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%15.6%
1 years$110,656$109,670$108,709$107,770$106,853$104,398
2 years$54,780$53,760$52,771$51,813$50,883$48,422
3 years$36,157$35,133$34,146$33,197$32,282$29,893
4 years$26,848$25,826$24,850$23,916$23,024$20,726
5 years$21,263$20,248$19,285$18,370$17,502$15,301
6 years$17,542$16,534$15,585$14,691$13,849$11,747
7 years$14,885$13,885$12,951$12,078$11,263$9,260
8 years$12,893$11,902$10,983$10,132$9,344$7,440
9 years$11,344$10,363$9,460$8,630$7,869$6,062
10 years$10,106$9,135$8,248$7,439$6,705$4,993
11 years$9,093$8,132$7,261$6,474$5,766$4,148
12 years$8,250$7,299$6,444$5,679$4,997$3,469
13 years$7,538$6,596$5,757$5,014$4,357$2,917
14 years$6,927$5,996$5,173$4,451$3,820$2,464
15 years$6,399$5,477$4,670$3,969$3,363$2,089
16 years$5,937$5,025$4,234$3,554$2,972$1,776
17 years$5,529$4,628$3,853$3,193$2,635$1,514
18 years$5,168$4,276$3,517$2,878$2,343$1,293
19 years$4,845$3,963$3,220$2,600$2,089$1,107
20 years$4,554$3,683$2,955$2,355$1,866$949
21 years$4,292$3,430$2,718$2,137$1,670$815
22 years$4,053$3,202$2,505$1,943$1,496$700
23 years$3,836$2,995$2,313$1,770$1,343$602
24 years$3,637$2,806$2,139$1,614$1,207$518
25 years$3,455$2,633$1,981$1,474$1,086$446
26 years$3,286$2,475$1,838$1,348$979$385
27 years$3,131$2,329$1,706$1,234$882$332
28 years$2,987$2,195$1,586$1,130$796$286
29 years$2,853$2,071$1,476$1,037$719$247
30 years$2,728$1,955$1,375$951$650$213
31 years$2,611$1,849$1,282$874$587$184
32 years$2,502$1,749$1,196$803$531$159
33 years$2,400$1,656$1,117$738$481$137
34 years$2,304$1,570$1,043$679$435$119
35 years$2,213$1,489$976$625$394$103
36 years$2,128$1,413$913$576$357$89
37 years$2,048$1,342$854$531$324$77
38 years$1,972$1,276$800$489$294$66
39 years$1,900$1,213$749$451$266$57
40 years$1,832$1,154$702$416$241$50
41 years$1,767$1,099$659$384$219$43
42 years$1,706$1,046$618$354$199$37
43 years$1,648$997$580$327$180$32
44 years$1,592$950$544$302$164$28
45 years$1,539$906$511$279$149$24
46 years$1,489$864$480$258$135$21
47 years$1,441$825$451$238$123$18
48 years$1,394$788$424$220$111$15
49 years$1,350$752$398$203$101$13
50 years$1,308$718$374$188$92$12

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 $4,151 every year, while hoping to spend $55,015 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: 75/18/7 Blend
40$1,340,000$1,340,000$1,340,000$1,340,000
41$1,480,962$1,409,942$1,389,172$1,590,364
42$1,573,484$1,420,493$1,377,173$1,673,465
43$1,673,600$1,429,718$1,362,929$1,757,084
44$1,782,026$1,437,493$1,346,306$1,847,130
45$1,899,550$1,443,687$1,327,164$1,944,220
46$2,027,037$1,448,161$1,305,357$2,049,033
47$2,165,440$1,450,766$1,280,733$2,162,317
48$2,315,808$1,451,346$1,253,130$2,284,897
49$2,479,292$1,449,734$1,222,381$2,417,682
50$2,657,160$1,445,752$1,188,311$2,561,675
51$2,850,808$1,439,211$1,150,737$2,717,978
52$3,061,770$1,429,912$1,109,467$2,887,811
53$3,291,737$1,417,643$1,064,300$3,072,514
54$3,542,566$1,402,180$1,015,026$3,273,568
55$3,816,304$1,383,284$961,426$3,492,601
56$4,115,205$1,360,702$903,271$3,731,413
57$4,441,747$1,334,167$840,322$3,991,985
58$4,798,660$1,303,397$772,328$4,276,502
59$5,188,949$1,268,089$699,027$4,587,372
60$5,615,924$1,227,928$620,147$4,927,251
61$6,083,229$1,182,576$535,401$5,299,067
62$6,594,874$1,131,679$444,493$5,706,046
63$7,155,279$1,074,858$347,111$6,151,747
64$7,769,308$1,011,717$242,931$6,640,093
65$8,442,320$941,834$131,612$7,175,409
66$9,180,217$864,764$12,801$7,762,462
67$9,989,498$780,036$0$8,406,511
68$10,877,321$687,153$0$9,121,863
69$11,851,573$585,589$0$9,907,968
70$12,920,939$474,788$0$10,770,942
71$14,094,986$354,163$0$11,718,583
72$15,384,253$223,096$0$12,759,484
73$16,800,350$80,931$0$13,903,116
74$18,356,066$0$0$15,159,920
75$20,065,492$0$0$16,555,867
76$21,944,147$0$0$18,107,685
77$24,009,132$0$0$19,813,477
78$26,279,287$0$0$21,688,813
79$28,775,365$0$0$23,750,844
80$31,520,235$0$0$26,018,472
81$34,539,090$0$0$28,512,515
82$37,859,687$0$0$31,255,917
83$41,512,610$0$0$34,273,951
84$45,531,555$0$0$37,594,468
85$49,953,649$0$0$41,248,152
86$54,819,799$0$0$45,268,812
87$60,175,080$0$0$49,693,699
88$66,069,155$0$0$54,563,860
89$72,556,746$0$0$59,924,522
90$79,698,150$0$0$65,825,518
91$87,559,807$0$0$72,321,760
92$96,214,925$0$0$79,473,753
93$105,744,172$0$0$87,348,167
94$116,236,435$0$0$96,018,466
95$127,789,658$0$0$105,565,601
96$140,511,769$0$0$116,078,770
97$154,521,694$0$0$127,656,266
98$169,950,480$0$0$140,406,396
99$186,942,530$0$0$154,448,508
100$205,656,968$0$0$169,914,117