Can I retire at age 41 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$160,203$158,776$157,384$156,025$154,698$148,619
2 years$79,309$77,832$76,400$75,012$73,666$67,616
3 years$52,347$50,864$49,436$48,061$46,737$40,906
4 years$38,869$37,390$35,977$34,625$33,333$27,766
5 years$30,784$29,314$27,919$26,596$25,339$20,050
6 years$25,396$23,937$22,563$21,269$20,050$15,042
7 years$21,549$20,103$18,750$17,486$16,306$11,578
8 years$18,665$17,232$15,901$14,669$13,527$9,074
9 years$16,423$15,003$13,696$12,494$11,392$7,207
10 years$14,631$13,225$11,940$10,770$9,707$5,782
11 years$13,165$11,773$10,512$9,373$8,348$4,675
12 years$11,945$10,567$9,329$8,222$7,234$3,802
13 years$10,913$9,549$8,335$7,259$6,308$3,107
14 years$10,029$8,680$7,489$6,443$5,530$2,549
15 years$9,264$7,929$6,762$5,746$4,869$2,098
16 years$8,595$7,275$6,130$5,145$4,303$1,731
17 years$8,005$6,700$5,578$4,623$3,816$1,431
18 years$7,482$6,191$5,092$4,166$3,393$1,185
19 years$7,014$5,738$4,662$3,765$3,024$982
20 years$6,593$5,332$4,278$3,409$2,701$816
21 years$6,213$4,967$3,935$3,094$2,417$678
22 years$5,868$4,636$3,627$2,813$2,167$564
23 years$5,554$4,336$3,349$2,562$1,945$469
24 years$5,266$4,063$3,097$2,337$1,748$390
25 years$5,002$3,813$2,869$2,134$1,573$325
26 years$4,758$3,583$2,660$1,951$1,417$271
27 years$4,533$3,372$2,470$1,786$1,277$226
28 years$4,324$3,178$2,297$1,637$1,153$188
29 years$4,130$2,998$2,137$1,501$1,041$157
30 years$3,949$2,831$1,991$1,377$940$131
31 years$3,780$2,676$1,856$1,265$850$109
32 years$3,622$2,532$1,732$1,163$769$91
33 years$3,474$2,398$1,617$1,069$696$76
34 years$3,335$2,273$1,511$984$630$63
35 years$3,204$2,156$1,412$905$571$53
36 years$3,081$2,046$1,321$834$517$44
37 years$2,965$1,943$1,237$768$469$37
38 years$2,855$1,847$1,158$708$425$31
39 years$2,751$1,756$1,085$653$385$26
40 years$2,652$1,671$1,017$602$350$21
41 years$2,559$1,591$954$556$317$18
42 years$2,470$1,515$894$513$288$15
43 years$2,385$1,443$839$473$261$12
44 years$2,305$1,376$788$437$237$10
45 years$2,228$1,312$740$404$215$9
46 years$2,155$1,251$695$373$195$7
47 years$2,086$1,194$653$345$177$6
48 years$2,019$1,140$613$318$161$5
49 years$1,955$1,089$577$294$146$4
50 years$1,894$1,040$542$272$133$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,940,000, adding $2,588 every year, while hoping to spend $43,891 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: 25/48/27 Blend
40$1,940,000$1,940,000$1,940,000$1,940,000
41$2,140,550$2,037,730$2,007,660$2,175,831
42$2,312,186$2,090,879$2,028,216$2,258,482
43$2,499,858$2,145,161$2,047,991$2,343,121
44$2,705,156$2,200,586$2,066,911$2,432,955
45$2,929,828$2,257,161$2,084,899$2,528,450
46$3,175,803$2,314,894$2,101,875$2,630,117
47$3,445,202$2,373,791$2,117,755$2,738,520
48$3,740,361$2,433,856$2,132,449$2,854,280
49$4,063,855$2,495,092$2,145,863$2,978,082
50$4,418,518$2,557,501$2,157,899$3,110,681
51$4,807,471$2,621,083$2,168,453$3,252,907
52$5,234,153$2,685,835$2,177,415$3,405,675
53$5,702,350$2,751,755$2,184,672$3,569,997
54$6,216,234$2,818,835$2,190,103$3,746,984
55$6,780,400$2,887,068$2,193,582$3,937,863
56$7,399,910$2,956,443$2,194,976$4,143,987
57$8,080,338$3,026,947$2,194,145$4,366,845
58$8,827,828$3,098,563$2,190,944$4,608,081
59$9,649,146$3,171,271$2,185,220$4,869,507
60$10,551,745$3,245,051$2,176,812$5,153,121
61$11,543,840$3,319,874$2,165,551$5,461,125
62$12,634,475$3,395,712$2,151,261$5,795,948
63$13,833,621$3,472,531$2,133,758$6,160,267
64$15,152,258$3,550,292$2,112,846$6,557,034
65$16,602,485$3,628,954$2,088,323$6,989,505
66$18,197,633$3,708,468$2,059,977$7,461,270
67$19,952,390$3,788,781$2,027,585$7,976,286
68$21,882,939$3,869,835$1,990,913$8,538,917
69$24,007,108$3,951,567$1,949,718$9,153,975
70$26,344,544$4,033,905$1,903,745$9,826,766
71$28,916,893$4,116,771$1,852,726$10,563,140
72$31,748,005$4,200,082$1,796,381$11,369,548
73$34,864,161$4,283,746$1,734,419$12,253,101
74$38,294,317$4,367,661$1,666,534$13,221,643
75$42,070,381$4,451,720$1,592,406$14,283,819
76$46,227,509$4,535,804$1,511,702$15,449,163
77$50,804,442$4,619,785$1,424,071$16,728,187
78$55,843,867$4,703,526$1,329,149$18,132,479
79$61,392,820$4,786,878$1,226,554$19,674,817
80$67,503,132$4,869,679$1,115,888$21,369,288
81$74,231,916$4,951,758$996,734$23,231,425
82$81,642,104$5,032,927$868,658$25,278,349
83$89,803,046$5,112,988$731,205$27,528,941
84$98,791,157$5,191,724$583,901$30,004,011
85$108,690,644$5,268,908$426,251$32,726,506
86$119,594,297$5,344,291$257,737$35,721,720
87$131,604,364$5,417,610$77,820$39,017,541
88$144,833,518$5,488,582$0$42,644,709
89$159,405,920$5,556,906$0$46,670,012
90$175,458,387$5,622,258$0$51,123,976
91$193,141,688$5,684,293$0$56,025,521
92$212,621,961$5,742,645$0$61,420,232
93$234,082,286$5,796,920$0$67,358,347
94$257,724,411$5,846,701$0$73,895,237
95$283,770,653$5,891,541$0$81,091,924
96$312,466,000$5,930,967$0$89,015,662
97$344,080,420$5,964,472$0$97,740,570
98$378,911,412$5,991,521$0$107,348,338
99$417,286,811$6,011,541$0$117,928,995
100$459,567,884$6,023,924$0$129,581,762