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%15.2%
1 years$161,029$159,595$158,195$156,829$155,496$152,170
2 years$79,717$78,233$76,794$75,399$74,046$70,711
3 years$52,617$51,126$49,691$48,309$46,978$43,738
4 years$39,070$37,583$36,162$34,804$33,505$30,386
5 years$30,943$29,466$28,063$26,733$25,470$22,480
6 years$25,527$24,061$22,679$21,378$20,153$17,296
7 years$21,660$20,206$18,847$17,576$16,390$13,665
8 years$18,761$17,320$15,983$14,744$13,597$11,005
9 years$16,508$15,081$13,767$12,559$11,451$8,988
10 years$14,706$13,293$12,002$10,826$9,757$7,422
11 years$13,233$11,834$10,566$9,422$8,391$6,181
12 years$12,006$10,621$9,377$8,264$7,271$5,183
13 years$10,969$9,599$8,378$7,296$6,341$4,370
14 years$10,081$8,725$7,528$6,477$5,558$3,701
15 years$9,312$7,970$6,797$5,776$4,894$3,146
16 years$8,639$7,313$6,162$5,172$4,325$2,683
17 years$8,047$6,735$5,607$4,647$3,835$2,294
18 years$7,520$6,223$5,119$4,188$3,410$1,965
19 years$7,050$5,768$4,686$3,784$3,039$1,687
20 years$6,627$5,359$4,300$3,427$2,715$1,451
21 years$6,245$4,992$3,956$3,110$2,430$1,249
22 years$5,899$4,660$3,646$2,828$2,178$1,076
23 years$5,583$4,358$3,366$2,575$1,955$929
24 years$5,293$4,084$3,113$2,349$1,757$802
25 years$5,027$3,832$2,883$2,145$1,581$693
26 years$4,782$3,602$2,674$1,961$1,424$599
27 years$4,556$3,390$2,483$1,795$1,284$518
28 years$4,346$3,194$2,308$1,645$1,159$449
29 years$4,151$3,013$2,148$1,508$1,046$388
30 years$3,969$2,846$2,001$1,384$945$336
31 years$3,800$2,690$1,865$1,271$855$291
32 years$3,641$2,545$1,741$1,169$773$253
33 years$3,492$2,410$1,625$1,075$700$219
34 years$3,352$2,285$1,518$989$633$190
35 years$3,221$2,167$1,420$910$574$165
36 years$3,097$2,057$1,328$838$520$143
37 years$2,980$1,953$1,243$772$471$124
38 years$2,870$1,856$1,164$712$427$107
39 years$2,765$1,765$1,091$656$387$93
40 years$2,666$1,679$1,022$605$351$81
41 years$2,572$1,599$958$559$319$70
42 years$2,483$1,523$899$515$289$61
43 years$2,398$1,451$844$476$262$53
44 years$2,317$1,383$792$439$238$46
45 years$2,240$1,319$744$406$216$40
46 years$2,166$1,258$698$375$196$35
47 years$2,096$1,200$656$346$178$30
48 years$2,029$1,146$617$320$162$26
49 years$1,965$1,094$580$296$147$23
50 years$1,904$1,045$545$273$134$20

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 $3,478 every year, while hoping to spend $40,503 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: 25/45/30 Blend
40$1,950,000$1,950,000$1,950,000$1,950,000
41$2,152,488$2,049,138$2,018,913$2,186,063
42$2,328,946$2,106,450$2,043,451$2,272,029
43$2,522,047$2,165,214$2,067,454$2,360,488
44$2,733,443$2,225,457$2,090,862$2,454,503
45$2,964,957$2,287,207$2,113,608$2,554,571
46$3,218,596$2,350,494$2,135,628$2,661,235
47$3,496,569$2,415,344$2,156,847$2,775,097
48$3,801,310$2,481,787$2,177,193$2,896,817
49$4,135,500$2,549,851$2,196,585$3,027,123
50$4,502,090$2,619,563$2,214,940$3,166,814
51$4,904,333$2,690,951$2,232,170$3,316,773
52$5,345,810$2,764,043$2,248,183$3,477,971
53$5,830,467$2,838,865$2,262,881$3,651,478
54$6,362,649$2,915,444$2,276,162$3,838,471
55$6,947,144$2,993,806$2,287,919$4,040,249
56$7,589,226$3,073,976$2,298,038$4,258,241
57$8,294,705$3,155,979$2,306,400$4,494,023
58$9,069,981$3,239,838$2,312,880$4,749,331
59$9,922,106$3,325,577$2,317,348$5,026,078
60$10,858,848$3,413,217$2,319,666$5,326,372
61$11,888,764$3,502,779$2,319,689$5,652,536
62$13,021,286$3,594,282$2,317,266$6,007,129
63$14,266,800$3,687,745$2,312,238$6,392,974
64$15,636,753$3,783,184$2,304,437$6,813,179
65$17,143,755$3,880,613$2,293,689$7,271,172
66$18,801,701$3,980,046$2,279,811$7,770,730
67$20,625,901$4,081,494$2,262,611$8,316,017
68$22,633,221$4,184,966$2,241,886$8,911,622
69$24,842,247$4,290,467$2,217,427$9,562,602
70$27,273,457$4,398,001$2,189,012$10,274,533
71$29,949,417$4,507,570$2,156,411$11,053,560
72$32,894,987$4,619,170$2,119,380$11,906,456
73$36,137,563$4,732,797$2,077,667$12,840,688
74$39,707,331$4,848,441$2,031,006$13,864,487
75$43,637,554$4,966,090$1,979,119$14,986,922
76$47,964,882$5,085,725$1,921,717$16,217,995
77$52,729,700$5,207,327$1,858,495$17,568,727
78$57,976,511$5,330,867$1,789,136$19,051,267
79$63,754,350$5,456,314$1,713,307$20,679,008
80$70,117,252$5,583,632$1,630,661$22,466,710
81$77,124,760$5,712,778$1,540,836$24,430,645
82$84,842,482$5,843,701$1,443,451$26,588,747
83$93,342,719$5,976,345$1,338,110$28,960,787
84$102,705,138$6,110,648$1,224,399$31,568,554
85$113,017,530$6,246,538$1,101,884$34,436,066
86$124,376,635$6,383,935$970,114$37,589,800
87$136,889,055$6,522,751$828,616$41,058,934
88$150,672,261$6,662,889$676,897$44,875,634
89$165,855,700$6,804,239$514,442$49,075,353
90$182,582,019$6,946,684$340,713$53,697,166
91$201,008,407$7,090,093$155,149$58,784,144
92$221,308,081$7,234,325$0$64,383,761
93$243,671,922$7,379,224$0$70,562,068
94$268,310,273$7,524,620$0$77,416,901
95$295,454,926$7,670,332$0$84,962,317
96$325,361,309$7,816,159$0$93,268,590
97$358,310,898$7,961,886$0$102,413,163
98$394,613,871$8,107,280$0$112,481,378
99$434,612,038$8,252,088$0$123,567,284
100$478,682,066$8,396,041$0$135,774,522