Can I retire at age 41 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$133,778$132,586$131,424$130,289$129,181$128,099
2 years$66,227$64,993$63,798$62,639$61,515$60,424
3 years$43,713$42,474$41,282$40,133$39,028$37,962
4 years$32,458$31,223$30,042$28,914$27,835$26,803
5 years$25,707$24,479$23,314$22,209$21,160$20,164
6 years$21,207$19,989$18,841$17,760$16,743$15,785
7 years$17,995$16,787$15,657$14,602$13,616$12,697
8 years$15,586$14,389$13,279$12,249$11,296$10,415
9 years$13,714$12,528$11,437$10,434$9,513$8,670
10 years$12,217$11,043$9,971$8,994$8,106$7,300
11 years$10,994$9,831$8,778$7,827$6,971$6,202
12 years$9,974$8,824$7,790$6,866$6,041$5,308
13 years$9,113$7,974$6,960$6,061$5,268$4,570
14 years$8,375$7,248$6,254$5,381$4,618$3,955
15 years$7,736$6,622$5,646$4,798$4,066$3,436
16 years$7,177$6,075$5,119$4,297$3,593$2,996
17 years$6,685$5,595$4,658$3,860$3,186$2,620
18 years$6,248$5,170$4,252$3,479$2,833$2,298
19 years$5,857$4,791$3,893$3,144$2,525$2,019
20 years$5,506$4,452$3,573$2,847$2,255$1,778
21 years$5,189$4,147$3,286$2,584$2,018$1,568
22 years$4,900$3,871$3,029$2,349$1,809$1,385
23 years$4,638$3,621$2,797$2,140$1,624$1,225
24 years$4,397$3,392$2,586$1,951$1,460$1,084
25 years$4,177$3,184$2,395$1,782$1,314$961
26 years$3,973$2,992$2,222$1,630$1,183$852
27 years$3,785$2,816$2,063$1,492$1,067$756
28 years$3,611$2,653$1,918$1,367$963$672
29 years$3,449$2,503$1,785$1,253$869$597
30 years$3,298$2,364$1,662$1,150$785$531
31 years$3,157$2,235$1,550$1,056$710$472
32 years$3,025$2,115$1,446$971$642$420
33 years$2,901$2,003$1,350$893$581$374
34 years$2,785$1,898$1,261$821$526$333
35 years$2,676$1,800$1,179$756$477$297
36 years$2,573$1,709$1,103$696$432$264
37 years$2,476$1,623$1,033$642$391$236
38 years$2,384$1,542$967$591$355$210
39 years$2,297$1,467$906$545$322$187
40 years$2,215$1,395$849$503$292$167
41 years$2,137$1,328$796$464$265$149
42 years$2,062$1,265$747$428$240$133
43 years$1,992$1,205$701$395$218$118
44 years$1,925$1,149$658$365$198$106
45 years$1,861$1,095$618$337$180$94
46 years$1,800$1,045$580$311$163$84
47 years$1,742$997$545$288$148$75
48 years$1,686$952$512$266$135$67
49 years$1,633$909$481$246$122$60
50 years$1,582$868$453$227$111$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,620,000, adding $2,980 every year, while hoping to spend $40,413 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: 77/5/18 Blend
40$1,620,000$1,620,000$1,620,000$1,620,000
41$1,788,314$1,702,454$1,677,344$1,918,518
42$1,927,723$1,742,875$1,690,536$2,045,396
43$2,079,997$1,783,922$1,702,815$2,179,162
44$2,246,406$1,825,584$1,714,109$2,324,774
45$2,428,347$1,867,845$1,724,339$2,483,404
46$2,627,360$1,910,691$1,733,426$2,656,341
47$2,845,139$1,954,104$1,741,284$2,845,008
48$3,083,550$1,998,061$1,747,824$3,050,969
49$3,344,647$2,042,541$1,752,951$3,275,949
50$3,630,693$2,087,518$1,756,567$3,521,849
51$3,944,180$2,132,963$1,758,568$3,790,762
52$4,287,853$2,178,843$1,758,846$4,084,995
53$4,664,732$2,225,125$1,757,286$4,407,091
54$5,078,148$2,271,770$1,753,769$4,759,849
55$5,531,768$2,318,735$1,748,168$5,146,356
56$6,029,629$2,365,974$1,740,353$5,570,011
57$6,576,182$2,413,438$1,730,186$6,034,563
58$7,176,326$2,461,070$1,717,520$6,544,139
59$7,835,460$2,508,811$1,702,206$7,103,290
60$8,559,531$2,556,597$1,684,084$7,717,028
61$9,355,090$2,604,357$1,662,988$8,390,878
62$10,229,355$2,652,016$1,638,743$9,130,928
63$11,190,276$2,699,491$1,611,168$9,943,887
64$12,246,613$2,746,695$1,580,071$10,837,148
65$13,408,016$2,793,532$1,545,252$11,818,858
66$14,685,119$2,839,900$1,506,503$12,897,995
67$16,089,635$2,885,689$1,463,604$14,084,452
68$17,634,470$2,930,780$1,416,328$15,389,133
69$19,333,845$2,975,047$1,364,434$16,824,052
70$21,203,427$3,018,354$1,307,672$18,402,451
71$23,260,478$3,060,555$1,245,781$20,138,922
72$25,524,019$3,101,495$1,178,487$22,049,546
73$28,015,007$3,141,006$1,105,504$24,152,043
74$30,756,533$3,178,911$1,026,534$26,465,943
75$33,774,041$3,215,019$941,264$29,012,768
76$37,095,565$3,249,127$849,368$31,816,236
77$40,751,997$3,281,018$750,506$34,902,485
78$44,777,374$3,310,462$644,322$38,300,318
79$49,209,203$3,337,211$530,444$42,041,480
80$54,088,812$3,361,004$408,483$46,160,954
81$59,461,739$3,381,562$278,036$50,697,292
82$65,378,164$3,398,586$138,678$55,692,979
83$71,893,382$3,411,762$0$61,194,836
84$79,068,321$3,420,753$0$67,256,390
85$86,970,121$3,425,201$0$73,961,123
86$95,672,765$3,424,727$0$81,345,131
87$105,257,777$3,418,929$0$89,477,568
88$115,814,992$3,407,378$0$98,434,639
89$127,443,401$3,389,619$0$108,300,320
90$140,252,089$3,365,172$0$119,167,146
91$154,361,262$3,333,525$0$131,137,089
92$169,903,379$3,294,136$0$144,322,518
93$187,024,406$3,246,432$0$158,847,260
94$205,885,191$3,189,802$0$174,847,768
95$226,662,981$3,123,603$0$192,474,409
96$249,553,097$3,047,151$0$211,892,885
97$274,770,776$2,959,724$0$233,285,792
98$302,553,200$2,860,556$0$256,854,351
99$333,161,739$2,748,836$0$282,820,299
100$366,884,415$2,623,707$0$311,427,990