Can I retire at age 41 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$88,360$87,573$86,805$86,055$85,323$83,328
2 years$43,742$42,928$42,138$41,373$40,630$38,632
3 years$28,872$28,054$27,266$26,508$25,777$23,838
4 years$21,438$20,622$19,843$19,097$18,385$16,519
5 years$16,979$16,168$15,399$14,669$13,976$12,189
6 years$14,007$13,203$12,445$11,731$11,059$9,352
7 years$11,885$11,088$10,341$9,644$8,994$7,369
8 years$10,295$9,504$8,770$8,090$7,461$5,917
9 years$9,058$8,275$7,554$6,891$6,283$4,818
10 years$8,070$7,294$6,586$5,940$5,354$3,966
11 years$7,261$6,493$5,798$5,170$4,604$3,292
12 years$6,588$5,828$5,146$4,535$3,990$2,752
13 years$6,019$5,267$4,597$4,003$3,479$2,312
14 years$5,531$4,788$4,131$3,554$3,050$1,952
15 years$5,109$4,373$3,729$3,169$2,685$1,653
16 years$4,741$4,013$3,381$2,838$2,373$1,405
17 years$4,415$3,695$3,077$2,550$2,104$1,197
18 years$4,127$3,415$2,809$2,298$1,871$1,022
19 years$3,869$3,165$2,571$2,076$1,668$874
20 years$3,637$2,941$2,360$1,880$1,490$748
21 years$3,427$2,739$2,171$1,707$1,333$642
22 years$3,237$2,557$2,000$1,552$1,195$551
23 years$3,063$2,392$1,847$1,413$1,073$474
24 years$2,904$2,241$1,708$1,289$964$407
25 years$2,759$2,103$1,582$1,177$868$351
26 years$2,624$1,976$1,467$1,076$781$302
27 years$2,500$1,860$1,363$985$705$260
28 years$2,385$1,753$1,267$903$636$224
29 years$2,278$1,653$1,179$828$574$193
30 years$2,178$1,561$1,098$760$519$167
31 years$2,085$1,476$1,024$698$469$144
32 years$1,998$1,397$955$641$424$124
33 years$1,916$1,323$892$590$384$107
34 years$1,840$1,254$833$543$348$93
35 years$1,767$1,189$779$499$315$80
36 years$1,699$1,129$729$460$285$69
37 years$1,635$1,072$682$424$259$60
38 years$1,575$1,019$639$391$234$51
39 years$1,517$969$598$360$213$44
40 years$1,463$922$561$332$193$38
41 years$1,411$877$526$306$175$33
42 years$1,362$835$493$283$159$29
43 years$1,316$796$463$261$144$25
44 years$1,271$759$435$241$131$21
45 years$1,229$724$408$223$119$19
46 years$1,189$690$383$206$108$16
47 years$1,150$659$360$190$98$14
48 years$1,113$629$338$176$89$12
49 years$1,078$600$318$162$81$10
50 years$1,045$574$299$150$73$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,070,000, adding $2,623 every year, while hoping to spend $25,925 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: 47/27/26 Blend
40$1,070,000$1,070,000$1,070,000$1,070,000
41$1,181,846$1,125,136$1,108,551$1,228,487
42$1,274,810$1,152,683$1,118,103$1,289,123
43$1,376,388$1,180,712$1,127,107$1,352,152
44$1,487,430$1,209,218$1,135,516$1,420,061
45$1,608,874$1,238,196$1,143,282$1,493,321
46$1,741,752$1,267,640$1,150,354$1,572,451
47$1,887,200$1,297,543$1,156,680$1,658,022
48$2,046,469$1,327,897$1,162,203$1,750,666
49$2,220,936$1,358,692$1,166,865$1,851,077
50$2,412,120$1,389,916$1,170,603$1,960,023
51$2,621,691$1,421,557$1,173,353$2,078,346
52$2,851,489$1,453,599$1,175,046$2,206,978
53$3,103,542$1,486,027$1,175,612$2,346,946
54$3,380,083$1,518,821$1,174,974$2,499,380
55$3,683,569$1,551,961$1,173,054$2,665,526
56$4,016,711$1,585,426$1,169,769$2,846,760
57$4,382,493$1,619,188$1,165,033$3,044,596
58$4,784,200$1,653,221$1,158,754$3,260,705
59$5,225,454$1,687,495$1,150,839$3,496,929
60$5,710,244$1,721,976$1,141,185$3,755,296
61$6,242,964$1,756,628$1,129,690$4,038,045
62$6,828,456$1,791,412$1,116,244$4,347,642
63$7,472,052$1,826,284$1,100,731$4,686,807
64$8,179,627$1,861,199$1,083,032$5,058,539
65$8,957,657$1,896,105$1,063,022$5,466,141
66$9,813,273$1,930,949$1,040,567$5,913,257
67$10,754,332$1,965,671$1,015,532$6,403,904
68$11,789,492$2,000,207$987,771$6,942,509
69$12,928,293$2,034,490$957,134$7,533,953
70$14,181,244$2,068,445$923,463$8,183,616
71$15,559,925$2,101,993$886,593$8,897,430
72$17,077,096$2,135,049$846,353$9,681,932
73$18,746,816$2,167,522$802,561$10,544,331
74$20,584,574$2,199,314$755,030$11,492,570
75$22,607,439$2,230,319$703,562$12,535,408
76$24,834,219$2,260,425$647,952$13,682,500
77$27,285,636$2,289,513$587,985$14,944,486
78$29,984,524$2,317,453$523,436$16,333,096
79$32,956,046$2,344,108$454,072$17,861,262
80$36,227,925$2,369,333$379,646$19,543,236
81$39,830,713$2,392,969$299,903$21,394,728
82$43,798,073$2,414,851$214,577$23,433,056
83$48,167,099$2,434,802$123,388$25,677,306
84$52,978,666$2,452,630$26,045$28,148,519
85$58,277,817$2,468,136$0$30,869,884
86$64,114,185$2,481,105$0$33,888,556
87$70,542,460$2,491,308$0$37,220,231
88$77,622,912$2,498,503$0$40,888,820
89$85,421,951$2,502,431$0$44,928,648
90$94,012,759$2,502,820$0$49,377,539
91$103,475,980$2,499,377$0$54,277,179
92$113,900,477$2,491,794$0$59,673,506
93$125,384,176$2,479,743$0$65,617,145
94$138,034,988$2,462,875$0$72,163,889
95$151,971,823$2,440,822$0$79,375,220
96$167,325,719$2,413,193$0$87,318,898
97$184,241,074$2,379,572$0$96,069,592
98$202,877,013$2,339,519$0$105,709,595
99$223,408,882$2,292,570$0$116,329,593
100$246,029,912$2,238,230$0$128,029,526