Can I retire at age 41 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$92,489$91,665$90,861$90,076$89,310$86,730
2 years$45,786$44,934$44,107$43,306$42,529$39,949
3 years$30,221$29,365$28,540$27,747$26,982$24,484
4 years$22,440$21,586$20,770$19,990$19,244$16,847
5 years$17,772$16,924$16,118$15,354$14,629$12,340
6 years$14,662$13,820$13,026$12,279$11,575$9,396
7 years$12,441$11,606$10,825$10,095$9,414$7,345
8 years$10,776$9,948$9,180$8,469$7,810$5,849
9 years$9,482$8,662$7,907$7,213$6,577$4,723
10 years$8,447$7,635$6,893$6,218$5,604$3,854
11 years$7,601$6,797$6,069$5,411$4,819$3,171
12 years$6,896$6,100$5,386$4,747$4,176$2,626
13 years$6,300$5,513$4,812$4,191$3,642$2,186
14 years$5,790$5,011$4,324$3,720$3,193$1,827
15 years$5,348$4,578$3,904$3,317$2,811$1,533
16 years$4,962$4,200$3,539$2,970$2,484$1,290
17 years$4,622$3,868$3,221$2,669$2,203$1,087
18 years$4,319$3,574$2,940$2,405$1,959$919
19 years$4,049$3,313$2,691$2,173$1,746$778
20 years$3,807$3,078$2,470$1,968$1,559$659
21 years$3,587$2,867$2,272$1,786$1,395$559
22 years$3,388$2,677$2,094$1,624$1,251$475
23 years$3,206$2,503$1,933$1,479$1,123$404
24 years$3,040$2,345$1,788$1,349$1,009$343
25 years$2,888$2,201$1,656$1,232$908$292
26 years$2,747$2,069$1,536$1,127$818$249
27 years$2,617$1,947$1,426$1,031$737$212
28 years$2,496$1,834$1,326$945$665$181
29 years$2,384$1,731$1,234$866$601$154
30 years$2,280$1,634$1,149$795$543$131
31 years$2,182$1,545$1,071$730$491$112
32 years$2,091$1,462$1,000$671$444$96
33 years$2,006$1,384$933$617$402$82
34 years$1,925$1,312$872$568$364$70
35 years$1,850$1,245$815$523$330$59
36 years$1,779$1,181$763$481$299$51
37 years$1,712$1,122$714$444$271$43
38 years$1,648$1,066$669$409$245$37
39 years$1,588$1,014$626$377$222$32
40 years$1,531$965$587$348$202$27
41 years$1,477$918$551$321$183$23
42 years$1,426$874$516$296$166$20
43 years$1,377$833$485$273$151$17
44 years$1,331$794$455$252$137$14
45 years$1,286$757$427$233$124$12
46 years$1,244$723$401$215$113$10
47 years$1,204$689$377$199$102$9
48 years$1,166$658$354$184$93$8
49 years$1,129$629$333$170$84$6
50 years$1,094$600$313$157$77$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,120,000, adding $6,291 every year, while hoping to spend $40,357 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: 60/12/28 Blend
40$1,120,000$1,120,000$1,120,000$1,120,000
41$1,240,729$1,181,369$1,164,009$1,305,426
42$1,324,344$1,196,317$1,160,064$1,365,231
43$1,415,135$1,210,644$1,154,634$1,425,598
44$1,513,791$1,224,278$1,147,627$1,490,625
45$1,621,072$1,237,141$1,138,946$1,560,775
46$1,737,810$1,249,150$1,128,490$1,636,562
47$1,864,924$1,260,217$1,116,152$1,718,550
48$2,003,425$1,270,246$1,101,821$1,807,363
49$2,154,423$1,279,137$1,085,381$1,903,689
50$2,319,143$1,286,783$1,066,710$2,008,290
51$2,498,931$1,293,070$1,045,680$2,122,004
52$2,695,269$1,297,878$1,022,157$2,245,757
53$2,909,788$1,301,076$996,002$2,380,573
54$3,144,287$1,302,529$967,068$2,527,578
55$3,400,742$1,302,090$935,202$2,688,020
56$3,681,331$1,299,606$900,245$2,863,271
57$3,988,452$1,294,912$862,028$3,054,849
58$4,324,745$1,287,834$820,378$3,264,427
59$4,693,119$1,278,188$775,110$3,493,852
60$5,096,775$1,265,777$726,034$3,745,161
61$5,539,241$1,250,394$672,951$4,020,602
62$6,024,399$1,231,820$615,651$4,322,656
63$6,556,529$1,209,820$553,916$4,654,058
64$7,140,341$1,184,148$487,519$5,017,828
65$7,781,027$1,154,542$416,221$5,417,295
66$8,484,302$1,120,725$339,775$5,856,133
67$9,256,464$1,082,403$257,921$6,338,393
68$10,104,449$1,039,267$170,387$6,868,545
69$11,035,900$990,988$76,892$7,451,518
70$12,059,233$937,218$0$8,092,750
71$13,183,723$877,590$0$8,805,075
72$14,419,586$811,715$0$9,613,227
73$15,778,078$739,183$0$10,501,601
74$17,271,598$659,559$0$11,478,341
75$18,913,808$572,385$0$12,552,419
76$20,719,760$477,175$0$13,733,728
77$22,706,036$373,417$0$15,033,166
78$24,890,907$260,570$0$16,462,745
79$27,294,504$138,062$0$18,035,703
80$29,939,007$5,291$0$19,766,627
81$32,848,854$0$0$21,671,596
82$36,050,971$0$0$23,786,602
83$39,575,027$0$0$26,115,123
84$43,453,714$0$0$28,678,076
85$47,723,050$0$0$31,499,276
86$52,422,726$0$0$34,604,962
87$57,596,474$0$0$38,024,051
88$63,292,484$0$0$41,788,403
89$69,563,854$0$0$45,933,124
90$76,469,092$0$0$50,496,899
91$84,072,671$0$0$55,522,355
92$92,445,633$0$0$61,056,463
93$101,666,260$0$0$67,150,980
94$111,820,813$0$0$73,862,942
95$123,004,345$0$0$81,255,194
96$135,321,598$0$0$89,396,991
97$148,887,991$0$0$98,364,644
98$163,830,710$0$0$108,242,247
99$180,289,904$0$0$119,122,464
100$198,420,013$0$0$131,107,407