Can I retire at age 41 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$130,475$129,313$128,179$127,072$125,991$123,246
2 years$64,592$63,389$62,223$61,092$59,996$57,244
3 years$42,633$41,425$40,262$39,142$38,064$35,391
4 years$31,656$30,452$29,301$28,200$27,147$24,574
5 years$25,072$23,875$22,738$21,660$20,637$18,171
6 years$20,684$19,495$18,376$17,322$16,329$13,973
7 years$17,550$16,372$15,271$14,241$13,280$11,034
8 years$15,202$14,034$12,951$11,947$11,017$8,880
9 years$13,376$12,219$11,154$10,176$9,278$7,249
10 years$11,916$10,771$9,725$8,772$7,905$5,982
11 years$10,722$9,588$8,561$7,634$6,799$4,978
12 years$9,728$8,606$7,598$6,696$5,892$4,172
13 years$8,888$7,777$6,788$5,912$5,138$3,515
14 years$8,168$7,069$6,099$5,248$4,504$2,975
15 years$7,545$6,458$5,507$4,680$3,965$2,527
16 years$7,000$5,925$4,993$4,190$3,505$2,154
17 years$6,520$5,457$4,543$3,765$3,107$1,840
18 years$6,093$5,042$4,147$3,393$2,763$1,575
19 years$5,712$4,673$3,797$3,066$2,463$1,351
20 years$5,370$4,343$3,484$2,777$2,200$1,161
21 years$5,060$4,045$3,205$2,520$1,969$999
22 years$4,779$3,776$2,954$2,291$1,765$860
23 years$4,523$3,531$2,727$2,087$1,584$742
24 years$4,289$3,309$2,522$1,903$1,424$640
25 years$4,073$3,105$2,336$1,738$1,281$552
26 years$3,875$2,918$2,167$1,589$1,154$477
27 years$3,692$2,746$2,012$1,455$1,040$413
28 years$3,521$2,588$1,870$1,333$939$357
29 years$3,363$2,441$1,741$1,222$848$309
30 years$3,216$2,306$1,621$1,122$766$267
31 years$3,079$2,180$1,512$1,030$692$231
32 years$2,950$2,062$1,410$947$626$200
33 years$2,830$1,953$1,317$871$567$173
34 years$2,716$1,851$1,230$801$513$150
35 years$2,610$1,756$1,150$737$465$130
36 years$2,509$1,666$1,076$679$421$113
37 years$2,415$1,583$1,007$626$382$98
38 years$2,325$1,504$943$577$346$85
39 years$2,240$1,430$884$532$314$73
40 years$2,160$1,361$828$491$285$64
41 years$2,084$1,295$777$453$258$55
42 years$2,012$1,234$728$418$234$48
43 years$1,943$1,175$684$386$213$41
44 years$1,877$1,120$642$356$193$36
45 years$1,815$1,068$603$329$175$31
46 years$1,755$1,019$566$304$159$27
47 years$1,699$973$532$281$144$23
48 years$1,644$929$500$259$131$20
49 years$1,592$887$470$240$119$18
50 years$1,543$847$441$221$108$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,580,000, adding $3,411 every year, while hoping to spend $28,290 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: 76/6/18 Blend
40$1,580,000$1,580,000$1,580,000$1,580,000
41$1,744,678$1,660,938$1,636,448$1,869,867
42$1,892,535$1,712,224$1,661,169$2,004,434
43$2,054,525$1,765,075$1,685,770$2,148,089
44$2,232,060$1,819,537$1,710,217$2,304,838
45$2,426,695$1,875,659$1,734,473$2,475,981
46$2,640,142$1,933,490$1,758,502$2,662,947
47$2,874,287$1,993,082$1,782,263$2,867,312
48$3,131,208$2,054,486$1,805,712$3,090,811
49$3,413,193$2,117,757$1,828,805$3,335,356
50$3,722,762$2,182,951$1,851,493$3,603,052
51$4,062,691$2,250,123$1,873,726$3,896,219
52$4,436,041$2,319,334$1,895,451$4,217,412
53$4,846,178$2,390,643$1,916,610$4,569,447
54$5,296,817$2,464,113$1,937,144$4,955,425
55$5,792,044$2,539,807$1,956,991$5,378,764
56$6,336,366$2,617,790$1,976,084$5,843,227
57$6,934,746$2,698,132$1,994,352$6,352,963
58$7,592,649$2,780,900$2,011,723$6,912,543
59$8,316,102$2,866,167$2,028,118$7,527,000
60$9,111,741$2,954,005$2,043,456$8,201,884
61$9,986,878$3,044,491$2,057,651$8,943,308
62$10,949,569$3,137,701$2,070,613$9,758,007
63$12,008,692$3,233,715$2,082,245$10,653,403
64$13,174,027$3,332,615$2,092,448$11,637,674
65$14,456,350$3,434,486$2,101,118$12,719,832
66$15,867,535$3,539,413$2,108,143$13,909,806
67$17,420,665$3,647,486$2,113,407$15,218,538
68$19,130,155$3,758,795$2,116,789$16,658,083
69$21,011,890$3,873,435$2,118,160$18,241,728
70$23,083,372$3,991,502$2,117,387$19,984,112
71$25,363,884$4,113,094$2,114,328$21,901,367
72$27,874,679$4,238,314$2,108,837$24,011,269
73$30,639,170$4,367,266$2,100,757$26,333,406
74$33,683,160$4,500,056$2,089,926$28,889,366
75$37,035,078$4,636,795$2,076,175$31,702,934
76$40,726,254$4,777,596$2,059,325$34,800,323
77$44,791,208$4,922,574$2,039,188$38,210,418
78$49,267,980$5,071,849$2,015,570$41,965,048
79$54,198,487$5,225,542$1,988,264$46,099,290
80$59,628,918$5,383,779$1,957,057$50,651,798
81$65,610,172$5,546,689$1,921,723$55,665,165
82$72,198,336$5,714,403$1,882,027$61,186,330
83$79,455,214$5,887,057$1,837,723$67,267,019
84$87,448,913$6,064,789$1,788,553$73,964,233
85$96,254,480$6,247,742$1,734,248$81,340,786
86$105,954,618$6,436,062$1,674,525$89,465,899
87$116,640,458$6,629,898$1,609,091$98,415,852
88$128,412,425$6,829,404$1,537,636$108,274,706
89$141,381,185$7,034,737$1,459,839$119,135,094
90$155,668,684$7,246,058$1,375,363$131,099,098
91$171,409,307$7,463,532$1,283,855$144,279,213
92$188,751,140$7,687,328$1,184,947$158,799,405
93$207,857,370$7,917,621$1,078,256$174,796,288
94$228,907,823$8,154,586$963,379$192,420,407
95$252,100,667$8,398,406$839,898$211,837,663
96$277,654,274$8,649,267$707,374$233,230,880
97$305,809,288$8,907,360$565,349$256,801,529
98$336,830,894$9,172,878$413,347$282,771,631
99$371,011,318$9,446,023$250,867$311,385,851
100$408,672,592$9,726,997$77,390$342,913,814