Can I retire at age 41 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$85,882$85,117$84,371$83,642$82,931$82,478
2 years$42,516$41,724$40,957$40,213$39,491$39,033
3 years$28,062$27,267$26,502$25,765$25,055$24,607
4 years$20,837$20,044$19,286$18,562$17,869$17,435
5 years$16,503$15,715$14,967$14,257$13,584$13,165
6 years$13,615$12,832$12,096$11,402$10,748$10,345
7 years$11,552$10,777$10,052$9,374$8,741$8,353
8 years$10,006$9,238$8,524$7,864$7,252$6,879
9 years$8,804$8,043$7,342$6,698$6,107$5,750
10 years$7,843$7,089$6,401$5,774$5,204$4,861
11 years$7,058$6,311$5,635$5,025$4,475$4,148
12 years$6,403$5,665$5,001$4,408$3,878$3,566
13 years$5,850$5,119$4,468$3,891$3,382$3,084
14 years$5,376$4,653$4,015$3,454$2,964$2,681
15 years$4,966$4,251$3,625$3,081$2,610$2,340
16 years$4,608$3,900$3,286$2,758$2,307$2,050
17 years$4,292$3,592$2,991$2,478$2,045$1,802
18 years$4,011$3,319$2,730$2,233$1,819$1,588
19 years$3,760$3,076$2,499$2,018$1,621$1,402
20 years$3,535$2,858$2,294$1,828$1,448$1,241
21 years$3,331$2,662$2,110$1,659$1,296$1,100
22 years$3,146$2,485$1,944$1,508$1,161$977
23 years$2,977$2,324$1,795$1,374$1,043$868
24 years$2,823$2,178$1,660$1,253$937$773
25 years$2,681$2,044$1,538$1,144$843$689
26 years$2,551$1,921$1,426$1,046$760$614
27 years$2,430$1,808$1,324$958$685$548
28 years$2,318$1,703$1,231$877$618$490
29 years$2,214$1,607$1,146$805$558$437
30 years$2,117$1,518$1,067$738$504$391
31 years$2,027$1,435$995$678$456$350
32 years$1,942$1,357$928$623$412$313
33 years$1,862$1,286$867$573$373$281
34 years$1,788$1,218$810$527$338$251
35 years$1,718$1,156$757$485$306$225
36 years$1,652$1,097$708$447$277$202
37 years$1,589$1,042$663$412$251$181
38 years$1,530$990$621$380$228$162
39 years$1,475$941$582$350$207$145
40 years$1,422$896$545$323$187$131
41 years$1,372$853$511$298$170$117
42 years$1,324$812$480$275$154$105
43 years$1,279$774$450$254$140$94
44 years$1,236$738$422$234$127$85
45 years$1,195$703$397$216$115$76
46 years$1,155$671$372$200$105$68
47 years$1,118$640$350$185$95$61
48 years$1,082$611$329$171$86$55
49 years$1,048$584$309$158$78$49
50 years$1,015$558$291$146$71$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,040,000, adding $4,498 every year, while hoping to spend $58,833 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: 55/20/25 Blend
40$1,040,000$1,040,000$1,040,000$1,040,000
41$1,150,720$1,095,600$1,079,480$1,205,874
42$1,205,495$1,086,686$1,053,044$1,235,367
43$1,263,886$1,075,364$1,023,752$1,260,961
44$1,326,199$1,061,453$991,444$1,287,613
45$1,392,769$1,044,763$955,955$1,315,447
46$1,463,966$1,025,091$917,114$1,344,597
47$1,540,193$1,002,222$874,740$1,375,217
48$1,621,892$975,930$828,643$1,407,480
49$1,709,549$945,975$778,626$1,441,578
50$1,803,697$912,102$724,485$1,477,728
51$1,904,922$874,042$666,002$1,516,172
52$2,013,864$831,511$602,954$1,557,182
53$2,131,230$784,207$535,105$1,601,063
54$2,257,794$731,811$462,209$1,648,152
55$2,394,406$673,987$384,010$1,698,829
56$2,542,002$610,379$300,241$1,753,517
57$2,701,608$540,610$210,621$1,812,687
58$2,874,355$464,282$114,859$1,876,866
59$3,061,482$380,976$12,651$1,946,639
60$3,264,357$290,246$0$2,022,658
61$3,484,478$191,625$0$2,131,371
62$3,723,497$84,617$0$2,253,135
63$3,983,230$0$0$2,385,565
64$4,265,673$0$0$2,536,641
65$4,573,024$0$0$2,721,390
66$4,907,701$0$0$2,922,653
67$5,272,365$0$0$3,142,040
68$5,669,942$0$0$3,381,326
69$6,103,656$0$0$3,642,460
70$6,577,053$0$0$3,927,592
71$7,094,038$0$0$4,239,085
72$7,658,908$0$0$4,579,544
73$8,276,395$0$0$4,951,833
74$8,951,709$0$0$5,359,109
75$9,690,585$0$0$5,804,847
76$10,499,339$0$0$6,292,871
77$11,384,926$0$0$6,827,396
78$12,355,004$0$0$7,413,060
79$13,418,008$0$0$8,054,975
80$14,583,226$0$0$8,758,767
81$15,860,889$0$0$9,530,634
82$17,262,264$0$0$10,377,404
83$18,799,762$0$0$11,306,596
84$20,487,052$0$0$12,326,493
85$22,339,191$0$0$13,446,217
86$24,372,766$0$0$14,675,819
87$26,606,048$0$0$16,026,371
88$29,059,163$0$0$17,510,068
89$31,754,284$0$0$19,140,346
90$34,715,836$0$0$20,932,006
91$37,970,729$0$0$22,901,355
92$41,548,608$0$0$25,066,358
93$45,482,134$0$0$27,446,806
94$49,807,290$0$0$30,064,505
95$54,563,720$0$0$32,943,481
96$59,795,103$0$0$36,110,204
97$65,549,563$0$0$39,593,836
98$71,880,121$0$0$43,426,511
99$78,845,197$0$0$47,643,633
100$86,509,161$0$0$52,284,211