Can I retire at age 41 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$109,004$108,033$107,086$106,161$105,259$102,176
2 years$53,963$52,958$51,984$51,039$50,123$47,042
3 years$35,618$34,608$33,637$32,701$31,800$28,818
4 years$26,447$25,441$24,479$23,559$22,680$19,819
5 years$20,946$19,946$18,997$18,096$17,241$14,509
6 years$17,280$16,287$15,352$14,471$13,642$11,042
7 years$14,662$13,678$12,758$11,898$11,095$8,626
8 years$12,700$11,725$10,820$9,981$9,204$6,866
9 years$11,175$10,208$9,319$8,501$7,751$5,540
10 years$9,955$8,998$8,124$7,328$6,604$4,518
11 years$8,958$8,011$7,153$6,378$5,680$3,715
12 years$8,127$7,190$6,348$5,594$4,922$3,074
13 years$7,425$6,498$5,671$4,939$4,292$2,558
14 years$6,824$5,906$5,096$4,384$3,763$2,137
15 years$6,303$5,395$4,601$3,910$3,313$1,791
16 years$5,848$4,950$4,171$3,501$2,928$1,506
17 years$5,447$4,559$3,796$3,146$2,596$1,269
18 years$5,091$4,213$3,465$2,835$2,308$1,071
19 years$4,772$3,904$3,172$2,561$2,057$906
20 years$4,486$3,628$2,911$2,320$1,838$767
21 years$4,228$3,379$2,678$2,105$1,645$650
22 years$3,993$3,154$2,468$1,914$1,474$552
23 years$3,779$2,950$2,279$1,743$1,323$469
24 years$3,583$2,764$2,107$1,590$1,189$398
25 years$3,403$2,594$1,952$1,452$1,070$339
26 years$3,237$2,438$1,810$1,328$964$288
27 years$3,084$2,294$1,681$1,215$869$245
28 years$2,942$2,162$1,563$1,114$784$209
29 years$2,810$2,040$1,454$1,021$708$178
30 years$2,687$1,926$1,355$937$640$152
31 years$2,572$1,821$1,263$861$579$129
32 years$2,465$1,723$1,178$791$523$110
33 years$2,364$1,632$1,100$727$474$94
34 years$2,269$1,546$1,028$669$429$80
35 years$2,180$1,467$961$616$388$68
36 years$2,096$1,392$899$567$352$58
37 years$2,017$1,322$841$523$319$50
38 years$1,943$1,257$788$482$289$42
39 years$1,872$1,195$738$444$262$36
40 years$1,805$1,137$692$410$238$31
41 years$1,741$1,082$649$378$216$26
42 years$1,681$1,031$609$349$196$22
43 years$1,623$982$571$322$178$19
44 years$1,568$936$536$297$161$16
45 years$1,516$893$503$275$146$14
46 years$1,466$852$473$254$133$12
47 years$1,419$813$444$234$121$10
48 years$1,374$776$417$217$110$9
49 years$1,330$741$392$200$100$7
50 years$1,289$708$369$185$90$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,320,000, adding $2,559 every year, while hoping to spend $42,229 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: 60/24/16 Blend
40$1,320,000$1,320,000$1,320,000$1,320,000
41$1,457,280$1,387,320$1,366,860$1,538,642
42$1,560,991$1,410,367$1,367,718$1,616,886
43$1,673,865$1,433,128$1,367,190$1,697,272
44$1,796,793$1,455,545$1,365,184$1,783,979
45$1,930,753$1,477,554$1,361,605$1,877,620
46$2,076,824$1,499,088$1,356,353$1,978,877
47$2,236,192$1,520,076$1,349,323$2,088,498
48$2,410,163$1,540,439$1,340,405$2,207,309
49$2,600,174$1,560,094$1,329,482$2,336,220
50$2,807,807$1,578,955$1,316,436$2,476,236
51$3,034,806$1,596,926$1,301,138$2,628,464
52$3,283,087$1,613,906$1,283,458$2,794,125
53$3,554,763$1,629,788$1,263,254$2,974,566
54$3,852,159$1,644,458$1,240,383$3,171,271
55$4,177,835$1,657,793$1,214,693$3,385,879
56$4,534,613$1,669,663$1,186,024$3,620,194
57$4,925,597$1,679,930$1,154,209$3,876,208
58$5,354,208$1,688,447$1,119,075$4,156,116
59$5,824,212$1,695,056$1,080,439$4,462,340
60$6,339,759$1,699,591$1,038,111$4,797,550
61$6,905,419$1,701,875$991,892$5,164,690
62$7,526,224$1,701,719$941,572$5,567,006
63$8,207,719$1,698,924$886,936$6,008,078
64$8,956,013$1,693,277$827,754$6,491,855
65$9,777,832$1,684,554$763,790$7,022,687
66$10,680,588$1,672,514$694,794$7,605,376
67$11,672,446$1,656,906$620,508$8,245,212
68$12,762,401$1,637,459$540,660$8,948,031
69$13,960,360$1,613,889$454,967$9,720,266
70$15,277,242$1,585,895$363,133$10,569,011
71$16,725,073$1,553,156$264,851$11,502,087
72$18,317,104$1,515,334$159,796$12,528,116
73$20,067,933$1,472,070$47,634$13,656,606
74$21,993,644$1,422,984$0$14,898,038
75$24,111,961$1,367,674$0$16,276,271
76$26,442,406$1,305,716$0$17,801,220
77$29,006,495$1,236,659$0$19,478,856
78$31,827,929$1,160,028$0$21,324,731
79$34,932,828$1,075,319$0$23,355,988
80$38,349,967$982,000$0$25,591,518
81$42,111,055$879,510$0$28,052,146
82$46,251,030$767,253$0$30,760,823
83$50,808,389$644,602$0$33,742,844
84$55,825,551$510,894$0$37,026,090
85$61,349,257$365,427$0$40,641,288
86$67,431,009$207,461$0$44,622,306
87$74,127,561$36,215$0$49,006,471
88$81,501,446$0$0$53,834,922
89$89,621,573$0$0$59,192,389
90$98,563,873$0$0$65,102,978
91$108,412,016$0$0$71,612,445
92$119,258,200$0$0$78,781,750
93$131,204,022$0$0$86,678,067
94$144,361,435$0$0$95,375,416
95$158,853,803$0$0$104,955,365
96$174,817,070$0$0$115,507,795
97$192,401,036$0$0$127,131,754
98$211,770,773$0$0$139,936,384
99$233,108,186$0$0$154,041,959
100$256,613,724$0$0$169,581,011