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%13.3%
1 years$162,681$161,232$159,818$158,438$157,091$154,935
2 years$80,535$79,035$77,582$76,172$74,805$72,637
3 years$53,157$51,650$50,200$48,804$47,459$45,347
4 years$39,470$37,968$36,533$35,161$33,848$31,807
5 years$31,260$29,768$28,351$27,007$25,731$23,767
6 years$25,789$24,308$22,912$21,598$20,360$18,475
7 years$21,883$20,413$19,040$17,757$16,558$14,754
8 years$18,954$17,498$16,147$14,896$13,737$12,012
9 years$16,677$15,235$13,908$12,688$11,568$9,923
10 years$14,857$13,429$12,125$10,937$9,857$8,290
11 years$13,369$11,955$10,675$9,518$8,477$6,987
12 years$12,129$10,730$9,474$8,349$7,346$5,930
13 years$11,082$9,697$8,464$7,371$6,406$5,063
14 years$10,184$8,814$7,605$6,543$5,615$4,344
15 years$9,407$8,052$6,866$5,835$4,944$3,741
16 years$8,728$7,388$6,225$5,225$4,370$3,233
17 years$8,129$6,804$5,665$4,694$3,875$2,802
18 years$7,598$6,287$5,171$4,231$3,445$2,434
19 years$7,122$5,827$4,734$3,823$3,071$2,119
20 years$6,695$5,414$4,345$3,462$2,743$1,848
21 years$6,310$5,043$3,996$3,142$2,454$1,614
22 years$5,959$4,708$3,683$2,857$2,200$1,412
23 years$5,640$4,403$3,401$2,602$1,975$1,236
24 years$5,347$4,125$3,145$2,373$1,775$1,083
25 years$5,079$3,871$2,913$2,167$1,597$950
26 years$4,831$3,639$2,702$1,982$1,439$834
27 years$4,603$3,424$2,509$1,814$1,297$733
28 years$4,391$3,227$2,332$1,662$1,170$644
29 years$4,194$3,044$2,170$1,524$1,057$566
30 years$4,010$2,875$2,022$1,399$955$498
31 years$3,839$2,718$1,885$1,285$863$439
32 years$3,678$2,571$1,758$1,180$781$386
33 years$3,528$2,435$1,642$1,086$707$340
34 years$3,387$2,308$1,534$999$640$300
35 years$3,254$2,189$1,434$919$580$264
36 years$3,129$2,078$1,342$847$525$233
37 years$3,011$1,973$1,256$780$476$205
38 years$2,899$1,875$1,176$719$432$181
39 years$2,793$1,783$1,102$663$391$159
40 years$2,693$1,697$1,033$612$355$141
41 years$2,598$1,615$968$564$322$124
42 years$2,508$1,538$908$521$292$109
43 years$2,422$1,466$852$481$265$96
44 years$2,341$1,397$800$444$241$85
45 years$2,263$1,332$751$410$219$75
46 years$2,189$1,271$706$379$198$66
47 years$2,118$1,213$663$350$180$58
48 years$2,050$1,158$623$323$164$52
49 years$1,985$1,106$586$299$149$45
50 years$1,923$1,056$550$276$135$40

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 $3,963 every year, while hoping to spend $55,364 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: 60/11/29 Blend
40$1,970,000$1,970,000$1,970,000$1,970,000
41$2,175,028$2,070,618$2,040,083$2,288,189
42$2,337,974$2,113,171$2,049,519$2,408,474
43$2,515,685$2,155,954$2,057,415$2,533,421
44$2,709,608$2,198,920$2,063,662$2,668,619
45$2,921,337$2,242,016$2,068,144$2,815,081
46$3,152,627$2,285,187$2,070,740$2,973,925
47$3,405,407$2,328,374$2,071,322$3,146,381
48$3,681,803$2,371,509$2,069,756$3,333,808
49$3,984,157$2,414,523$2,065,903$3,537,704
50$4,315,046$2,457,340$2,059,616$3,759,719
51$4,677,307$2,499,876$2,050,739$4,001,676
52$5,074,066$2,542,043$2,039,113$4,265,581
53$5,508,765$2,583,747$2,024,566$4,553,649
54$5,985,192$2,624,884$2,006,923$4,868,321
55$6,507,523$2,665,344$1,985,996$5,212,288
56$7,080,354$2,705,010$1,961,591$5,588,518
57$7,708,750$2,743,756$1,933,504$6,000,285
58$8,398,287$2,781,445$1,901,521$6,451,196
59$9,155,110$2,817,932$1,865,419$6,945,229
60$9,985,984$2,853,065$1,824,964$7,486,772
61$10,898,365$2,886,675$1,779,911$8,080,661
62$11,900,464$2,918,588$1,730,003$8,732,229
63$13,001,327$2,948,614$1,674,974$9,447,354
64$14,210,918$2,976,552$1,614,542$10,232,519
65$15,540,217$3,002,188$1,548,414$11,094,870
66$17,001,318$3,025,294$1,476,284$12,042,286
67$18,607,544$3,045,626$1,397,832$13,083,454
68$20,373,577$3,062,925$1,312,722$14,227,950
69$22,315,589$3,076,915$1,220,606$15,486,331
70$24,451,399$3,087,304$1,121,116$16,870,236
71$26,800,640$3,093,780$1,013,872$18,392,496
72$29,384,943$3,096,013$898,474$20,067,256
73$32,228,139$3,093,649$774,505$21,910,109
74$35,356,488$3,086,317$641,530$23,938,243
75$38,798,923$3,073,620$499,094$26,170,607
76$42,587,322$3,055,136$346,723$28,628,090
77$46,756,812$3,030,421$183,921$31,333,717
78$51,346,096$2,999,000$10,171$34,312,870
79$56,397,819$2,960,373$0$37,593,526
80$61,958,972$2,914,007$0$41,260,754
81$68,081,333$2,859,339$0$45,301,204
82$74,821,956$2,795,773$0$49,749,379
83$82,243,706$2,722,676$0$54,646,772
84$90,415,856$2,639,380$0$60,039,108
85$99,414,740$2,545,176$0$65,976,774
86$109,324,468$2,439,315$0$72,515,298
87$120,237,726$2,321,003$0$79,715,870
88$132,256,644$2,189,402$0$87,645,919
89$145,493,764$2,043,625$0$96,379,755
90$160,073,099$1,882,734$0$105,999,265
91$176,131,303$1,705,736$0$116,594,689
92$193,818,963$1,511,584$0$128,265,472
93$213,302,015$1,299,170$0$141,121,201
94$234,763,315$1,067,324$0$155,282,644
95$258,404,359$814,808$0$170,882,884
96$284,447,188$540,318$0$188,068,584
97$313,136,481$242,474$0$207,001,364
98$344,741,866$0$0$227,859,331
99$379,560,463$0$0$250,848,467
100$417,919,686$0$0$276,207,903