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%15.6%
1 years$125,520$124,402$123,311$122,247$121,207$118,421
2 years$62,139$60,981$59,860$58,772$57,718$54,926
3 years$41,014$39,852$38,733$37,656$36,618$33,909
4 years$30,454$29,295$28,188$27,129$26,117$23,510
5 years$24,120$22,968$21,875$20,838$19,853$17,356
6 years$19,898$18,755$17,678$16,664$15,709$13,325
7 years$16,884$15,751$14,691$13,700$12,776$10,504
8 years$14,624$13,501$12,459$11,493$10,599$8,439
9 years$12,868$11,755$10,731$9,789$8,926$6,876
10 years$11,463$10,362$9,355$8,439$7,605$5,664
11 years$10,315$9,224$8,236$7,344$6,541$4,705
12 years$9,359$8,279$7,310$6,442$5,668$3,935
13 years$8,550$7,482$6,531$5,687$4,943$3,309
14 years$7,858$6,801$5,868$5,048$4,333$2,795
15 years$7,258$6,213$5,298$4,502$3,815$2,369
16 years$6,734$5,700$4,803$4,031$3,372$2,015
17 years$6,272$5,250$4,371$3,622$2,989$1,717
18 years$5,862$4,851$3,990$3,264$2,658$1,467
19 years$5,495$4,496$3,653$2,950$2,369$1,256
20 years$5,166$4,178$3,352$2,671$2,116$1,076
21 years$4,868$3,891$3,083$2,424$1,894$924
22 years$4,598$3,632$2,842$2,204$1,698$794
23 years$4,352$3,397$2,624$2,008$1,524$683
24 years$4,126$3,183$2,427$1,831$1,370$588
25 years$3,919$2,987$2,248$1,672$1,232$506
26 years$3,728$2,807$2,084$1,529$1,110$436
27 years$3,551$2,642$1,936$1,399$1,001$376
28 years$3,388$2,490$1,799$1,282$903$325
29 years$3,236$2,349$1,675$1,176$815$280
30 years$3,094$2,218$1,560$1,079$737$242
31 years$2,962$2,097$1,454$991$666$209
32 years$2,838$1,984$1,357$911$603$180
33 years$2,722$1,879$1,267$838$545$156
34 years$2,613$1,781$1,184$771$494$135
35 years$2,511$1,689$1,107$709$447$116
36 years$2,414$1,603$1,035$653$405$101
37 years$2,323$1,523$969$602$367$87
38 years$2,237$1,447$907$555$333$75
39 years$2,155$1,376$850$512$302$65
40 years$2,078$1,309$797$472$274$56
41 years$2,005$1,246$747$435$248$49
42 years$1,935$1,187$701$402$225$42
43 years$1,869$1,131$658$371$205$36
44 years$1,806$1,078$617$342$186$31
45 years$1,746$1,028$580$316$169$27
46 years$1,689$981$544$292$153$23
47 years$1,634$936$511$270$139$20
48 years$1,582$893$481$249$126$18
49 years$1,532$853$452$231$115$15
50 years$1,484$815$425$213$104$13

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 $2,485 every year, while hoping to spend $52,176 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: 76/13/11 Blend
40$1,520,000$1,520,000$1,520,000$1,520,000
41$1,677,603$1,597,043$1,573,483$1,801,472
42$1,793,204$1,619,784$1,570,680$1,906,159
43$1,918,847$1,641,889$1,566,034$2,014,027
44$2,055,502$1,663,275$1,559,429$2,130,801
45$2,204,235$1,683,847$1,550,742$2,257,349
46$2,366,220$1,703,508$1,539,845$2,394,625
47$2,542,748$1,722,153$1,526,602$2,543,681
48$2,735,239$1,739,670$1,510,875$2,705,676
49$2,945,258$1,755,938$1,492,514$2,881,887
50$3,174,526$1,770,831$1,471,365$3,073,720
51$3,424,939$1,784,213$1,447,266$3,282,727
52$3,698,582$1,795,938$1,420,049$3,510,616
53$3,997,751$1,805,853$1,389,535$3,759,269
54$4,324,977$1,813,795$1,355,539$4,030,760
55$4,683,042$1,819,589$1,317,867$4,327,376
56$5,075,013$1,823,049$1,276,316$4,651,637
57$5,504,265$1,823,979$1,230,673$5,006,319
58$5,974,516$1,822,171$1,180,717$5,394,481
59$6,489,861$1,817,401$1,126,216$5,819,498
60$7,054,808$1,809,435$1,066,925$6,285,085
61$7,674,324$1,798,022$1,002,592$6,795,340
62$8,353,877$1,782,898$932,952$7,354,776
63$9,099,494$1,763,782$857,727$7,968,371
64$9,917,810$1,740,374$776,628$8,641,608
65$10,816,134$1,712,360$689,352$9,380,533
66$11,802,518$1,679,404$595,584$10,191,808
67$12,885,832$1,641,152$494,994$11,082,776
68$14,075,848$1,597,229$387,237$12,061,530
69$15,383,328$1,547,237$271,953$13,136,991
70$16,820,131$1,490,756$148,767$14,318,989
71$18,399,321$1,427,339$17,287$15,618,361
72$20,135,289$1,356,516$0$17,047,051
73$22,043,893$1,277,789$0$18,632,662
74$24,142,600$1,190,631$0$20,378,366
75$26,450,657$1,094,484$0$22,298,175
76$28,989,270$988,760$0$24,409,770
77$31,781,802$872,835$0$26,732,631
78$34,853,994$746,053$0$29,288,229
79$38,234,209$607,717$0$32,100,223
80$41,953,697$457,094$0$35,194,684
81$46,046,890$293,407$0$38,600,345
82$50,551,727$115,838$0$42,348,868
83$55,510,011$0$0$46,475,146
84$60,967,804$0$0$51,028,572
85$66,975,857$0$0$56,059,392
86$73,590,097$0$0$61,597,872
87$80,872,144$0$0$67,695,620
88$88,889,900$0$0$74,409,503
89$97,718,183$0$0$81,802,184
90$107,439,440$0$0$89,942,710
91$118,144,515$0$0$98,907,165
92$129,933,515$0$0$108,779,390
93$142,916,748$0$0$119,651,768
94$157,215,767$0$0$131,626,100
95$172,964,513$0$0$144,814,564
96$190,310,582$0$0$159,340,774
97$209,416,617$0$0$175,340,944
98$230,461,839$0$0$192,965,174
99$253,643,743$0$0$212,378,868
100$279,179,957$0$0$233,764,294