Can I retire at age 41 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$121,391$120,310$119,255$118,225$117,220$113,741
2 years$60,095$58,975$57,891$56,839$55,819$52,343
3 years$39,665$38,541$37,459$36,417$35,414$32,049
4 years$29,452$28,332$27,261$26,237$25,257$22,030
5 years$23,326$22,212$21,155$20,152$19,200$16,120
6 years$19,244$18,138$17,097$16,116$15,193$12,261
7 years$16,329$15,232$14,207$13,250$12,356$9,573
8 years$14,143$13,057$12,049$11,115$10,250$7,615
9 years$12,444$11,368$10,378$9,467$8,632$6,141
10 years$11,086$10,021$9,048$8,161$7,355$5,005
11 years$9,976$8,921$7,965$7,103$6,326$4,113
12 years$9,051$8,007$7,069$6,230$5,482$3,401
13 years$8,269$7,236$6,316$5,500$4,780$2,827
14 years$7,599$6,577$5,675$4,882$4,190$2,360
15 years$7,020$6,008$5,124$4,354$3,689$1,977
16 years$6,513$5,513$4,645$3,899$3,261$1,661
17 years$6,066$5,077$4,227$3,503$2,891$1,399
18 years$5,669$4,691$3,859$3,157$2,571$1,180
19 years$5,315$4,348$3,532$2,852$2,291$997
20 years$4,996$4,040$3,242$2,583$2,047$844
21 years$4,708$3,763$2,982$2,345$1,831$715
22 years$4,447$3,513$2,748$2,132$1,642$606
23 years$4,208$3,286$2,538$1,942$1,474$514
24 years$3,990$3,078$2,347$1,771$1,325$437
25 years$3,790$2,889$2,174$1,617$1,192$371
26 years$3,605$2,715$2,016$1,479$1,074$316
27 years$3,435$2,555$1,872$1,353$968$268
28 years$3,276$2,408$1,740$1,240$873$228
29 years$3,129$2,271$1,619$1,137$789$194
30 years$2,992$2,145$1,508$1,044$713$165
31 years$2,864$2,028$1,406$958$644$141
32 years$2,745$1,919$1,312$881$583$120
33 years$2,633$1,817$1,225$810$527$102
34 years$2,527$1,722$1,145$745$478$87
35 years$2,428$1,633$1,070$686$433$74
36 years$2,335$1,550$1,001$632$392$63
37 years$2,247$1,473$937$582$355$54
38 years$2,163$1,399$877$537$322$46
39 years$2,084$1,331$822$495$292$39
40 years$2,010$1,266$771$456$265$33
41 years$1,939$1,205$723$421$240$28
42 years$1,872$1,148$678$389$218$24
43 years$1,808$1,094$636$359$198$21
44 years$1,747$1,042$597$331$180$18
45 years$1,689$994$561$306$163$15
46 years$1,633$948$526$283$148$13
47 years$1,580$905$495$261$134$11
48 years$1,530$864$465$241$122$9
49 years$1,481$825$437$223$111$8
50 years$1,435$788$411$206$101$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,470,000, adding $6,795 every year, while hoping to spend $58,756 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: 56/31/13 Blend
40$1,470,000$1,470,000$1,470,000$1,470,000
41$1,626,949$1,549,039$1,526,254$1,712,277
42$1,730,382$1,562,426$1,514,868$1,784,261
43$1,842,396$1,574,500$1,501,131$1,855,619
44$1,963,804$1,585,134$1,484,902$1,931,976
45$2,095,500$1,594,194$1,466,034$2,013,820
46$2,238,468$1,601,536$1,444,374$2,101,691
47$2,393,789$1,607,009$1,419,758$2,196,187
48$2,562,654$1,610,450$1,392,018$2,297,965
49$2,746,370$1,611,689$1,360,976$2,407,754
50$2,946,380$1,610,541$1,326,448$2,526,359
51$3,164,266$1,606,813$1,288,240$2,654,669
52$3,401,773$1,600,299$1,246,148$2,793,665
53$3,660,821$1,590,780$1,199,961$2,944,434
54$3,943,522$1,578,026$1,149,457$3,108,173
55$4,252,201$1,561,789$1,094,404$3,286,208
56$4,589,418$1,541,809$1,034,559$3,480,000
57$4,957,992$1,517,811$969,669$3,691,164
58$5,361,024$1,489,500$899,470$3,921,486
59$5,801,931$1,456,568$823,685$4,172,935
60$6,284,474$1,418,686$742,025$4,447,688
61$6,812,795$1,375,507$654,187$4,748,146
62$7,391,454$1,326,661$559,857$5,076,963
63$8,025,476$1,271,761$458,705$5,437,067
64$8,720,390$1,210,393$350,388$5,831,693
65$9,482,290$1,142,122$234,546$6,264,411
66$10,317,885$1,066,487$110,804$6,739,160
67$11,234,565$983,001$0$7,260,291
68$12,240,470$891,147$0$7,835,553
69$13,344,567$790,383$0$8,483,892
70$14,556,732$680,131$0$9,195,828
71$15,887,846$559,784$0$9,977,878
72$17,349,892$428,700$0$10,837,230
73$18,956,074$286,199$0$11,781,809
74$20,720,936$131,565$0$12,820,358
75$22,660,501$0$0$13,962,518
76$24,792,421$0$0$15,231,191
77$27,136,145$0$0$16,675,386
78$29,713,098$0$0$18,263,442
79$32,546,886$0$0$20,009,927
80$35,663,516$0$0$21,930,886
81$39,091,643$0$0$24,044,002
82$42,862,838$0$0$26,368,754
83$47,011,887$0$0$28,926,608
84$51,577,115$0$0$31,741,213
85$56,600,752$0$0$34,838,626
86$62,129,327$0$0$38,247,559
87$68,214,108$0$0$41,999,648
88$74,911,587$0$0$46,129,751
89$82,284,006$0$0$50,676,279
90$90,399,953$0$0$55,681,553
91$99,335,001$0$0$61,192,208
92$109,172,422$0$0$67,259,631
93$120,003,975$0$0$73,940,445
94$131,930,770$0$0$81,297,042
95$145,064,219$0$0$89,398,173
96$159,527,090$0$0$98,319,599
97$175,454,663$0$0$108,144,798
98$192,996,007$0$0$118,965,761
99$212,315,384$0$0$130,883,853
100$233,593,801$0$0$144,010,773