Can I retire at age 41 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$128,823$127,676$126,556$125,464$124,397$120,802
2 years$63,774$62,586$61,435$60,319$59,236$55,643
3 years$42,094$40,901$39,753$38,647$37,582$34,103
4 years$31,256$30,066$28,930$27,843$26,804$23,466
5 years$24,754$23,572$22,451$21,386$20,376$17,188
6 years$20,422$19,249$18,143$17,103$16,123$13,088
7 years$17,328$16,165$15,077$14,061$13,112$10,230
8 years$15,009$13,856$12,787$11,795$10,878$8,147
9 years$13,206$12,064$11,013$10,047$9,161$6,578
10 years$11,765$10,634$9,602$8,661$7,805$5,368
11 years$10,586$9,467$8,453$7,537$6,713$4,417
12 years$9,605$8,497$7,502$6,611$5,817$3,658
13 years$8,775$7,679$6,702$5,837$5,073$3,045
14 years$8,065$6,980$6,022$5,181$4,447$2,545
15 years$7,449$6,376$5,437$4,621$3,915$2,135
16 years$6,911$5,850$4,930$4,137$3,460$1,796
17 years$6,437$5,388$4,486$3,717$3,068$1,515
18 years$6,016$4,979$4,095$3,350$2,728$1,280
19 years$5,640$4,614$3,749$3,027$2,432$1,083
20 years$5,302$4,288$3,440$2,742$2,172$918
21 years$4,996$3,994$3,164$2,488$1,944$779
22 years$4,719$3,728$2,917$2,262$1,742$661
23 years$4,466$3,487$2,693$2,060$1,564$562
24 years$4,235$3,267$2,491$1,879$1,406$478
25 years$4,022$3,066$2,307$1,716$1,265$407
26 years$3,826$2,881$2,139$1,569$1,139$347
27 years$3,645$2,712$1,987$1,436$1,027$295
28 years$3,477$2,555$1,847$1,316$927$252
29 years$3,321$2,411$1,719$1,207$837$214
30 years$3,175$2,276$1,601$1,108$756$183
31 years$3,040$2,152$1,492$1,017$684$156
32 years$2,913$2,036$1,392$935$618$133
33 years$2,794$1,928$1,300$860$560$114
34 years$2,682$1,828$1,215$791$507$97
35 years$2,577$1,733$1,136$728$459$83
36 years$2,478$1,645$1,062$671$416$71
37 years$2,384$1,563$994$618$377$60
38 years$2,296$1,485$931$569$342$51
39 years$2,212$1,412$872$525$310$44
40 years$2,133$1,344$818$484$281$37
41 years$2,058$1,279$767$447$255$32
42 years$1,986$1,218$719$412$231$27
43 years$1,918$1,161$675$381$210$23
44 years$1,854$1,106$634$351$191$20
45 years$1,792$1,055$595$325$173$17
46 years$1,733$1,006$559$300$157$15
47 years$1,677$960$525$277$143$12
48 years$1,623$917$493$256$130$11
49 years$1,572$875$464$237$118$9
50 years$1,523$836$436$219$107$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,560,000, adding $4,505 every year, while hoping to spend $45,038 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: 67/25/8 Blend
40$1,560,000$1,560,000$1,560,000$1,560,000
41$1,723,767$1,641,087$1,616,907$1,836,400
42$1,851,671$1,673,580$1,623,153$1,944,252
43$1,991,112$1,706,156$1,628,099$2,056,284
44$2,143,219$1,738,771$1,631,654$2,177,568
45$2,309,234$1,771,378$1,633,722$2,309,000
46$2,490,527$1,803,926$1,634,202$2,451,569
47$2,688,603$1,836,360$1,632,990$2,606,364
48$2,905,119$1,868,621$1,629,974$2,774,584
49$3,141,902$1,900,645$1,625,039$2,957,552
50$3,400,962$1,932,362$1,618,063$3,156,723
51$3,684,511$1,963,698$1,608,919$3,373,702
52$3,994,986$1,994,575$1,597,473$3,610,256
53$4,335,072$2,024,906$1,583,586$3,868,332
54$4,707,723$2,054,600$1,567,110$4,150,077
55$5,116,194$2,083,559$1,547,892$4,457,856
56$5,564,071$2,111,678$1,525,771$4,794,274
57$6,055,300$2,138,845$1,500,578$5,162,204
58$6,594,232$2,164,939$1,472,139$5,564,811
59$7,185,655$2,189,833$1,440,267$6,005,582
60$7,834,846$2,213,389$1,404,770$6,488,361
61$8,547,616$2,235,461$1,365,446$7,017,385
62$9,330,368$2,255,893$1,322,083$7,597,322
63$10,190,154$2,274,520$1,274,461$8,233,317
64$11,134,742$2,291,165$1,222,348$8,931,042
65$12,172,692$2,305,638$1,165,504$9,696,747
66$13,313,433$2,317,741$1,103,674$10,537,319
67$14,567,352$2,327,259$1,036,596$11,460,352
68$15,945,893$2,333,965$963,992$12,474,213
69$17,461,664$2,337,619$885,576$13,588,124
70$19,128,556$2,337,965$801,046$14,812,249
71$20,961,874$2,334,731$710,086$16,157,792
72$22,978,480$2,327,628$612,369$17,637,100
73$25,196,953$2,316,349$507,551$19,263,781
74$27,637,761$2,300,570$395,273$21,052,835
75$30,323,460$2,279,945$275,162$23,020,794
76$33,278,900$2,254,109$146,826$25,185,876
77$36,531,461$2,222,674$9,859$27,568,165
78$40,111,314$2,185,229$0$30,189,793
79$44,051,702$2,141,339$0$33,086,789
80$48,389,254$2,090,543$0$36,276,059
81$53,164,332$2,032,353$0$39,786,432
82$58,421,407$1,966,252$0$43,650,609
83$64,209,485$1,891,693$0$47,904,629
84$70,582,564$1,808,097$0$52,588,207
85$77,600,143$1,714,851$0$57,745,117
86$85,327,787$1,611,309$0$63,423,595
87$93,837,743$1,496,784$0$69,676,805
88$103,209,620$1,370,554$0$76,563,336
89$113,531,141$1,231,851$0$84,147,757
90$124,898,973$1,079,867$0$92,501,228
91$137,419,635$913,748$0$101,702,173
92$151,210,505$732,589$0$111,837,019
93$166,400,927$535,436$0$123,001,016
94$183,133,431$321,281$0$135,299,135
95$201,565,078$89,061$0$148,847,062
96$221,868,942$0$0$163,772,290
97$244,235,743$0$0$180,259,985
98$268,875,648$0$0$198,450,437
99$296,020,250$0$0$218,490,140
100$325,924,759$0$0$240,567,521