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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$142,036$140,771$139,536$138,332$137,155$134,386
2 years$70,315$69,005$67,736$66,506$65,312$62,534
3 years$46,411$45,096$43,830$42,611$41,437$38,737
4 years$34,461$33,150$31,897$30,699$29,553$26,952
5 years$27,293$25,990$24,753$23,580$22,466$19,971
6 years$22,516$21,223$20,004$18,857$17,776$15,391
7 years$19,106$17,823$16,624$15,503$14,457$12,181
8 years$16,549$15,278$14,098$13,005$11,993$9,826
9 years$14,561$13,302$12,143$11,078$10,100$8,040
10 years$12,972$11,725$10,586$9,549$8,606$6,651
11 years$11,672$10,438$9,320$8,310$7,401$5,550
12 years$10,590$9,369$8,271$7,289$6,414$4,662
13 years$9,675$8,466$7,390$6,435$5,593$3,939
14 years$8,892$7,696$6,640$5,713$4,903$3,343
15 years$8,213$7,030$5,995$5,095$4,317$2,848
16 years$7,620$6,450$5,435$4,562$3,815$2,434
17 years$7,098$5,940$4,946$4,099$3,383$2,085
18 years$6,633$5,489$4,515$3,694$3,008$1,791
19 years$6,219$5,087$4,133$3,338$2,681$1,540
20 years$5,846$4,727$3,793$3,023$2,395$1,327
21 years$5,509$4,403$3,489$2,743$2,143$1,145
22 years$5,203$4,110$3,216$2,494$1,921$990
23 years$4,924$3,844$2,969$2,272$1,724$856
24 years$4,669$3,602$2,746$2,072$1,550$741
25 years$4,434$3,380$2,543$1,892$1,395$642
26 years$4,218$3,177$2,359$1,730$1,256$556
27 years$4,019$2,990$2,190$1,584$1,133$482
28 years$3,834$2,817$2,036$1,451$1,022$418
29 years$3,661$2,658$1,895$1,331$923$363
30 years$3,501$2,510$1,765$1,221$834$315
31 years$3,352$2,373$1,645$1,121$754$274
32 years$3,212$2,245$1,535$1,031$682$238
33 years$3,080$2,126$1,433$948$617$207
34 years$2,957$2,015$1,339$872$559$180
35 years$2,841$1,911$1,252$803$506$156
36 years$2,732$1,814$1,171$739$459$136
37 years$2,629$1,723$1,096$681$416$118
38 years$2,531$1,637$1,027$628$377$103
39 years$2,439$1,557$962$579$342$89
40 years$2,352$1,481$902$534$310$78
41 years$2,269$1,410$845$493$281$68
42 years$2,190$1,343$793$455$255$59
43 years$2,115$1,280$744$420$232$51
44 years$2,044$1,220$699$388$210$45
45 years$1,976$1,163$656$358$191$39
46 years$1,911$1,110$616$331$173$34
47 years$1,849$1,059$579$305$157$29
48 years$1,790$1,011$544$282$143$26
49 years$1,733$965$511$261$130$22
50 years$1,679$922$481$241$118$19

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 $6,699 every year, while hoping to spend $27,145 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: 34/50/16 Blend
40$1,720,000$1,720,000$1,720,000$1,720,000
41$1,902,350$1,811,190$1,784,530$1,957,386
42$2,067,508$1,871,056$1,815,430$2,058,086
43$2,248,602$1,932,946$1,846,455$2,163,589
44$2,447,229$1,996,930$1,877,581$2,276,778
45$2,665,148$2,063,082$1,908,781$2,398,346
46$2,904,296$2,131,476$1,940,029$2,529,054
47$3,166,807$2,202,191$1,971,293$2,669,738
48$3,455,033$2,275,309$2,002,542$2,821,317
49$3,771,561$2,350,915$2,033,742$2,984,799
50$4,119,245$2,429,094$2,064,857$3,161,292
51$4,501,226$2,509,938$2,095,849$3,352,016
52$4,920,967$2,593,541$2,126,675$3,558,309
53$5,382,281$2,680,000$2,157,294$3,781,645
54$5,889,370$2,769,416$2,187,659$4,023,643
55$6,446,861$2,861,893$2,217,722$4,286,085
56$7,059,855$2,957,540$2,247,429$4,570,929
57$7,733,970$3,056,469$2,276,728$4,880,330
58$8,475,396$3,158,797$2,305,559$5,216,659
59$9,290,953$3,264,644$2,333,862$5,582,526
60$10,188,155$3,374,137$2,361,572$5,980,800
61$11,175,282$3,487,405$2,388,620$6,414,641
62$12,261,456$3,604,583$2,414,934$6,887,526
63$13,456,728$3,725,811$2,440,437$7,403,281
64$14,772,173$3,851,234$2,465,051$7,966,119
65$16,219,993$3,981,004$2,488,688$8,580,677
66$17,813,634$4,115,275$2,511,261$9,252,060
67$19,567,912$4,254,210$2,532,675$9,985,889
68$21,499,150$4,397,977$2,552,831$10,788,352
69$23,625,337$4,546,752$2,571,625$11,666,263
70$25,966,293$4,700,715$2,588,946$12,627,126
71$28,543,859$4,860,053$2,604,679$13,679,203
72$31,382,100$5,024,963$2,618,703$14,831,593
73$34,507,534$5,195,647$2,630,890$16,094,319
74$37,949,384$5,372,314$2,641,106$17,478,416
75$41,739,847$5,555,184$2,649,210$18,996,041
76$45,914,406$5,744,483$2,655,053$20,660,581
77$50,512,159$5,940,446$2,658,480$22,486,785
78$55,576,189$6,143,317$2,659,329$24,490,896
79$61,153,971$6,353,350$2,657,427$26,690,807
80$67,297,820$6,570,809$2,652,596$29,106,227
81$74,065,386$6,795,967$2,644,646$31,758,871
82$81,520,194$7,029,108$2,633,380$34,672,654
83$89,732,247$7,270,527$2,618,591$37,873,928
84$98,778,685$7,520,531$2,600,062$41,391,720
85$108,744,512$7,779,439$2,577,566$45,258,009
86$119,723,401$8,047,580$2,550,863$49,508,027
87$131,818,576$8,325,300$2,519,705$54,180,588
88$145,143,785$8,612,954$2,483,830$59,318,457
89$159,824,377$8,910,914$2,442,963$64,968,748
90$175,998,480$9,219,566$2,396,820$71,183,371
91$193,818,311$9,539,311$2,345,099$78,019,519
92$213,451,606$9,870,564$2,287,487$85,540,206
93$235,083,208$10,213,760$2,223,656$93,814,862
94$258,916,808$10,569,347$2,153,262$102,919,987
95$285,176,872$10,937,795$2,075,946$112,939,868
96$314,110,755$11,319,588$1,991,331$123,967,378
97$345,991,038$11,715,234$1,899,027$136,104,848
98$381,118,100$12,125,257$1,798,621$149,465,033
99$419,822,957$12,550,205$1,689,685$164,172,174
100$462,470,379$12,990,646$1,571,770$180,363,166