Can I retire at age 41 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$96,618$95,757$94,917$94,098$93,297$91,903
2 years$47,830$46,940$46,076$45,239$44,427$43,026
3 years$31,570$30,676$29,814$28,985$28,187$26,821
4 years$23,442$22,550$21,697$20,882$20,103$18,785
5 years$18,566$17,679$16,838$16,040$15,282$14,014
6 years$15,316$14,436$13,608$12,827$12,092$10,876
7 years$12,996$12,124$11,308$10,546$9,834$8,671
8 years$11,257$10,392$9,590$8,847$8,158$7,048
9 years$9,905$9,048$8,260$7,535$6,870$5,812
10 years$8,824$7,976$7,201$6,496$5,854$4,846
11 years$7,940$7,100$6,340$5,653$5,035$4,077
12 years$7,204$6,373$5,626$4,958$4,363$3,454
13 years$6,581$5,759$5,027$4,378$3,805$2,943
14 years$6,048$5,235$4,517$3,886$3,335$2,520
15 years$5,587$4,782$4,078$3,466$2,936$2,166
16 years$5,184$4,388$3,697$3,103$2,595$1,868
17 years$4,828$4,041$3,364$2,788$2,301$1,615
18 years$4,512$3,734$3,071$2,513$2,046$1,400
19 years$4,230$3,461$2,812$2,270$1,824$1,216
20 years$3,976$3,216$2,580$2,056$1,629$1,058
21 years$3,747$2,995$2,373$1,866$1,458$922
22 years$3,539$2,796$2,187$1,697$1,307$805
23 years$3,350$2,615$2,020$1,545$1,173$703
24 years$3,176$2,450$1,868$1,409$1,054$615
25 years$3,016$2,299$1,730$1,287$949$538
26 years$2,869$2,161$1,605$1,177$855$471
27 years$2,734$2,034$1,490$1,077$770$413
28 years$2,608$1,916$1,385$987$695$362
29 years$2,491$1,808$1,289$905$628$318
30 years$2,382$1,707$1,201$831$567$279
31 years$2,280$1,614$1,119$763$513$245
32 years$2,185$1,527$1,044$701$464$215
33 years$2,095$1,446$975$645$420$189
34 years$2,011$1,371$911$593$380$166
35 years$1,933$1,300$852$546$344$146
36 years$1,858$1,234$797$503$312$128
37 years$1,788$1,172$746$463$283$113
38 years$1,722$1,114$698$427$256$99
39 years$1,659$1,059$654$394$232$87
40 years$1,600$1,008$613$363$211$77
41 years$1,543$959$575$335$191$67
42 years$1,490$914$539$309$174$59
43 years$1,439$870$506$286$157$52
44 years$1,390$830$475$264$143$46
45 years$1,344$791$446$243$130$40
46 years$1,300$755$419$225$118$36
47 years$1,258$720$394$208$107$31
48 years$1,218$688$370$192$97$28
49 years$1,179$657$348$177$88$24
50 years$1,142$627$327$164$80$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,170,000, adding $4,876 every year, while hoping to spend $20,374 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: 54/21/25 Blend
40$1,170,000$1,170,000$1,170,000$1,170,000
41$1,294,370$1,232,360$1,214,225$1,355,084
42$1,404,718$1,271,067$1,233,223$1,436,155
43$1,525,638$1,310,989$1,252,176$1,521,854
44$1,658,188$1,352,163$1,271,059$1,614,733
45$1,803,532$1,394,627$1,289,848$1,715,487
46$1,962,951$1,438,423$1,308,516$1,824,881
47$2,137,858$1,483,591$1,327,038$1,943,757
48$2,329,808$1,530,176$1,345,382$2,073,043
49$2,540,515$1,578,221$1,363,518$2,213,761
50$2,771,865$1,627,771$1,381,414$2,367,035
51$3,025,938$1,678,875$1,399,034$2,534,103
52$3,305,023$1,731,579$1,416,341$2,716,330
53$3,611,644$1,785,935$1,433,297$2,915,218
54$3,948,580$1,841,994$1,449,861$3,132,421
55$4,318,893$1,899,810$1,465,989$3,369,763
56$4,725,955$1,959,436$1,481,635$3,629,251
57$5,173,484$2,020,929$1,496,751$3,913,096
58$5,665,574$2,084,349$1,511,287$4,223,735
59$6,206,735$2,149,755$1,525,187$4,563,852
60$6,801,937$2,217,208$1,538,396$4,936,402
61$7,456,657$2,286,774$1,550,855$5,344,645
62$8,176,927$2,358,517$1,562,500$5,792,167
63$8,969,395$2,432,506$1,573,265$6,282,923
64$9,841,385$2,508,810$1,583,081$6,821,269
65$10,800,967$2,587,503$1,591,875$7,412,004
66$11,857,033$2,668,658$1,599,570$8,060,416
67$13,019,381$2,752,352$1,606,086$8,772,332
68$14,298,805$2,838,664$1,611,337$9,554,172
69$15,707,200$2,927,676$1,615,234$10,413,008
70$17,257,675$3,019,473$1,617,685$11,356,636
71$18,964,671$3,114,140$1,618,590$12,393,643
72$20,844,101$3,211,767$1,617,847$13,533,493
73$22,913,502$3,312,446$1,615,348$14,786,612
74$25,192,197$3,416,273$1,610,979$16,164,493
75$27,701,475$3,523,345$1,604,622$17,679,794
76$30,464,800$3,633,763$1,596,151$19,346,469
77$33,508,024$3,747,632$1,585,436$21,179,891
78$36,859,635$3,865,059$1,572,341$23,197,002
79$40,551,025$3,986,153$1,556,721$25,416,468
80$44,616,785$4,111,031$1,538,427$27,858,862
81$49,095,034$4,239,808$1,517,301$30,546,852
82$54,027,776$4,372,606$1,493,179$33,505,418
83$59,461,296$4,509,551$1,465,887$36,762,087
84$65,446,599$4,650,771$1,435,246$40,347,193
85$72,039,892$4,796,398$1,401,066$44,294,164
86$79,303,109$4,946,569$1,363,150$48,639,835
87$87,304,502$5,101,427$1,321,291$53,424,799
88$96,119,279$5,261,115$1,275,272$58,693,788
89$105,830,320$5,425,784$1,224,868$64,496,096
90$116,528,954$5,595,589$1,169,842$70,886,044
91$128,315,822$5,770,688$1,109,947$77,923,494
92$141,301,830$5,951,245$1,044,925$85,674,412
93$155,609,191$6,137,431$974,504$94,211,494
94$171,372,582$6,329,418$898,404$103,614,848
95$188,740,414$6,527,388$816,328$113,972,755
96$207,876,231$6,731,525$727,970$125,382,497
97$228,960,256$6,942,019$633,007$137,951,281
98$252,191,093$7,159,069$531,103$151,797,249
99$277,787,597$7,382,876$421,907$167,050,592
100$305,990,944$7,613,649$305,054$183,854,780