Can I retire at age 41 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$83,405$82,662$81,937$81,230$80,539$78,117
2 years$41,290$40,521$39,775$39,053$38,352$35,932
3 years$27,253$26,481$25,737$25,021$24,332$21,991
4 years$20,236$19,466$18,730$18,027$17,354$15,109
5 years$16,027$15,262$14,535$13,846$13,192$11,049
6 years$13,222$12,462$11,747$11,073$10,438$8,400
7 years$11,219$10,466$9,762$9,104$8,489$6,554
8 years$9,717$8,971$8,279$7,637$7,043$5,211
9 years$8,550$7,811$7,130$6,505$5,931$4,200
10 years$7,617$6,885$6,216$5,607$5,053$3,421
11 years$6,854$6,129$5,473$4,880$4,346$2,809
12 years$6,219$5,501$4,857$4,280$3,766$2,321
13 years$5,681$4,972$4,339$3,779$3,284$1,929
14 years$5,221$4,519$3,899$3,355$2,879$1,609
15 years$4,823$4,128$3,520$2,992$2,535$1,347
16 years$4,475$3,788$3,192$2,679$2,240$1,131
17 years$4,168$3,488$2,904$2,407$1,986$951
18 years$3,895$3,223$2,651$2,169$1,766$802
19 years$3,652$2,987$2,427$1,960$1,574$677
20 years$3,433$2,776$2,227$1,775$1,406$573
21 years$3,235$2,586$2,049$1,611$1,258$485
22 years$3,055$2,414$1,888$1,465$1,128$411
23 years$2,891$2,257$1,743$1,334$1,013$348
24 years$2,742$2,115$1,612$1,217$910$296
25 years$2,604$1,985$1,493$1,111$819$251
26 years$2,477$1,865$1,385$1,016$738$213
27 years$2,360$1,756$1,286$930$665$181
28 years$2,251$1,654$1,196$852$600$154
29 years$2,150$1,561$1,113$781$542$131
30 years$2,056$1,474$1,036$717$490$111
31 years$1,968$1,393$966$659$443$95
32 years$1,886$1,318$901$605$400$81
33 years$1,809$1,248$842$557$362$69
34 years$1,736$1,183$786$512$328$58
35 years$1,668$1,122$735$471$297$50
36 years$1,604$1,065$688$434$269$42
37 years$1,544$1,012$644$400$244$36
38 years$1,486$962$603$369$221$31
39 years$1,432$914$565$340$201$26
40 years$1,381$870$529$314$182$22
41 years$1,332$828$496$289$165$19
42 years$1,286$789$466$267$150$16
43 years$1,242$751$437$246$136$14
44 years$1,200$716$410$228$123$12
45 years$1,160$683$385$210$112$10
46 years$1,122$652$362$194$102$8
47 years$1,086$622$340$179$92$7
48 years$1,051$594$319$166$84$6
49 years$1,018$567$300$153$76$5
50 years$986$541$282$142$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,010,000, adding $6,517 every year, while hoping to spend $40,596 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: 55/38/7 Blend
40$1,010,000$1,010,000$1,010,000$1,010,000
41$1,119,742$1,066,212$1,050,557$1,179,174
42$1,190,762$1,075,263$1,042,557$1,229,095
43$1,267,665$1,083,396$1,032,928$1,278,356
44$1,351,009$1,090,525$1,021,574$1,330,999
45$1,441,407$1,096,555$1,008,391$1,387,351
46$1,539,531$1,101,387$993,273$1,447,772
47$1,646,125$1,104,916$976,108$1,512,661
48$1,762,001$1,107,029$956,780$1,582,461
49$1,888,058$1,107,607$935,165$1,657,657
50$2,025,283$1,106,522$911,136$1,738,788
51$2,174,761$1,103,640$884,558$1,826,449
52$2,337,687$1,098,819$855,291$1,921,298
53$2,515,375$1,091,906$823,188$2,024,060
54$2,709,275$1,082,740$788,096$2,135,538
55$2,920,978$1,071,151$749,854$2,256,617
56$3,152,238$1,056,959$708,295$2,388,277
57$3,404,987$1,039,970$663,243$2,531,598
58$3,681,349$1,019,982$614,515$2,687,776
59$3,983,666$996,780$561,920$2,858,128
60$4,314,513$970,136$505,258$3,044,113
61$4,676,730$939,809$444,321$3,247,337
62$5,073,439$905,543$378,888$3,469,579
63$5,508,083$867,068$308,734$3,712,800
64$5,984,452$824,097$233,621$3,979,165
65$6,506,717$776,330$153,299$4,271,065
66$7,079,477$723,445$67,509$4,591,142
67$7,707,795$665,105$0$4,942,309
68$8,397,247$600,951$0$5,329,579
69$9,153,975$530,607$0$5,760,206
70$9,984,746$453,672$0$6,233,083
71$10,897,013$369,726$0$6,752,561
72$11,898,987$278,321$0$7,323,437
73$12,999,713$178,987$0$7,951,007
74$14,209,154$71,228$0$8,641,111
75$15,538,287$0$0$9,400,193
76$16,999,205$0$0$10,254,380
77$18,605,232$0$0$11,226,254
78$20,371,044$0$0$12,294,926
79$22,312,814$0$0$13,470,196
80$24,448,358$0$0$14,762,861
81$26,797,306$0$0$16,184,817
82$29,381,287$0$0$17,749,171
83$32,224,128$0$0$19,470,364
84$35,352,087$0$0$21,364,309
85$38,794,093$0$0$23,448,537
86$42,582,020$0$0$25,742,365
87$46,750,990$0$0$28,267,080
88$51,339,701$0$0$31,046,134
89$56,390,794$0$0$34,105,370
90$61,951,254$0$0$37,473,262
91$68,072,851$0$0$41,181,187
92$74,812,632$0$0$45,263,719
93$82,233,457$0$0$49,758,954
94$90,404,588$0$0$54,708,870
95$99,402,349$0$0$60,159,724
96$109,310,841$0$0$66,162,488
97$120,222,737$0$0$72,773,328
98$132,240,155$0$0$80,054,134
99$145,475,624$0$0$88,073,108
100$160,053,139$0$0$96,905,401