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%12%
1 years$121,391$120,310$119,255$118,225$117,220$116,238
2 years$60,095$58,975$57,891$56,839$55,819$54,829
3 years$39,665$38,541$37,459$36,417$35,414$34,447
4 years$29,452$28,332$27,261$26,237$25,257$24,321
5 years$23,326$22,212$21,155$20,152$19,200$18,297
6 years$19,244$18,138$17,097$16,116$15,193$14,323
7 years$16,329$15,232$14,207$13,250$12,356$11,521
8 years$14,143$13,057$12,049$11,115$10,250$9,450
9 years$12,444$11,368$10,378$9,467$8,632$7,867
10 years$11,086$10,021$9,048$8,161$7,355$6,624
11 years$9,976$8,921$7,965$7,103$6,326$5,628
12 years$9,051$8,007$7,069$6,230$5,482$4,817
13 years$8,269$7,236$6,316$5,500$4,780$4,147
14 years$7,599$6,577$5,675$4,882$4,190$3,588
15 years$7,020$6,008$5,124$4,354$3,689$3,118
16 years$6,513$5,513$4,645$3,899$3,261$2,719
17 years$6,066$5,077$4,227$3,503$2,891$2,378
18 years$5,669$4,691$3,859$3,157$2,571$2,085
19 years$5,315$4,348$3,532$2,852$2,291$1,832
20 years$4,996$4,040$3,242$2,583$2,047$1,613
21 years$4,708$3,763$2,982$2,345$1,831$1,423
22 years$4,447$3,513$2,748$2,132$1,642$1,257
23 years$4,208$3,286$2,538$1,942$1,474$1,111
24 years$3,990$3,078$2,347$1,771$1,325$984
25 years$3,790$2,889$2,174$1,617$1,192$872
26 years$3,605$2,715$2,016$1,479$1,074$773
27 years$3,435$2,555$1,872$1,353$968$686
28 years$3,276$2,408$1,740$1,240$873$610
29 years$3,129$2,271$1,619$1,137$789$542
30 years$2,992$2,145$1,508$1,044$713$482
31 years$2,864$2,028$1,406$958$644$428
32 years$2,745$1,919$1,312$881$583$381
33 years$2,633$1,817$1,225$810$527$339
34 years$2,527$1,722$1,145$745$478$302
35 years$2,428$1,633$1,070$686$433$269
36 years$2,335$1,550$1,001$632$392$240
37 years$2,247$1,473$937$582$355$214
38 years$2,163$1,399$877$537$322$191
39 years$2,084$1,331$822$495$292$170
40 years$2,010$1,266$771$456$265$152
41 years$1,939$1,205$723$421$240$135
42 years$1,872$1,148$678$389$218$121
43 years$1,808$1,094$636$359$198$108
44 years$1,747$1,042$597$331$180$96
45 years$1,689$994$561$306$163$86
46 years$1,633$948$526$283$148$76
47 years$1,580$905$495$261$134$68
48 years$1,530$864$465$241$122$61
49 years$1,481$825$437$223$111$54
50 years$1,435$788$411$206$101$48

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 $2,908 every year, while hoping to spend $33,000 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: 48/35/17 Blend
41$1,470,000$1,470,000$1,470,000$1,470,000
42$1,622,940$1,545,030$1,522,245$1,692,963
43$1,753,368$1,585,624$1,538,128$1,782,386
44$1,895,993$1,627,102$1,553,438$1,875,827
45$2,052,026$1,669,472$1,568,119$1,976,579
46$2,222,797$1,712,740$1,582,116$2,085,340
47$2,409,773$1,756,915$1,595,367$2,202,877
48$2,614,569$1,802,003$1,607,811$2,330,036
49$2,838,962$1,848,008$1,619,379$2,467,747
50$3,084,911$1,894,935$1,630,003$2,617,036
51$3,354,573$1,942,788$1,639,609$2,779,031
52$3,650,322$1,991,567$1,648,119$2,954,978
53$3,974,776$2,041,275$1,655,452$3,146,244
54$4,330,816$2,091,910$1,661,523$3,354,341
55$4,721,616$2,143,471$1,666,241$3,580,930
56$5,150,674$2,195,954$1,669,513$3,827,843
57$5,621,840$2,249,353$1,671,238$4,097,098
58$6,139,357$2,303,661$1,671,315$4,390,920
59$6,707,900$2,358,869$1,669,632$4,711,757
60$7,332,618$2,414,965$1,666,077$5,062,309
61$8,019,183$2,471,937$1,660,529$5,445,551
62$8,773,845$2,529,767$1,652,862$5,864,762
63$9,603,489$2,588,437$1,642,944$6,323,551
64$10,515,700$2,647,925$1,630,638$6,825,901
65$11,518,834$2,708,207$1,615,797$7,376,196
66$12,622,101$2,769,255$1,598,272$7,979,272
67$13,835,643$2,831,036$1,577,902$8,640,454
68$15,170,639$2,893,517$1,554,522$9,365,612
69$16,639,402$2,956,658$1,527,957$10,161,216
70$18,255,503$3,020,415$1,498,024$11,034,396
71$20,033,890$3,084,741$1,464,534$11,993,009
72$21,991,037$3,149,584$1,427,286$13,045,713
73$24,145,094$3,214,885$1,386,072$14,202,052
74$26,516,061$3,280,581$1,340,672$15,472,544
75$29,125,973$3,346,604$1,290,859$16,868,780
76$31,999,113$3,412,878$1,236,393$18,403,533
77$35,162,235$3,479,322$1,177,025$20,090,883
78$38,644,820$3,545,846$1,112,493$21,946,346
79$42,479,355$3,612,356$1,042,525$23,987,023
80$46,701,634$3,678,746$966,834$26,231,759
81$51,351,102$3,744,905$885,124$28,701,325
82$56,471,221$3,810,712$797,082$31,418,614
83$62,109,884$3,876,036$702,383$34,408,853
84$68,319,867$3,940,737$600,688$37,699,848
85$75,159,324$4,004,663$491,642$41,322,242
86$82,692,337$4,067,654$374,873$45,309,808
87$90,989,520$4,129,533$249,996$49,699,766
88$100,128,686$4,190,116$116,606$54,533,138
89$110,195,582$4,249,201$0$59,855,131
90$121,284,695$4,306,576$0$65,720,241
91$133,500,146$4,362,010$0$72,201,585
92$146,956,672$4,415,260$0$79,338,591
93$161,780,709$4,466,063$0$87,198,040
94$178,111,582$4,514,141$0$95,853,529
95$196,102,826$4,559,197$0$105,386,161
96$215,923,628$4,600,911$0$115,885,311
97$237,760,429$4,638,947$0$127,449,476
98$261,818,680$4,672,942$0$140,187,196
99$288,324,783$4,702,514$0$154,218,090
100$317,528,228$4,727,255$0$169,673,975