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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$82,579$81,843$81,126$80,425$79,741$77,593
2 years$40,881$40,119$39,381$38,666$37,972$35,823
3 years$26,983$26,218$25,482$24,774$24,091$22,009
4 years$20,036$19,273$18,545$17,848$17,182$15,182
5 years$15,868$15,111$14,391$13,709$13,061$11,150
6 years$13,091$12,339$11,630$10,963$10,335$8,513
7 years$11,108$10,362$9,665$9,013$8,405$6,673
8 years$9,621$8,882$8,197$7,561$6,973$5,330
9 years$8,466$7,734$7,060$6,440$5,872$4,317
10 years$7,542$6,817$6,155$5,552$5,003$3,534
11 years$6,786$6,069$5,419$4,832$4,303$2,917
12 years$6,157$5,447$4,809$4,238$3,729$2,423
13 years$5,625$4,922$4,296$3,742$3,252$2,024
14 years$5,170$4,474$3,860$3,321$2,850$1,698
15 years$4,775$4,087$3,485$2,962$2,510$1,429
16 years$4,430$3,750$3,160$2,652$2,218$1,207
17 years$4,126$3,454$2,875$2,383$1,967$1,021
18 years$3,857$3,191$2,625$2,148$1,749$866
19 years$3,615$2,958$2,403$1,940$1,559$736
20 years$3,399$2,748$2,205$1,757$1,392$626
21 years$3,203$2,560$2,029$1,595$1,246$533
22 years$3,025$2,390$1,870$1,450$1,117$455
23 years$2,863$2,235$1,726$1,321$1,002$388
24 years$2,714$2,094$1,596$1,205$901$331
25 years$2,578$1,965$1,479$1,100$811$283
26 years$2,453$1,847$1,371$1,006$730$242
27 years$2,336$1,738$1,273$921$658$207
28 years$2,229$1,638$1,184$844$594$177
29 years$2,129$1,545$1,102$774$537$152
30 years$2,036$1,459$1,026$710$485$130
31 years$1,949$1,380$957$652$438$111
32 years$1,867$1,305$893$599$396$95
33 years$1,791$1,236$833$551$359$82
34 years$1,719$1,172$779$507$325$70
35 years$1,652$1,111$728$467$294$60
36 years$1,588$1,055$681$430$267$51
37 years$1,528$1,002$637$396$242$44
38 years$1,472$952$597$365$219$38
39 years$1,418$905$559$337$199$32
40 years$1,367$861$524$310$180$28
41 years$1,319$820$492$286$163$24
42 years$1,273$781$461$264$148$20
43 years$1,230$744$433$244$135$17
44 years$1,188$709$406$225$122$15
45 years$1,149$676$381$208$111$13
46 years$1,111$645$358$192$101$11
47 years$1,075$616$336$178$91$9
48 years$1,041$588$316$164$83$8
49 years$1,008$561$297$152$75$7
50 years$976$536$279$140$69$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,000,000, adding $5,295 every year, while hoping to spend $44,596 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: 51/19/30 Blend
40$1,000,000$1,000,000$1,000,000$1,000,000
41$1,107,462$1,054,462$1,038,962$1,154,321
42$1,172,973$1,058,681$1,026,317$1,191,837
43$1,243,672$1,061,612$1,011,754$1,227,746
44$1,320,040$1,063,144$995,162$1,265,938
45$1,402,608$1,063,162$976,423$1,306,650
46$1,491,957$1,061,540$955,417$1,350,146
47$1,588,727$1,058,146$932,014$1,396,722
48$1,693,623$1,052,841$906,082$1,446,702
49$1,807,418$1,045,475$877,481$1,500,450
50$1,930,963$1,035,892$846,065$1,558,366
51$2,065,194$1,023,923$811,681$1,620,897
52$2,211,140$1,009,392$774,168$1,688,536
53$2,369,935$992,111$733,362$1,761,831
54$2,542,824$971,880$689,085$1,841,388
55$2,731,180$948,490$641,157$1,927,881
56$2,936,511$921,717$589,387$2,022,053
57$3,160,478$891,324$533,575$2,124,730
58$3,404,910$857,062$473,513$2,236,824
59$3,671,819$818,667$408,984$2,359,348
60$3,963,421$775,857$339,760$2,493,420
61$4,282,154$728,338$265,606$2,640,278
62$4,630,703$675,796$186,273$2,801,293
63$5,012,025$617,900$101,504$2,977,979
64$5,429,375$554,301$11,028$3,172,015
65$5,886,337$484,628$0$3,385,253
66$6,386,859$408,490$0$3,647,120
67$6,935,289$325,476$0$3,938,051
68$7,536,412$235,149$0$4,257,117
69$8,195,503$137,047$0$4,607,188
70$8,918,368$30,686$0$4,991,429
71$9,711,403$0$0$5,413,333
72$10,581,653$0$0$5,894,406
73$11,536,879$0$0$6,429,602
74$12,585,629$0$0$7,017,309
75$13,737,319$0$0$7,662,815
76$15,002,322$0$0$8,371,951
77$16,392,065$0$0$9,151,135
78$17,919,136$0$0$10,007,441
79$19,597,404$0$0$10,948,662
80$21,442,146$0$0$11,983,381
81$23,470,194$0$0$13,121,058
82$25,700,094$0$0$14,372,111
83$28,152,275$0$0$15,748,023
84$30,849,248$0$0$17,261,441
85$33,815,814$0$0$18,926,302
86$37,079,297$0$0$20,757,961
87$40,669,806$0$0$22,773,336
88$44,620,512$0$0$24,991,069
89$48,967,964$0$0$27,431,698
90$53,752,436$0$0$30,117,854
91$59,018,301$0$0$33,074,475
92$64,814,452$0$0$36,329,036
93$71,194,764$0$0$39,911,812
94$78,218,598$0$0$43,856,164
95$85,951,366$0$0$48,198,850
96$94,465,141$0$0$52,980,374
97$103,839,344$0$0$58,245,370
98$114,161,487$0$0$64,043,016
99$125,528,000$0$0$70,427,506
100$138,045,141$0$0$77,458,555