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%12.4%
1 years$123,869$122,765$121,689$120,638$119,612$118,412
2 years$61,321$60,179$59,072$57,999$56,958$55,750
3 years$40,475$39,328$38,224$37,161$36,137$34,957
4 years$30,053$28,910$27,817$26,772$25,773$24,631
5 years$23,802$22,666$21,587$20,564$19,592$18,492
6 years$19,636$18,508$17,446$16,445$15,503$14,445
7 years$16,662$15,543$14,497$13,520$12,608$11,593
8 years$14,432$13,323$12,295$11,342$10,459$9,488
9 years$12,698$11,600$10,590$9,661$8,808$7,879
10 years$11,312$10,225$9,232$8,328$7,505$6,618
11 years$10,179$9,103$8,128$7,247$6,455$5,609
12 years$9,236$8,170$7,213$6,357$5,593$4,789
13 years$8,438$7,384$6,445$5,612$4,878$4,112
14 years$7,754$6,711$5,791$4,982$4,276$3,549
15 years$7,163$6,131$5,228$4,443$3,765$3,075
16 years$6,646$5,625$4,740$3,978$3,327$2,674
17 years$6,190$5,181$4,313$3,574$2,950$2,332
18 years$5,785$4,787$3,937$3,221$2,623$2,039
19 years$5,423$4,437$3,605$2,911$2,338$1,787
20 years$5,098$4,123$3,308$2,636$2,088$1,569
21 years$4,804$3,840$3,043$2,393$1,869$1,380
22 years$4,537$3,585$2,804$2,175$1,675$1,215
23 years$4,294$3,353$2,589$1,981$1,504$1,071
24 years$4,072$3,141$2,395$1,807$1,352$945
25 years$3,867$2,948$2,218$1,650$1,216$835
26 years$3,679$2,770$2,057$1,509$1,096$738
27 years$3,505$2,607$1,910$1,381$988$653
28 years$3,343$2,457$1,776$1,265$891$578
29 years$3,193$2,318$1,652$1,160$805$512
30 years$3,053$2,189$1,539$1,065$727$454
31 years$2,923$2,069$1,435$978$657$403
32 years$2,801$1,958$1,339$899$595$357
33 years$2,686$1,854$1,250$827$538$317
34 years$2,579$1,757$1,168$761$487$281
35 years$2,478$1,667$1,092$700$441$250
36 years$2,382$1,582$1,022$645$400$222
37 years$2,292$1,503$956$594$362$197
38 years$2,207$1,428$895$548$329$175
39 years$2,127$1,358$839$505$298$155
40 years$2,051$1,292$786$466$270$138
41 years$1,978$1,230$737$430$245$123
42 years$1,910$1,171$692$397$222$109
43 years$1,844$1,116$649$366$202$97
44 years$1,782$1,064$609$338$183$86
45 years$1,723$1,014$572$312$166$77
46 years$1,666$968$537$288$151$68
47 years$1,613$923$505$266$137$61
48 years$1,561$882$474$246$125$54
49 years$1,512$842$446$227$113$48
50 years$1,465$804$419$210$103$43

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 $4,578 every year, while hoping to spend $37,683 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$1,500,000$1,500,000$1,500,000$1,500,000
42$1,657,722$1,578,222$1,554,972$1,771,411
43$1,786,715$1,615,461$1,566,969$1,884,539
44$1,927,603$1,653,261$1,578,105$2,003,283
45$2,081,558$1,691,610$1,588,312$2,132,253
46$2,249,873$1,730,495$1,597,516$2,272,449
47$2,433,970$1,769,900$1,605,643$2,424,972
48$2,635,416$1,809,805$1,612,612$2,591,035
49$2,855,933$1,850,191$1,618,340$2,771,975
50$3,097,422$1,891,034$1,622,738$2,969,262
51$3,361,974$1,932,310$1,625,715$3,184,518
52$3,651,892$1,973,989$1,627,173$3,419,528
53$3,969,712$2,016,041$1,627,010$3,676,260
54$4,318,226$2,058,431$1,625,119$3,956,881
55$4,700,513$2,101,122$1,621,388$4,263,777
56$5,119,961$2,144,073$1,615,700$4,599,581
57$5,580,303$2,187,238$1,607,931$4,967,189
58$6,085,649$2,230,568$1,597,953$5,369,795
59$6,640,530$2,274,010$1,585,629$5,810,917
60$7,249,934$2,317,507$1,570,817$6,294,433
61$7,919,358$2,360,995$1,553,370$6,824,613
62$8,654,855$2,404,407$1,533,131$7,406,164
63$9,463,097$2,447,669$1,509,937$8,044,274
64$10,351,431$2,490,703$1,483,618$8,744,657
65$11,327,953$2,533,423$1,453,995$9,513,612
66$12,401,581$2,575,738$1,420,881$10,358,077
67$13,582,141$2,617,548$1,384,080$11,285,701
68$14,880,460$2,658,749$1,343,387$12,304,911
69$16,308,466$2,699,226$1,298,589$13,424,994
70$17,879,299$2,738,858$1,249,461$14,656,184
71$19,607,439$2,777,514$1,195,770$16,009,758
72$21,508,840$2,815,054$1,137,271$17,498,146
73$23,601,079$2,851,329$1,073,707$19,135,042
74$25,903,524$2,886,179$1,004,811$20,935,541
75$28,437,516$2,919,434$930,304$22,916,276
76$31,226,567$2,950,911$849,894$25,095,577
77$34,296,587$2,980,415$763,275$27,493,644
78$37,676,123$3,007,740$670,129$30,132,739
79$41,396,633$3,032,665$570,124$33,037,395
80$45,492,777$3,054,953$462,911$36,234,648
81$50,002,749$3,074,354$348,127$39,754,292
82$54,968,634$3,090,603$225,394$43,629,164
83$60,436,806$3,103,413$94,316$47,895,448
84$66,458,365$3,112,485$0$52,593,022
85$73,089,618$3,117,497$0$57,771,183
86$80,392,613$3,118,108$0$63,485,174
87$88,435,721$3,113,957$0$69,777,340
88$97,294,282$3,104,658$0$76,706,558
89$107,051,317$3,089,805$0$84,337,706
90$117,798,310$3,068,964$0$92,742,282
91$129,636,071$3,041,676$0$101,999,074
92$142,675,686$3,007,454$0$112,194,907
93$157,039,570$2,965,783$0$123,425,463
94$172,862,615$2,916,116$0$135,796,180
95$190,293,468$2,857,872$0$149,423,254
96$209,495,933$2,790,439$0$164,434,731
97$230,650,514$2,713,166$0$180,971,720
98$253,956,121$2,625,366$0$199,189,721
99$279,631,946$2,526,310$0$219,260,096
100$307,919,533$2,415,227$0$241,371,689