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%16.1%
1 years$163,507$162,050$160,629$159,242$157,888$153,946
2 years$80,944$79,436$77,975$76,559$75,185$71,238
3 years$53,427$51,913$50,455$49,052$47,700$43,873
4 years$39,671$38,161$36,718$35,339$34,020$30,341
5 years$31,419$29,919$28,495$27,144$25,862$22,341
6 years$25,920$24,431$23,028$21,707$20,463$17,105
7 years$21,994$20,517$19,137$17,847$16,642$13,446
8 years$19,050$17,587$16,229$14,971$13,806$10,771
9 years$16,762$15,313$13,978$12,752$11,627$8,750
10 years$14,932$13,497$12,187$10,992$9,907$7,185
11 years$13,437$12,016$10,729$9,567$8,520$5,949
12 years$12,191$10,785$9,522$8,391$7,383$4,959
13 years$11,138$9,746$8,507$7,408$6,438$4,156
14 years$10,236$8,859$7,644$6,576$5,644$3,499
15 years$9,455$8,093$6,901$5,865$4,969$2,956
16 years$8,772$7,425$6,257$5,251$4,392$2,504
17 years$8,170$6,838$5,693$4,718$3,894$2,127
18 years$7,636$6,319$5,197$4,252$3,463$1,811
19 years$7,159$5,856$4,758$3,842$3,086$1,544
20 years$6,729$5,442$4,367$3,480$2,757$1,318
21 years$6,342$5,069$4,016$3,158$2,467$1,127
22 years$5,989$4,732$3,702$2,871$2,211$965
23 years$5,668$4,425$3,418$2,615$1,985$827
24 years$5,375$4,146$3,161$2,385$1,784$709
25 years$5,105$3,891$2,928$2,178$1,605$608
26 years$4,856$3,657$2,715$1,992$1,446$522
27 years$4,626$3,442$2,521$1,823$1,304$448
28 years$4,413$3,243$2,344$1,670$1,176$385
29 years$4,215$3,059$2,181$1,532$1,062$331
30 years$4,030$2,889$2,032$1,406$960$285
31 years$3,858$2,731$1,894$1,291$868$245
32 years$3,697$2,584$1,767$1,186$785$210
33 years$3,546$2,448$1,650$1,091$710$181
34 years$3,404$2,320$1,542$1,004$643$156
35 years$3,270$2,200$1,441$924$583$134
36 years$3,145$2,088$1,348$851$528$115
37 years$3,026$1,983$1,262$784$478$99
38 years$2,914$1,885$1,182$723$434$86
39 years$2,808$1,792$1,107$666$393$74
40 years$2,707$1,705$1,038$615$357$63
41 years$2,612$1,623$973$567$324$55
42 years$2,521$1,546$913$523$294$47
43 years$2,435$1,473$857$483$267$40
44 years$2,353$1,404$804$446$242$35
45 years$2,274$1,339$755$412$220$30
46 years$2,200$1,277$709$381$199$26
47 years$2,129$1,219$666$352$181$22
48 years$2,060$1,164$626$325$164$19
49 years$1,995$1,111$588$300$149$17
50 years$1,933$1,061$553$278$136$14

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 $2,431 every year, while hoping to spend $32,814 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: 51/23/26 Blend
40$1,980,000$1,980,000$1,980,000$1,980,000
41$2,184,468$2,079,528$2,048,838$2,279,805
42$2,372,369$2,146,511$2,082,560$2,413,326
43$2,578,337$2,215,676$2,116,312$2,554,921
44$2,804,180$2,287,096$2,150,060$2,708,230
45$3,051,888$2,360,846$2,183,769$2,874,383
46$3,323,655$2,437,002$2,217,400$3,054,620
47$3,621,898$2,515,645$2,250,913$3,250,307
48$3,949,277$2,596,857$2,284,264$3,462,949
49$4,308,724$2,680,723$2,317,407$3,694,201
50$4,703,468$2,767,333$2,350,295$3,945,887
51$5,137,066$2,856,777$2,382,874$4,220,014
52$5,613,438$2,949,150$2,415,092$4,518,793
53$6,136,900$3,044,550$2,446,888$4,844,658
54$6,712,208$3,143,077$2,478,203$5,200,291
55$7,344,602$3,244,836$2,508,972$5,588,643
56$8,039,854$3,349,936$2,539,125$6,012,967
57$8,804,324$3,458,488$2,568,591$6,476,845
58$9,645,019$3,570,607$2,597,292$6,984,221
59$10,569,658$3,686,414$2,625,149$7,539,443
60$11,586,747$3,806,033$2,652,075$8,147,298
61$12,705,658$3,929,590$2,677,982$8,813,058
62$13,936,714$4,057,220$2,702,774$9,542,534
63$15,291,293$4,189,058$2,726,351$10,342,126
64$16,781,930$4,325,247$2,748,609$11,218,885
65$18,422,436$4,465,933$2,769,436$12,180,579
66$20,228,030$4,611,268$2,788,717$13,235,766
67$22,215,478$4,761,410$2,806,329$14,393,876
68$24,403,259$4,916,521$2,822,143$15,665,297
69$26,811,730$5,076,769$2,836,023$17,061,476
70$29,463,323$5,242,328$2,847,827$18,595,024
71$32,382,759$5,413,379$2,857,406$20,279,837
72$35,597,274$5,590,108$2,864,602$22,131,226
73$39,136,880$5,772,708$2,869,251$24,166,062
74$43,034,650$5,961,378$2,871,179$26,402,932
75$47,327,026$6,156,327$2,870,205$28,862,320
76$52,054,163$6,357,768$2,866,137$31,566,795
77$57,260,312$6,565,922$2,858,777$34,541,225
78$62,994,231$6,781,020$2,847,913$37,813,015
79$69,309,651$7,003,298$2,833,327$41,412,358
80$76,265,779$7,233,004$2,814,787$45,372,530
81$83,927,858$7,470,391$2,792,052$49,730,195
82$92,367,783$7,715,723$2,764,869$54,525,754
83$101,664,778$7,969,274$2,732,973$59,803,728
84$111,906,144$8,231,327$2,696,086$65,613,176
85$123,188,083$8,502,175$2,653,918$72,008,159
86$135,616,607$8,782,121$2,606,163$79,048,249
87$149,308,535$9,071,479$2,552,504$86,799,092
88$164,392,599$9,370,576$2,492,607$95,333,025
89$181,010,658$9,679,747$2,426,123$104,729,765
90$199,319,035$9,999,344$2,352,688$115,077,155
91$219,489,992$10,329,728$2,271,918$126,471,996
92$241,713,360$10,671,273$2,183,416$139,020,959
93$266,198,326$11,024,369$2,086,764$152,841,593
94$293,175,411$11,389,418$1,981,526$168,063,436
95$322,898,640$11,766,838$1,867,245$184,829,234
96$355,647,949$12,157,060$1,743,445$203,296,293
97$391,731,817$12,560,533$1,609,627$223,637,958
98$431,490,184$12,977,721$1,465,272$246,045,257
99$475,297,659$13,409,106$1,309,835$270,728,696
100$523,567,054$13,855,185$1,142,748$297,920,253