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%13.8%
1 years$123,869$122,765$121,689$120,638$119,612$117,727
2 years$61,321$60,179$59,072$57,999$56,958$55,064
3 years$40,475$39,328$38,224$37,161$36,137$34,292
4 years$30,053$28,910$27,817$26,772$25,773$23,993
5 years$23,802$22,666$21,587$20,564$19,592$17,881
6 years$19,636$18,508$17,446$16,445$15,503$13,862
7 years$16,662$15,543$14,497$13,520$12,608$11,039
8 years$14,432$13,323$12,295$11,342$10,459$8,962
9 years$12,698$11,600$10,590$9,661$8,808$7,382
10 years$11,312$10,225$9,232$8,328$7,505$6,148
11 years$10,179$9,103$8,128$7,247$6,455$5,165
12 years$9,236$8,170$7,213$6,357$5,593$4,370
13 years$8,438$7,384$6,445$5,612$4,878$3,719
14 years$7,754$6,711$5,791$4,982$4,276$3,180
15 years$7,163$6,131$5,228$4,443$3,765$2,729
16 years$6,646$5,625$4,740$3,978$3,327$2,351
17 years$6,190$5,181$4,313$3,574$2,950$2,030
18 years$5,785$4,787$3,937$3,221$2,623$1,757
19 years$5,423$4,437$3,605$2,911$2,338$1,524
20 years$5,098$4,123$3,308$2,636$2,088$1,324
21 years$4,804$3,840$3,043$2,393$1,869$1,152
22 years$4,537$3,585$2,804$2,175$1,675$1,004
23 years$4,294$3,353$2,589$1,981$1,504$876
24 years$4,072$3,141$2,395$1,807$1,352$764
25 years$3,867$2,948$2,218$1,650$1,216$668
26 years$3,679$2,770$2,057$1,509$1,096$584
27 years$3,505$2,607$1,910$1,381$988$511
28 years$3,343$2,457$1,776$1,265$891$447
29 years$3,193$2,318$1,652$1,160$805$392
30 years$3,053$2,189$1,539$1,065$727$343
31 years$2,923$2,069$1,435$978$657$301
32 years$2,801$1,958$1,339$899$595$264
33 years$2,686$1,854$1,250$827$538$231
34 years$2,579$1,757$1,168$761$487$203
35 years$2,478$1,667$1,092$700$441$178
36 years$2,382$1,582$1,022$645$400$156
37 years$2,292$1,503$956$594$362$137
38 years$2,207$1,428$895$548$329$120
39 years$2,127$1,358$839$505$298$106
40 years$2,051$1,292$786$466$270$93
41 years$1,978$1,230$737$430$245$81
42 years$1,910$1,171$692$397$222$72
43 years$1,844$1,116$649$366$202$63
44 years$1,782$1,064$609$338$183$55
45 years$1,723$1,014$572$312$166$48
46 years$1,666$968$537$288$151$43
47 years$1,613$923$505$266$137$37
48 years$1,561$882$474$246$125$33
49 years$1,512$842$446$227$113$29
50 years$1,465$804$419$210$103$25

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 $4,776 every year, while hoping to spend $48,449 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: 59/23/18 Blend
40$1,500,000$1,500,000$1,500,000$1,500,000
41$1,657,926$1,578,426$1,555,176$1,747,705
42$1,775,486$1,604,220$1,555,725$1,834,841
43$1,903,412$1,629,654$1,554,669$1,924,082
44$2,042,712$1,654,658$1,551,902$2,020,300
45$2,194,493$1,679,161$1,547,315$2,124,177
46$2,359,973$1,703,082$1,540,792$2,236,465
47$2,540,494$1,726,337$1,532,213$2,357,993
48$2,737,532$1,748,835$1,521,449$2,489,676
49$2,952,712$1,770,479$1,508,370$2,632,522
50$3,187,822$1,791,167$1,492,834$2,787,644
51$3,444,833$1,810,787$1,474,697$2,956,268
52$3,725,913$1,829,222$1,453,806$3,139,748
53$4,033,448$1,846,346$1,430,001$3,339,576
54$4,370,068$1,862,025$1,403,114$3,557,398
55$4,738,667$1,876,117$1,372,970$3,795,028
56$5,142,433$1,888,469$1,339,387$4,054,470
57$5,584,877$1,898,919$1,302,172$4,337,930
58$6,069,864$1,907,296$1,261,124$4,647,845
59$6,601,653$1,913,416$1,216,035$4,986,898
60$7,184,933$1,917,085$1,166,683$5,358,053
61$7,824,870$1,918,095$1,112,841$5,764,574
62$8,527,153$1,916,229$1,054,267$6,210,065
63$9,298,050$1,911,251$990,713$6,698,496
64$10,144,463$1,902,915$921,914$7,234,249
65$11,073,999$1,890,958$847,598$7,822,153
66$12,095,033$1,875,101$767,479$8,467,536
67$13,216,794$1,855,049$681,258$9,176,270
68$14,449,449$1,830,488$588,622$9,954,832
69$15,804,198$1,801,088$489,246$10,810,364
70$17,293,380$1,766,495$382,789$11,750,741
71$18,930,589$1,726,337$268,897$12,784,645
72$20,730,802$1,680,220$147,198$13,921,650
73$22,710,519$1,627,726$17,304$15,172,312
74$24,887,920$1,568,413$0$16,548,270
75$27,283,036$1,501,813$0$18,085,655
76$29,917,934$1,427,431$0$19,780,376
77$32,816,931$1,344,742$0$21,644,790
78$36,006,818$1,253,195$0$23,696,181
79$39,517,114$1,152,202$0$25,953,600
80$43,380,345$1,041,144$0$28,438,046
81$47,632,348$919,368$0$31,172,659
82$52,312,612$786,183$0$34,182,949
83$57,464,650$640,856$0$37,497,029
84$63,136,403$482,618$0$41,145,883
85$69,380,702$310,652$0$45,163,662
86$76,255,758$124,098$0$49,588,007
87$83,825,714$0$0$54,460,402
88$92,161,248$0$0$59,846,298
89$101,340,245$0$0$65,811,932
90$111,448,523$0$0$72,381,693
91$122,580,651$0$0$79,617,062
92$134,840,833$0$0$87,585,791
93$148,343,898$0$0$96,362,536
94$163,216,379$0$0$106,029,563
95$179,597,707$0$0$116,677,525
96$197,641,528$0$0$128,406,317
97$217,517,151$0$0$141,326,018
98$239,411,148$0$0$155,557,930
99$263,529,112$0$0$171,235,721
100$290,097,595$0$0$188,506,690