Can I retire at age 42 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$123,869$122,765$121,689$120,638$119,612$116,249
2 years$61,321$60,179$59,072$57,999$56,958$53,596
3 years$40,475$39,328$38,224$37,161$36,137$32,880
4 years$30,053$28,910$27,817$26,772$25,773$22,647
5 years$23,802$22,666$21,587$20,564$19,592$16,606
6 years$19,636$18,508$17,446$16,445$15,503$12,658
7 years$16,662$15,543$14,497$13,520$12,608$9,906
8 years$14,432$13,323$12,295$11,342$10,459$7,898
9 years$12,698$11,600$10,590$9,661$8,808$6,385
10 years$11,312$10,225$9,232$8,328$7,505$5,217
11 years$10,179$9,103$8,128$7,247$6,455$4,298
12 years$9,236$8,170$7,213$6,357$5,593$3,564
13 years$8,438$7,384$6,445$5,612$4,878$2,971
14 years$7,754$6,711$5,791$4,982$4,276$2,487
15 years$7,163$6,131$5,228$4,443$3,765$2,089
16 years$6,646$5,625$4,740$3,978$3,327$1,760
17 years$6,190$5,181$4,313$3,574$2,950$1,486
18 years$5,785$4,787$3,937$3,221$2,623$1,258
19 years$5,423$4,437$3,605$2,911$2,338$1,066
20 years$5,098$4,123$3,308$2,636$2,088$905
21 years$4,804$3,840$3,043$2,393$1,869$769
22 years$4,537$3,585$2,804$2,175$1,675$654
23 years$4,294$3,353$2,589$1,981$1,504$557
24 years$4,072$3,141$2,395$1,807$1,352$474
25 years$3,867$2,948$2,218$1,650$1,216$404
26 years$3,679$2,770$2,057$1,509$1,096$345
27 years$3,505$2,607$1,910$1,381$988$294
28 years$3,343$2,457$1,776$1,265$891$251
29 years$3,193$2,318$1,652$1,160$805$214
30 years$3,053$2,189$1,539$1,065$727$183
31 years$2,923$2,069$1,435$978$657$156
32 years$2,801$1,958$1,339$899$595$134
33 years$2,686$1,854$1,250$827$538$114
34 years$2,579$1,757$1,168$761$487$98
35 years$2,478$1,667$1,092$700$441$83
36 years$2,382$1,582$1,022$645$400$71
37 years$2,292$1,503$956$594$362$61
38 years$2,207$1,428$895$548$329$52
39 years$2,127$1,358$839$505$298$45
40 years$2,051$1,292$786$466$270$38
41 years$1,978$1,230$737$430$245$33
42 years$1,910$1,171$692$397$222$28
43 years$1,844$1,116$649$366$202$24
44 years$1,782$1,064$609$338$183$20
45 years$1,723$1,014$572$312$166$17
46 years$1,666$968$537$288$151$15
47 years$1,613$923$505$266$137$13
48 years$1,561$882$474$246$125$11
49 years$1,512$842$446$227$113$9
50 years$1,465$804$419$210$103$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,500,000, adding $3,353 every year, while hoping to spend $38,794 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: 66/20/14 Blend
41$1,500,000$1,500,000$1,500,000$1,500,000
42$1,656,459$1,576,959$1,553,709$1,760,145
43$1,784,141$1,612,953$1,564,481$1,865,781
44$1,923,547$1,649,411$1,574,315$1,976,351
45$2,075,830$1,686,314$1,583,136$2,096,239
46$2,242,264$1,723,642$1,590,870$2,226,353
47$2,424,246$1,761,373$1,597,436$2,367,695
48$2,623,319$1,799,480$1,602,750$2,521,369
49$2,841,179$1,837,936$1,606,723$2,688,590
50$3,079,695$1,876,710$1,609,264$2,870,697
51$3,340,924$1,915,768$1,610,274$3,069,167
52$3,627,131$1,955,074$1,609,652$3,285,624
53$3,940,813$1,994,588$1,607,290$3,521,860
54$4,284,718$2,034,264$1,603,076$3,779,849
55$4,661,872$2,074,056$1,596,892$4,061,763
56$5,075,609$2,113,911$1,588,614$4,370,001
57$5,529,602$2,153,773$1,578,113$4,707,202
58$6,027,895$2,193,582$1,565,253$5,076,275
59$6,574,943$2,233,270$1,549,892$5,480,428
60$7,175,655$2,272,768$1,531,881$5,923,193
61$7,835,436$2,311,998$1,511,063$6,408,463
62$8,560,243$2,350,878$1,487,276$6,940,531
63$9,356,636$2,389,319$1,460,348$7,524,124
64$10,231,843$2,427,226$1,430,100$8,164,454
65$11,193,828$2,464,497$1,396,346$8,867,265
66$12,251,363$2,501,022$1,358,888$9,638,885
67$13,414,113$2,536,683$1,317,522$10,486,289
68$14,692,727$2,571,355$1,272,033$11,417,167
69$16,098,935$2,604,902$1,222,196$12,439,989
70$17,645,666$2,637,181$1,167,779$13,564,093
71$19,347,158$2,668,038$1,108,534$14,799,770
72$21,219,105$2,697,308$1,044,206$16,158,361
73$23,278,794$2,724,816$974,527$17,652,365
74$25,545,274$2,750,375$899,217$19,295,557
75$28,039,535$2,773,787$817,984$21,103,119
76$30,784,702$2,794,837$730,521$23,091,783
77$33,806,258$2,813,301$636,511$25,279,988
78$37,132,281$2,828,937$535,618$27,688,059
79$40,793,709$2,841,490$427,496$30,338,393
80$44,824,631$2,850,686$311,781$33,255,674
81$49,262,611$2,856,238$188,093$36,467,109
82$54,149,039$2,857,836$56,037$40,002,680
83$59,529,525$2,855,154$0$43,895,431
84$65,454,326$2,847,845$0$48,194,461
85$71,978,818$2,835,541$0$52,936,982
86$79,164,026$2,817,850$0$58,158,915
87$87,077,191$2,794,359$0$63,909,080
88$95,792,409$2,764,628$0$70,241,275
89$105,391,330$2,728,190$0$77,214,787
90$115,963,926$2,684,552$0$84,894,952
91$127,609,341$2,633,189$0$93,353,768
92$140,436,828$2,573,549$0$102,670,581
93$154,566,774$2,505,043$0$112,932,827
94$170,131,845$2,427,050$0$124,236,866
95$187,278,230$2,338,912$0$136,688,886
96$206,167,024$2,239,933$0$150,405,907
97$226,975,747$2,129,376$0$165,516,890
98$249,900,019$2,006,462$0$182,163,948
99$275,155,409$1,870,366$0$200,503,695
100$302,979,464$1,720,218$0$220,708,722