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%18.2%
1 years$132,127$130,950$129,801$128,681$127,586$123,354
2 years$65,409$64,191$63,010$61,866$60,755$56,533
3 years$43,173$41,950$40,772$39,638$38,546$34,465
4 years$32,057$30,837$29,671$28,557$27,491$23,583
5 years$25,389$24,177$23,026$21,934$20,898$17,174
6 years$20,945$19,742$18,609$17,541$16,536$12,999
7 years$17,773$16,579$15,464$14,422$13,448$10,097
8 years$15,394$14,212$13,115$12,098$11,157$7,989
9 years$13,545$12,374$11,296$10,305$9,396$6,408
10 years$12,067$10,907$9,848$8,883$8,005$5,193
11 years$10,858$9,710$8,670$7,731$6,885$4,242
12 years$9,851$8,715$7,694$6,781$5,966$3,488
13 years$9,000$7,876$6,874$5,986$5,203$2,882
14 years$8,271$7,159$6,177$5,314$4,561$2,391
15 years$7,640$6,540$5,577$4,739$4,016$1,990
16 years$7,089$6,000$5,056$4,243$3,549$1,661
17 years$6,602$5,526$4,601$3,813$3,147$1,389
18 years$6,171$5,106$4,200$3,436$2,798$1,164
19 years$5,785$4,732$3,845$3,105$2,494$977
20 years$5,438$4,398$3,529$2,812$2,228$821
21 years$5,124$4,096$3,246$2,552$1,993$691
22 years$4,840$3,824$2,991$2,320$1,787$582
23 years$4,581$3,576$2,762$2,113$1,604$490
24 years$4,343$3,351$2,554$1,927$1,442$413
25 years$4,125$3,144$2,366$1,760$1,297$349
26 years$3,924$2,955$2,194$1,609$1,169$294
27 years$3,738$2,781$2,038$1,473$1,054$249
28 years$3,566$2,621$1,894$1,350$951$210
29 years$3,406$2,472$1,763$1,238$858$177
30 years$3,257$2,335$1,642$1,136$776$150
31 years$3,118$2,207$1,531$1,043$701$127
32 years$2,987$2,088$1,428$959$634$107
33 years$2,865$1,978$1,333$882$574$90
34 years$2,751$1,875$1,246$811$520$77
35 years$2,643$1,778$1,165$747$471$65
36 years$2,541$1,688$1,090$688$427$55
37 years$2,445$1,603$1,020$634$387$46
38 years$2,355$1,523$955$584$350$39
39 years$2,269$1,448$895$539$318$33
40 years$2,187$1,378$839$497$288$28
41 years$2,110$1,312$786$458$262$24
42 years$2,037$1,249$738$423$237$20
43 years$1,967$1,190$692$390$215$17
44 years$1,901$1,135$650$361$195$14
45 years$1,838$1,082$610$333$177$12
46 years$1,778$1,032$573$308$161$10
47 years$1,720$985$538$284$146$9
48 years$1,665$940$506$263$133$7
49 years$1,612$898$476$243$121$6
50 years$1,562$858$447$224$110$5

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 $3,225 every year, while hoping to spend $22,157 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: 48/29/23 Blend
40$1,600,000$1,600,000$1,600,000$1,600,000
41$1,766,527$1,681,727$1,656,927$1,839,644
42$1,923,137$1,740,556$1,688,859$1,949,878
43$2,094,980$1,801,526$1,721,118$2,067,045
44$2,283,584$1,864,717$1,753,692$2,193,830
45$2,490,636$1,930,215$1,786,567$2,331,147
46$2,717,993$1,998,107$1,819,728$2,480,004
47$2,967,699$2,068,485$1,853,160$2,641,504
48$3,242,007$2,141,444$1,886,844$2,816,866
49$3,543,401$2,217,084$1,920,763$3,007,427
50$3,874,614$2,295,507$1,954,895$3,214,662
51$4,238,660$2,376,822$1,989,218$3,440,190
52$4,638,856$2,461,139$2,023,710$3,685,797
53$5,078,859$2,548,575$2,058,344$3,953,444
54$5,562,699$2,639,251$2,093,095$4,245,295
55$6,094,812$2,733,292$2,127,932$4,563,727
56$6,680,090$2,830,831$2,162,824$4,911,361
57$7,323,920$2,932,002$2,197,739$5,291,079
58$8,032,238$3,036,948$2,232,642$5,706,057
59$8,811,585$3,145,817$2,267,494$6,159,790
60$9,669,166$3,258,762$2,302,255$6,656,128
61$10,612,924$3,375,944$2,336,883$7,199,309
62$11,651,605$3,497,529$2,371,332$7,794,001
63$12,794,852$3,623,690$2,405,554$8,445,345
64$14,053,285$3,754,610$2,439,499$9,159,003
65$15,438,610$3,890,475$2,473,111$9,941,209
66$16,963,722$4,031,482$2,506,335$10,798,833
67$18,642,832$4,177,835$2,539,107$11,739,438
68$20,491,599$4,329,747$2,571,366$12,771,357
69$22,527,277$4,487,440$2,603,041$13,903,769
70$24,768,879$4,651,143$2,634,062$15,146,782
71$27,237,354$4,821,099$2,664,353$16,511,534
72$29,955,788$4,997,557$2,693,833$18,010,294
73$32,949,619$5,180,778$2,722,417$19,656,577
74$36,246,879$5,371,035$2,750,017$21,465,272
75$39,878,456$5,568,611$2,776,538$23,452,782
76$43,878,388$5,773,802$2,801,881$25,637,178
77$48,284,181$5,986,916$2,825,941$28,038,367
78$53,137,166$6,208,273$2,848,609$30,678,285
79$58,482,887$6,438,209$2,869,767$33,581,097
80$64,371,532$6,677,072$2,889,296$36,773,427
81$70,858,406$6,925,226$2,907,065$40,284,610
82$78,004,452$7,183,051$2,922,940$44,146,966
83$85,876,827$7,450,941$2,936,779$48,396,104
84$94,549,536$7,729,310$2,948,434$53,071,260
85$104,104,129$8,018,587$2,957,747$58,215,666
86$114,630,473$8,319,220$2,964,554$63,876,954
87$126,227,597$8,631,677$2,968,682$70,107,609
88$139,004,629$8,956,447$2,969,951$76,965,460
89$153,081,826$9,294,038$2,968,169$84,514,229
90$168,591,707$9,644,980$2,963,137$92,824,125
91$185,680,305$10,009,828$2,954,646$101,972,515
92$204,508,546$10,389,159$2,942,476$112,044,646
93$225,253,766$10,783,576$2,926,398$123,134,449
94$248,111,387$11,193,709$2,906,169$135,345,430
95$273,296,760$11,620,212$2,881,537$148,791,640
96$301,047,198$12,063,771$2,852,237$163,598,755
97$331,624,218$12,525,101$2,817,992$179,905,257
98$365,316,005$13,004,948$2,778,512$197,863,744
99$402,440,137$13,504,090$2,733,491$217,642,366
100$443,346,580$14,023,339$2,682,613$239,426,413