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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$160,203$158,776$157,384$156,025$154,698$151,886
2 years$79,309$77,832$76,400$75,012$73,666$70,842
3 years$52,347$50,864$49,436$48,061$46,737$43,990
4 years$38,869$37,390$35,977$34,625$33,333$30,684
5 years$30,784$29,314$27,919$26,596$25,339$22,796
6 years$25,396$23,937$22,563$21,269$20,050$17,616
7 years$21,549$20,103$18,750$17,486$16,306$13,981
8 years$18,665$17,232$15,901$14,669$13,527$11,311
9 years$16,423$15,003$13,696$12,494$11,392$9,283
10 years$14,631$13,225$11,940$10,770$9,707$7,703
11 years$13,165$11,773$10,512$9,373$8,348$6,448
12 years$11,945$10,567$9,329$8,222$7,234$5,434
13 years$10,913$9,549$8,335$7,259$6,308$4,606
14 years$10,029$8,680$7,489$6,443$5,530$3,922
15 years$9,264$7,929$6,762$5,746$4,869$3,353
16 years$8,595$7,275$6,130$5,145$4,303$2,875
17 years$8,005$6,700$5,578$4,623$3,816$2,473
18 years$7,482$6,191$5,092$4,166$3,393$2,131
19 years$7,014$5,738$4,662$3,765$3,024$1,840
20 years$6,593$5,332$4,278$3,409$2,701$1,592
21 years$6,213$4,967$3,935$3,094$2,417$1,379
22 years$5,868$4,636$3,627$2,813$2,167$1,196
23 years$5,554$4,336$3,349$2,562$1,945$1,038
24 years$5,266$4,063$3,097$2,337$1,748$902
25 years$5,002$3,813$2,869$2,134$1,573$784
26 years$4,758$3,583$2,660$1,951$1,417$683
27 years$4,533$3,372$2,470$1,786$1,277$594
28 years$4,324$3,178$2,297$1,637$1,153$518
29 years$4,130$2,998$2,137$1,501$1,041$451
30 years$3,949$2,831$1,991$1,377$940$393
31 years$3,780$2,676$1,856$1,265$850$343
32 years$3,622$2,532$1,732$1,163$769$299
33 years$3,474$2,398$1,617$1,069$696$261
34 years$3,335$2,273$1,511$984$630$228
35 years$3,204$2,156$1,412$905$571$199
36 years$3,081$2,046$1,321$834$517$174
37 years$2,965$1,943$1,237$768$469$152
38 years$2,855$1,847$1,158$708$425$133
39 years$2,751$1,756$1,085$653$385$116
40 years$2,652$1,671$1,017$602$350$101
41 years$2,559$1,591$954$556$317$88
42 years$2,470$1,515$894$513$288$77
43 years$2,385$1,443$839$473$261$67
44 years$2,305$1,376$788$437$237$59
45 years$2,228$1,312$740$404$215$51
46 years$2,155$1,251$695$373$195$45
47 years$2,086$1,194$653$345$177$39
48 years$2,019$1,140$613$318$161$34
49 years$1,955$1,089$577$294$146$30
50 years$1,894$1,040$542$272$133$26

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 $5,273 every year, while hoping to spend $34,415 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: 49/29/22 Blend
40$1,940,000$1,940,000$1,940,000$1,940,000
41$2,143,319$2,040,499$2,010,429$2,234,812
42$2,325,320$2,103,866$2,041,161$2,362,363
43$2,524,732$2,169,185$2,071,769$2,496,954
44$2,743,294$2,236,515$2,102,213$2,642,462
45$2,982,923$2,305,916$2,132,449$2,799,932
46$3,245,727$2,377,452$2,162,433$2,970,511
47$3,534,032$2,451,188$2,192,115$3,155,463
48$3,850,397$2,527,190$2,221,444$3,356,180
49$4,197,641$2,605,526$2,250,367$3,574,191
50$4,578,872$2,686,268$2,278,825$3,811,184
51$4,997,510$2,769,488$2,306,759$4,069,013
52$5,457,324$2,855,261$2,334,103$4,349,723
53$5,962,466$2,943,664$2,360,791$4,655,563
54$6,517,510$3,034,776$2,386,750$4,989,012
55$7,127,496$3,128,680$2,411,906$5,352,797
56$7,797,973$3,225,458$2,436,178$5,749,925
57$8,535,059$3,325,198$2,459,482$6,183,705
58$9,345,491$3,427,988$2,481,730$6,657,781
59$10,236,692$3,533,921$2,502,830$7,176,171
60$11,216,842$3,643,090$2,522,681$7,743,296
61$12,294,951$3,755,593$2,541,182$8,364,029
62$13,480,948$3,871,529$2,558,224$9,043,736
63$14,785,772$3,991,001$2,573,692$9,788,330
64$16,221,475$4,114,115$2,587,465$10,604,323
65$17,801,338$4,240,979$2,599,418$11,498,892
66$19,539,994$4,371,706$2,609,418$12,479,942
67$21,453,564$4,506,411$2,617,324$13,556,181
68$23,559,814$4,645,211$2,622,991$14,737,206
69$25,878,318$4,788,229$2,626,264$16,033,589
70$28,430,644$4,935,591$2,626,982$17,456,977
71$31,240,560$5,087,424$2,624,975$19,020,204
72$34,334,251$5,243,862$2,620,065$20,737,412
73$37,740,574$5,405,040$2,612,067$22,624,181
74$41,491,325$5,571,100$2,600,784$24,697,679
75$45,621,541$5,742,185$2,586,011$26,976,823
76$50,169,829$5,918,442$2,567,533$29,482,455
77$55,178,731$6,100,026$2,545,126$32,237,544
78$60,695,126$6,287,092$2,518,552$35,267,397
79$66,770,671$6,479,802$2,487,565$38,599,900
80$73,462,288$6,678,320$2,451,907$42,265,783
81$80,832,701$6,882,818$2,411,306$46,298,906
82$88,951,030$7,093,470$2,365,478$50,736,581
83$97,893,441$7,310,455$2,314,127$55,619,922
84$107,743,864$7,533,959$2,256,942$60,994,238
85$118,594,787$7,764,172$2,193,599$66,909,453
86$130,548,126$8,001,288$2,123,756$73,420,584
87$143,716,192$8,245,507$2,047,058$80,588,254
88$158,222,743$8,497,037$1,963,134$88,479,271
89$174,204,159$8,756,088$1,871,595$97,167,252
90$191,810,724$9,022,877$1,772,034$106,733,323
91$211,208,047$9,297,627$1,664,027$117,266,879
92$232,578,625$9,580,568$1,547,129$128,866,436
93$256,123,564$9,871,935$1,420,877$141,640,552
94$282,064,478$10,171,970$1,284,786$155,708,858
95$310,645,578$10,480,920$1,138,350$171,203,185
96$342,135,982$10,799,040$981,040$188,268,808
97$376,832,250$11,126,591$812,303$207,065,819
98$415,061,188$11,463,842$631,563$227,770,635
99$457,182,926$11,811,068$438,218$250,577,669
100$503,594,325$12,168,551$231,639$275,701,160