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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$123,869$122,765$121,689$120,638$119,612$117,486
2 years$61,321$60,179$59,072$57,999$56,958$54,823
3 years$40,475$39,328$38,224$37,161$36,137$34,059
4 years$30,053$28,910$27,817$26,772$25,773$23,769
5 years$23,802$22,666$21,587$20,564$19,592$17,668
6 years$19,636$18,508$17,446$16,445$15,503$13,660
7 years$16,662$15,543$14,497$13,520$12,608$10,848
8 years$14,432$13,323$12,295$11,342$10,459$8,781
9 years$12,698$11,600$10,590$9,661$8,808$7,211
10 years$11,312$10,225$9,232$8,328$7,505$5,987
11 years$10,179$9,103$8,128$7,247$6,455$5,015
12 years$9,236$8,170$7,213$6,357$5,593$4,229
13 years$8,438$7,384$6,445$5,612$4,878$3,587
14 years$7,754$6,711$5,791$4,982$4,276$3,057
15 years$7,163$6,131$5,228$4,443$3,765$2,615
16 years$6,646$5,625$4,740$3,978$3,327$2,244
17 years$6,190$5,181$4,313$3,574$2,950$1,931
18 years$5,785$4,787$3,937$3,221$2,623$1,665
19 years$5,423$4,437$3,605$2,911$2,338$1,439
20 years$5,098$4,123$3,308$2,636$2,088$1,246
21 years$4,804$3,840$3,043$2,393$1,869$1,080
22 years$4,537$3,585$2,804$2,175$1,675$937
23 years$4,294$3,353$2,589$1,981$1,504$814
24 years$4,072$3,141$2,395$1,807$1,352$708
25 years$3,867$2,948$2,218$1,650$1,216$616
26 years$3,679$2,770$2,057$1,509$1,096$537
27 years$3,505$2,607$1,910$1,381$988$468
28 years$3,343$2,457$1,776$1,265$891$408
29 years$3,193$2,318$1,652$1,160$805$356
30 years$3,053$2,189$1,539$1,065$727$310
31 years$2,923$2,069$1,435$978$657$271
32 years$2,801$1,958$1,339$899$595$237
33 years$2,686$1,854$1,250$827$538$207
34 years$2,579$1,757$1,168$761$487$180
35 years$2,478$1,667$1,092$700$441$158
36 years$2,382$1,582$1,022$645$400$138
37 years$2,292$1,503$956$594$362$120
38 years$2,207$1,428$895$548$329$105
39 years$2,127$1,358$839$505$298$92
40 years$2,051$1,292$786$466$270$80
41 years$1,978$1,230$737$430$245$70
42 years$1,910$1,171$692$397$222$62
43 years$1,844$1,116$649$366$202$54
44 years$1,782$1,064$609$338$183$47
45 years$1,723$1,014$572$312$166$41
46 years$1,666$968$537$288$151$36
47 years$1,613$923$505$266$137$31
48 years$1,561$882$474$246$125$28
49 years$1,512$842$446$227$113$24
50 years$1,465$804$419$210$103$21

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 $4,996 every year, while hoping to spend $38,346 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: 30/47/23 Blend
41$1,500,000$1,500,000$1,500,000$1,500,000
42$1,658,153$1,578,653$1,555,403$1,695,920
43$1,786,485$1,615,208$1,566,710$1,761,875
44$1,926,622$1,652,268$1,577,109$1,829,027
45$2,079,726$1,689,818$1,586,532$1,900,478
46$2,247,080$1,727,841$1,594,902$1,976,625
47$2,430,094$1,766,317$1,602,143$2,057,906
48$2,630,320$1,805,222$1,608,171$2,144,805
49$2,849,468$1,844,534$1,612,900$2,237,853
50$3,089,421$1,884,224$1,616,240$2,337,639
51$3,352,253$1,924,261$1,618,095$2,444,810
52$3,640,246$1,964,614$1,618,365$2,560,081
53$3,955,916$2,005,245$1,616,945$2,684,240
54$4,302,032$2,046,114$1,613,724$2,818,157
55$4,681,643$2,087,178$1,608,589$2,962,793
56$5,098,111$2,128,389$1,601,416$3,119,205
57$5,555,134$2,169,697$1,592,080$3,288,561
58$6,056,790$2,211,044$1,580,447$3,472,151
59$6,607,569$2,252,371$1,566,378$3,671,395
60$7,212,416$2,293,612$1,549,726$3,887,862
61$7,876,780$2,334,697$1,530,340$4,123,282
62$8,606,663$2,375,548$1,508,058$4,379,563
63$9,408,677$2,416,085$1,482,712$4,658,812
64$10,290,107$2,456,218$1,454,128$4,963,352
65$11,258,978$2,495,853$1,422,121$5,295,745
66$12,324,131$2,534,887$1,386,500$5,658,818
67$13,495,307$2,573,210$1,347,062$6,055,690
68$14,783,237$2,610,707$1,303,597$6,489,800
69$16,199,746$2,647,250$1,255,886$6,964,945
70$17,757,860$2,682,705$1,203,698$7,485,309
71$19,471,932$2,716,928$1,146,793$8,055,510
72$21,357,777$2,749,766$1,084,919$8,680,640
73$23,432,820$2,781,053$1,017,812$9,366,317
74$25,716,257$2,810,615$945,199$10,118,736
75$28,229,244$2,838,264$866,792$10,944,729
76$30,995,089$2,863,800$782,291$11,851,834
77$34,039,473$2,887,011$691,383$12,848,361
78$37,390,695$2,907,671$593,740$13,943,477
79$41,079,936$2,925,537$489,021$15,147,290
80$45,141,555$2,940,354$376,868$16,470,948
81$49,613,410$2,951,848$256,910$17,926,744
82$54,537,218$2,959,729$128,757$19,528,234
83$59,958,947$2,963,688$0$21,290,366
84$65,929,248$2,963,397$0$23,231,589
85$72,503,936$2,958,508$0$25,401,962
86$79,744,515$2,948,652$0$27,790,004
87$87,718,755$2,933,436$0$30,417,926
88$96,501,338$2,912,444$0$33,310,211
89$106,174,555$2,885,234$0$36,493,846
90$116,829,087$2,851,339$0$39,998,579
91$128,564,861$2,810,261$0$43,857,200
92$141,491,989$2,761,476$0$48,105,851
93$155,731,809$2,704,426$0$52,784,372
94$171,418,032$2,638,521$0$57,936,676
95$188,697,999$2,563,137$0$63,611,164
96$207,734,076$2,477,611$0$69,861,187
97$228,705,182$2,381,245$0$76,745,550
98$251,808,482$2,273,296$0$84,329,069
99$277,261,242$2,152,983$0$92,683,186
100$305,302,885$2,019,475$0$101,886,642