Can I retire at age 42 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$123,043$121,947$120,878$119,834$118,815$117,379
2 years$60,912$59,778$58,678$57,612$56,578$55,133
3 years$40,205$39,065$37,969$36,913$35,896$34,486
4 years$29,853$28,717$27,632$26,594$25,601$24,238
5 years$23,644$22,515$21,443$20,426$19,462$18,149
6 years$19,505$18,385$17,329$16,335$15,399$14,139
7 years$16,551$15,440$14,401$13,430$12,524$11,316
8 years$14,336$13,235$12,213$11,266$10,390$9,235
9 years$12,614$11,523$10,519$9,596$8,750$7,647
10 years$11,237$10,157$9,171$8,272$7,455$6,403
11 years$10,111$9,042$8,074$7,199$6,412$5,410
12 years$9,174$8,116$7,165$6,315$5,556$4,604
13 years$8,381$7,334$6,402$5,575$4,845$3,941
14 years$7,703$6,667$5,752$4,949$4,247$3,390
15 years$7,115$6,090$5,193$4,413$3,740$2,928
16 years$6,601$5,588$4,708$3,952$3,305$2,537
17 years$6,148$5,146$4,284$3,551$2,930$2,205
18 years$5,746$4,755$3,911$3,200$2,606$1,921
19 years$5,387$4,407$3,580$2,891$2,322$1,677
20 years$5,064$4,095$3,286$2,619$2,074$1,467
21 years$4,772$3,815$3,022$2,377$1,856$1,285
22 years$4,507$3,561$2,786$2,161$1,664$1,127
23 years$4,266$3,330$2,572$1,968$1,494$990
24 years$4,045$3,120$2,379$1,795$1,343$871
25 years$3,841$2,928$2,203$1,639$1,208$766
26 years$3,654$2,752$2,043$1,499$1,088$675
27 years$3,481$2,590$1,897$1,372$981$595
28 years$3,321$2,441$1,764$1,257$885$524
29 years$3,172$2,302$1,641$1,153$799$463
30 years$3,033$2,174$1,529$1,058$722$408
31 years$2,903$2,055$1,425$972$653$360
32 years$2,782$1,945$1,330$893$591$318
33 years$2,668$1,842$1,242$821$535$281
34 years$2,562$1,746$1,160$755$484$249
35 years$2,461$1,656$1,085$695$438$220
36 years$2,366$1,572$1,015$640$397$194
37 years$2,277$1,493$950$590$360$172
38 years$2,193$1,418$889$544$326$152
39 years$2,113$1,349$833$502$296$135
40 years$2,037$1,283$781$463$268$119
41 years$1,965$1,222$732$427$244$105
42 years$1,897$1,163$687$394$221$93
43 years$1,832$1,108$645$364$201$83
44 years$1,770$1,057$605$336$182$73
45 years$1,711$1,008$568$310$165$65
46 years$1,655$961$534$286$150$57
47 years$1,602$917$501$265$136$51
48 years$1,551$876$471$244$124$45
49 years$1,502$836$443$226$112$40
50 years$1,455$799$416$209$102$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,490,000, adding $2,397 every year, while hoping to spend $23,136 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: 73/18/9 Blend
41$1,490,000$1,490,000$1,490,000$1,490,000
42$1,644,453$1,565,483$1,542,388$1,761,742
43$1,787,570$1,617,575$1,569,441$1,891,565
44$1,944,510$1,671,444$1,596,625$2,030,584
45$2,116,659$1,727,153$1,623,920$2,182,197
46$2,305,541$1,784,766$1,651,305$2,347,643
47$2,512,838$1,844,352$1,678,756$2,528,283
48$2,740,402$1,905,980$1,706,248$2,725,618
49$2,990,272$1,969,722$1,733,757$2,941,301
50$3,264,694$2,035,653$1,761,252$3,177,150
51$3,566,145$2,103,851$1,788,706$3,435,169
52$3,897,349$2,174,397$1,816,085$3,717,562
53$4,261,311$2,247,375$1,843,356$4,026,760
54$4,661,340$2,322,872$1,870,484$4,365,437
55$5,101,081$2,400,977$1,897,429$4,736,540
56$5,584,551$2,481,784$1,924,153$5,143,312
57$6,116,174$2,565,390$1,950,611$5,589,329
58$6,700,825$2,651,897$1,976,758$6,078,528
59$7,343,877$2,741,407$2,002,546$6,615,243
60$8,051,246$2,834,029$2,027,925$7,204,253
61$8,829,452$2,929,876$2,052,840$7,850,818
62$9,685,681$3,029,065$2,077,235$8,560,734
63$10,627,847$3,131,716$2,101,049$9,340,388
64$11,664,673$3,237,955$2,124,219$10,196,812
65$12,805,767$3,347,912$2,146,678$11,137,756
66$14,061,719$3,461,723$2,168,356$12,171,758
67$15,444,195$3,579,529$2,189,177$13,308,222
68$16,966,052$3,701,475$2,209,063$14,557,511
69$18,641,454$3,827,712$2,227,932$15,931,042
70$20,486,011$3,958,398$2,245,696$17,441,392
71$22,516,921$4,093,697$2,262,263$19,102,421
72$24,753,136$4,233,777$2,277,538$20,929,396
73$27,215,539$4,378,815$2,291,419$22,939,142
74$29,927,140$4,528,993$2,303,798$25,150,195
75$32,913,297$4,684,503$2,314,564$27,582,979
76$36,201,950$4,845,540$2,323,598$30,259,997
77$39,823,888$5,012,310$2,330,778$33,206,044
78$43,813,038$5,185,026$2,335,972$36,448,443
79$48,206,785$5,363,910$2,339,044$40,017,297
80$53,046,325$5,549,190$2,339,851$43,945,779
81$58,377,057$5,741,107$2,338,242$48,270,437
82$64,249,002$5,939,907$2,334,059$53,031,549
83$70,717,288$6,145,849$2,327,137$58,273,492
84$77,842,657$6,359,202$2,317,302$64,045,168
85$85,692,048$6,580,243$2,304,372$70,400,463
86$94,339,225$6,809,263$2,288,156$77,398,752
87$103,865,471$7,046,562$2,268,455$85,105,464
88$114,360,360$7,292,454$2,245,058$93,592,697
89$125,922,596$7,547,263$2,217,747$102,939,896
90$138,660,950$7,811,329$2,186,291$113,234,607
91$152,695,286$8,085,003$2,150,451$124,573,297
92$168,157,688$8,368,651$2,109,974$137,062,271
93$185,193,710$8,662,653$2,064,596$150,818,668
94$203,963,751$8,967,406$2,014,043$165,971,572
95$224,644,565$9,283,320$1,958,025$182,663,226
96$247,430,933$9,610,824$1,896,240$201,050,375
97$272,537,497$9,950,364$1,828,373$221,305,747
98$300,200,792$10,302,402$1,754,094$243,619,681
99$330,681,474$10,667,421$1,673,057$268,201,924
100$364,266,782$11,045,922$1,584,902$295,283,610