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%16.1%
1 years$122,217$121,128$120,066$119,030$118,017$115,071
2 years$60,503$59,377$58,285$57,226$56,199$53,249
3 years$39,935$38,803$37,714$36,665$35,655$32,794
4 years$29,653$28,525$27,446$26,415$25,429$22,679
5 years$23,485$22,364$21,299$20,289$19,331$16,699
6 years$19,375$18,262$17,213$16,226$15,296$12,785
7 years$16,440$15,336$14,304$13,340$12,440$10,051
8 years$14,239$13,146$12,131$11,191$10,320$8,051
9 years$12,529$11,446$10,448$9,532$8,691$6,540
10 years$11,162$10,089$9,109$8,217$7,405$5,371
11 years$10,044$8,982$8,020$7,151$6,369$4,447
12 years$9,112$8,061$7,117$6,272$5,519$3,707
13 years$8,325$7,285$6,359$5,537$4,813$3,107
14 years$7,651$6,622$5,713$4,916$4,219$2,615
15 years$7,067$6,049$5,158$4,384$3,714$2,209
16 years$6,557$5,550$4,677$3,925$3,283$1,872
17 years$6,107$5,111$4,256$3,527$2,911$1,590
18 years$5,708$4,723$3,885$3,178$2,588$1,353
19 years$5,351$4,377$3,556$2,872$2,307$1,154
20 years$5,030$4,068$3,264$2,601$2,061$985
21 years$4,740$3,789$3,002$2,361$1,844$843
22 years$4,477$3,537$2,767$2,146$1,653$721
23 years$4,237$3,308$2,555$1,955$1,484$618
24 years$4,017$3,099$2,363$1,783$1,334$530
25 years$3,816$2,909$2,188$1,628$1,200$454
26 years$3,630$2,734$2,030$1,489$1,081$390
27 years$3,458$2,573$1,885$1,363$975$335
28 years$3,299$2,424$1,752$1,248$879$288
29 years$3,151$2,287$1,630$1,145$794$247
30 years$3,013$2,160$1,519$1,051$717$213
31 years$2,884$2,042$1,416$965$649$183
32 years$2,763$1,932$1,321$887$587$157
33 years$2,650$1,829$1,233$816$531$135
34 years$2,544$1,734$1,152$750$481$116
35 years$2,445$1,645$1,077$691$435$100
36 years$2,351$1,561$1,008$636$395$86
37 years$2,262$1,483$943$586$358$74
38 years$2,178$1,409$883$540$324$64
39 years$2,099$1,340$828$498$294$55
40 years$2,023$1,275$776$459$267$47
41 years$1,952$1,213$727$424$242$41
42 years$1,884$1,156$682$391$220$35
43 years$1,820$1,101$640$361$199$30
44 years$1,758$1,050$601$333$181$26
45 years$1,700$1,001$564$308$164$22
46 years$1,644$955$530$284$149$19
47 years$1,591$911$498$263$135$17
48 years$1,540$870$468$243$123$14
49 years$1,492$831$440$224$112$12
50 years$1,445$793$414$207$101$11

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 $3,345 every year, while hoping to spend $53,510 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: 55/21/24 Blend
41$1,480,000$1,480,000$1,480,000$1,480,000
42$1,634,410$1,555,970$1,533,030$1,713,377
43$1,744,186$1,575,279$1,527,453$1,787,276
44$1,863,365$1,593,740$1,519,895$1,861,836
45$1,992,851$1,611,255$1,510,234$1,941,918
46$2,133,636$1,627,721$1,498,341$2,028,067
47$2,286,813$1,643,025$1,484,081$2,120,888
48$2,453,583$1,657,049$1,467,313$2,221,049
49$2,635,270$1,669,666$1,447,890$2,329,287
50$2,833,329$1,680,741$1,425,655$2,446,416
51$3,049,361$1,690,130$1,400,447$2,573,335
52$3,285,131$1,697,681$1,372,097$2,711,037
53$3,542,578$1,703,231$1,340,426$2,860,619
54$3,823,838$1,706,607$1,305,248$3,023,291
55$4,131,265$1,707,626$1,266,369$3,200,391
56$4,467,448$1,706,093$1,223,586$3,393,395
57$4,835,237$1,701,801$1,176,685$3,603,933
58$5,237,772$1,694,530$1,125,445$3,833,805
59$5,678,509$1,684,047$1,069,632$4,084,995
60$6,161,257$1,670,105$1,009,004$4,359,698
61$6,690,206$1,652,441$943,307$4,660,333
62$7,269,973$1,630,777$872,274$4,989,573
63$7,905,644$1,604,818$795,629$5,350,364
64$8,602,819$1,574,253$713,081$5,745,961
65$9,367,665$1,538,751$624,329$6,179,956
66$10,206,978$1,497,960$529,054$6,656,310
67$11,128,241$1,451,511$426,929$7,179,396
68$12,139,697$1,399,011$317,606$7,754,039
69$13,250,427$1,340,044$200,728$8,385,562
70$14,470,435$1,274,171$75,917$9,079,838
71$15,810,741$1,200,926$0$9,843,348
72$17,283,484$1,119,819$0$10,697,907
73$18,902,038$1,030,329$0$11,658,434
74$20,681,137$931,906$0$12,714,275
75$22,637,014$823,971$0$13,875,140
76$24,787,552$705,908$0$15,151,733
77$27,152,454$577,069$0$16,555,852
78$29,753,428$436,769$0$18,100,502
79$32,614,391$284,284$0$19,800,019
80$35,761,695$118,850$0$21,670,206
81$39,224,374$0$0$23,728,481
82$43,034,419$0$0$26,007,989
83$47,227,076$0$0$28,546,790
84$51,841,184$0$0$31,340,958
85$56,919,534$0$0$34,416,427
86$62,509,278$0$0$37,801,772
87$68,662,371$0$0$41,528,481
88$75,436,060$0$0$45,631,249
89$82,893,423$0$0$50,148,304
90$91,103,969$0$0$55,121,774
91$100,144,286$0$0$60,598,075
92$110,098,768$0$0$66,628,357
93$121,060,410$0$0$73,268,979
94$133,131,683$0$0$80,582,047
95$146,425,505$0$0$88,635,997
96$161,066,300$0$0$97,506,239
97$177,191,175$0$0$107,275,870
98$194,951,216$0$0$118,036,460
99$214,512,907$0$0$129,888,912
100$236,059,705$0$0$142,944,414