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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$127,172$126,039$124,934$123,855$122,802$118,681
2 years$62,956$61,784$60,647$59,546$58,477$54,366
3 years$41,554$40,376$39,243$38,152$37,100$33,128
4 years$30,855$29,681$28,559$27,486$26,460$22,657
5 years$24,437$23,270$22,163$21,112$20,115$16,491
6 years$20,160$19,002$17,911$16,883$15,916$12,475
7 years$17,106$15,958$14,884$13,881$12,944$9,685
8 years$14,817$13,679$12,623$11,644$10,738$7,658
9 years$13,037$11,910$10,872$9,918$9,043$6,139
10 years$11,614$10,498$9,478$8,550$7,705$4,972
11 years$10,451$9,346$8,345$7,441$6,627$4,059
12 years$9,482$8,388$7,406$6,527$5,743$3,335
13 years$8,663$7,580$6,617$5,762$5,008$2,753
14 years$7,961$6,890$5,945$5,115$4,390$2,283
15 years$7,354$6,295$5,368$4,562$3,865$1,899
16 years$6,823$5,775$4,866$4,084$3,416$1,584
17 years$6,355$5,319$4,428$3,670$3,029$1,324
18 years$5,939$4,915$4,042$3,307$2,693$1,108
19 years$5,568$4,555$3,701$2,988$2,400$930
20 years$5,234$4,233$3,396$2,707$2,144$781
21 years$4,932$3,943$3,124$2,456$1,919$656
22 years$4,658$3,680$2,879$2,233$1,720$552
23 years$4,409$3,442$2,658$2,034$1,544$465
24 years$4,180$3,225$2,459$1,855$1,388$392
25 years$3,970$3,026$2,277$1,694$1,249$330
26 years$3,777$2,844$2,112$1,549$1,125$278
27 years$3,598$2,677$1,961$1,418$1,014$235
28 years$3,432$2,522$1,823$1,299$915$198
29 years$3,278$2,380$1,697$1,191$826$167
30 years$3,135$2,247$1,580$1,093$747$141
31 years$3,001$2,124$1,473$1,004$675$119
32 years$2,875$2,010$1,375$923$611$101
33 years$2,758$1,904$1,283$849$553$85
34 years$2,648$1,804$1,199$781$500$72
35 years$2,544$1,711$1,121$719$453$61
36 years$2,446$1,624$1,049$662$411$51
37 years$2,354$1,543$982$610$372$43
38 years$2,266$1,466$919$562$337$37
39 years$2,184$1,394$861$518$306$31
40 years$2,105$1,326$807$478$277$26
41 years$2,031$1,263$757$441$252$22
42 years$1,961$1,202$710$407$228$19
43 years$1,894$1,146$666$376$207$16
44 years$1,830$1,092$625$347$188$13
45 years$1,769$1,041$587$320$171$11
46 years$1,711$993$552$296$155$10
47 years$1,656$948$518$273$141$8
48 years$1,603$905$487$253$128$7
49 years$1,552$864$458$234$116$6
50 years$1,504$826$430$216$106$5

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 $4,692 every year, while hoping to spend $47,223 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: 61/20/19 Blend
40$1,540,000$1,540,000$1,540,000$1,540,000
41$1,701,920$1,620,300$1,596,430$1,797,107
42$1,825,271$1,649,450$1,599,665$1,891,095
43$1,959,621$1,678,445$1,601,426$1,987,961
44$2,106,042$1,707,229$1,601,614$2,092,591
45$2,265,714$1,735,739$1,600,124$2,205,747
46$2,439,935$1,763,909$1,596,847$2,328,265
47$2,630,136$1,791,667$1,591,668$2,461,069
48$2,837,889$1,818,938$1,584,468$2,605,177
49$3,064,926$1,845,638$1,575,120$2,761,711
50$3,313,154$1,871,680$1,563,492$2,931,910
51$3,584,673$1,896,970$1,549,447$3,117,137
52$3,881,795$1,921,407$1,532,839$3,318,898
53$4,207,065$1,944,883$1,513,516$3,538,851
54$4,563,287$1,967,283$1,491,319$3,778,826
55$4,953,546$1,988,484$1,466,083$4,040,838
56$5,381,244$2,008,356$1,437,633$4,327,113
57$5,850,123$2,026,757$1,405,786$4,640,102
58$6,364,308$2,043,541$1,370,352$4,982,508
59$6,928,340$2,058,547$1,331,131$5,357,312
60$7,547,222$2,071,607$1,287,915$5,767,801
61$8,226,464$2,082,541$1,240,486$6,217,598
62$8,972,135$2,091,158$1,188,614$6,710,699
63$9,790,922$2,097,253$1,132,062$7,251,509
64$10,690,190$2,100,612$1,070,579$7,844,884
65$11,678,051$2,101,004$1,003,906$8,496,180
66$12,763,444$2,098,186$931,769$9,211,299
67$13,956,216$2,091,897$853,884$9,996,752
68$15,267,214$2,081,864$769,952$10,859,715
69$16,708,389$2,067,794$679,665$11,808,098
70$18,292,907$2,049,379$582,696$12,850,624
71$20,035,274$2,026,289$478,707$13,996,910
72$21,951,472$1,998,177$367,344$15,257,556
73$24,059,110$1,964,675$248,237$16,644,249
74$26,377,586$1,925,391$121,000$18,169,874
75$28,928,278$1,879,913$0$19,848,633
76$31,734,735$1,827,802$0$21,699,181
77$34,822,908$1,768,595$0$23,762,155
78$38,221,389$1,701,800$0$26,032,115
79$41,961,680$1,626,898$0$28,530,129
80$46,078,496$1,543,339$0$31,279,416
81$50,610,083$1,450,544$0$34,305,564
82$55,598,587$1,347,896$0$37,636,774
83$61,090,445$1,234,746$0$41,304,127
84$67,136,829$1,110,407$0$45,341,875
85$73,794,122$974,152$0$49,787,767
86$81,124,452$825,216$0$54,683,406
87$89,196,281$662,786$0$60,074,643
88$98,085,046$486,007$0$66,012,006
89$107,873,874$293,975$0$72,551,186
90$118,654,363$85,733$0$79,753,555
91$130,527,448$0$0$87,686,752
92$143,604,354$0$0$96,456,070
93$158,007,643$0$0$106,135,803
94$173,872,369$0$0$116,797,866
95$191,347,358$0$0$128,542,301
96$210,596,606$0$0$141,479,345
97$231,800,829$0$0$155,730,480
98$255,159,170$0$0$171,429,567
99$280,891,072$0$0$188,724,120
100$309,238,358$0$0$207,776,694