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%20%
1 years$123,043$121,947$120,878$119,834$118,815$114,056
2 years$60,912$59,778$58,678$57,612$56,578$51,843
3 years$40,205$39,065$37,969$36,913$35,896$31,334
4 years$29,853$28,717$27,632$26,594$25,601$21,247
5 years$23,644$22,515$21,443$20,426$19,462$15,327
6 years$19,505$18,385$17,329$16,335$15,399$11,486
7 years$16,551$15,440$14,401$13,430$12,524$8,831
8 years$14,336$13,235$12,213$11,266$10,390$6,913
9 years$12,614$11,523$10,519$9,596$8,750$5,484
10 years$11,237$10,157$9,171$8,272$7,455$4,394
11 years$10,111$9,042$8,074$7,199$6,412$3,548
12 years$9,174$8,116$7,165$6,315$5,556$2,882
13 years$8,381$7,334$6,402$5,575$4,845$2,352
14 years$7,703$6,667$5,752$4,949$4,247$1,927
15 years$7,115$6,090$5,193$4,413$3,740$1,583
16 years$6,601$5,588$4,708$3,952$3,305$1,304
17 years$6,148$5,146$4,284$3,551$2,930$1,077
18 years$5,746$4,755$3,911$3,200$2,606$890
19 years$5,387$4,407$3,580$2,891$2,322$737
20 years$5,064$4,095$3,286$2,619$2,074$611
21 years$4,772$3,815$3,022$2,377$1,856$507
22 years$4,507$3,561$2,786$2,161$1,664$421
23 years$4,266$3,330$2,572$1,968$1,494$350
24 years$4,045$3,120$2,379$1,795$1,343$291
25 years$3,841$2,928$2,203$1,639$1,208$242
26 years$3,654$2,752$2,043$1,499$1,088$201
27 years$3,481$2,590$1,897$1,372$981$167
28 years$3,321$2,441$1,764$1,257$885$139
29 years$3,172$2,302$1,641$1,153$799$116
30 years$3,033$2,174$1,529$1,058$722$97
31 years$2,903$2,055$1,425$972$653$80
32 years$2,782$1,945$1,330$893$591$67
33 years$2,668$1,842$1,242$821$535$56
34 years$2,562$1,746$1,160$755$484$46
35 years$2,461$1,656$1,085$695$438$39
36 years$2,366$1,572$1,015$640$397$32
37 years$2,277$1,493$950$590$360$27
38 years$2,193$1,418$889$544$326$22
39 years$2,113$1,349$833$502$296$19
40 years$2,037$1,283$781$463$268$16
41 years$1,965$1,222$732$427$244$13
42 years$1,897$1,163$687$394$221$11
43 years$1,832$1,108$645$364$201$9
44 years$1,770$1,057$605$336$182$7
45 years$1,711$1,008$568$310$165$6
46 years$1,655$961$534$286$150$5
47 years$1,602$917$501$265$136$4
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$3
50 years$1,455$799$416$209$102$3

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 $2,363 every year, while hoping to spend $30,937 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: 63/9/28 Blend
41$1,490,000$1,490,000$1,490,000$1,490,000
42$1,644,417$1,565,447$1,542,352$1,735,583
43$1,779,231$1,609,238$1,561,105$1,841,499
44$1,926,759$1,654,137$1,579,448$1,953,550
45$2,088,266$1,700,166$1,597,336$2,075,283
46$2,265,142$1,747,348$1,614,721$2,207,652
47$2,458,922$1,795,704$1,631,549$2,351,710
48$2,671,294$1,845,255$1,647,768$2,508,615
49$2,904,117$1,896,024$1,663,319$2,679,642
50$3,159,439$1,948,031$1,678,143$2,866,199
51$3,439,516$2,001,298$1,692,174$3,069,835
52$3,746,832$2,055,847$1,705,347$3,292,257
53$4,084,123$2,111,697$1,717,590$3,535,348
54$4,454,403$2,168,871$1,728,830$3,801,180
55$4,860,994$2,227,387$1,738,988$4,092,037
56$5,307,553$2,287,267$1,747,981$4,410,439
57$5,798,110$2,348,528$1,755,724$4,759,158
58$6,337,102$2,411,191$1,762,126$5,141,252
59$6,929,420$2,475,274$1,767,091$5,560,091
60$7,580,452$2,540,793$1,770,520$6,019,387
61$8,296,132$2,607,766$1,772,306$6,523,232
62$9,083,000$2,676,209$1,772,341$7,076,135
63$9,948,259$2,746,136$1,770,507$7,683,067
64$10,899,846$2,817,562$1,766,684$8,349,504
65$11,946,506$2,890,498$1,760,744$9,081,481
66$13,097,875$2,964,957$1,752,554$9,885,649
67$14,364,567$3,040,949$1,741,973$10,769,341
68$15,758,279$3,118,482$1,728,855$11,740,633
69$17,291,898$3,197,562$1,713,047$12,808,431
70$18,979,624$3,278,195$1,694,386$13,982,545
71$20,837,102$3,360,383$1,672,705$15,273,790
72$22,881,573$3,444,128$1,647,826$16,694,084
73$25,132,030$3,529,427$1,619,566$18,256,561
74$27,609,405$3,616,277$1,587,729$19,975,695
75$30,336,761$3,704,671$1,552,114$21,867,439
76$33,339,509$3,794,598$1,512,509$23,949,375
77$36,645,652$3,886,047$1,468,691$26,240,877
78$40,286,046$3,979,000$1,420,429$28,763,298
79$44,294,689$4,073,438$1,367,480$31,540,172
80$48,709,048$4,169,337$1,309,591$34,597,434
81$53,570,404$4,266,668$1,246,496$37,963,665
82$58,924,249$4,365,399$1,177,918$41,670,364
83$64,820,711$4,465,492$1,103,566$45,752,247
84$71,315,028$4,566,905$1,023,139$50,247,571
85$78,468,066$4,669,588$936,320$55,198,499
86$86,346,900$4,773,489$842,778$60,651,496
87$95,025,440$4,878,547$742,167$66,657,770
88$104,585,132$4,984,693$634,128$73,273,756
89$115,115,727$5,091,855$518,282$80,561,647
90$126,716,125$5,199,949$394,238$88,589,985
91$139,495,308$5,308,885$261,584$97,434,306
92$153,573,374$5,418,564$119,891$107,177,854
93$169,082,663$5,528,879$0$117,912,370
94$186,169,010$5,639,710$0$129,748,312
95$204,993,123$5,750,929$0$142,826,575
96$225,732,094$5,862,397$0$157,234,237
97$248,581,074$5,973,961$0$173,106,769
98$273,755,116$6,085,458$0$190,593,456
99$301,491,201$6,196,709$0$209,858,807
100$332,050,479$6,307,523$0$231,084,109