Can I retire at age 41 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$143,688$142,408$141,159$139,940$138,750$134,094
2 years$71,132$69,808$68,524$67,279$66,071$61,426
3 years$46,951$45,620$44,339$43,106$41,918$37,430
4 years$34,862$33,536$32,268$31,056$29,897$25,600
5 years$27,611$26,292$25,041$23,854$22,727$18,633
6 years$22,778$21,470$20,237$19,076$17,983$14,095
7 years$19,328$18,030$16,817$15,683$14,625$10,942
8 years$16,741$15,455$14,262$13,156$12,133$8,653
9 years$14,730$13,457$12,284$11,206$10,218$6,936
10 years$13,122$11,861$10,709$9,660$8,706$5,617
11 years$11,808$10,559$9,428$8,407$7,487$4,586
12 years$10,713$9,478$8,367$7,374$6,488$3,768
13 years$9,788$8,565$7,476$6,510$5,658$3,111
14 years$8,995$7,785$6,717$5,779$4,960$2,579
15 years$8,309$7,112$6,065$5,154$4,367$2,145
16 years$7,709$6,525$5,498$4,615$3,860$1,789
17 years$7,180$6,009$5,003$4,146$3,422$1,496
18 years$6,711$5,553$4,567$3,737$3,043$1,252
19 years$6,291$5,146$4,181$3,376$2,712$1,050
20 years$5,914$4,782$3,837$3,058$2,423$882
21 years$5,573$4,455$3,530$2,775$2,168$741
22 years$5,263$4,158$3,253$2,523$1,943$624
23 years$4,981$3,889$3,004$2,298$1,744$525
24 years$4,723$3,644$2,778$2,096$1,568$443
25 years$4,486$3,419$2,573$1,914$1,411$373
26 years$4,267$3,214$2,386$1,750$1,271$315
27 years$4,065$3,025$2,216$1,602$1,146$265
28 years$3,878$2,850$2,060$1,468$1,034$224
29 years$3,704$2,689$1,917$1,346$934$189
30 years$3,542$2,539$1,786$1,235$843$160
31 years$3,391$2,400$1,665$1,135$763$135
32 years$3,249$2,271$1,553$1,043$690$114
33 years$3,116$2,151$1,450$959$624$96
34 years$2,991$2,039$1,355$882$565$81
35 years$2,874$1,934$1,267$812$512$69
36 years$2,764$1,835$1,185$748$464$58
37 years$2,659$1,743$1,109$689$420$49
38 years$2,561$1,656$1,039$635$381$41
39 years$2,467$1,575$973$586$346$35
40 years$2,379$1,499$912$540$313$30
41 years$2,295$1,427$855$498$284$25
42 years$2,215$1,359$802$460$258$21
43 years$2,139$1,294$753$425$234$18
44 years$2,067$1,234$707$392$213$15
45 years$1,999$1,177$664$362$193$13
46 years$1,933$1,122$623$334$175$11
47 years$1,871$1,071$585$309$159$9
48 years$1,811$1,023$550$286$145$8
49 years$1,754$977$517$264$131$7
50 years$1,699$933$486$244$119$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,740,000, adding $4,923 every year, while hoping to spend $32,636 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: 55/17/28 Blend
40$1,740,000$1,740,000$1,740,000$1,740,000
41$1,922,558$1,830,338$1,803,368$2,013,150
42$2,083,935$1,885,300$1,829,056$2,131,134
43$2,260,678$1,941,862$1,854,512$2,255,791
44$2,454,320$2,000,066$1,879,691$2,390,907
45$2,666,550$2,059,959$1,904,550$2,537,500
46$2,899,228$2,121,586$1,929,042$2,696,692
47$3,154,400$2,184,995$1,953,116$2,869,718
48$3,434,322$2,250,233$1,976,719$3,057,937
49$3,741,479$2,317,351$1,999,795$3,262,849
50$4,078,607$2,386,398$2,022,285$3,486,104
51$4,448,720$2,457,427$2,044,127$3,729,520
52$4,855,139$2,530,490$2,065,254$3,995,100
53$5,301,520$2,605,641$2,085,598$4,285,051
54$5,791,895$2,682,937$2,105,084$4,601,803
55$6,330,700$2,762,433$2,123,637$4,948,036
56$6,922,826$2,844,187$2,141,174$5,326,698
57$7,573,661$2,928,259$2,157,610$5,741,043
58$8,289,139$3,014,708$2,172,854$6,194,651
59$9,075,800$3,103,597$2,186,813$6,691,469
60$9,940,846$3,194,988$2,199,386$7,235,847
61$10,892,216$3,288,946$2,210,469$7,832,576
62$11,938,654$3,385,536$2,219,951$8,486,936
63$13,089,794$3,484,825$2,227,717$9,204,746
64$14,356,253$3,586,881$2,233,646$9,992,417
65$15,749,726$3,691,774$2,237,608$10,857,013
66$17,283,102$3,799,574$2,239,472$11,806,320
67$18,970,579$3,910,354$2,239,095$12,848,916
68$20,827,804$4,024,188$2,236,330$13,994,255
69$22,872,016$4,141,149$2,231,023$15,252,755
70$25,122,210$4,261,314$2,223,012$16,635,895
71$27,599,318$4,384,760$2,212,125$18,156,326
72$30,326,402$4,511,567$2,198,184$19,827,989
73$33,328,875$4,641,814$2,181,004$21,666,248
74$36,634,739$4,775,582$2,160,386$23,688,032
75$40,274,851$4,912,954$2,136,127$25,911,999
76$44,283,210$5,054,013$2,108,012$28,358,709
77$48,697,282$5,198,844$2,075,815$31,050,821
78$53,558,351$5,347,533$2,039,301$34,013,303
79$58,911,908$5,500,167$1,998,222$37,273,672
80$64,808,081$5,656,835$1,952,322$40,862,253
81$71,302,110$5,817,624$1,901,329$44,812,464
82$78,454,864$5,982,626$1,844,962$49,161,132
83$86,333,416$6,151,931$1,782,925$53,948,841
84$95,011,680$6,325,631$1,714,908$59,220,318
85$104,571,103$6,503,818$1,640,589$65,024,850
86$115,101,436$6,686,586$1,559,629$71,416,757
87$126,701,581$6,874,027$1,471,676$78,455,895
88$139,480,525$7,066,238$1,376,359$86,208,233
89$153,558,366$7,263,310$1,273,295$94,746,468
90$169,067,448$7,465,341$1,162,079$104,150,714
91$186,153,609$7,672,424$1,042,290$114,509,258
92$204,977,559$7,884,655$913,488$125,919,398
93$225,716,394$8,102,127$775,215$138,488,355
94$248,565,272$8,324,937$626,989$152,334,293
95$273,739,247$8,553,177$468,311$167,587,428
96$301,475,308$8,786,940$298,658$184,391,265
97$332,034,610$9,026,320$117,483$202,903,949
98$365,704,937$9,271,407$0$223,299,758
99$402,803,426$9,522,292$0$245,793,417
100$443,679,554$9,779,062$0$270,612,847