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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$122,217$121,128$120,066$119,030$118,017$113,966
2 years$60,503$59,377$58,285$57,226$56,199$52,158
3 years$39,935$38,803$37,714$36,665$35,655$31,752
4 years$29,653$28,525$27,446$26,415$25,429$21,694
5 years$23,485$22,364$21,299$20,289$19,331$15,774
6 years$19,375$18,262$17,213$16,226$15,296$11,919
7 years$16,440$15,336$14,304$13,340$12,440$9,243
8 years$14,239$13,146$12,131$11,191$10,320$7,300
9 years$12,529$11,446$10,448$9,532$8,691$5,844
10 years$11,162$10,089$9,109$8,217$7,405$4,727
11 years$10,044$8,982$8,020$7,151$6,369$3,854
12 years$9,112$8,061$7,117$6,272$5,519$3,162
13 years$8,325$7,285$6,359$5,537$4,813$2,608
14 years$7,651$6,622$5,713$4,916$4,219$2,159
15 years$7,067$6,049$5,158$4,384$3,714$1,793
16 years$6,557$5,550$4,677$3,925$3,283$1,493
17 years$6,107$5,111$4,256$3,527$2,911$1,246
18 years$5,708$4,723$3,885$3,178$2,588$1,042
19 years$5,351$4,377$3,556$2,872$2,307$873
20 years$5,030$4,068$3,264$2,601$2,061$732
21 years$4,740$3,789$3,002$2,361$1,844$614
22 years$4,477$3,537$2,767$2,146$1,653$516
23 years$4,237$3,308$2,555$1,955$1,484$434
24 years$4,017$3,099$2,363$1,783$1,334$365
25 years$3,816$2,909$2,188$1,628$1,200$307
26 years$3,630$2,734$2,030$1,489$1,081$259
27 years$3,458$2,573$1,885$1,363$975$218
28 years$3,299$2,424$1,752$1,248$879$183
29 years$3,151$2,287$1,630$1,145$794$155
30 years$3,013$2,160$1,519$1,051$717$130
31 years$2,884$2,042$1,416$965$649$110
32 years$2,763$1,932$1,321$887$587$93
33 years$2,650$1,829$1,233$816$531$78
34 years$2,544$1,734$1,152$750$481$66
35 years$2,445$1,645$1,077$691$435$56
36 years$2,351$1,561$1,008$636$395$47
37 years$2,262$1,483$943$586$358$40
38 years$2,178$1,409$883$540$324$33
39 years$2,099$1,340$828$498$294$28
40 years$2,023$1,275$776$459$267$24
41 years$1,952$1,213$727$424$242$20
42 years$1,884$1,156$682$391$220$17
43 years$1,820$1,101$640$361$199$14
44 years$1,758$1,050$601$333$181$12
45 years$1,700$1,001$564$308$164$10
46 years$1,644$955$530$284$149$9
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$6
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

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 $6,710 every year, while hoping to spend $47,185 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: 74/6/20 Blend
40$1,480,000$1,480,000$1,480,000$1,480,000
41$1,637,881$1,559,441$1,536,501$1,750,816
42$1,754,741$1,585,650$1,537,770$1,852,887
43$1,881,938$1,611,560$1,537,499$1,958,324
44$2,020,479$1,637,110$1,535,588$2,072,653
45$2,171,468$1,662,228$1,531,930$2,196,750
46$2,336,122$1,686,842$1,526,415$2,331,579
47$2,515,781$1,710,871$1,518,924$2,478,203
48$2,711,918$1,734,232$1,509,335$2,637,795
49$2,926,156$1,756,832$1,497,521$2,811,644
50$3,160,282$1,778,574$1,483,345$3,001,175
51$3,416,262$1,799,355$1,466,668$3,207,954
52$3,696,261$1,819,064$1,447,342$3,433,712
53$4,002,663$1,837,582$1,425,212$3,680,352
54$4,338,095$1,854,783$1,400,116$3,949,974
55$4,705,445$1,870,532$1,371,885$4,244,892
56$5,107,899$1,884,687$1,340,341$4,567,657
57$5,548,961$1,897,093$1,305,300$4,921,080
58$6,032,494$1,907,589$1,266,566$5,308,260
59$6,562,750$1,916,003$1,223,937$5,732,612
60$7,144,412$1,922,149$1,177,201$6,197,901
61$7,782,640$1,925,832$1,126,135$6,708,275
62$8,483,117$1,926,845$1,070,508$7,268,308
63$9,252,101$1,924,967$1,010,076$7,883,040
64$10,096,489$1,919,964$944,587$8,558,028
65$11,023,876$1,911,587$873,776$9,299,396
66$12,042,628$1,899,572$797,364$10,113,892
67$13,161,964$1,883,639$715,064$11,008,958
68$14,392,039$1,863,492$626,573$11,992,792
69$15,744,040$1,838,815$531,576$13,074,434
70$17,230,290$1,809,276$429,743$14,263,845
71$18,864,370$1,774,520$320,729$15,572,004
72$20,661,239$1,734,174$204,176$17,011,014
73$22,637,378$1,687,842$79,709$18,594,214
74$24,810,947$1,635,103$0$20,336,305
75$27,201,953$1,575,513$0$22,264,826
76$29,832,442$1,508,602$0$24,405,190
77$32,726,701$1,433,873$0$26,760,145
78$35,911,492$1,350,800$0$29,351,480
79$39,416,301$1,258,827$0$32,203,206
80$43,273,619$1,157,365$0$35,341,780
81$47,519,244$1,045,792$0$38,796,355
82$52,192,622$923,451$0$42,599,057
83$57,337,217$789,647$0$46,785,285
84$63,000,920$643,647$0$51,394,047
85$69,236,503$484,675$0$56,468,327
86$76,102,115$311,912$0$62,055,493
87$83,661,829$124,494$0$68,207,739
88$91,986,248$0$0$74,982,585
89$101,153,172$0$0$82,448,593
90$111,248,329$0$0$90,679,738
91$122,366,184$0$0$99,744,833
92$134,610,831$0$0$109,728,764
93$148,096,977$0$0$120,725,070
94$162,951,018$0$0$132,836,825
95$179,312,238$0$0$146,177,609
96$197,334,120$0$0$160,872,583
97$217,185,792$0$0$177,059,667
98$239,053,629$0$0$194,890,844
99$263,143,003$0$0$214,533,590
100$289,680,230$0$0$236,172,458