Can I retire at age 41 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$127,998$126,857$125,745$124,659$123,599$120,028
2 years$63,365$62,185$61,041$59,932$58,857$55,287
3 years$41,824$40,639$39,498$38,399$37,341$33,885
4 years$31,055$29,874$28,744$27,664$26,632$23,316
5 years$24,596$23,421$22,307$21,249$20,245$17,078
6 years$20,291$19,125$18,027$16,993$16,019$13,004
7 years$17,217$16,061$14,981$13,971$13,028$10,165
8 years$14,913$13,768$12,705$11,720$10,808$8,095
9 years$13,122$11,987$10,943$9,983$9,102$6,536
10 years$11,690$10,566$9,540$8,605$7,755$5,334
11 years$10,519$9,406$8,399$7,489$6,670$4,388
12 years$9,543$8,443$7,454$6,569$5,780$3,634
13 years$8,719$7,630$6,659$5,799$5,040$3,025
14 years$8,013$6,935$5,984$5,148$4,418$2,529
15 years$7,402$6,335$5,402$4,591$3,890$2,121
16 years$6,867$5,813$4,898$4,111$3,438$1,785
17 years$6,396$5,353$4,457$3,694$3,048$1,505
18 years$5,978$4,947$4,069$3,329$2,711$1,272
19 years$5,604$4,584$3,725$3,008$2,416$1,076
20 years$5,268$4,260$3,418$2,724$2,158$912
21 years$4,964$3,968$3,144$2,472$1,931$774
22 years$4,689$3,704$2,898$2,248$1,731$657
23 years$4,437$3,464$2,676$2,047$1,554$559
24 years$4,207$3,246$2,475$1,867$1,397$475
25 years$3,996$3,046$2,292$1,705$1,257$404
26 years$3,801$2,863$2,126$1,559$1,132$344
27 years$3,621$2,694$1,974$1,427$1,021$293
28 years$3,455$2,539$1,835$1,308$921$250
29 years$3,300$2,395$1,708$1,199$832$213
30 years$3,155$2,262$1,591$1,100$751$182
31 years$3,020$2,138$1,483$1,011$679$155
32 years$2,894$2,023$1,383$929$615$132
33 years$2,776$1,916$1,292$854$556$113
34 years$2,665$1,816$1,207$786$504$96
35 years$2,560$1,722$1,128$723$456$82
36 years$2,462$1,635$1,056$666$413$70
37 years$2,369$1,553$988$614$374$60
38 years$2,281$1,476$925$566$340$51
39 years$2,198$1,403$867$522$308$44
40 years$2,119$1,335$813$481$279$37
41 years$2,044$1,271$762$444$253$32
42 years$1,973$1,210$715$410$230$27
43 years$1,906$1,153$671$378$209$23
44 years$1,842$1,099$629$349$189$20
45 years$1,780$1,048$591$323$172$17
46 years$1,722$1,000$555$298$156$14
47 years$1,666$954$522$275$142$12
48 years$1,613$911$490$254$129$11
49 years$1,562$870$461$235$117$9
50 years$1,513$831$433$217$106$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,550,000, adding $6,640 every year, while hoping to spend $38,159 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: 70/22/8 Blend
40$1,550,000$1,550,000$1,550,000$1,550,000
41$1,714,949$1,632,799$1,608,774$1,832,161
42$1,849,273$1,672,205$1,622,067$1,949,999
43$1,996,019$1,712,264$1,634,527$2,073,582
44$2,156,414$1,752,966$1,646,084$2,207,771
45$2,331,809$1,794,301$1,656,668$2,353,601
46$2,523,690$1,836,258$1,666,203$2,512,208
47$2,733,695$1,878,824$1,674,610$2,684,847
48$2,963,627$1,921,981$1,681,805$2,872,898
49$3,215,471$1,965,713$1,687,700$3,077,882
50$3,491,415$2,009,999$1,692,203$3,301,472
51$3,793,866$2,054,816$1,695,219$3,545,514
52$4,125,477$2,100,138$1,696,645$3,812,039
53$4,489,167$2,145,936$1,696,374$4,103,285
54$4,888,155$2,192,180$1,694,296$4,421,718
55$5,325,985$2,238,835$1,690,292$4,770,053
56$5,806,559$2,285,861$1,684,241$5,151,282
57$6,334,177$2,333,217$1,676,012$5,568,703
58$6,913,576$2,380,858$1,665,471$6,025,947
59$7,549,972$2,428,732$1,652,476$6,527,016
60$8,249,115$2,476,785$1,636,880$7,076,318
61$9,017,335$2,524,958$1,618,525$7,678,712
62$9,861,607$2,573,185$1,597,250$8,339,551
63$10,789,618$2,621,398$1,572,885$9,064,732
64$11,809,833$2,669,520$1,545,250$9,860,754
65$12,931,579$2,717,470$1,514,159$10,734,779
66$14,165,133$2,765,159$1,479,417$11,694,698
67$15,521,818$2,812,493$1,440,818$12,749,205
68$17,014,107$2,859,369$1,398,150$13,907,883
69$18,655,746$2,905,678$1,351,187$15,181,291
70$20,461,877$2,951,301$1,299,697$16,581,063
71$22,449,185$2,996,112$1,243,434$18,120,021
72$24,636,055$3,039,974$1,182,142$19,812,294
73$27,042,744$3,082,744$1,115,555$21,673,453
74$29,691,569$3,124,264$1,043,391$23,720,657
75$32,607,124$3,164,368$965,360$25,972,812
76$35,816,507$3,202,878$881,156$28,450,758
77$39,349,576$3,239,604$790,459$31,177,455
78$43,239,231$3,274,343$692,938$34,178,210
79$47,521,724$3,306,878$588,244$37,480,910
80$52,237,003$3,336,978$476,013$41,116,285
81$57,429,085$3,364,397$355,867$45,118,203
82$63,146,472$3,388,872$227,408$49,523,987
83$69,442,610$3,410,125$90,225$54,374,766
84$76,376,393$3,427,858$0$59,715,866
85$84,012,717$3,441,755$0$65,602,034
86$92,423,093$3,451,480$0$72,092,053
87$101,686,322$3,456,676$0$79,238,918
88$111,889,236$3,456,962$0$87,109,523
89$123,127,520$3,451,936$0$95,777,587
90$135,506,616$3,441,169$0$105,324,349
91$149,142,712$3,424,208$0$115,839,332
92$164,163,845$3,400,570$0$127,421,191
93$180,711,103$3,369,744$0$140,178,645
94$198,939,961$3,331,187$0$154,231,502
95$219,021,748$3,284,326$0$169,711,791
96$241,145,258$3,228,550$0$186,765,010
97$265,518,541$3,163,215$0$205,551,497
98$292,370,857$3,087,638$0$226,247,947
99$321,954,846$3,001,094$0$249,049,079
100$354,548,910$2,902,817$0$274,169,476