Can I retire at age 41 with 1,940,000?

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 $1,940,000?

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$160,203$158,776$157,384$156,025$154,698$153,530
2 years$79,309$77,832$76,400$75,012$73,666$72,488
3 years$52,347$50,864$49,436$48,061$46,737$45,586
4 years$38,869$37,390$35,977$34,625$33,333$32,218
5 years$30,784$29,314$27,919$26,596$25,339$24,263
6 years$25,396$23,937$22,563$21,269$20,050$19,015
7 years$21,549$20,103$18,750$17,486$16,306$15,312
8 years$18,665$17,232$15,901$14,669$13,527$12,574
9 years$16,423$15,003$13,696$12,494$11,392$10,479
10 years$14,631$13,225$11,940$10,770$9,707$8,834
11 years$13,165$11,773$10,512$9,373$8,348$7,515
12 years$11,945$10,567$9,329$8,222$7,234$6,440
13 years$10,913$9,549$8,335$7,259$6,308$5,552
14 years$10,029$8,680$7,489$6,443$5,530$4,810
15 years$9,264$7,929$6,762$5,746$4,869$4,185
16 years$8,595$7,275$6,130$5,145$4,303$3,654
17 years$8,005$6,700$5,578$4,623$3,816$3,200
18 years$7,482$6,191$5,092$4,166$3,393$2,810
19 years$7,014$5,738$4,662$3,765$3,024$2,473
20 years$6,593$5,332$4,278$3,409$2,701$2,181
21 years$6,213$4,967$3,935$3,094$2,417$1,926
22 years$5,868$4,636$3,627$2,813$2,167$1,704
23 years$5,554$4,336$3,349$2,562$1,945$1,509
24 years$5,266$4,063$3,097$2,337$1,748$1,338
25 years$5,002$3,813$2,869$2,134$1,573$1,187
26 years$4,758$3,583$2,660$1,951$1,417$1,055
27 years$4,533$3,372$2,470$1,786$1,277$938
28 years$4,324$3,178$2,297$1,637$1,153$834
29 years$4,130$2,998$2,137$1,501$1,041$743
30 years$3,949$2,831$1,991$1,377$940$661
31 years$3,780$2,676$1,856$1,265$850$589
32 years$3,622$2,532$1,732$1,163$769$525
33 years$3,474$2,398$1,617$1,069$696$468
34 years$3,335$2,273$1,511$984$630$418
35 years$3,204$2,156$1,412$905$571$373
36 years$3,081$2,046$1,321$834$517$333
37 years$2,965$1,943$1,237$768$469$297
38 years$2,855$1,847$1,158$708$425$265
39 years$2,751$1,756$1,085$653$385$237
40 years$2,652$1,671$1,017$602$350$212
41 years$2,559$1,591$954$556$317$189
42 years$2,470$1,515$894$513$288$169
43 years$2,385$1,443$839$473$261$151
44 years$2,305$1,376$788$437$237$135
45 years$2,228$1,312$740$404$215$121
46 years$2,155$1,251$695$373$195$108
47 years$2,086$1,194$653$345$177$96
48 years$2,019$1,140$613$318$161$86
49 years$1,955$1,089$577$294$146$77
50 years$1,894$1,040$542$272$133$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,940,000, adding $3,015 every year, while hoping to spend $32,657 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: 72/11/17 Blend
40$1,940,000$1,940,000$1,940,000$1,940,000
41$2,140,990$2,038,170$2,008,100$2,286,482
42$2,324,624$2,103,294$2,040,625$2,448,613
43$2,525,894$2,170,514$2,073,144$2,621,872
44$2,746,565$2,239,898$2,105,624$2,810,769
45$2,988,580$2,311,519$2,138,028$3,016,849
46$3,254,079$2,385,447$2,170,315$3,241,812
47$3,545,420$2,461,758$2,202,446$3,487,529
48$3,865,200$2,540,531$2,234,374$3,756,062
49$4,216,278$2,621,846$2,266,054$4,049,682
50$4,601,807$2,705,784$2,297,435$4,370,890
51$5,025,257$2,792,433$2,328,465$4,722,441
52$5,490,452$2,881,881$2,359,087$5,107,369
53$6,001,604$2,974,220$2,389,243$5,529,017
54$6,563,354$3,069,543$2,418,869$5,991,067
55$7,180,815$3,167,949$2,447,900$6,497,575
56$7,859,619$3,269,540$2,476,265$7,053,009
57$8,605,971$3,374,418$2,503,891$7,662,294
58$9,426,708$3,482,693$2,530,700$8,330,850
59$10,329,363$3,594,475$2,556,608$9,064,655
60$11,322,234$3,709,880$2,581,531$9,870,291
61$12,414,464$3,829,027$2,605,375$10,755,010
62$13,616,130$3,952,040$2,628,045$11,726,803
63$14,938,330$4,079,044$2,649,439$12,794,476
64$16,393,295$4,210,173$2,669,451$13,967,728
65$17,994,501$4,345,562$2,687,968$15,257,248
66$19,756,797$4,485,351$2,704,871$16,674,812
67$21,696,543$4,629,685$2,720,037$18,233,398
68$23,831,766$4,778,715$2,733,334$19,947,303
69$26,182,330$4,932,597$2,744,625$21,832,282
70$28,770,123$5,091,490$2,753,765$23,905,696
71$31,619,263$5,255,560$2,760,604$26,186,671
72$34,756,325$5,424,979$2,764,981$28,696,287
73$38,210,592$5,599,925$2,766,729$31,457,769
74$42,014,331$5,780,580$2,765,673$34,496,710
75$46,203,099$5,967,134$2,761,630$37,841,312
76$50,816,075$6,159,784$2,754,404$41,522,649
77$55,896,433$6,358,732$2,743,795$45,574,967
78$61,491,746$6,564,187$2,729,590$50,035,998
79$67,654,439$6,776,367$2,711,566$54,947,324
80$74,442,279$6,995,496$2,689,490$60,354,766
81$81,918,921$7,221,805$2,663,118$66,308,814
82$90,154,512$7,455,534$2,632,193$72,865,108
83$99,226,349$7,696,932$2,596,448$80,084,961
84$109,219,609$7,946,255$2,555,602$88,035,936
85$120,228,156$8,203,768$2,509,361$96,792,488
86$132,355,421$8,469,745$2,457,418$106,436,661
87$145,715,383$8,744,472$2,399,450$117,058,867
88$160,433,641$9,028,241$2,335,122$128,758,738
89$176,648,604$9,321,356$2,264,080$141,646,064
90$194,512,791$9,624,132$2,185,956$155,841,833
91$214,194,275$9,936,893$2,100,364$171,479,372
92$235,878,268$10,259,977$2,006,903$188,705,602
93$259,768,867$10,593,732$1,905,150$207,682,429
94$286,090,984$10,938,518$1,794,666$228,588,273
95$315,092,467$11,294,708$1,674,989$251,619,748
96$347,046,438$11,662,687$1,545,640$276,993,520
97$382,253,871$12,042,856$1,406,116$304,948,354
98$421,046,436$12,435,626$1,255,891$335,747,364
99$463,789,628$12,841,427$1,094,419$369,680,503
100$510,886,213$13,260,700$921,125$407,067,292