Can I retire at age 41 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$133,778$132,586$131,424$130,289$129,181$128,206
2 years$66,227$64,993$63,798$62,639$61,515$60,532
3 years$43,713$42,474$41,282$40,133$39,028$38,067
4 years$32,458$31,223$30,042$28,914$27,835$26,904
5 years$25,707$24,479$23,314$22,209$21,160$20,261
6 years$21,207$19,989$18,841$17,760$16,743$15,878
7 years$17,995$16,787$15,657$14,602$13,616$12,786
8 years$15,586$14,389$13,279$12,249$11,296$10,500
9 years$13,714$12,528$11,437$10,434$9,513$8,751
10 years$12,217$11,043$9,971$8,994$8,106$7,377
11 years$10,994$9,831$8,778$7,827$6,971$6,275
12 years$9,974$8,824$7,790$6,866$6,041$5,377
13 years$9,113$7,974$6,960$6,061$5,268$4,636
14 years$8,375$7,248$6,254$5,381$4,618$4,017
15 years$7,736$6,622$5,646$4,798$4,066$3,495
16 years$7,177$6,075$5,119$4,297$3,593$3,052
17 years$6,685$5,595$4,658$3,860$3,186$2,673
18 years$6,248$5,170$4,252$3,479$2,833$2,347
19 years$5,857$4,791$3,893$3,144$2,525$2,065
20 years$5,506$4,452$3,573$2,847$2,255$1,821
21 years$5,189$4,147$3,286$2,584$2,018$1,608
22 years$4,900$3,871$3,029$2,349$1,809$1,423
23 years$4,638$3,621$2,797$2,140$1,624$1,260
24 years$4,397$3,392$2,586$1,951$1,460$1,117
25 years$4,177$3,184$2,395$1,782$1,314$992
26 years$3,973$2,992$2,222$1,630$1,183$881
27 years$3,785$2,816$2,063$1,492$1,067$783
28 years$3,611$2,653$1,918$1,367$963$697
29 years$3,449$2,503$1,785$1,253$869$620
30 years$3,298$2,364$1,662$1,150$785$552
31 years$3,157$2,235$1,550$1,056$710$492
32 years$3,025$2,115$1,446$971$642$439
33 years$2,901$2,003$1,350$893$581$391
34 years$2,785$1,898$1,261$821$526$349
35 years$2,676$1,800$1,179$756$477$311
36 years$2,573$1,709$1,103$696$432$278
37 years$2,476$1,623$1,033$642$391$248
38 years$2,384$1,542$967$591$355$221
39 years$2,297$1,467$906$545$322$198
40 years$2,215$1,395$849$503$292$177
41 years$2,137$1,328$796$464$265$158
42 years$2,062$1,265$747$428$240$141
43 years$1,992$1,205$701$395$218$126
44 years$1,925$1,149$658$365$198$113
45 years$1,861$1,095$618$337$180$101
46 years$1,800$1,045$580$311$163$90
47 years$1,742$997$545$288$148$80
48 years$1,686$952$512$266$135$72
49 years$1,633$909$481$246$122$64
50 years$1,582$868$453$227$111$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,620,000, adding $2,493 every year, while hoping to spend $31,904 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: 62/19/19 Blend
40$1,620,000$1,620,000$1,620,000$1,620,000
41$1,787,812$1,701,952$1,676,842$1,889,790
42$1,936,223$1,751,402$1,699,070$2,008,293
43$2,098,703$1,802,205$1,720,974$2,133,817
44$2,276,652$1,854,396$1,742,509$2,270,117
45$2,471,615$1,908,005$1,763,627$2,418,246
46$2,685,291$1,963,068$1,784,280$2,579,360
47$2,919,551$2,019,619$1,804,413$2,754,736
48$3,176,457$2,077,692$1,823,973$2,945,778
49$3,458,279$2,137,323$1,842,900$3,154,034
50$3,767,519$2,198,547$1,861,132$3,381,206
51$4,106,930$2,261,400$1,878,605$3,629,172
52$4,479,549$2,325,920$1,895,249$3,899,999
53$4,888,716$2,392,143$1,910,993$4,195,964
54$5,338,114$2,460,108$1,925,761$4,519,575
55$5,831,799$2,529,850$1,939,471$4,873,596
56$6,374,240$2,601,411$1,952,041$5,261,071
57$6,970,359$2,674,826$1,963,381$5,685,353
58$7,625,580$2,750,137$1,973,398$6,150,137
59$8,345,877$2,827,381$1,981,995$6,659,495
60$9,137,832$2,906,599$1,989,068$7,217,911
61$10,008,698$2,987,830$1,994,509$7,830,328
62$10,966,465$3,071,113$1,998,205$8,502,190
63$12,019,936$3,156,489$2,000,036$9,239,496
64$13,178,810$3,243,998$1,999,878$10,048,858
65$14,453,774$3,333,679$1,997,599$10,937,558
66$15,856,602$3,425,572$1,993,062$11,913,622
67$17,400,268$3,519,717$1,986,121$12,985,895
68$19,099,065$3,616,154$1,976,626$14,164,121
69$20,968,745$3,714,920$1,964,419$15,459,038
70$23,026,662$3,816,057$1,949,332$16,882,479
71$25,291,938$3,919,600$1,931,191$18,447,483
72$27,785,644$4,025,589$1,909,814$20,168,417
73$30,530,997$4,134,060$1,885,010$22,061,114
74$33,553,579$4,245,049$1,856,578$24,143,022
75$36,881,580$4,358,592$1,824,309$26,433,366
76$40,546,061$4,474,723$1,787,983$28,953,334
77$44,581,249$4,593,475$1,747,371$31,726,273
78$49,024,861$4,714,880$1,702,233$34,777,909
79$53,918,456$4,838,967$1,652,316$38,136,597
80$59,307,829$4,965,767$1,597,359$41,833,578
81$65,243,443$5,095,305$1,537,086$45,903,284
82$71,780,905$5,227,606$1,471,209$50,383,656
83$78,981,491$5,362,693$1,399,429$55,316,505
84$86,912,724$5,500,585$1,321,430$60,747,908
85$95,649,008$5,641,300$1,236,885$66,728,642
86$105,272,336$5,784,853$1,145,450$73,314,662
87$115,873,058$5,931,255$1,046,766$80,567,631
88$127,550,737$6,080,513$940,459$88,555,502
89$140,415,085$6,232,631$826,138$97,353,161
90$154,587,003$6,387,609$703,393$107,043,131
91$170,199,719$6,545,444$571,798$117,716,354
92$187,400,044$6,706,124$430,907$129,473,049
93$206,349,761$6,869,637$280,255$142,423,658
94$227,227,149$7,035,961$119,355$156,689,890
95$250,228,666$7,205,071$0$172,405,868
96$275,570,805$7,376,935$0$189,730,013
97$303,492,135$7,551,512$0$208,841,107
98$334,255,553$7,728,757$0$229,894,541
99$368,150,767$7,908,614$0$253,088,241
100$405,497,030$8,091,020$0$278,640,321