Can I retire at age 41 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$123,869$122,765$121,689$120,638$119,612$117,389
2 years$61,321$60,179$59,072$57,999$56,958$54,727
3 years$40,475$39,328$38,224$37,161$36,137$33,967
4 years$30,053$28,910$27,817$26,772$25,773$23,681
5 years$23,802$22,666$21,587$20,564$19,592$17,584
6 years$19,636$18,508$17,446$16,445$15,503$13,581
7 years$16,662$15,543$14,497$13,520$12,608$10,772
8 years$14,432$13,323$12,295$11,342$10,459$8,710
9 years$12,698$11,600$10,590$9,661$8,808$7,144
10 years$11,312$10,225$9,232$8,328$7,505$5,924
11 years$10,179$9,103$8,128$7,247$6,455$4,956
12 years$9,236$8,170$7,213$6,357$5,593$4,174
13 years$8,438$7,384$6,445$5,612$4,878$3,536
14 years$7,754$6,711$5,791$4,982$4,276$3,009
15 years$7,163$6,131$5,228$4,443$3,765$2,570
16 years$6,646$5,625$4,740$3,978$3,327$2,203
17 years$6,190$5,181$4,313$3,574$2,950$1,893
18 years$5,785$4,787$3,937$3,221$2,623$1,630
19 years$5,423$4,437$3,605$2,911$2,338$1,407
20 years$5,098$4,123$3,308$2,636$2,088$1,216
21 years$4,804$3,840$3,043$2,393$1,869$1,052
22 years$4,537$3,585$2,804$2,175$1,675$912
23 years$4,294$3,353$2,589$1,981$1,504$791
24 years$4,072$3,141$2,395$1,807$1,352$687
25 years$3,867$2,948$2,218$1,650$1,216$597
26 years$3,679$2,770$2,057$1,509$1,096$519
27 years$3,505$2,607$1,910$1,381$988$451
28 years$3,343$2,457$1,776$1,265$891$393
29 years$3,193$2,318$1,652$1,160$805$342
30 years$3,053$2,189$1,539$1,065$727$298
31 years$2,923$2,069$1,435$978$657$260
32 years$2,801$1,958$1,339$899$595$226
33 years$2,686$1,854$1,250$827$538$197
34 years$2,579$1,757$1,168$761$487$172
35 years$2,478$1,667$1,092$700$441$150
36 years$2,382$1,582$1,022$645$400$131
37 years$2,292$1,503$956$594$362$114
38 years$2,207$1,428$895$548$329$100
39 years$2,127$1,358$839$505$298$87
40 years$2,051$1,292$786$466$270$76
41 years$1,978$1,230$737$430$245$66
42 years$1,910$1,171$692$397$222$58
43 years$1,844$1,116$649$366$202$51
44 years$1,782$1,064$609$338$183$44
45 years$1,723$1,014$572$312$166$39
46 years$1,666$968$537$288$151$34
47 years$1,613$923$505$266$137$29
48 years$1,561$882$474$246$125$26
49 years$1,512$842$446$227$113$22
50 years$1,465$804$419$210$103$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,500,000, adding $4,456 every year, while hoping to spend $54,318 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: 42/48/10 Blend
40$1,500,000$1,500,000$1,500,000$1,500,000
41$1,657,596$1,578,096$1,554,846$1,722,178
42$1,768,877$1,597,629$1,549,140$1,787,278
43$1,889,688$1,616,299$1,541,422$1,851,924
44$2,020,944$1,634,005$1,531,567$1,920,702
45$2,163,651$1,650,642$1,519,445$1,994,012
46$2,318,916$1,666,096$1,504,919$2,072,294
47$2,487,958$1,680,246$1,487,846$2,156,037
48$2,672,115$1,692,964$1,468,074$2,245,781
49$2,872,864$1,704,112$1,445,448$2,342,124
50$3,091,827$1,713,545$1,419,801$2,445,725
51$3,330,791$1,721,107$1,390,963$2,557,317
52$3,591,723$1,726,632$1,358,751$2,677,708
53$3,876,788$1,729,946$1,322,978$2,807,791
54$4,188,368$1,730,861$1,283,446$2,948,557
55$4,529,088$1,729,180$1,239,948$3,101,098
56$4,901,837$1,724,692$1,192,268$3,266,624
57$5,309,797$1,717,174$1,140,181$3,446,471
58$5,756,469$1,706,389$1,083,450$3,642,117
59$6,245,711$1,692,084$1,021,829$3,855,195
60$6,781,772$1,673,995$955,058$4,087,512
61$7,369,330$1,651,837$882,870$4,341,061
62$8,013,537$1,625,312$804,981$4,618,049
63$8,720,067$1,594,103$721,097$4,920,911
64$9,495,172$1,557,872$630,912$5,252,341
65$10,345,736$1,516,264$534,104$5,615,311
66$11,279,343$1,468,902$430,338$6,013,109
67$12,304,344$1,415,387$319,263$6,449,362
68$13,429,943$1,355,297$200,514$6,928,081
69$14,666,276$1,288,185$73,710$7,453,692
70$16,024,509$1,213,578$0$8,031,084
71$17,516,942$1,130,978$0$8,672,232
72$19,157,130$1,039,855$0$9,385,344
73$20,960,000$939,650$0$10,169,174
74$22,942,001$829,775$0$11,031,039
75$25,121,255$709,604$0$11,979,011
76$27,517,727$578,478$0$13,022,000
77$30,153,414$435,702$0$14,169,834
78$33,052,550$280,539$0$15,433,361
79$36,241,838$112,213$0$16,824,549
80$39,750,698$0$0$18,356,600
81$43,611,545$0$0$20,081,107
82$47,860,097$0$0$22,044,229
83$52,535,707$0$0$24,204,907
84$57,681,736$0$0$26,583,207
85$63,345,962$0$0$29,201,240
86$69,581,032$0$0$32,083,369
87$76,444,952$0$0$35,256,438
88$84,001,643$0$0$38,750,029
89$92,321,533$0$0$42,596,734
90$101,482,232$0$0$46,832,471
91$111,569,255$0$0$51,496,815
92$122,676,834$0$0$56,633,377
93$134,908,801$0$0$62,290,211
94$148,379,576$0$0$68,520,268
95$163,215,238$0$0$75,381,900
96$179,554,717$0$0$82,939,404
97$197,551,105$0$0$91,263,633
98$217,373,102$0$0$100,432,662
99$239,206,604$0$0$110,532,527
100$263,256,459$0$0$121,658,033