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%11.5%
1 years$142,036$140,771$139,536$138,332$137,155$136,291
2 years$70,315$69,005$67,736$66,506$65,312$64,440
3 years$46,411$45,096$43,830$42,611$41,437$40,584
4 years$34,461$33,150$31,897$30,699$29,553$28,727
5 years$27,293$25,990$24,753$23,580$22,466$21,668
6 years$22,516$21,223$20,004$18,857$17,776$17,008
7 years$19,106$17,823$16,624$15,503$14,457$13,718
8 years$16,549$15,278$14,098$13,005$11,993$11,285
9 years$14,561$13,302$12,143$11,078$10,100$9,421
10 years$12,972$11,725$10,586$9,549$8,606$7,956
11 years$11,672$10,438$9,320$8,310$7,401$6,781
12 years$10,590$9,369$8,271$7,289$6,414$5,822
13 years$9,675$8,466$7,390$6,435$5,593$5,028
14 years$8,892$7,696$6,640$5,713$4,903$4,365
15 years$8,213$7,030$5,995$5,095$4,317$3,806
16 years$7,620$6,450$5,435$4,562$3,815$3,330
17 years$7,098$5,940$4,946$4,099$3,383$2,922
18 years$6,633$5,489$4,515$3,694$3,008$2,572
19 years$6,219$5,087$4,133$3,338$2,681$2,268
20 years$5,846$4,727$3,793$3,023$2,395$2,004
21 years$5,509$4,403$3,489$2,743$2,143$1,774
22 years$5,203$4,110$3,216$2,494$1,921$1,573
23 years$4,924$3,844$2,969$2,272$1,724$1,396
24 years$4,669$3,602$2,746$2,072$1,550$1,241
25 years$4,434$3,380$2,543$1,892$1,395$1,104
26 years$4,218$3,177$2,359$1,730$1,256$983
27 years$4,019$2,990$2,190$1,584$1,133$876
28 years$3,834$2,817$2,036$1,451$1,022$781
29 years$3,661$2,658$1,895$1,331$923$697
30 years$3,501$2,510$1,765$1,221$834$622
31 years$3,352$2,373$1,645$1,121$754$556
32 years$3,212$2,245$1,535$1,031$682$496
33 years$3,080$2,126$1,433$948$617$444
34 years$2,957$2,015$1,339$872$559$397
35 years$2,841$1,911$1,252$803$506$355
36 years$2,732$1,814$1,171$739$459$318
37 years$2,629$1,723$1,096$681$416$284
38 years$2,531$1,637$1,027$628$377$255
39 years$2,439$1,557$962$579$342$228
40 years$2,352$1,481$902$534$310$204
41 years$2,269$1,410$845$493$281$183
42 years$2,190$1,343$793$455$255$164
43 years$2,115$1,280$744$420$232$147
44 years$2,044$1,220$699$388$210$131
45 years$1,976$1,163$656$358$191$118
46 years$1,911$1,110$616$331$173$106
47 years$1,849$1,059$579$305$157$95
48 years$1,790$1,011$544$282$143$85
49 years$1,733$965$511$261$130$76
50 years$1,679$922$481$241$118$68

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 $3,227 every year, while hoping to spend $56,413 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: 59/31/10 Blend
40$1,720,000$1,720,000$1,720,000$1,720,000
41$1,898,769$1,807,609$1,780,949$2,006,157
42$2,032,420$1,836,158$1,780,587$2,107,288
43$2,177,813$1,864,217$1,778,323$2,210,859
44$2,336,086$1,891,699$1,774,033$2,322,412
45$2,508,491$1,918,517$1,767,588$2,442,719
46$2,696,406$1,944,573$1,758,851$2,572,632
47$2,901,349$1,969,766$1,747,681$2,713,088
48$3,124,987$1,993,985$1,733,929$2,865,121
49$3,369,159$2,017,114$1,717,440$3,029,873
50$3,635,888$2,039,027$1,698,048$3,208,602
51$3,927,400$2,059,591$1,675,584$3,402,693
52$4,246,146$2,078,662$1,649,867$3,613,676
53$4,594,826$2,096,090$1,620,711$3,843,238
54$4,976,412$2,111,712$1,587,919$4,093,238
55$5,394,177$2,125,357$1,551,285$4,365,728
56$5,851,725$2,136,841$1,510,595$4,662,968
57$6,353,023$2,145,968$1,465,622$4,987,452
58$6,902,443$2,152,532$1,416,132$5,341,930
59$7,504,798$2,156,313$1,361,878$5,729,436
60$8,165,390$2,157,075$1,302,604$6,153,314
61$8,890,059$2,154,570$1,238,040$6,617,252
62$9,685,235$2,148,534$1,167,905$7,125,317
63$10,558,003$2,138,687$1,091,904$7,681,993
64$11,516,168$2,124,730$1,009,731$8,292,227
65$12,568,324$2,106,350$921,064$8,961,472
66$13,723,942$2,083,210$825,569$9,695,741
67$14,993,453$2,054,956$722,894$10,501,665
68$16,388,349$2,021,212$612,674$11,386,557
69$17,921,289$1,981,580$494,527$12,358,479
70$19,606,221$1,935,638$368,054$13,426,321
71$21,458,510$1,882,939$232,839$14,599,885
72$23,495,085$1,823,010$88,446$15,889,980
73$25,734,597$1,755,350$0$17,308,523
74$28,197,593$1,679,430$0$18,875,657
75$30,906,715$1,594,689$0$20,609,391
76$33,886,905$1,500,534$0$22,516,303
77$37,165,648$1,396,339$0$24,614,059
78$40,773,224$1,281,439$0$26,922,131
79$44,742,998$1,155,135$0$29,461,983
80$49,111,732$1,016,685$0$32,257,278
81$53,919,934$865,308$0$35,334,097
82$59,212,234$700,175$0$38,721,189
83$65,037,812$520,413$0$42,450,245
84$71,450,855$325,100$0$46,556,198
85$78,511,074$113,261$0$51,077,551
86$86,284,259$0$0$56,056,748
87$94,842,909$0$0$61,580,186
88$104,266,908$0$0$67,704,811
89$114,644,280$0$0$74,449,216
90$126,072,021$0$0$81,876,463
91$138,657,014$0$0$90,056,043
92$152,517,034$0$0$99,064,528
93$167,781,862$0$0$108,986,295
94$184,594,507$0$0$119,914,324
95$203,112,557$0$0$131,951,072
96$223,509,665$0$0$145,209,441
97$245,977,186$0$0$159,813,843
98$270,725,984$0$0$175,901,376
99$297,988,422$0$0$193,623,111
100$328,020,553$0$0$213,145,528