Can I retire at age 41 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$107,353$106,397$105,464$104,553$103,664$99,906
2 years$53,145$52,155$51,196$50,266$49,364$45,619
3 years$35,078$34,084$33,127$32,206$31,318$27,705
4 years$26,046$25,055$24,108$23,202$22,337$18,881
5 years$20,629$19,644$18,709$17,822$16,980$13,692
6 years$17,018$16,041$15,120$14,252$13,436$10,318
7 years$14,440$13,471$12,564$11,718$10,927$7,978
8 years$12,508$11,547$10,656$9,830$9,065$6,283
9 years$11,005$10,054$9,178$8,373$7,634$5,015
10 years$9,804$8,862$8,001$7,217$6,504$4,043
11 years$8,822$7,889$7,044$6,281$5,594$3,286
12 years$8,004$7,081$6,252$5,509$4,848$2,687
13 years$7,313$6,399$5,585$4,864$4,227$2,208
14 years$6,720$5,817$5,018$4,318$3,706$1,822
15 years$6,208$5,314$4,531$3,851$3,263$1,508
16 years$5,759$4,875$4,108$3,448$2,884$1,251
17 years$5,364$4,490$3,738$3,098$2,557$1,040
18 years$5,014$4,149$3,412$2,792$2,273$867
19 years$4,700$3,845$3,124$2,523$2,026$723
20 years$4,418$3,573$2,867$2,285$1,810$604
21 years$4,164$3,328$2,637$2,074$1,620$505
22 years$3,932$3,107$2,430$1,885$1,452$423
23 years$3,722$2,906$2,244$1,717$1,303$354
24 years$3,529$2,722$2,075$1,566$1,171$296
25 years$3,352$2,555$1,922$1,430$1,054$248
26 years$3,188$2,401$1,783$1,308$949$208
27 years$3,037$2,260$1,655$1,197$856$175
28 years$2,897$2,129$1,539$1,097$772$147
29 years$2,767$2,009$1,432$1,006$697$123
30 years$2,646$1,897$1,334$923$630$103
31 years$2,533$1,793$1,244$848$570$87
32 years$2,427$1,697$1,160$779$515$73
33 years$2,328$1,607$1,083$716$466$61
34 years$2,235$1,523$1,012$659$422$51
35 years$2,147$1,445$946$607$382$43
36 years$2,065$1,371$885$559$347$36
37 years$1,987$1,302$829$515$314$30
38 years$1,913$1,238$776$475$285$26
39 years$1,843$1,177$727$438$258$22
40 years$1,777$1,120$681$404$234$18
41 years$1,715$1,066$639$372$212$15
42 years$1,655$1,015$599$344$193$13
43 years$1,598$967$562$317$175$11
44 years$1,545$922$528$293$159$9
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$6
47 years$1,398$800$437$231$119$5
48 years$1,353$764$411$213$108$4
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,300,000, adding $6,233 every year, while hoping to spend $36,278 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: 47/47/6 Blend
40$1,300,000$1,300,000$1,300,000$1,300,000
41$1,439,029$1,370,129$1,349,979$1,504,089
42$1,547,211$1,398,666$1,356,604$1,577,887
43$1,665,211$1,427,385$1,362,235$1,653,601
44$1,793,993$1,456,258$1,366,800$1,734,912
45$1,934,617$1,485,251$1,370,225$1,822,348
46$2,088,250$1,514,331$1,372,430$1,916,492
47$2,256,177$1,543,459$1,373,332$2,017,986
48$2,439,813$1,572,594$1,372,844$2,127,536
49$2,640,716$1,601,693$1,370,876$2,245,923
50$2,860,600$1,630,706$1,367,331$2,374,005
51$3,101,353$1,659,583$1,362,109$2,512,728
52$3,365,056$1,688,268$1,355,105$2,663,135
53$3,653,999$1,716,700$1,346,208$2,826,378
54$3,970,704$1,744,815$1,335,303$3,003,722
55$4,317,948$1,772,544$1,322,268$3,196,565
56$4,698,792$1,799,812$1,306,977$3,406,448
57$5,116,605$1,826,539$1,289,297$3,635,068
58$5,575,099$1,852,639$1,269,088$3,884,296
59$6,078,361$1,878,021$1,246,206$4,156,197
60$6,630,897$1,902,587$1,220,496$4,453,045
61$7,237,667$1,926,232$1,191,801$4,777,349
62$7,904,135$1,948,843$1,159,953$5,131,872
63$8,636,322$1,970,302$1,124,776$5,519,665
64$9,440,860$1,990,480$1,086,089$5,944,087
65$10,325,055$2,009,241$1,043,701$6,408,844
66$11,296,957$2,026,440$997,411$6,918,021
67$12,365,433$2,041,922$947,011$7,476,122
68$13,540,254$2,055,523$892,283$8,088,113
69$14,832,183$2,067,067$832,998$8,759,469
70$16,253,080$2,076,367$768,917$9,496,226
71$17,816,011$2,083,226$699,793$10,305,037
72$19,535,372$2,087,432$625,364$11,193,239
73$21,427,025$2,088,761$545,358$12,168,921
74$23,508,447$2,086,976$459,493$13,240,999
75$25,798,893$2,081,822$367,470$14,419,305
76$28,319,581$2,073,032$268,982$15,714,677
77$31,093,889$2,060,322$163,703$17,139,062
78$34,147,577$2,043,388$51,298$18,705,632
79$37,509,027$2,021,912$0$20,428,910
80$41,209,514$1,995,552$0$22,329,299
81$45,283,500$1,963,950$0$24,423,842
82$49,768,958$1,926,723$0$26,728,730
83$54,707,727$1,883,469$0$29,265,437
84$60,145,915$1,833,758$0$32,057,631
85$66,134,325$1,777,139$0$35,131,402
86$72,728,939$1,713,131$0$38,515,509
87$79,991,444$1,641,228$0$42,241,653
88$87,989,815$1,560,893$0$46,344,775
89$96,798,957$1,471,557$0$50,863,393
90$106,501,408$1,372,620$0$55,839,959
91$117,188,121$1,263,448$0$61,321,268
92$128,959,321$1,143,369$0$67,358,902
93$141,925,450$1,011,673$0$74,009,712
94$156,208,212$867,611$0$81,336,364
95$171,941,716$710,390$0$89,407,927
96$189,273,746$539,174$0$98,300,533
97$208,367,153$353,079$0$108,098,093
98$229,401,394$151,170$0$118,893,094
99$252,574,222$0$0$130,787,475
100$278,103,555$0$0$143,928,521