Can I retire at age 41 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$161,029$159,595$158,195$156,829$155,496$151,922
2 years$79,717$78,233$76,794$75,399$74,046$70,465
3 years$52,617$51,126$49,691$48,309$46,978$43,501
4 years$39,070$37,583$36,162$34,804$33,505$30,160
5 years$30,943$29,466$28,063$26,733$25,470$22,266
6 years$25,527$24,061$22,679$21,378$20,153$17,094
7 years$21,660$20,206$18,847$17,576$16,390$13,476
8 years$18,761$17,320$15,983$14,744$13,597$10,826
9 years$16,508$15,081$13,767$12,559$11,451$8,822
10 years$14,706$13,293$12,002$10,826$9,757$7,266
11 years$13,233$11,834$10,566$9,422$8,391$6,036
12 years$12,006$10,621$9,377$8,264$7,271$5,048
13 years$10,969$9,599$8,378$7,296$6,341$4,245
14 years$10,081$8,725$7,528$6,477$5,558$3,585
15 years$9,312$7,970$6,797$5,776$4,894$3,039
16 years$8,639$7,313$6,162$5,172$4,325$2,584
17 years$8,047$6,735$5,607$4,647$3,835$2,203
18 years$7,520$6,223$5,119$4,188$3,410$1,882
19 years$7,050$5,768$4,686$3,784$3,039$1,611
20 years$6,627$5,359$4,300$3,427$2,715$1,381
21 years$6,245$4,992$3,956$3,110$2,430$1,185
22 years$5,899$4,660$3,646$2,828$2,178$1,018
23 years$5,583$4,358$3,366$2,575$1,955$876
24 years$5,293$4,084$3,113$2,349$1,757$754
25 years$5,027$3,832$2,883$2,145$1,581$649
26 years$4,782$3,602$2,674$1,961$1,424$560
27 years$4,556$3,390$2,483$1,795$1,284$483
28 years$4,346$3,194$2,308$1,645$1,159$416
29 years$4,151$3,013$2,148$1,508$1,046$359
30 years$3,969$2,846$2,001$1,384$945$310
31 years$3,800$2,690$1,865$1,271$855$268
32 years$3,641$2,545$1,741$1,169$773$231
33 years$3,492$2,410$1,625$1,075$700$200
34 years$3,352$2,285$1,518$989$633$173
35 years$3,221$2,167$1,420$910$574$149
36 years$3,097$2,057$1,328$838$520$129
37 years$2,980$1,953$1,243$772$471$112
38 years$2,870$1,856$1,164$712$427$96
39 years$2,765$1,765$1,091$656$387$83
40 years$2,666$1,679$1,022$605$351$72
41 years$2,572$1,599$958$559$319$62
42 years$2,483$1,523$899$515$289$54
43 years$2,398$1,451$844$476$262$47
44 years$2,317$1,383$792$439$238$40
45 years$2,240$1,319$744$406$216$35
46 years$2,166$1,258$698$375$196$30
47 years$2,096$1,200$656$346$178$26
48 years$2,029$1,146$617$320$162$23
49 years$1,965$1,094$580$296$147$20
50 years$1,904$1,045$545$273$134$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,950,000, adding $2,966 every year, while hoping to spend $59,287 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: 65/9/26 Blend
40$1,950,000$1,950,000$1,950,000$1,950,000
41$2,151,959$2,048,609$2,018,384$2,276,975
42$2,308,378$2,085,910$2,022,919$2,399,011
43$2,478,765$2,123,052$2,025,619$2,525,449
44$2,664,481$2,159,964$2,026,360$2,662,324
45$2,867,027$2,196,570$2,025,011$2,810,669
46$3,088,051$2,232,790$2,021,436$2,971,620
47$3,329,370$2,268,534$2,015,492$3,146,433
48$3,592,983$2,303,710$2,007,029$3,336,490
49$3,881,092$2,338,216$1,995,889$3,543,317
50$4,196,118$2,371,944$1,981,906$3,768,593
51$4,540,731$2,404,778$1,964,909$4,014,174
52$4,917,867$2,436,594$1,944,715$4,282,103
53$5,330,762$2,467,259$1,921,135$4,574,634
54$5,782,977$2,496,632$1,893,970$4,894,251
55$6,278,435$2,524,561$1,863,013$5,243,695
56$6,821,456$2,550,885$1,828,044$5,625,986
57$7,416,798$2,575,432$1,788,837$6,044,455
58$8,069,700$2,598,017$1,745,152$6,502,774
59$8,785,935$2,618,445$1,696,740$7,004,991
60$9,571,859$2,636,508$1,643,339$7,555,572
61$10,434,475$2,651,983$1,584,677$8,159,438
62$11,381,495$2,664,634$1,520,468$8,822,014
63$12,421,417$2,674,211$1,450,413$9,549,283
64$13,563,600$2,680,445$1,374,200$10,347,841
65$14,818,354$2,683,054$1,291,503$11,224,958
66$16,197,038$2,681,735$1,201,980$12,188,651
67$17,712,165$2,676,169$1,105,275$13,247,757
68$19,377,520$2,666,016$1,001,016$14,412,020
69$21,208,291$2,650,914$888,814$15,692,179
70$23,221,210$2,630,482$768,263$17,100,075
71$25,434,711$2,604,314$638,937$18,648,761
72$27,869,105$2,571,979$500,395$20,352,624
73$30,546,769$2,533,021$352,174$22,227,529
74$33,492,357$2,486,957$193,790$24,290,958
75$36,733,035$2,433,275$24,739$26,562,188
76$40,298,732$2,371,434$0$29,062,464
77$44,222,427$2,300,858$0$31,858,394
78$48,540,455$2,220,940$0$34,942,738
79$53,292,853$2,131,038$0$38,337,245
80$58,523,736$2,030,471$0$42,073,447
81$64,281,712$1,918,519$0$46,186,093
82$70,620,341$1,794,420$0$50,713,476
83$77,598,639$1,657,371$0$55,697,792
84$85,281,638$1,506,519$0$61,185,540
85$93,740,992$1,340,966$0$67,227,962
86$103,055,660$1,159,760$0$73,881,524
87$113,312,646$961,897$0$81,208,451
88$124,607,822$746,317$0$89,277,314
89$137,046,831$511,897$0$98,163,678
90$150,746,083$257,455$0$107,950,814
91$165,833,853$0$0$118,730,487
92$182,451,493$0$0$130,605,628
93$200,754,764$0$0$143,713,604
94$220,915,305$0$0$158,151,858
95$243,122,253$0$0$174,055,867
96$267,584,028$0$0$191,574,919
97$294,530,299$0$0$210,873,524
98$324,214,148$0$0$232,132,961
99$356,914,466$0$0$255,552,998
100$392,938,576$0$0$281,353,766