Can I retire at age 41 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$86,708$85,936$85,182$84,447$83,728$81,804
2 years$42,925$42,125$41,351$40,599$39,871$37,943
3 years$28,332$27,529$26,757$26,012$25,296$23,424
4 years$21,037$20,237$19,472$18,740$18,041$16,240
5 years$16,662$15,866$15,111$14,394$13,715$11,990
6 years$13,745$12,956$12,212$11,511$10,852$9,205
7 years$11,663$10,880$10,148$9,464$8,825$7,256
8 years$10,102$9,326$8,606$7,939$7,322$5,830
9 years$8,889$8,120$7,413$6,762$6,166$4,750
10 years$7,919$7,158$6,463$5,829$5,254$3,913
11 years$7,125$6,372$5,690$5,073$4,518$3,250
12 years$6,465$5,719$5,049$4,450$3,915$2,718
13 years$5,906$5,168$4,511$3,929$3,414$2,286
14 years$5,428$4,698$4,053$3,487$2,993$1,930
15 years$5,014$4,292$3,660$3,110$2,635$1,637
16 years$4,652$3,938$3,318$2,785$2,329$1,392
17 years$4,333$3,626$3,019$2,502$2,065$1,186
18 years$4,049$3,351$2,756$2,255$1,836$1,014
19 years$3,796$3,106$2,523$2,037$1,637$867
20 years$3,569$2,886$2,316$1,845$1,462$744
21 years$3,363$2,688$2,130$1,675$1,308$638
22 years$3,176$2,509$1,963$1,523$1,173$548
23 years$3,006$2,347$1,813$1,387$1,053$472
24 years$2,850$2,199$1,676$1,265$946$406
25 years$2,707$2,063$1,553$1,155$851$350
26 years$2,575$1,939$1,440$1,056$767$301
27 years$2,453$1,825$1,337$967$691$260
28 years$2,340$1,720$1,243$886$624$224
29 years$2,235$1,622$1,157$812$563$193
30 years$2,137$1,532$1,077$745$509$167
31 years$2,046$1,448$1,004$685$460$144
32 years$1,961$1,371$937$629$416$125
33 years$1,880$1,298$875$579$377$108
34 years$1,805$1,230$818$532$341$93
35 years$1,734$1,167$764$490$309$80
36 years$1,668$1,107$715$451$280$69
37 years$1,605$1,052$669$416$254$60
38 years$1,545$1,000$627$383$230$52
39 years$1,489$951$587$353$209$45
40 years$1,436$904$550$326$189$39
41 years$1,385$861$516$301$172$34
42 years$1,337$820$484$278$156$29
43 years$1,291$781$454$256$141$25
44 years$1,248$745$426$237$128$22
45 years$1,206$710$400$218$116$19
46 years$1,167$677$376$202$106$16
47 years$1,129$646$353$186$96$14
48 years$1,093$617$332$172$87$12
49 years$1,058$589$312$159$79$11
50 years$1,025$563$293$147$72$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,050,000, adding $6,219 every year, while hoping to spend $44,040 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: 56/37/7 Blend
40$1,050,000$1,050,000$1,050,000$1,050,000
41$1,163,515$1,107,865$1,091,590$1,226,497
42$1,235,335$1,115,292$1,081,300$1,277,091
43$1,313,005$1,121,607$1,069,189$1,326,712
44$1,397,075$1,126,709$1,055,150$1,379,676
45$1,488,149$1,130,491$1,039,071$1,436,306
46$1,586,893$1,132,837$1,020,832$1,496,960
47$1,694,038$1,133,628$1,000,312$1,562,033
48$1,810,388$1,132,734$977,380$1,631,963
49$1,936,828$1,130,018$951,903$1,707,232
50$2,074,331$1,125,336$923,738$1,788,375
51$2,223,967$1,118,532$892,738$1,875,982
52$2,386,915$1,109,443$858,748$1,970,705
53$2,564,471$1,097,896$821,607$2,073,266
54$2,758,062$1,083,708$781,145$2,184,462
55$2,969,257$1,066,682$737,186$2,305,172
56$3,199,785$1,046,614$689,546$2,436,372
57$3,451,548$1,023,283$638,031$2,579,134
58$3,726,641$996,459$582,440$2,734,649
59$4,027,369$965,896$522,562$2,904,228
60$4,356,271$931,335$458,178$3,089,322
61$4,716,140$892,500$389,057$3,291,532
62$5,110,056$849,102$314,960$3,512,627
63$5,541,407$800,833$235,636$3,754,561
64$6,013,924$747,368$150,823$4,019,494
65$6,531,718$688,362$60,250$4,309,807
66$7,099,314$623,453$0$4,628,132
67$7,721,699$552,257$0$4,980,096
68$8,404,361$474,366$0$5,371,166
69$9,153,349$389,354$0$5,800,403
70$9,975,324$296,765$0$6,271,742
71$10,877,623$196,122$0$6,789,524
72$11,868,328$86,920$0$7,358,542
73$12,956,342$0$0$7,984,083
74$14,151,473$0$0$8,684,755
75$15,464,525$0$0$9,493,541
76$16,907,401$0$0$10,382,396
77$18,493,214$0$0$11,359,411
78$20,236,409$0$0$12,433,498
79$22,152,902$0$0$13,614,478
80$24,260,227$0$0$14,913,170
81$26,577,703$0$0$16,341,494
82$29,126,614$0$0$17,912,584
83$31,930,410$0$0$19,640,908
84$35,014,929$0$0$21,542,411
85$38,408,639$0$0$23,634,659
86$42,142,907$0$0$25,937,005
87$46,252,292$0$0$28,470,777
88$50,774,875$0$0$31,259,472
89$55,752,614$0$0$34,328,980
90$61,231,742$0$0$37,707,832
91$67,263,200$0$0$41,427,461
92$73,903,120$0$0$45,522,505
93$81,213,353$0$0$50,031,131
94$89,262,051$0$0$54,995,396
95$98,124,312$0$0$60,461,639
96$107,882,885$0$0$66,480,926
97$118,628,955$0$0$73,109,524
98$130,462,998$0$0$80,409,437
99$143,495,730$0$0$88,448,987
100$157,849,154$0$0$97,303,462