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

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$161,029$159,595$158,195$156,829$155,496$153,109
2 years$79,717$78,233$76,794$75,399$74,046$71,647
3 years$52,617$51,126$49,691$48,309$46,978$44,641
4 years$39,070$37,583$36,162$34,804$33,505$31,249
5 years$30,943$29,466$28,063$26,733$25,470$23,301
6 years$25,527$24,061$22,679$21,378$20,153$18,074
7 years$21,660$20,206$18,847$17,576$16,390$14,401
8 years$18,761$17,320$15,983$14,744$13,597$11,698
9 years$16,508$15,081$13,767$12,559$11,451$9,641
10 years$14,706$13,293$12,002$10,826$9,757$8,034
11 years$13,233$11,834$10,566$9,422$8,391$6,754
12 years$12,006$10,621$9,377$8,264$7,271$5,719
13 years$10,969$9,599$8,378$7,296$6,341$4,870
14 years$10,081$8,725$7,528$6,477$5,558$4,166
15 years$9,312$7,970$6,797$5,776$4,894$3,579
16 years$8,639$7,313$6,162$5,172$4,325$3,084
17 years$8,047$6,735$5,607$4,647$3,835$2,665
18 years$7,520$6,223$5,119$4,188$3,410$2,309
19 years$7,050$5,768$4,686$3,784$3,039$2,004
20 years$6,627$5,359$4,300$3,427$2,715$1,742
21 years$6,245$4,992$3,956$3,110$2,430$1,517
22 years$5,899$4,660$3,646$2,828$2,178$1,323
23 years$5,583$4,358$3,366$2,575$1,955$1,155
24 years$5,293$4,084$3,113$2,349$1,757$1,009
25 years$5,027$3,832$2,883$2,145$1,581$882
26 years$4,782$3,602$2,674$1,961$1,424$772
27 years$4,556$3,390$2,483$1,795$1,284$676
28 years$4,346$3,194$2,308$1,645$1,159$592
29 years$4,151$3,013$2,148$1,508$1,046$519
30 years$3,969$2,846$2,001$1,384$945$455
31 years$3,800$2,690$1,865$1,271$855$399
32 years$3,641$2,545$1,741$1,169$773$350
33 years$3,492$2,410$1,625$1,075$700$308
34 years$3,352$2,285$1,518$989$633$270
35 years$3,221$2,167$1,420$910$574$237
36 years$3,097$2,057$1,328$838$520$208
37 years$2,980$1,953$1,243$772$471$183
38 years$2,870$1,856$1,164$712$427$161
39 years$2,765$1,765$1,091$656$387$141
40 years$2,666$1,679$1,022$605$351$124
41 years$2,572$1,599$958$559$319$109
42 years$2,483$1,523$899$515$289$96
43 years$2,398$1,451$844$476$262$84
44 years$2,317$1,383$792$439$238$74
45 years$2,240$1,319$744$406$216$65
46 years$2,166$1,258$698$375$196$57
47 years$2,096$1,200$656$346$178$50
48 years$2,029$1,146$617$320$162$44
49 years$1,965$1,094$580$296$147$39
50 years$1,904$1,045$545$273$134$34

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 $6,005 every year, while hoping to spend $42,986 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: 46/46/8 Blend
40$1,950,000$1,950,000$1,950,000$1,950,000
41$2,155,094$2,051,744$2,021,519$2,249,201
42$2,329,177$2,106,543$2,043,503$2,369,454
43$2,519,576$2,162,586$2,064,783$2,494,877
44$2,727,909$2,219,889$2,085,290$2,629,939
45$2,955,959$2,278,467$2,104,951$2,775,545
46$3,205,689$2,338,334$2,123,689$2,932,690
47$3,479,261$2,399,504$2,141,424$3,102,469
48$3,779,054$2,461,989$2,158,070$3,286,090
49$4,107,691$2,525,800$2,173,539$3,484,878
50$4,468,059$2,590,948$2,187,736$3,700,295
51$4,863,339$2,657,441$2,200,563$3,933,950
52$5,297,032$2,725,288$2,211,914$4,187,612
53$5,772,997$2,794,496$2,221,681$4,463,233
54$6,295,484$2,865,067$2,229,749$4,762,959
55$6,869,175$2,937,007$2,235,997$5,089,156
56$7,499,226$3,010,315$2,240,298$5,444,426
57$8,191,318$3,084,992$2,242,519$5,831,640
58$8,951,709$3,161,033$2,242,520$6,253,957
59$9,787,294$3,238,435$2,240,155$6,714,856
60$10,705,668$3,317,188$2,235,270$7,218,171
61$11,715,198$3,397,282$2,227,704$7,768,127
62$12,825,103$3,478,703$2,217,286$8,369,375
63$14,045,539$3,561,436$2,203,841$9,027,042
64$15,387,697$3,645,458$2,187,183$9,746,775
65$16,863,904$3,730,748$2,167,115$10,534,796
66$18,487,744$3,817,277$2,143,436$11,397,961
67$20,274,183$3,905,012$2,115,930$12,343,823
68$22,239,711$3,993,919$2,084,375$13,380,706
69$24,402,496$4,083,955$2,048,535$14,517,780
70$26,782,556$4,175,075$2,008,167$15,765,152
71$29,401,949$4,267,226$1,963,013$17,133,955
72$32,284,978$4,360,350$1,912,805$18,636,461
73$35,458,424$4,454,385$1,857,261$20,286,191
74$38,951,793$4,549,260$1,796,089$22,098,045
75$42,797,599$4,644,897$1,728,981$24,088,441
76$47,031,668$4,741,210$1,655,616$26,275,474
77$51,693,476$4,838,108$1,575,657$28,679,082
78$56,826,523$4,935,488$1,488,754$31,321,238
79$62,478,741$5,033,239$1,394,540$34,226,157
80$68,702,946$5,131,241$1,292,630$37,420,523
81$75,557,338$5,229,363$1,182,625$40,933,742
82$83,106,049$5,327,465$1,064,105$44,798,221
83$91,419,747$5,425,392$936,634$49,049,675
84$100,576,304$5,522,979$799,754$53,727,460
85$110,661,530$5,620,048$652,989$58,874,950
86$121,769,982$5,716,406$495,840$64,539,944
87$134,005,856$5,811,846$327,787$70,775,120
88$147,483,973$5,906,146$148,288$77,638,529
89$162,330,858$5,999,067$0$85,194,149
90$178,685,936$6,090,352$0$93,516,177
91$196,702,848$6,179,725$0$102,692,369
92$216,550,899$6,266,893$0$112,795,736
93$238,416,660$6,351,539$0$123,920,700
94$262,505,721$6,433,326$0$136,171,319
95$289,044,639$6,511,894$0$149,662,263
96$318,283,072$6,586,856$0$164,519,903
97$350,496,135$6,657,802$0$180,883,502
98$385,986,998$6,724,292$0$198,906,531
99$425,089,748$6,785,858$0$218,758,119
100$468,172,539$6,842,002$0$240,624,650