Can I retire at age 41 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$125,520$124,402$123,311$122,247$121,207$120,645
2 years$62,139$60,981$59,860$58,772$57,718$57,151
3 years$41,014$39,852$38,733$37,656$36,618$36,064
4 years$30,454$29,295$28,188$27,129$26,117$25,579
5 years$24,120$22,968$21,875$20,838$19,853$19,334
6 years$19,898$18,755$17,678$16,664$15,709$15,208
7 years$16,884$15,751$14,691$13,700$12,776$12,294
8 years$14,624$13,501$12,459$11,493$10,599$10,136
9 years$12,868$11,755$10,731$9,789$8,926$8,482
10 years$11,463$10,362$9,355$8,439$7,605$7,180
11 years$10,315$9,224$8,236$7,344$6,541$6,134
12 years$9,359$8,279$7,310$6,442$5,668$5,280
13 years$8,550$7,482$6,531$5,687$4,943$4,572
14 years$7,858$6,801$5,868$5,048$4,333$3,980
15 years$7,258$6,213$5,298$4,502$3,815$3,479
16 years$6,734$5,700$4,803$4,031$3,372$3,052
17 years$6,272$5,250$4,371$3,622$2,989$2,686
18 years$5,862$4,851$3,990$3,264$2,658$2,370
19 years$5,495$4,496$3,653$2,950$2,369$2,096
20 years$5,166$4,178$3,352$2,671$2,116$1,858
21 years$4,868$3,891$3,083$2,424$1,894$1,649
22 years$4,598$3,632$2,842$2,204$1,698$1,466
23 years$4,352$3,397$2,624$2,008$1,524$1,306
24 years$4,126$3,183$2,427$1,831$1,370$1,164
25 years$3,919$2,987$2,248$1,672$1,232$1,039
26 years$3,728$2,807$2,084$1,529$1,110$928
27 years$3,551$2,642$1,936$1,399$1,001$829
28 years$3,388$2,490$1,799$1,282$903$742
29 years$3,236$2,349$1,675$1,176$815$664
30 years$3,094$2,218$1,560$1,079$737$595
31 years$2,962$2,097$1,454$991$666$533
32 years$2,838$1,984$1,357$911$603$478
33 years$2,722$1,879$1,267$838$545$428
34 years$2,613$1,781$1,184$771$494$384
35 years$2,511$1,689$1,107$709$447$345
36 years$2,414$1,603$1,035$653$405$310
37 years$2,323$1,523$969$602$367$278
38 years$2,237$1,447$907$555$333$250
39 years$2,155$1,376$850$512$302$224
40 years$2,078$1,309$797$472$274$202
41 years$2,005$1,246$747$435$248$181
42 years$1,935$1,187$701$402$225$163
43 years$1,869$1,131$658$371$205$147
44 years$1,806$1,078$617$342$186$132
45 years$1,746$1,028$580$316$169$118
46 years$1,689$981$544$292$153$107
47 years$1,634$936$511$270$139$96
48 years$1,582$893$481$249$126$86
49 years$1,532$853$452$231$115$78
50 years$1,484$815$425$213$104$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,520,000, adding $4,012 every year, while hoping to spend $45,587 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: 50/45/5 Blend
40$1,520,000$1,520,000$1,520,000$1,520,000
41$1,679,178$1,598,618$1,575,058$1,760,937
42$1,801,950$1,628,446$1,579,319$1,846,819
43$1,935,717$1,658,208$1,582,194$1,934,836
44$2,081,552$1,687,852$1,583,589$2,029,374
45$2,240,637$1,717,323$1,583,406$2,131,054
46$2,414,271$1,746,562$1,581,539$2,240,557
47$2,603,886$1,775,503$1,577,880$2,358,637
48$2,811,058$1,804,078$1,572,315$2,486,123
49$3,037,522$1,832,213$1,564,722$2,623,931
50$3,285,186$1,859,828$1,554,977$2,773,068
51$3,556,153$1,886,838$1,542,948$2,934,646
52$3,852,740$1,913,152$1,528,495$3,109,890
53$4,177,494$1,938,672$1,511,475$3,300,153
54$4,533,225$1,963,293$1,491,736$3,506,924
55$4,923,024$1,986,904$1,469,119$3,731,845
56$5,350,295$2,009,386$1,443,457$3,976,729
57$5,818,789$2,030,610$1,414,577$4,243,572
58$6,332,637$2,050,441$1,382,297$4,534,577
59$6,896,388$2,068,735$1,346,426$4,852,173
60$7,515,053$2,085,336$1,306,765$5,199,038
61$8,194,151$2,100,080$1,263,104$5,578,125
62$8,939,764$2,112,793$1,215,227$5,992,690
63$9,758,587$2,123,288$1,162,905$6,446,325
64$10,658,001$2,131,366$1,105,899$6,942,988
65$11,646,131$2,136,817$1,043,962$7,487,046
66$12,731,933$2,139,418$976,831$8,083,315
67$13,925,270$2,138,929$904,235$8,737,102
68$15,237,010$2,135,100$825,889$9,454,262
69$16,679,126$2,127,660$741,497$10,241,251
70$18,264,807$2,116,326$650,748$11,105,185
71$20,008,587$2,100,795$553,317$12,053,914
72$21,926,477$2,080,748$448,867$13,096,091
73$24,036,117$2,055,844$337,044$14,241,258
74$26,356,945$2,025,724$217,478$15,499,936
75$28,910,375$1,990,007$89,786$16,883,725
76$31,720,003$1,948,287$0$18,405,415
77$34,811,827$1,900,137$0$20,081,587
78$38,214,494$1,845,104$0$21,930,582
79$41,959,566$1,782,708$0$23,964,770
80$46,081,822$1,712,441$0$26,203,075
81$50,619,583$1,633,766$0$28,666,357
82$55,615,075$1,546,114$0$31,377,615
83$61,114,824$1,448,885$0$34,362,201
84$67,170,098$1,341,442$0$37,648,065
85$73,837,389$1,223,114$0$41,266,015
86$81,178,946$1,093,190$0$45,250,016
87$89,263,361$950,919$0$49,637,508
88$98,166,218$795,508$0$54,469,762
89$107,970,803$626,119$0$59,792,275
90$118,768,892$441,866$0$65,655,197
91$130,661,616$241,815$0$72,113,809
92$143,760,414$24,977$0$79,229,050
93$158,188,086$0$0$87,068,089
94$174,079,950$0$0$95,808,801
95$191,585,119$0$0$105,450,708
96$210,867,910$0$0$116,071,976
97$232,109,390$0$0$127,772,370
98$255,509,089$0$0$140,661,827
99$281,286,880$0$0$154,861,494
100$309,685,056$0$0$170,504,870