Can I retire at age 41 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$85,056$84,299$83,560$82,838$82,134$79,504
2 years$42,107$41,323$40,563$39,826$39,111$36,487
3 years$27,793$27,005$26,247$25,517$24,814$22,276
4 years$20,637$19,852$19,101$18,384$17,697$15,266
5 years$16,344$15,564$14,823$14,120$13,453$11,135
6 years$13,484$12,709$11,979$11,292$10,645$8,442
7 years$11,441$10,673$9,955$9,284$8,657$6,568
8 years$9,910$9,149$8,443$7,788$7,182$5,206
9 years$8,720$7,966$7,272$6,634$6,048$4,184
10 years$7,768$7,021$6,339$5,718$5,154$3,397
11 years$6,990$6,251$5,581$4,977$4,432$2,780
12 years$6,342$5,610$4,953$4,365$3,841$2,290
13 years$5,794$5,070$4,425$3,854$3,349$1,896
14 years$5,325$4,609$3,976$3,421$2,936$1,576
15 years$4,918$4,210$3,590$3,051$2,585$1,315
16 years$4,563$3,863$3,255$2,732$2,285$1,100
17 years$4,250$3,557$2,962$2,454$2,026$922
18 years$3,972$3,287$2,704$2,212$1,801$774
19 years$3,724$3,046$2,475$1,999$1,605$652
20 years$3,501$2,831$2,272$1,810$1,434$549
21 years$3,299$2,637$2,089$1,643$1,283$463
22 years$3,116$2,461$1,926$1,494$1,150$391
23 years$2,949$2,302$1,778$1,360$1,033$330
24 years$2,796$2,157$1,644$1,241$928$279
25 years$2,655$2,024$1,523$1,133$835$236
26 years$2,526$1,902$1,413$1,036$752$199
27 years$2,407$1,790$1,312$948$678$169
28 years$2,296$1,687$1,219$869$612$143
29 years$2,193$1,592$1,135$797$553$121
30 years$2,097$1,503$1,057$731$499$103
31 years$2,007$1,421$985$672$451$87
32 years$1,923$1,344$919$617$408$74
33 years$1,845$1,273$858$568$370$62
34 years$1,771$1,207$802$522$335$53
35 years$1,701$1,145$750$481$303$45
36 years$1,636$1,086$701$443$275$38
37 years$1,574$1,032$657$408$249$32
38 years$1,516$981$615$376$226$27
39 years$1,461$932$576$347$205$23
40 years$1,408$887$540$320$186$20
41 years$1,359$844$506$295$168$17
42 years$1,311$804$475$272$153$14
43 years$1,266$766$446$251$139$12
44 years$1,224$730$418$232$126$10
45 years$1,183$697$393$214$114$9
46 years$1,144$664$369$198$104$7
47 years$1,107$634$347$183$94$6
48 years$1,072$605$326$169$86$5
49 years$1,038$578$306$156$78$4
50 years$1,006$552$288$144$71$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,030,000, adding $4,938 every year, while hoping to spend $30,468 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: 38/45/17 Blend
40$1,030,000$1,030,000$1,030,000$1,030,000
41$1,140,154$1,085,564$1,069,599$1,177,475
42$1,224,031$1,106,338$1,073,012$1,225,501
43$1,315,444$1,127,110$1,075,519$1,274,095
44$1,415,127$1,147,846$1,077,057$1,325,967
45$1,523,891$1,168,512$1,077,560$1,381,429
46$1,642,629$1,189,070$1,076,959$1,440,824
47$1,772,321$1,209,479$1,075,181$1,504,533
48$1,914,050$1,229,695$1,072,152$1,572,974
49$2,069,005$1,249,672$1,067,791$1,646,609
50$2,238,497$1,269,360$1,062,015$1,725,948
51$2,423,968$1,288,703$1,054,738$1,811,555
52$2,627,008$1,307,644$1,045,866$1,904,053
53$2,849,365$1,326,121$1,035,305$2,004,126
54$3,092,966$1,344,067$1,022,953$2,112,533
55$3,359,933$1,361,410$1,008,706$2,230,110
56$3,652,602$1,378,075$992,454$2,357,781
57$3,973,547$1,393,981$974,081$2,496,565
58$4,325,603$1,409,039$953,466$2,647,587
59$4,711,890$1,423,159$930,484$2,812,087
60$5,135,849$1,436,240$905,001$2,991,437
61$5,601,268$1,448,177$876,881$3,187,149
62$6,112,318$1,458,859$845,977$3,400,891
63$6,673,596$1,468,165$812,139$3,634,506
64$7,290,167$1,475,968$775,209$3,890,027
65$7,967,607$1,482,134$735,022$4,169,696
66$8,712,062$1,486,518$691,404$4,475,988
67$9,530,302$1,488,967$644,176$4,811,636
68$10,429,785$1,489,318$593,148$5,179,651
69$11,418,728$1,487,400$538,124$5,583,360
70$12,506,185$1,483,029$478,897$6,026,431
71$13,702,128$1,476,010$415,253$6,512,911
72$15,017,547$1,466,136$346,966$7,047,265
73$16,464,550$1,453,190$273,803$7,634,418
74$18,056,477$1,436,939$195,517$8,279,805
75$19,808,025$1,417,136$111,855$8,989,420
76$21,735,389$1,393,522$22,547$9,769,873
77$23,856,413$1,365,819$0$10,628,460
78$26,190,758$1,333,735$0$11,586,421
79$28,760,088$1,296,960$0$12,644,653
80$31,588,272$1,255,166$0$13,808,903
81$34,701,613$1,208,006$0$15,090,022
82$38,129,091$1,155,112$0$16,499,970
83$41,902,642$1,096,096$0$18,051,938
84$46,057,452$1,030,546$0$19,760,466
85$50,632,297$958,028$0$21,641,586
86$55,669,901$878,081$0$23,712,970
87$61,217,344$790,219$0$25,994,106
88$67,326,502$693,929$0$28,506,474
89$74,054,542$588,669$0$31,273,755
90$81,464,456$473,864$0$34,322,058
91$89,625,655$348,908$0$37,680,162
92$98,614,629$213,162$0$41,379,796
93$108,515,665$65,950$0$45,455,937
94$119,421,639$0$0$49,947,140
95$131,434,901$0$0$54,942,178
96$144,668,231$0$0$60,480,696
97$159,245,910$0$0$66,582,077
98$175,304,890$0$0$73,303,668
99$192,996,088$0$0$80,708,663
100$212,485,805$0$0$88,866,700