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%17.2%
1 years$121,391$120,310$119,255$118,225$117,220$113,787
2 years$60,095$58,975$57,891$56,839$55,819$52,388
3 years$39,665$38,541$37,459$36,417$35,414$32,093
4 years$29,452$28,332$27,261$26,237$25,257$22,071
5 years$23,326$22,212$21,155$20,152$19,200$16,158
6 years$19,244$18,138$17,097$16,116$15,193$12,297
7 years$16,329$15,232$14,207$13,250$12,356$9,606
8 years$14,143$13,057$12,049$11,115$10,250$7,646
9 years$12,444$11,368$10,378$9,467$8,632$6,170
10 years$11,086$10,021$9,048$8,161$7,355$5,032
11 years$9,976$8,921$7,965$7,103$6,326$4,137
12 years$9,051$8,007$7,069$6,230$5,482$3,424
13 years$8,269$7,236$6,316$5,500$4,780$2,848
14 years$7,599$6,577$5,675$4,882$4,190$2,379
15 years$7,020$6,008$5,124$4,354$3,689$1,995
16 years$6,513$5,513$4,645$3,899$3,261$1,677
17 years$6,066$5,077$4,227$3,503$2,891$1,413
18 years$5,669$4,691$3,859$3,157$2,571$1,193
19 years$5,315$4,348$3,532$2,852$2,291$1,009
20 years$4,996$4,040$3,242$2,583$2,047$854
21 years$4,708$3,763$2,982$2,345$1,831$724
22 years$4,447$3,513$2,748$2,132$1,642$615
23 years$4,208$3,286$2,538$1,942$1,474$522
24 years$3,990$3,078$2,347$1,771$1,325$444
25 years$3,790$2,889$2,174$1,617$1,192$377
26 years$3,605$2,715$2,016$1,479$1,074$321
27 years$3,435$2,555$1,872$1,353$968$273
28 years$3,276$2,408$1,740$1,240$873$233
29 years$3,129$2,271$1,619$1,137$789$198
30 years$2,992$2,145$1,508$1,044$713$169
31 years$2,864$2,028$1,406$958$644$144
32 years$2,745$1,919$1,312$881$583$123
33 years$2,633$1,817$1,225$810$527$105
34 years$2,527$1,722$1,145$745$478$89
35 years$2,428$1,633$1,070$686$433$76
36 years$2,335$1,550$1,001$632$392$65
37 years$2,247$1,473$937$582$355$55
38 years$2,163$1,399$877$537$322$47
39 years$2,084$1,331$822$495$292$40
40 years$2,010$1,266$771$456$265$34
41 years$1,939$1,205$723$421$240$29
42 years$1,872$1,148$678$389$218$25
43 years$1,808$1,094$636$359$198$21
44 years$1,747$1,042$597$331$180$18
45 years$1,689$994$561$306$163$15
46 years$1,633$948$526$283$148$13
47 years$1,580$905$495$261$134$11
48 years$1,530$864$465$241$122$10
49 years$1,481$825$437$223$111$8
50 years$1,435$788$411$206$101$7

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 $5,820 every year, while hoping to spend $54,739 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: 83/8/9 Blend
41$1,470,000$1,470,000$1,470,000$1,470,000
42$1,625,943$1,548,033$1,525,248$1,758,417
43$1,733,548$1,565,645$1,518,102$1,863,537
44$1,850,293$1,582,285$1,508,882$1,971,026
45$1,977,054$1,597,848$1,497,461$2,087,386
46$2,114,793$1,612,222$1,483,705$2,213,476
47$2,264,567$1,625,286$1,467,475$2,350,239
48$2,427,542$1,636,914$1,448,624$2,498,718
49$2,604,997$1,646,969$1,426,999$2,660,058
50$2,798,343$1,655,307$1,402,440$2,835,522
51$3,009,131$1,661,774$1,374,778$3,026,500
52$3,239,068$1,666,207$1,343,839$3,234,524
53$3,490,034$1,668,431$1,309,438$3,461,281
54$3,764,096$1,668,263$1,271,383$3,708,630
55$4,063,532$1,665,506$1,229,473$3,978,619
56$4,390,848$1,659,952$1,183,496$4,273,503
57$4,748,806$1,651,381$1,133,234$4,595,769
58$5,140,442$1,639,557$1,078,456$4,948,156
59$5,569,105$1,624,232$1,018,922$5,333,680
60$6,038,477$1,605,144$954,379$5,755,667
61$6,552,617$1,582,011$884,566$6,217,780
62$7,115,994$1,554,539$809,209$6,724,057
63$7,733,527$1,522,414$728,019$7,278,945
64$8,410,638$1,485,303$640,699$7,887,347
65$9,153,294$1,442,854$546,934$8,554,664
66$9,968,073$1,394,696$446,399$9,286,849
67$10,862,214$1,340,435$338,751$10,090,461
68$11,843,696$1,279,652$223,635$10,972,729
69$12,921,306$1,211,908$100,680$11,941,618
70$14,104,723$1,136,735$0$13,005,908
71$15,404,609$1,053,640$0$14,178,204
72$16,832,713$962,101$0$15,476,745
73$18,401,972$861,567$0$16,903,641
74$20,126,645$751,455$0$18,471,883
75$22,022,436$631,150$0$20,195,784
76$24,106,648$500,000$0$22,091,116
77$26,398,344$357,318$0$24,175,258
78$28,918,527$202,378$0$26,467,359
79$31,690,336$34,414$0$28,988,519
80$34,739,267$0$0$31,761,989
81$38,093,409$0$0$34,826,366
82$41,783,712$0$0$38,201,230
83$45,844,276$0$0$41,914,740
84$50,312,675$0$0$46,001,264
85$55,230,306$0$0$50,498,667
86$60,642,788$0$0$55,448,671
87$66,600,380$0$0$60,897,248
88$73,158,465$0$0$66,895,054
89$80,378,068$0$0$73,497,904
90$88,326,430$0$0$80,767,301
91$97,077,644$0$0$88,771,013
92$106,713,351$0$0$97,583,715
93$117,323,515$0$0$107,287,692
94$129,007,266$0$0$117,973,614
95$141,873,838$0$0$129,741,391
96$156,043,596$0$0$142,701,116
97$171,649,176$0$0$156,974,106
98$188,836,734$0$0$172,694,042
99$207,767,321$0$0$190,008,231
100$228,618,409$0$0$209,078,998