Can I retire at age 41 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$127,172$126,039$124,934$123,855$122,802$120,569
2 years$62,956$61,784$60,647$59,546$58,477$56,236
3 years$41,554$40,376$39,243$38,152$37,100$34,920
4 years$30,855$29,681$28,559$27,486$26,460$24,358
5 years$24,437$23,270$22,163$21,112$20,115$18,096
6 years$20,160$19,002$17,911$16,883$15,916$13,984
7 years$17,106$15,958$14,884$13,881$12,944$11,098
8 years$14,817$13,679$12,623$11,644$10,738$8,979
9 years$13,037$11,910$10,872$9,918$9,043$7,369
10 years$11,614$10,498$9,478$8,550$7,705$6,115
11 years$10,451$9,346$8,345$7,441$6,627$5,118
12 years$9,482$8,388$7,406$6,527$5,743$4,314
13 years$8,663$7,580$6,617$5,762$5,008$3,656
14 years$7,961$6,890$5,945$5,115$4,390$3,114
15 years$7,354$6,295$5,368$4,562$3,865$2,662
16 years$6,823$5,775$4,866$4,084$3,416$2,283
17 years$6,355$5,319$4,428$3,670$3,029$1,963
18 years$5,939$4,915$4,042$3,307$2,693$1,692
19 years$5,568$4,555$3,701$2,988$2,400$1,461
20 years$5,234$4,233$3,396$2,707$2,144$1,264
21 years$4,932$3,943$3,124$2,456$1,919$1,094
22 years$4,658$3,680$2,879$2,233$1,720$949
23 years$4,409$3,442$2,658$2,034$1,544$824
24 years$4,180$3,225$2,459$1,855$1,388$716
25 years$3,970$3,026$2,277$1,694$1,249$623
26 years$3,777$2,844$2,112$1,549$1,125$542
27 years$3,598$2,677$1,961$1,418$1,014$472
28 years$3,432$2,522$1,823$1,299$915$411
29 years$3,278$2,380$1,697$1,191$826$358
30 years$3,135$2,247$1,580$1,093$747$312
31 years$3,001$2,124$1,473$1,004$675$272
32 years$2,875$2,010$1,375$923$611$238
33 years$2,758$1,904$1,283$849$553$207
34 years$2,648$1,804$1,199$781$500$181
35 years$2,544$1,711$1,121$719$453$158
36 years$2,446$1,624$1,049$662$411$138
37 years$2,354$1,543$982$610$372$120
38 years$2,266$1,466$919$562$337$105
39 years$2,184$1,394$861$518$306$92
40 years$2,105$1,326$807$478$277$80
41 years$2,031$1,263$757$441$252$70
42 years$1,961$1,202$710$407$228$61
43 years$1,894$1,146$666$376$207$54
44 years$1,830$1,092$625$347$188$47
45 years$1,769$1,041$587$320$171$41
46 years$1,711$993$552$296$155$36
47 years$1,656$948$518$273$141$31
48 years$1,603$905$487$253$128$27
49 years$1,552$864$458$234$116$24
50 years$1,504$826$430$216$106$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,540,000, adding $3,720 every year, while hoping to spend $47,548 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: 63/19/18 Blend
40$1,540,000$1,540,000$1,540,000$1,540,000
41$1,700,917$1,619,297$1,595,427$1,800,113
42$1,823,820$1,648,052$1,598,283$1,896,034
43$1,957,665$1,676,622$1,599,641$1,995,032
44$2,103,519$1,704,949$1,599,401$2,102,024
45$2,262,554$1,732,967$1,597,458$2,217,793
46$2,436,062$1,760,610$1,593,700$2,343,203
47$2,625,464$1,787,803$1,588,012$2,479,202
48$2,832,323$1,814,468$1,580,273$2,626,839
49$3,058,363$1,840,520$1,570,354$2,787,270
50$3,305,479$1,865,868$1,558,124$2,961,767
51$3,575,758$1,890,416$1,543,442$3,151,735
52$3,871,499$1,914,060$1,526,161$3,358,721
53$4,195,233$1,936,689$1,506,128$3,584,433
54$4,549,745$1,958,186$1,483,182$3,830,751
55$4,938,106$1,978,424$1,457,155$4,099,751
56$5,363,695$1,997,269$1,427,872$4,393,718
57$5,830,234$2,014,577$1,395,148$4,715,175
58$6,341,822$2,030,196$1,358,790$5,066,902
59$6,902,975$2,043,962$1,318,596$5,451,963
60$7,518,665$2,055,703$1,274,356$5,873,737
61$8,194,371$2,065,234$1,225,848$6,335,950
62$8,936,126$2,072,360$1,172,843$6,842,709
63$9,750,576$2,076,871$1,115,099$7,398,542
64$10,645,045$2,078,547$1,052,365$8,008,443
65$11,627,596$2,077,153$984,375$8,677,913
66$12,707,115$2,072,437$910,856$9,413,022
67$13,893,390$2,064,136$831,519$10,220,459
68$15,197,205$2,051,968$746,065$11,107,599
69$16,630,440$2,035,635$654,178$12,082,572
70$18,206,183$2,014,819$555,531$13,154,340
71$19,938,854$1,989,186$449,782$14,332,786
72$21,844,341$1,958,380$336,573$15,628,800
73$23,940,146$1,922,023$215,531$17,054,392
74$26,245,556$1,879,716$86,266$18,622,798
75$28,781,818$1,831,038$0$20,348,611
76$31,572,344$1,775,539$0$22,257,843
77$34,642,929$1,712,747$0$24,376,625
78$38,021,996$1,642,159$0$26,708,005
79$41,740,860$1,563,246$0$29,273,617
80$45,834,028$1,475,445$0$32,097,306
81$50,339,520$1,378,163$0$35,205,349
82$55,299,231$1,270,773$0$38,626,705
83$60,759,322$1,152,611$0$42,393,291
84$66,770,659$1,022,975$0$46,540,279
85$73,389,290$881,124$0$51,106,433
86$80,676,974$726,276$0$56,134,474
87$88,701,764$557,602$0$61,671,483
88$97,538,648$374,229$0$67,769,345
89$107,270,258$175,233$0$74,485,244
90$117,987,646$0$0$81,882,200
91$129,791,146$0$0$90,038,101
92$142,791,318$0$0$99,061,374
93$157,109,995$0$0$108,999,962
94$172,881,427$0$0$119,947,066
95$190,253,550$0$0$132,005,393
96$209,389,384$0$0$145,288,115
97$230,468,567$0$0$159,919,948
98$253,689,053$0$0$176,038,320
99$279,268,978$0$0$193,794,672
100$307,448,720$0$0$213,355,886