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%11.3%
1 years$102,398$101,486$100,596$99,727$98,879$98,339
2 years$50,692$49,748$48,833$47,946$47,085$46,540
3 years$33,459$32,511$31,598$30,719$29,873$29,339
4 years$24,844$23,899$22,995$22,132$21,306$20,788
5 years$19,677$18,737$17,845$16,999$16,196$15,696
6 years$16,233$15,300$14,422$13,594$12,815$12,334
7 years$13,774$12,849$11,985$11,177$10,422$9,959
8 years$11,930$11,014$10,164$9,376$8,646$8,202
9 years$10,497$9,590$8,754$7,986$7,282$6,855
10 years$9,352$8,453$7,632$6,884$6,204$5,796
11 years$8,415$7,525$6,719$5,991$5,336$4,946
12 years$7,635$6,754$5,963$5,255$4,624$4,252
13 years$6,975$6,104$5,328$4,640$4,032$3,677
14 years$6,410$5,548$4,787$4,118$3,535$3,196
15 years$5,921$5,068$4,322$3,673$3,112$2,790
16 years$5,494$4,650$3,918$3,289$2,750$2,445
17 years$5,117$4,283$3,566$2,955$2,439$2,149
18 years$4,782$3,957$3,255$2,663$2,168$1,893
19 years$4,483$3,668$2,980$2,406$1,933$1,672
20 years$4,214$3,408$2,735$2,179$1,726$1,480
21 years$3,971$3,174$2,515$1,978$1,545$1,312
22 years$3,751$2,963$2,318$1,798$1,385$1,165
23 years$3,550$2,771$2,141$1,638$1,243$1,035
24 years$3,366$2,597$1,980$1,494$1,117$922
25 years$3,197$2,437$1,834$1,364$1,005$821
26 years$3,041$2,290$1,701$1,247$906$732
27 years$2,897$2,155$1,579$1,142$817$654
28 years$2,764$2,031$1,468$1,046$737$584
29 years$2,640$1,916$1,366$959$665$522
30 years$2,524$1,810$1,272$880$601$466
31 years$2,416$1,711$1,186$809$543$417
32 years$2,315$1,619$1,107$743$492$374
33 years$2,221$1,533$1,033$683$445$334
34 years$2,132$1,453$966$629$403$300
35 years$2,048$1,378$903$579$365$268
36 years$1,969$1,308$844$533$331$241
37 years$1,895$1,242$790$491$300$216
38 years$1,825$1,180$740$453$272$193
39 years$1,758$1,123$693$417$246$173
40 years$1,695$1,068$650$385$223$156
41 years$1,635$1,017$609$355$203$140
42 years$1,579$968$572$328$184$125
43 years$1,525$922$536$303$167$112
44 years$1,473$879$504$279$152$101
45 years$1,424$839$473$258$138$91
46 years$1,378$800$444$238$125$81
47 years$1,333$763$417$220$113$73
48 years$1,290$729$392$203$103$66
49 years$1,250$696$369$188$94$59
50 years$1,211$665$346$174$85$53

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 $4,848 every year, while hoping to spend $36,857 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: 30/46/24 Blend
40$1,240,000$1,240,000$1,240,000$1,240,000
41$1,371,481$1,305,761$1,286,541$1,402,301
42$1,472,156$1,330,527$1,290,424$1,451,204
43$1,581,865$1,355,272$1,293,203$1,500,179
44$1,701,490$1,379,956$1,294,800$1,552,111
45$1,832,003$1,404,534$1,295,136$1,607,283
46$1,974,472$1,428,961$1,294,128$1,666,003
47$2,130,075$1,453,187$1,291,688$1,728,615
48$2,300,106$1,477,157$1,287,723$1,795,499
49$2,485,993$1,500,813$1,282,138$1,867,074
50$2,689,306$1,524,094$1,274,831$1,943,805
51$2,911,773$1,546,933$1,265,696$2,026,204
52$3,155,299$1,569,258$1,254,622$2,114,839
53$3,421,980$1,590,992$1,241,492$2,210,338
54$3,714,125$1,612,054$1,226,185$2,313,394
55$4,034,276$1,632,355$1,208,573$2,424,773
56$4,385,235$1,651,802$1,188,522$2,545,324
57$4,770,084$1,670,296$1,165,893$2,675,983
58$5,192,220$1,687,729$1,140,538$2,817,784
59$5,655,386$1,703,986$1,112,305$2,971,873
60$6,163,701$1,718,948$1,081,034$3,139,513
61$6,721,706$1,732,484$1,046,556$3,322,101
62$7,334,401$1,744,456$1,008,696$3,521,181
63$8,007,293$1,754,718$967,271$3,738,456
64$8,746,452$1,763,114$922,089$3,975,811
65$9,558,560$1,769,476$872,949$4,235,326
66$10,450,983$1,773,630$819,643$4,519,297
67$11,431,832$1,775,387$761,950$4,830,263
68$12,510,046$1,774,548$699,642$5,171,024
69$13,695,470$1,770,901$632,480$5,544,676
70$14,998,955$1,764,221$560,214$5,954,635
71$16,432,450$1,754,271$482,584$6,404,672
72$18,009,126$1,740,796$399,316$6,898,951
73$19,743,491$1,723,528$310,127$7,442,068
74$21,651,530$1,702,184$214,719$8,039,099
75$23,750,856$1,676,462$112,783$8,695,644
76$26,060,876$1,646,041$3,993$9,417,884
77$28,602,972$1,610,584$0$10,212,640
78$31,400,705$1,569,731$0$11,116,151
79$34,480,033$1,523,105$0$12,110,973
80$37,869,561$1,470,302$0$13,205,344
81$41,600,807$1,410,897$0$14,409,479
82$45,708,499$1,344,441$0$15,734,640
83$50,230,905$1,270,458$0$17,193,249
84$55,210,191$1,188,443$0$18,799,003
85$60,692,819$1,097,866$0$20,567,003
86$66,729,988$998,163$0$22,513,905
87$73,378,113$888,739$0$24,658,070
88$80,699,359$768,965$0$27,019,746
89$88,762,228$638,179$0$29,621,260
90$97,642,202$495,677$0$32,487,225
91$107,422,460$340,718$0$35,644,782
92$118,194,658$172,521$0$39,123,853
93$130,059,797$0$0$42,957,430
94$143,129,171$0$0$47,186,817
95$157,525,425$0$0$51,942,070
96$173,383,705$0$0$57,180,539
97$190,852,937$0$0$62,951,453
98$210,097,228$0$0$69,309,063
99$231,297,423$0$0$76,313,151
100$254,652,800$0$0$84,029,595