Can I retire at age 41 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$132,127$130,950$129,801$128,681$127,586$123,651
2 years$65,409$64,191$63,010$61,866$60,755$56,825
3 years$43,173$41,950$40,772$39,638$38,546$34,743
4 years$32,057$30,837$29,671$28,557$27,491$23,846
5 years$25,389$24,177$23,026$21,934$20,898$17,421
6 years$20,945$19,742$18,609$17,541$16,536$13,229
7 years$17,773$16,579$15,464$14,422$13,448$10,311
8 years$15,394$14,212$13,115$12,098$11,157$8,187
9 years$13,545$12,374$11,296$10,305$9,396$6,591
10 years$12,067$10,907$9,848$8,883$8,005$5,361
11 years$10,858$9,710$8,670$7,731$6,885$4,397
12 years$9,851$8,715$7,694$6,781$5,966$3,629
13 years$9,000$7,876$6,874$5,986$5,203$3,011
14 years$8,271$7,159$6,177$5,314$4,561$2,508
15 years$7,640$6,540$5,577$4,739$4,016$2,097
16 years$7,089$6,000$5,056$4,243$3,549$1,758
17 years$6,602$5,526$4,601$3,813$3,147$1,477
18 years$6,171$5,106$4,200$3,436$2,798$1,243
19 years$5,785$4,732$3,845$3,105$2,494$1,048
20 years$5,438$4,398$3,529$2,812$2,228$885
21 years$5,124$4,096$3,246$2,552$1,993$748
22 years$4,840$3,824$2,991$2,320$1,787$633
23 years$4,581$3,576$2,762$2,113$1,604$536
24 years$4,343$3,351$2,554$1,927$1,442$454
25 years$4,125$3,144$2,366$1,760$1,297$385
26 years$3,924$2,955$2,194$1,609$1,169$326
27 years$3,738$2,781$2,038$1,473$1,054$277
28 years$3,566$2,621$1,894$1,350$951$235
29 years$3,406$2,472$1,763$1,238$858$199
30 years$3,257$2,335$1,642$1,136$776$169
31 years$3,118$2,207$1,531$1,043$701$144
32 years$2,987$2,088$1,428$959$634$122
33 years$2,865$1,978$1,333$882$574$104
34 years$2,751$1,875$1,246$811$520$88
35 years$2,643$1,778$1,165$747$471$75
36 years$2,541$1,688$1,090$688$427$64
37 years$2,445$1,603$1,020$634$387$54
38 years$2,355$1,523$955$584$350$46
39 years$2,269$1,448$895$539$318$39
40 years$2,187$1,378$839$497$288$33
41 years$2,110$1,312$786$458$262$28
42 years$2,037$1,249$738$423$237$24
43 years$1,967$1,190$692$390$215$20
44 years$1,901$1,135$650$361$195$17
45 years$1,838$1,082$610$333$177$15
46 years$1,778$1,032$573$308$161$13
47 years$1,720$985$538$284$146$11
48 years$1,665$940$506$263$133$9
49 years$1,612$898$476$243$121$8
50 years$1,562$858$447$224$110$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,600,000, adding $5,660 every year, while hoping to spend $43,720 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: 54/17/29 Blend
40$1,600,000$1,600,000$1,600,000$1,600,000
41$1,769,038$1,684,238$1,659,438$1,850,001
42$1,902,962$1,720,248$1,668,512$1,942,666
43$2,049,082$1,756,557$1,676,424$2,038,572
44$2,208,593$1,793,134$1,683,090$2,142,126
45$2,382,816$1,829,944$1,688,419$2,254,078
46$2,573,202$1,866,950$1,692,320$2,375,259
47$2,781,348$1,904,109$1,694,692$2,506,581
48$3,009,013$1,941,379$1,695,432$2,649,054
49$3,258,136$1,978,710$1,694,432$2,803,788
50$3,530,849$2,016,049$1,691,579$2,972,011
51$3,829,500$2,053,341$1,686,751$3,155,073
52$4,156,677$2,090,522$1,679,825$3,354,465
53$4,515,227$2,127,527$1,670,669$3,571,832
54$4,908,289$2,164,284$1,659,145$3,808,987
55$5,339,317$2,200,717$1,645,108$4,067,929
56$5,812,117$2,236,741$1,628,409$4,350,862
57$6,330,880$2,272,269$1,608,888$4,660,218
58$6,900,224$2,307,204$1,586,380$4,998,678
59$7,525,234$2,341,445$1,560,711$5,369,198
60$8,211,513$2,374,881$1,531,700$5,775,038
61$8,965,231$2,407,394$1,499,156$6,219,792
62$9,793,187$2,438,859$1,462,880$6,707,424
63$10,702,870$2,469,141$1,422,665$7,242,304
64$11,702,530$2,498,096$1,378,291$7,829,252
65$12,801,257$2,525,571$1,329,532$8,473,580
66$14,009,063$2,551,402$1,276,150$9,181,146
67$15,336,981$2,575,414$1,217,894$9,958,411
68$16,797,165$2,597,421$1,154,505$10,812,496
69$18,403,005$2,617,225$1,085,711$11,751,253
70$20,169,256$2,634,613$1,011,227$12,783,338
71$22,112,173$2,649,362$930,756$13,918,296
72$24,249,666$2,661,231$843,987$15,166,649
73$26,601,467$2,669,967$750,595$16,539,997
74$29,189,319$2,675,298$650,243$18,051,130
75$32,037,179$2,676,937$542,576$19,714,147
76$35,171,443$2,674,579$427,224$21,544,590
77$38,621,197$2,667,899$303,802$23,559,594
78$42,418,486$2,656,553$171,907$25,778,048
79$46,598,623$2,640,176$31,117$28,220,774
80$51,200,518$2,618,381$0$30,910,727
81$56,267,045$2,590,755$0$33,910,071
82$61,845,446$2,556,864$0$37,222,510
83$67,987,778$2,516,247$0$40,869,297
84$74,751,401$2,468,413$0$44,884,479
85$82,199,523$2,412,844$0$49,305,577
86$90,401,793$2,348,993$0$54,173,937
87$99,434,959$2,276,277$0$59,535,127
88$109,383,592$2,194,081$0$65,439,361
89$120,340,883$2,101,756$0$71,941,978
90$132,409,523$1,998,611$0$79,103,964
91$145,702,671$1,883,920$0$86,992,527
92$160,345,023$1,756,911$0$95,681,730
93$176,473,985$1,616,770$0$105,253,196
94$194,240,976$1,462,636$0$115,796,876
95$213,812,849$1,293,599$0$127,411,896
96$235,373,471$1,108,696$0$140,207,499
97$259,125,455$906,912$0$154,304,073
98$285,292,074$687,174$0$169,834,291
99$314,119,367$448,346$0$186,944,361
100$345,878,459$189,233$0$205,795,409