Can I retire at age 41 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$163,507$162,050$160,629$159,242$157,888$152,529
2 years$80,944$79,436$77,975$76,559$75,185$69,839
3 years$53,427$51,913$50,455$49,052$47,700$42,536
4 years$39,671$38,161$36,718$35,339$34,020$29,077
5 years$31,419$29,919$28,495$27,144$25,862$21,153
6 years$25,920$24,431$23,028$21,707$20,463$15,992
7 years$21,994$20,517$19,137$17,847$16,642$12,408
8 years$19,050$17,587$16,229$14,971$13,806$9,806
9 years$16,762$15,313$13,978$12,752$11,627$7,856
10 years$14,932$13,497$12,187$10,992$9,907$6,358
11 years$13,437$12,016$10,729$9,567$8,520$5,188
12 years$12,191$10,785$9,522$8,391$7,383$4,259
13 years$11,138$9,746$8,507$7,408$6,438$3,514
14 years$10,236$8,859$7,644$6,576$5,644$2,911
15 years$9,455$8,093$6,901$5,865$4,969$2,420
16 years$8,772$7,425$6,257$5,251$4,392$2,017
17 years$8,170$6,838$5,693$4,718$3,894$1,685
18 years$7,636$6,319$5,197$4,252$3,463$1,410
19 years$7,159$5,856$4,758$3,842$3,086$1,181
20 years$6,729$5,442$4,367$3,480$2,757$991
21 years$6,342$5,069$4,016$3,158$2,467$833
22 years$5,989$4,732$3,702$2,871$2,211$700
23 years$5,668$4,425$3,418$2,615$1,985$589
24 years$5,375$4,146$3,161$2,385$1,784$496
25 years$5,105$3,891$2,928$2,178$1,605$418
26 years$4,856$3,657$2,715$1,992$1,446$352
27 years$4,626$3,442$2,521$1,823$1,304$297
28 years$4,413$3,243$2,344$1,670$1,176$250
29 years$4,215$3,059$2,181$1,532$1,062$211
30 years$4,030$2,889$2,032$1,406$960$178
31 years$3,858$2,731$1,894$1,291$868$150
32 years$3,697$2,584$1,767$1,186$785$127
33 years$3,546$2,448$1,650$1,091$710$107
34 years$3,404$2,320$1,542$1,004$643$90
35 years$3,270$2,200$1,441$924$583$76
36 years$3,145$2,088$1,348$851$528$64
37 years$3,026$1,983$1,262$784$478$54
38 years$2,914$1,885$1,182$723$434$46
39 years$2,808$1,792$1,107$666$393$39
40 years$2,707$1,705$1,038$615$357$33
41 years$2,612$1,623$973$567$324$28
42 years$2,521$1,546$913$523$294$23
43 years$2,435$1,473$857$483$267$20
44 years$2,353$1,404$804$446$242$17
45 years$2,274$1,339$755$412$220$14
46 years$2,200$1,277$709$381$199$12
47 years$2,129$1,219$666$352$181$10
48 years$2,060$1,164$626$325$164$8
49 years$1,995$1,111$588$300$149$7
50 years$1,933$1,061$553$278$136$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $1,980,000, adding $4,118 every year, while hoping to spend $59,615 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: 40/33/27 Blend
40$1,980,000$1,980,000$1,980,000$1,980,000
41$2,186,208$2,081,268$2,050,578$2,256,076
42$2,345,771$2,119,820$2,055,842$2,345,694
43$2,519,612$2,158,263$2,059,285$2,436,723
44$2,709,123$2,196,529$2,060,782$2,534,060
45$2,915,839$2,234,544$2,060,203$2,638,319
46$3,141,447$2,272,229$2,057,413$2,750,178
47$3,387,805$2,309,499$2,052,266$2,870,388
48$3,656,958$2,346,261$2,044,614$2,999,776
49$3,951,158$2,382,419$2,034,299$3,139,256
50$4,272,884$2,417,865$2,021,156$3,289,840
51$4,624,866$2,452,488$2,005,012$3,452,643
52$5,010,108$2,486,166$1,985,686$3,628,897
53$5,431,920$2,518,769$1,962,988$3,819,965
54$5,893,947$2,550,160$1,936,719$4,027,348
55$6,400,202$2,580,190$1,906,671$4,252,707
56$6,955,104$2,608,701$1,872,627$4,497,875
57$7,563,523$2,635,525$1,834,357$4,764,876
58$8,230,818$2,660,481$1,791,624$5,055,945
59$8,962,895$2,683,379$1,744,177$5,373,548
60$9,766,259$2,704,013$1,691,756$5,720,409
61$10,648,075$2,722,167$1,634,087$6,099,536
62$11,616,234$2,737,608$1,570,884$6,514,247
63$12,679,429$2,750,091$1,501,849$6,968,206
64$13,847,239$2,759,353$1,426,668$7,465,457
65$15,130,212$2,765,116$1,345,017$8,010,463
66$16,539,971$2,767,084$1,256,552$8,608,150
67$18,089,319$2,764,943$1,160,917$9,263,952
68$19,792,362$2,758,357$1,057,741$9,983,870
69$21,664,641$2,746,975$946,633$10,774,521
70$23,723,276$2,730,418$827,186$11,643,210
71$25,987,130$2,708,288$698,977$12,597,994
72$28,476,986$2,680,163$561,562$13,647,766
73$31,215,740$2,645,593$414,476$14,802,333
74$34,228,623$2,604,104$257,238$16,072,517
75$37,543,428$2,555,191$89,341$17,470,257
76$41,190,784$2,498,322$0$19,008,720
77$45,204,435$2,432,930$0$20,728,313
78$49,621,562$2,358,418$0$22,648,329
79$54,483,133$2,274,153$0$24,760,839
80$59,834,291$2,179,465$0$27,085,510
81$65,724,773$2,073,643$0$29,644,020
82$72,209,388$1,955,939$0$32,460,265
83$79,348,524$1,825,560$0$35,560,592
84$87,208,727$1,681,665$0$38,974,039
85$95,863,320$1,523,370$0$42,732,621
86$105,393,099$1,349,736$0$46,871,625
87$115,887,096$1,159,773$0$51,429,953
88$127,443,412$952,434$0$56,450,485
89$140,170,152$726,615$0$61,980,487
90$154,186,436$481,148$0$68,072,063
91$169,623,527$214,799$0$74,782,645
92$186,626,068$0$0$82,175,538
93$205,353,449$0$0$90,347,299
94$225,981,305$0$0$99,434,624
95$248,703,179$0$0$109,444,822
96$273,732,346$0$0$120,471,897
97$301,303,823$0$0$132,619,440
98$331,676,591$0$0$146,001,605
99$365,136,033$0$0$160,744,182
100$401,996,634$0$0$176,985,790