Can I retire at age 41 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$134,604$133,405$132,235$131,093$129,978$127,250
2 years$66,636$65,395$64,192$63,026$61,895$59,159
3 years$43,982$42,736$41,536$40,381$39,268$36,610
4 years$32,658$31,416$30,228$29,092$28,007$25,447
5 years$25,865$24,630$23,458$22,346$21,290$18,836
6 years$21,338$20,112$18,958$17,870$16,846$14,500
7 years$18,106$16,890$15,754$14,692$13,700$11,463
8 years$15,683$14,478$13,361$12,325$11,366$9,236
9 years$13,799$12,606$11,507$10,498$9,572$7,549
10 years$12,293$11,111$10,032$9,049$8,156$6,237
11 years$11,061$9,892$8,832$7,876$7,014$5,197
12 years$10,036$8,878$7,839$6,908$6,078$4,361
13 years$9,169$8,023$7,003$6,099$5,300$3,679
14 years$8,426$7,293$6,292$5,414$4,646$3,118
15 years$7,784$6,662$5,681$4,828$4,091$2,653
16 years$7,222$6,113$5,151$4,323$3,616$2,264
17 years$6,726$5,629$4,687$3,884$3,206$1,937
18 years$6,286$5,202$4,279$3,500$2,850$1,661
19 years$5,893$4,821$3,917$3,163$2,541$1,427
20 years$5,540$4,480$3,595$2,865$2,269$1,228
21 years$5,221$4,173$3,306$2,600$2,031$1,058
22 years$4,931$3,895$3,047$2,364$1,820$912
23 years$4,666$3,643$2,814$2,153$1,634$788
24 years$4,425$3,413$2,602$1,964$1,469$681
25 years$4,202$3,203$2,410$1,793$1,322$589
26 years$3,998$3,011$2,235$1,640$1,190$509
27 years$3,808$2,833$2,076$1,501$1,073$441
28 years$3,633$2,670$1,930$1,375$968$382
29 years$3,470$2,519$1,796$1,261$875$331
30 years$3,318$2,379$1,673$1,157$790$287
31 years$3,176$2,249$1,559$1,063$714$249
32 years$3,043$2,128$1,455$977$646$216
33 years$2,919$2,015$1,358$898$585$187
34 years$2,802$1,910$1,269$826$529$162
35 years$2,692$1,811$1,187$761$480$141
36 years$2,589$1,719$1,110$701$435$122
37 years$2,491$1,633$1,039$646$394$106
38 years$2,399$1,552$973$595$357$92
39 years$2,311$1,476$912$549$324$80
40 years$2,228$1,404$854$506$294$70
41 years$2,150$1,336$801$467$266$60
42 years$2,075$1,273$752$431$242$52
43 years$2,004$1,213$705$398$219$46
44 years$1,937$1,156$662$367$199$40
45 years$1,872$1,102$622$339$181$34
46 years$1,811$1,052$584$313$164$30
47 years$1,752$1,003$548$289$149$26
48 years$1,696$958$515$267$135$23
49 years$1,643$915$484$247$123$20
50 years$1,591$874$455$228$112$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,630,000, adding $6,966 every year, while hoping to spend $27,050 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: 55/17/28 Blend
40$1,630,000$1,630,000$1,630,000$1,630,000
41$1,803,445$1,717,055$1,691,790$1,888,311
42$1,958,616$1,772,410$1,719,684$2,002,958
43$2,128,707$1,829,571$1,747,606$2,124,390
44$2,315,212$1,888,597$1,775,528$2,256,106
45$2,519,777$1,949,551$1,803,421$2,399,106
46$2,744,212$2,012,496$1,831,253$2,554,488
47$2,990,513$2,077,500$1,858,992$2,723,466
48$3,260,877$2,144,630$1,886,600$2,907,373
49$3,557,727$2,213,958$1,914,042$3,107,679
50$3,883,730$2,285,556$1,941,277$3,326,001
51$4,241,823$2,359,500$1,968,262$3,564,122
52$4,635,242$2,435,869$1,994,952$3,824,005
53$5,067,554$2,514,744$2,021,301$4,107,811
54$5,542,687$2,596,209$2,047,257$4,417,922
55$6,064,968$2,680,350$2,072,767$4,756,961
56$6,639,165$2,767,258$2,097,774$5,127,816
57$7,270,531$2,857,024$2,122,221$5,533,673
58$7,964,852$2,949,745$2,146,042$5,978,036
59$8,728,505$3,045,521$2,169,172$6,464,768
60$9,568,514$3,144,453$2,191,541$6,998,127
61$10,492,620$3,246,649$2,213,075$7,582,801
62$11,509,350$3,352,218$2,233,697$8,223,955
63$12,628,101$3,461,274$2,253,323$8,927,282
64$13,859,226$3,573,934$2,271,868$9,699,053
65$15,214,132$3,690,322$2,289,240$10,546,176
66$16,705,388$3,810,563$2,305,344$11,476,266
67$18,346,844$3,934,786$2,320,080$12,497,710
68$20,153,760$4,063,129$2,333,340$13,619,751
69$22,142,950$4,195,729$2,345,014$14,852,575
70$24,332,944$4,332,732$2,354,985$16,207,401
71$26,744,156$4,474,288$2,363,129$17,696,597
72$29,399,084$4,620,552$2,369,317$19,333,787
73$32,322,515$4,771,684$2,373,414$21,133,985
74$35,541,765$4,927,850$2,375,277$23,113,736
75$39,086,933$5,089,223$2,374,756$25,291,270
76$42,991,185$5,255,979$2,371,696$27,686,675
77$47,291,069$5,428,305$2,365,930$30,322,089
78$52,026,856$5,606,390$2,357,287$33,221,904
79$57,242,924$5,790,432$2,345,585$36,413,002
80$62,988,176$5,980,636$2,330,635$39,925,003
81$69,316,497$6,177,215$2,312,239$43,790,548
82$76,287,267$6,380,386$2,290,187$48,045,606
83$83,965,922$6,590,379$2,264,261$52,729,816
84$92,424,566$6,807,427$2,234,234$57,886,856
85$101,742,657$7,031,776$2,199,866$63,564,859
86$112,007,753$7,263,678$2,160,906$69,816,869
87$123,316,339$7,503,394$2,117,092$76,701,335
88$135,774,741$7,751,196$2,068,151$84,282,670
89$149,500,125$8,007,364$2,013,793$92,631,856
90$164,621,603$8,272,190$1,953,721$101,827,114
91$181,281,454$8,545,975$1,887,618$111,954,642
92$199,636,466$8,829,032$1,815,157$123,109,429
93$219,859,415$9,121,684$1,735,994$135,396,155
94$242,140,696$9,424,267$1,649,771$148,930,173
95$266,690,120$9,737,129$1,556,110$163,838,603
96$293,738,893$10,060,629$1,454,621$180,261,532
97$323,541,802$10,395,142$1,344,893$198,353,333
98$356,379,617$10,741,055$1,226,498$218,284,126
99$392,561,740$11,098,769$1,098,988$240,241,383
100$432,429,129$11,468,700$961,895$264,431,698