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%19.9%
1 years$135,430$134,223$133,046$131,898$130,776$125,587
2 years$67,044$65,796$64,586$63,412$62,274$57,111
3 years$44,252$42,998$41,791$40,629$39,509$34,534
4 years$32,858$31,608$30,413$29,271$28,178$23,429
5 years$26,024$24,781$23,602$22,483$21,421$16,910
6 years$21,469$20,236$19,074$17,980$16,950$12,679
7 years$18,217$16,994$15,850$14,782$13,784$9,754
8 years$15,779$14,567$13,442$12,400$11,436$7,640
9 years$13,884$12,683$11,578$10,562$9,630$6,064
10 years$12,368$11,180$10,094$9,105$8,206$4,862
11 years$11,129$9,953$8,887$7,924$7,057$3,928
12 years$10,098$8,933$7,887$6,950$6,116$3,193
13 years$9,225$8,073$7,046$6,136$5,333$2,608
14 years$8,478$7,338$6,331$5,447$4,675$2,138
15 years$7,831$6,703$5,716$4,858$4,116$1,758
16 years$7,266$6,150$5,182$4,350$3,638$1,449
17 years$6,767$5,664$4,716$3,908$3,225$1,197
18 years$6,325$5,234$4,305$3,522$2,868$991
19 years$5,929$4,851$3,941$3,182$2,556$821
20 years$5,574$4,507$3,617$2,882$2,283$681
21 years$5,253$4,199$3,327$2,616$2,043$565
22 years$4,961$3,919$3,066$2,378$1,832$470
23 years$4,695$3,666$2,831$2,166$1,644$391
24 years$4,452$3,434$2,618$1,976$1,478$325
25 years$4,228$3,223$2,425$1,804$1,330$270
26 years$4,022$3,029$2,249$1,650$1,198$225
27 years$3,832$2,851$2,088$1,510$1,080$187
28 years$3,655$2,686$1,941$1,383$974$156
29 years$3,491$2,534$1,807$1,269$880$130
30 years$3,338$2,393$1,683$1,164$795$108
31 years$3,196$2,262$1,569$1,069$719$90
32 years$3,062$2,141$1,464$983$650$75
33 years$2,937$2,027$1,367$904$588$63
34 years$2,819$1,921$1,277$831$533$52
35 years$2,709$1,822$1,194$765$483$44
36 years$2,605$1,730$1,117$705$437$36
37 years$2,506$1,643$1,045$650$396$30
38 years$2,413$1,561$979$599$359$25
39 years$2,325$1,485$917$552$326$21
40 years$2,242$1,412$860$509$295$18
41 years$2,163$1,345$806$470$268$15
42 years$2,088$1,281$756$434$243$12
43 years$2,017$1,220$710$400$221$10
44 years$1,949$1,163$666$370$200$9
45 years$1,884$1,109$625$341$182$7
46 years$1,822$1,058$587$315$165$6
47 years$1,763$1,010$552$291$150$5
48 years$1,707$964$519$269$136$4
49 years$1,653$920$487$249$124$3
50 years$1,601$879$458$230$112$3

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 $6,384 every year, while hoping to spend $54,574 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: 38/35/27 Blend
40$1,640,000$1,640,000$1,640,000$1,640,000
41$1,813,865$1,726,945$1,701,525$1,867,996
42$1,940,813$1,753,499$1,700,460$1,934,809
43$2,078,881$1,779,525$1,697,530$2,001,482
44$2,229,144$1,804,940$1,692,615$2,072,489
45$2,392,789$1,829,654$1,685,589$2,148,256
46$2,571,117$1,853,571$1,676,321$2,229,259
47$2,765,565$1,876,590$1,664,671$2,316,020
48$2,977,711$1,898,600$1,650,496$2,409,123
49$3,209,292$1,919,486$1,633,642$2,509,208
50$3,462,221$1,939,123$1,613,951$2,616,987
51$3,738,606$1,957,378$1,591,256$2,733,248
52$4,040,763$1,974,109$1,565,383$2,858,860
53$4,371,247$1,989,166$1,536,149$2,994,785
54$4,732,867$2,002,388$1,503,363$3,142,090
55$5,128,718$2,013,604$1,466,824$3,301,951
56$5,562,209$2,022,633$1,426,325$3,475,671
57$6,037,093$2,029,280$1,381,645$3,664,690
58$6,557,502$2,033,340$1,332,555$3,870,598
59$7,127,988$2,034,595$1,278,817$4,095,156
60$7,753,565$2,032,812$1,220,180$4,340,307
61$8,439,755$2,027,746$1,156,382$4,608,200
62$9,192,638$2,019,134$1,087,149$4,901,211
63$10,018,915$2,006,699$1,012,196$5,221,963
64$10,925,963$1,990,147$931,224$5,573,354
65$11,921,912$1,969,164$843,920$5,958,587
66$13,015,715$1,943,421$749,959$6,381,200
67$14,217,235$1,912,566$649,000$6,845,098
68$15,537,339$1,876,228$540,688$7,354,597
69$16,987,997$1,834,012$424,650$7,914,461
70$18,582,396$1,785,502$300,499$8,529,952
71$20,335,065$1,730,256$167,830$9,206,879
72$22,262,010$1,667,807$26,221$9,951,655
73$24,380,865$1,597,660$0$10,771,360
74$26,711,060$1,519,292$0$11,709,794
75$29,274,000$1,432,149$0$12,750,000
76$32,093,270$1,335,647$0$13,894,076
77$35,194,856$1,229,165$0$15,152,678
78$38,607,387$1,112,050$0$16,537,551
79$42,362,410$983,610$0$18,061,652
80$46,494,683$843,114$0$19,739,266
81$51,042,504$689,790$0$21,586,146
82$56,048,072$522,823$0$23,619,663
83$61,557,884$341,349$0$25,858,969
84$67,623,173$144,460$0$28,325,186
85$74,300,392$0$0$31,041,597
86$81,651,748$0$0$34,060,379
87$89,745,782$0$0$37,445,675
88$98,658,022$0$0$41,173,472
89$108,471,693$0$0$45,278,618
90$119,278,501$0$0$49,799,510
91$131,179,499$0$0$54,778,460
92$144,286,038$0$0$60,262,095
93$158,720,820$0$0$66,301,792
94$174,619,055$0$0$72,954,166
95$192,129,733$0$0$80,281,605
96$211,417,037$0$0$88,352,855
97$232,661,882$0$0$97,243,672
98$256,063,632$0$0$107,037,535
99$281,841,972$0$0$117,826,435
100$310,238,989$0$0$129,711,742