Can I retire at age 41 with 1,200,000?

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 $1,200,000?

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$99,095$98,212$97,351$96,510$95,690$94,260
2 years$49,057$48,143$47,258$46,399$45,567$44,129
3 years$32,380$31,462$30,579$29,728$28,909$27,509
4 years$24,043$23,128$22,254$21,418$20,618$19,266
5 years$19,042$18,133$17,270$16,451$15,674$14,374
6 years$15,709$14,807$13,956$13,156$12,402$11,155
7 years$13,329$12,435$11,598$10,816$10,086$8,893
8 years$11,546$10,659$9,836$9,073$8,367$7,228
9 years$10,159$9,280$8,472$7,729$7,047$5,961
10 years$9,050$8,180$7,386$6,662$6,004$4,970
11 years$8,143$7,282$6,502$5,798$5,164$4,181
12 years$7,388$6,536$5,771$5,086$4,475$3,542
13 years$6,750$5,907$5,156$4,490$3,902$3,018
14 years$6,204$5,369$4,632$3,986$3,421$2,584
15 years$5,730$4,905$4,182$3,554$3,012$2,221
16 years$5,316$4,500$3,792$3,183$2,662$1,916
17 years$4,952$4,144$3,451$2,860$2,360$1,657
18 years$4,628$3,830$3,150$2,577$2,098$1,436
19 years$4,339$3,549$2,884$2,329$1,870$1,247
20 years$4,078$3,298$2,646$2,109$1,671$1,085
21 years$3,843$3,072$2,434$1,914$1,495$946
22 years$3,630$2,868$2,244$1,740$1,340$825
23 years$3,435$2,682$2,071$1,585$1,203$721
24 years$3,257$2,513$1,916$1,446$1,081$630
25 years$3,094$2,358$1,774$1,320$973$552
26 years$2,943$2,216$1,646$1,207$876$483
27 years$2,804$2,086$1,528$1,105$790$423
28 years$2,675$1,966$1,421$1,012$713$371
29 years$2,555$1,854$1,322$928$644$326
30 years$2,443$1,751$1,231$852$582$286
31 years$2,338$1,655$1,148$782$526$251
32 years$2,241$1,566$1,071$719$476$220
33 years$2,149$1,483$1,000$661$431$194
34 years$2,063$1,406$934$608$390$170
35 years$1,982$1,333$874$560$353$150
36 years$1,906$1,266$817$516$320$131
37 years$1,834$1,202$765$475$290$116
38 years$1,766$1,142$716$438$263$102
39 years$1,702$1,086$671$404$238$89
40 years$1,641$1,034$629$373$216$79
41 years$1,583$984$590$344$196$69
42 years$1,528$937$553$317$178$61
43 years$1,476$893$519$293$162$54
44 years$1,426$851$487$270$147$47
45 years$1,378$811$458$250$133$41
46 years$1,333$774$430$231$121$36
47 years$1,290$739$404$213$110$32
48 years$1,249$705$379$197$100$28
49 years$1,209$673$357$182$91$25
50 years$1,172$643$335$168$82$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,200,000, adding $6,358 every year, while hoping to spend $30,086 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: 65/18/17 Blend
40$1,200,000$1,200,000$1,200,000$1,200,000
41$1,328,958$1,265,358$1,246,758$1,409,377
42$1,432,501$1,295,350$1,256,513$1,494,038
43$1,545,596$1,325,802$1,265,587$1,582,474
44$1,669,187$1,356,707$1,273,924$1,678,387
45$1,804,312$1,388,053$1,281,468$1,782,507
46$1,952,112$1,419,828$1,288,158$1,895,642
47$2,113,847$1,452,019$1,293,931$2,018,677
48$2,290,901$1,484,609$1,298,719$2,152,591
49$2,484,800$1,517,582$1,302,453$2,298,461
50$2,697,224$1,550,918$1,305,059$2,457,474
51$2,930,022$1,584,595$1,306,461$2,630,937
52$3,185,234$1,618,589$1,306,576$2,820,291
53$3,465,101$1,652,874$1,305,320$3,027,125
54$3,772,097$1,687,420$1,302,604$3,253,186
55$4,108,944$1,722,196$1,298,334$3,500,404
56$4,478,639$1,757,167$1,292,412$3,770,902
57$4,884,487$1,792,295$1,284,734$4,067,020
58$5,330,126$1,827,539$1,275,194$4,391,340
59$5,819,564$1,862,853$1,263,678$4,746,703
60$6,357,216$1,898,190$1,250,068$5,136,242
61$6,947,947$1,933,495$1,234,240$5,563,410
62$7,597,114$1,968,713$1,216,063$6,032,012
63$8,310,621$2,003,782$1,195,403$6,546,240
64$9,094,972$2,038,635$1,172,117$7,110,717
65$9,957,332$2,073,200$1,146,055$7,730,534
66$10,905,595$2,107,402$1,117,063$8,411,305
67$11,948,457$2,141,157$1,084,976$9,159,216
68$13,095,503$2,174,376$1,049,626$9,981,083
69$14,357,288$2,206,965$1,010,833$10,884,420
70$15,745,446$2,238,821$968,410$11,877,507
71$17,272,793$2,269,834$922,163$12,969,471
72$18,953,451$2,299,889$871,889$14,170,368
73$20,802,979$2,328,860$817,373$15,491,284
74$22,838,522$2,356,613$758,394$16,944,434
75$25,078,970$2,383,006$694,719$18,543,283
76$27,545,137$2,407,885$626,104$20,302,668
77$30,259,959$2,431,090$552,297$22,238,943
78$33,248,708$2,452,445$473,031$24,370,130
79$36,539,228$2,471,768$388,030$26,716,093
80$40,162,206$2,488,860$297,005$29,298,723
81$44,151,450$2,503,514$199,654$32,142,147
82$48,544,217$2,515,505$95,662$35,272,952
83$53,381,560$2,524,598$0$38,720,444
84$58,708,715$2,530,539$0$42,519,696
85$64,575,531$2,533,063$0$46,722,221
86$71,036,936$2,531,883$0$51,349,939
87$78,153,457$2,526,699$0$56,446,150
88$85,991,792$2,517,190$0$62,058,567
89$94,625,438$2,503,015$0$68,239,773
90$104,135,384$2,483,814$0$75,047,710
91$114,610,875$2,459,204$0$82,546,234
92$126,150,259$2,428,779$0$90,805,712
93$138,861,905$2,392,108$0$99,903,689
94$152,865,235$2,348,737$0$109,925,620
95$168,291,846$2,298,183$0$120,965,676
96$185,286,754$2,239,933$0$133,127,635
97$204,009,760$2,173,448$0$146,525,860
98$224,636,962$2,098,152$0$161,286,380
99$247,362,411$2,013,441$0$177,548,081
100$272,399,949$1,918,672$0$195,464,015