Can I retire at age 42 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$121,391$120,310$119,255$118,225$117,220$114,155
2 years$60,095$58,975$57,891$56,839$55,819$52,752
3 years$39,665$38,541$37,459$36,417$35,414$32,440
4 years$29,452$28,332$27,261$26,237$25,257$22,401
5 years$23,326$22,212$21,155$20,152$19,200$16,468
6 years$19,244$18,138$17,097$16,116$15,193$12,588
7 years$16,329$15,232$14,207$13,250$12,356$9,879
8 years$14,143$13,057$12,049$11,115$10,250$7,899
9 years$12,444$11,368$10,378$9,467$8,632$6,406
10 years$11,086$10,021$9,048$8,161$7,355$5,250
11 years$9,976$8,921$7,965$7,103$6,326$4,339
12 years$9,051$8,007$7,069$6,230$5,482$3,610
13 years$8,269$7,236$6,316$5,500$4,780$3,019
14 years$7,599$6,577$5,675$4,882$4,190$2,536
15 years$7,020$6,008$5,124$4,354$3,689$2,138
16 years$6,513$5,513$4,645$3,899$3,261$1,808
17 years$6,066$5,077$4,227$3,503$2,891$1,532
18 years$5,669$4,691$3,859$3,157$2,571$1,301
19 years$5,315$4,348$3,532$2,852$2,291$1,107
20 years$4,996$4,040$3,242$2,583$2,047$943
21 years$4,708$3,763$2,982$2,345$1,831$805
22 years$4,447$3,513$2,748$2,132$1,642$687
23 years$4,208$3,286$2,538$1,942$1,474$587
24 years$3,990$3,078$2,347$1,771$1,325$502
25 years$3,790$2,889$2,174$1,617$1,192$430
26 years$3,605$2,715$2,016$1,479$1,074$368
27 years$3,435$2,555$1,872$1,353$968$315
28 years$3,276$2,408$1,740$1,240$873$270
29 years$3,129$2,271$1,619$1,137$789$232
30 years$2,992$2,145$1,508$1,044$713$199
31 years$2,864$2,028$1,406$958$644$171
32 years$2,745$1,919$1,312$881$583$146
33 years$2,633$1,817$1,225$810$527$126
34 years$2,527$1,722$1,145$745$478$108
35 years$2,428$1,633$1,070$686$433$92
36 years$2,335$1,550$1,001$632$392$79
37 years$2,247$1,473$937$582$355$68
38 years$2,163$1,399$877$537$322$59
39 years$2,084$1,331$822$495$292$50
40 years$2,010$1,266$771$456$265$43
41 years$1,939$1,205$723$421$240$37
42 years$1,872$1,148$678$389$218$32
43 years$1,808$1,094$636$359$198$27
44 years$1,747$1,042$597$331$180$23
45 years$1,689$994$561$306$163$20
46 years$1,633$948$526$283$148$17
47 years$1,580$905$495$261$134$15
48 years$1,530$864$465$241$122$13
49 years$1,481$825$437$223$111$11
50 years$1,435$788$411$206$101$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,470,000, adding $5,224 every year, while hoping to spend $24,473 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: 42/49/9 Blend
41$1,470,000$1,470,000$1,470,000$1,470,000
42$1,625,329$1,547,419$1,524,634$1,689,093
43$1,765,073$1,597,203$1,549,670$1,783,886
44$1,918,251$1,648,607$1,574,724$1,883,593
45$2,086,207$1,701,683$1,599,772$1,991,001
46$2,270,422$1,756,487$1,624,786$2,106,820
47$2,472,527$1,813,077$1,649,739$2,231,834
48$2,694,318$1,871,511$1,674,598$2,366,901
49$2,937,774$1,931,850$1,699,332$2,512,964
50$3,205,074$1,994,158$1,723,907$2,671,063
51$3,498,620$2,058,500$1,748,286$2,842,339
52$3,821,056$2,124,944$1,772,431$3,028,047
53$4,175,296$2,193,558$1,796,300$3,229,569
54$4,564,551$2,264,417$1,819,850$3,448,422
55$4,992,356$2,337,594$1,843,036$3,686,278
56$5,462,606$2,413,166$1,865,808$3,944,975
57$5,979,595$2,491,214$1,888,115$4,226,536
58$6,548,050$2,571,821$1,909,904$4,533,188
59$7,173,182$2,655,070$1,931,116$4,867,379
60$7,860,730$2,741,052$1,951,692$5,231,807
61$8,617,018$2,829,857$1,971,567$5,629,440
62$9,449,014$2,921,581$1,990,675$6,063,545
63$10,364,395$3,016,320$2,008,944$6,537,720
64$11,371,620$3,114,176$2,026,300$7,055,924
65$12,480,008$3,215,254$2,042,664$7,622,517
66$13,699,830$3,319,662$2,057,954$8,242,302
67$15,042,399$3,427,511$2,072,082$8,920,563
68$16,520,183$3,538,919$2,084,957$9,663,124
69$18,146,921$3,654,005$2,096,482$10,476,395
70$19,937,749$3,772,893$2,106,556$11,367,437
71$21,909,346$3,895,712$2,115,072$12,344,025
72$24,080,091$4,022,594$2,121,919$13,414,725
73$26,470,236$4,153,677$2,126,979$14,588,969
74$29,102,096$4,289,103$2,130,129$15,877,148
75$32,000,261$4,429,020$2,131,239$17,290,707
76$35,191,826$4,573,580$2,130,174$18,842,251
77$38,706,647$4,722,941$2,126,790$20,545,669
78$42,577,626$4,877,266$2,120,939$22,416,258
79$46,841,017$5,036,725$2,112,462$24,470,870
80$51,536,768$5,201,491$2,101,197$26,728,070
81$56,708,901$5,371,748$2,086,970$29,208,311
82$62,405,927$5,547,681$2,069,602$31,934,125
83$68,681,300$5,729,486$2,048,902$34,930,335
84$75,593,925$5,917,363$2,024,672$38,224,289
85$83,208,712$6,111,521$1,996,706$41,846,119
86$91,597,191$6,312,175$1,964,785$45,829,023
87$100,838,181$6,519,549$1,928,683$50,209,574
88$111,018,542$6,733,873$1,888,160$55,028,072
89$122,233,988$6,955,388$1,842,968$60,328,918
90$134,589,994$7,184,340$1,792,846$66,161,032
91$148,202,788$7,420,988$1,737,522$72,578,318
92$163,200,453$7,665,597$1,676,709$79,640,166
93$179,724,131$7,918,443$1,610,111$87,412,017
94$197,929,356$8,179,811$1,537,413$95,965,978
95$217,987,526$8,449,997$1,458,292$105,381,498
96$240,087,514$8,729,307$1,372,405$115,746,124
97$264,437,456$9,018,059$1,279,397$127,156,318
98$291,266,715$9,316,582$1,178,895$139,718,374
99$320,828,042$9,625,217$1,070,510$153,549,414
100$353,399,967$9,944,317$953,836$168,778,497