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%19.6%
1 years$123,869$122,765$121,689$120,638$119,612$115,003
2 years$61,321$60,179$59,072$57,999$56,958$52,369
3 years$40,475$39,328$38,224$37,161$36,137$31,712
4 years$30,053$28,910$27,817$26,772$25,773$21,547
5 years$23,802$22,666$21,587$20,564$19,592$15,576
6 years$19,636$18,508$17,446$16,445$15,503$11,699
7 years$16,662$15,543$14,497$13,520$12,608$9,015
8 years$14,432$13,323$12,295$11,342$10,459$7,074
9 years$12,698$11,600$10,590$9,661$8,808$5,625
10 years$11,312$10,225$9,232$8,328$7,505$4,519
11 years$10,179$9,103$8,128$7,247$6,455$3,658
12 years$9,236$8,170$7,213$6,357$5,593$2,979
13 years$8,438$7,384$6,445$5,612$4,878$2,438
14 years$7,754$6,711$5,791$4,982$4,276$2,003
15 years$7,163$6,131$5,228$4,443$3,765$1,651
16 years$6,646$5,625$4,740$3,978$3,327$1,364
17 years$6,190$5,181$4,313$3,574$2,950$1,129
18 years$5,785$4,787$3,937$3,221$2,623$936
19 years$5,423$4,437$3,605$2,911$2,338$778
20 years$5,098$4,123$3,308$2,636$2,088$647
21 years$4,804$3,840$3,043$2,393$1,869$538
22 years$4,537$3,585$2,804$2,175$1,675$448
23 years$4,294$3,353$2,589$1,981$1,504$373
24 years$4,072$3,141$2,395$1,807$1,352$311
25 years$3,867$2,948$2,218$1,650$1,216$260
26 years$3,679$2,770$2,057$1,509$1,096$217
27 years$3,505$2,607$1,910$1,381$988$181
28 years$3,343$2,457$1,776$1,265$891$151
29 years$3,193$2,318$1,652$1,160$805$126
30 years$3,053$2,189$1,539$1,065$727$105
31 years$2,923$2,069$1,435$978$657$88
32 years$2,801$1,958$1,339$899$595$74
33 years$2,686$1,854$1,250$827$538$62
34 years$2,579$1,757$1,168$761$487$51
35 years$2,478$1,667$1,092$700$441$43
36 years$2,382$1,582$1,022$645$400$36
37 years$2,292$1,503$956$594$362$30
38 years$2,207$1,428$895$548$329$25
39 years$2,127$1,358$839$505$298$21
40 years$2,051$1,292$786$466$270$18
41 years$1,978$1,230$737$430$245$15
42 years$1,910$1,171$692$397$222$12
43 years$1,844$1,116$649$366$202$10
44 years$1,782$1,064$609$338$183$9
45 years$1,723$1,014$572$312$166$7
46 years$1,666$968$537$288$151$6
47 years$1,613$923$505$266$137$5
48 years$1,561$882$474$246$125$4
49 years$1,512$842$446$227$113$4
50 years$1,465$804$419$210$103$3

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 $6,351 every year, while hoping to spend $33,153 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: 56/32/12 Blend
41$1,500,000$1,500,000$1,500,000$1,500,000
42$1,659,551$1,580,051$1,556,801$1,747,105
43$1,793,551$1,622,199$1,573,679$1,849,253
44$1,940,107$1,665,301$1,590,012$1,956,276
45$2,100,466$1,709,369$1,605,746$2,072,069
46$2,276,000$1,754,414$1,620,824$2,197,475
47$2,468,218$1,800,447$1,635,188$2,333,424
48$2,678,785$1,847,477$1,648,775$2,480,938
49$2,909,532$1,895,514$1,661,520$2,641,142
50$3,162,477$1,944,567$1,673,354$2,815,276
51$3,439,842$1,994,643$1,684,203$3,004,705
52$3,744,073$2,045,749$1,693,992$3,210,931
53$4,077,868$2,097,889$1,702,640$3,435,610
54$4,444,194$2,151,070$1,710,062$3,680,566
55$4,846,323$2,205,293$1,716,170$3,947,807
56$5,287,857$2,260,561$1,720,870$4,239,545
57$5,772,764$2,316,875$1,724,066$4,558,218
58$6,305,417$2,374,232$1,725,652$4,906,511
59$6,890,630$2,432,631$1,725,523$5,287,382
60$7,533,711$2,492,066$1,723,564$5,704,088
61$8,240,503$2,552,531$1,719,657$6,160,220
62$9,017,446$2,614,017$1,713,677$6,659,735
63$9,871,634$2,676,512$1,705,494$7,206,989
64$10,810,884$2,740,004$1,694,971$7,806,785
65$11,843,805$2,804,475$1,681,964$8,464,414
66$12,979,886$2,869,908$1,666,323$9,185,706
67$14,229,580$2,936,279$1,647,890$9,977,084
68$15,604,404$3,003,563$1,626,501$10,845,628
69$17,117,047$3,071,731$1,601,983$11,799,138
70$18,781,491$3,140,751$1,574,154$12,846,208
71$20,613,141$3,210,586$1,542,826$13,996,310
72$22,628,971$3,281,195$1,507,801$15,259,881
73$24,847,685$3,352,532$1,468,871$16,648,422
74$27,289,890$3,424,547$1,425,819$18,174,607
75$29,978,294$3,497,185$1,378,419$19,852,402
76$32,937,918$3,570,385$1,326,434$21,697,200
77$36,196,331$3,644,079$1,269,615$23,725,960
78$39,783,912$3,718,194$1,207,703$25,957,374
79$43,734,137$3,792,652$1,140,426$28,412,040
80$48,083,891$3,867,364$1,067,503$31,112,656
81$52,873,819$3,942,236$988,636$34,084,238
82$58,148,710$4,017,167$903,516$37,354,351
83$63,957,915$4,092,044$811,820$40,953,377
84$70,355,816$4,166,749$713,210$44,914,792
85$77,402,341$4,241,151$607,334$49,275,493
86$85,163,524$4,315,111$493,824$54,076,137
87$93,712,131$4,388,479$372,295$59,361,533
88$103,128,346$4,461,093$242,345$65,181,061
89$113,500,529$4,532,778$103,555$71,589,138
90$124,926,047$4,603,348$0$78,645,735
91$137,512,195$4,672,603$0$86,422,647
92$151,377,206$4,740,328$0$95,001,524
93$166,651,369$4,806,292$0$104,449,419
94$183,478,258$4,870,250$0$114,854,851
95$202,016,086$4,931,938$0$126,315,368
96$222,439,199$4,991,074$0$138,938,467
97$244,939,719$5,047,359$0$152,842,610
98$269,729,361$5,100,471$0$168,158,343
99$297,041,429$5,150,067$0$185,029,526
100$327,133,019$5,195,784$0$203,614,696