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%17.7%
1 years$135,430$134,223$133,046$131,898$130,776$126,691
2 years$67,044$65,796$64,586$63,412$62,274$58,195
3 years$44,252$42,998$41,791$40,629$39,509$35,564
4 years$32,858$31,608$30,413$29,271$28,178$24,397
5 years$26,024$24,781$23,602$22,483$21,421$17,814
6 years$21,469$20,236$19,074$17,980$16,950$13,520
7 years$18,217$16,994$15,850$14,782$13,784$10,532
8 years$15,779$14,567$13,442$12,400$11,436$8,358
9 years$13,884$12,683$11,578$10,562$9,630$6,724
10 years$12,368$11,180$10,094$9,105$8,206$5,466
11 years$11,129$9,953$8,887$7,924$7,057$4,480
12 years$10,098$8,933$7,887$6,950$6,116$3,695
13 years$9,225$8,073$7,046$6,136$5,333$3,064
14 years$8,478$7,338$6,331$5,447$4,675$2,551
15 years$7,831$6,703$5,716$4,858$4,116$2,131
16 years$7,266$6,150$5,182$4,350$3,638$1,785
17 years$6,767$5,664$4,716$3,908$3,225$1,498
18 years$6,325$5,234$4,305$3,522$2,868$1,260
19 years$5,929$4,851$3,941$3,182$2,556$1,062
20 years$5,574$4,507$3,617$2,882$2,283$896
21 years$5,253$4,199$3,327$2,616$2,043$757
22 years$4,961$3,919$3,066$2,378$1,832$640
23 years$4,695$3,666$2,831$2,166$1,644$541
24 years$4,452$3,434$2,618$1,976$1,478$458
25 years$4,228$3,223$2,425$1,804$1,330$388
26 years$4,022$3,029$2,249$1,650$1,198$329
27 years$3,832$2,851$2,088$1,510$1,080$279
28 years$3,655$2,686$1,941$1,383$974$236
29 years$3,491$2,534$1,807$1,269$880$200
30 years$3,338$2,393$1,683$1,164$795$170
31 years$3,196$2,262$1,569$1,069$719$144
32 years$3,062$2,141$1,464$983$650$123
33 years$2,937$2,027$1,367$904$588$104
34 years$2,819$1,921$1,277$831$533$88
35 years$2,709$1,822$1,194$765$483$75
36 years$2,605$1,730$1,117$705$437$64
37 years$2,506$1,643$1,045$650$396$54
38 years$2,413$1,561$979$599$359$46
39 years$2,325$1,485$917$552$326$39
40 years$2,242$1,412$860$509$295$33
41 years$2,163$1,345$806$470$268$28
42 years$2,088$1,281$756$434$243$24
43 years$2,017$1,220$710$400$221$20
44 years$1,949$1,163$666$370$200$17
45 years$1,884$1,109$625$341$182$15
46 years$1,822$1,058$587$315$165$12
47 years$1,763$1,010$552$291$150$11
48 years$1,707$964$519$269$136$9
49 years$1,653$920$487$249$124$8
50 years$1,601$879$458$230$112$6

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 $6,114 every year, while hoping to spend $26,959 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: 73/19/8 Blend
40$1,640,000$1,640,000$1,640,000$1,640,000
41$1,813,587$1,726,667$1,701,247$1,943,214
42$1,969,888$1,782,589$1,729,554$2,085,463
43$2,141,229$1,840,348$1,757,907$2,237,235
44$2,329,115$1,900,006$1,786,277$2,402,698
45$2,535,203$1,961,625$1,814,636$2,583,197
46$2,761,321$2,025,272$1,842,953$2,780,212
47$3,009,481$2,091,014$1,871,197$2,995,373
48$3,281,897$2,158,923$1,899,331$3,230,473
49$3,581,011$2,229,071$1,927,319$3,487,488
50$3,909,512$2,301,534$1,955,123$3,768,593
51$4,270,363$2,376,389$1,982,700$4,076,182
52$4,666,826$2,453,718$2,010,006$4,412,894
53$5,102,496$2,533,604$2,036,995$4,781,633
54$5,581,333$2,616,134$2,063,617$5,185,599
55$6,107,701$2,701,396$2,089,820$5,628,314
56$6,686,406$2,789,484$2,115,549$6,113,660
57$7,322,744$2,880,494$2,140,744$6,645,911
58$8,022,550$2,974,524$2,165,345$7,229,777
59$8,792,252$3,071,677$2,189,286$7,870,443
60$9,638,933$3,172,061$2,212,498$8,573,622
61$10,570,396$3,275,784$2,234,909$9,345,610
62$11,595,240$3,382,960$2,256,442$10,193,338
63$12,722,937$3,493,708$2,277,016$11,124,445
64$13,963,927$3,608,150$2,296,546$12,147,346
65$15,329,710$3,726,412$2,314,942$13,271,310
66$16,832,959$3,848,625$2,332,112$14,506,550
67$18,487,637$3,974,924$2,347,954$15,864,320
68$20,309,131$4,105,449$2,362,365$17,357,015
69$22,314,393$4,240,347$2,375,235$18,998,294
70$24,522,104$4,379,768$2,386,449$20,803,205
71$26,952,849$4,523,866$2,395,885$22,788,328
72$29,629,309$4,672,805$2,403,416$24,971,933
73$32,576,476$4,826,750$2,408,908$27,374,146
74$35,821,892$4,985,876$2,412,222$30,017,146
75$39,395,902$5,150,361$2,413,208$32,925,371
76$43,331,947$5,320,392$2,411,714$36,125,744
77$47,666,875$5,496,160$2,407,575$39,647,934
78$52,441,290$5,677,866$2,400,623$43,524,632
79$57,699,935$5,865,715$2,390,678$47,791,859
80$63,492,117$6,059,923$2,377,553$52,489,306
81$69,872,164$6,260,711$2,361,053$57,660,707
82$76,899,948$6,468,309$2,340,971$63,354,256
83$84,641,441$6,682,955$2,317,092$69,623,054
84$93,169,344$6,904,896$2,289,191$76,525,618
85$102,563,770$7,134,388$2,257,031$84,126,426
86$112,912,998$7,371,696$2,220,366$92,496,529
87$124,314,311$7,617,096$2,178,935$101,714,220
88$136,874,909$7,870,873$2,132,468$111,865,773
89$150,712,925$8,133,321$2,080,681$123,046,256
90$165,958,538$8,404,748$2,023,278$135,360,429
91$182,755,199$8,685,471$1,959,948$148,923,732
92$201,260,990$8,975,820$1,890,367$163,863,374
93$221,650,111$9,276,136$1,814,195$180,319,533
94$244,114,529$9,586,772$1,731,076$198,446,678
95$268,865,784$9,908,098$1,640,641$218,415,031
96$296,136,992$10,240,492$1,542,500$240,412,167
97$326,185,041$10,584,352$1,436,249$264,644,787
98$359,293,016$10,940,086$1,321,465$291,340,669
99$395,772,873$11,308,119$1,197,703$320,750,819
100$435,968,382$11,688,894$1,064,502$353,151,835