Can I retire at age 41 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$164,332$162,869$161,440$160,046$158,685$157,950
2 years$81,353$79,838$78,369$76,945$75,564$74,823
3 years$53,696$52,175$50,710$49,300$47,941$47,215
4 years$39,871$38,354$36,904$35,518$34,192$33,488
5 years$31,578$30,070$28,639$27,281$25,992$25,312
6 years$26,051$24,554$23,145$21,817$20,567$19,911
7 years$22,105$20,621$19,233$17,937$16,726$16,095
8 years$19,146$17,676$16,311$15,047$13,876$13,270
9 years$16,847$15,390$14,049$12,816$11,686$11,105
10 years$15,008$13,565$12,248$11,048$9,957$9,400
11 years$13,504$12,077$10,783$9,615$8,563$8,031
12 years$12,253$10,839$9,570$8,434$7,421$6,912
13 years$11,194$9,796$8,550$7,446$6,471$5,986
14 years$10,288$8,904$7,682$6,609$5,672$5,210
15 years$9,503$8,134$6,936$5,894$4,994$4,554
16 years$8,816$7,463$6,288$5,278$4,414$3,996
17 years$8,212$6,873$5,722$4,742$3,914$3,516
18 years$7,675$6,351$5,224$4,274$3,480$3,103
19 years$7,195$5,886$4,782$3,862$3,102$2,744
20 years$6,763$5,469$4,389$3,497$2,771$2,432
21 years$6,374$5,095$4,037$3,174$2,479$2,159
22 years$6,020$4,756$3,720$2,886$2,222$1,920
23 years$5,697$4,448$3,435$2,628$1,995$1,709
24 years$5,402$4,167$3,177$2,397$1,793$1,524
25 years$5,131$3,911$2,943$2,189$1,614$1,360
26 years$4,881$3,676$2,729$2,002$1,453$1,214
27 years$4,649$3,459$2,534$1,832$1,310$1,086
28 years$4,435$3,259$2,356$1,679$1,182$971
29 years$4,236$3,075$2,192$1,539$1,068$869
30 years$4,051$2,904$2,042$1,413$965$779
31 years$3,878$2,745$1,904$1,298$872$698
32 years$3,716$2,598$1,776$1,192$789$625
33 years$3,564$2,460$1,658$1,097$714$561
34 years$3,421$2,331$1,550$1,009$646$503
35 years$3,287$2,211$1,449$929$586$452
36 years$3,161$2,099$1,355$855$530$406
37 years$3,041$1,993$1,269$788$481$364
38 years$2,928$1,894$1,188$726$436$327
39 years$2,822$1,801$1,113$670$395$294
40 years$2,721$1,714$1,043$618$359$264
41 years$2,625$1,632$978$570$325$237
42 years$2,534$1,554$918$526$295$213
43 years$2,447$1,480$861$486$268$192
44 years$2,364$1,411$808$448$243$172
45 years$2,286$1,346$759$414$221$155
46 years$2,211$1,284$713$382$200$139
47 years$2,139$1,225$670$353$182$125
48 years$2,071$1,170$629$327$165$113
49 years$2,006$1,117$591$302$150$101
50 years$1,943$1,067$556$279$136$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,990,000, adding $3,122 every year, while hoping to spend $23,411 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: 66/22/12 Blend
40$1,990,000$1,990,000$1,990,000$1,990,000
41$2,196,200$2,090,730$2,059,885$2,335,042
42$2,395,304$2,168,267$2,103,982$2,505,526
43$2,613,931$2,248,818$2,148,772$2,688,747
44$2,854,049$2,332,507$2,194,253$2,888,410
45$3,117,824$2,419,462$2,240,422$3,106,121
46$3,407,643$2,509,817$2,287,277$3,343,646
47$3,726,135$2,603,710$2,334,814$3,602,929
48$4,076,197$2,701,289$2,383,026$3,886,110
49$4,461,020$2,802,703$2,431,909$4,195,544
50$4,884,121$2,908,112$2,481,454$4,533,824
51$5,349,372$3,017,680$2,531,654$4,903,805
52$5,861,041$3,131,580$2,582,498$5,308,629
53$6,423,831$3,249,991$2,633,975$5,751,756
54$7,042,922$3,373,100$2,686,073$6,236,996
55$7,724,021$3,501,104$2,738,778$6,768,544
56$8,473,418$3,634,205$2,792,074$7,351,019
57$9,298,043$3,772,617$2,845,945$7,989,509
58$10,205,530$3,916,562$2,900,370$8,689,614
59$11,204,292$4,066,271$2,955,331$9,457,505
60$12,303,598$4,221,987$3,010,803$10,299,978
61$13,513,662$4,383,961$3,066,762$11,224,515
62$14,845,739$4,552,458$3,123,181$12,239,359
63$16,312,228$4,727,752$3,180,031$13,353,591
64$17,926,794$4,910,131$3,237,281$14,577,210
65$19,704,493$5,099,894$3,294,896$15,921,233
66$21,661,916$5,297,354$3,352,840$17,397,794
67$23,817,345$5,502,837$3,411,074$19,020,259
68$26,190,924$5,716,686$3,469,555$20,803,356
69$28,804,851$5,939,256$3,528,237$22,763,303
70$31,683,585$6,170,919$3,587,073$24,917,973
71$34,854,081$6,412,064$3,646,009$27,287,052
72$38,346,038$6,663,096$3,704,992$29,892,229
73$42,192,185$6,924,439$3,763,960$32,757,399
74$46,428,587$7,196,536$3,822,852$35,908,885
75$51,094,986$7,479,849$3,881,600$39,375,693
76$56,235,173$7,774,861$3,940,133$43,189,775
77$61,897,408$8,082,075$3,998,374$47,386,339
78$68,134,867$8,402,021$4,056,243$52,004,172
79$75,006,150$8,735,247$4,113,654$57,086,013
80$82,575,833$9,082,329$4,170,517$62,678,949
81$90,915,073$9,443,868$4,226,734$68,834,863
82$100,102,286$9,820,493$4,282,205$75,610,919
83$110,223,881$10,212,860$4,336,822$83,070,105
84$121,375,081$10,621,654$4,390,469$91,281,820
85$133,660,817$11,047,592$4,443,027$100,322,535
86$147,196,720$11,491,424$4,494,369$110,276,508
87$162,110,214$11,953,933$4,544,359$121,236,580
88$178,541,717$12,435,936$4,592,856$133,305,052
89$196,645,965$12,938,290$4,639,709$146,594,646
90$216,593,475$13,461,889$4,684,762$161,229,569
91$238,572,155$14,007,666$4,727,847$177,346,686
92$262,789,074$14,576,601$4,768,788$195,096,807
93$289,472,419$15,169,714$4,807,402$214,646,108
94$318,873,649$15,788,074$4,843,494$236,177,706
95$351,269,869$16,432,797$4,876,858$259,893,375
96$386,966,443$17,105,051$4,907,280$286,015,456
97$426,299,880$17,806,058$4,934,534$314,788,953
98$469,641,007$18,537,094$4,958,380$346,483,843
99$517,398,473$19,299,495$4,978,569$381,397,620
100$570,022,604$20,094,658$4,994,838$419,858,105