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%17.8%
1 years$162,681$161,232$159,818$158,438$157,091$152,123
2 years$80,535$79,035$77,582$76,172$74,805$69,845
3 years$53,157$51,650$50,200$48,804$47,459$42,663
4 years$39,470$37,968$36,533$35,161$33,848$29,252
5 years$31,260$29,768$28,351$27,007$25,731$21,347
6 years$25,789$24,308$22,912$21,598$20,360$16,193
7 years$21,883$20,413$19,040$17,757$16,558$12,607
8 years$18,954$17,498$16,147$14,896$13,737$9,999
9 years$16,677$15,235$13,908$12,688$11,568$8,039
10 years$14,857$13,429$12,125$10,937$9,857$6,531
11 years$13,369$11,955$10,675$9,518$8,477$5,350
12 years$12,129$10,730$9,474$8,349$7,346$4,410
13 years$11,082$9,697$8,464$7,371$6,406$3,653
14 years$10,184$8,814$7,605$6,543$5,615$3,039
15 years$9,407$8,052$6,866$5,835$4,944$2,537
16 years$8,728$7,388$6,225$5,225$4,370$2,124
17 years$8,129$6,804$5,665$4,694$3,875$1,782
18 years$7,598$6,287$5,171$4,231$3,445$1,498
19 years$7,122$5,827$4,734$3,823$3,071$1,261
20 years$6,695$5,414$4,345$3,462$2,743$1,063
21 years$6,310$5,043$3,996$3,142$2,454$897
22 years$5,959$4,708$3,683$2,857$2,200$758
23 years$5,640$4,403$3,401$2,602$1,975$640
24 years$5,347$4,125$3,145$2,373$1,775$542
25 years$5,079$3,871$2,913$2,167$1,597$458
26 years$4,831$3,639$2,702$1,982$1,439$388
27 years$4,603$3,424$2,509$1,814$1,297$329
28 years$4,391$3,227$2,332$1,662$1,170$279
29 years$4,194$3,044$2,170$1,524$1,057$236
30 years$4,010$2,875$2,022$1,399$955$200
31 years$3,839$2,718$1,885$1,285$863$170
32 years$3,678$2,571$1,758$1,180$781$144
33 years$3,528$2,435$1,642$1,086$707$122
34 years$3,387$2,308$1,534$999$640$104
35 years$3,254$2,189$1,434$919$580$88
36 years$3,129$2,078$1,342$847$525$75
37 years$3,011$1,973$1,256$780$476$63
38 years$2,899$1,875$1,176$719$432$54
39 years$2,793$1,783$1,102$663$391$46
40 years$2,693$1,697$1,033$612$355$39
41 years$2,598$1,615$968$564$322$33
42 years$2,508$1,538$908$521$292$28
43 years$2,422$1,466$852$481$265$24
44 years$2,341$1,397$800$444$241$20
45 years$2,263$1,332$751$410$219$17
46 years$2,189$1,271$706$379$198$14
47 years$2,118$1,213$663$350$180$12
48 years$2,050$1,158$623$323$164$10
49 years$1,985$1,106$586$299$149$9
50 years$1,923$1,056$550$276$135$8

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 $6,193 every year, while hoping to spend $42,548 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: 28/42/30 Blend
40$1,970,000$1,970,000$1,970,000$1,970,000
41$2,177,328$2,072,918$2,042,383$2,217,985
42$2,354,145$2,129,220$2,065,532$2,307,585
43$2,547,571$2,186,855$2,088,031$2,399,721
44$2,759,255$2,245,844$2,109,812$2,497,868
45$2,991,014$2,306,205$2,130,806$2,602,572
46$3,244,848$2,367,959$2,150,938$2,714,437
47$3,522,958$2,431,124$2,170,130$2,834,126
48$3,827,770$2,495,720$2,188,299$2,962,371
49$4,161,955$2,561,763$2,205,360$3,099,975
50$4,528,455$2,629,270$2,221,220$3,247,827
51$4,930,511$2,698,257$2,235,784$3,406,904
52$5,371,691$2,768,740$2,248,951$3,578,282
53$5,855,927$2,840,732$2,260,615$3,763,147
54$6,387,549$2,914,245$2,270,663$3,962,807
55$6,971,328$2,989,292$2,278,979$4,178,703
56$7,612,518$3,065,882$2,285,439$4,412,422
57$8,316,908$3,144,023$2,289,914$4,665,714
58$9,090,875$3,223,723$2,292,269$4,940,507
59$9,941,444$3,304,985$2,292,360$5,238,929
60$10,876,356$3,387,814$2,290,038$5,563,320
61$11,904,136$3,472,208$2,285,147$5,916,266
62$13,034,179$3,558,168$2,277,520$6,300,612
63$14,276,835$3,645,688$2,266,987$6,719,496
64$15,643,506$3,734,761$2,253,365$7,176,379
65$17,146,757$3,825,378$2,236,466$7,675,073
66$18,800,430$3,917,524$2,216,091$8,219,783
67$20,619,775$4,011,184$2,192,031$8,815,143
68$22,621,596$4,106,337$2,164,069$9,466,261
69$24,824,410$4,202,958$2,131,976$10,178,769
70$27,248,616$4,301,019$2,095,514$10,958,876
71$29,916,693$4,400,487$2,054,431$11,813,424
72$32,853,408$4,501,323$2,008,467$12,749,960
73$36,086,052$4,603,485$1,957,347$13,776,799
74$39,644,696$4,706,923$1,900,786$14,903,111
75$43,562,475$4,811,582$1,838,482$16,139,002
76$47,875,899$4,917,401$1,770,122$17,495,614
77$52,625,199$5,024,311$1,695,379$18,985,229
78$57,854,705$5,132,238$1,613,910$20,621,386
79$63,613,265$5,241,098$1,525,357$22,419,011
80$69,954,706$5,350,800$1,429,344$24,394,555
81$76,938,340$5,461,243$1,325,481$26,566,156
82$84,629,524$5,572,318$1,213,358$28,953,804
83$93,100,279$5,683,905$1,092,549$31,579,538
84$102,429,965$5,795,873$962,607$34,467,650
85$112,706,033$5,908,082$823,066$37,644,916
86$124,024,848$6,020,378$673,438$41,140,853
87$136,492,601$6,132,595$513,217$44,987,997
88$150,226,307$6,244,553$341,870$49,222,211
89$165,354,911$6,356,057$158,844$53,883,024
90$182,020,508$6,466,900$0$59,014,010
91$200,379,676$6,576,854$0$64,674,874
92$220,604,961$6,685,678$0$70,961,899
93$242,886,502$6,793,112$0$77,882,738
94$267,433,825$6,898,874$0$85,501,917
95$294,477,821$7,002,665$0$93,890,546
96$324,272,926$7,104,162$0$103,126,990
97$357,099,520$7,203,022$0$113,297,610
98$393,266,576$7,298,874$0$124,497,578
99$433,114,572$7,391,325$0$136,831,776
100$477,018,711$7,479,952$0$150,415,789