Can I retire at age 41 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$102,398$101,486$100,596$99,727$98,879$95,638
2 years$50,692$49,748$48,833$47,946$47,085$43,850
3 years$33,459$32,511$31,598$30,719$29,873$26,746
4 years$24,844$23,899$22,995$22,132$21,306$18,311
5 years$19,677$18,737$17,845$16,999$16,196$13,342
6 years$16,233$15,300$14,422$13,594$12,815$10,103
7 years$13,774$12,849$11,985$11,177$10,422$7,853
8 years$11,930$11,014$10,164$9,376$8,646$6,217
9 years$10,497$9,590$8,754$7,986$7,282$4,989
10 years$9,352$8,453$7,632$6,884$6,204$4,046
11 years$8,415$7,525$6,719$5,991$5,336$3,307
12 years$7,635$6,754$5,963$5,255$4,624$2,721
13 years$6,975$6,104$5,328$4,640$4,032$2,250
14 years$6,410$5,548$4,787$4,118$3,535$1,868
15 years$5,921$5,068$4,322$3,673$3,112$1,556
16 years$5,494$4,650$3,918$3,289$2,750$1,299
17 years$5,117$4,283$3,566$2,955$2,439$1,088
18 years$4,782$3,957$3,255$2,663$2,168$912
19 years$4,483$3,668$2,980$2,406$1,933$766
20 years$4,214$3,408$2,735$2,179$1,726$644
21 years$3,971$3,174$2,515$1,978$1,545$543
22 years$3,751$2,963$2,318$1,798$1,385$457
23 years$3,550$2,771$2,141$1,638$1,243$386
24 years$3,366$2,597$1,980$1,494$1,117$325
25 years$3,197$2,437$1,834$1,364$1,005$275
26 years$3,041$2,290$1,701$1,247$906$232
27 years$2,897$2,155$1,579$1,142$817$196
28 years$2,764$2,031$1,468$1,046$737$166
29 years$2,640$1,916$1,366$959$665$140
30 years$2,524$1,810$1,272$880$601$119
31 years$2,416$1,711$1,186$809$543$100
32 years$2,315$1,619$1,107$743$492$85
33 years$2,221$1,533$1,033$683$445$72
34 years$2,132$1,453$966$629$403$61
35 years$2,048$1,378$903$579$365$51
36 years$1,969$1,308$844$533$331$43
37 years$1,895$1,242$790$491$300$37
38 years$1,825$1,180$740$453$272$31
39 years$1,758$1,123$693$417$246$26
40 years$1,695$1,068$650$385$223$22
41 years$1,635$1,017$609$355$203$19
42 years$1,579$968$572$328$184$16
43 years$1,525$922$536$303$167$14
44 years$1,473$879$504$279$152$11
45 years$1,424$839$473$258$138$10
46 years$1,378$800$444$238$125$8
47 years$1,333$763$417$220$113$7
48 years$1,290$729$392$203$103$6
49 years$1,250$696$369$188$94$5
50 years$1,211$665$346$174$85$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,240,000, adding $4,975 every year, while hoping to spend $48,440 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: 45/29/26 Blend
40$1,240,000$1,240,000$1,240,000$1,240,000
41$1,371,612$1,305,892$1,286,672$1,422,836
42$1,459,976$1,318,341$1,278,235$1,472,076
43$1,555,731$1,329,776$1,267,893$1,520,372
44$1,659,577$1,340,097$1,255,530$1,571,803
45$1,772,289$1,349,197$1,241,024$1,626,686
46$1,894,715$1,356,960$1,224,252$1,685,374
47$2,027,791$1,363,266$1,205,079$1,748,259
48$2,172,545$1,367,985$1,183,368$1,815,775
49$2,330,108$1,370,980$1,158,975$1,888,401
50$2,501,725$1,372,104$1,131,747$1,966,671
51$2,688,767$1,371,203$1,101,526$2,051,173
52$2,892,741$1,368,112$1,068,146$2,142,562
53$3,115,306$1,362,655$1,031,435$2,241,559
54$3,358,289$1,354,647$991,210$2,348,967
55$3,623,701$1,343,891$947,282$2,465,671
56$3,913,756$1,330,179$899,453$2,592,653
57$4,230,889$1,313,288$847,515$2,730,997
58$4,577,785$1,292,985$791,253$2,881,906
59$4,957,398$1,269,020$730,438$3,046,708
60$5,372,981$1,241,130$664,836$3,226,872
61$5,828,116$1,209,036$594,199$3,424,025
62$6,326,748$1,172,443$518,269$3,639,963
63$6,873,222$1,131,039$436,777$3,876,674
64$7,472,323$1,084,491$349,440$4,136,353
65$8,129,319$1,032,451$255,966$4,421,430
66$8,850,016$974,547$156,048$4,734,588
67$9,640,806$910,389$49,364$5,078,792
68$10,508,732$839,562$0$5,457,318
69$11,461,550$761,628$0$5,891,676
70$12,507,805$676,124$0$6,383,753
71$13,656,909$582,562$0$6,924,358
72$14,919,230$480,424$0$7,518,474
73$16,306,192$369,165$0$8,171,599
74$17,830,378$248,208$0$8,889,798
75$19,505,651$116,945$0$9,679,759
76$21,347,284$0$0$10,548,858
77$23,372,103$0$0$11,513,298
78$25,598,646$0$0$12,615,018
79$28,047,339$0$0$13,826,825
80$30,740,683$0$0$15,159,876
81$33,703,473$0$0$16,626,464
82$36,963,025$0$0$18,240,133
83$40,549,439$0$0$20,015,806
84$44,495,876$0$0$21,969,925
85$48,838,878$0$0$24,120,609
86$53,618,705$0$0$26,487,819
87$58,879,720$0$0$29,093,553
88$64,670,803$0$0$31,962,047
89$71,045,815$0$0$35,120,007
90$78,064,104$0$0$38,596,861
91$85,791,065$0$0$42,425,034
92$94,298,755$0$0$46,640,257
93$103,666,574$0$0$51,281,900
94$113,982,016$0$0$56,393,347
95$125,341,488$0$0$62,022,404
96$137,851,226$0$0$68,221,748
97$151,628,292$0$0$75,049,427
98$166,801,679$0$0$82,569,404
99$183,513,533$0$0$90,852,164
100$201,920,485$0$0$99,975,377