Can I retire at age 41 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$135,430$134,223$133,046$131,898$130,776$128,715
2 years$67,044$65,796$64,586$63,412$62,274$60,204
3 years$44,252$42,998$41,791$40,629$39,509$37,493
4 years$32,858$31,608$30,413$29,271$28,178$26,232
5 years$26,024$24,781$23,602$22,483$21,421$19,550
6 years$21,469$20,236$19,074$17,980$16,950$15,156
7 years$18,217$16,994$15,850$14,782$13,784$12,070
8 years$15,779$14,567$13,442$12,400$11,436$9,799
9 years$13,884$12,683$11,578$10,562$9,630$8,070
10 years$12,368$11,180$10,094$9,105$8,206$6,721
11 years$11,129$9,953$8,887$7,924$7,057$5,647
12 years$10,098$8,933$7,887$6,950$6,116$4,778
13 years$9,225$8,073$7,046$6,136$5,333$4,066
14 years$8,478$7,338$6,331$5,447$4,675$3,477
15 years$7,831$6,703$5,716$4,858$4,116$2,984
16 years$7,266$6,150$5,182$4,350$3,638$2,570
17 years$6,767$5,664$4,716$3,908$3,225$2,219
18 years$6,325$5,234$4,305$3,522$2,868$1,921
19 years$5,929$4,851$3,941$3,182$2,556$1,666
20 years$5,574$4,507$3,617$2,882$2,283$1,448
21 years$5,253$4,199$3,327$2,616$2,043$1,260
22 years$4,961$3,919$3,066$2,378$1,832$1,098
23 years$4,695$3,666$2,831$2,166$1,644$957
24 years$4,452$3,434$2,618$1,976$1,478$836
25 years$4,228$3,223$2,425$1,804$1,330$730
26 years$4,022$3,029$2,249$1,650$1,198$638
27 years$3,832$2,851$2,088$1,510$1,080$559
28 years$3,655$2,686$1,941$1,383$974$489
29 years$3,491$2,534$1,807$1,269$880$428
30 years$3,338$2,393$1,683$1,164$795$375
31 years$3,196$2,262$1,569$1,069$719$329
32 years$3,062$2,141$1,464$983$650$288
33 years$2,937$2,027$1,367$904$588$253
34 years$2,819$1,921$1,277$831$533$222
35 years$2,709$1,822$1,194$765$483$195
36 years$2,605$1,730$1,117$705$437$171
37 years$2,506$1,643$1,045$650$396$150
38 years$2,413$1,561$979$599$359$132
39 years$2,325$1,485$917$552$326$116
40 years$2,242$1,412$860$509$295$101
41 years$2,163$1,345$806$470$268$89
42 years$2,088$1,281$756$434$243$78
43 years$2,017$1,220$710$400$221$69
44 years$1,949$1,163$666$370$200$60
45 years$1,884$1,109$625$341$182$53
46 years$1,822$1,058$587$315$165$47
47 years$1,763$1,010$552$291$150$41
48 years$1,707$964$519$269$136$36
49 years$1,653$920$487$249$124$32
50 years$1,601$879$458$230$112$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,640,000, adding $3,079 every year, while hoping to spend $36,600 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: 35/35/30 Blend
40$1,640,000$1,640,000$1,640,000$1,640,000
41$1,810,456$1,723,536$1,698,116$1,857,390
42$1,956,180$1,769,047$1,716,061$1,938,519
43$2,115,542$1,815,562$1,733,380$2,022,509
44$2,289,893$1,863,090$1,750,014$2,112,443
45$2,480,723$1,911,642$1,765,900$2,208,880
46$2,689,671$1,961,227$1,780,972$2,312,434
47$2,918,543$2,011,853$1,795,161$2,423,784
48$3,169,328$2,063,527$1,808,392$2,543,676
49$3,444,215$2,116,256$1,820,589$2,672,934
50$3,745,617$2,170,044$1,831,670$2,812,465
51$4,076,189$2,224,895$1,841,551$2,963,267
52$4,438,858$2,280,813$1,850,140$3,126,444
53$4,836,847$2,337,798$1,857,345$3,303,210
54$5,273,705$2,395,850$1,863,066$3,494,902
55$5,753,343$2,454,967$1,867,199$3,702,996
56$6,280,068$2,515,144$1,869,634$3,929,119
57$6,858,626$2,576,377$1,870,257$4,175,062
58$7,494,243$2,638,657$1,868,948$4,442,803
59$8,192,678$2,701,973$1,865,580$4,734,519
60$8,960,276$2,766,314$1,860,021$5,052,611
61$9,804,024$2,831,664$1,852,133$5,399,727
62$10,731,623$2,898,004$1,841,768$5,778,784
63$11,751,557$2,965,314$1,828,775$6,193,001
64$12,873,171$3,033,570$1,812,995$6,645,923
65$14,106,763$3,102,744$1,794,258$7,141,459
66$15,463,678$3,172,803$1,772,391$7,683,921
67$16,956,416$3,243,713$1,747,209$8,278,060
68$18,598,750$3,315,434$1,718,520$8,929,113
69$20,405,854$3,387,923$1,686,122$9,642,855
70$22,394,449$3,461,129$1,649,805$10,425,652
71$24,582,958$3,534,999$1,609,348$11,284,521
72$26,991,679$3,609,473$1,564,520$12,227,199
73$29,642,979$3,684,486$1,515,081$13,262,213
74$32,561,503$3,759,966$1,460,777$14,398,965
75$35,774,408$3,835,836$1,401,344$15,647,819
76$39,311,615$3,912,009$1,336,506$17,020,199
77$43,206,096$3,988,394$1,265,976$18,528,699
78$47,494,182$4,064,890$1,189,450$20,187,200
79$52,215,907$4,141,387$1,106,615$22,011,008
80$57,415,382$4,217,769$1,017,140$24,016,991
81$63,141,219$4,293,907$920,681$26,223,744
82$69,446,978$4,369,664$816,880$28,651,764
83$76,391,684$4,444,891$705,359$31,323,647
84$84,040,375$4,519,430$585,728$34,264,298
85$92,464,720$4,593,109$457,576$37,501,169
86$101,743,693$4,665,743$320,477$41,064,521
87$111,964,320$4,737,134$173,983$44,987,710
88$123,222,498$4,807,071$17,629$49,307,501
89$135,623,902$4,875,326$0$54,064,418
90$149,284,979$4,941,656$0$59,350,897
91$164,334,050$5,005,801$0$65,177,531
92$180,912,519$5,067,481$0$71,593,107
93$199,176,209$5,126,401$0$78,657,615
94$219,296,830$5,182,242$0$86,437,166
95$241,463,600$5,234,665$0$95,004,615
96$265,885,033$5,283,310$0$104,440,253
97$292,790,905$5,327,791$0$114,832,561
98$322,434,423$5,367,698$0$126,279,049
99$355,094,613$5,402,594$0$138,887,174
100$391,078,956$5,432,014$0$152,775,361