Can I retire at age 41 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$162,681$161,232$159,818$158,438$157,091$151,880
2 years$80,535$79,035$77,582$76,172$74,805$69,606
3 years$53,157$51,650$50,200$48,804$47,459$42,435
4 years$39,470$37,968$36,533$35,161$33,848$29,037
5 years$31,260$29,768$28,351$27,007$25,731$21,146
6 years$25,789$24,308$22,912$21,598$20,360$16,005
7 years$21,883$20,413$19,040$17,757$16,558$12,432
8 years$18,954$17,498$16,147$14,896$13,737$9,837
9 years$16,677$15,235$13,908$12,688$11,568$7,890
10 years$14,857$13,429$12,125$10,937$9,857$6,394
11 years$13,369$11,955$10,675$9,518$8,477$5,223
12 years$12,129$10,730$9,474$8,349$7,346$4,294
13 years$11,082$9,697$8,464$7,371$6,406$3,548
14 years$10,184$8,814$7,605$6,543$5,615$2,944
15 years$9,407$8,052$6,866$5,835$4,944$2,450
16 years$8,728$7,388$6,225$5,225$4,370$2,045
17 years$8,129$6,804$5,665$4,694$3,875$1,711
18 years$7,598$6,287$5,171$4,231$3,445$1,434
19 years$7,122$5,827$4,734$3,823$3,071$1,203
20 years$6,695$5,414$4,345$3,462$2,743$1,011
21 years$6,310$5,043$3,996$3,142$2,454$851
22 years$5,959$4,708$3,683$2,857$2,200$716
23 years$5,640$4,403$3,401$2,602$1,975$604
24 years$5,347$4,125$3,145$2,373$1,775$509
25 years$5,079$3,871$2,913$2,167$1,597$429
26 years$4,831$3,639$2,702$1,982$1,439$362
27 years$4,603$3,424$2,509$1,814$1,297$306
28 years$4,391$3,227$2,332$1,662$1,170$258
29 years$4,194$3,044$2,170$1,524$1,057$218
30 years$4,010$2,875$2,022$1,399$955$184
31 years$3,839$2,718$1,885$1,285$863$156
32 years$3,678$2,571$1,758$1,180$781$132
33 years$3,528$2,435$1,642$1,086$707$111
34 years$3,387$2,308$1,534$999$640$94
35 years$3,254$2,189$1,434$919$580$80
36 years$3,129$2,078$1,342$847$525$67
37 years$3,011$1,973$1,256$780$476$57
38 years$2,899$1,875$1,176$719$432$48
39 years$2,793$1,783$1,102$663$391$41
40 years$2,693$1,697$1,033$612$355$34
41 years$2,598$1,615$968$564$322$29
42 years$2,508$1,538$908$521$292$25
43 years$2,422$1,466$852$481$265$21
44 years$2,341$1,397$800$444$241$18
45 years$2,263$1,332$751$410$219$15
46 years$2,189$1,271$706$379$198$13
47 years$2,118$1,213$663$350$180$11
48 years$2,050$1,158$623$323$164$9
49 years$1,985$1,106$586$299$149$8
50 years$1,923$1,056$550$276$135$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,970,000, adding $4,288 every year, while hoping to spend $28,737 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: 54/41/5 Blend
40$1,970,000$1,970,000$1,970,000$1,970,000
41$2,175,363$2,070,953$2,040,418$2,290,310
42$2,366,674$2,141,854$2,078,196$2,439,291
43$2,576,536$2,215,266$2,116,277$2,597,791
44$2,806,810$2,291,281$2,154,639$2,769,574
45$3,059,547$2,369,996$2,193,262$2,955,903
46$3,337,007$2,451,512$2,232,122$3,158,161
47$3,641,677$2,535,931$2,271,194$3,377,875
48$3,976,298$2,623,362$2,310,449$3,616,720
49$4,343,891$2,713,918$2,349,860$3,876,540
50$4,747,782$2,807,713$2,389,394$4,159,362
51$5,191,635$2,904,871$2,429,018$4,467,419
52$5,679,487$3,005,515$2,468,696$4,803,165
53$6,215,788$3,109,778$2,508,390$5,169,302
54$6,805,436$3,217,796$2,548,059$5,568,801
55$7,453,832$3,329,708$2,587,660$6,004,934
56$8,166,922$3,445,663$2,627,146$6,481,302
57$8,951,260$3,565,813$2,666,467$7,001,867
58$9,814,067$3,690,317$2,705,573$7,570,993
59$10,763,299$3,819,339$2,744,406$8,193,481
60$11,807,720$3,953,051$2,782,909$8,874,619
61$12,956,990$4,091,633$2,821,018$9,620,227
62$14,221,748$4,235,268$2,858,668$10,436,715
63$15,613,721$4,384,151$2,895,788$11,331,139
64$17,145,828$4,538,482$2,932,304$12,311,270
65$18,832,304$4,698,469$2,968,138$13,385,666
66$20,688,835$4,864,330$3,003,207$14,563,749
67$22,732,705$5,036,291$3,037,423$15,855,897
68$24,982,959$5,214,587$3,070,694$17,273,541
69$27,460,581$5,399,462$3,102,922$18,829,269
70$30,188,695$5,591,171$3,134,005$20,536,944
71$33,192,782$5,789,978$3,163,834$22,411,839
72$36,500,918$5,996,159$3,192,295$24,470,774
73$40,144,041$6,210,001$3,219,267$26,732,276
74$44,156,245$6,431,802$3,244,624$29,216,757
75$48,575,094$6,661,873$3,268,232$31,946,697
76$53,441,987$6,900,538$3,289,950$34,946,862
77$58,802,537$7,148,132$3,309,631$38,244,536
78$64,707,012$7,405,006$3,327,120$41,869,773
79$71,210,801$7,671,526$3,342,253$45,855,683
80$78,374,943$7,948,071$3,354,858$50,238,745
81$86,266,698$8,235,037$3,364,756$55,059,143
82$94,960,183$8,532,836$3,371,758$60,361,153
83$104,537,074$8,841,897$3,375,663$66,193,550
84$115,087,372$9,162,666$3,376,265$72,610,077
85$126,710,258$9,495,611$3,373,343$79,669,941
86$139,515,023$9,841,214$3,366,669$87,438,377
87$153,622,104$10,199,982$3,356,001$95,987,260
88$169,164,218$10,572,442$3,341,087$105,395,781
89$186,287,617$10,959,140$3,321,663$115,751,193
90$205,153,466$11,360,649$3,297,450$127,149,633
91$225,939,363$11,777,565$3,268,158$139,697,030
92$248,841,019$12,210,506$3,233,482$153,510,098
93$274,074,103$12,660,121$3,193,104$168,717,439
94$301,876,277$13,127,083$3,146,689$185,460,754
95$332,509,442$13,612,095$3,093,887$203,896,179
96$366,262,206$14,115,888$3,034,333$224,195,756
97$403,452,610$14,639,226$2,967,643$246,549,053
98$444,431,134$15,182,906$2,893,416$271,164,956
99$489,583,997$15,747,755$2,811,233$298,273,631
100$539,336,810$16,334,641$2,720,655$328,128,702