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%18.7%
1 years$122,217$121,128$120,066$119,030$118,017$113,875
2 years$60,503$59,377$58,285$57,226$56,199$52,069
3 years$39,935$38,803$37,714$36,665$35,655$31,667
4 years$29,653$28,525$27,446$26,415$25,429$21,615
5 years$23,485$22,364$21,299$20,289$19,331$15,699
6 years$19,375$18,262$17,213$16,226$15,296$11,850
7 years$16,440$15,336$14,304$13,340$12,440$9,178
8 years$14,239$13,146$12,131$11,191$10,320$7,241
9 years$12,529$11,446$10,448$9,532$8,691$5,790
10 years$11,162$10,089$9,109$8,217$7,405$4,677
11 years$10,044$8,982$8,020$7,151$6,369$3,809
12 years$9,112$8,061$7,117$6,272$5,519$3,121
13 years$8,325$7,285$6,359$5,537$4,813$2,570
14 years$7,651$6,622$5,713$4,916$4,219$2,125
15 years$7,067$6,049$5,158$4,384$3,714$1,762
16 years$6,557$5,550$4,677$3,925$3,283$1,465
17 years$6,107$5,111$4,256$3,527$2,911$1,221
18 years$5,708$4,723$3,885$3,178$2,588$1,020
19 years$5,351$4,377$3,556$2,872$2,307$853
20 years$5,030$4,068$3,264$2,601$2,061$714
21 years$4,740$3,789$3,002$2,361$1,844$598
22 years$4,477$3,537$2,767$2,146$1,653$502
23 years$4,237$3,308$2,555$1,955$1,484$421
24 years$4,017$3,099$2,363$1,783$1,334$354
25 years$3,816$2,909$2,188$1,628$1,200$297
26 years$3,630$2,734$2,030$1,489$1,081$250
27 years$3,458$2,573$1,885$1,363$975$210
28 years$3,299$2,424$1,752$1,248$879$177
29 years$3,151$2,287$1,630$1,145$794$149
30 years$3,013$2,160$1,519$1,051$717$125
31 years$2,884$2,042$1,416$965$649$105
32 years$2,763$1,932$1,321$887$587$89
33 years$2,650$1,829$1,233$816$531$75
34 years$2,544$1,734$1,152$750$481$63
35 years$2,445$1,645$1,077$691$435$53
36 years$2,351$1,561$1,008$636$395$45
37 years$2,262$1,483$943$586$358$38
38 years$2,178$1,409$883$540$324$32
39 years$2,099$1,340$828$498$294$27
40 years$2,023$1,275$776$459$267$22
41 years$1,952$1,213$727$424$242$19
42 years$1,884$1,156$682$391$220$16
43 years$1,820$1,101$640$361$199$13
44 years$1,758$1,050$601$333$181$11
45 years$1,700$1,001$564$308$164$10
46 years$1,644$955$530$284$149$8
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$6
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

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 $5,540 every year, while hoping to spend $22,990 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: 29/45/26 Blend
41$1,480,000$1,480,000$1,480,000$1,480,000
42$1,636,675$1,558,235$1,535,295$1,670,817
43$1,779,154$1,610,127$1,562,266$1,749,915
44$1,935,396$1,663,791$1,589,370$1,832,509
45$2,106,780$1,719,291$1,616,587$1,920,839
46$2,294,825$1,776,689$1,643,897$2,015,418
47$2,501,205$1,836,055$1,671,275$2,116,804
48$2,727,764$1,897,458$1,698,699$2,225,615
49$2,976,532$1,960,969$1,726,141$2,342,525
50$3,249,746$2,026,664$1,753,574$2,468,278
51$3,549,871$2,094,621$1,780,970$2,603,690
52$3,879,620$2,164,921$1,808,295$2,749,658
53$4,241,986$2,237,646$1,835,517$2,907,169
54$4,640,262$2,312,884$1,862,601$3,077,308
55$5,078,079$2,390,726$1,889,508$3,261,265
56$5,559,435$2,471,263$1,916,198$3,460,354
57$6,088,736$2,554,594$1,942,629$3,676,016
58$6,670,836$2,640,818$1,968,757$3,909,839
59$7,311,083$2,730,040$1,994,532$4,163,567
60$8,015,371$2,822,369$2,019,906$4,439,121
61$8,790,190$2,917,916$2,044,824$4,738,615
62$9,642,694$3,016,799$2,069,230$5,064,375
63$10,580,764$3,119,138$2,093,065$5,418,961
64$11,613,085$3,225,058$2,116,266$5,805,191
65$12,749,224$3,334,691$2,138,765$6,226,166
66$13,999,726$3,448,172$2,160,495$6,685,300
67$15,376,206$3,565,640$2,181,379$7,186,354
68$16,891,465$3,687,242$2,201,342$7,733,465
69$18,559,608$3,813,130$2,220,300$8,331,190
70$20,396,175$3,943,461$2,238,167$8,984,548
71$22,418,292$4,078,398$2,254,852$9,699,064
72$24,644,828$4,218,110$2,270,261$10,480,823
73$27,096,577$4,362,774$2,284,291$11,336,526
74$29,796,451$4,512,573$2,296,838$12,273,554
75$32,769,697$4,667,697$2,307,790$13,300,034
76$36,044,135$4,828,343$2,317,030$14,424,921
77$39,650,422$4,994,717$2,324,435$15,658,074
78$43,622,338$5,167,031$2,329,877$17,010,355
79$47,997,108$5,345,507$2,333,219$18,493,729
80$52,815,751$5,530,375$2,334,320$20,121,376
81$58,123,468$5,721,874$2,333,031$21,907,814
82$63,970,069$5,920,253$2,329,194$23,869,035
83$70,410,440$6,125,769$2,322,646$26,022,659
84$77,505,065$6,338,692$2,313,215$28,388,096
85$85,320,594$6,559,299$2,300,719$30,986,729
86$93,930,471$6,787,882$2,284,971$33,842,115
87$103,415,633$7,024,742$2,265,771$36,980,210
88$113,865,265$7,270,192$2,242,911$40,429,607
89$125,377,648$7,524,557$2,216,175$44,221,811
90$138,061,085$7,788,178$2,185,334$48,391,533
91$152,034,923$8,061,406$2,150,150$52,977,015
92$167,430,678$8,344,607$2,110,373$58,020,393
93$184,393,278$8,638,164$2,065,741$63,568,093
94$203,082,430$8,942,472$2,015,982$69,671,270
95$223,674,129$9,257,944$1,960,808$76,386,283
96$246,362,315$9,585,009$1,899,920$83,775,237
97$271,360,710$9,924,112$1,833,006$91,906,558
98$298,904,828$10,275,719$1,759,737$100,855,643
99$329,254,204$10,640,313$1,679,771$110,705,572
100$362,694,840$11,018,396$1,592,751$121,547,885