Can I retire at age 41 with 1,420,000?

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 $1,420,000?

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 years$117,262$116,218$115,199$114,204$113,233$109,564
2 years$58,051$56,969$55,922$54,906$53,920$50,259
3 years$38,316$37,230$36,185$35,179$34,209$30,670
4 years$28,451$27,368$26,333$25,344$24,398$21,008
5 years$22,533$21,457$20,436$19,467$18,547$15,315
6 years$18,589$17,521$16,515$15,568$14,676$11,604
7 years$15,773$14,714$13,724$12,799$11,935$9,024
8 years$13,662$12,613$11,639$10,737$9,902$7,148
9 years$12,021$10,982$10,025$9,145$8,339$5,741
10 years$10,709$9,680$8,740$7,883$7,105$4,658
11 years$9,636$8,617$7,694$6,861$6,110$3,810
12 years$8,743$7,735$6,829$6,018$5,295$3,137
13 years$7,988$6,990$6,101$5,313$4,617$2,595
14 years$7,341$6,354$5,482$4,716$4,048$2,156
15 years$6,781$5,804$4,949$4,206$3,564$1,797
16 years$6,291$5,325$4,487$3,766$3,150$1,502
17 years$5,860$4,904$4,083$3,384$2,793$1,258
18 years$5,476$4,532$3,727$3,049$2,483$1,056
19 years$5,134$4,200$3,412$2,755$2,213$888
20 years$4,826$3,903$3,132$2,496$1,977$747
21 years$4,548$3,635$2,880$2,265$1,769$630
22 years$4,295$3,393$2,655$2,059$1,586$531
23 years$4,065$3,174$2,451$1,875$1,424$448
24 years$3,855$2,974$2,267$1,711$1,280$378
25 years$3,661$2,791$2,100$1,562$1,151$320
26 years$3,483$2,623$1,947$1,428$1,037$270
27 years$3,318$2,468$1,808$1,307$935$229
28 years$3,165$2,326$1,681$1,198$844$193
29 years$3,023$2,194$1,564$1,098$762$164
30 years$2,891$2,072$1,457$1,008$688$139
31 years$2,767$1,959$1,358$926$622$117
32 years$2,651$1,854$1,267$851$563$99
33 years$2,543$1,755$1,183$782$509$84
34 years$2,441$1,664$1,106$720$461$71
35 years$2,346$1,578$1,034$663$418$60
36 years$2,255$1,498$967$610$379$51
37 years$2,170$1,422$905$562$343$43
38 years$2,090$1,352$848$518$311$37
39 years$2,014$1,285$794$478$282$31
40 years$1,941$1,223$744$441$256$26
41 years$1,873$1,164$698$407$232$22
42 years$1,808$1,109$655$375$211$19
43 years$1,746$1,056$614$347$191$16
44 years$1,687$1,007$577$320$173$14
45 years$1,631$960$541$295$158$11
46 years$1,578$916$509$273$143$10
47 years$1,527$874$478$252$130$8
48 years$1,478$835$449$233$118$7
49 years$1,431$797$422$215$107$6
50 years$1,386$761$397$199$97$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,420,000, adding $6,890 every year, while hoping to spend $24,035 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: 67/24/9 Blend
40$1,420,000$1,420,000$1,420,000$1,420,000
41$1,571,947$1,496,687$1,474,677$1,674,014
42$1,706,713$1,544,452$1,498,506$1,790,474
43$1,854,419$1,593,751$1,522,327$1,914,226
44$2,016,360$1,644,635$1,546,115$2,048,886
45$2,193,962$1,697,156$1,569,844$2,195,518
46$2,388,795$1,751,366$1,593,483$2,355,291
47$2,602,590$1,807,320$1,617,002$2,529,494
48$2,837,251$1,865,075$1,640,368$2,719,546
49$3,094,876$1,924,690$1,663,547$2,927,007
50$3,377,779$1,986,226$1,686,501$3,153,596
51$3,688,506$2,049,744$1,709,192$3,401,205
52$4,029,862$2,115,310$1,731,578$3,671,919
53$4,404,937$2,182,989$1,753,615$3,968,033
54$4,817,137$2,252,853$1,775,258$4,292,073
55$5,270,213$2,324,970$1,796,457$4,646,822
56$5,768,297$2,399,416$1,817,161$5,035,346
57$6,315,942$2,476,266$1,837,314$5,461,020
58$6,918,165$2,555,599$1,856,860$5,927,562
59$7,580,490$2,637,496$1,875,738$6,439,068
60$8,309,008$2,722,042$1,893,883$7,000,049
61$9,110,428$2,809,322$1,911,229$7,615,473
62$9,992,139$2,899,427$1,927,703$8,290,814
63$10,962,288$2,992,449$1,943,232$9,032,101
64$12,029,846$3,088,485$1,957,735$9,845,978
65$13,204,702$3,187,632$1,971,131$10,739,760
66$14,497,749$3,289,993$1,983,331$11,721,511
67$15,920,992$3,395,675$1,994,244$12,800,110
68$17,487,656$3,504,786$2,003,774$13,985,342
69$19,212,315$3,617,439$2,011,819$15,287,987
70$21,111,028$3,733,751$2,018,273$16,719,921
71$23,201,491$3,853,842$2,023,022$18,294,228
72$25,503,200$3,977,838$2,025,951$20,025,327
73$28,037,642$4,105,867$2,026,935$21,929,100
74$30,828,490$4,238,062$2,025,846$24,023,050
75$33,901,830$4,374,562$2,022,547$26,326,459
76$37,286,410$4,515,509$2,016,895$28,860,575
77$41,013,905$4,661,050$2,008,742$31,648,809
78$45,119,219$4,811,337$1,997,931$34,716,955
79$49,640,815$4,966,528$1,984,297$38,093,438
80$54,621,075$5,126,785$1,967,668$41,809,574
81$60,106,705$5,292,278$1,947,865$45,899,874
82$66,149,169$5,463,179$1,924,698$50,402,362
83$72,805,178$5,639,669$1,897,970$55,358,939
84$80,137,228$5,821,935$1,867,474$60,815,774
85$88,214,183$6,010,168$1,832,992$66,823,741
86$97,111,931$6,204,567$1,794,298$73,438,901
87$106,914,096$6,405,339$1,751,155$80,723,027
88$117,712,830$6,612,696$1,703,315$88,744,189
89$129,609,679$6,826,859$1,650,517$97,577,394
90$142,716,546$7,048,055$1,592,489$107,305,297
91$157,156,745$7,276,521$1,528,948$118,018,978
92$173,066,161$7,512,499$1,459,597$129,818,802
93$190,594,541$7,756,242$1,384,124$142,815,366
94$209,906,897$8,008,011$1,302,205$157,130,542
95$231,185,072$8,268,075$1,213,501$172,898,629
96$254,629,453$8,536,715$1,117,657$190,267,617
97$280,460,861$8,814,217$1,014,302$209,400,587
98$308,922,638$9,100,883$903,050$230,477,247
99$340,282,941$9,397,020$783,496$253,695,629
100$374,837,277$9,702,950$655,219$279,273,958