Can I retire at age 41 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$128,823$127,676$126,556$125,464$124,397$121,835
2 years$63,774$62,586$61,435$60,319$59,236$56,668
3 years$42,094$40,901$39,753$38,647$37,582$35,086
4 years$31,256$30,066$28,930$27,843$26,804$24,399
5 years$24,754$23,572$22,451$21,386$20,376$18,070
6 years$20,422$19,249$18,143$17,103$16,123$13,918
7 years$17,328$16,165$15,077$14,061$13,112$11,009
8 years$15,009$13,856$12,787$11,795$10,878$8,876
9 years$13,206$12,064$11,013$10,047$9,161$7,258
10 years$11,765$10,634$9,602$8,661$7,805$6,001
11 years$10,586$9,467$8,453$7,537$6,713$5,004
12 years$9,605$8,497$7,502$6,611$5,817$4,201
13 years$8,775$7,679$6,702$5,837$5,073$3,547
14 years$8,065$6,980$6,022$5,181$4,447$3,008
15 years$7,449$6,376$5,437$4,621$3,915$2,561
16 years$6,911$5,850$4,930$4,137$3,460$2,187
17 years$6,437$5,388$4,486$3,717$3,068$1,872
18 years$6,016$4,979$4,095$3,350$2,728$1,607
19 years$5,640$4,614$3,749$3,027$2,432$1,381
20 years$5,302$4,288$3,440$2,742$2,172$1,189
21 years$4,996$3,994$3,164$2,488$1,944$1,025
22 years$4,719$3,728$2,917$2,262$1,742$885
23 years$4,466$3,487$2,693$2,060$1,564$765
24 years$4,235$3,267$2,491$1,879$1,406$662
25 years$4,022$3,066$2,307$1,716$1,265$573
26 years$3,826$2,881$2,139$1,569$1,139$496
27 years$3,645$2,712$1,987$1,436$1,027$430
28 years$3,477$2,555$1,847$1,316$927$372
29 years$3,321$2,411$1,719$1,207$837$323
30 years$3,175$2,276$1,601$1,108$756$280
31 years$3,040$2,152$1,492$1,017$684$243
32 years$2,913$2,036$1,392$935$618$211
33 years$2,794$1,928$1,300$860$560$183
34 years$2,682$1,828$1,215$791$507$159
35 years$2,577$1,733$1,136$728$459$138
36 years$2,478$1,645$1,062$671$416$120
37 years$2,384$1,563$994$618$377$104
38 years$2,296$1,485$931$569$342$91
39 years$2,212$1,412$872$525$310$79
40 years$2,133$1,344$818$484$281$68
41 years$2,058$1,279$767$447$255$60
42 years$1,986$1,218$719$412$231$52
43 years$1,918$1,161$675$381$210$45
44 years$1,854$1,106$634$351$191$39
45 years$1,792$1,055$595$325$173$34
46 years$1,733$1,006$559$300$157$30
47 years$1,677$960$525$277$143$26
48 years$1,623$917$493$256$130$22
49 years$1,572$875$464$237$118$19
50 years$1,523$836$436$219$107$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,560,000, adding $2,514 every year, while hoping to spend $29,359 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: 46/43/11 Blend
40$1,560,000$1,560,000$1,560,000$1,560,000
41$1,721,713$1,639,033$1,614,853$1,795,488
42$1,866,090$1,688,108$1,637,713$1,895,836
43$2,024,210$1,738,604$1,660,355$2,001,411
44$2,197,442$1,790,558$1,682,740$2,115,279
45$2,387,298$1,844,012$1,704,828$2,238,218
46$2,595,439$1,899,005$1,726,576$2,371,084
47$2,823,696$1,955,579$1,747,939$2,514,820
48$3,074,086$2,013,776$1,768,868$2,670,460
49$3,348,831$2,073,639$1,789,313$2,839,146
50$3,650,377$2,135,213$1,809,221$3,022,130
51$3,981,420$2,198,543$1,828,534$3,220,795
52$4,344,929$2,263,675$1,847,194$3,436,658
53$4,744,173$2,330,657$1,865,137$3,671,393
54$5,182,757$2,399,537$1,882,297$3,926,840
55$5,664,648$2,470,364$1,898,604$4,205,024
56$6,194,220$2,543,190$1,913,985$4,508,178
57$6,776,289$2,618,065$1,928,362$4,838,758
58$7,416,162$2,695,041$1,941,654$5,199,468
59$8,119,686$2,774,174$1,953,774$5,593,286
60$8,893,303$2,855,517$1,964,634$6,023,493
61$9,744,108$2,939,126$1,974,138$6,493,701
62$10,679,922$3,025,058$1,982,187$7,007,887
63$11,709,360$3,113,371$1,988,675$7,570,434
64$12,841,912$3,204,124$1,993,494$8,186,167
65$14,088,039$3,297,378$1,996,527$8,860,401
66$15,459,262$3,393,192$1,997,654$9,598,993
67$16,968,278$3,491,631$1,996,747$10,408,391
68$18,629,078$3,592,756$1,993,673$11,295,702
69$20,457,075$3,696,632$1,988,293$12,268,752
70$22,469,255$3,803,325$1,980,459$13,336,164
71$24,684,332$3,912,901$1,970,017$14,507,439
72$27,122,928$4,025,427$1,956,807$15,793,041
73$29,807,766$4,140,972$1,940,659$17,204,501
74$32,763,883$4,259,606$1,921,397$18,754,522
75$36,018,871$4,381,397$1,898,835$20,457,102
76$39,603,128$4,506,419$1,872,778$22,327,662
77$43,550,155$4,634,742$1,843,025$24,383,191
78$47,896,866$4,766,439$1,809,361$26,642,412
79$52,683,936$4,901,584$1,771,564$29,125,952
80$57,956,187$5,040,251$1,729,401$31,856,539
81$63,763,010$5,182,515$1,682,628$34,859,217
82$70,158,831$5,328,452$1,630,990$38,161,580
83$77,203,623$5,478,138$1,574,219$41,794,035
84$84,963,475$5,631,649$1,512,038$45,790,085
85$93,511,212$5,789,062$1,444,153$50,186,650
86$102,927,083$5,950,454$1,370,261$55,024,410
87$113,299,523$6,115,903$1,290,041$60,348,193
88$124,725,978$6,285,486$1,203,162$66,207,393
89$137,313,834$6,459,281$1,109,273$72,656,442
90$151,181,423$6,637,364$1,008,013$79,755,320
91$166,459,147$6,819,814$899,000$87,570,121
92$183,290,701$7,006,705$781,837$96,173,676
93$201,834,434$7,198,115$656,110$105,646,244
94$222,264,842$7,394,119$521,386$116,076,265
95$244,774,216$7,594,791$377,212$127,561,197
96$269,574,454$7,800,204$223,117$140,208,436
97$296,899,065$8,010,430$58,608$154,136,328
98$327,005,368$8,225,540$0$169,475,289
99$360,176,926$8,445,602$0$186,382,758
100$396,726,219$8,670,683$0$205,011,610