Can I retire at age 41 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$93,314$92,483$91,672$90,881$90,108$89,316
2 years$46,195$45,335$44,501$43,693$42,908$42,110
3 years$30,491$29,627$28,795$27,994$27,223$26,443
4 years$22,640$21,779$20,955$20,168$19,416$18,661
5 years$17,931$17,075$16,262$15,491$14,759$14,031
6 years$14,793$13,943$13,142$12,388$11,679$10,978
7 years$12,552$11,709$10,921$10,185$9,498$8,826
8 years$10,872$10,037$9,262$8,544$7,879$7,235
9 years$9,566$8,739$7,978$7,278$6,636$6,019
10 years$8,522$7,703$6,955$6,273$5,654$5,065
11 years$7,668$6,858$6,123$5,460$4,862$4,301
12 years$6,957$6,155$5,434$4,789$4,214$3,679
13 years$6,356$5,562$4,855$4,228$3,674$3,165
14 years$5,842$5,056$4,362$3,753$3,221$2,737
15 years$5,396$4,619$3,938$3,347$2,836$2,377
16 years$5,006$4,238$3,571$2,997$2,506$2,071
17 years$4,663$3,903$3,249$2,693$2,222$1,810
18 years$4,358$3,606$2,966$2,427$1,976$1,586
19 years$4,085$3,342$2,715$2,193$1,761$1,393
20 years$3,841$3,106$2,492$1,986$1,573$1,225
21 years$3,619$2,893$2,292$1,802$1,408$1,080
22 years$3,418$2,700$2,113$1,639$1,262$953
23 years$3,235$2,526$1,951$1,492$1,133$842
24 years$3,067$2,366$1,804$1,361$1,018$745
25 years$2,913$2,221$1,671$1,243$916$660
26 years$2,771$2,087$1,550$1,137$825$585
27 years$2,640$1,964$1,439$1,040$744$518
28 years$2,519$1,851$1,338$953$671$460
29 years$2,405$1,746$1,245$874$606$409
30 years$2,300$1,649$1,160$802$548$363
31 years$2,202$1,559$1,081$737$495$323
32 years$2,110$1,475$1,009$677$448$287
33 years$2,024$1,397$942$623$405$255
34 years$1,943$1,324$880$573$367$227
35 years$1,866$1,256$823$527$332$202
36 years$1,795$1,192$770$486$301$180
37 years$1,727$1,132$720$448$273$160
38 years$1,663$1,076$675$413$248$143
39 years$1,602$1,023$632$380$224$127
40 years$1,545$973$592$351$204$113
41 years$1,490$926$555$324$185$101
42 years$1,439$882$521$299$168$90
43 years$1,389$841$489$276$152$80
44 years$1,343$801$459$255$138$71
45 years$1,298$764$431$235$125$64
46 years$1,255$729$405$217$114$57
47 years$1,215$696$380$201$103$51
48 years$1,176$664$357$185$94$45
49 years$1,139$634$336$171$85$40
50 years$1,103$606$316$158$77$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,130,000, adding $4,712 every year, while hoping to spend $33,507 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: 37/36/27 Blend
40$1,130,000$1,130,000$1,130,000$1,130,000
41$1,250,120$1,190,230$1,172,715$1,286,130
42$1,341,982$1,212,901$1,176,350$1,335,771
43$1,442,089$1,235,558$1,178,984$1,385,953
44$1,551,250$1,258,168$1,180,547$1,439,511
45$1,670,350$1,280,691$1,180,968$1,496,773
46$1,800,366$1,303,085$1,180,170$1,558,099
47$1,942,372$1,325,305$1,178,075$1,623,889
48$2,097,551$1,347,302$1,174,598$1,694,583
49$2,267,206$1,369,024$1,169,651$1,770,668
50$2,452,770$1,390,416$1,163,144$1,852,682
51$2,655,823$1,411,416$1,154,979$1,941,220
52$2,878,102$1,431,961$1,145,056$2,036,937
53$3,121,522$1,451,981$1,133,270$2,140,560
54$3,388,192$1,471,403$1,119,509$2,252,888
55$3,680,433$1,490,147$1,103,658$2,374,806
56$4,000,802$1,508,128$1,085,595$2,507,292
57$4,352,114$1,525,257$1,065,193$2,651,423
58$4,737,472$1,541,438$1,042,319$2,808,392
59$5,160,293$1,556,566$1,016,835$2,979,514
60$5,624,338$1,570,533$988,595$3,166,240
61$6,133,753$1,583,222$957,445$3,370,175
62$6,693,104$1,594,509$923,228$3,593,090
63$7,307,421$1,604,260$885,776$3,836,937
64$7,982,244$1,612,335$844,916$4,103,876
65$8,723,678$1,618,583$800,465$4,396,287
66$9,538,445$1,622,847$752,233$4,716,799
67$10,433,955$1,624,955$700,022$5,068,314
68$11,418,369$1,624,728$643,623$5,454,032
69$12,500,677$1,621,974$582,819$5,877,488
70$13,690,787$1,616,491$517,384$6,342,580
71$14,999,611$1,608,064$447,080$6,853,612
72$16,439,175$1,596,462$371,661$7,415,331
73$18,022,727$1,581,445$290,868$8,032,976
74$19,764,865$1,562,755$204,431$8,712,327
75$21,681,670$1,540,119$112,069$9,459,759
76$23,790,864$1,513,249$13,487$10,282,307
77$26,111,973$1,481,839$0$11,187,732
78$28,666,510$1,445,564$0$12,211,017
79$31,478,179$1,404,083$0$13,341,046
80$34,573,101$1,357,030$0$14,584,441
81$37,980,056$1,304,023$0$15,952,792
82$41,730,756$1,244,654$0$17,458,874
83$45,860,144$1,178,493$0$19,116,773
84$50,406,725$1,105,085$0$20,942,014
85$55,412,925$1,023,949$0$22,951,715
86$60,925,496$934,576$0$25,164,746
87$66,995,954$836,427$0$27,601,906
88$73,681,065$728,935$0$30,286,127
89$81,043,380$611,499$0$33,242,684
90$89,151,826$483,485$0$36,499,444
91$98,082,358$344,221$0$40,087,119
92$107,918,671$193,000$0$44,039,569
93$118,752,993$29,075$0$48,394,114
94$130,686,955$0$0$53,191,895
95$143,832,546$0$0$58,537,024
96$158,313,178$0$0$64,437,915
97$174,264,839$0$0$70,938,495
98$191,837,387$0$0$78,099,864
99$211,195,958$0$0$85,989,350
100$232,522,524$0$0$94,681,148