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%14.8%
1 years$102,398$101,486$100,596$99,727$98,879$96,923
2 years$50,692$49,748$48,833$47,946$47,085$45,122
3 years$33,459$32,511$31,598$30,719$29,873$27,965
4 years$24,844$23,899$22,995$22,132$21,306$19,467
5 years$19,677$18,737$17,845$16,999$16,196$14,432
6 years$16,233$15,300$14,422$13,594$12,815$11,128
7 years$13,774$12,849$11,985$11,177$10,422$8,812
8 years$11,930$11,014$10,164$9,376$8,646$7,113
9 years$10,497$9,590$8,754$7,986$7,282$5,824
10 years$9,352$8,453$7,632$6,884$6,204$4,820
11 years$8,415$7,525$6,719$5,991$5,336$4,025
12 years$7,635$6,754$5,963$5,255$4,624$3,383
13 years$6,975$6,104$5,328$4,640$4,032$2,860
14 years$6,410$5,548$4,787$4,118$3,535$2,429
15 years$5,921$5,068$4,322$3,673$3,112$2,071
16 years$5,494$4,650$3,918$3,289$2,750$1,771
17 years$5,117$4,283$3,566$2,955$2,439$1,518
18 years$4,782$3,957$3,255$2,663$2,168$1,305
19 years$4,483$3,668$2,980$2,406$1,933$1,123
20 years$4,214$3,408$2,735$2,179$1,726$969
21 years$3,971$3,174$2,515$1,978$1,545$837
22 years$3,751$2,963$2,318$1,798$1,385$723
23 years$3,550$2,771$2,141$1,638$1,243$626
24 years$3,366$2,597$1,980$1,494$1,117$542
25 years$3,197$2,437$1,834$1,364$1,005$470
26 years$3,041$2,290$1,701$1,247$906$408
27 years$2,897$2,155$1,579$1,142$817$354
28 years$2,764$2,031$1,468$1,046$737$307
29 years$2,640$1,916$1,366$959$665$267
30 years$2,524$1,810$1,272$880$601$232
31 years$2,416$1,711$1,186$809$543$202
32 years$2,315$1,619$1,107$743$492$175
33 years$2,221$1,533$1,033$683$445$152
34 years$2,132$1,453$966$629$403$133
35 years$2,048$1,378$903$579$365$115
36 years$1,969$1,308$844$533$331$100
37 years$1,895$1,242$790$491$300$87
38 years$1,825$1,180$740$453$272$76
39 years$1,758$1,123$693$417$246$66
40 years$1,695$1,068$650$385$223$58
41 years$1,635$1,017$609$355$203$50
42 years$1,579$968$572$328$184$44
43 years$1,525$922$536$303$167$38
44 years$1,473$879$504$279$152$33
45 years$1,424$839$473$258$138$29
46 years$1,378$800$444$238$125$25
47 years$1,333$763$417$220$113$22
48 years$1,290$729$392$203$103$19
49 years$1,250$696$369$188$94$17
50 years$1,211$665$346$174$85$14

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 $3,106 every year, while hoping to spend $33,231 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: 53/41/6 Blend
40$1,240,000$1,240,000$1,240,000$1,240,000
41$1,369,684$1,303,964$1,284,744$1,440,222
42$1,474,034$1,332,501$1,292,425$1,516,856
43$1,587,914$1,361,322$1,299,250$1,596,272
44$1,712,261$1,390,406$1,305,155$1,681,861
45$1,848,107$1,419,731$1,310,072$1,774,210
46$1,996,586$1,449,270$1,313,932$1,873,968
47$2,158,950$1,478,996$1,316,661$1,981,848
48$2,336,574$1,508,878$1,318,180$2,098,636
49$2,530,973$1,538,883$1,318,408$2,225,199
50$2,743,818$1,568,974$1,317,261$2,362,489
51$2,976,946$1,599,111$1,314,647$2,511,558
52$3,232,381$1,629,254$1,310,474$2,673,564
53$3,512,350$1,659,354$1,304,642$2,849,784
54$3,819,311$1,689,363$1,297,048$3,041,622
55$4,155,965$1,719,227$1,287,583$3,250,628
56$4,525,291$1,748,887$1,276,135$3,478,510
57$4,930,570$1,778,281$1,262,584$3,727,150
58$5,375,413$1,807,341$1,246,806$3,998,620
59$5,863,800$1,835,997$1,228,669$4,295,207
60$6,400,116$1,864,169$1,208,038$4,619,429
61$6,989,190$1,891,775$1,184,770$4,974,062
62$7,636,342$1,918,727$1,158,714$5,362,166
63$8,347,433$1,944,928$1,129,714$5,787,114
64$9,128,918$1,970,277$1,097,607$6,252,622
65$9,987,911$1,994,664$1,062,221$6,762,788
66$10,932,249$2,017,973$1,023,376$7,322,128
67$11,970,565$2,040,080$980,885$7,935,618
68$13,112,370$2,060,852$934,553$8,608,746
69$14,368,145$2,080,147$884,174$9,347,558
70$15,749,436$2,097,814$829,534$10,158,721
71$17,268,965$2,113,693$770,409$11,049,583
72$18,940,748$2,127,613$706,566$12,028,240
73$20,780,228$2,139,390$637,760$13,103,621
74$22,804,423$2,148,831$563,736$14,285,564
75$25,032,080$2,155,730$484,228$15,584,915
76$27,483,859$2,159,868$398,957$17,013,630
77$30,182,523$2,161,012$307,632$18,584,883
78$33,153,153$2,158,914$209,950$20,313,201
79$36,423,385$2,153,311$105,594$22,214,591
80$40,023,672$2,143,925$0$24,306,700
81$43,987,570$2,130,460$0$26,609,347
82$48,352,051$2,112,602$0$29,150,838
83$53,157,859$2,090,018$0$31,948,059
84$58,449,887$2,062,355$0$35,027,080
85$64,277,604$2,029,240$0$38,416,632
86$70,695,522$1,990,275$0$42,148,382
87$77,763,708$1,945,041$0$46,257,234
88$85,548,353$1,893,095$0$50,781,656
89$94,122,393$1,833,964$0$55,764,043
90$103,566,200$1,767,151$0$61,251,126
91$113,968,340$1,692,129$0$67,294,403
92$125,426,407$1,608,341$0$73,950,638
93$138,047,947$1,515,195$0$81,282,387
94$151,951,467$1,412,069$0$89,358,600
95$167,267,558$1,298,303$0$98,255,266
96$184,140,128$1,173,198$0$108,056,135
97$202,727,755$1,036,019$0$118,853,509
98$223,205,189$885,987$0$130,749,118
99$245,764,995$722,277$0$143,855,078
100$270,619,377$544,021$0$158,294,955