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%17.2%
1 years$143,688$142,408$141,159$139,940$138,750$134,686
2 years$71,132$69,808$68,524$67,279$66,071$62,010
3 years$46,951$45,620$44,339$43,106$41,918$37,987
4 years$34,862$33,536$32,268$31,056$29,897$26,125
5 years$27,611$26,292$25,041$23,854$22,727$19,126
6 years$22,778$21,470$20,237$19,076$17,983$14,555
7 years$19,328$18,030$16,817$15,683$14,625$11,371
8 years$16,741$15,455$14,262$13,156$12,133$9,050
9 years$14,730$13,457$12,284$11,206$10,218$7,303
10 years$13,122$11,861$10,709$9,660$8,706$5,956
11 years$11,808$10,559$9,428$8,407$7,487$4,897
12 years$10,713$9,478$8,367$7,374$6,488$4,053
13 years$9,788$8,565$7,476$6,510$5,658$3,371
14 years$8,995$7,785$6,717$5,779$4,960$2,816
15 years$8,309$7,112$6,065$5,154$4,367$2,361
16 years$7,709$6,525$5,498$4,615$3,860$1,985
17 years$7,180$6,009$5,003$4,146$3,422$1,672
18 years$6,711$5,553$4,567$3,737$3,043$1,412
19 years$6,291$5,146$4,181$3,376$2,712$1,194
20 years$5,914$4,782$3,837$3,058$2,423$1,011
21 years$5,573$4,455$3,530$2,775$2,168$857
22 years$5,263$4,158$3,253$2,523$1,943$728
23 years$4,981$3,889$3,004$2,298$1,744$618
24 years$4,723$3,644$2,778$2,096$1,568$525
25 years$4,486$3,419$2,573$1,914$1,411$447
26 years$4,267$3,214$2,386$1,750$1,271$380
27 years$4,065$3,025$2,216$1,602$1,146$323
28 years$3,878$2,850$2,060$1,468$1,034$275
29 years$3,704$2,689$1,917$1,346$934$235
30 years$3,542$2,539$1,786$1,235$843$200
31 years$3,391$2,400$1,665$1,135$763$170
32 years$3,249$2,271$1,553$1,043$690$145
33 years$3,116$2,151$1,450$959$624$124
34 years$2,991$2,039$1,355$882$565$106
35 years$2,874$1,934$1,267$812$512$90
36 years$2,764$1,835$1,185$748$464$77
37 years$2,659$1,743$1,109$689$420$65
38 years$2,561$1,656$1,039$635$381$56
39 years$2,467$1,575$973$586$346$48
40 years$2,379$1,499$912$540$313$41
41 years$2,295$1,427$855$498$284$35
42 years$2,215$1,359$802$460$258$30
43 years$2,139$1,294$753$425$234$25
44 years$2,067$1,234$707$392$213$22
45 years$1,999$1,177$664$362$193$18
46 years$1,933$1,122$623$334$175$16
47 years$1,871$1,071$585$309$159$13
48 years$1,811$1,023$550$286$145$11
49 years$1,754$977$517$264$131$10
50 years$1,699$933$486$244$119$8

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 $2,108 every year, while hoping to spend $48,317 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: 45/43/12 Blend
40$1,740,000$1,740,000$1,740,000$1,740,000
41$1,919,654$1,827,434$1,800,464$1,999,397
42$2,064,050$1,865,570$1,809,371$2,093,113
43$2,221,555$1,903,954$1,816,957$2,189,589
44$2,393,455$1,942,549$1,823,126$2,293,127
45$2,581,166$1,981,313$1,827,779$2,404,397
46$2,786,246$2,020,198$1,830,811$2,524,139
47$3,010,410$2,059,156$1,832,111$2,653,166
48$3,255,549$2,098,131$1,831,563$2,792,377
49$3,523,741$2,137,065$1,829,047$2,942,762
50$3,817,277$2,175,896$1,824,434$3,105,412
51$4,138,678$2,214,553$1,817,591$3,281,531
52$4,490,721$2,252,964$1,808,378$3,472,445
53$4,876,464$2,291,049$1,796,649$3,679,616
54$5,299,276$2,328,723$1,782,248$3,904,657
55$5,762,864$2,365,893$1,765,016$4,149,347
56$6,271,315$2,402,460$1,744,783$4,415,645
57$6,829,128$2,438,320$1,721,372$4,705,714
58$7,441,260$2,473,358$1,694,599$5,021,937
59$8,113,169$2,507,453$1,664,268$5,366,943
60$8,850,869$2,540,475$1,630,178$5,743,631
61$9,660,985$2,572,285$1,592,116$6,155,196
62$10,550,813$2,602,735$1,549,860$6,605,163
63$11,528,392$2,631,666$1,503,176$7,097,419
64$12,602,579$2,658,908$1,451,823$7,636,248
65$13,783,128$2,684,281$1,395,546$8,226,375
66$15,080,789$2,707,592$1,334,079$8,873,012
67$16,507,403$2,728,637$1,267,143$9,581,903
68$18,076,015$2,747,197$1,194,449$10,359,384
69$19,800,998$2,763,040$1,115,693$11,212,439
70$21,698,188$2,775,917$1,030,557$12,148,771
71$23,785,033$2,785,567$938,710$13,176,873
72$26,080,755$2,791,708$839,806$14,306,108
73$28,606,534$2,794,044$733,482$15,546,801
74$31,385,708$2,792,260$619,361$16,910,336
75$34,443,988$2,786,019$497,048$18,409,263
76$37,809,707$2,774,966$366,131$20,057,421
77$41,514,081$2,758,723$226,180$21,870,066
78$45,591,506$2,736,889$76,746$23,864,020
79$50,079,882$2,709,039$0$26,057,828
80$55,020,972$2,674,723$0$28,482,528
81$60,460,790$2,633,464$0$31,161,244
82$66,450,041$2,584,754$0$34,109,054
83$73,044,597$2,528,059$0$37,353,424
84$80,306,022$2,462,810$0$40,924,627
85$88,302,155$2,388,406$0$44,856,032
86$97,107,749$2,304,212$0$49,184,422
87$106,805,174$2,209,554$0$53,950,342
88$117,485,199$2,103,719$0$59,198,480
89$129,247,841$1,985,953$0$64,978,097
90$142,203,317$1,855,461$0$71,343,487
91$156,473,075$1,711,399$0$78,354,498
92$172,190,947$1,552,875$0$86,077,093
93$189,504,407$1,378,949$0$94,583,980
94$208,575,964$1,188,625$0$103,955,298
95$229,584,697$980,852$0$114,279,377
96$252,727,940$754,518$0$125,653,575
97$278,223,151$508,451$0$138,185,198
98$306,309,958$241,410$0$151,992,519
99$337,252,422$0$0$167,205,895
100$371,341,532$0$0$183,991,673