Can I retire at age 41 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$125,520$124,402$123,311$122,247$121,207$118,954
2 years$62,139$60,981$59,860$58,772$57,718$55,457
3 years$41,014$39,852$38,733$37,656$36,618$34,419
4 years$30,454$29,295$28,188$27,129$26,117$23,997
5 years$24,120$22,968$21,875$20,838$19,853$17,818
6 years$19,898$18,755$17,678$16,664$15,709$13,762
7 years$16,884$15,751$14,691$13,700$12,776$10,916
8 years$14,624$13,501$12,459$11,493$10,599$8,826
9 years$12,868$11,755$10,731$9,789$8,926$7,239
10 years$11,463$10,362$9,355$8,439$7,605$6,003
11 years$10,315$9,224$8,236$7,344$6,541$5,022
12 years$9,359$8,279$7,310$6,442$5,668$4,230
13 years$8,550$7,482$6,531$5,687$4,943$3,583
14 years$7,858$6,801$5,868$5,048$4,333$3,049
15 years$7,258$6,213$5,298$4,502$3,815$2,605
16 years$6,734$5,700$4,803$4,031$3,372$2,232
17 years$6,272$5,250$4,371$3,622$2,989$1,918
18 years$5,862$4,851$3,990$3,264$2,658$1,652
19 years$5,495$4,496$3,653$2,950$2,369$1,425
20 years$5,166$4,178$3,352$2,671$2,116$1,232
21 years$4,868$3,891$3,083$2,424$1,894$1,066
22 years$4,598$3,632$2,842$2,204$1,698$924
23 years$4,352$3,397$2,624$2,008$1,524$802
24 years$4,126$3,183$2,427$1,831$1,370$696
25 years$3,919$2,987$2,248$1,672$1,232$605
26 years$3,728$2,807$2,084$1,529$1,110$526
27 years$3,551$2,642$1,936$1,399$1,001$457
28 years$3,388$2,490$1,799$1,282$903$398
29 years$3,236$2,349$1,675$1,176$815$347
30 years$3,094$2,218$1,560$1,079$737$302
31 years$2,962$2,097$1,454$991$666$263
32 years$2,838$1,984$1,357$911$603$229
33 years$2,722$1,879$1,267$838$545$200
34 years$2,613$1,781$1,184$771$494$174
35 years$2,511$1,689$1,107$709$447$152
36 years$2,414$1,603$1,035$653$405$133
37 years$2,323$1,523$969$602$367$116
38 years$2,237$1,447$907$555$333$101
39 years$2,155$1,376$850$512$302$88
40 years$2,078$1,309$797$472$274$77
41 years$2,005$1,246$747$435$248$67
42 years$1,935$1,187$701$402$225$59
43 years$1,869$1,131$658$371$205$51
44 years$1,806$1,078$617$342$186$45
45 years$1,746$1,028$580$316$169$39
46 years$1,689$981$544$292$153$34
47 years$1,634$936$511$270$139$30
48 years$1,582$893$481$249$126$26
49 years$1,532$853$452$231$115$23
50 years$1,484$815$425$213$104$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,520,000, adding $2,171 every year, while hoping to spend $45,752 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: 68/22/10 Blend
40$1,520,000$1,520,000$1,520,000$1,520,000
41$1,677,279$1,596,719$1,573,159$1,787,776
42$1,799,682$1,626,279$1,577,180$1,890,988
43$1,933,036$1,655,753$1,579,803$1,998,120
44$2,078,411$1,685,090$1,580,931$2,114,077
45$2,236,983$1,714,233$1,580,466$2,239,718
46$2,410,046$1,743,121$1,578,302$2,375,988
47$2,599,025$1,771,689$1,574,330$2,523,929
48$2,805,490$1,799,866$1,568,434$2,684,688
49$3,031,167$1,827,576$1,560,494$2,859,530
50$3,277,957$1,854,739$1,550,382$3,049,848
51$3,547,956$1,881,268$1,537,967$3,257,177
52$3,843,467$1,907,070$1,523,108$3,483,209
53$4,167,029$1,932,045$1,505,660$3,729,809
54$4,521,437$1,956,086$1,485,472$3,999,030
55$4,909,771$1,979,081$1,462,382$4,293,138
56$5,335,419$2,000,908$1,436,223$4,614,627
57$5,802,117$2,021,438$1,406,822$4,966,248
58$6,313,976$2,040,531$1,373,993$5,351,032
59$6,875,525$2,058,042$1,337,546$5,772,320
60$7,491,755$2,073,812$1,297,281$6,233,793
61$8,168,161$2,087,675$1,252,986$6,739,510
62$8,910,796$2,099,454$1,204,444$7,293,943
63$9,726,328$2,108,958$1,151,424$7,902,022
64$10,622,104$2,115,987$1,093,686$8,569,180
65$11,606,214$2,120,327$1,030,981$9,301,408
66$12,687,575$2,121,749$963,046$10,105,305
67$13,876,007$2,120,014$889,606$10,988,147
68$15,182,329$2,114,864$810,378$11,957,954
69$16,618,461$2,106,027$725,060$13,023,564
70$18,197,536$2,093,215$633,342$14,194,719
71$19,934,023$2,076,120$534,897$15,482,159
72$21,843,862$2,054,419$429,385$16,897,717
73$23,944,617$2,027,766$316,449$18,454,441
74$26,255,637$1,995,797$195,721$20,166,707
75$28,798,245$1,958,124$66,810$22,050,364
76$31,595,932$1,914,338$0$24,122,880
77$34,674,582$1,864,004$0$26,411,057
78$38,062,713$1,806,665$0$28,936,664
79$41,791,751$1,741,832$0$31,716,000
80$45,896,319$1,668,992$0$34,774,894
81$50,414,570$1,587,599$0$38,141,808
82$55,388,543$1,497,078$0$41,848,112
83$60,864,560$1,396,820$0$45,928,377
84$66,893,661$1,286,181$0$50,420,702
85$73,532,090$1,164,479$0$55,367,077
86$80,841,819$1,030,994$0$60,813,774
87$88,891,139$884,967$0$66,811,793
88$97,755,298$725,593$0$73,417,336
89$107,517,215$552,024$0$80,692,343
90$118,268,260$363,363$0$88,705,076
91$130,109,117$158,662$0$97,530,765
92$143,150,733$0$0$107,252,318
93$157,515,363$0$0$117,976,375
94$173,337,728$0$0$129,831,154
95$190,766,283$0$0$142,889,487
96$209,964,615$0$0$157,273,960
97$231,112,992$0$0$173,119,657
98$254,410,062$0$0$190,575,433
99$280,074,724$0$0$209,805,322
100$308,348,199$0$0$230,990,082