Can I retire at age 41 with 1,660,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$137,081$135,860$134,669$133,506$132,371$128,031
2 years$67,862$66,598$65,373$64,186$63,034$58,703
3 years$44,792$43,523$42,301$41,124$39,991$35,805
4 years$33,259$31,994$30,784$29,628$28,522$24,513
5 years$26,341$25,083$23,890$22,757$21,682$17,861
6 years$21,731$20,483$19,306$18,199$17,156$13,526
7 years$18,439$17,201$16,044$14,962$13,953$10,512
8 years$15,971$14,745$13,606$12,552$11,575$8,323
9 years$14,053$12,838$11,719$10,691$9,748$6,679
10 years$12,519$11,316$10,217$9,216$8,306$5,416
11 years$11,265$10,074$8,995$8,021$7,143$4,428
12 years$10,221$9,042$7,983$7,035$6,190$3,642
13 years$9,338$8,171$7,132$6,211$5,398$3,012
14 years$8,582$7,427$6,408$5,513$4,732$2,500
15 years$7,927$6,785$5,786$4,917$4,166$2,083
16 years$7,354$6,225$5,246$4,403$3,682$1,740
17 years$6,850$5,733$4,773$3,956$3,265$1,456
18 years$6,402$5,298$4,357$3,565$2,903$1,221
19 years$6,002$4,910$3,989$3,221$2,587$1,026
20 years$5,642$4,562$3,661$2,917$2,311$863
21 years$5,317$4,250$3,367$2,648$2,068$726
22 years$5,021$3,967$3,104$2,407$1,854$612
23 years$4,752$3,710$2,866$2,192$1,664$516
24 years$4,506$3,476$2,650$2,000$1,496$436
25 years$4,280$3,262$2,455$1,826$1,346$368
26 years$4,071$3,066$2,276$1,670$1,212$311
27 years$3,878$2,885$2,114$1,528$1,093$263
28 years$3,700$2,719$1,965$1,400$986$222
29 years$3,534$2,565$1,829$1,284$891$188
30 years$3,379$2,422$1,703$1,179$805$159
31 years$3,235$2,290$1,588$1,082$728$134
32 years$3,099$2,167$1,482$995$658$114
33 years$2,973$2,052$1,383$915$596$96
34 years$2,854$1,945$1,293$842$539$81
35 years$2,742$1,845$1,208$775$488$69
36 years$2,636$1,751$1,131$714$443$58
37 years$2,537$1,663$1,058$657$401$49
38 years$2,443$1,580$991$606$364$42
39 years$2,354$1,503$928$559$330$35
40 years$2,269$1,430$870$515$299$30
41 years$2,189$1,361$816$475$271$25
42 years$2,113$1,296$765$439$246$21
43 years$2,041$1,235$718$405$223$18
44 years$1,972$1,177$674$374$203$15
45 years$1,907$1,123$633$345$184$13
46 years$1,844$1,071$595$319$167$11
47 years$1,785$1,022$559$295$152$9
48 years$1,727$976$525$272$138$8
49 years$1,673$932$493$252$125$7
50 years$1,621$890$464$233$114$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,660,000, adding $5,670 every year, while hoping to spend $23,388 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: 69/23/8 Blend
40$1,660,000$1,660,000$1,660,000$1,660,000
41$1,835,169$1,747,189$1,721,459$1,958,807
42$1,997,471$1,807,916$1,754,243$2,102,172
43$2,175,545$1,870,836$1,787,341$2,255,559
44$2,370,973$1,936,029$1,820,740$2,422,718
45$2,585,501$2,003,584$1,854,424$2,604,995
46$2,821,051$2,073,588$1,888,376$2,803,872
47$3,079,739$2,146,135$1,922,578$3,020,980
48$3,363,899$2,221,321$1,957,010$3,258,113
49$3,676,098$2,299,248$1,991,651$3,517,248
50$4,019,168$2,380,019$2,026,479$3,800,561
51$4,396,226$2,463,743$2,061,469$4,110,446
52$4,810,708$2,550,533$2,096,596$4,449,541
53$5,266,398$2,640,507$2,131,830$4,820,750
54$5,767,466$2,733,787$2,167,141$5,227,271
55$6,318,506$2,830,501$2,202,499$5,672,624
56$6,924,578$2,930,781$2,237,867$6,160,687
57$7,591,260$3,034,764$2,273,211$6,695,731
58$8,324,696$3,142,594$2,308,490$7,282,459
59$9,131,654$3,254,420$2,343,664$7,926,051
60$10,019,594$3,370,398$2,378,688$8,632,212
61$10,996,734$3,490,689$2,413,515$9,407,227
62$12,072,129$3,615,461$2,448,096$10,258,018
63$13,255,756$3,744,889$2,482,378$11,192,210
64$14,558,611$3,879,156$2,516,305$12,218,200
65$15,992,805$4,018,451$2,549,817$13,345,243
66$17,571,688$4,162,972$2,582,853$14,583,528
67$19,309,967$4,312,924$2,615,345$15,944,285
68$21,223,848$4,468,522$2,647,223$17,439,883
69$23,331,190$4,629,988$2,678,414$19,083,947
70$25,651,669$4,797,555$2,708,839$20,891,490
71$28,206,969$4,971,466$2,738,415$22,879,051
72$31,020,983$5,151,970$2,767,055$25,064,852
73$34,120,039$5,339,332$2,794,667$27,468,967
74$37,533,148$5,533,825$2,821,154$30,113,515
75$41,292,280$5,735,733$2,846,413$33,022,865
76$45,432,661$5,945,353$2,870,337$36,223,866
77$49,993,112$6,162,995$2,892,812$39,746,099
78$55,016,408$6,388,979$2,913,720$43,622,161
79$60,549,685$6,623,644$2,932,933$47,887,962
80$66,644,888$6,867,337$2,950,321$52,583,074
81$73,359,254$7,120,424$2,965,744$57,751,096
82$80,755,858$7,383,284$2,979,057$63,440,068
83$88,904,205$7,656,315$2,990,105$69,702,924
84$97,880,888$7,939,928$2,998,727$76,597,991
85$107,770,308$8,234,555$3,004,755$84,189,535
86$118,665,476$8,540,644$3,008,010$92,548,372
87$130,668,882$8,858,663$3,008,306$101,752,534
88$143,893,470$9,189,100$3,005,447$111,888,001
89$158,463,702$9,532,465$2,999,228$123,049,519
90$174,516,731$9,889,286$2,989,432$135,341,485
91$192,203,694$10,260,118$2,975,835$148,878,938
92$211,691,146$10,645,538$2,958,200$163,788,640
93$233,162,621$11,046,148$2,936,279$180,210,275
94$256,820,375$11,462,576$2,909,810$198,297,763
95$282,887,287$11,895,476$2,878,523$218,220,712
96$311,608,968$12,345,532$2,842,131$240,166,022
97$343,256,077$12,813,458$2,800,337$264,339,644
98$378,126,875$13,299,995$2,752,827$290,968,525
99$416,550,043$13,805,922$2,699,273$320,302,746
100$458,887,783$14,332,047$2,639,334$352,617,886