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%13.2%
1 years$82,579$81,843$81,126$80,425$79,741$78,680
2 years$40,881$40,119$39,381$38,666$37,972$36,904
3 years$26,983$26,218$25,482$24,774$24,091$23,050
4 years$20,036$19,273$18,545$17,848$17,182$16,176
5 years$15,868$15,111$14,391$13,709$13,061$12,093
6 years$13,091$12,339$11,630$10,963$10,335$9,406
7 years$11,108$10,362$9,665$9,013$8,405$7,515
8 years$9,621$8,882$8,197$7,561$6,973$6,123
9 years$8,466$7,734$7,060$6,440$5,872$5,061
10 years$7,542$6,817$6,155$5,552$5,003$4,230
11 years$6,786$6,069$5,419$4,832$4,303$3,567
12 years$6,157$5,447$4,809$4,238$3,729$3,030
13 years$5,625$4,922$4,296$3,742$3,252$2,589
14 years$5,170$4,474$3,860$3,321$2,850$2,222
15 years$4,775$4,087$3,485$2,962$2,510$1,915
16 years$4,430$3,750$3,160$2,652$2,218$1,656
17 years$4,126$3,454$2,875$2,383$1,967$1,437
18 years$3,857$3,191$2,625$2,148$1,749$1,249
19 years$3,615$2,958$2,403$1,940$1,559$1,088
20 years$3,399$2,748$2,205$1,757$1,392$950
21 years$3,203$2,560$2,029$1,595$1,246$830
22 years$3,025$2,390$1,870$1,450$1,117$726
23 years$2,863$2,235$1,726$1,321$1,002$637
24 years$2,714$2,094$1,596$1,205$901$558
25 years$2,578$1,965$1,479$1,100$811$490
26 years$2,453$1,847$1,371$1,006$730$431
27 years$2,336$1,738$1,273$921$658$379
28 years$2,229$1,638$1,184$844$594$333
29 years$2,129$1,545$1,102$774$537$293
30 years$2,036$1,459$1,026$710$485$258
31 years$1,949$1,380$957$652$438$227
32 years$1,867$1,305$893$599$396$200
33 years$1,791$1,236$833$551$359$177
34 years$1,719$1,172$779$507$325$156
35 years$1,652$1,111$728$467$294$137
36 years$1,588$1,055$681$430$267$121
37 years$1,528$1,002$637$396$242$107
38 years$1,472$952$597$365$219$94
39 years$1,418$905$559$337$199$83
40 years$1,367$861$524$310$180$73
41 years$1,319$820$492$286$163$65
42 years$1,273$781$461$264$148$57
43 years$1,230$744$433$244$135$50
44 years$1,188$709$406$225$122$45
45 years$1,149$676$381$208$111$39
46 years$1,111$645$358$192$101$35
47 years$1,075$616$336$178$91$31
48 years$1,041$588$316$164$83$27
49 years$1,008$561$297$152$75$24
50 years$976$536$279$140$69$21

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 $5,760 every year, while hoping to spend $29,937 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: 50/22/28 Blend
40$1,000,000$1,000,000$1,000,000$1,000,000
41$1,107,941$1,054,941$1,039,441$1,154,306
42$1,189,099$1,074,781$1,042,410$1,207,151
43$1,277,531$1,094,589$1,044,475$1,261,117
44$1,373,948$1,114,333$1,045,573$1,319,191
45$1,479,132$1,133,976$1,045,642$1,381,776
46$1,593,943$1,153,481$1,044,611$1,449,319
47$1,719,330$1,172,806$1,042,409$1,522,310
48$1,856,334$1,191,906$1,038,963$1,601,294
49$2,006,104$1,210,734$1,034,192$1,686,867
50$2,169,904$1,229,237$1,028,015$1,779,693
51$2,349,126$1,247,361$1,020,345$1,880,498
52$2,545,302$1,265,047$1,011,092$1,990,090
53$2,760,120$1,282,231$1,000,160$2,109,354
54$2,995,438$1,298,846$987,451$2,239,271
55$3,253,302$1,314,820$972,860$2,380,922
56$3,535,967$1,330,074$956,279$2,535,500
57$3,845,915$1,344,527$937,594$2,704,319
58$4,185,880$1,358,090$916,685$2,888,833
59$4,558,873$1,370,670$893,428$3,090,643
60$4,968,212$1,382,167$867,691$3,311,515
61$5,417,550$1,392,473$839,339$3,553,399
62$5,910,911$1,401,476$808,228$3,818,444
63$6,452,730$1,409,054$774,209$4,109,024
64$7,047,890$1,415,079$737,127$4,427,753
65$7,701,770$1,419,414$696,817$4,777,518
66$8,420,299$1,421,913$653,108$5,161,502
67$9,210,006$1,422,424$605,824$5,583,216
68$10,078,085$1,420,780$554,777$6,046,530
69$11,032,460$1,416,809$499,772$6,555,717
70$12,081,863$1,410,325$440,607$7,115,486
71$13,235,915$1,401,132$377,069$7,731,030
72$14,505,213$1,389,022$308,935$8,408,078
73$15,901,435$1,373,775$235,976$9,152,946
74$17,437,448$1,355,157$157,947$9,972,599
75$19,127,428$1,332,919$74,598$10,874,719
76$20,986,993$1,306,800$0$11,867,774
77$23,033,354$1,276,520$0$12,965,392
78$25,285,472$1,241,786$0$14,197,645
79$27,764,242$1,202,286$0$15,553,663
80$30,492,686$1,157,689$0$17,046,054
81$33,496,171$1,107,647$0$18,688,714
82$36,802,648$1,051,789$0$20,496,957
83$40,442,916$989,724$0$22,487,665
84$44,450,913$921,041$0$24,679,440
85$48,864,035$845,300$0$27,092,785
86$53,723,487$762,041$0$29,750,298
87$59,074,677$670,775$0$32,676,884
88$64,967,636$570,985$0$35,899,991
89$71,457,499$462,127$0$39,449,871
90$78,605,018$343,625$0$43,359,866
91$86,477,137$214,870$0$47,666,719
92$95,147,626$75,220$0$52,410,929
93$104,697,775$0$0$57,637,130
94$115,217,159$0$0$63,412,909
95$126,804,487$0$0$69,795,267
96$139,568,530$0$0$76,825,924
97$153,629,150$0$0$84,570,921
98$169,118,430$0$0$93,103,034
99$186,181,918$0$0$102,502,457
100$204,980,004$0$0$112,857,563