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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$123,869$122,765$121,689$120,638$119,612$116,863
2 years$61,321$60,179$59,072$57,999$56,958$54,204
3 years$40,475$39,328$38,224$37,161$36,137$33,463
4 years$30,053$28,910$27,817$26,772$25,773$23,200
5 years$23,802$22,666$21,587$20,564$19,592$17,128
6 years$19,636$18,508$17,446$16,445$15,503$13,149
7 years$16,662$15,543$14,497$13,520$12,608$10,366
8 years$14,432$13,323$12,295$11,342$10,459$8,328
9 years$12,698$11,600$10,590$9,661$8,808$6,786
10 years$11,312$10,225$9,232$8,328$7,505$5,589
11 years$10,179$9,103$8,128$7,247$6,455$4,643
12 years$9,236$8,170$7,213$6,357$5,593$3,883
13 years$8,438$7,384$6,445$5,612$4,878$3,265
14 years$7,754$6,711$5,791$4,982$4,276$2,758
15 years$7,163$6,131$5,228$4,443$3,765$2,338
16 years$6,646$5,625$4,740$3,978$3,327$1,988
17 years$6,190$5,181$4,313$3,574$2,950$1,695
18 years$5,785$4,787$3,937$3,221$2,623$1,448
19 years$5,423$4,437$3,605$2,911$2,338$1,239
20 years$5,098$4,123$3,308$2,636$2,088$1,062
21 years$4,804$3,840$3,043$2,393$1,869$912
22 years$4,537$3,585$2,804$2,175$1,675$783
23 years$4,294$3,353$2,589$1,981$1,504$674
24 years$4,072$3,141$2,395$1,807$1,352$580
25 years$3,867$2,948$2,218$1,650$1,216$500
26 years$3,679$2,770$2,057$1,509$1,096$431
27 years$3,505$2,607$1,910$1,381$988$371
28 years$3,343$2,457$1,776$1,265$891$320
29 years$3,193$2,318$1,652$1,160$805$276
30 years$3,053$2,189$1,539$1,065$727$239
31 years$2,923$2,069$1,435$978$657$206
32 years$2,801$1,958$1,339$899$595$178
33 years$2,686$1,854$1,250$827$538$154
34 years$2,579$1,757$1,168$761$487$133
35 years$2,478$1,667$1,092$700$441$115
36 years$2,382$1,582$1,022$645$400$99
37 years$2,292$1,503$956$594$362$86
38 years$2,207$1,428$895$548$329$74
39 years$2,127$1,358$839$505$298$64
40 years$2,051$1,292$786$466$270$55
41 years$1,978$1,230$737$430$245$48
42 years$1,910$1,171$692$397$222$41
43 years$1,844$1,116$649$366$202$36
44 years$1,782$1,064$609$338$183$31
45 years$1,723$1,014$572$312$166$27
46 years$1,666$968$537$288$151$23
47 years$1,613$923$505$266$137$20
48 years$1,561$882$474$246$125$17
49 years$1,512$842$446$227$113$15
50 years$1,465$804$419$210$103$13

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 $2,038 every year, while hoping to spend $30,647 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: 68/20/12 Blend
40$1,500,000$1,500,000$1,500,000$1,500,000
41$1,655,102$1,575,602$1,552,352$1,763,177
42$1,791,314$1,620,199$1,571,748$1,879,898
43$1,940,393$1,665,953$1,590,766$2,003,655
44$2,103,618$1,712,890$1,609,362$2,138,211
45$2,282,400$1,761,034$1,627,488$2,284,622
46$2,478,290$1,810,409$1,645,094$2,444,050
47$2,692,997$1,861,041$1,662,126$2,617,775
48$2,928,406$1,912,955$1,678,530$2,807,206
49$3,186,588$1,966,175$1,694,246$3,013,896
50$3,469,830$2,020,727$1,709,213$3,239,553
51$3,780,645$2,076,636$1,723,364$3,486,060
52$4,121,806$2,133,926$1,736,632$3,755,490
53$4,496,364$2,192,622$1,748,944$4,050,127
54$4,907,683$2,252,751$1,760,223$4,372,487
55$5,359,466$2,314,335$1,770,389$4,725,340
56$5,855,794$2,377,399$1,779,359$5,111,739
57$6,401,161$2,441,968$1,787,044$5,535,047
58$7,000,520$2,508,065$1,793,351$5,998,968
59$7,659,327$2,575,714$1,798,182$6,507,584
60$8,383,592$2,644,937$1,801,435$7,065,390
61$9,179,936$2,715,758$1,803,001$7,677,341
62$10,055,657$2,788,197$1,802,768$8,348,893
63$11,018,790$2,862,275$1,800,618$9,086,061
64$12,078,194$2,938,013$1,796,425$9,895,469
65$13,243,624$3,015,430$1,790,060$10,784,418
66$14,525,832$3,094,545$1,781,385$11,760,950
67$15,936,663$3,175,373$1,770,258$12,833,928
68$17,489,168$3,257,932$1,756,527$14,013,117
69$19,197,728$3,342,236$1,740,036$15,309,277
70$21,078,189$3,428,298$1,720,619$16,734,263
71$23,148,008$3,516,129$1,698,104$18,301,142
72$25,426,425$3,605,739$1,672,310$20,024,307
73$27,934,635$3,697,135$1,643,048$21,919,622
74$30,695,996$3,790,323$1,610,118$24,004,566
75$33,736,246$3,885,306$1,573,315$26,298,401
76$37,083,742$3,982,085$1,532,420$28,822,351
77$40,769,734$4,080,658$1,487,206$31,599,804
78$44,828,656$4,181,020$1,437,437$34,656,534
79$49,298,451$4,283,162$1,382,864$38,020,942
80$54,220,929$4,387,073$1,323,226$41,724,324
81$59,642,163$4,492,738$1,258,252$45,801,168
82$65,612,919$4,600,138$1,187,659$50,289,477
83$72,189,140$4,709,248$1,111,150$55,231,133
84$79,432,473$4,820,042$1,028,414$60,672,285
85$87,410,847$4,932,486$939,127$66,663,791
86$96,199,118$5,046,542$842,952$73,261,695
87$105,879,772$5,162,166$739,535$80,527,756
88$116,543,705$5,279,309$628,506$88,530,033
89$128,291,081$5,397,914$509,479$97,343,524
90$141,232,278$5,517,917$382,053$107,050,880
91$155,488,924$5,639,250$245,806$117,743,177
92$171,195,054$5,761,833$100,300$129,520,786
93$188,498,366$5,885,579$0$142,494,310
94$207,561,621$6,010,394$0$156,792,677
95$228,564,175$6,136,172$0$172,557,328
96$251,703,675$6,262,798$0$189,923,493
97$277,197,921$6,390,146$0$209,054,355
98$305,286,925$6,518,079$0$230,129,740
99$336,235,174$6,646,448$0$253,347,813
100$370,334,127$6,775,090$0$278,926,948