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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$125,520$124,402$123,311$122,247$121,207$116,490
2 years$62,139$60,981$59,860$58,772$57,718$53,022
3 years$41,014$39,852$38,733$37,656$36,618$32,093
4 years$30,454$29,295$28,188$27,129$26,117$21,795
5 years$24,120$22,968$21,875$20,838$19,853$15,747
6 years$19,898$18,755$17,678$16,664$15,709$11,820
7 years$16,884$15,751$14,691$13,700$12,776$9,103
8 years$14,624$13,501$12,459$11,493$10,599$7,139
9 years$12,868$11,755$10,731$9,789$8,926$5,674
10 years$11,463$10,362$9,355$8,439$7,605$4,554
11 years$10,315$9,224$8,236$7,344$6,541$3,685
12 years$9,359$8,279$7,310$6,442$5,668$2,999
13 years$8,550$7,482$6,531$5,687$4,943$2,453
14 years$7,858$6,801$5,868$5,048$4,333$2,014
15 years$7,258$6,213$5,298$4,502$3,815$1,658
16 years$6,734$5,700$4,803$4,031$3,372$1,369
17 years$6,272$5,250$4,371$3,622$2,989$1,133
18 years$5,862$4,851$3,990$3,264$2,658$939
19 years$5,495$4,496$3,653$2,950$2,369$779
20 years$5,166$4,178$3,352$2,671$2,116$647
21 years$4,868$3,891$3,083$2,424$1,894$538
22 years$4,598$3,632$2,842$2,204$1,698$448
23 years$4,352$3,397$2,624$2,008$1,524$373
24 years$4,126$3,183$2,427$1,831$1,370$311
25 years$3,919$2,987$2,248$1,672$1,232$259
26 years$3,728$2,807$2,084$1,529$1,110$216
27 years$3,551$2,642$1,936$1,399$1,001$180
28 years$3,388$2,490$1,799$1,282$903$150
29 years$3,236$2,349$1,675$1,176$815$125
30 years$3,094$2,218$1,560$1,079$737$105
31 years$2,962$2,097$1,454$991$666$87
32 years$2,838$1,984$1,357$911$603$73
33 years$2,722$1,879$1,267$838$545$61
34 years$2,613$1,781$1,184$771$494$51
35 years$2,511$1,689$1,107$709$447$42
36 years$2,414$1,603$1,035$653$405$35
37 years$2,323$1,523$969$602$367$30
38 years$2,237$1,447$907$555$333$25
39 years$2,155$1,376$850$512$302$21
40 years$2,078$1,309$797$472$274$17
41 years$2,005$1,246$747$435$248$14
42 years$1,935$1,187$701$402$225$12
43 years$1,869$1,131$658$371$205$10
44 years$1,806$1,078$617$342$186$8
45 years$1,746$1,028$580$316$169$7
46 years$1,689$981$544$292$153$6
47 years$1,634$936$511$270$139$5
48 years$1,582$893$481$249$126$4
49 years$1,532$853$452$231$115$3
50 years$1,484$815$425$213$104$3

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 $6,375 every year, while hoping to spend $45,660 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: 69/5/26 Blend
40$1,520,000$1,520,000$1,520,000$1,520,000
41$1,681,616$1,601,056$1,577,496$1,785,995
42$1,804,559$1,630,926$1,581,760$1,886,689
43$1,938,512$1,660,729$1,584,637$1,991,005
44$2,084,549$1,690,414$1,586,031$2,104,109
45$2,243,854$1,719,925$1,585,844$2,226,872
46$2,417,728$1,749,203$1,583,972$2,360,252
47$2,607,606$1,778,183$1,580,304$2,505,306
48$2,815,064$1,806,796$1,574,726$2,663,201
49$3,041,839$1,834,967$1,567,118$2,835,219
50$3,289,843$1,862,618$1,557,353$3,022,779
51$3,561,183$1,889,662$1,545,301$3,227,440
52$3,858,177$1,916,009$1,530,821$3,450,924
53$4,183,377$1,941,559$1,513,770$3,695,128
54$4,539,595$1,966,209$1,493,995$3,962,144
55$4,929,927$1,989,847$1,471,337$4,254,277
56$5,357,783$2,012,352$1,445,630$4,574,069
57$5,826,918$2,033,598$1,416,699$4,924,323
58$6,341,467$2,053,448$1,384,362$5,308,127
59$6,905,987$2,071,757$1,348,429$5,728,886
60$7,525,495$2,088,371$1,308,699$6,190,354
61$8,205,519$2,103,124$1,264,963$6,696,670
62$8,952,146$2,115,842$1,217,004$7,252,396
63$9,772,084$2,126,337$1,164,592$7,862,559
64$10,672,720$2,134,411$1,107,490$8,532,703
65$11,662,193$2,139,853$1,045,446$9,268,940
66$12,749,470$2,142,439$978,202$10,078,004
67$13,944,427$2,141,930$905,483$10,967,321
68$15,257,947$2,138,073$827,005$11,945,077
69$16,702,019$2,130,599$742,471$13,020,292
70$18,289,850$2,119,224$651,569$14,202,913
71$20,035,994$2,103,645$553,975$15,503,901
72$21,956,482$2,083,540$449,350$16,935,341
73$24,068,979$2,058,570$337,340$18,510,550
74$26,392,949$2,028,374$217,575$20,244,211
75$28,949,836$1,992,570$89,669$22,152,505
76$31,763,266$1,950,753$0$24,253,270
77$34,859,273$1,902,494$0$26,579,156
78$38,266,542$1,847,339$0$29,166,234
79$42,016,678$1,784,808$0$32,013,608
80$46,144,507$1,714,392$0$35,147,731
81$50,688,402$1,635,552$0$38,597,752
82$55,690,644$1,547,719$0$42,395,790
83$61,197,824$1,450,292$0$46,577,239
84$67,261,279$1,342,632$0$51,181,100
85$73,937,576$1,224,068$0$56,250,351
86$81,289,048$1,093,886$0$61,832,348
87$89,384,380$951,336$0$67,979,279
88$98,299,257$795,622$0$74,748,650
89$108,117,079$625,905$0$82,203,830
90$118,929,744$441,297$0$90,414,651
91$130,838,519$240,863$0$99,458,064
92$143,954,995$23,612$0$109,418,866
93$158,402,137$0$0$120,390,501
94$174,315,444$0$0$132,487,579
95$191,844,232$0$0$145,814,280
96$211,153,037$0$0$160,494,412
97$232,423,173$0$0$176,665,840
98$255,854,437$0$0$194,480,485
99$281,666,999$0$0$214,105,759
100$310,103,477$0$0$235,726,140