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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$132,127$130,950$129,801$128,681$127,586$124,755
2 years$65,409$64,191$63,010$61,866$60,755$57,918
3 years$43,173$41,950$40,772$39,638$38,546$35,790
4 years$32,057$30,837$29,671$28,557$27,491$24,839
5 years$25,389$24,177$23,026$21,934$20,898$18,357
6 years$20,945$19,742$18,609$17,541$16,536$14,109
7 years$17,773$16,579$15,464$14,422$13,448$11,135
8 years$15,394$14,212$13,115$12,098$11,157$8,956
9 years$13,545$12,374$11,296$10,305$9,396$7,306
10 years$12,067$10,907$9,848$8,883$8,005$6,026
11 years$10,858$9,710$8,670$7,731$6,885$5,012
12 years$9,851$8,715$7,694$6,781$5,966$4,197
13 years$9,000$7,876$6,874$5,986$5,203$3,534
14 years$8,271$7,159$6,177$5,314$4,561$2,989
15 years$7,640$6,540$5,577$4,739$4,016$2,537
16 years$7,089$6,000$5,056$4,243$3,549$2,161
17 years$6,602$5,526$4,601$3,813$3,147$1,845
18 years$6,171$5,106$4,200$3,436$2,798$1,578
19 years$5,785$4,732$3,845$3,105$2,494$1,353
20 years$5,438$4,398$3,529$2,812$2,228$1,161
21 years$5,124$4,096$3,246$2,552$1,993$998
22 years$4,840$3,824$2,991$2,320$1,787$859
23 years$4,581$3,576$2,762$2,113$1,604$740
24 years$4,343$3,351$2,554$1,927$1,442$638
25 years$4,125$3,144$2,366$1,760$1,297$550
26 years$3,924$2,955$2,194$1,609$1,169$475
27 years$3,738$2,781$2,038$1,473$1,054$410
28 years$3,566$2,621$1,894$1,350$951$355
29 years$3,406$2,472$1,763$1,238$858$307
30 years$3,257$2,335$1,642$1,136$776$265
31 years$3,118$2,207$1,531$1,043$701$229
32 years$2,987$2,088$1,428$959$634$198
33 years$2,865$1,978$1,333$882$574$172
34 years$2,751$1,875$1,246$811$520$149
35 years$2,643$1,778$1,165$747$471$129
36 years$2,541$1,688$1,090$688$427$111
37 years$2,445$1,603$1,020$634$387$96
38 years$2,355$1,523$955$584$350$83
39 years$2,269$1,448$895$539$318$72
40 years$2,187$1,378$839$497$288$63
41 years$2,110$1,312$786$458$262$54
42 years$2,037$1,249$738$423$237$47
43 years$1,967$1,190$692$390$215$41
44 years$1,901$1,135$650$361$195$35
45 years$1,838$1,082$610$333$177$31
46 years$1,778$1,032$573$308$161$26
47 years$1,720$985$538$284$146$23
48 years$1,665$940$506$263$133$20
49 years$1,612$898$476$243$121$17
50 years$1,562$858$447$224$110$15

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 $6,285 every year, while hoping to spend $34,093 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: 27/45/28 Blend
40$1,600,000$1,600,000$1,600,000$1,600,000
41$1,769,683$1,684,883$1,660,083$1,801,913
42$1,913,916$1,731,168$1,679,421$1,874,794
43$2,071,718$1,778,577$1,698,264$1,949,647
44$2,244,437$1,827,132$1,716,560$2,029,322
45$2,433,558$1,876,849$1,734,253$2,114,254
46$2,640,715$1,927,749$1,751,285$2,204,921
47$2,867,709$1,979,850$1,767,594$2,301,850
48$3,116,521$2,033,168$1,783,114$2,405,621
49$3,389,336$2,087,724$1,797,778$2,516,872
50$3,688,559$2,143,532$1,811,514$2,636,306
51$4,016,838$2,200,611$1,824,246$2,764,696
52$4,377,090$2,258,976$1,835,893$2,902,897
53$4,772,531$2,318,643$1,846,373$3,051,847
54$5,206,699$2,379,627$1,855,596$3,212,580
55$5,683,494$2,441,940$1,863,471$3,386,237
56$6,207,212$2,505,597$1,869,899$3,574,075
57$6,782,586$2,570,610$1,874,778$3,777,477
58$7,414,828$2,636,988$1,878,002$3,997,968
59$8,109,683$2,704,742$1,879,457$4,237,230
60$8,873,476$2,773,880$1,879,024$4,497,115
61$9,713,179$2,844,409$1,876,580$4,779,664
62$10,636,473$2,916,334$1,871,995$5,087,127
63$11,651,817$2,989,659$1,865,131$5,421,985
64$12,768,535$3,064,385$1,855,845$5,786,970
65$13,996,898$3,140,512$1,843,988$6,185,094
66$15,348,221$3,218,037$1,829,402$6,619,679
67$16,834,975$3,296,956$1,811,922$7,094,385
68$18,470,896$3,377,260$1,791,375$7,613,245
69$20,271,122$3,458,940$1,767,580$8,180,707
70$22,252,331$3,541,983$1,740,349$8,801,671
71$24,432,900$3,626,371$1,709,482$9,481,542
72$26,833,078$3,712,086$1,674,772$10,226,274
73$29,475,178$3,799,104$1,636,003$11,042,433
74$32,383,783$3,887,397$1,592,946$11,937,254
75$35,585,983$3,976,934$1,545,363$12,918,715
76$39,111,628$4,067,678$1,493,007$13,995,608
77$42,993,608$4,159,588$1,435,618$15,177,625
78$47,268,167$4,252,619$1,372,922$16,475,449
79$51,975,241$4,346,719$1,304,636$17,900,857
80$57,158,838$4,441,830$1,230,463$19,466,829
81$62,867,447$4,537,888$1,150,092$21,187,674
82$69,154,505$4,634,823$1,063,198$23,079,164
83$76,078,892$4,732,556$969,443$25,158,683
84$83,705,491$4,831,004$868,471$27,445,395
85$92,105,800$4,930,071$759,914$29,960,421
86$101,358,604$5,029,658$643,383$32,727,044
87$111,550,722$5,129,651$518,477$35,770,927
88$122,777,822$5,229,930$384,772$39,120,356
89$135,145,328$5,330,364$241,830$42,806,509
90$148,769,410$5,430,811$89,190$46,863,753
91$163,778,085$5,531,116$0$51,329,966
92$180,312,423$5,631,114$0$56,268,919
93$198,527,875$5,730,624$0$61,734,477
94$218,595,747$5,829,453$0$67,750,844
95$240,704,809$5,927,392$0$74,374,086
96$265,063,083$6,024,218$0$81,665,991
97$291,899,803$6,119,689$0$89,694,650
98$321,467,576$6,213,548$0$98,535,102
99$354,044,773$6,305,516$0$108,270,040
100$389,938,151$6,395,297$0$118,990,594