Can I retire at age 41 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$110,656$109,670$108,709$107,770$106,853$104,270
2 years$54,780$53,760$52,771$51,813$50,883$48,296
3 years$36,157$35,133$34,146$33,197$32,282$29,772
4 years$26,848$25,826$24,850$23,916$23,024$20,610
5 years$21,263$20,248$19,285$18,370$17,502$15,192
6 years$17,542$16,534$15,585$14,691$13,849$11,644
7 years$14,885$13,885$12,951$12,078$11,263$9,164
8 years$12,893$11,902$10,983$10,132$9,344$7,349
9 years$11,344$10,363$9,460$8,630$7,869$5,978
10 years$10,106$9,135$8,248$7,439$6,705$4,914
11 years$9,093$8,132$7,261$6,474$5,766$4,075
12 years$8,250$7,299$6,444$5,679$4,997$3,401
13 years$7,538$6,596$5,757$5,014$4,357$2,854
14 years$6,927$5,996$5,173$4,451$3,820$2,406
15 years$6,399$5,477$4,670$3,969$3,363$2,035
16 years$5,937$5,025$4,234$3,554$2,972$1,727
17 years$5,529$4,628$3,853$3,193$2,635$1,469
18 years$5,168$4,276$3,517$2,878$2,343$1,252
19 years$4,845$3,963$3,220$2,600$2,089$1,069
20 years$4,554$3,683$2,955$2,355$1,866$915
21 years$4,292$3,430$2,718$2,137$1,670$783
22 years$4,053$3,202$2,505$1,943$1,496$671
23 years$3,836$2,995$2,313$1,770$1,343$576
24 years$3,637$2,806$2,139$1,614$1,207$495
25 years$3,455$2,633$1,981$1,474$1,086$425
26 years$3,286$2,475$1,838$1,348$979$365
27 years$3,131$2,329$1,706$1,234$882$314
28 years$2,987$2,195$1,586$1,130$796$271
29 years$2,853$2,071$1,476$1,037$719$233
30 years$2,728$1,955$1,375$951$650$201
31 years$2,611$1,849$1,282$874$587$173
32 years$2,502$1,749$1,196$803$531$149
33 years$2,400$1,656$1,117$738$481$128
34 years$2,304$1,570$1,043$679$435$111
35 years$2,213$1,489$976$625$394$95
36 years$2,128$1,413$913$576$357$82
37 years$2,048$1,342$854$531$324$71
38 years$1,972$1,276$800$489$294$61
39 years$1,900$1,213$749$451$266$53
40 years$1,832$1,154$702$416$241$45
41 years$1,767$1,099$659$384$219$39
42 years$1,706$1,046$618$354$199$34
43 years$1,648$997$580$327$180$29
44 years$1,592$950$544$302$164$25
45 years$1,539$906$511$279$149$22
46 years$1,489$864$480$258$135$19
47 years$1,441$825$451$238$123$16
48 years$1,394$788$424$220$111$14
49 years$1,350$752$398$203$101$12
50 years$1,308$718$374$188$92$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,340,000, adding $2,827 every year, while hoping to spend $24,936 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: 34/45/21 Blend
40$1,340,000$1,340,000$1,340,000$1,340,000
41$1,479,596$1,408,576$1,387,806$1,520,310
42$1,603,983$1,451,065$1,407,766$1,593,182
43$1,740,222$1,494,799$1,427,559$1,669,222
44$1,889,495$1,539,815$1,447,152$1,750,708
45$2,053,105$1,586,147$1,466,513$1,838,139
46$2,232,485$1,633,832$1,485,605$1,932,062
47$2,429,217$1,682,908$1,504,391$2,033,077
48$2,645,039$1,733,412$1,522,830$2,141,846
49$2,881,868$1,785,385$1,540,880$2,259,096
50$3,141,816$1,838,865$1,558,496$2,385,628
51$3,427,206$1,893,896$1,575,632$2,522,323
52$3,740,602$1,950,517$1,592,236$2,670,149
53$4,084,825$2,008,774$1,608,257$2,830,172
54$4,462,983$2,068,710$1,623,640$3,003,566
55$4,878,500$2,130,370$1,638,325$3,191,623
56$5,335,150$2,193,800$1,652,251$3,395,765
57$5,837,087$2,259,049$1,665,354$3,617,558
58$6,388,892$2,326,163$1,677,565$3,858,724
59$6,995,607$2,395,194$1,688,812$4,121,163
60$7,662,792$2,466,191$1,699,020$4,406,964
61$8,396,569$2,539,207$1,708,109$4,718,428
62$9,203,685$2,614,294$1,715,996$5,058,091
63$10,091,572$2,691,506$1,722,594$5,428,744
64$11,068,421$2,770,898$1,727,809$5,833,461
65$12,143,255$2,852,527$1,731,546$6,275,629
66$13,326,017$2,936,450$1,733,702$6,758,979
67$14,627,661$3,022,727$1,734,171$7,287,619
68$16,060,258$3,111,416$1,732,842$7,866,078
69$17,637,108$3,202,579$1,729,595$8,499,340
70$19,372,865$3,296,278$1,724,310$9,192,901
71$21,283,679$3,392,577$1,716,855$9,952,811
72$23,387,341$3,491,540$1,707,097$10,785,740
73$25,703,457$3,593,233$1,694,892$11,699,033
74$28,253,632$3,697,723$1,680,093$12,700,784
75$31,061,669$3,805,079$1,662,543$13,799,912
76$34,153,801$3,915,369$1,642,080$15,006,241
77$37,558,931$4,028,665$1,618,532$16,330,599
78$41,308,910$4,145,037$1,591,720$17,784,913
79$45,438,834$4,264,559$1,561,458$19,382,328
80$49,987,377$4,387,305$1,527,549$21,137,327
81$54,997,156$4,513,349$1,489,789$23,065,868
82$60,515,131$4,642,768$1,447,962$25,185,536
83$66,593,050$4,775,640$1,401,844$27,515,708
84$73,287,936$4,912,041$1,351,201$30,077,734
85$80,662,625$5,052,051$1,295,786$32,895,144
86$88,786,362$5,195,750$1,235,344$35,993,863
87$97,735,449$5,343,220$1,169,605$39,402,461
88$107,593,967$5,494,540$1,098,290$43,152,419
89$118,454,575$5,649,795$1,021,105$47,278,429
90$130,419,373$5,809,068$937,745$51,818,721
91$143,600,878$5,972,441$847,888$56,815,422
92$158,123,077$6,139,999$751,201$62,314,954
93$174,122,599$6,311,827$647,334$68,368,475
94$191,750,008$6,488,011$535,924$75,032,360
95$211,171,220$6,668,635$416,589$82,368,730
96$232,569,071$6,853,785$288,931$90,446,047
97$256,145,042$7,043,546$152,537$99,339,751
98$282,121,161$7,238,004$6,971$109,132,978
99$310,742,098$7,437,245$0$119,917,343
100$342,277,475$7,641,353$0$131,827,053