Can I retire at age 41 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$142,036$140,771$139,536$138,332$137,155$134,441
2 years$70,315$69,005$67,736$66,506$65,312$62,589
3 years$46,411$45,096$43,830$42,611$41,437$38,790
4 years$34,461$33,150$31,897$30,699$29,553$27,002
5 years$27,293$25,990$24,753$23,580$22,466$20,019
6 years$22,516$21,223$20,004$18,857$17,776$15,436
7 years$19,106$17,823$16,624$15,503$14,457$12,223
8 years$16,549$15,278$14,098$13,005$11,993$9,866
9 years$14,561$13,302$12,143$11,078$10,100$8,078
10 years$12,972$11,725$10,586$9,549$8,606$6,686
11 years$11,672$10,438$9,320$8,310$7,401$5,583
12 years$10,590$9,369$8,271$7,289$6,414$4,693
13 years$9,675$8,466$7,390$6,435$5,593$3,967
14 years$8,892$7,696$6,640$5,713$4,903$3,369
15 years$8,213$7,030$5,995$5,095$4,317$2,872
16 years$7,620$6,450$5,435$4,562$3,815$2,456
17 years$7,098$5,940$4,946$4,099$3,383$2,106
18 years$6,633$5,489$4,515$3,694$3,008$1,810
19 years$6,219$5,087$4,133$3,338$2,681$1,558
20 years$5,846$4,727$3,793$3,023$2,395$1,344
21 years$5,509$4,403$3,489$2,743$2,143$1,160
22 years$5,203$4,110$3,216$2,494$1,921$1,003
23 years$4,924$3,844$2,969$2,272$1,724$868
24 years$4,669$3,602$2,746$2,072$1,550$752
25 years$4,434$3,380$2,543$1,892$1,395$652
26 years$4,218$3,177$2,359$1,730$1,256$566
27 years$4,019$2,990$2,190$1,584$1,133$491
28 years$3,834$2,817$2,036$1,451$1,022$426
29 years$3,661$2,658$1,895$1,331$923$370
30 years$3,501$2,510$1,765$1,221$834$322
31 years$3,352$2,373$1,645$1,121$754$280
32 years$3,212$2,245$1,535$1,031$682$243
33 years$3,080$2,126$1,433$948$617$211
34 years$2,957$2,015$1,339$872$559$184
35 years$2,841$1,911$1,252$803$506$160
36 years$2,732$1,814$1,171$739$459$139
37 years$2,629$1,723$1,096$681$416$121
38 years$2,531$1,637$1,027$628$377$106
39 years$2,439$1,557$962$579$342$92
40 years$2,352$1,481$902$534$310$80
41 years$2,269$1,410$845$493$281$70
42 years$2,190$1,343$793$455$255$61
43 years$2,115$1,280$744$420$232$53
44 years$2,044$1,220$699$388$210$46
45 years$1,976$1,163$656$358$191$40
46 years$1,911$1,110$616$331$173$35
47 years$1,849$1,059$579$305$157$30
48 years$1,790$1,011$544$282$143$26
49 years$1,733$965$511$261$130$23
50 years$1,679$922$481$241$118$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,720,000, adding $3,601 every year, while hoping to spend $25,074 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: 46/46/8 Blend
40$1,720,000$1,720,000$1,720,000$1,720,000
41$1,899,154$1,807,994$1,781,334$1,982,162
42$2,066,190$1,869,908$1,814,331$2,101,632
43$2,249,422$1,934,014$1,847,592$2,228,260
44$2,450,477$2,000,395$1,881,100$2,365,044
45$2,671,146$2,069,135$1,914,837$2,512,929
46$2,913,401$2,140,320$1,948,782$2,672,955
47$3,179,414$2,214,042$1,982,913$2,846,267
48$3,471,579$2,290,395$2,017,205$3,034,121
49$3,792,533$2,369,477$2,051,635$3,237,899
50$4,145,180$2,451,390$2,086,173$3,459,120
51$4,532,720$2,536,240$2,120,791$3,699,455
52$4,958,679$2,624,137$2,155,459$3,960,742
53$5,426,939$2,715,194$2,190,141$4,245,001
54$5,941,779$2,809,531$2,224,804$4,554,457
55$6,507,914$2,907,272$2,259,408$4,891,555
56$7,130,537$3,008,544$2,293,914$5,258,986
57$7,815,370$3,113,481$2,328,278$5,659,713
58$8,568,718$3,222,222$2,362,456$6,096,994
59$9,397,527$3,334,910$2,396,398$6,574,417
60$10,309,451$3,451,697$2,430,054$7,095,929
61$11,312,923$3,572,738$2,463,368$7,665,876
62$12,417,233$3,698,195$2,496,283$8,289,042
63$13,632,621$3,828,236$2,528,739$8,970,693
64$14,970,366$3,963,038$2,560,670$9,716,626
65$16,442,899$4,102,782$2,592,007$10,533,226
66$18,063,915$4,247,659$2,622,680$11,427,520
67$19,848,506$4,397,865$2,652,611$12,407,248
68$21,813,300$4,553,607$2,681,721$13,480,931
69$23,976,622$4,715,099$2,709,923$14,657,955
70$26,358,660$4,882,561$2,737,128$15,948,655
71$28,981,663$5,056,227$2,763,242$17,364,412
72$31,870,148$5,236,337$2,788,165$18,917,763
73$35,051,126$5,423,141$2,811,792$20,622,512
74$38,554,367$5,616,900$2,834,013$22,493,867
75$42,412,671$5,817,887$2,854,711$24,548,578
76$46,662,183$6,026,383$2,873,764$26,805,092
77$51,342,733$6,242,684$2,891,042$29,283,733
78$56,498,211$6,467,095$2,906,412$32,006,885
79$62,176,982$6,699,935$2,919,729$34,999,209
80$68,432,339$6,941,537$2,930,845$38,287,867
81$75,323,012$7,192,247$2,939,603$41,902,786
82$82,913,717$7,452,424$2,945,837$45,876,930
83$91,275,768$7,722,445$2,949,374$50,246,619
84$100,487,751$8,002,699$2,950,033$55,051,862
85$110,636,264$8,293,595$2,947,622$60,336,739
86$121,816,737$8,595,555$2,941,942$66,149,812
87$134,134,329$8,909,022$2,932,781$72,544,586
88$147,704,922$9,234,455$2,919,921$79,580,008
89$162,656,216$9,572,335$2,903,130$87,321,022
90$179,128,932$9,923,161$2,882,167$95,839,186
91$197,278,140$10,287,454$2,856,777$105,213,338
92$217,274,727$10,665,756$2,826,695$115,530,344
93$239,307,003$11,058,632$2,791,644$126,885,912
94$263,582,485$11,466,672$2,751,331$139,385,496
95$290,329,850$11,890,491$2,705,453$153,145,291
96$319,801,098$12,330,728$2,653,688$168,293,322
97$352,273,928$12,788,051$2,595,704$184,970,655
98$388,054,359$13,263,157$2,531,151$203,332,725
99$427,479,622$13,756,769$2,459,663$223,550,801
100$470,921,339$14,269,647$2,380,857$245,813,599