Can I retire at age 41 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$109,004$108,033$107,086$106,161$105,259$101,564
2 years$53,963$52,958$51,984$51,039$50,123$46,440
3 years$35,618$34,608$33,637$32,701$31,800$28,244
4 years$26,447$25,441$24,479$23,559$22,680$19,278
5 years$20,946$19,946$18,997$18,096$17,241$14,002
6 years$17,280$16,287$15,352$14,471$13,642$10,569
7 years$14,662$13,678$12,758$11,898$11,095$8,186
8 years$12,700$11,725$10,820$9,981$9,204$6,458
9 years$11,175$10,208$9,319$8,501$7,751$5,164
10 years$9,955$8,998$8,124$7,328$6,604$4,172
11 years$8,958$8,011$7,153$6,378$5,680$3,397
12 years$8,127$7,190$6,348$5,594$4,922$2,783
13 years$7,425$6,498$5,671$4,939$4,292$2,292
14 years$6,824$5,906$5,096$4,384$3,763$1,895
15 years$6,303$5,395$4,601$3,910$3,313$1,572
16 years$5,848$4,950$4,171$3,501$2,928$1,307
17 years$5,447$4,559$3,796$3,146$2,596$1,089
18 years$5,091$4,213$3,465$2,835$2,308$909
19 years$4,772$3,904$3,172$2,561$2,057$760
20 years$4,486$3,628$2,911$2,320$1,838$637
21 years$4,228$3,379$2,678$2,105$1,645$534
22 years$3,993$3,154$2,468$1,914$1,474$447
23 years$3,779$2,950$2,279$1,743$1,323$376
24 years$3,583$2,764$2,107$1,590$1,189$315
25 years$3,403$2,594$1,952$1,452$1,070$265
26 years$3,237$2,438$1,810$1,328$964$223
27 years$3,084$2,294$1,681$1,215$869$187
28 years$2,942$2,162$1,563$1,114$784$158
29 years$2,810$2,040$1,454$1,021$708$133
30 years$2,687$1,926$1,355$937$640$112
31 years$2,572$1,821$1,263$861$579$94
32 years$2,465$1,723$1,178$791$523$79
33 years$2,364$1,632$1,100$727$474$67
34 years$2,269$1,546$1,028$669$429$56
35 years$2,180$1,467$961$616$388$47
36 years$2,096$1,392$899$567$352$40
37 years$2,017$1,322$841$523$319$33
38 years$1,943$1,257$788$482$289$28
39 years$1,872$1,195$738$444$262$24
40 years$1,805$1,137$692$410$238$20
41 years$1,741$1,082$649$378$216$17
42 years$1,681$1,031$609$349$196$14
43 years$1,623$982$571$322$178$12
44 years$1,568$936$536$297$161$10
45 years$1,516$893$503$275$146$8
46 years$1,466$852$473$254$133$7
47 years$1,419$813$444$234$121$6
48 years$1,374$776$417$217$110$5
49 years$1,330$741$392$200$100$4
50 years$1,289$708$369$185$90$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,320,000, adding $5,940 every year, while hoping to spend $36,809 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: 42/45/13 Blend
40$1,320,000$1,320,000$1,320,000$1,320,000
41$1,460,767$1,390,807$1,370,347$1,516,321
42$1,570,601$1,419,792$1,377,089$1,584,881
43$1,690,404$1,448,964$1,382,824$1,654,957
44$1,821,154$1,478,292$1,387,477$1,730,031
45$1,963,929$1,507,745$1,390,975$1,810,577
46$2,119,912$1,537,288$1,393,235$1,897,115
47$2,290,409$1,566,881$1,394,174$1,990,220
48$2,476,857$1,596,483$1,393,705$2,090,526
49$2,680,835$1,626,050$1,391,733$2,198,731
50$2,904,087$1,655,533$1,388,163$2,315,605
51$3,148,530$1,684,880$1,382,892$2,441,997
52$3,416,274$1,714,034$1,375,813$2,578,844
53$3,709,647$1,742,934$1,366,816$2,727,178
54$4,031,208$1,771,515$1,355,781$2,888,138
55$4,383,778$1,799,706$1,342,587$3,062,981
56$4,770,465$1,827,433$1,327,104$3,253,091
57$5,194,688$1,854,613$1,309,199$3,459,996
58$5,660,219$1,881,161$1,288,729$3,685,379
59$6,171,206$1,906,984$1,265,547$3,931,100
60$6,732,225$1,931,982$1,239,498$4,199,207
61$7,348,311$1,956,048$1,210,421$4,491,960
62$8,025,015$1,979,070$1,178,146$4,811,850
63$8,768,448$2,000,926$1,142,495$5,161,627
64$9,585,345$2,021,487$1,103,284$5,544,321
65$10,483,125$2,040,614$1,060,319$5,963,275
66$11,469,960$2,058,161$1,013,396$6,422,175
67$12,554,856$2,073,971$962,305$6,925,087
68$13,747,733$2,087,877$906,824$7,476,493
69$15,059,520$2,099,701$846,720$8,081,339
70$16,502,259$2,109,255$781,753$8,745,074
71$18,089,217$2,116,336$711,670$9,473,712
72$19,835,013$2,120,732$636,206$10,273,882
73$21,755,751$2,122,215$555,086$11,152,895
74$23,869,178$2,120,544$468,022$12,118,811
75$26,194,847$2,115,463$374,714$13,180,519
76$28,754,301$2,106,700$274,846$14,347,820
77$31,571,277$2,093,967$168,091$15,631,521
78$34,671,933$2,076,956$54,107$17,043,537
79$38,085,087$2,055,344$0$18,597,007
80$41,842,497$2,028,787$0$20,315,784
81$45,979,154$1,996,919$0$22,215,090
82$50,533,614$1,959,355$0$24,305,075
83$55,548,363$1,915,684$0$26,605,209
84$61,070,218$1,865,474$0$29,136,956
85$67,150,762$1,808,265$0$31,923,974
86$73,846,841$1,743,571$0$34,992,344
87$81,221,092$1,670,878$0$38,370,812
88$89,342,534$1,589,643$0$42,091,069
89$98,287,226$1,499,289$0$46,188,044
90$108,138,977$1,399,207$0$50,700,240
91$118,990,139$1,288,755$0$55,670,097
92$130,942,481$1,167,252$0$61,144,397
93$144,108,146$1,033,979$0$67,174,703
94$158,610,708$888,176$0$73,817,852
95$174,586,344$729,039$0$81,136,491
96$192,185,110$555,721$0$89,199,674
97$211,572,365$367,326$0$98,083,511
98$232,930,329$162,907$0$107,871,892
99$256,459,799$0$0$118,657,284
100$282,382,047$0$0$130,570,587