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%18.7%
1 years$123,869$122,765$121,689$120,638$119,612$115,414
2 years$61,321$60,179$59,072$57,999$56,958$52,773
3 years$40,475$39,328$38,224$37,161$36,137$32,095
4 years$30,053$28,910$27,817$26,772$25,773$21,907
5 years$23,802$22,666$21,587$20,564$19,592$15,911
6 years$19,636$18,508$17,446$16,445$15,503$12,010
7 years$16,662$15,543$14,497$13,520$12,608$9,302
8 years$14,432$13,323$12,295$11,342$10,459$7,338
9 years$12,698$11,600$10,590$9,661$8,808$5,868
10 years$11,312$10,225$9,232$8,328$7,505$4,741
11 years$10,179$9,103$8,128$7,247$6,455$3,860
12 years$9,236$8,170$7,213$6,357$5,593$3,163
13 years$8,438$7,384$6,445$5,612$4,878$2,604
14 years$7,754$6,711$5,791$4,982$4,276$2,153
15 years$7,163$6,131$5,228$4,443$3,765$1,786
16 years$6,646$5,625$4,740$3,978$3,327$1,485
17 years$6,190$5,181$4,313$3,574$2,950$1,238
18 years$5,785$4,787$3,937$3,221$2,623$1,033
19 years$5,423$4,437$3,605$2,911$2,338$864
20 years$5,098$4,123$3,308$2,636$2,088$723
21 years$4,804$3,840$3,043$2,393$1,869$606
22 years$4,537$3,585$2,804$2,175$1,675$509
23 years$4,294$3,353$2,589$1,981$1,504$427
24 years$4,072$3,141$2,395$1,807$1,352$358
25 years$3,867$2,948$2,218$1,650$1,216$301
26 years$3,679$2,770$2,057$1,509$1,096$253
27 years$3,505$2,607$1,910$1,381$988$213
28 years$3,343$2,457$1,776$1,265$891$179
29 years$3,193$2,318$1,652$1,160$805$151
30 years$3,053$2,189$1,539$1,065$727$127
31 years$2,923$2,069$1,435$978$657$107
32 years$2,801$1,958$1,339$899$595$90
33 years$2,686$1,854$1,250$827$538$76
34 years$2,579$1,757$1,168$761$487$64
35 years$2,478$1,667$1,092$700$441$54
36 years$2,382$1,582$1,022$645$400$45
37 years$2,292$1,503$956$594$362$38
38 years$2,207$1,428$895$548$329$32
39 years$2,127$1,358$839$505$298$27
40 years$2,051$1,292$786$466$270$23
41 years$1,978$1,230$737$430$245$19
42 years$1,910$1,171$692$397$222$16
43 years$1,844$1,116$649$366$202$14
44 years$1,782$1,064$609$338$183$11
45 years$1,723$1,014$572$312$166$10
46 years$1,666$968$537$288$151$8
47 years$1,613$923$505$266$137$7
48 years$1,561$882$474$246$125$6
49 years$1,512$842$446$227$113$5
50 years$1,465$804$419$210$103$4

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 $5,268 every year, while hoping to spend $50,386 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: 54/30/16 Blend
40$1,500,000$1,500,000$1,500,000$1,500,000
41$1,658,434$1,578,934$1,555,684$1,740,631
42$1,773,984$1,602,691$1,554,189$1,821,058
43$1,899,631$1,625,924$1,550,955$1,902,732
44$2,036,353$1,648,554$1,545,871$1,990,504
45$2,185,223$1,670,495$1,538,820$2,084,968
46$2,347,424$1,691,658$1,529,680$2,186,778
47$2,524,259$1,711,946$1,518,321$2,296,659
48$2,717,158$1,731,257$1,504,610$2,415,408
49$2,927,699$1,749,479$1,488,405$2,543,904
50$3,157,618$1,766,497$1,469,560$2,683,121
51$3,408,823$1,782,184$1,447,918$2,834,129
52$3,683,419$1,796,407$1,423,320$2,998,111
53$3,983,721$1,809,024$1,395,594$3,176,374
54$4,312,279$1,819,884$1,364,565$3,370,357
55$4,671,899$1,828,826$1,330,046$3,581,650
56$5,065,673$1,835,679$1,291,843$3,812,007
57$5,497,006$1,840,261$1,249,753$4,063,362
58$5,969,645$1,842,379$1,203,564$4,337,851
59$6,487,719$1,841,826$1,153,055$4,637,829
60$7,055,777$1,838,385$1,097,992$4,965,895
61$7,678,824$1,831,825$1,038,133$5,324,917
62$8,362,379$1,821,898$973,224$5,718,058
63$9,112,515$1,808,345$903,002$6,148,809
64$9,935,927$1,790,889$827,187$6,621,018
65$10,839,986$1,769,237$745,492$7,138,933
66$11,832,812$1,743,078$657,614$7,707,239
67$12,923,352$1,712,081$563,237$8,331,104
68$14,121,460$1,675,900$462,032$9,016,228
69$15,437,993$1,634,162$353,654$9,768,898
70$16,884,911$1,586,479$237,743$10,596,050
71$18,475,389$1,532,434$113,926$11,505,333
72$20,223,946$1,471,590$0$12,505,181
73$22,146,573$1,403,483$0$13,608,009
74$24,260,892$1,327,622$0$14,841,926
75$26,586,315$1,243,488$0$16,198,851
76$29,144,233$1,150,532$0$17,691,339
77$31,958,210$1,048,173$0$19,333,231
78$35,054,212$935,799$0$21,139,785
79$38,460,850$812,761$0$23,127,821
80$42,209,644$678,374$0$25,315,882
81$46,335,328$531,914$0$27,724,407
82$50,876,170$372,617$0$30,375,931
83$55,874,340$199,676$0$33,295,290
84$61,376,300$12,238$0$36,509,867
85$67,433,248$0$0$40,049,842
86$74,101,596$0$0$44,011,408
87$81,443,506$0$0$48,377,756
88$89,527,473$0$0$53,185,601
89$98,428,970$0$0$58,479,857
90$108,231,166$0$0$64,310,010
91$119,025,703$0$0$70,730,593
92$130,913,564$0$0$77,801,696
93$144,006,024$0$0$85,589,533
94$158,425,703$0$0$94,167,070
95$174,307,718$0$0$103,614,709
96$191,800,960$0$0$114,021,049
97$211,069,498$0$0$125,483,721
98$232,294,131$0$0$138,110,311
99$255,674,085$0$0$152,019,371
100$281,428,902$0$0$167,341,542