Can I retire at age 42 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$122,217$121,128$120,066$119,030$118,017$115,446
2 years$60,503$59,377$58,285$57,226$56,199$53,621
3 years$39,935$38,803$37,714$36,665$35,655$33,151
4 years$29,653$28,525$27,446$26,415$25,429$23,019
5 years$23,485$22,364$21,299$20,289$19,331$17,021
6 years$19,375$18,262$17,213$16,226$15,296$13,089
7 years$16,440$15,336$14,304$13,340$12,440$10,336
8 years$14,239$13,146$12,131$11,191$10,320$8,318
9 years$12,529$11,446$10,448$9,532$8,691$6,790
10 years$11,162$10,089$9,109$8,217$7,405$5,603
11 years$10,044$8,982$8,020$7,151$6,369$4,663
12 years$9,112$8,061$7,117$6,272$5,519$3,908
13 years$8,325$7,285$6,359$5,537$4,813$3,292
14 years$7,651$6,622$5,713$4,916$4,219$2,787
15 years$7,067$6,049$5,158$4,384$3,714$2,367
16 years$6,557$5,550$4,677$3,925$3,283$2,017
17 years$6,107$5,111$4,256$3,527$2,911$1,723
18 years$5,708$4,723$3,885$3,178$2,588$1,476
19 years$5,351$4,377$3,556$2,872$2,307$1,266
20 years$5,030$4,068$3,264$2,601$2,061$1,088
21 years$4,740$3,789$3,002$2,361$1,844$936
22 years$4,477$3,537$2,767$2,146$1,653$806
23 years$4,237$3,308$2,555$1,955$1,484$695
24 years$4,017$3,099$2,363$1,783$1,334$599
25 years$3,816$2,909$2,188$1,628$1,200$517
26 years$3,630$2,734$2,030$1,489$1,081$447
27 years$3,458$2,573$1,885$1,363$975$386
28 years$3,299$2,424$1,752$1,248$879$334
29 years$3,151$2,287$1,630$1,145$794$289
30 years$3,013$2,160$1,519$1,051$717$250
31 years$2,884$2,042$1,416$965$649$217
32 years$2,763$1,932$1,321$887$587$188
33 years$2,650$1,829$1,233$816$531$162
34 years$2,544$1,734$1,152$750$481$141
35 years$2,445$1,645$1,077$691$435$122
36 years$2,351$1,561$1,008$636$395$106
37 years$2,262$1,483$943$586$358$92
38 years$2,178$1,409$883$540$324$79
39 years$2,099$1,340$828$498$294$69
40 years$2,023$1,275$776$459$267$60
41 years$1,952$1,213$727$424$242$52
42 years$1,884$1,156$682$391$220$45
43 years$1,820$1,101$640$361$199$39
44 years$1,758$1,050$601$333$181$34
45 years$1,700$1,001$564$308$164$29
46 years$1,644$955$530$284$149$25
47 years$1,591$911$498$263$135$22
48 years$1,540$870$468$243$123$19
49 years$1,492$831$440$224$112$17
50 years$1,445$793$414$207$101$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,480,000, adding $2,730 every year, while hoping to spend $51,817 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: 35/50/15 Blend
41$1,480,000$1,480,000$1,480,000$1,480,000
42$1,633,776$1,555,336$1,532,396$1,683,297
43$1,745,288$1,576,415$1,528,598$1,740,554
44$1,866,438$1,596,789$1,522,937$1,797,204
45$1,998,154$1,616,371$1,515,294$1,857,209
46$2,141,457$1,635,064$1,505,548$1,920,895
47$2,297,470$1,652,768$1,493,569$1,988,623
48$2,467,432$1,669,373$1,479,223$2,060,790
49$2,652,701$1,684,763$1,462,368$2,137,840
50$2,854,775$1,698,816$1,442,856$2,220,262
51$3,075,304$1,711,399$1,420,533$2,308,600
52$3,316,101$1,722,373$1,395,237$2,403,455
53$3,579,163$1,731,589$1,366,797$2,505,493
54$3,866,689$1,738,889$1,335,037$2,615,451
55$4,181,100$1,744,103$1,299,769$2,734,147
56$4,525,062$1,747,054$1,260,801$2,862,483
57$4,901,508$1,747,549$1,217,928$3,001,462
58$5,313,671$1,745,389$1,170,937$3,152,190
59$5,765,110$1,740,356$1,119,608$3,315,893
60$6,259,742$1,732,225$1,063,706$3,493,928
61$6,801,885$1,720,753$1,002,989$3,687,795
62$7,396,291$1,705,684$937,203$3,899,153
63$8,048,195$1,686,745$866,082$4,129,838
64$8,763,365$1,663,650$789,350$4,381,880
65$9,548,151$1,636,091$706,716$4,657,525
66$10,409,550$1,603,747$617,878$4,959,253
67$11,355,266$1,566,273$522,519$5,289,810
68$12,393,790$1,523,307$420,311$5,652,227
69$13,534,473$1,474,465$310,907$6,049,856
70$14,787,615$1,419,340$193,949$6,486,402
71$16,164,566$1,357,502$69,060$6,965,959
72$17,677,827$1,288,495$0$7,493,048
73$19,341,172$1,211,837$0$8,082,945
74$21,169,774$1,127,020$0$8,743,355
75$23,180,352$1,033,505$0$9,469,378
76$25,391,323$930,722$0$10,267,819
77$27,822,980$818,069$0$11,146,189
78$30,497,681$694,912$0$12,112,778
79$33,440,060$560,578$0$13,176,733
80$36,677,257$414,357$0$14,348,151
81$40,239,177$255,500$0$15,638,172
82$44,158,769$83,216$0$17,059,089
83$48,472,339$0$0$18,624,466
84$53,219,888$0$0$20,406,121
85$58,445,493$0$0$22,417,832
86$64,197,720$0$0$24,632,541
87$70,530,085$0$0$27,070,886
88$77,501,553$0$0$29,755,606
89$85,177,099$0$0$32,711,756
90$93,628,318$0$0$35,966,948
91$102,934,101$0$0$39,551,606
92$113,181,378$0$0$43,499,253
93$124,465,938$0$0$47,846,832
94$136,893,337$0$0$52,635,049
95$150,579,883$0$0$57,908,762
96$165,653,746$0$0$63,717,399
97$182,256,155$0$0$70,115,428
98$200,542,741$0$0$77,162,870
99$220,684,998$0$0$84,925,864
100$242,871,901$0$0$93,477,294