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%18.2%
1 years$127,998$126,857$125,745$124,659$123,599$119,499
2 years$63,365$62,185$61,041$59,932$58,857$54,766
3 years$41,824$40,639$39,498$38,399$37,341$33,388
4 years$31,055$29,874$28,744$27,664$26,632$22,847
5 years$24,596$23,421$22,307$21,249$20,245$16,638
6 years$20,291$19,125$18,027$16,993$16,019$12,593
7 years$17,217$16,061$14,981$13,971$13,028$9,782
8 years$14,913$13,768$12,705$11,720$10,808$7,739
9 years$13,122$11,987$10,943$9,983$9,102$6,208
10 years$11,690$10,566$9,540$8,605$7,755$5,031
11 years$10,519$9,406$8,399$7,489$6,670$4,110
12 years$9,543$8,443$7,454$6,569$5,780$3,379
13 years$8,719$7,630$6,659$5,799$5,040$2,792
14 years$8,013$6,935$5,984$5,148$4,418$2,316
15 years$7,402$6,335$5,402$4,591$3,890$1,928
16 years$6,867$5,813$4,898$4,111$3,438$1,609
17 years$6,396$5,353$4,457$3,694$3,048$1,346
18 years$5,978$4,947$4,069$3,329$2,711$1,128
19 years$5,604$4,584$3,725$3,008$2,416$947
20 years$5,268$4,260$3,418$2,724$2,158$796
21 years$4,964$3,968$3,144$2,472$1,931$669
22 years$4,689$3,704$2,898$2,248$1,731$564
23 years$4,437$3,464$2,676$2,047$1,554$475
24 years$4,207$3,246$2,475$1,867$1,397$400
25 years$3,996$3,046$2,292$1,705$1,257$338
26 years$3,801$2,863$2,126$1,559$1,132$285
27 years$3,621$2,694$1,974$1,427$1,021$241
28 years$3,455$2,539$1,835$1,308$921$203
29 years$3,300$2,395$1,708$1,199$832$172
30 years$3,155$2,262$1,591$1,100$751$145
31 years$3,020$2,138$1,483$1,011$679$123
32 years$2,894$2,023$1,383$929$615$104
33 years$2,776$1,916$1,292$854$556$88
34 years$2,665$1,816$1,207$786$504$74
35 years$2,560$1,722$1,128$723$456$63
36 years$2,462$1,635$1,056$666$413$53
37 years$2,369$1,553$988$614$374$45
38 years$2,281$1,476$925$566$340$38
39 years$2,198$1,403$867$522$308$32
40 years$2,119$1,335$813$481$279$27
41 years$2,044$1,271$762$444$253$23
42 years$1,973$1,210$715$410$230$19
43 years$1,906$1,153$671$378$209$16
44 years$1,842$1,099$629$349$189$14
45 years$1,780$1,048$591$323$172$12
46 years$1,722$1,000$555$298$156$10
47 years$1,666$954$522$275$142$8
48 years$1,613$911$490$254$129$7
49 years$1,562$870$461$235$117$6
50 years$1,513$831$433$217$106$5

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 $3,189 every year, while hoping to spend $25,771 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: 89/5/6 Blend
40$1,550,000$1,550,000$1,550,000$1,550,000
41$1,711,389$1,629,239$1,605,214$1,863,176
42$1,858,531$1,681,652$1,631,569$2,014,798
43$2,019,817$1,735,769$1,657,943$2,177,540
44$2,196,664$1,791,647$1,684,309$2,355,638
45$2,390,630$1,849,344$1,710,639$2,550,623
46$2,603,432$1,908,920$1,736,904$2,764,179
47$2,836,963$1,970,437$1,763,071$2,998,163
48$3,093,305$2,033,961$1,789,105$3,254,621
49$3,374,753$2,099,556$1,814,972$3,535,803
50$3,683,836$2,167,293$1,840,632$3,844,192
51$4,023,339$2,237,241$1,866,044$4,182,519
52$4,396,329$2,309,475$1,891,166$4,553,796
53$4,806,186$2,384,071$1,915,952$4,961,337
54$5,256,634$2,461,108$1,940,353$5,408,796
55$5,751,774$2,540,665$1,964,318$5,900,198
56$6,296,126$2,622,829$1,987,794$6,439,976
57$6,894,668$2,707,685$2,010,722$7,033,014
58$7,552,886$2,795,324$2,033,044$7,684,693
59$8,276,824$2,885,838$2,054,694$8,400,942
60$9,073,140$2,979,324$2,075,607$9,188,292
61$9,949,171$3,075,882$2,095,710$10,053,941
62$10,913,000$3,175,614$2,114,930$11,005,816
63$11,973,534$3,278,626$2,133,188$12,052,654
64$13,140,585$3,385,030$2,150,400$13,204,081
65$14,424,967$3,494,938$2,166,481$14,470,701
66$15,838,593$3,608,470$2,181,337$15,864,201
67$17,394,590$3,725,746$2,194,873$17,397,456
68$19,107,424$3,846,893$2,206,987$19,084,653
69$20,993,033$3,972,042$2,217,572$20,941,425
70$23,068,978$4,101,327$2,226,516$22,984,996
71$25,354,611$4,234,890$2,233,702$25,234,346
72$27,871,255$4,372,873$2,239,005$27,710,389
73$30,642,407$4,515,428$2,242,296$30,436,169
74$33,693,957$4,662,709$2,243,438$33,437,080
75$37,054,436$4,814,877$2,242,287$36,741,101
76$40,755,279$4,972,097$2,238,695$40,379,067
77$44,831,130$5,134,541$2,232,503$44,384,952
78$49,320,159$5,302,388$2,223,547$48,796,194
79$54,264,432$5,475,822$2,211,652$53,654,048
80$59,710,299$5,655,032$2,196,637$59,003,974
81$65,708,838$5,840,217$2,178,313$64,896,065
82$72,316,333$6,031,581$2,156,480$71,385,522
83$79,594,806$6,229,336$2,130,929$78,533,175
84$87,612,603$6,433,699$2,101,442$86,406,054
85$96,445,037$6,644,900$2,067,789$95,078,022
86$106,175,102$6,863,171$2,029,731$104,630,476
87$116,894,253$7,088,757$1,987,017$115,153,110
88$128,703,270$7,321,909$1,939,385$126,744,764
89$141,713,209$7,562,888$1,886,561$139,514,359
90$156,046,452$7,811,965$1,828,256$153,581,919
91$171,837,858$8,069,419$1,764,170$169,079,708
92$189,236,039$8,335,541$1,693,990$186,153,479
93$208,404,763$8,610,630$1,617,386$204,963,846
94$229,524,496$8,894,998$1,534,016$225,687,803
95$252,794,109$9,188,967$1,443,520$248,520,393
96$278,432,753$9,492,871$1,345,522$273,676,551
97$306,681,928$9,807,057$1,239,632$301,393,129
98$337,807,764$10,131,882$1,125,439$331,931,135
99$372,103,530$10,467,718$1,002,515$365,578,196
100$409,892,404$10,814,950$870,413$402,651,270