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%14.1%
1 years$117,262$116,218$115,199$114,204$113,233$111,311
2 years$58,051$56,969$55,922$54,906$53,920$51,990
3 years$38,316$37,230$36,185$35,179$34,209$32,331
4 years$28,451$27,368$26,333$25,344$24,398$22,586
5 years$22,533$21,457$20,436$19,467$18,547$16,806
6 years$18,589$17,521$16,515$15,568$14,676$13,008
7 years$15,773$14,714$13,724$12,799$11,935$10,341
8 years$13,662$12,613$11,639$10,737$9,902$8,381
9 years$12,021$10,982$10,025$9,145$8,339$6,891
10 years$10,709$9,680$8,740$7,883$7,105$5,728
11 years$9,636$8,617$7,694$6,861$6,110$4,804
12 years$8,743$7,735$6,829$6,018$5,295$4,057
13 years$7,988$6,990$6,101$5,313$4,617$3,445
14 years$7,341$6,354$5,482$4,716$4,048$2,940
15 years$6,781$5,804$4,949$4,206$3,564$2,518
16 years$6,291$5,325$4,487$3,766$3,150$2,164
17 years$5,860$4,904$4,083$3,384$2,793$1,865
18 years$5,476$4,532$3,727$3,049$2,483$1,611
19 years$5,134$4,200$3,412$2,755$2,213$1,394
20 years$4,826$3,903$3,132$2,496$1,977$1,209
21 years$4,548$3,635$2,880$2,265$1,769$1,049
22 years$4,295$3,393$2,655$2,059$1,586$912
23 years$4,065$3,174$2,451$1,875$1,424$794
24 years$3,855$2,974$2,267$1,711$1,280$691
25 years$3,661$2,791$2,100$1,562$1,151$603
26 years$3,483$2,623$1,947$1,428$1,037$526
27 years$3,318$2,468$1,808$1,307$935$459
28 years$3,165$2,326$1,681$1,198$844$401
29 years$3,023$2,194$1,564$1,098$762$350
30 years$2,891$2,072$1,457$1,008$688$306
31 years$2,767$1,959$1,358$926$622$267
32 years$2,651$1,854$1,267$851$563$234
33 years$2,543$1,755$1,183$782$509$205
34 years$2,441$1,664$1,106$720$461$179
35 years$2,346$1,578$1,034$663$418$157
36 years$2,255$1,498$967$610$379$137
37 years$2,170$1,422$905$562$343$120
38 years$2,090$1,352$848$518$311$105
39 years$2,014$1,285$794$478$282$92
40 years$1,941$1,223$744$441$256$81
41 years$1,873$1,164$698$407$232$71
42 years$1,808$1,109$655$375$211$62
43 years$1,746$1,056$614$347$191$54
44 years$1,687$1,007$577$320$173$47
45 years$1,631$960$541$295$158$42
46 years$1,578$916$509$273$143$36
47 years$1,527$874$478$252$130$32
48 years$1,478$835$449$233$118$28
49 years$1,431$797$422$215$107$25
50 years$1,386$761$397$199$97$21

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 $3,529 every year, while hoping to spend $28,186 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: 62/32/6 Blend
40$1,420,000$1,420,000$1,420,000$1,420,000
41$1,568,480$1,493,220$1,471,210$1,663,828
42$1,698,475$1,536,398$1,490,506$1,771,058
43$1,840,786$1,580,747$1,509,504$1,884,431
44$1,996,637$1,626,295$1,528,163$2,007,441
45$2,167,380$1,673,070$1,546,443$2,141,015
46$2,354,502$1,721,100$1,564,298$2,286,178
47$2,559,641$1,770,413$1,581,682$2,444,056
48$2,784,601$1,821,040$1,598,545$2,615,887
49$3,031,369$1,873,010$1,614,835$2,803,036
50$3,302,134$1,926,353$1,630,497$3,007,006
51$3,599,306$1,981,098$1,645,473$3,229,449
52$3,925,541$2,037,278$1,659,702$3,472,188
53$4,283,764$2,094,922$1,673,119$3,737,226
54$4,677,196$2,154,061$1,685,657$4,026,772
55$5,109,388$2,214,728$1,697,245$4,343,257
56$5,584,250$2,276,954$1,707,807$4,689,359
57$6,106,089$2,340,771$1,717,264$5,068,027
58$6,679,652$2,406,211$1,725,534$5,482,509
59$7,310,167$2,473,305$1,732,530$5,936,383
60$8,003,393$2,542,086$1,738,159$6,433,591
61$8,765,678$2,612,587$1,742,326$6,978,472
62$9,604,013$2,684,840$1,744,930$7,575,809
63$10,526,101$2,758,876$1,745,864$8,230,869
64$11,540,431$2,834,728$1,745,017$8,949,456
65$12,656,353$2,912,428$1,742,274$9,737,962
66$13,884,171$2,992,007$1,737,510$10,603,430
67$15,235,238$3,073,497$1,730,598$11,553,620
68$16,722,063$3,156,929$1,721,404$12,597,081
69$18,358,428$3,242,333$1,709,786$13,743,230
70$20,159,520$3,329,740$1,695,596$15,002,445
71$22,142,072$3,419,178$1,678,679$16,386,160
72$24,324,522$3,510,677$1,658,874$17,906,971
73$26,727,187$3,604,263$1,636,010$19,578,759
74$29,372,453$3,699,965$1,609,909$21,416,817
75$32,284,987$3,797,807$1,580,385$23,437,996
76$35,491,971$3,897,815$1,547,243$25,660,864
77$39,023,356$4,000,012$1,510,279$28,105,880
78$42,912,145$4,104,419$1,469,280$30,795,588
79$47,194,705$4,211,057$1,424,023$33,754,827
80$51,911,110$4,319,944$1,374,273$37,010,971
81$57,105,519$4,431,097$1,319,786$40,594,180
82$62,826,590$4,544,530$1,260,308$44,537,691
83$69,127,945$4,660,254$1,195,571$48,878,125
84$76,068,669$4,778,280$1,125,296$53,655,839
85$83,713,872$4,898,614$1,049,192$58,915,303
86$92,135,300$5,021,260$966,953$64,705,520
87$101,412,017$5,146,217$878,262$71,080,489
88$111,631,144$5,273,484$782,786$78,099,714
89$122,888,688$5,403,052$680,176$85,828,768
90$135,290,444$5,534,910$570,071$94,339,906
91$148,952,992$5,669,044$452,092$103,712,755
92$164,004,802$5,805,432$325,842$114,035,057
93$180,587,443$5,944,050$190,909$125,403,505
94$198,856,919$6,084,865$46,861$137,924,650
95$218,985,143$6,227,842$0$151,715,910
96$241,161,558$6,372,936$0$166,913,518
97$265,594,924$6,520,097$0$183,656,866
98$292,515,293$6,669,269$0$202,100,111
99$322,176,175$6,820,384$0$222,416,440
100$354,856,932$6,973,371$0$244,796,700