Can I retire at age 41 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$132,127$130,950$129,801$128,681$127,586$122,815
2 years$65,409$64,191$63,010$61,866$60,755$56,003
3 years$43,173$41,950$40,772$39,638$38,546$33,962
4 years$32,057$30,837$29,671$28,557$27,491$23,111
5 years$25,389$24,177$23,026$21,934$20,898$16,733
6 years$20,945$19,742$18,609$17,541$16,536$12,588
7 years$17,773$16,579$15,464$14,422$13,448$9,717
8 years$15,394$14,212$13,115$12,098$11,157$7,638
9 years$13,545$12,374$11,296$10,305$9,396$6,085
10 years$12,067$10,907$9,848$8,883$8,005$4,898
11 years$10,858$9,710$8,670$7,731$6,885$3,972
12 years$9,851$8,715$7,694$6,781$5,966$3,242
13 years$9,000$7,876$6,874$5,986$5,203$2,659
14 years$8,271$7,159$6,177$5,314$4,561$2,189
15 years$7,640$6,540$5,577$4,739$4,016$1,808
16 years$7,089$6,000$5,056$4,243$3,549$1,497
17 years$6,602$5,526$4,601$3,813$3,147$1,242
18 years$6,171$5,106$4,200$3,436$2,798$1,032
19 years$5,785$4,732$3,845$3,105$2,494$859
20 years$5,438$4,398$3,529$2,812$2,228$716
21 years$5,124$4,096$3,246$2,552$1,993$597
22 years$4,840$3,824$2,991$2,320$1,787$499
23 years$4,581$3,576$2,762$2,113$1,604$417
24 years$4,343$3,351$2,554$1,927$1,442$348
25 years$4,125$3,144$2,366$1,760$1,297$291
26 years$3,924$2,955$2,194$1,609$1,169$244
27 years$3,738$2,781$2,038$1,473$1,054$204
28 years$3,566$2,621$1,894$1,350$951$171
29 years$3,406$2,472$1,763$1,238$858$143
30 years$3,257$2,335$1,642$1,136$776$120
31 years$3,118$2,207$1,531$1,043$701$100
32 years$2,987$2,088$1,428$959$634$84
33 years$2,865$1,978$1,333$882$574$70
34 years$2,751$1,875$1,246$811$520$59
35 years$2,643$1,778$1,165$747$471$49
36 years$2,541$1,688$1,090$688$427$41
37 years$2,445$1,603$1,020$634$387$35
38 years$2,355$1,523$955$584$350$29
39 years$2,269$1,448$895$539$318$24
40 years$2,187$1,378$839$497$288$20
41 years$2,110$1,312$786$458$262$17
42 years$2,037$1,249$738$423$237$14
43 years$1,967$1,190$692$390$215$12
44 years$1,901$1,135$650$361$195$10
45 years$1,838$1,082$610$333$177$8
46 years$1,778$1,032$573$308$161$7
47 years$1,720$985$538$284$146$6
48 years$1,665$940$506$263$133$5
49 years$1,612$898$476$243$121$4
50 years$1,562$858$447$224$110$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,600,000, adding $4,289 every year, while hoping to spend $33,777 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: 37/48/15 Blend
40$1,600,000$1,600,000$1,600,000$1,600,000
41$1,767,624$1,682,824$1,658,024$1,824,809
42$1,911,983$1,729,344$1,677,629$1,912,808
43$2,069,935$1,777,011$1,696,760$2,004,253
44$2,242,830$1,825,847$1,715,363$2,102,301
45$2,432,156$1,875,870$1,733,385$2,207,558
46$2,639,551$1,927,103$1,750,768$2,320,695
47$2,866,818$1,979,564$1,767,452$2,442,448
48$3,115,945$2,033,274$1,783,373$2,573,626
49$3,389,119$2,088,252$1,798,463$2,715,123
50$3,688,750$2,144,518$1,812,653$2,867,918
51$4,017,493$2,202,089$1,825,867$3,033,093
52$4,378,271$2,260,985$1,838,027$3,211,836
53$4,774,305$2,321,224$1,849,051$3,405,457
54$5,209,141$2,382,821$1,858,852$3,615,398
55$5,686,689$2,445,795$1,867,339$3,843,246
56$6,211,252$2,510,160$1,874,416$4,090,750
57$6,787,574$2,575,931$1,879,982$4,359,835
58$7,420,877$2,643,122$1,883,932$4,652,622
59$8,116,918$2,711,746$1,886,155$4,971,448
60$8,882,036$2,781,815$1,886,535$5,318,884
61$9,723,219$2,853,339$1,884,949$5,697,767
62$10,648,162$2,926,327$1,881,269$6,111,219
63$11,665,343$3,000,786$1,875,360$6,562,680
64$12,784,106$3,076,723$1,867,083$7,055,940
65$14,014,743$3,154,140$1,856,288$7,595,177
66$15,368,595$3,233,041$1,842,822$8,184,990
67$16,858,156$3,313,425$1,826,521$8,830,449
68$18,497,195$3,395,289$1,807,216$9,537,142
69$20,300,880$3,478,630$1,784,729$10,311,222
70$22,285,926$3,563,438$1,758,873$11,159,472
71$24,470,748$3,649,705$1,729,454$12,089,366
72$26,875,640$3,737,415$1,696,265$13,109,140
73$29,522,960$3,826,554$1,659,095$14,227,870
74$32,437,345$3,917,099$1,617,719$15,455,554
75$35,645,944$4,009,026$1,571,902$16,803,216
76$39,178,670$4,102,308$1,521,400$18,282,998
77$43,068,485$4,196,911$1,465,957$19,908,286
78$47,351,708$4,292,798$1,405,305$21,693,828
79$52,068,363$4,389,925$1,339,163$23,655,878
80$57,262,550$4,488,246$1,267,239$25,812,349
81$62,982,865$4,587,705$1,189,227$28,182,980
82$69,282,858$4,688,244$1,104,807$30,789,526
83$76,221,537$4,789,794$1,013,644$33,655,963
84$83,863,922$4,892,283$915,391$36,808,710
85$92,281,667$4,995,629$809,681$40,276,887
86$101,553,725$5,099,744$696,134$44,092,582
87$111,767,103$5,204,529$574,351$48,291,160
88$123,017,674$5,309,877$443,919$52,911,596
89$135,411,089$5,415,674$304,402$57,996,841
90$149,063,769$5,521,790$155,349$63,594,232
91$164,104,006$5,628,090$0$69,755,936
92$180,673,172$5,734,425$0$76,540,041
93$198,927,056$5,840,632$0$84,035,883
94$219,037,331$5,946,538$0$92,288,484
95$241,193,175$6,051,955$0$101,374,883
96$265,603,057$6,156,678$0$111,379,979
97$292,496,704$6,260,491$0$122,397,330
98$322,127,271$6,363,159$0$134,530,040
99$354,773,727$6,464,427$0$147,891,726
100$390,743,490$6,564,027$0$162,607,599