Can I retire at age 41 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$122,217$121,128$120,066$119,030$118,017$116,736
2 years$60,503$59,377$58,285$57,226$56,199$54,909
3 years$39,935$38,803$37,714$36,665$35,655$34,396
4 years$29,653$28,525$27,446$26,415$25,429$24,212
5 years$23,485$22,364$21,299$20,289$19,331$18,158
6 years$19,375$18,262$17,213$16,226$15,296$14,169
7 years$16,440$15,336$14,304$13,340$12,440$11,359
8 years$14,239$13,146$12,131$11,191$10,320$9,285
9 years$12,529$11,446$10,448$9,532$8,691$7,702
10 years$11,162$10,089$9,109$8,217$7,405$6,462
11 years$10,044$8,982$8,020$7,151$6,369$5,470
12 years$9,112$8,061$7,117$6,272$5,519$4,664
13 years$8,325$7,285$6,359$5,537$4,813$4,000
14 years$7,651$6,622$5,713$4,916$4,219$3,447
15 years$7,067$6,049$5,158$4,384$3,714$2,983
16 years$6,557$5,550$4,677$3,925$3,283$2,591
17 years$6,107$5,111$4,256$3,527$2,911$2,256
18 years$5,708$4,723$3,885$3,178$2,588$1,970
19 years$5,351$4,377$3,556$2,872$2,307$1,724
20 years$5,030$4,068$3,264$2,601$2,061$1,511
21 years$4,740$3,789$3,002$2,361$1,844$1,327
22 years$4,477$3,537$2,767$2,146$1,653$1,166
23 years$4,237$3,308$2,555$1,955$1,484$1,027
24 years$4,017$3,099$2,363$1,783$1,334$905
25 years$3,816$2,909$2,188$1,628$1,200$798
26 years$3,630$2,734$2,030$1,489$1,081$705
27 years$3,458$2,573$1,885$1,363$975$622
28 years$3,299$2,424$1,752$1,248$879$550
29 years$3,151$2,287$1,630$1,145$794$487
30 years$3,013$2,160$1,519$1,051$717$430
31 years$2,884$2,042$1,416$965$649$381
32 years$2,763$1,932$1,321$887$587$337
33 years$2,650$1,829$1,233$816$531$299
34 years$2,544$1,734$1,152$750$481$265
35 years$2,445$1,645$1,077$691$435$235
36 years$2,351$1,561$1,008$636$395$208
37 years$2,262$1,483$943$586$358$185
38 years$2,178$1,409$883$540$324$164
39 years$2,099$1,340$828$498$294$145
40 years$2,023$1,275$776$459$267$129
41 years$1,952$1,213$727$424$242$114
42 years$1,884$1,156$682$391$220$101
43 years$1,820$1,101$640$361$199$90
44 years$1,758$1,050$601$333$181$80
45 years$1,700$1,001$564$308$164$71
46 years$1,644$955$530$284$149$63
47 years$1,591$911$498$263$135$56
48 years$1,540$870$468$243$123$50
49 years$1,492$831$440$224$112$44
50 years$1,445$793$414$207$101$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,480,000, adding $2,592 every year, while hoping to spend $55,912 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: 50/32/18 Blend
40$1,480,000$1,480,000$1,480,000$1,480,000
41$1,633,634$1,555,194$1,532,254$1,707,030
42$1,740,774$1,571,908$1,524,094$1,774,678
43$1,856,969$1,587,568$1,513,787$1,842,177
44$1,983,084$1,602,062$1,501,203$1,914,330
45$2,120,067$1,615,272$1,486,202$1,991,597
46$2,268,967$1,627,073$1,468,643$2,074,485
47$2,430,933$1,637,331$1,448,373$2,163,555
48$2,607,231$1,645,903$1,425,237$2,259,428
49$2,799,254$1,652,638$1,399,068$2,362,790
50$3,008,536$1,657,375$1,369,694$2,474,398
51$3,236,762$1,659,942$1,336,935$2,595,093
52$3,485,790$1,660,158$1,300,601$2,725,801
53$3,757,664$1,657,829$1,260,494$2,867,547
54$4,054,633$1,652,750$1,216,408$3,021,462
55$4,379,174$1,644,703$1,168,126$3,188,799
56$4,734,014$1,633,457$1,115,422$3,370,940
57$5,122,155$1,618,768$1,058,060$3,569,414
58$5,546,902$1,600,375$995,793$3,785,909
59$6,011,895$1,578,003$928,361$4,022,290
60$6,521,143$1,551,359$855,495$4,280,617
61$7,079,059$1,520,135$776,914$4,563,167
62$7,690,504$1,484,003$692,322$4,872,454
63$8,360,833$1,442,616$601,412$5,211,253
64$9,095,940$1,395,607$503,862$5,582,632
65$9,902,321$1,342,587$399,336$5,989,975
66$10,787,129$1,283,145$287,485$6,437,020
67$11,758,242$1,216,845$167,942$6,927,897
68$12,824,340$1,143,228$40,325$7,467,160
69$13,994,983$1,061,806$0$8,059,841
70$15,280,702$972,066$0$8,729,905
71$16,693,099$873,462$0$9,474,530
72$18,244,954$765,420$0$10,292,812
73$19,950,346$647,333$0$11,192,305
74$21,824,787$518,558$0$12,181,340
75$23,885,366$378,418$0$13,269,104
76$26,150,909$226,196$0$14,465,729
77$28,642,158$61,136$0$15,782,391
78$31,381,966$0$0$17,231,411
79$34,395,511$0$0$18,867,777
80$37,710,534$0$0$20,691,704
81$41,357,600$0$0$22,698,503
82$45,370,386$0$0$24,906,728
83$49,785,996$0$0$27,336,820
84$54,645,315$0$0$30,011,304
85$59,993,391$0$0$32,954,999
86$65,879,860$0$0$36,195,250
87$72,359,414$0$0$39,762,191
88$79,492,316$0$0$43,689,022
89$87,344,969$0$0$48,012,330
90$95,990,543$0$0$52,772,427
91$105,509,662$0$0$58,013,733
92$115,991,165$0$0$63,785,196
93$127,532,947$0$0$70,140,750
94$140,242,877$0$0$77,139,830
95$154,239,819$0$0$84,847,924
96$169,654,752$0$0$93,337,198
97$186,632,007$0$0$102,687,175
98$205,330,624$0$0$112,985,480
99$225,925,858$0$0$124,328,676
100$248,610,829$0$0$136,823,166