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%12.9%
1 years$160,203$158,776$157,384$156,025$154,698$152,829
2 years$79,309$77,832$76,400$75,012$73,666$71,784
3 years$52,347$50,864$49,436$48,061$46,737$44,901
4 years$38,869$37,390$35,977$34,625$33,333$31,558
5 years$30,784$29,314$27,919$26,596$25,339$23,631
6 years$25,396$23,937$22,563$21,269$20,050$18,409
7 years$21,549$20,103$18,750$17,486$16,306$14,734
8 years$18,665$17,232$15,901$14,669$13,527$12,024
9 years$16,423$15,003$13,696$12,494$11,392$9,956
10 years$14,631$13,225$11,940$10,770$9,707$8,337
11 years$13,165$11,773$10,512$9,373$8,348$7,044
12 years$11,945$10,567$9,329$8,222$7,234$5,995
13 years$10,913$9,549$8,335$7,259$6,308$5,131
14 years$10,029$8,680$7,489$6,443$5,530$4,414
15 years$9,264$7,929$6,762$5,746$4,869$3,812
16 years$8,595$7,275$6,130$5,145$4,303$3,303
17 years$8,005$6,700$5,578$4,623$3,816$2,871
18 years$7,482$6,191$5,092$4,166$3,393$2,501
19 years$7,014$5,738$4,662$3,765$3,024$2,184
20 years$6,593$5,332$4,278$3,409$2,701$1,910
21 years$6,213$4,967$3,935$3,094$2,417$1,673
22 years$5,868$4,636$3,627$2,813$2,167$1,468
23 years$5,554$4,336$3,349$2,562$1,945$1,289
24 years$5,266$4,063$3,097$2,337$1,748$1,133
25 years$5,002$3,813$2,869$2,134$1,573$997
26 years$4,758$3,583$2,660$1,951$1,417$878
27 years$4,533$3,372$2,470$1,786$1,277$774
28 years$4,324$3,178$2,297$1,637$1,153$683
29 years$4,130$2,998$2,137$1,501$1,041$602
30 years$3,949$2,831$1,991$1,377$940$532
31 years$3,780$2,676$1,856$1,265$850$469
32 years$3,622$2,532$1,732$1,163$769$415
33 years$3,474$2,398$1,617$1,069$696$366
34 years$3,335$2,273$1,511$984$630$324
35 years$3,204$2,156$1,412$905$571$286
36 years$3,081$2,046$1,321$834$517$253
37 years$2,965$1,943$1,237$768$469$224
38 years$2,855$1,847$1,158$708$425$198
39 years$2,751$1,756$1,085$653$385$175
40 years$2,652$1,671$1,017$602$350$155
41 years$2,559$1,591$954$556$317$137
42 years$2,470$1,515$894$513$288$121
43 years$2,385$1,443$839$473$261$107
44 years$2,305$1,376$788$437$237$95
45 years$2,228$1,312$740$404$215$84
46 years$2,155$1,251$695$373$195$75
47 years$2,086$1,194$653$345$177$66
48 years$2,019$1,140$613$318$161$58
49 years$1,955$1,089$577$294$146$52
50 years$1,894$1,040$542$272$133$46

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 $6,194 every year, while hoping to spend $53,432 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: 69/18/13 Blend
40$1,940,000$1,940,000$1,940,000$1,940,000
41$2,144,269$2,041,449$2,011,379$2,285,631
42$2,306,133$2,084,629$2,021,909$2,423,561
43$2,482,717$2,128,134$2,031,001$2,567,417
44$2,675,465$2,171,923$2,038,550$2,723,416
45$2,885,967$2,215,952$2,044,447$2,892,743
46$3,115,976$2,260,174$2,048,576$3,076,706
47$3,367,418$2,304,535$2,050,816$3,276,744
48$3,642,416$2,348,979$2,051,039$3,494,444
49$3,943,307$2,393,443$2,049,113$3,731,552
50$4,272,663$2,437,861$2,044,898$3,989,995
51$4,633,319$2,482,160$2,038,246$4,271,893
52$5,028,394$2,526,263$2,029,004$4,579,584
53$5,461,325$2,570,084$2,017,010$4,915,643
54$5,935,896$2,613,534$2,002,096$5,282,908
55$6,456,275$2,656,515$1,984,084$5,684,506
56$7,027,053$2,698,922$1,962,788$6,123,884
57$7,653,285$2,740,642$1,938,015$6,604,839
58$8,340,542$2,781,554$1,909,559$7,131,555
59$9,094,957$2,821,531$1,877,210$7,708,645
60$9,923,288$2,860,431$1,840,742$8,341,191
61$10,832,980$2,898,109$1,799,923$9,034,794
62$11,832,232$2,934,404$1,754,508$9,795,626
63$12,930,077$2,969,148$1,704,242$10,630,491
64$14,136,468$3,002,159$1,648,858$11,546,886
65$15,462,368$3,033,245$1,588,074$12,553,073
66$16,919,855$3,062,200$1,521,601$13,658,158
67$18,522,236$3,088,803$1,449,130$14,872,178
68$20,284,172$3,112,822$1,370,343$16,206,193
69$22,221,814$3,134,007$1,284,906$17,672,394
70$24,352,958$3,152,092$1,192,469$19,284,214
71$26,697,211$3,166,796$1,092,668$21,056,461
72$29,276,175$3,177,818$985,122$23,005,454
73$32,113,654$3,184,840$869,432$25,149,178
74$35,235,871$3,187,522$745,183$27,507,454
75$38,671,723$3,185,503$611,940$30,102,128
76$42,453,049$3,178,403$469,250$32,957,277
77$46,614,929$3,165,814$316,639$36,099,436
78$51,196,019$3,147,306$153,613$39,557,850
79$56,238,911$3,122,422$0$43,364,750
80$61,790,535$3,090,676$0$47,558,484
81$67,902,606$3,051,556$0$52,198,298
82$74,632,106$3,004,516$0$57,306,088
83$82,041,823$2,948,979$0$62,929,487
84$90,200,943$2,884,334$0$69,120,989
85$99,185,707$2,809,933$0$75,938,440
86$109,080,120$2,725,091$0$83,445,589
87$119,976,754$2,629,082$0$91,712,687
88$131,977,614$2,521,138$0$100,817,151
89$145,195,103$2,400,447$0$110,844,298
90$159,753,083$2,266,148$0$121,888,146
91$175,788,042$2,117,334$0$134,052,306
92$193,450,381$1,953,042$0$147,450,958
93$212,905,836$1,772,257$0$162,209,932
94$234,337,037$1,573,903$0$178,467,893
95$257,945,238$1,356,847$0$196,377,656
96$283,952,208$1,119,889$0$216,107,623
97$312,602,331$861,761$0$237,843,378
98$344,164,907$581,125$0$261,789,439
99$378,936,695$276,568$0$288,171,188
100$417,244,715$0$0$317,237,002