34 years$2,115$1,441$958$624$400$159
35 years$2,032$1,367$895$574$362$139
36 years$1,954$1,297$838$529$328$122
37 years$1,880$1,232$784$487$297$107
38 years$1,810$1,171$734$449$269$94
39 years$1,744$1,113$688$414$244$82
40 years$1,682$1,059$645$382$222$72
41 years$1,622$1,008$605$352$201$63
42 years$1,566$960$567$325$182$55
43 years$1,512$915$532$300$166$48
44 years$1,461$872$500$277$150$42
45 years$1,413$832$469$256$136$37
46 years$1,366$793$441$236$124$33
47 years$1,322$757$414$218$112$29
48 years$1,280$723$389$202$102$25
49 years$1,240$690$366$187$93$22
50 years$1,201$659$344$172$84$19

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 $5,031 every year, while hoping to spend $58,685 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: 43/38/19 Blend
40$1,230,000$1,230,000$1,230,000$1,230,000
41$1,360,649$1,295,459$1,276,394$1,411,435
42$1,436,995$1,296,497$1,256,713$1,448,817
43$1,519,162$1,295,618$1,234,406$1,483,157
44$1,607,680$1,292,667$1,209,322$1,519,141
45$1,703,135$1,287,479$1,181,306$1,556,947
46$1,806,167$1,279,878$1,150,192$1,596,779
47$1,917,482$1,269,678$1,115,810$1,638,862
48$2,037,854$1,256,681$1,077,978$1,683,451
49$2,168,135$1,240,678$1,036,510$1,730,827
50$2,309,261$1,221,447$991,210$1,781,308
51$2,462,261$1,198,754$941,871$1,835,247
52$2,628,267$1,172,348$888,278$1,893,040
53$2,808,523$1,141,966$830,209$1,955,128
54$3,004,399$1,107,329$767,428$2,022,001
55$3,217,401$1,068,141$699,689$2,094,208
56$3,449,185$1,024,090$626,738$2,172,359
57$3,701,575$974,843$548,307$2,257,134
58$3,976,577$920,051$464,117$2,349,288
59$4,276,398$859,345$373,875$2,449,665
60$4,603,469$792,331$277,278$2,559,199
61$4,960,463$718,596$174,008$2,678,930
62$5,350,326$637,702$63,732$2,810,014
63$5,776,297$549,187$0$2,953,735
64$6,241,944$452,563$0$3,122,455
65$6,751,197$347,312$0$3,321,318
66$7,308,379$232,891$0$3,539,222
67$7,918,253$108,722$0$3,778,193
68$8,586,064$0$0$4,040,474
69$9,317,586$0$0$4,339,332
70$10,119,180$0$0$4,716,785
71$10,997,849$0$0$5,130,685
72$11,961,307$0$0$5,584,685
73$13,018,050$0$0$6,082,810
74$14,177,438$0$0$6,629,490
75$15,449,776$0$0$7,229,609
76$16,846,420$0$0$7,888,542
77$18,379,875$0$0$8,612,215
78$20,063,919$0$0$9,407,152
79$21,913,728$0$0$10,280,542
80$23,946,022$0$0$11,240,305
81$26,179,218$0$0$12,295,164
82$28,633,607$0$0$13,454,732
83$31,331,543$0$0$14,729,598
84$34,297,654$0$0$16,131,429
85$37,559,072$0$0$17,673,077
86$41,145,692$0$0$19,368,706
87$45,090,448$0$0$21,233,917
88$49,429,627$0$0$23,285,903
89$54,203,212$0$0$25,543,603
90$59,455,252$0$0$28,027,890
91$65,234,285$0$0$30,761,757
92$71,593,790$0$0$33,770,541
93$78,592,690$0$0$37,082,161
94$86,295,913$0$0$40,727,378
95$94,774,997$0$0$44,740,085
96$104,108,771$0$0$49,157,632
97$114,384,091$0$0$54,021,172
98$125,696,666$0$0$59,376,051
99$138,151,952$0$0$65,272,236
100$151,866,157$0$0$71,764,787