Can I retire at age 41 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$105,701$104,760$103,841$102,944$102,069$99,561
2 years$52,327$51,353$50,408$49,493$48,604$46,093
3 years$34,538$33,560$32,618$31,710$30,837$28,401
4 years$25,646$24,670$23,737$22,846$21,993$19,651
5 years$20,311$19,341$18,421$17,548$16,719$14,477
6 years$16,756$15,794$14,887$14,033$13,229$11,090
7 years$14,218$13,264$12,371$11,537$10,759$8,723
8 years$12,315$11,369$10,492$9,678$8,925$6,992
9 years$10,836$9,899$9,036$8,244$7,516$5,683
10 years$9,653$8,726$7,878$7,106$6,404$4,670
11 years$8,686$7,768$6,936$6,185$5,508$3,869
12 years$7,881$6,972$6,155$5,425$4,773$3,227
13 years$7,200$6,301$5,499$4,789$4,162$2,706
14 years$6,617$5,727$4,941$4,251$3,649$2,280
15 years$6,112$5,232$4,461$3,791$3,212$1,927
16 years$5,671$4,800$4,045$3,395$2,839$1,634
17 years$5,282$4,421$3,681$3,050$2,517$1,389
18 years$4,936$4,085$3,360$2,749$2,238$1,183
19 years$4,628$3,786$3,076$2,484$1,995$1,010
20 years$4,350$3,518$2,823$2,250$1,782$863
21 years$4,100$3,277$2,596$2,042$1,595$738
22 years$3,872$3,059$2,393$1,856$1,429$632
23 years$3,664$2,861$2,210$1,691$1,283$542
24 years$3,475$2,680$2,043$1,542$1,153$465
25 years$3,300$2,515$1,893$1,408$1,038$400
26 years$3,139$2,364$1,755$1,288$935$343
27 years$2,991$2,225$1,630$1,179$843$295
28 years$2,853$2,097$1,515$1,080$761$254
29 years$2,725$1,978$1,410$990$687$218
30 years$2,606$1,868$1,313$909$621$188
31 years$2,494$1,766$1,225$835$561$162
32 years$2,390$1,671$1,142$767$507$139
33 years$2,292$1,582$1,067$705$459$120
34 years$2,201$1,500$997$649$416$103
35 years$2,114$1,422$932$597$377$89
36 years$2,033$1,350$872$550$341$77
37 years$1,956$1,282$816$507$309$66
38 years$1,884$1,219$764$467$280$57
39 years$1,815$1,159$716$431$254$49
40 years$1,750$1,102$671$397$231$42
41 years$1,688$1,049$629$367$209$36
42 years$1,630$999$590$338$190$31
43 years$1,574$952$554$312$172$27
44 years$1,521$908$520$288$156$23
45 years$1,470$866$488$266$142$20
46 years$1,422$826$458$246$129$17
47 years$1,376$788$431$227$117$15
48 years$1,332$752$405$210$106$13
49 years$1,290$718$380$194$97$11
50 years$1,250$686$358$179$88$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,280,000, adding $6,797 every year, while hoping to spend $24,325 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: 68/23/9 Blend
40$1,280,000$1,280,000$1,280,000$1,280,000
41$1,417,571$1,349,731$1,329,891$1,511,034
42$1,536,282$1,389,986$1,348,561$1,614,191
43$1,666,286$1,431,399$1,367,041$1,723,390
44$1,808,709$1,473,999$1,385,299$1,842,163
45$1,964,792$1,517,820$1,403,301$1,971,445
46$2,135,901$1,562,893$1,421,012$2,112,264
47$2,323,540$1,609,252$1,438,392$2,265,752
48$2,529,366$1,656,930$1,455,404$2,433,155
49$2,755,204$1,705,963$1,472,003$2,615,845
50$3,003,065$1,756,385$1,488,145$2,815,334
51$3,275,162$1,808,233$1,503,783$3,033,284
52$3,573,936$1,861,544$1,518,867$3,271,529
53$3,902,074$1,916,355$1,533,345$3,532,086
54$4,262,534$1,972,706$1,547,161$3,817,177
55$4,658,579$2,030,634$1,560,256$4,129,251
56$5,093,800$2,090,182$1,572,571$4,471,002
57$5,572,155$2,151,388$1,584,040$4,845,402
58$6,098,003$2,214,295$1,594,594$5,255,720
59$6,676,150$2,278,946$1,604,163$5,705,560
60$7,311,886$2,345,383$1,612,672$6,198,892
61$8,011,043$2,413,651$1,620,040$6,740,087
62$8,780,043$2,483,794$1,626,186$7,333,963
63$9,625,966$2,555,858$1,631,022$7,985,828
64$10,556,610$2,629,890$1,634,456$8,701,527
65$11,580,566$2,705,937$1,636,392$9,487,501
66$12,707,301$2,784,046$1,636,729$10,350,847
67$13,947,248$2,864,266$1,635,361$11,299,385
68$15,311,899$2,946,646$1,632,177$12,341,727
69$16,813,918$3,031,237$1,627,061$13,487,367
70$18,467,260$3,118,090$1,619,889$14,746,760
71$20,287,299$3,207,256$1,610,535$16,131,431
72$22,290,979$3,298,786$1,598,863$17,654,074
73$24,496,967$3,392,735$1,584,733$19,328,678
74$26,925,833$3,489,155$1,567,997$21,170,658
75$29,600,244$3,588,099$1,548,501$23,196,998
76$32,545,177$3,689,624$1,526,083$25,426,412
77$35,788,152$3,793,783$1,500,574$27,879,521
78$39,359,497$3,900,631$1,471,797$30,579,049
79$43,292,629$4,010,226$1,439,565$33,550,033
80$47,624,372$4,122,622$1,403,686$36,820,063
81$52,395,304$4,237,876$1,363,955$40,419,542
82$57,650,137$4,356,044$1,320,160$44,381,970
83$63,438,145$4,477,185$1,272,080$48,744,262
84$69,813,623$4,601,353$1,219,481$53,547,099
85$76,836,399$4,728,606$1,162,121$58,835,305
86$84,572,405$4,859,002$1,099,745$64,658,276
87$93,094,293$4,992,595$1,032,089$71,070,443
88$102,482,122$5,129,443$958,874$78,131,789
89$112,824,113$5,269,601$879,812$85,908,410
90$124,217,486$5,413,124$794,598$94,473,142
91$136,769,370$5,560,067$702,918$103,906,249
92$150,597,819$5,710,485$604,439$114,296,179
93$165,832,927$5,864,428$498,818$125,740,399
94$182,618,050$6,021,950$385,694$138,346,314
95$201,111,167$6,183,101$264,690$152,232,283
96$221,486,363$6,347,930$135,414$167,528,736
97$243,935,477$6,516,484$0$184,379,403
98$268,669,912$6,688,808$0$202,942,917
99$295,922,629$6,864,946$0$223,407,467
100$325,950,348$7,044,939$0$245,952,420