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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$122,217$121,128$120,066$119,030$118,017$117,421
2 years$60,503$59,377$58,285$57,226$56,199$55,597
3 years$39,935$38,803$37,714$36,665$35,655$35,066
4 years$29,653$28,525$27,446$26,415$25,429$24,859
5 years$23,485$22,364$21,299$20,289$19,331$18,780
6 years$19,375$18,262$17,213$16,226$15,296$14,765
7 years$16,440$15,336$14,304$13,340$12,440$11,929
8 years$14,239$13,146$12,131$11,191$10,320$9,829
9 years$12,529$11,446$10,448$9,532$8,691$8,220
10 years$11,162$10,089$9,109$8,217$7,405$6,955
11 years$10,044$8,982$8,020$7,151$6,369$5,938
12 years$9,112$8,061$7,117$6,272$5,519$5,108
13 years$8,325$7,285$6,359$5,537$4,813$4,420
14 years$7,651$6,622$5,713$4,916$4,219$3,845
15 years$7,067$6,049$5,158$4,384$3,714$3,359
16 years$6,557$5,550$4,677$3,925$3,283$2,945
17 years$6,107$5,111$4,256$3,527$2,911$2,590
18 years$5,708$4,723$3,885$3,178$2,588$2,284
19 years$5,351$4,377$3,556$2,872$2,307$2,018
20 years$5,030$4,068$3,264$2,601$2,061$1,787
21 years$4,740$3,789$3,002$2,361$1,844$1,586
22 years$4,477$3,537$2,767$2,146$1,653$1,409
23 years$4,237$3,308$2,555$1,955$1,484$1,253
24 years$4,017$3,099$2,363$1,783$1,334$1,116
25 years$3,816$2,909$2,188$1,628$1,200$995
26 years$3,630$2,734$2,030$1,489$1,081$888
27 years$3,458$2,573$1,885$1,363$975$794
28 years$3,299$2,424$1,752$1,248$879$709
29 years$3,151$2,287$1,630$1,145$794$634
30 years$3,013$2,160$1,519$1,051$717$568
31 years$2,884$2,042$1,416$965$649$508
32 years$2,763$1,932$1,321$887$587$455
33 years$2,650$1,829$1,233$816$531$408
34 years$2,544$1,734$1,152$750$481$366
35 years$2,445$1,645$1,077$691$435$328
36 years$2,351$1,561$1,008$636$395$294
37 years$2,262$1,483$943$586$358$264
38 years$2,178$1,409$883$540$324$237
39 years$2,099$1,340$828$498$294$213
40 years$2,023$1,275$776$459$267$191
41 years$1,952$1,213$727$424$242$172
42 years$1,884$1,156$682$391$220$154
43 years$1,820$1,101$640$361$199$138
44 years$1,758$1,050$601$333$181$124
45 years$1,700$1,001$564$308$164$112
46 years$1,644$955$530$284$149$100
47 years$1,591$911$498$263$135$90
48 years$1,540$870$468$243$123$81
49 years$1,492$831$440$224$112$73
50 years$1,445$793$414$207$101$65

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 $4,570 every year, while hoping to spend $31,583 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: 39/36/25 Blend
41$1,480,000$1,480,000$1,480,000$1,480,000
42$1,635,674$1,557,234$1,534,294$1,687,167
43$1,768,909$1,599,934$1,552,089$1,767,673
44$1,914,675$1,643,669$1,569,421$1,851,384
45$2,074,217$1,688,454$1,586,242$1,941,283
46$2,248,906$1,734,307$1,602,501$2,037,952
47$2,440,252$1,781,246$1,618,142$2,142,032
48$2,649,917$1,829,286$1,633,109$2,254,229
49$2,879,732$1,878,444$1,647,341$2,375,322
50$3,131,713$1,928,736$1,660,775$2,506,165
51$3,408,080$1,980,177$1,673,344$2,647,703
52$3,711,281$2,032,782$1,684,977$2,800,973
53$4,044,008$2,086,565$1,695,601$2,967,120
54$4,409,231$2,141,540$1,705,137$3,147,405
55$4,810,217$2,197,721$1,713,504$3,343,217
56$5,250,568$2,255,118$1,720,615$3,556,085
57$5,734,251$2,313,743$1,726,380$3,787,695
58$6,265,635$2,373,607$1,730,705$4,039,905
59$6,849,534$2,434,719$1,733,488$4,314,762
60$7,491,253$2,497,086$1,734,626$4,614,521
61$8,196,634$2,560,717$1,734,009$4,941,667
62$8,972,114$2,625,615$1,731,522$5,298,940
63$9,824,784$2,691,785$1,727,043$5,689,357
64$10,762,459$2,759,229$1,720,445$6,116,246
65$11,793,746$2,827,948$1,711,596$6,583,270
66$12,928,130$2,897,939$1,700,357$7,094,471
67$14,176,062$2,969,200$1,686,581$7,654,301
68$15,549,054$3,041,724$1,670,115$8,267,666
69$17,059,792$3,115,504$1,650,799$8,939,974
70$18,722,255$3,190,528$1,628,465$9,677,185
71$20,551,844$3,266,783$1,602,938$10,485,867
72$22,565,529$3,344,252$1,574,032$11,373,262
73$24,782,007$3,422,914$1,541,557$12,347,346
74$27,221,882$3,502,747$1,505,309$13,416,915
75$29,907,856$3,583,724$1,465,079$14,591,660
76$32,864,943$3,665,812$1,420,645$15,882,264
77$36,120,707$3,748,977$1,371,777$17,300,501
78$39,705,521$3,833,179$1,318,233$18,859,346
79$43,652,852$3,918,372$1,259,762$20,573,101
80$47,999,578$4,004,507$1,196,098$22,457,528
81$52,786,335$4,091,528$1,126,968$24,530,001
82$58,057,901$4,179,373$1,052,081$26,809,666
83$63,863,619$4,267,975$971,138$29,317,627
84$70,257,860$4,357,258$883,823$32,077,141
85$77,300,539$4,447,140$789,808$35,113,844
86$85,057,677$4,537,533$688,750$38,455,988
87$93,602,026$4,628,338$580,289$42,134,710
88$103,013,755$4,719,449$464,051$46,184,330
89$113,381,207$4,810,751$339,646$50,642,671
90$124,801,730$4,902,118$206,664$55,551,418
91$137,382,600$4,993,415$64,680$60,956,516
92$151,242,027$5,084,495$0$66,908,599
93$166,510,278$5,175,199$0$73,486,638
94$183,330,900$5,265,357$0$80,748,891
95$201,862,078$5,354,785$0$88,746,001
96$222,278,125$5,443,285$0$97,552,808
97$244,771,132$5,530,644$0$107,251,788
98$269,552,775$5,616,634$0$117,933,828
99$296,856,318$5,701,009$0$129,699,086
100$326,938,812$5,783,507$0$142,657,937