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

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$110,656$109,670$108,709$107,770$106,853$105,475
2 years$54,780$53,760$52,771$51,813$50,883$49,495
3 years$36,157$35,133$34,146$33,197$32,282$30,929
4 years$26,848$25,826$24,850$23,916$23,024$21,716
5 years$21,263$20,248$19,285$18,370$17,502$16,244
6 years$17,542$16,534$15,585$14,691$13,849$12,641
7 years$14,885$13,885$12,951$12,078$11,263$10,106
8 years$12,893$11,902$10,983$10,132$9,344$8,238
9 years$11,344$10,363$9,460$8,630$7,869$6,813
10 years$10,106$9,135$8,248$7,439$6,705$5,698
11 years$9,093$8,132$7,261$6,474$5,766$4,809
12 years$8,250$7,299$6,444$5,679$4,997$4,087
13 years$7,538$6,596$5,757$5,014$4,357$3,494
14 years$6,927$5,996$5,173$4,451$3,820$3,001
15 years$6,399$5,477$4,670$3,969$3,363$2,589
16 years$5,937$5,025$4,234$3,554$2,972$2,240
17 years$5,529$4,628$3,853$3,193$2,635$1,944
18 years$5,168$4,276$3,517$2,878$2,343$1,691
19 years$4,845$3,963$3,220$2,600$2,089$1,475
20 years$4,554$3,683$2,955$2,355$1,866$1,288
21 years$4,292$3,430$2,718$2,137$1,670$1,127
22 years$4,053$3,202$2,505$1,943$1,496$987
23 years$3,836$2,995$2,313$1,770$1,343$865
24 years$3,637$2,806$2,139$1,614$1,207$760
25 years$3,455$2,633$1,981$1,474$1,086$667
26 years$3,286$2,475$1,838$1,348$979$587
27 years$3,131$2,329$1,706$1,234$882$516
28 years$2,987$2,195$1,586$1,130$796$454
29 years$2,853$2,071$1,476$1,037$719$400
30 years$2,728$1,955$1,375$951$650$353
31 years$2,611$1,849$1,282$874$587$311
32 years$2,502$1,749$1,196$803$531$274
33 years$2,400$1,656$1,117$738$481$242
34 years$2,304$1,570$1,043$679$435$213
35 years$2,213$1,489$976$625$394$188
36 years$2,128$1,413$913$576$357$166
37 years$2,048$1,342$854$531$324$147
38 years$1,972$1,276$800$489$294$130
39 years$1,900$1,213$749$451$266$115
40 years$1,832$1,154$702$416$241$101
41 years$1,767$1,099$659$384$219$89
42 years$1,706$1,046$618$354$199$79
43 years$1,648$997$580$327$180$70
44 years$1,592$950$544$302$164$62
45 years$1,539$906$511$279$149$54
46 years$1,489$864$480$258$135$48
47 years$1,441$825$451$238$123$43
48 years$1,394$788$424$220$111$38
49 years$1,350$752$398$203$101$33
50 years$1,308$718$374$188$92$29

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 $5,812 every year, while hoping to spend $51,386 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: 61/18/21 Blend
40$1,340,000$1,340,000$1,340,000$1,340,000
41$1,482,675$1,411,655$1,390,885$1,564,635
42$1,579,234$1,426,152$1,382,805$1,635,264
43$1,683,919$1,439,637$1,372,733$1,706,130
44$1,797,506$1,452,006$1,360,546$1,782,315
45$1,920,846$1,463,149$1,346,119$1,864,343
46$2,054,876$1,472,947$1,329,319$1,952,792
47$2,200,628$1,481,276$1,310,005$2,048,303
48$2,359,236$1,488,002$1,288,034$2,151,580
49$2,531,947$1,492,984$1,263,252$2,263,404
50$2,720,135$1,496,069$1,235,500$2,384,634
51$2,925,310$1,497,098$1,204,611$2,516,220
52$3,149,137$1,495,901$1,170,411$2,659,210
53$3,393,446$1,492,297$1,132,717$2,814,761
54$3,660,252$1,486,094$1,091,337$2,984,150
55$3,951,773$1,477,088$1,046,072$3,168,787
56$4,270,452$1,465,064$996,714$3,370,228
57$4,618,977$1,449,791$943,043$3,590,189
58$5,000,310$1,431,028$884,832$3,830,566
59$5,417,710$1,408,516$821,842$4,093,450
60$5,874,766$1,381,984$753,824$4,381,148
61$6,375,433$1,351,142$680,518$4,696,207
62$6,924,063$1,315,683$601,651$5,041,438
63$7,525,451$1,275,285$516,939$5,419,939
64$8,184,877$1,229,604$426,087$5,835,133
65$8,908,157$1,178,278$328,784$6,290,793
66$9,701,697$1,120,921$224,706$6,791,082
67$10,572,553$1,057,129$113,516$7,340,595
68$11,528,497$986,472$0$7,944,397
69$12,578,089$908,494$0$8,609,232
70$13,730,761$822,717$0$9,367,332
71$14,996,901$728,633$0$10,200,122
72$16,387,954$625,705$0$11,115,192
73$17,916,528$513,367$0$12,120,911
74$19,596,511$391,020$0$13,226,502
75$21,443,207$258,031$0$14,442,131
76$23,473,472$113,733$0$15,779,004
77$25,705,882$0$0$17,249,473
78$28,160,897$0$0$18,875,584
79$30,861,065$0$0$20,688,967
80$33,831,223$0$0$22,683,788
81$37,098,741$0$0$24,878,445
82$40,693,773$0$0$27,293,205
83$44,649,544$0$0$29,950,401
84$49,002,661$0$0$32,874,640
85$53,793,460$0$0$36,093,034
86$59,066,385$0$0$39,635,458
87$64,870,408$0$0$43,534,828
88$71,259,487$0$0$47,827,416
89$78,293,079$0$0$52,553,186
90$86,036,699$0$0$57,756,177
91$94,562,537$0$0$63,484,915
92$103,950,139$0$0$69,792,868
93$114,287,155$0$0$76,738,956
94$125,670,172$0$0$84,388,102
95$138,205,617$0$0$92,811,846
96$152,010,765$0$0$102,089,022
97$167,214,846$0$0$112,306,496
98$183,960,261$0$0$123,559,991
99$202,403,928$0$0$135,954,987
100$222,718,760$0$0$149,607,717