Can I retire at age 41 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$143,688$142,408$141,159$139,940$138,750$137,473
2 years$71,132$69,808$68,524$67,279$66,071$64,785
3 years$46,951$45,620$44,339$43,106$41,918$40,662
4 years$34,862$33,536$32,268$31,056$29,897$28,680
5 years$27,611$26,292$25,041$23,854$22,727$21,554
6 years$22,778$21,470$20,237$19,076$17,983$16,855
7 years$19,328$18,030$16,817$15,683$14,625$13,542
8 years$16,741$15,455$14,262$13,156$12,133$11,096
9 years$14,730$13,457$12,284$11,206$10,218$9,226
10 years$13,122$11,861$10,709$9,660$8,706$7,758
11 years$11,808$10,559$9,428$8,407$7,487$6,584
12 years$10,713$9,478$8,367$7,374$6,488$5,628
13 years$9,788$8,565$7,476$6,510$5,658$4,839
14 years$8,995$7,785$6,717$5,779$4,960$4,182
15 years$8,309$7,112$6,065$5,154$4,367$3,629
16 years$7,709$6,525$5,498$4,615$3,860$3,160
17 years$7,180$6,009$5,003$4,146$3,422$2,760
18 years$6,711$5,553$4,567$3,737$3,043$2,416
19 years$6,291$5,146$4,181$3,376$2,712$2,120
20 years$5,914$4,782$3,837$3,058$2,423$1,864
21 years$5,573$4,455$3,530$2,775$2,168$1,642
22 years$5,263$4,158$3,253$2,523$1,943$1,448
23 years$4,981$3,889$3,004$2,298$1,744$1,278
24 years$4,723$3,644$2,778$2,096$1,568$1,130
25 years$4,486$3,419$2,573$1,914$1,411$1,000
26 years$4,267$3,214$2,386$1,750$1,271$885
27 years$4,065$3,025$2,216$1,602$1,146$785
28 years$3,878$2,850$2,060$1,468$1,034$696
29 years$3,704$2,689$1,917$1,346$934$617
30 years$3,542$2,539$1,786$1,235$843$548
31 years$3,391$2,400$1,665$1,135$763$487
32 years$3,249$2,271$1,553$1,043$690$432
33 years$3,116$2,151$1,450$959$624$384
34 years$2,991$2,039$1,355$882$565$342
35 years$2,874$1,934$1,267$812$512$304
36 years$2,764$1,835$1,185$748$464$270
37 years$2,659$1,743$1,109$689$420$240
38 years$2,561$1,656$1,039$635$381$214
39 years$2,467$1,575$973$586$346$190
40 years$2,379$1,499$912$540$313$170
41 years$2,295$1,427$855$498$284$151
42 years$2,215$1,359$802$460$258$134
43 years$2,139$1,294$753$425$234$120
44 years$2,067$1,234$707$392$213$107
45 years$1,999$1,177$664$362$193$95
46 years$1,933$1,122$623$334$175$85
47 years$1,871$1,071$585$309$159$75
48 years$1,811$1,023$550$286$145$67
49 years$1,754$977$517$264$131$60
50 years$1,699$933$486$244$119$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,740,000, adding $3,047 every year, while hoping to spend $43,701 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$1,740,000$1,740,000$1,740,000$1,740,000
41$1,920,623$1,828,403$1,801,433$2,050,220
42$2,070,029$1,871,497$1,815,283$2,179,554
43$2,233,210$1,915,238$1,828,133$2,315,372
44$2,411,524$1,959,612$1,839,903$2,462,766
45$2,606,468$2,004,602$1,850,508$2,622,860
46$2,819,689$2,050,188$1,859,861$2,796,896
47$3,053,000$2,096,350$1,867,870$2,986,241
48$3,308,399$2,143,064$1,874,436$3,192,399
49$3,588,084$2,190,303$1,879,458$3,417,027
50$3,894,477$2,238,036$1,882,828$3,661,951
51$4,230,245$2,286,231$1,884,434$3,929,182
52$4,598,326$2,334,852$1,884,158$4,220,934
53$5,001,953$2,383,858$1,881,875$4,539,647
54$5,444,690$2,433,204$1,877,456$4,888,010
55$5,930,461$2,482,844$1,870,763$5,268,983
56$6,463,589$2,532,724$1,861,655$5,685,829
57$7,048,834$2,582,787$1,849,980$6,142,142
58$7,691,443$2,632,971$1,835,582$6,641,883
59$8,397,192$2,683,209$1,818,295$7,189,414
60$9,172,445$2,733,426$1,797,948$7,789,545
61$10,024,215$2,783,544$1,774,360$8,447,571
62$10,960,225$2,833,478$1,747,341$9,169,331
63$11,988,985$2,883,135$1,716,694$9,961,255
64$13,119,869$2,932,416$1,682,210$10,830,433
65$14,363,205$2,981,214$1,643,674$11,784,672
66$15,730,372$3,029,414$1,600,858$12,832,580
67$17,233,908$3,076,893$1,553,524$13,983,640
68$18,887,623$3,123,518$1,501,424$15,248,302
69$20,706,737$3,169,147$1,444,298$16,638,083
70$22,708,017$3,213,628$1,381,875$18,165,672
71$24,909,937$3,256,798$1,313,870$19,845,055
72$27,332,853$3,298,483$1,239,987$21,691,644
73$29,999,192$3,338,496$1,159,914$23,722,422
74$32,933,667$3,376,640$1,073,329$25,956,105
75$36,163,507$3,412,701$979,891$28,413,319
76$39,718,715$3,446,454$879,247$31,116,794
77$43,632,349$3,477,656$771,028$34,091,578
78$47,940,838$3,506,050$654,846$37,365,277
79$52,684,319$3,531,362$530,299$40,968,312
80$57,907,020$3,553,300$396,965$44,934,208
81$63,657,678$3,571,553$254,406$49,299,912
82$69,989,994$3,585,791$102,160$54,106,139
83$76,963,141$3,595,663$0$59,397,762
84$84,642,326$3,600,795$0$65,229,378
85$93,099,399$3,600,790$0$71,659,975
86$102,413,535$3,595,227$0$78,740,925
87$112,671,981$3,583,658$0$86,538,460
88$123,970,874$3,565,608$0$95,125,567
89$136,416,155$3,540,575$0$104,582,680
90$150,124,562$3,508,022$0$114,998,435
91$165,224,737$3,467,384$0$126,470,512
92$181,858,434$3,418,060$0$139,106,553
93$200,181,863$3,359,414$0$153,025,184
94$220,367,159$3,290,771$0$168,357,129
95$242,604,007$3,211,417$0$185,246,450
96$267,101,435$3,120,595$0$203,851,904
97$294,089,782$3,017,506$0$224,348,445
98$323,822,878$2,901,301$0$246,928,872
99$356,580,430$2,771,084$0$271,805,657
100$392,670,674$2,625,907$0$299,212,943