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%16.2%
1 years$101,572$100,667$99,785$98,923$98,082$95,594
2 years$50,283$49,347$48,439$47,559$46,706$44,216
3 years$33,189$32,249$31,343$30,472$29,632$27,217
4 years$24,644$23,706$22,810$21,953$21,134$18,813
5 years$19,518$18,586$17,701$16,862$16,066$13,845
6 years$16,102$15,177$14,305$13,485$12,712$10,595
7 years$13,663$12,745$11,888$11,087$10,338$8,324
8 years$11,834$10,925$10,082$9,300$8,577$6,664
9 years$10,413$9,512$8,683$7,922$7,223$5,410
10 years$9,276$8,385$7,570$6,829$6,154$4,440
11 years$8,347$7,464$6,665$5,943$5,293$3,674
12 years$7,573$6,700$5,915$5,213$4,587$3,061
13 years$6,919$6,055$5,285$4,602$4,000$2,563
14 years$6,359$5,503$4,748$4,085$3,506$2,156
15 years$5,873$5,027$4,287$3,643$3,087$1,820
16 years$5,449$4,613$3,887$3,262$2,728$1,541
17 years$5,076$4,248$3,537$2,931$2,419$1,308
18 years$4,744$3,925$3,229$2,641$2,151$1,113
19 years$4,447$3,638$2,956$2,387$1,917$948
20 years$4,180$3,381$2,713$2,162$1,712$809
21 years$3,939$3,149$2,495$1,962$1,532$691
22 years$3,721$2,939$2,300$1,784$1,374$591
23 years$3,521$2,749$2,123$1,625$1,233$506
24 years$3,339$2,576$1,964$1,482$1,108$434
25 years$3,171$2,417$1,819$1,353$997$372
26 years$3,017$2,272$1,687$1,237$898$319
27 years$2,874$2,138$1,566$1,132$810$274
28 years$2,741$2,015$1,456$1,038$731$235
29 years$2,618$1,901$1,355$951$660$202
30 years$2,504$1,795$1,262$873$596$173
31 years$2,397$1,697$1,177$802$539$149
32 years$2,297$1,606$1,098$737$488$128
33 years$2,203$1,520$1,025$678$441$110
34 years$2,115$1,441$958$624$400$95
35 years$2,032$1,367$895$574$362$81
36 years$1,954$1,297$838$529$328$70
37 years$1,880$1,232$784$487$297$60
38 years$1,810$1,171$734$449$269$52
39 years$1,744$1,113$688$414$244$44
40 years$1,682$1,059$645$382$222$38
41 years$1,622$1,008$605$352$201$33
42 years$1,566$960$567$325$182$28
43 years$1,512$915$532$300$166$24
44 years$1,461$872$500$277$150$21
45 years$1,413$832$469$256$136$18
46 years$1,366$793$441$236$124$16
47 years$1,322$757$414$218$112$13
48 years$1,280$723$389$202$102$11
49 years$1,240$690$366$187$93$10
50 years$1,201$659$344$172$84$9

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 $3,402 every year, while hoping to spend $59,550 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: 51/30/19 Blend
40$1,230,000$1,230,000$1,230,000$1,230,000
41$1,358,969$1,293,779$1,274,714$1,420,973
42$1,434,223$1,293,814$1,254,056$1,464,109
43$1,515,157$1,291,854$1,230,711$1,504,540
44$1,602,288$1,287,739$1,204,524$1,547,223
45$1,696,183$1,281,300$1,175,337$1,592,391
46$1,797,464$1,272,354$1,142,981$1,640,304
47$1,906,816$1,260,710$1,107,282$1,691,253
48$2,024,992$1,246,166$1,068,057$1,745,561
49$2,152,818$1,228,504$1,025,113$1,803,587
50$2,291,202$1,207,498$978,251$1,865,730
51$2,441,143$1,182,904$927,261$1,932,434
52$2,603,740$1,154,466$871,924$2,004,194
53$2,780,200$1,121,914$812,012$2,081,558
54$2,971,852$1,084,959$747,286$2,165,136
55$3,180,156$1,043,297$677,496$2,255,604
56$3,406,721$996,608$602,381$2,353,713
57$3,653,314$944,549$521,668$2,460,296
58$3,921,881$886,761$435,073$2,576,278
59$4,214,564$822,864$342,299$2,702,686
60$4,533,719$752,454$243,036$2,840,655
61$4,881,941$675,106$136,960$2,991,446
62$5,262,082$590,370$23,731$3,156,455
63$5,677,287$497,770$0$3,337,232
64$6,131,015$396,806$0$3,555,174
65$6,627,074$286,945$0$3,798,909
66$7,169,659$167,628$0$4,065,801
67$7,763,385$38,263$0$4,358,259
68$8,413,338$0$0$4,678,941
69$9,125,116$0$0$5,064,385
70$9,904,884$0$0$5,500,611
71$10,759,433$0$0$5,978,801
72$11,696,239$0$0$6,503,156
73$12,723,538$0$0$7,078,302
74$13,850,402$0$0$7,709,336
75$15,086,822$0$0$8,401,870
76$16,443,802$0$0$9,162,088
77$17,933,466$0$0$9,996,799
78$19,569,165$0$0$10,913,507
79$21,365,610$0$0$11,920,475
80$23,339,005$0$0$13,026,808
81$25,507,200$0$0$14,242,537
82$27,889,861$0$0$15,578,710
83$30,508,653$0$0$17,047,501
84$33,387,443$0$0$18,662,321
85$36,552,527$0$0$20,437,946
86$40,032,877$0$0$22,390,655
87$43,860,410$0$0$24,538,383
88$48,070,292$0$0$26,900,892
89$52,701,271$0$0$29,499,954
90$57,796,035$0$0$32,359,558
91$63,401,621$0$0$35,506,136
92$69,569,855$0$0$38,968,811
93$76,357,838$0$0$42,779,672
94$83,828,489$0$0$46,974,076
95$92,051,134$0$0$51,590,982
96$101,102,161$0$0$56,673,317
97$111,065,740$0$0$62,268,382
98$122,034,616$0$0$68,428,296
99$134,110,982$0$0$75,210,491
100$147,407,446$0$0$82,678,249