Can I retire at age 41 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$110,656$109,670$108,709$107,770$106,853$103,103
2 years$54,780$53,760$52,771$51,813$50,883$47,144
3 years$36,157$35,133$34,146$33,197$32,282$28,672
4 years$26,848$25,826$24,850$23,916$23,024$19,570
5 years$21,263$20,248$19,285$18,370$17,502$14,214
6 years$17,542$16,534$15,585$14,691$13,849$10,729
7 years$14,885$13,885$12,951$12,078$11,263$8,310
8 years$12,893$11,902$10,983$10,132$9,344$6,556
9 years$11,344$10,363$9,460$8,630$7,869$5,242
10 years$10,106$9,135$8,248$7,439$6,705$4,235
11 years$9,093$8,132$7,261$6,474$5,766$3,448
12 years$8,250$7,299$6,444$5,679$4,997$2,826
13 years$7,538$6,596$5,757$5,014$4,357$2,327
14 years$6,927$5,996$5,173$4,451$3,820$1,924
15 years$6,399$5,477$4,670$3,969$3,363$1,595
16 years$5,937$5,025$4,234$3,554$2,972$1,327
17 years$5,529$4,628$3,853$3,193$2,635$1,106
18 years$5,168$4,276$3,517$2,878$2,343$923
19 years$4,845$3,963$3,220$2,600$2,089$772
20 years$4,554$3,683$2,955$2,355$1,866$646
21 years$4,292$3,430$2,718$2,137$1,670$542
22 years$4,053$3,202$2,505$1,943$1,496$454
23 years$3,836$2,995$2,313$1,770$1,343$381
24 years$3,637$2,806$2,139$1,614$1,207$320
25 years$3,455$2,633$1,981$1,474$1,086$269
26 years$3,286$2,475$1,838$1,348$979$226
27 years$3,131$2,329$1,706$1,234$882$190
28 years$2,987$2,195$1,586$1,130$796$160
29 years$2,853$2,071$1,476$1,037$719$135
30 years$2,728$1,955$1,375$951$650$113
31 years$2,611$1,849$1,282$874$587$95
32 years$2,502$1,749$1,196$803$531$80
33 years$2,400$1,656$1,117$738$481$68
34 years$2,304$1,570$1,043$679$435$57
35 years$2,213$1,489$976$625$394$48
36 years$2,128$1,413$913$576$357$40
37 years$2,048$1,342$854$531$324$34
38 years$1,972$1,276$800$489$294$29
39 years$1,900$1,213$749$451$266$24
40 years$1,832$1,154$702$416$241$20
41 years$1,767$1,099$659$384$219$17
42 years$1,706$1,046$618$354$199$14
43 years$1,648$997$580$327$180$12
44 years$1,592$950$544$302$164$10
45 years$1,539$906$511$279$149$9
46 years$1,489$864$480$258$135$7
47 years$1,441$825$451$238$123$6
48 years$1,394$788$424$220$111$5
49 years$1,350$752$398$203$101$4
50 years$1,308$718$374$188$92$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,340,000, adding $4,698 every year, while hoping to spend $34,254 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: 31/45/24 Blend
40$1,340,000$1,340,000$1,340,000$1,340,000
41$1,481,526$1,410,506$1,389,736$1,516,359
42$1,596,196$1,443,175$1,399,846$1,576,010
43$1,721,414$1,476,296$1,409,147$1,636,800
44$1,858,219$1,509,857$1,417,575$1,701,541
45$2,007,758$1,543,840$1,425,064$1,770,601
46$2,171,290$1,578,228$1,431,544$1,844,385
47$2,350,202$1,613,002$1,436,941$1,923,339
48$2,546,022$1,648,139$1,441,179$2,007,955
49$2,760,434$1,683,615$1,444,175$2,098,777
50$2,995,289$1,719,403$1,445,846$2,196,405
51$3,252,627$1,755,473$1,446,101$2,301,498
52$3,534,697$1,791,792$1,444,847$2,414,786
53$3,843,972$1,828,326$1,441,986$2,537,073
54$4,183,179$1,865,036$1,437,413$2,669,247
55$4,555,319$1,901,878$1,431,022$2,812,286
56$4,963,699$1,938,808$1,422,699$2,967,271
57$5,411,961$1,975,775$1,412,325$3,135,393
58$5,904,118$2,012,725$1,399,775$3,317,966
59$6,444,590$2,049,600$1,384,919$3,516,440
60$7,038,244$2,086,336$1,367,620$3,732,415
61$7,690,445$2,122,867$1,347,735$3,967,656
62$8,407,101$2,159,118$1,325,115$4,224,109
63$9,194,721$2,195,010$1,299,602$4,503,922
64$10,060,476$2,230,460$1,271,032$4,809,465
65$11,012,267$2,265,375$1,239,234$5,143,350
66$12,058,798$2,299,657$1,204,028$5,508,462
67$13,209,659$2,333,203$1,165,226$5,907,978
68$14,475,414$2,365,900$1,122,631$6,345,409
69$15,867,705$2,397,628$1,076,038$6,824,622
70$17,399,357$2,428,258$1,025,231$7,349,886
71$19,084,502$2,457,653$969,987$7,925,907
72$20,938,709$2,485,667$910,070$8,557,877
73$22,979,135$2,512,142$845,235$9,251,523
74$25,224,681$2,536,911$775,225$10,013,159
75$27,696,176$2,559,798$699,772$10,849,750
76$30,416,569$2,580,610$618,597$11,768,978
77$33,411,146$2,599,147$531,408$12,779,313
78$36,707,771$2,615,194$437,898$13,890,096
79$40,337,145$2,628,520$337,749$15,111,629
80$44,333,099$2,638,882$230,628$16,455,271
81$48,732,909$2,646,021$116,189$17,933,549
82$53,577,652$2,649,662$0$19,560,275
83$58,912,589$2,649,512$0$21,352,201
84$64,787,595$2,645,260$0$23,356,451
85$71,257,628$2,636,577$0$25,561,857
86$78,383,248$2,623,111$0$27,988,943
87$86,231,188$2,604,492$0$30,660,330
88$94,874,982$2,580,325$0$33,600,951
89$104,395,662$2,550,193$0$36,838,291
90$114,882,519$2,513,652$0$40,402,643
91$126,433,949$2,470,234$0$44,327,399
92$139,158,376$2,419,440$0$48,649,363
93$153,175,283$2,360,745$0$53,409,103
94$168,616,331$2,293,590$0$58,651,333
95$185,626,607$2,217,386$0$64,425,338
96$204,365,990$2,131,507$0$70,785,441
97$225,010,662$2,035,293$0$77,791,514
98$247,754,770$1,928,043$0$85,509,551
99$272,812,258$1,809,018$0$94,012,289
100$300,418,884$1,677,435$0$103,379,898