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

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$102,398$101,486$100,596$99,727$98,879$95,220
2 years$50,692$49,748$48,833$47,946$47,085$43,440
3 years$33,459$32,511$31,598$30,719$29,873$26,356
4 years$24,844$23,899$22,995$22,132$21,306$17,944
5 years$19,677$18,737$17,845$16,999$16,196$12,999
6 years$16,233$15,300$14,422$13,594$12,815$9,784
7 years$13,774$12,849$11,985$11,177$10,422$7,557
8 years$11,930$11,014$10,164$9,376$8,646$5,944
9 years$10,497$9,590$8,754$7,986$7,282$4,738
10 years$9,352$8,453$7,632$6,884$6,204$3,816
11 years$8,415$7,525$6,719$5,991$5,336$3,097
12 years$7,635$6,754$5,963$5,255$4,624$2,529
13 years$6,975$6,104$5,328$4,640$4,032$2,076
14 years$6,410$5,548$4,787$4,118$3,535$1,710
15 years$5,921$5,068$4,322$3,673$3,112$1,413
16 years$5,494$4,650$3,918$3,289$2,750$1,171
17 years$5,117$4,283$3,566$2,955$2,439$972
18 years$4,782$3,957$3,255$2,663$2,168$809
19 years$4,483$3,668$2,980$2,406$1,933$674
20 years$4,214$3,408$2,735$2,179$1,726$562
21 years$3,971$3,174$2,515$1,978$1,545$469
22 years$3,751$2,963$2,318$1,798$1,385$392
23 years$3,550$2,771$2,141$1,638$1,243$328
24 years$3,366$2,597$1,980$1,494$1,117$274
25 years$3,197$2,437$1,834$1,364$1,005$229
26 years$3,041$2,290$1,701$1,247$906$192
27 years$2,897$2,155$1,579$1,142$817$161
28 years$2,764$2,031$1,468$1,046$737$135
29 years$2,640$1,916$1,366$959$665$113
30 years$2,524$1,810$1,272$880$601$95
31 years$2,416$1,711$1,186$809$543$79
32 years$2,315$1,619$1,107$743$492$66
33 years$2,221$1,533$1,033$683$445$56
34 years$2,132$1,453$966$629$403$47
35 years$2,048$1,378$903$579$365$39
36 years$1,969$1,308$844$533$331$33
37 years$1,895$1,242$790$491$300$28
38 years$1,825$1,180$740$453$272$23
39 years$1,758$1,123$693$417$246$19
40 years$1,695$1,068$650$385$223$16
41 years$1,635$1,017$609$355$203$14
42 years$1,579$968$572$328$184$11
43 years$1,525$922$536$303$167$10
44 years$1,473$879$504$279$152$8
45 years$1,424$839$473$258$138$7
46 years$1,378$800$444$238$125$6
47 years$1,333$763$417$220$113$5
48 years$1,290$729$392$203$103$4
49 years$1,250$696$369$188$94$3
50 years$1,211$665$346$174$85$3

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 $3,144 every year, while hoping to spend $21,905 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: 27/43/30 Blend
40$1,240,000$1,240,000$1,240,000$1,240,000
41$1,369,723$1,304,003$1,284,783$1,393,901
42$1,486,128$1,344,592$1,304,517$1,454,520
43$1,613,672$1,386,437$1,324,177$1,517,483
44$1,753,469$1,429,574$1,343,739$1,584,646
45$1,906,743$1,474,044$1,363,175$1,656,382
46$2,074,846$1,519,887$1,382,456$1,733,103
47$2,259,264$1,567,145$1,401,552$1,815,261
48$2,461,635$1,615,861$1,420,430$1,903,353
49$2,683,764$1,666,081$1,439,057$1,997,924
50$2,927,638$1,717,849$1,457,395$2,099,577
51$3,195,446$1,771,212$1,475,407$2,208,971
52$3,489,600$1,826,220$1,493,052$2,326,834
53$3,812,757$1,882,922$1,510,286$2,453,965
54$4,167,843$1,941,370$1,527,066$2,591,244
55$4,558,082$2,001,617$1,543,342$2,739,640
56$4,987,027$2,063,717$1,559,065$2,900,220
57$5,458,592$2,127,727$1,574,181$3,074,155
58$5,977,086$2,193,704$1,588,634$3,262,738
59$6,547,262$2,261,708$1,602,366$3,467,391
60$7,174,351$2,331,800$1,615,314$3,689,679
61$7,864,121$2,404,044$1,627,413$3,931,327
62$8,622,923$2,478,505$1,638,594$4,194,232
63$9,457,759$2,555,249$1,648,784$4,480,485
64$10,376,339$2,634,345$1,657,907$4,792,389
65$11,387,162$2,715,864$1,665,883$5,132,478
66$12,499,591$2,799,880$1,672,628$5,503,546
67$13,723,942$2,886,466$1,678,054$5,908,669
68$15,071,583$2,975,702$1,682,068$6,351,236
69$16,555,038$3,067,666$1,684,571$6,834,978
70$18,188,110$3,162,439$1,685,463$7,364,008
71$19,986,006$3,260,108$1,684,634$7,942,855
72$21,965,483$3,360,757$1,681,973$8,576,509
73$24,145,005$3,464,476$1,677,362$9,270,468
74$26,544,917$3,571,358$1,670,676$10,030,788
75$29,187,640$3,681,496$1,661,785$10,864,144
76$32,097,878$3,794,988$1,650,553$11,777,886
77$35,302,853$3,911,933$1,636,838$12,780,116
78$38,832,561$4,032,435$1,620,489$13,879,759
79$42,720,058$4,156,600$1,601,351$15,086,649
80$47,001,766$4,284,535$1,579,258$16,411,623
81$51,717,822$4,416,354$1,554,040$17,866,619
82$56,912,456$4,552,171$1,525,516$19,464,793
83$62,634,404$4,692,105$1,493,498$21,220,643
84$68,937,372$4,836,277$1,457,789$23,150,142
85$75,880,541$4,984,812$1,418,183$25,270,891
86$83,529,129$5,137,840$1,374,464$27,602,286
87$91,954,998$5,295,492$1,326,407$30,165,700
88$101,237,342$5,457,906$1,273,776$32,984,684
89$111,463,428$5,625,220$1,216,324$36,085,191
90$122,729,420$5,797,578$1,153,793$39,495,817
91$135,141,290$5,975,129$1,085,915$43,248,078
92$148,815,816$6,158,024$1,012,407$47,376,700
93$163,881,681$6,346,420$932,975$51,919,953
94$180,480,695$6,540,476$847,311$56,920,006
95$198,769,124$6,740,358$755,095$62,423,330
96$218,919,175$6,946,236$655,991$68,481,137
97$241,120,612$7,158,283$549,648$75,149,859
98$265,582,554$7,376,678$435,701$82,491,685
99$292,535,445$7,601,605$313,767$90,575,145
100$322,233,230$7,833,253$183,447$99,475,760