Can I retire at age 41 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$142,036$140,771$139,536$138,332$137,155$132,606
2 years$70,315$69,005$67,736$66,506$65,312$60,773
3 years$46,411$45,096$43,830$42,611$41,437$37,050
4 years$34,461$33,150$31,897$30,699$29,553$25,352
5 years$27,293$25,990$24,753$23,580$22,466$18,462
6 years$22,516$21,223$20,004$18,857$17,776$13,974
7 years$19,106$17,823$16,624$15,503$14,457$10,854
8 years$16,549$15,278$14,098$13,005$11,993$8,588
9 years$14,561$13,302$12,143$11,078$10,100$6,888
10 years$12,972$11,725$10,586$9,549$8,606$5,582
11 years$11,672$10,438$9,320$8,310$7,401$4,560
12 years$10,590$9,369$8,271$7,289$6,414$3,749
13 years$9,675$8,466$7,390$6,435$5,593$3,098
14 years$8,892$7,696$6,640$5,713$4,903$2,570
15 years$8,213$7,030$5,995$5,095$4,317$2,139
16 years$7,620$6,450$5,435$4,562$3,815$1,785
17 years$7,098$5,940$4,946$4,099$3,383$1,494
18 years$6,633$5,489$4,515$3,694$3,008$1,252
19 years$6,219$5,087$4,133$3,338$2,681$1,051
20 years$5,846$4,727$3,793$3,023$2,395$883
21 years$5,509$4,403$3,489$2,743$2,143$743
22 years$5,203$4,110$3,216$2,494$1,921$625
23 years$4,924$3,844$2,969$2,272$1,724$527
24 years$4,669$3,602$2,746$2,072$1,550$444
25 years$4,434$3,380$2,543$1,892$1,395$375
26 years$4,218$3,177$2,359$1,730$1,256$316
27 years$4,019$2,990$2,190$1,584$1,133$267
28 years$3,834$2,817$2,036$1,451$1,022$226
29 years$3,661$2,658$1,895$1,331$923$191
30 years$3,501$2,510$1,765$1,221$834$161
31 years$3,352$2,373$1,645$1,121$754$136
32 years$3,212$2,245$1,535$1,031$682$115
33 years$3,080$2,126$1,433$948$617$97
34 years$2,957$2,015$1,339$872$559$82
35 years$2,841$1,911$1,252$803$506$70
36 years$2,732$1,814$1,171$739$459$59
37 years$2,629$1,723$1,096$681$416$50
38 years$2,531$1,637$1,027$628$377$42
39 years$2,439$1,557$962$579$342$36
40 years$2,352$1,481$902$534$310$30
41 years$2,269$1,410$845$493$281$25
42 years$2,190$1,343$793$455$255$22
43 years$2,115$1,280$744$420$232$18
44 years$2,044$1,220$699$388$210$15
45 years$1,976$1,163$656$358$191$13
46 years$1,911$1,110$616$331$173$11
47 years$1,849$1,059$579$305$157$9
48 years$1,790$1,011$544$282$143$8
49 years$1,733$965$511$261$130$7
50 years$1,679$922$481$241$118$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,720,000, adding $5,045 every year, while hoping to spend $22,951 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: 63/8/29 Blend
40$1,720,000$1,720,000$1,720,000$1,720,000
41$1,900,644$1,809,484$1,782,824$2,005,327
42$2,070,090$1,873,729$1,818,129$2,141,247
43$2,256,050$1,940,353$1,853,847$2,286,708
44$2,460,185$2,009,448$1,889,969$2,445,117
45$2,684,323$2,081,110$1,926,482$2,617,748
46$2,930,479$2,155,439$1,963,374$2,806,005
47$3,200,872$2,232,540$2,000,631$3,011,433
48$3,497,947$2,312,520$2,038,238$3,235,733
49$3,824,397$2,395,493$2,076,179$3,480,781
50$4,183,189$2,481,576$2,114,434$3,748,640
51$4,577,592$2,570,891$2,152,986$4,041,585
52$5,011,207$2,663,565$2,191,812$4,362,120
53$5,488,002$2,759,732$2,230,889$4,713,004
54$6,012,348$2,859,529$2,270,194$5,097,276
55$6,589,062$2,963,100$2,309,699$5,518,284
56$7,223,449$3,070,595$2,349,377$5,979,716
57$7,921,356$3,182,169$2,389,197$6,485,635
58$8,689,225$3,297,986$2,429,125$7,040,518
59$9,534,153$3,418,214$2,469,128$7,649,295
60$10,463,960$3,543,030$2,509,167$8,317,400
61$11,487,264$3,672,618$2,549,204$9,050,817
62$12,613,557$3,807,169$2,589,195$9,856,144
63$13,853,303$3,946,883$2,629,096$10,740,644
64$15,218,027$4,091,967$2,668,857$11,712,325
65$16,720,431$4,242,639$2,708,429$12,780,007
66$18,374,510$4,399,124$2,747,757$13,953,410
67$20,195,686$4,561,657$2,786,783$15,243,242
68$22,200,952$4,730,484$2,825,446$16,661,304
69$24,409,032$4,905,861$2,863,682$18,220,598
70$26,840,560$5,088,054$2,901,421$19,935,449
71$29,518,270$5,277,342$2,938,592$21,821,644
72$32,467,215$5,474,013$2,975,116$23,896,578
73$35,715,003$5,678,372$3,010,914$26,179,418
74$39,292,053$5,890,732$3,045,900$28,691,284
75$43,231,886$6,111,422$3,079,982$31,455,450
76$47,571,443$6,340,785$3,113,065$34,497,561
77$52,351,426$6,579,180$3,145,049$37,845,876
78$57,616,690$6,826,978$3,175,826$41,531,535
79$63,416,661$7,084,569$3,205,285$45,588,853
80$69,805,806$7,352,358$3,233,308$50,055,641
81$76,844,144$7,630,770$3,259,770$54,973,567
82$84,597,814$7,920,245$3,284,540$60,388,548
83$93,139,699$8,221,245$3,307,480$66,351,180
84$102,550,113$8,534,251$3,328,445$72,917,218
85$112,917,559$8,859,764$3,347,282$80,148,105
86$124,339,566$9,198,308$3,363,832$88,111,546
87$136,923,607$9,550,430$3,377,925$96,882,150
88$150,788,114$9,916,700$3,389,385$106,542,137
89$166,063,597$10,297,714$3,398,025$117,182,107
90$182,893,875$10,694,093$3,403,650$128,901,903
91$201,437,432$11,106,486$3,406,054$141,811,548
92$221,868,917$11,535,570$3,405,024$156,032,284
93$244,380,786$11,982,053$3,400,332$171,697,720
94$269,185,125$12,446,672$3,391,742$188,955,088
95$296,515,648$12,930,199$3,379,005$207,966,638
96$326,629,904$13,433,439$3,361,861$228,911,164
97$359,811,708$13,957,231$3,340,038$251,985,699
98$396,373,821$14,502,454$3,313,248$277,407,368
99$436,660,902$15,070,025$3,281,192$305,415,440
100$481,052,758$15,660,901$3,243,557$336,273,587