Can I retire at age 41 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$163,507$162,050$160,629$159,242$157,888$153,511
2 years$80,944$79,436$77,975$76,559$75,185$70,808
3 years$53,427$51,913$50,455$49,052$47,700$43,460
4 years$39,671$38,161$36,718$35,339$34,020$29,950
5 years$31,419$29,919$28,495$27,144$25,862$21,972
6 years$25,920$24,431$23,028$21,707$20,463$16,758
7 years$21,994$20,517$19,137$17,847$16,642$13,121
8 years$19,050$17,587$16,229$14,971$13,806$10,468
9 years$16,762$15,313$13,978$12,752$11,627$8,468
10 years$14,932$13,497$12,187$10,992$9,907$6,923
11 years$13,437$12,016$10,729$9,567$8,520$5,707
12 years$12,191$10,785$9,522$8,391$7,383$4,735
13 years$11,138$9,746$8,507$7,408$6,438$3,950
14 years$10,236$8,859$7,644$6,576$5,644$3,309
15 years$9,455$8,093$6,901$5,865$4,969$2,782
16 years$8,772$7,425$6,257$5,251$4,392$2,345
17 years$8,170$6,838$5,693$4,718$3,894$1,982
18 years$7,636$6,319$5,197$4,252$3,463$1,678
19 years$7,159$5,856$4,758$3,842$3,086$1,424
20 years$6,729$5,442$4,367$3,480$2,757$1,209
21 years$6,342$5,069$4,016$3,158$2,467$1,028
22 years$5,989$4,732$3,702$2,871$2,211$875
23 years$5,668$4,425$3,418$2,615$1,985$746
24 years$5,375$4,146$3,161$2,385$1,784$636
25 years$5,105$3,891$2,928$2,178$1,605$543
26 years$4,856$3,657$2,715$1,992$1,446$463
27 years$4,626$3,442$2,521$1,823$1,304$395
28 years$4,413$3,243$2,344$1,670$1,176$338
29 years$4,215$3,059$2,181$1,532$1,062$289
30 years$4,030$2,889$2,032$1,406$960$247
31 years$3,858$2,731$1,894$1,291$868$211
32 years$3,697$2,584$1,767$1,186$785$180
33 years$3,546$2,448$1,650$1,091$710$154
34 years$3,404$2,320$1,542$1,004$643$132
35 years$3,270$2,200$1,441$924$583$113
36 years$3,145$2,088$1,348$851$528$97
37 years$3,026$1,983$1,262$784$478$83
38 years$2,914$1,885$1,182$723$434$71
39 years$2,808$1,792$1,107$666$393$61
40 years$2,707$1,705$1,038$615$357$52
41 years$2,612$1,623$973$567$324$44
42 years$2,521$1,546$913$523$294$38
43 years$2,435$1,473$857$483$267$33
44 years$2,353$1,404$804$446$242$28
45 years$2,274$1,339$755$412$220$24
46 years$2,200$1,277$709$381$199$20
47 years$2,129$1,219$666$352$181$17
48 years$2,060$1,164$626$325$164$15
49 years$1,995$1,111$588$300$149$13
50 years$1,933$1,061$553$278$136$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,980,000, adding $6,307 every year, while hoping to spend $52,726 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: 64/22/14 Blend
40$1,980,000$1,980,000$1,980,000$1,980,000
41$2,188,466$2,083,526$2,052,836$2,320,817
42$2,355,589$2,129,518$2,065,506$2,456,188
43$2,537,992$2,175,998$2,076,833$2,597,341
44$2,737,177$2,222,931$2,086,717$2,750,231
45$2,954,799$2,270,285$2,095,051$2,916,002
46$3,192,679$2,318,019$2,101,726$3,095,912
47$3,452,822$2,366,092$2,106,624$3,291,350
48$3,737,436$2,414,456$2,109,622$3,503,845
49$4,048,952$2,463,062$2,110,591$3,735,080
50$4,390,047$2,511,854$2,109,398$3,986,912
51$4,763,669$2,560,772$2,105,900$4,261,387
52$5,173,064$2,609,751$2,099,949$4,560,756
53$5,621,808$2,658,720$2,091,388$4,887,503
54$6,113,838$2,707,603$2,080,056$5,244,364
55$6,653,491$2,756,318$2,065,779$5,634,354
56$7,245,544$2,804,774$2,048,380$6,060,796
57$7,895,259$2,852,877$2,027,670$6,527,352
58$8,608,430$2,900,523$2,003,452$7,038,057
59$9,391,443$2,947,602$1,975,520$7,597,357
60$10,251,328$2,993,993$1,943,659$8,210,155
61$11,195,834$3,039,569$1,907,642$8,881,852
62$12,233,494$3,084,192$1,867,232$9,618,402
63$13,373,709$3,127,716$1,822,183$10,426,364
64$14,626,837$3,169,984$1,772,236$11,312,972
65$16,004,287$3,210,826$1,717,119$12,286,193
66$17,518,631$3,250,064$1,656,549$13,354,812
67$19,183,719$3,287,503$1,590,230$14,528,510
68$21,014,808$3,322,941$1,517,853$15,817,956
69$23,028,710$3,356,157$1,439,093$17,234,911
70$25,243,948$3,386,918$1,353,611$18,792,334
71$27,680,928$3,414,974$1,261,055$20,504,510
72$30,362,137$3,440,062$1,161,055$22,387,185
73$33,312,348$3,461,898$1,053,223$24,457,709
74$36,558,858$3,480,183$937,157$26,735,207
75$40,131,746$3,494,595$812,436$29,240,758
76$44,064,150$3,504,797$678,619$31,997,594
77$48,392,587$3,510,425$535,246$35,031,318
78$53,157,292$3,511,097$381,838$38,370,150
79$58,402,600$3,506,405$217,894$42,045,192
80$64,177,362$3,495,916$42,890$46,090,724
81$70,535,407$3,479,170$0$50,544,525
82$77,536,050$3,455,680$0$55,469,725
83$85,244,648$3,424,930$0$60,898,957
84$93,733,220$3,386,369$0$66,876,476
85$103,081,126$3,339,419$0$73,458,116
86$113,375,812$3,283,462$0$80,705,410
87$124,713,640$3,217,846$0$88,686,167
88$137,200,790$3,141,880$0$97,475,118
89$150,954,271$3,054,832$0$107,154,613
90$166,103,015$2,955,927$0$117,815,408
91$182,789,100$2,844,346$0$129,557,519
92$201,169,089$2,719,219$0$142,491,164
93$221,415,505$2,579,629$0$156,737,809
94$243,718,461$2,424,606$0$172,431,312
95$268,287,453$2,253,121$0$189,719,189
96$295,353,339$2,064,090$0$208,764,008
97$325,170,513$1,856,363$0$229,744,922
98$358,019,309$1,628,729$0$252,859,366
99$394,208,647$1,379,905$0$278,324,916
100$434,078,945$1,108,537$0$306,381,352