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

Use the below retirement simulation to view the chances of a successful retirement.
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%15%
1 years$121,391$120,310$119,255$118,225$117,220$114,806
2 years$60,095$58,975$57,891$56,839$55,819$53,398
3 years$39,665$38,541$37,459$36,417$35,414$33,062
4 years$29,452$28,332$27,261$26,237$25,257$22,992
5 years$23,326$22,212$21,155$20,152$19,200$17,028
6 years$19,244$18,138$17,097$16,116$15,193$13,115
7 years$16,329$15,232$14,207$13,250$12,356$10,374
8 years$14,143$13,057$12,049$11,115$10,250$8,364
9 years$12,444$11,368$10,378$9,467$8,632$6,839
10 years$11,086$10,021$9,048$8,161$7,355$5,654
11 years$9,976$8,921$7,965$7,103$6,326$4,715
12 years$9,051$8,007$7,069$6,230$5,482$3,959
13 years$8,269$7,236$6,316$5,500$4,780$3,342
14 years$7,599$6,577$5,675$4,882$4,190$2,834
15 years$7,020$6,008$5,124$4,354$3,689$2,413
16 years$6,513$5,513$4,645$3,899$3,261$2,061
17 years$6,066$5,077$4,227$3,503$2,891$1,764
18 years$5,669$4,691$3,859$3,157$2,571$1,514
19 years$5,315$4,348$3,532$2,852$2,291$1,301
20 years$4,996$4,040$3,242$2,583$2,047$1,121
21 years$4,708$3,763$2,982$2,345$1,831$966
22 years$4,447$3,513$2,748$2,132$1,642$834
23 years$4,208$3,286$2,538$1,942$1,474$721
24 years$3,990$3,078$2,347$1,771$1,325$623
25 years$3,790$2,889$2,174$1,617$1,192$540
26 years$3,605$2,715$2,016$1,479$1,074$467
27 years$3,435$2,555$1,872$1,353$968$405
28 years$3,276$2,408$1,740$1,240$873$351
29 years$3,129$2,271$1,619$1,137$789$304
30 years$2,992$2,145$1,508$1,044$713$264
31 years$2,864$2,028$1,406$958$644$229
32 years$2,745$1,919$1,312$881$583$199
33 years$2,633$1,817$1,225$810$527$173
34 years$2,527$1,722$1,145$745$478$150
35 years$2,428$1,633$1,070$686$433$130
36 years$2,335$1,550$1,001$632$392$113
37 years$2,247$1,473$937$582$355$98
38 years$2,163$1,399$877$537$322$85
39 years$2,084$1,331$822$495$292$74
40 years$2,010$1,266$771$456$265$65
41 years$1,939$1,205$723$421$240$56
42 years$1,872$1,148$678$389$218$49
43 years$1,808$1,094$636$359$198$42
44 years$1,747$1,042$597$331$180$37
45 years$1,689$994$561$306$163$32
46 years$1,633$948$526$283$148$28
47 years$1,580$905$495$261$134$24
48 years$1,530$864$465$241$122$21
49 years$1,481$825$437$223$111$18
50 years$1,435$788$411$206$101$16

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 $5,295 every year, while hoping to spend $21,575 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: 73/8/19 Blend
41$1,470,000$1,470,000$1,470,000$1,470,000
42$1,625,402$1,547,492$1,524,707$1,736,372
43$1,768,237$1,600,363$1,552,829$1,863,645
44$1,924,919$1,655,102$1,581,170$1,999,909
45$2,096,836$1,711,778$1,609,714$2,148,634
46$2,285,519$1,770,461$1,638,446$2,311,054
47$2,492,654$1,831,226$1,667,346$2,488,528
48$2,720,099$1,894,150$1,696,396$2,682,552
49$2,969,898$1,959,312$1,725,575$2,894,776
50$3,244,306$2,026,797$1,754,860$3,127,014
51$3,545,805$2,096,690$1,784,228$3,381,266
52$3,877,131$2,169,081$1,813,653$3,659,736
53$4,241,296$2,244,063$1,843,107$3,964,849
54$4,641,619$2,321,734$1,872,563$4,299,279
55$5,081,758$2,402,193$1,901,988$4,665,970
56$5,565,743$2,485,546$1,931,349$5,068,165
57$6,098,011$2,571,900$1,960,612$5,509,439
58$6,683,455$2,661,370$1,989,739$5,993,727
59$7,327,463$2,754,072$2,018,691$6,525,368
60$8,035,971$2,850,129$2,047,425$7,109,139
61$8,815,523$2,949,668$2,075,896$7,750,305
62$9,673,325$3,052,820$2,104,057$8,454,665
63$10,617,319$3,159,724$2,131,858$9,228,612
64$11,656,256$3,270,521$2,159,246$10,079,185
65$12,799,778$3,385,360$2,186,164$11,014,144
66$14,058,508$3,504,395$2,212,553$12,042,034
67$15,444,153$3,627,788$2,238,351$13,172,277
68$16,969,612$3,755,705$2,263,491$14,415,247
69$18,649,098$3,888,319$2,287,903$15,782,382
70$20,498,271$4,025,813$2,311,514$17,286,280
71$22,534,390$4,168,372$2,334,244$18,940,825
72$24,776,469$4,316,194$2,356,013$20,761,314
73$27,245,463$4,469,482$2,376,734$22,764,604
74$29,964,461$4,628,447$2,396,315$24,969,270
75$32,958,906$4,793,311$2,414,661$27,395,779
76$36,256,833$4,964,302$2,431,671$30,066,684
77$39,889,136$5,141,659$2,447,238$33,006,838
78$43,889,859$5,325,631$2,461,251$36,243,626
79$48,296,514$5,516,476$2,473,593$39,807,225
80$53,150,440$5,714,465$2,484,140$43,730,887
81$58,497,188$5,919,877$2,492,762$48,051,256
82$64,386,954$6,133,004$2,499,323$52,808,711
83$70,875,053$6,354,151$2,503,679$58,047,747
84$78,022,438$6,583,634$2,505,682$63,817,395
85$85,896,277$6,821,783$2,505,173$70,171,688
86$94,570,588$7,068,940$2,501,987$77,170,165
87$104,126,934$7,325,465$2,495,950$84,878,438
88$114,655,197$7,591,729$2,486,880$93,368,809
89$126,254,424$7,868,120$2,474,587$102,720,951
90$139,033,760$8,155,043$2,458,871$113,022,663
91$153,113,482$8,452,918$2,439,521$124,370,698
92$168,626,132$8,762,186$2,416,320$136,871,673
93$185,717,767$9,083,302$2,389,036$150,643,080
94$204,549,339$9,416,744$2,357,428$165,814,391
95$225,298,214$9,763,007$2,321,245$182,528,283
96$248,159,848$10,122,610$2,280,223$200,941,983
97$273,349,627$10,496,093$2,234,084$221,228,752
98$301,104,903$10,884,016$2,182,541$243,579,522
99$331,687,237$11,286,966$2,125,289$268,204,697
100$365,384,862$11,705,554$2,062,013$295,336,139