Can I retire at age 41 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$127,172$126,039$124,934$123,855$122,802$119,542
2 years$62,956$61,784$60,647$59,546$58,477$55,216
3 years$41,554$40,376$39,243$38,152$37,100$33,939
4 years$30,855$29,681$28,559$27,486$26,460$23,424
5 years$24,437$23,270$22,163$21,112$20,115$17,212
6 years$20,160$19,002$17,911$16,883$15,916$13,149
7 years$17,106$15,958$14,884$13,881$12,944$10,313
8 years$14,817$13,679$12,623$11,644$10,738$8,242
9 years$13,037$11,910$10,872$9,918$9,043$6,679
10 years$11,614$10,498$9,478$8,550$7,705$5,471
11 years$10,451$9,346$8,345$7,441$6,627$4,519
12 years$9,482$8,388$7,406$6,527$5,743$3,757
13 years$8,663$7,580$6,617$5,762$5,008$3,140
14 years$7,961$6,890$5,945$5,115$4,390$2,636
15 years$7,354$6,295$5,368$4,562$3,865$2,220
16 years$6,823$5,775$4,866$4,084$3,416$1,876
17 years$6,355$5,319$4,428$3,670$3,029$1,589
18 years$5,939$4,915$4,042$3,307$2,693$1,349
19 years$5,568$4,555$3,701$2,988$2,400$1,146
20 years$5,234$4,233$3,396$2,707$2,144$976
21 years$4,932$3,943$3,124$2,456$1,919$832
22 years$4,658$3,680$2,879$2,233$1,720$710
23 years$4,409$3,442$2,658$2,034$1,544$606
24 years$4,180$3,225$2,459$1,855$1,388$518
25 years$3,970$3,026$2,277$1,694$1,249$443
26 years$3,777$2,844$2,112$1,549$1,125$379
27 years$3,598$2,677$1,961$1,418$1,014$325
28 years$3,432$2,522$1,823$1,299$915$278
29 years$3,278$2,380$1,697$1,191$826$238
30 years$3,135$2,247$1,580$1,093$747$204
31 years$3,001$2,124$1,473$1,004$675$175
32 years$2,875$2,010$1,375$923$611$150
33 years$2,758$1,904$1,283$849$553$129
34 years$2,648$1,804$1,199$781$500$110
35 years$2,544$1,711$1,121$719$453$95
36 years$2,446$1,624$1,049$662$411$81
37 years$2,354$1,543$982$610$372$70
38 years$2,266$1,466$919$562$337$60
39 years$2,184$1,394$861$518$306$51
40 years$2,105$1,326$807$478$277$44
41 years$2,031$1,263$757$441$252$38
42 years$1,961$1,202$710$407$228$32
43 years$1,894$1,146$666$376$207$28
44 years$1,830$1,092$625$347$188$24
45 years$1,769$1,041$587$320$171$20
46 years$1,711$993$552$296$155$18
47 years$1,656$948$518$273$141$15
48 years$1,603$905$487$253$128$13
49 years$1,552$864$458$234$116$11
50 years$1,504$826$430$216$106$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,540,000, adding $2,378 every year, while hoping to spend $52,538 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: 71/11/18 Blend
40$1,540,000$1,540,000$1,540,000$1,540,000
41$1,699,533$1,617,913$1,594,043$1,812,774
42$1,816,985$1,641,291$1,591,543$1,911,796
43$1,944,657$1,664,053$1,587,199$2,013,654
44$2,083,535$1,686,114$1,580,893$2,123,840
45$2,234,704$1,707,383$1,572,502$2,243,169
46$2,399,361$1,727,762$1,561,898$2,372,540
47$2,578,819$1,747,145$1,548,945$2,512,946
48$2,774,526$1,765,423$1,533,501$2,665,479
49$2,988,074$1,782,474$1,515,420$2,831,345
50$3,221,215$1,798,174$1,494,545$3,011,871
51$3,475,881$1,812,386$1,470,714$3,208,522
52$3,754,195$1,824,967$1,443,756$3,422,913
53$4,058,495$1,835,763$1,413,495$3,656,821
54$4,391,358$1,844,611$1,379,743$3,912,209
55$4,755,617$1,851,338$1,342,305$4,191,239
56$5,154,396$1,855,760$1,300,978$4,496,294
57$5,591,132$1,857,679$1,255,549$4,830,004
58$6,069,611$1,856,889$1,205,793$5,195,263
59$6,594,003$1,853,169$1,151,479$5,595,267
60$7,168,899$1,846,282$1,092,362$6,033,535
61$7,799,358$1,835,981$1,028,187$6,513,950
62$8,490,949$1,822,000$958,688$7,040,788
63$9,249,808$1,804,061$883,586$7,618,768
64$10,082,694$1,781,865$802,591$8,253,089
65$10,997,050$1,755,098$715,399$8,949,483
66$12,001,077$1,723,425$621,693$9,714,268
67$13,103,808$1,686,494$521,141$10,554,411
68$14,315,194$1,643,930$413,397$11,477,589
69$15,646,198$1,595,337$298,100$12,492,267
70$17,108,896$1,540,294$174,872$13,607,777
71$18,716,593$1,478,358$43,320$14,834,404
72$20,483,947$1,409,059$0$16,183,485
73$22,427,106$1,331,899$0$17,686,163
74$24,563,861$1,246,353$0$19,347,662
75$26,913,816$1,151,865$0$21,174,925
76$29,498,565$1,047,847$0$23,184,781
77$32,341,905$933,677$0$25,395,776
78$35,470,051$808,699$0$27,828,347
79$38,911,891$672,220$0$30,505,013
80$42,699,250$523,505$0$33,450,592
81$46,867,199$361,782$0$36,692,432
82$51,454,376$186,232$0$40,260,671
83$56,503,356$0$0$44,188,520
84$62,061,053$0$0$48,513,065
85$68,179,157$0$0$53,298,582
86$74,914,625$0$0$58,567,093
87$82,330,219$0$0$64,367,703
88$90,495,094$0$0$70,754,517
89$99,485,453$0$0$77,787,158
90$109,385,264$0$0$85,531,322
91$120,287,053$0$0$94,059,402
92$132,292,776$0$0$103,451,169
93$145,514,780$0$0$113,794,523
94$160,076,866$0$0$125,186,327
95$176,115,451$0$0$137,733,315
96$193,780,860$0$0$151,553,102
97$213,238,742$0$0$166,775,293
98$234,671,634$0$0$183,542,707
99$258,280,681$0$0$202,012,722
100$284,287,535$0$0$222,358,760