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%11.6%
1 years$125,520$124,402$123,311$122,247$121,207$120,393
2 years$62,139$60,981$59,860$58,772$57,718$56,896
3 years$41,014$39,852$38,733$37,656$36,618$35,816
4 years$30,454$29,295$28,188$27,129$26,117$25,338
5 years$24,120$22,968$21,875$20,838$19,853$19,102
6 years$19,898$18,755$17,678$16,664$15,709$14,986
7 years$16,884$15,751$14,691$13,700$12,776$12,081
8 years$14,624$13,501$12,459$11,493$10,599$9,932
9 years$12,868$11,755$10,731$9,789$8,926$8,287
10 years$11,463$10,362$9,355$8,439$7,605$6,994
11 years$10,315$9,224$8,236$7,344$6,541$5,957
12 years$9,359$8,279$7,310$6,442$5,668$5,111
13 years$8,550$7,482$6,531$5,687$4,943$4,412
14 years$7,858$6,801$5,868$5,048$4,333$3,828
15 years$7,258$6,213$5,298$4,502$3,815$3,335
16 years$6,734$5,700$4,803$4,031$3,372$2,916
17 years$6,272$5,250$4,371$3,622$2,989$2,557
18 years$5,862$4,851$3,990$3,264$2,658$2,249
19 years$5,495$4,496$3,653$2,950$2,369$1,982
20 years$5,166$4,178$3,352$2,671$2,116$1,750
21 years$4,868$3,891$3,083$2,424$1,894$1,548
22 years$4,598$3,632$2,842$2,204$1,698$1,371
23 years$4,352$3,397$2,624$2,008$1,524$1,216
24 years$4,126$3,183$2,427$1,831$1,370$1,080
25 years$3,919$2,987$2,248$1,672$1,232$960
26 years$3,728$2,807$2,084$1,529$1,110$854
27 years$3,551$2,642$1,936$1,399$1,001$761
28 years$3,388$2,490$1,799$1,282$903$678
29 years$3,236$2,349$1,675$1,176$815$604
30 years$3,094$2,218$1,560$1,079$737$539
31 years$2,962$2,097$1,454$991$666$481
32 years$2,838$1,984$1,357$911$603$429
33 years$2,722$1,879$1,267$838$545$384
34 years$2,613$1,781$1,184$771$494$343
35 years$2,511$1,689$1,107$709$447$306
36 years$2,414$1,603$1,035$653$405$274
37 years$2,323$1,523$969$602$367$245
38 years$2,237$1,447$907$555$333$219
39 years$2,155$1,376$850$512$302$196
40 years$2,078$1,309$797$472$274$175
41 years$2,005$1,246$747$435$248$157
42 years$1,935$1,187$701$402$225$140
43 years$1,869$1,131$658$371$205$126
44 years$1,806$1,078$617$342$186$113
45 years$1,746$1,028$580$316$169$101
46 years$1,689$981$544$292$153$90
47 years$1,634$936$511$270$139$81
48 years$1,582$893$481$249$126$72
49 years$1,532$853$452$231$115$65
50 years$1,484$815$425$213$104$58

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 $3,220 every year, while hoping to spend $24,739 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: 50/32/18 Blend
40$1,520,000$1,520,000$1,520,000$1,520,000
41$1,678,361$1,597,801$1,574,241$1,753,742
42$1,823,232$1,649,772$1,600,656$1,858,080
43$1,982,051$1,703,459$1,627,127$1,968,596
44$2,156,213$1,758,922$1,653,629$2,088,170
45$2,347,258$1,816,221$1,680,137$2,217,665
46$2,556,880$1,875,417$1,706,623$2,358,030
47$2,786,944$1,936,575$1,733,058$2,510,311
48$3,039,507$1,999,761$1,759,409$2,675,657
49$3,316,832$2,065,045$1,785,645$2,855,331
50$3,621,415$2,132,498$1,811,730$3,050,725
51$3,956,002$2,202,193$1,837,626$3,263,373
52$4,323,621$2,274,207$1,863,293$3,494,959
53$4,727,606$2,348,620$1,888,689$3,747,341
54$5,171,632$2,425,512$1,913,770$4,022,561
55$5,659,745$2,504,969$1,938,488$4,322,869
56$6,196,405$2,587,078$1,962,794$4,650,743
57$6,786,525$2,671,931$1,986,633$5,008,910
58$7,435,516$2,759,621$2,009,951$5,400,374
59$8,149,342$2,850,247$2,032,689$5,828,442
60$8,934,574$2,943,908$2,054,783$6,296,757
61$9,798,451$3,040,709$2,076,168$6,809,331
62$10,748,948$3,140,760$2,096,775$7,370,583
63$11,794,855$3,244,170$2,116,530$7,985,377
64$12,945,853$3,351,058$2,135,357$8,659,075
65$14,212,613$3,461,543$2,153,175$9,397,581
66$15,606,890$3,575,749$2,169,897$10,207,399
67$17,141,638$3,693,806$2,185,434$11,095,692
68$18,831,131$3,815,848$2,199,691$12,070,352
69$20,691,094$3,942,012$2,212,568$13,140,073
70$22,738,858$4,072,443$2,223,962$14,314,433
71$24,993,518$4,207,289$2,233,761$15,603,982
72$27,476,115$4,346,704$2,241,850$17,020,345
73$30,209,834$4,490,849$2,248,108$18,576,328
74$33,220,225$4,639,888$2,252,407$20,286,040
75$36,535,438$4,793,993$2,254,613$22,165,025
76$40,186,496$4,953,341$2,254,586$24,230,411
77$44,207,581$5,118,118$2,252,177$26,501,066
78$48,636,363$5,288,514$2,247,233$28,997,782
79$53,514,347$5,464,727$2,239,591$31,743,465
80$58,887,274$5,646,962$2,229,081$34,763,355
81$64,805,545$5,835,432$2,215,524$38,085,262
82$71,324,701$6,030,358$2,198,734$41,739,828
83$78,505,943$6,231,969$2,178,515$45,760,817
84$86,416,715$6,440,501$2,154,661$50,185,430
85$95,131,336$6,656,201$2,126,958$55,054,660
86$104,731,701$6,879,324$2,095,180$60,413,677
87$115,308,058$7,110,135$2,059,092$66,312,251
88$126,959,857$7,348,907$2,018,448$72,805,225
89$139,796,685$7,595,927$1,972,989$79,953,031
90$153,939,308$7,851,488$1,922,445$87,822,259
91$169,520,804$8,115,898$1,866,534$96,486,287
92$186,687,823$8,389,474$1,804,960$106,025,969
93$205,601,969$8,672,546$1,737,414$116,530,404
94$226,441,325$8,965,456$1,663,572$128,097,770
95$249,402,136$9,268,560$1,583,098$140,836,254
96$274,700,659$9,582,225$1,495,637$154,865,073
97$302,575,207$9,906,834$1,400,821$170,315,597
98$333,288,393$10,242,783$1,298,264$187,332,587
99$367,129,615$10,590,486$1,187,562$206,075,566
100$404,417,785$10,950,369$1,068,294$226,720,319