Can I retire at age 41 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$100,746$99,849$98,974$98,119$97,285$93,610
2 years$49,874$48,946$48,045$47,173$46,326$42,666
3 years$32,919$31,987$31,089$30,224$29,391$25,862
4 years$24,443$23,513$22,625$21,775$20,962$17,590
5 years$19,359$18,435$17,558$16,725$15,935$12,729
6 years$15,971$15,053$14,189$13,375$12,609$9,571
7 years$13,552$12,642$11,791$10,996$10,254$7,383
8 years$11,738$10,836$10,000$9,225$8,507$5,801
9 years$10,328$9,435$8,613$7,857$7,164$4,618
10 years$9,201$8,317$7,509$6,773$6,104$3,714
11 years$8,279$7,404$6,611$5,895$5,250$3,011
12 years$7,512$6,645$5,867$5,170$4,549$2,456
13 years$6,863$6,005$5,242$4,565$3,967$2,012
14 years$6,307$5,459$4,710$4,052$3,478$1,656
15 years$5,826$4,987$4,252$3,614$3,062$1,366
16 years$5,405$4,575$3,855$3,236$2,706$1,131
17 years$5,034$4,213$3,508$2,907$2,399$937
18 years$4,705$3,893$3,202$2,620$2,133$779
19 years$4,411$3,608$2,932$2,367$1,902$648
20 years$4,146$3,353$2,691$2,144$1,699$539
21 years$3,907$3,123$2,475$1,946$1,520$449
22 years$3,690$2,915$2,281$1,769$1,362$375
23 years$3,493$2,727$2,106$1,611$1,223$313
24 years$3,312$2,555$1,948$1,470$1,099$261
25 years$3,145$2,398$1,804$1,342$989$218
26 years$2,992$2,253$1,673$1,227$891$183
27 years$2,850$2,121$1,554$1,123$803$153
28 years$2,719$1,998$1,444$1,029$725$128
29 years$2,597$1,885$1,344$944$655$107
30 years$2,483$1,780$1,252$866$591$89
31 years$2,377$1,683$1,167$795$535$75
32 years$2,278$1,592$1,089$731$484$63
33 years$2,185$1,508$1,017$672$438$52
34 years$2,097$1,429$950$619$396$44
35 years$2,015$1,356$888$569$359$37
36 years$1,938$1,287$831$524$325$31
37 years$1,864$1,222$778$483$295$26
38 years$1,795$1,161$728$445$267$22
39 years$1,730$1,104$682$411$242$18
40 years$1,668$1,051$640$379$220$15
41 years$1,609$1,000$600$349$199$13
42 years$1,553$953$563$323$181$11
43 years$1,500$908$528$298$164$9
44 years$1,450$865$495$275$149$7
45 years$1,401$825$465$254$135$6
46 years$1,355$787$437$234$123$5
47 years$1,312$751$411$217$112$4
48 years$1,270$717$386$200$101$4
49 years$1,230$685$363$185$92$3
50 years$1,191$654$341$171$84$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,220,000, adding $3,118 every year, while hoping to spend $36,939 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: 81/12/7 Blend
40$1,220,000$1,220,000$1,220,000$1,220,000
41$1,347,656$1,282,996$1,264,086$1,455,607
42$1,445,814$1,306,560$1,267,130$1,550,274
43$1,552,747$1,330,041$1,269,038$1,648,930
44$1,669,309$1,353,395$1,269,733$1,756,082
45$1,796,443$1,376,576$1,269,134$1,872,559
46$1,935,186$1,399,534$1,267,156$1,999,274
47$2,086,680$1,422,216$1,263,710$2,137,233
48$2,252,180$1,444,564$1,258,704$2,287,544
49$2,433,070$1,466,515$1,252,038$2,451,427
50$2,630,873$1,488,003$1,243,610$2,630,224
51$2,847,264$1,508,958$1,233,314$2,825,417
52$3,084,091$1,529,303$1,221,036$3,038,635
53$3,343,387$1,548,957$1,206,659$3,271,674
54$3,627,388$1,567,832$1,190,058$3,526,513
55$3,938,562$1,585,836$1,171,105$3,805,332
56$4,279,623$1,602,870$1,149,665$4,110,531
57$4,653,561$1,618,826$1,125,595$4,444,756
58$5,063,669$1,633,594$1,098,747$4,810,922
59$5,513,574$1,647,051$1,068,966$5,212,241
60$6,007,272$1,659,070$1,036,090$5,652,251
61$6,549,164$1,669,515$999,949$6,134,851
62$7,144,097$1,678,239$960,366$6,664,338
63$7,797,412$1,685,089$917,155$7,245,444
64$8,514,989$1,689,901$870,121$7,883,387
65$9,303,311$1,692,498$819,062$8,583,914
66$10,169,514$1,692,696$763,767$9,353,359
67$11,121,464$1,690,298$704,013$10,198,701
68$12,167,825$1,685,094$639,568$11,127,630
69$13,318,142$1,676,862$570,192$12,148,622
70$14,582,930$1,665,367$495,632$13,271,017
71$15,973,777$1,650,358$415,624$14,505,105
72$17,503,447$1,631,570$329,892$15,862,228
73$19,186,004$1,608,722$238,149$17,354,884
74$21,036,944$1,581,517$140,094$18,996,846
75$23,073,340$1,549,639$35,415$20,803,291
76$25,314,003$1,512,753$0$22,790,946
77$27,779,660$1,470,507$0$24,983,940
78$30,493,148$1,422,524$0$27,400,082
79$33,479,631$1,368,410$0$30,059,134
80$36,766,834$1,307,743$0$32,985,793
81$40,385,309$1,240,081$0$36,207,273
82$44,368,719$1,164,953$0$39,753,565
83$48,754,156$1,081,863$0$43,657,713
84$53,582,493$990,287$0$47,956,137
85$58,898,765$889,669$0$52,688,966
86$64,752,599$779,422$0$57,900,424
87$71,198,677$658,928$0$63,639,245
88$78,297,258$527,531$0$69,959,132
89$86,114,737$384,539$0$76,919,266
90$94,724,281$229,222$0$84,584,864
91$104,206,512$60,808$0$93,027,795
92$114,650,272$0$0$102,327,258
93$126,153,459$0$0$112,586,576
94$138,823,950$0$0$123,895,863
95$152,780,620$0$0$136,353,198
96$168,154,464$0$0$150,075,511
97$185,089,832$0$0$165,191,650
98$203,745,791$0$0$181,843,601
99$224,297,628$0$0$200,187,826
100$246,938,499$0$0$220,396,742