Can I retire at age 41 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$102,398$101,486$100,596$99,727$98,879$94,956
2 years$50,692$49,748$48,833$47,946$47,085$43,182
3 years$33,459$32,511$31,598$30,719$29,873$26,111
4 years$24,844$23,899$22,995$22,132$21,306$17,715
5 years$19,677$18,737$17,845$16,999$16,196$12,785
6 years$16,233$15,300$14,422$13,594$12,815$9,587
7 years$13,774$12,849$11,985$11,177$10,422$7,375
8 years$11,930$11,014$10,164$9,376$8,646$5,776
9 years$10,497$9,590$8,754$7,986$7,282$4,585
10 years$9,352$8,453$7,632$6,884$6,204$3,676
11 years$8,415$7,525$6,719$5,991$5,336$2,970
12 years$7,635$6,754$5,963$5,255$4,624$2,414
13 years$6,975$6,104$5,328$4,640$4,032$1,972
14 years$6,410$5,548$4,787$4,118$3,535$1,616
15 years$5,921$5,068$4,322$3,673$3,112$1,329
16 years$5,494$4,650$3,918$3,289$2,750$1,096
17 years$5,117$4,283$3,566$2,955$2,439$905
18 years$4,782$3,957$3,255$2,663$2,168$749
19 years$4,483$3,668$2,980$2,406$1,933$621
20 years$4,214$3,408$2,735$2,179$1,726$515
21 years$3,971$3,174$2,515$1,978$1,545$427
22 years$3,751$2,963$2,318$1,798$1,385$355
23 years$3,550$2,771$2,141$1,638$1,243$295
24 years$3,366$2,597$1,980$1,494$1,117$246
25 years$3,197$2,437$1,834$1,364$1,005$204
26 years$3,041$2,290$1,701$1,247$906$170
27 years$2,897$2,155$1,579$1,142$817$142
28 years$2,764$2,031$1,468$1,046$737$118
29 years$2,640$1,916$1,366$959$665$98
30 years$2,524$1,810$1,272$880$601$82
31 years$2,416$1,711$1,186$809$543$68
32 years$2,315$1,619$1,107$743$492$57
33 years$2,221$1,533$1,033$683$445$47
34 years$2,132$1,453$966$629$403$40
35 years$2,048$1,378$903$579$365$33
36 years$1,969$1,308$844$533$331$28
37 years$1,895$1,242$790$491$300$23
38 years$1,825$1,180$740$453$272$19
39 years$1,758$1,123$693$417$246$16
40 years$1,695$1,068$650$385$223$13
41 years$1,635$1,017$609$355$203$11
42 years$1,579$968$572$328$184$9
43 years$1,525$922$536$303$167$8
44 years$1,473$879$504$279$152$6
45 years$1,424$839$473$258$138$5
46 years$1,378$800$444$238$125$4
47 years$1,333$763$417$220$113$4
48 years$1,290$729$392$203$103$3
49 years$1,250$696$369$188$94$3
50 years$1,211$665$346$174$85$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,240,000, adding $4,367 every year, while hoping to spend $38,811 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: 55/34/11 Blend
40$1,240,000$1,240,000$1,240,000$1,240,000
41$1,370,985$1,305,265$1,286,045$1,442,349
42$1,469,530$1,327,928$1,287,832$1,513,865
43$1,576,827$1,350,401$1,288,379$1,587,075
44$1,693,726$1,372,634$1,287,603$1,665,871
45$1,821,165$1,394,571$1,285,417$1,750,793
46$1,960,175$1,416,157$1,281,729$1,842,436
47$2,111,892$1,437,327$1,276,446$1,941,454
48$2,277,564$1,458,016$1,269,466$2,048,569
49$2,458,569$1,478,151$1,260,686$2,164,579
50$2,656,420$1,497,657$1,249,996$2,290,362
51$2,872,784$1,516,452$1,237,281$2,426,886
52$3,109,498$1,534,448$1,222,419$2,575,218
53$3,368,583$1,551,552$1,205,287$2,736,538
54$3,652,265$1,567,665$1,185,750$2,912,143
55$3,962,995$1,582,680$1,163,672$3,103,467
56$4,303,473$1,596,484$1,138,908$3,312,087
57$4,676,672$1,608,956$1,111,306$3,539,747
58$5,085,866$1,619,968$1,080,708$3,788,367
59$5,534,661$1,629,383$1,046,948$4,060,065
60$6,027,030$1,637,056$1,009,854$4,357,177
61$6,567,346$1,642,831$969,244$4,682,280
62$7,160,430$1,646,545$924,928$5,038,214
63$7,811,590$1,648,022$876,709$5,428,111
64$8,526,673$1,647,076$824,380$5,855,428
65$9,312,121$1,643,510$767,724$6,323,972
66$10,175,031$1,637,115$706,516$6,837,945
67$11,123,219$1,627,668$640,519$7,401,979
68$12,165,297$1,614,934$569,487$8,021,182
69$13,310,755$1,598,663$493,161$8,701,186
70$14,570,043$1,578,589$411,274$9,448,201
71$15,954,679$1,554,432$323,543$10,269,077
72$17,477,351$1,525,893$229,676$11,171,363
73$19,152,037$1,492,658$129,367$12,163,384
74$20,994,139$1,454,392$22,294$13,254,322
75$23,020,625$1,410,742$0$14,454,296
76$25,250,194$1,361,334$0$15,785,262
77$27,703,445$1,305,770$0$17,252,221
78$30,403,076$1,243,632$0$18,866,161
79$33,374,096$1,174,477$0$20,642,084
80$36,644,063$1,097,835$0$22,596,523
81$40,243,339$1,013,211$0$24,747,705
82$44,205,381$920,079$0$27,115,720
83$48,567,054$817,887$0$29,722,715
84$53,368,978$706,049$0$32,593,100
85$58,655,914$583,945$0$35,753,784
86$64,477,180$450,921$0$39,234,425
87$70,887,125$306,288$0$43,067,718
88$77,945,632$149,317$0$47,289,698
89$85,718,689$0$0$51,940,085
90$94,279,009$0$0$57,070,430
91$103,706,719$0$0$62,782,294
92$114,090,109$0$0$69,073,325
93$125,526,472$0$0$76,002,489
94$138,123,018$0$0$83,634,764
95$151,997,887$0$0$92,041,751
96$167,281,261$0$0$101,302,353
97$184,116,597$0$0$111,503,515
98$202,661,975$0$0$122,741,047
99$223,091,594$0$0$135,120,530
100$245,597,415$0$0$148,758,306