Can I retire at age 41 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$122,217$121,128$120,066$119,030$118,017$115,872
2 years$60,503$59,377$58,285$57,226$56,199$54,045
3 years$39,935$38,803$37,714$36,665$35,655$33,559
4 years$29,653$28,525$27,446$26,415$25,429$23,409
5 years$23,485$22,364$21,299$20,289$19,331$17,391
6 years$19,375$18,262$17,213$16,226$15,296$13,439
7 years$16,440$15,336$14,304$13,340$12,440$10,666
8 years$14,239$13,146$12,131$11,191$10,320$8,629
9 years$12,529$11,446$10,448$9,532$8,691$7,082
10 years$11,162$10,089$9,109$8,217$7,405$5,876
11 years$10,044$8,982$8,020$7,151$6,369$4,919
12 years$9,112$8,061$7,117$6,272$5,519$4,146
13 years$8,325$7,285$6,359$5,537$4,813$3,514
14 years$7,651$6,622$5,713$4,916$4,219$2,992
15 years$7,067$6,049$5,158$4,384$3,714$2,558
16 years$6,557$5,550$4,677$3,925$3,283$2,194
17 years$6,107$5,111$4,256$3,527$2,911$1,886
18 years$5,708$4,723$3,885$3,178$2,588$1,626
19 years$5,351$4,377$3,556$2,872$2,307$1,404
20 years$5,030$4,068$3,264$2,601$2,061$1,214
21 years$4,740$3,789$3,002$2,361$1,844$1,052
22 years$4,477$3,537$2,767$2,146$1,653$912
23 years$4,237$3,308$2,555$1,955$1,484$792
24 years$4,017$3,099$2,363$1,783$1,334$688
25 years$3,816$2,909$2,188$1,628$1,200$598
26 years$3,630$2,734$2,030$1,489$1,081$521
27 years$3,458$2,573$1,885$1,363$975$453
28 years$3,299$2,424$1,752$1,248$879$395
29 years$3,151$2,287$1,630$1,145$794$344
30 years$3,013$2,160$1,519$1,051$717$300
31 years$2,884$2,042$1,416$965$649$262
32 years$2,763$1,932$1,321$887$587$228
33 years$2,650$1,829$1,233$816$531$199
34 years$2,544$1,734$1,152$750$481$174
35 years$2,445$1,645$1,077$691$435$152
36 years$2,351$1,561$1,008$636$395$133
37 years$2,262$1,483$943$586$358$116
38 years$2,178$1,409$883$540$324$101
39 years$2,099$1,340$828$498$294$88
40 years$2,023$1,275$776$459$267$77
41 years$1,952$1,213$727$424$242$67
42 years$1,884$1,156$682$391$220$59
43 years$1,820$1,101$640$361$199$51
44 years$1,758$1,050$601$333$181$45
45 years$1,700$1,001$564$308$164$39
46 years$1,644$955$530$284$149$34
47 years$1,591$911$498$263$135$30
48 years$1,540$870$468$243$123$26
49 years$1,492$831$440$224$112$23
50 years$1,445$793$414$207$101$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,480,000, adding $5,861 every year, while hoping to spend $47,992 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: 78/11/11 Blend
40$1,480,000$1,480,000$1,480,000$1,480,000
41$1,637,006$1,558,566$1,535,626$1,760,989
42$1,752,917$1,583,872$1,536,006$1,868,647
43$1,879,043$1,608,810$1,534,791$1,979,942
44$2,016,375$1,633,311$1,531,875$2,100,630
45$2,166,003$1,657,301$1,527,151$2,231,627
46$2,329,127$1,680,702$1,520,503$2,373,943
47$2,507,070$1,703,428$1,511,811$2,528,691
48$2,701,284$1,725,389$1,500,950$2,697,096
49$2,913,371$1,746,489$1,487,788$2,880,507
50$3,145,092$1,766,624$1,472,186$3,080,412
51$3,398,388$1,785,684$1,454,000$3,298,449
52$3,675,393$1,803,552$1,433,079$3,536,424
53$3,978,459$1,820,103$1,409,263$3,796,324
54$4,310,175$1,835,201$1,382,387$4,080,341
55$4,673,393$1,848,706$1,352,277$4,390,891
56$5,071,252$1,860,465$1,318,751$4,730,633
57$5,507,209$1,870,318$1,281,619$5,102,501
58$5,985,073$1,878,092$1,240,681$5,509,723
59$6,509,037$1,883,605$1,195,731$5,955,862
60$7,083,720$1,886,663$1,146,549$6,444,839
61$7,714,210$1,887,059$1,092,908$6,980,980
62$8,406,110$1,884,576$1,034,571$7,569,048
63$9,165,593$1,878,980$971,289$8,214,294
64$9,999,458$1,870,024$902,802$8,922,505
65$10,915,195$1,857,448$828,838$9,700,059
66$11,921,054$1,840,973$749,114$10,553,982
67$13,026,126$1,820,304$663,333$11,492,020
68$14,240,422$1,795,130$571,186$12,522,709
69$15,574,973$1,765,120$472,350$13,655,457
70$17,041,933$1,729,924$366,486$14,900,630
71$18,654,690$1,689,169$253,243$16,269,654
72$20,427,994$1,642,464$132,252$17,775,121
73$22,378,096$1,589,392$3,129$19,430,910
74$24,522,902$1,529,512$0$21,252,313
75$26,882,139$1,462,359$0$23,271,993
76$29,477,542$1,387,439$0$25,494,140
77$32,333,058$1,304,231$0$27,938,911
78$35,475,075$1,212,183$0$30,628,923
79$38,932,665$1,110,713$0$33,589,097
80$42,737,862$999,203$0$36,846,898
81$46,925,962$877,002$0$40,432,589
82$51,535,856$743,421$0$44,379,521
83$56,610,398$597,734$0$48,724,444
84$62,196,807$439,171$0$53,507,858
85$68,347,113$266,921$0$58,774,390
86$75,118,645$80,128$0$64,573,222
87$82,574,578$0$0$70,958,549
88$90,784,522$0$0$78,004,878
89$99,825,182$0$0$85,774,926
90$109,781,079$0$0$94,331,646
91$120,745,349$0$0$103,755,094
92$132,820,623$0$0$114,133,484
93$146,119,992$0$0$125,564,024
94$160,768,073$0$0$138,153,830
95$176,902,190$0$0$152,020,939
96$194,673,664$0$0$167,295,417
97$214,249,242$0$0$184,120,596
98$235,812,674$0$0$202,654,416
99$259,566,441$0$0$223,070,921
100$285,733,670$0$0$245,561,901