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%14.1%
1 years$163,507$162,050$160,629$159,242$157,888$155,208
2 years$80,944$79,436$77,975$76,559$75,185$72,493
3 years$53,427$51,913$50,455$49,052$47,700$45,081
4 years$39,671$38,161$36,718$35,339$34,020$31,493
5 years$31,419$29,919$28,495$27,144$25,862$23,434
6 years$25,920$24,431$23,028$21,707$20,463$18,138
7 years$21,994$20,517$19,137$17,847$16,642$14,420
8 years$19,050$17,587$16,229$14,971$13,806$11,686
9 years$16,762$15,313$13,978$12,752$11,627$9,608
10 years$14,932$13,497$12,187$10,992$9,907$7,987
11 years$13,437$12,016$10,729$9,567$8,520$6,698
12 years$12,191$10,785$9,522$8,391$7,383$5,657
13 years$11,138$9,746$8,507$7,408$6,438$4,804
14 years$10,236$8,859$7,644$6,576$5,644$4,099
15 years$9,455$8,093$6,901$5,865$4,969$3,511
16 years$8,772$7,425$6,257$5,251$4,392$3,018
17 years$8,170$6,838$5,693$4,718$3,894$2,600
18 years$7,636$6,319$5,197$4,252$3,463$2,246
19 years$7,159$5,856$4,758$3,842$3,086$1,944
20 years$6,729$5,442$4,367$3,480$2,757$1,685
21 years$6,342$5,069$4,016$3,158$2,467$1,463
22 years$5,989$4,732$3,702$2,871$2,211$1,272
23 years$5,668$4,425$3,418$2,615$1,985$1,107
24 years$5,375$4,146$3,161$2,385$1,784$964
25 years$5,105$3,891$2,928$2,178$1,605$840
26 years$4,856$3,657$2,715$1,992$1,446$733
27 years$4,626$3,442$2,521$1,823$1,304$640
28 years$4,413$3,243$2,344$1,670$1,176$559
29 years$4,215$3,059$2,181$1,532$1,062$488
30 years$4,030$2,889$2,032$1,406$960$427
31 years$3,858$2,731$1,894$1,291$868$373
32 years$3,697$2,584$1,767$1,186$785$326
33 years$3,546$2,448$1,650$1,091$710$285
34 years$3,404$2,320$1,542$1,004$643$250
35 years$3,270$2,200$1,441$924$583$219
36 years$3,145$2,088$1,348$851$528$191
37 years$3,026$1,983$1,262$784$478$167
38 years$2,914$1,885$1,182$723$434$147
39 years$2,808$1,792$1,107$666$393$128
40 years$2,707$1,705$1,038$615$357$112
41 years$2,612$1,623$973$567$324$98
42 years$2,521$1,546$913$523$294$86
43 years$2,435$1,473$857$483$267$76
44 years$2,353$1,404$804$446$242$66
45 years$2,274$1,339$755$412$220$58
46 years$2,200$1,277$709$381$199$51
47 years$2,129$1,219$666$352$181$45
48 years$2,060$1,164$626$325$164$39
49 years$1,995$1,111$588$300$149$34
50 years$1,933$1,061$553$278$136$30

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 $3,454 every year, while hoping to spend $29,766 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: 55/17/28 Blend
40$1,980,000$1,980,000$1,980,000$1,980,000
41$2,185,523$2,080,583$2,049,893$2,288,611
42$2,376,775$2,150,861$2,086,893$2,430,369
43$2,586,538$2,223,584$2,124,136$2,581,326
44$2,816,667$2,298,842$2,161,597$2,745,145
45$3,069,209$2,376,727$2,199,252$2,923,074
46$3,346,414$2,457,333$2,237,073$3,116,488
47$3,650,765$2,540,759$2,275,031$3,326,900
48$3,984,995$2,627,108$2,313,097$3,555,977
49$4,352,114$2,716,486$2,351,235$3,805,552
50$4,755,440$2,809,004$2,389,412$4,077,646
51$5,198,627$2,904,778$2,427,590$4,374,483
52$5,685,701$3,003,925$2,465,727$4,698,513
53$6,221,095$3,106,570$2,503,782$5,052,433
54$6,809,696$3,212,841$2,541,708$5,439,214
55$7,456,887$3,322,873$2,579,457$5,862,129
56$8,168,599$3,436,803$2,616,978$6,324,783
57$8,951,365$3,554,775$2,654,216$6,831,145
58$9,812,385$3,676,939$2,691,113$7,385,589
59$10,759,590$3,803,451$2,727,607$7,992,932
60$11,801,719$3,934,472$2,763,633$8,658,482
61$12,948,403$4,070,169$2,799,123$9,388,084
62$14,210,250$4,210,717$2,834,004$10,188,180
63$15,598,950$4,356,297$2,868,197$11,065,864
64$17,127,384$4,507,097$2,901,623$12,028,954
65$18,809,744$4,663,312$2,934,195$13,086,062
66$20,661,670$4,825,146$2,965,822$14,246,677
67$22,700,392$4,992,809$2,996,409$15,521,252
68$24,944,897$5,166,522$3,025,853$16,921,305
69$27,416,107$5,346,513$3,054,050$18,459,528
70$30,137,076$5,533,018$3,080,887$20,149,903
71$33,133,206$5,726,284$3,106,245$22,007,836
72$36,432,490$5,926,568$3,130,001$24,050,304
73$40,065,770$6,134,137$3,152,022$26,296,010
74$44,067,036$6,349,267$3,172,173$28,765,565
75$48,473,740$6,572,247$3,190,306$31,481,679
76$53,327,151$6,803,377$3,206,271$34,469,374
77$58,672,747$7,042,968$3,219,908$37,756,223
78$64,560,639$7,291,346$3,231,047$41,372,609
79$71,046,050$7,548,847$3,239,512$45,352,011
80$78,189,829$7,815,823$3,245,118$49,731,320
81$86,059,032$8,092,639$3,247,670$54,551,186
82$94,727,550$8,379,675$3,246,963$59,856,404
83$104,276,807$8,677,326$3,242,784$65,696,334
84$114,796,531$8,986,004$3,234,906$72,125,368
85$126,385,596$9,306,137$3,223,094$79,203,443
86$139,152,960$9,638,171$3,207,101$86,996,605
87$153,218,690$9,982,570$3,186,668$95,577,636
88$168,715,097$10,339,816$3,161,521$105,026,736
89$185,787,982$10,710,413$3,131,378$115,432,284
90$204,598,016$11,094,883$3,095,939$126,891,669
91$225,322,253$11,493,771$3,054,892$139,512,211
92$248,155,801$11,907,645$3,007,910$153,412,172
93$273,313,669$12,337,095$2,954,650$168,721,874
94$301,032,787$12,782,736$2,894,755$185,584,928
95$331,574,250$13,245,210$2,827,848$204,159,590
96$365,225,780$13,725,182$2,753,538$224,620,253
97$402,304,442$14,223,348$2,671,413$247,159,096
98$443,159,634$14,740,431$2,581,045$271,987,894
99$488,176,391$15,277,186$2,481,984$299,340,021
100$537,779,013$15,834,398$2,373,760$329,472,652