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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$123,043$121,947$120,878$119,834$118,815$116,607
2 years$60,912$59,778$58,678$57,612$56,578$54,362
3 years$40,205$39,065$37,969$36,913$35,896$33,740
4 years$29,853$28,717$27,632$26,594$25,601$23,523
5 years$23,644$22,515$21,443$20,426$19,462$17,467
6 years$19,505$18,385$17,329$16,335$15,399$13,490
7 years$16,551$15,440$14,401$13,430$12,524$10,700
8 years$14,336$13,235$12,213$11,266$10,390$8,652
9 years$12,614$11,523$10,519$9,596$8,750$7,096
10 years$11,237$10,157$9,171$8,272$7,455$5,885
11 years$10,111$9,042$8,074$7,199$6,412$4,923
12 years$9,174$8,116$7,165$6,315$5,556$4,146
13 years$8,381$7,334$6,402$5,575$4,845$3,512
14 years$7,703$6,667$5,752$4,949$4,247$2,989
15 years$7,115$6,090$5,193$4,413$3,740$2,553
16 years$6,601$5,588$4,708$3,952$3,305$2,188
17 years$6,148$5,146$4,284$3,551$2,930$1,880
18 years$5,746$4,755$3,911$3,200$2,606$1,619
19 years$5,387$4,407$3,580$2,891$2,322$1,397
20 years$5,064$4,095$3,286$2,619$2,074$1,208
21 years$4,772$3,815$3,022$2,377$1,856$1,045
22 years$4,507$3,561$2,786$2,161$1,664$906
23 years$4,266$3,330$2,572$1,968$1,494$786
24 years$4,045$3,120$2,379$1,795$1,343$682
25 years$3,841$2,928$2,203$1,639$1,208$593
26 years$3,654$2,752$2,043$1,499$1,088$515
27 years$3,481$2,590$1,897$1,372$981$448
28 years$3,321$2,441$1,764$1,257$885$390
29 years$3,172$2,302$1,641$1,153$799$340
30 years$3,033$2,174$1,529$1,058$722$296
31 years$2,903$2,055$1,425$972$653$258
32 years$2,782$1,945$1,330$893$591$225
33 years$2,668$1,842$1,242$821$535$196
34 years$2,562$1,746$1,160$755$484$171
35 years$2,461$1,656$1,085$695$438$149
36 years$2,366$1,572$1,015$640$397$130
37 years$2,277$1,493$950$590$360$114
38 years$2,193$1,418$889$544$326$99
39 years$2,113$1,349$833$502$296$86
40 years$2,037$1,283$781$463$268$75
41 years$1,965$1,222$732$427$244$66
42 years$1,897$1,163$687$394$221$58
43 years$1,832$1,108$645$364$201$50
44 years$1,770$1,057$605$336$182$44
45 years$1,711$1,008$568$310$165$38
46 years$1,655$961$534$286$150$33
47 years$1,602$917$501$265$136$29
48 years$1,551$876$471$244$124$25
49 years$1,502$836$443$226$112$22
50 years$1,455$799$416$209$102$19

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 $2,722 every year, while hoping to spend $20,246 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: 71/18/11 Blend
41$1,490,000$1,490,000$1,490,000$1,490,000
42$1,644,788$1,565,818$1,542,723$1,757,719
43$1,791,015$1,621,001$1,572,862$1,888,043
44$1,951,478$1,678,210$1,603,333$2,027,917
45$2,127,608$1,737,522$1,634,125$2,180,484
46$2,320,982$1,799,019$1,665,226$2,346,993
47$2,533,336$1,862,784$1,696,624$2,528,815
48$2,766,581$1,928,905$1,728,306$2,727,463
49$3,022,825$1,997,474$1,760,257$2,944,600
50$3,304,389$2,068,586$1,792,461$3,182,059
51$3,613,828$2,142,339$1,824,900$3,441,857
52$3,953,962$2,218,836$1,857,557$3,726,214
53$4,327,891$2,298,185$1,890,411$4,037,578
54$4,739,036$2,380,496$1,923,440$4,378,641
55$5,191,164$2,465,886$1,956,621$4,752,372
56$5,688,424$2,554,476$1,989,929$5,162,036
57$6,235,389$2,646,391$2,023,337$5,611,232
58$6,837,097$2,741,762$2,056,817$6,103,923
59$7,499,098$2,840,726$2,090,339$6,644,475
60$8,227,510$2,943,425$2,123,868$7,237,697
61$9,029,069$3,050,006$2,157,371$7,888,884
62$9,911,202$3,160,625$2,190,811$8,603,872
63$10,882,089$3,275,440$2,224,148$9,389,086
64$11,950,745$3,394,619$2,257,339$10,251,608
65$13,127,102$3,518,336$2,290,341$11,199,236
66$14,422,105$3,646,774$2,323,107$12,240,563
67$15,847,814$3,780,120$2,355,585$13,385,054
68$17,417,516$3,918,571$2,387,722$14,643,138
69$19,145,855$4,062,333$2,419,463$16,026,304
70$21,048,965$4,211,620$2,450,748$17,547,209
71$23,144,624$4,366,654$2,481,512$19,219,798
72$25,452,423$4,527,668$2,511,691$21,059,437
73$27,993,950$4,694,903$2,541,212$23,083,054
74$30,792,992$4,868,612$2,570,001$25,309,299
75$33,875,761$5,049,059$2,597,981$27,758,723
76$37,271,143$5,236,516$2,625,067$30,453,968
77$41,010,964$5,431,271$2,651,172$33,419,981
78$45,130,300$5,633,621$2,676,204$36,684,251
79$49,667,800$5,843,877$2,700,065$40,277,065
80$54,666,051$6,062,363$2,722,653$44,231,795
81$60,171,987$6,289,417$2,743,861$48,585,214
82$66,237,323$6,525,391$2,763,573$53,377,839
83$72,919,048$6,770,654$2,781,672$58,654,316
84$80,279,964$7,025,589$2,798,030$64,463,840
85$88,389,273$7,290,595$2,812,517$70,860,616
86$97,323,235$7,566,091$2,824,992$77,904,376
87$107,165,886$7,852,510$2,835,311$85,660,936
88$118,009,831$8,150,309$2,843,319$94,202,823
89$129,957,120$8,459,959$2,848,856$103,609,950
90$143,120,206$8,781,957$2,851,752$113,970,381
91$157,623,011$9,116,817$2,851,830$125,381,151
92$173,602,096$9,465,079$2,848,904$137,949,188
93$191,207,946$9,827,304$2,842,779$151,792,319
94$210,606,393$10,204,079$2,833,249$167,040,383
95$231,980,182$10,596,015$2,820,099$183,836,454
96$255,530,693$11,003,753$2,803,105$202,338,191
97$281,479,846$11,427,958$2,782,031$222,719,328
98$310,072,190$11,869,328$2,756,629$245,171,309
99$341,577,217$12,328,589$2,726,640$269,905,098
100$376,291,903$12,806,500$2,691,792$297,153,167