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%18.9%
1 years$163,507$162,050$160,629$159,242$157,888$152,225
2 years$80,944$79,436$77,975$76,559$75,185$69,541
3 years$53,427$51,913$50,455$49,052$47,700$42,253
4 years$39,671$38,161$36,718$35,339$34,020$28,811
5 years$31,419$29,919$28,495$27,144$25,862$20,904
6 years$25,920$24,431$23,028$21,707$20,463$15,761
7 years$21,994$20,517$19,137$17,847$16,642$12,194
8 years$19,050$17,587$16,229$14,971$13,806$9,608
9 years$16,762$15,313$13,978$12,752$11,627$7,673
10 years$14,932$13,497$12,187$10,992$9,907$6,191
11 years$13,437$12,016$10,729$9,567$8,520$5,035
12 years$12,191$10,785$9,522$8,391$7,383$4,120
13 years$11,138$9,746$8,507$7,408$6,438$3,388
14 years$10,236$8,859$7,644$6,576$5,644$2,797
15 years$9,455$8,093$6,901$5,865$4,969$2,317
16 years$8,772$7,425$6,257$5,251$4,392$1,924
17 years$8,170$6,838$5,693$4,718$3,894$1,601
18 years$7,636$6,319$5,197$4,252$3,463$1,335
19 years$7,159$5,856$4,758$3,842$3,086$1,114
20 years$6,729$5,442$4,367$3,480$2,757$931
21 years$6,342$5,069$4,016$3,158$2,467$779
22 years$5,989$4,732$3,702$2,871$2,211$653
23 years$5,668$4,425$3,418$2,615$1,985$547
24 years$5,375$4,146$3,161$2,385$1,784$459
25 years$5,105$3,891$2,928$2,178$1,605$385
26 years$4,856$3,657$2,715$1,992$1,446$323
27 years$4,626$3,442$2,521$1,823$1,304$271
28 years$4,413$3,243$2,344$1,670$1,176$228
29 years$4,215$3,059$2,181$1,532$1,062$191
30 years$4,030$2,889$2,032$1,406$960$161
31 years$3,858$2,731$1,894$1,291$868$135
32 years$3,697$2,584$1,767$1,186$785$113
33 years$3,546$2,448$1,650$1,091$710$95
34 years$3,404$2,320$1,542$1,004$643$80
35 years$3,270$2,200$1,441$924$583$67
36 years$3,145$2,088$1,348$851$528$57
37 years$3,026$1,983$1,262$784$478$48
38 years$2,914$1,885$1,182$723$434$40
39 years$2,808$1,792$1,107$666$393$34
40 years$2,707$1,705$1,038$615$357$28
41 years$2,612$1,623$973$567$324$24
42 years$2,521$1,546$913$523$294$20
43 years$2,435$1,473$857$483$267$17
44 years$2,353$1,404$804$446$242$14
45 years$2,274$1,339$755$412$220$12
46 years$2,200$1,277$709$381$199$10
47 years$2,129$1,219$666$352$181$8
48 years$2,060$1,164$626$325$164$7
49 years$1,995$1,111$588$300$149$6
50 years$1,933$1,061$553$278$136$5

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 $5,856 every year, while hoping to spend $30,811 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: 69/14/17 Blend
40$1,980,000$1,980,000$1,980,000$1,980,000
41$2,188,000$2,083,060$2,052,370$2,329,720
42$2,378,394$2,152,348$2,088,342$2,494,207
43$2,587,175$2,223,997$2,124,486$2,669,918
44$2,816,186$2,298,093$2,160,776$2,861,400
45$3,067,458$2,374,720$2,197,183$3,070,203
46$3,343,226$2,453,969$2,233,676$3,298,036
47$3,645,953$2,535,932$2,270,222$3,546,779
48$3,978,353$2,620,705$2,306,787$3,818,503
49$4,343,414$2,708,388$2,343,333$4,115,489
50$4,744,427$2,799,085$2,379,821$4,440,248
51$5,185,021$2,892,902$2,416,207$4,795,548
52$5,669,190$2,989,951$2,452,447$5,184,433
53$6,201,337$3,090,348$2,488,493$5,610,261
54$6,786,309$3,194,211$2,524,293$6,076,726
55$7,429,451$3,301,666$2,559,795$6,587,901
56$8,136,648$3,412,840$2,594,941$7,148,269
57$8,914,384$3,527,867$2,629,670$7,762,771
58$9,769,806$3,646,887$2,663,918$8,436,850
59$10,710,784$3,770,043$2,697,618$9,176,499
60$11,745,992$3,897,483$2,730,696$9,988,323
61$12,884,987$4,029,364$2,763,079$10,879,599
62$14,138,298$4,165,845$2,794,684$11,858,343
63$15,517,527$4,307,093$2,825,428$12,933,385
64$17,035,456$4,453,282$2,855,221$14,114,456
65$18,706,171$4,604,591$2,883,969$15,412,276
66$20,545,191$4,761,207$2,911,573$16,838,656
67$22,569,618$4,923,324$2,937,928$18,406,608
68$24,798,294$5,091,142$2,962,924$20,130,472
69$27,251,982$5,264,870$2,986,444$22,026,045
70$29,953,560$5,444,724$3,008,366$24,110,735
71$32,928,239$5,630,931$3,028,562$26,403,719
72$36,203,796$5,823,724$3,046,896$28,926,133
73$39,810,842$6,023,345$3,063,225$31,701,261
74$43,783,106$6,230,047$3,077,401$34,754,762
75$48,157,754$6,444,091$3,089,266$38,114,907
76$52,975,744$6,665,750$3,098,654$41,812,850
77$58,282,203$6,895,305$3,105,393$45,882,918
78$64,126,864$7,133,051$3,109,300$50,362,937
79$70,564,527$7,379,293$3,110,184$55,294,587
80$77,655,578$7,634,348$3,107,845$60,723,797
81$85,466,560$7,898,545$3,102,071$66,701,175
82$94,070,802$8,172,225$3,092,642$73,282,492
83$103,549,105$8,455,746$3,079,328$80,529,199
84$113,990,513$8,749,476$3,061,884$88,509,014
85$125,493,145$9,053,800$3,040,057$97,296,558
86$138,165,126$9,369,118$3,013,580$106,974,060
87$152,125,608$9,695,844$2,982,174$117,632,132
88$167,505,890$10,034,410$2,945,546$129,370,623
89$184,450,660$10,385,265$2,903,391$142,299,564
90$203,119,360$10,748,876$2,855,387$156,540,204
91$223,687,692$11,125,728$2,801,200$172,226,156
92$246,349,273$11,516,325$2,740,477$189,504,655
93$271,317,467$11,921,193$2,672,851$208,537,951
94$298,827,395$12,340,878$2,597,938$229,504,840
95$329,138,155$12,775,946$2,515,334$252,602,346
96$362,535,269$13,226,990$2,424,620$278,047,589
97$399,333,377$13,694,623$2,325,355$306,079,828
98$439,879,207$14,179,485$2,217,080$336,962,721
99$484,554,846$14,682,240$2,099,313$370,986,813
100$533,781,352$15,203,581$1,971,551$408,472,282