Can I retire at age 41 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$99,921$99,031$98,162$97,315$96,487$94,694
2 years$49,466$48,544$47,652$46,786$45,946$44,146
3 years$32,650$31,724$30,834$29,976$29,150$27,400
4 years$24,243$23,321$22,439$21,596$20,790$19,103
5 years$19,201$18,284$17,414$16,588$15,804$14,184
6 years$15,840$14,930$14,073$13,265$12,505$10,955
7 years$13,441$12,538$11,695$10,906$10,170$8,690
8 years$11,642$10,748$9,918$9,149$8,437$7,026
9 years$10,243$9,358$8,542$7,793$7,105$5,763
10 years$9,125$8,248$7,447$6,718$6,054$4,779
11 years$8,211$7,343$6,557$5,846$5,207$3,998
12 years$7,450$6,591$5,819$5,128$4,512$3,367
13 years$6,806$5,956$5,199$4,527$3,935$2,852
14 years$6,255$5,414$4,671$4,019$3,449$2,427
15 years$5,778$4,946$4,217$3,584$3,037$2,073
16 years$5,361$4,538$3,824$3,209$2,684$1,777
17 years$4,993$4,179$3,479$2,883$2,380$1,527
18 years$4,667$3,862$3,176$2,599$2,116$1,315
19 years$4,375$3,579$2,908$2,348$1,886$1,135
20 years$4,112$3,326$2,668$2,127$1,685$981
21 years$3,875$3,098$2,455$1,930$1,508$849
22 years$3,660$2,892$2,262$1,755$1,351$736
23 years$3,464$2,704$2,089$1,598$1,213$638
24 years$3,285$2,534$1,932$1,458$1,090$554
25 years$3,120$2,378$1,789$1,331$981$481
26 years$2,968$2,235$1,659$1,217$884$419
27 years$2,827$2,103$1,541$1,114$797$364
28 years$2,697$1,982$1,432$1,021$719$317
29 years$2,576$1,870$1,333$936$649$276
30 years$2,463$1,766$1,242$859$587$240
31 years$2,358$1,669$1,158$789$530$210
32 years$2,259$1,579$1,080$725$480$183
33 years$2,167$1,496$1,008$667$434$159
34 years$2,080$1,418$942$613$393$139
35 years$1,999$1,345$881$565$356$121
36 years$1,922$1,276$824$520$323$106
37 years$1,849$1,212$771$479$292$92
38 years$1,781$1,152$722$442$265$80
39 years$1,716$1,095$677$407$240$70
40 years$1,654$1,042$634$376$218$61
41 years$1,596$992$595$347$198$54
42 years$1,541$945$558$320$179$47
43 years$1,488$900$524$295$163$41
44 years$1,438$858$491$273$148$36
45 years$1,390$818$461$252$134$31
46 years$1,344$781$433$233$122$27
47 years$1,301$745$407$215$111$24
48 years$1,259$711$383$199$100$21
49 years$1,219$679$360$183$91$18
50 years$1,181$649$338$170$83$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,210,000, adding $4,369 every year, while hoping to spend $40,628 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: 73/17/10 Blend
40$1,210,000$1,210,000$1,210,000$1,210,000
41$1,337,927$1,273,797$1,255,042$1,432,785
42$1,431,167$1,292,985$1,253,858$1,515,205
43$1,532,557$1,311,751$1,251,272$1,599,965
44$1,642,883$1,330,033$1,247,196$1,691,678
45$1,763,015$1,347,762$1,241,534$1,791,020
46$1,893,905$1,364,865$1,234,188$1,898,736
47$2,036,604$1,381,264$1,225,054$2,015,645
48$2,192,269$1,396,877$1,214,025$2,142,652
49$2,362,171$1,411,615$1,200,985$2,280,754
50$2,547,711$1,425,383$1,185,817$2,431,047
51$2,750,432$1,438,081$1,168,396$2,594,742
52$2,972,029$1,449,600$1,148,591$2,773,171
53$3,214,373$1,459,828$1,126,266$2,967,803
54$3,479,521$1,468,641$1,101,277$3,180,258
55$3,769,738$1,475,910$1,073,476$3,412,319
56$4,087,520$1,481,498$1,042,706$3,665,954
57$4,435,613$1,485,258$1,008,802$3,943,328
58$4,817,043$1,487,033$971,595$4,246,832
59$5,235,143$1,486,659$930,905$4,579,097
60$5,693,582$1,483,960$886,544$4,943,025
61$6,196,402$1,478,748$838,318$5,341,815
62$6,748,054$1,470,827$786,022$5,778,992
63$7,353,444$1,459,985$729,441$6,258,440
64$8,017,971$1,446,001$668,354$6,784,444
65$8,747,587$1,428,637$602,526$7,361,722
66$9,548,844$1,407,643$531,714$7,995,479
67$10,428,963$1,382,755$455,663$8,691,448
68$11,395,897$1,353,690$374,108$9,455,951
69$12,458,409$1,320,151$286,771$10,295,955
70$13,626,152$1,281,823$193,363$11,219,139
71$14,909,759$1,238,372$93,580$12,233,968
72$16,320,946$1,189,445$0$13,349,771
73$17,872,622$1,134,667$0$14,578,209
74$19,579,008$1,073,644$0$15,939,985
75$21,455,772$1,005,957$0$17,437,632
76$23,520,176$931,165$0$19,084,960
77$25,791,241$848,799$0$20,897,185
78$28,289,922$758,365$0$22,891,078
79$31,039,310$659,341$0$25,085,120
80$34,064,847$551,175$0$27,499,680
81$37,394,562$433,284$0$30,157,203
82$41,059,345$305,052$0$33,082,428
83$45,093,227$165,829$0$36,302,616
84$49,533,709$14,927$0$39,847,813
85$54,422,111$0$0$43,751,128
86$59,803,962$0$0$48,076,809
87$65,729,433$0$0$52,842,571
88$72,253,803$0$0$58,090,091
89$79,437,989$0$0$63,868,372
90$87,349,111$0$0$70,231,410
91$96,061,135$0$0$77,238,704
92$105,655,560$0$0$84,955,819
93$116,222,197$0$0$93,455,001
94$127,860,009$0$0$102,815,860
95$140,678,047$0$0$113,126,123
96$154,796,479$0$0$124,482,459
97$170,347,723$0$0$136,991,391
98$187,477,696$0$0$150,770,304
99$206,347,194$0$0$165,948,548
100$227,133,404$0$0$182,668,663