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%14.6%
1 years$143,688$142,408$141,159$139,940$138,750$136,116
2 years$71,132$69,808$68,524$67,279$66,071$63,428
3 years$46,951$45,620$44,339$43,106$41,918$39,348
4 years$34,862$33,536$32,268$31,056$29,897$27,418
5 years$27,611$26,292$25,041$23,854$22,727$20,349
6 years$22,778$21,470$20,237$19,076$17,983$15,707
7 years$19,328$18,030$16,817$15,683$14,625$12,452
8 years$16,741$15,455$14,262$13,156$12,133$10,063
9 years$14,730$13,457$12,284$11,206$10,218$8,249
10 years$13,122$11,861$10,709$9,660$8,706$6,836
11 years$11,808$10,559$9,428$8,407$7,487$5,715
12 years$10,713$9,478$8,367$7,374$6,488$4,810
13 years$9,788$8,565$7,476$6,510$5,658$4,072
14 years$8,995$7,785$6,717$5,779$4,960$3,463
15 years$8,309$7,112$6,065$5,154$4,367$2,956
16 years$7,709$6,525$5,498$4,615$3,860$2,532
17 years$7,180$6,009$5,003$4,146$3,422$2,174
18 years$6,711$5,553$4,567$3,737$3,043$1,871
19 years$6,291$5,146$4,181$3,376$2,712$1,613
20 years$5,914$4,782$3,837$3,058$2,423$1,393
21 years$5,573$4,455$3,530$2,775$2,168$1,205
22 years$5,263$4,158$3,253$2,523$1,943$1,043
23 years$4,981$3,889$3,004$2,298$1,744$904
24 years$4,723$3,644$2,778$2,096$1,568$785
25 years$4,486$3,419$2,573$1,914$1,411$681
26 years$4,267$3,214$2,386$1,750$1,271$592
27 years$4,065$3,025$2,216$1,602$1,146$514
28 years$3,878$2,850$2,060$1,468$1,034$447
29 years$3,704$2,689$1,917$1,346$934$389
30 years$3,542$2,539$1,786$1,235$843$339
31 years$3,391$2,400$1,665$1,135$763$295
32 years$3,249$2,271$1,553$1,043$690$257
33 years$3,116$2,151$1,450$959$624$224
34 years$2,991$2,039$1,355$882$565$195
35 years$2,874$1,934$1,267$812$512$170
36 years$2,764$1,835$1,185$748$464$148
37 years$2,659$1,743$1,109$689$420$129
38 years$2,561$1,656$1,039$635$381$113
39 years$2,467$1,575$973$586$346$98
40 years$2,379$1,499$912$540$313$86
41 years$2,295$1,427$855$498$284$75
42 years$2,215$1,359$802$460$258$65
43 years$2,139$1,294$753$425$234$57
44 years$2,067$1,234$707$392$213$50
45 years$1,999$1,177$664$362$193$43
46 years$1,933$1,122$623$334$175$38
47 years$1,871$1,071$585$309$159$33
48 years$1,811$1,023$550$286$145$29
49 years$1,754$977$517$264$131$25
50 years$1,699$933$486$244$119$22

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 $3,815 every year, while hoping to spend $28,856 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: 74/7/19 Blend
40$1,740,000$1,740,000$1,740,000$1,740,000
41$1,921,415$1,829,195$1,802,225$2,054,752
42$2,086,697$1,888,123$1,831,897$2,202,643
43$2,267,870$1,948,972$1,861,596$2,360,769
44$2,466,526$2,011,804$1,891,292$2,533,299
45$2,684,415$2,076,686$1,920,954$2,721,660
46$2,923,468$2,143,686$1,950,548$2,927,424
47$3,185,809$2,212,874$1,980,039$3,152,322
48$3,473,779$2,284,323$2,009,389$3,398,263
49$3,789,958$2,358,108$2,038,556$3,667,345
50$4,137,185$2,434,306$2,067,499$3,961,883
51$4,518,590$2,512,999$2,096,172$4,284,425
52$4,937,620$2,594,270$2,124,528$4,637,780
53$5,398,072$2,678,204$2,152,514$5,025,041
54$5,904,129$2,764,890$2,180,078$5,449,615
55$6,460,402$2,854,421$2,207,161$5,915,256
56$7,071,966$2,946,891$2,233,705$6,426,101
57$7,744,418$3,042,400$2,259,645$6,986,705
58$8,483,919$3,141,048$2,284,914$7,602,091
59$9,297,261$3,242,941$2,309,441$8,277,789
60$10,191,926$3,348,189$2,333,151$9,019,894
61$11,176,155$3,456,904$2,355,965$9,835,120
62$12,259,033$3,569,203$2,377,800$10,730,868
63$13,450,567$3,685,205$2,398,568$11,715,289
64$14,761,781$3,805,037$2,418,177$12,797,366
65$16,204,826$3,928,827$2,436,529$13,986,998
66$17,793,088$4,056,710$2,453,522$15,295,089
67$19,541,317$4,188,822$2,469,049$16,733,658
68$21,465,765$4,325,308$2,482,996$18,315,947
69$23,584,341$4,466,316$2,495,244$20,056,547
70$25,916,777$4,611,999$2,505,668$21,971,537
71$28,484,817$4,762,516$2,514,137$24,078,634
72$31,312,420$4,918,030$2,520,512$26,397,362
73$34,425,986$5,078,713$2,524,648$28,949,233
74$37,854,606$5,244,739$2,526,393$31,757,953
75$41,630,336$5,416,292$2,525,588$34,849,647
76$45,788,499$5,593,559$2,522,064$38,253,101
77$50,368,019$5,776,736$2,515,646$42,000,035
78$55,411,786$5,966,026$2,506,149$46,125,405
79$60,967,064$6,161,636$2,493,381$50,667,731
80$67,085,933$6,363,785$2,477,138$55,669,461
81$73,825,784$6,572,697$2,457,208$61,177,369
82$81,249,858$6,788,603$2,433,369$67,243,003
83$89,427,844$7,011,745$2,405,387$73,923,162
84$98,436,535$7,242,371$2,373,018$81,280,443
85$108,360,555$7,480,741$2,336,007$89,383,822
86$119,293,155$7,727,120$2,294,087$98,309,311
87$131,337,094$7,981,787$2,246,976$108,140,675
88$144,605,611$8,245,027$2,194,383$118,970,220
89$159,223,488$8,517,138$2,135,999$130,899,666
90$175,328,234$8,798,428$2,071,506$144,041,110
91$193,071,379$9,089,216$2,000,566$158,518,077
92$212,619,903$9,389,832$1,922,829$174,466,694
93$234,157,818$9,700,618$1,837,928$192,036,971
94$257,887,896$10,021,929$1,745,479$211,394,217
95$284,033,591$10,354,133$1,645,082$232,720,601
96$312,841,142$10,697,610$1,536,317$256,216,873
97$344,581,901$11,052,756$1,418,747$282,104,259
98$379,554,893$11,419,979$1,291,913$310,626,548
99$418,089,638$11,799,703$1,155,338$342,052,395
100$460,549,261$12,192,369$1,008,522$376,677,856