Can I retire at age 42 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$124,694$123,584$122,500$121,442$120,410$117,119
2 years$61,730$60,580$59,466$58,386$57,338$54,046
3 years$40,744$39,590$38,478$37,408$36,377$33,189
4 years$30,254$29,103$28,002$26,951$25,945$22,883
5 years$23,961$22,817$21,731$20,701$19,723$16,796
6 years$19,767$18,632$17,562$16,554$15,606$12,817
7 years$16,773$15,647$14,594$13,610$12,692$10,042
8 years$14,528$13,412$12,377$11,417$10,529$8,016
9 years$12,783$11,678$10,660$9,725$8,867$6,488
10 years$11,388$10,293$9,294$8,383$7,555$5,308
11 years$10,247$9,164$8,182$7,296$6,498$4,378
12 years$9,297$8,225$7,261$6,399$5,631$3,635
13 years$8,494$7,433$6,488$5,650$4,910$3,034
14 years$7,806$6,756$5,829$5,015$4,304$2,544
15 years$7,211$6,172$5,263$4,473$3,790$2,140
16 years$6,690$5,663$4,772$4,005$3,349$1,805
17 years$6,231$5,215$4,342$3,598$2,970$1,527
18 years$5,823$4,819$3,964$3,243$2,641$1,294
19 years$5,459$4,466$3,629$2,930$2,354$1,098
20 years$5,132$4,150$3,330$2,654$2,102$934
21 years$4,836$3,866$3,063$2,408$1,881$795
22 years$4,568$3,608$2,823$2,190$1,686$677
23 years$4,323$3,375$2,607$1,994$1,514$577
24 years$4,099$3,162$2,411$1,819$1,361$493
25 years$3,893$2,967$2,233$1,661$1,224$421
26 years$3,703$2,789$2,071$1,519$1,103$359
27 years$3,528$2,625$1,923$1,390$994$307
28 years$3,365$2,473$1,788$1,274$897$263
29 years$3,214$2,333$1,664$1,168$810$225
30 years$3,074$2,204$1,549$1,072$732$192
31 years$2,942$2,083$1,445$985$662$164
32 years$2,819$1,971$1,348$905$599$141
33 years$2,704$1,867$1,258$832$542$120
34 years$2,596$1,769$1,176$766$491$103
35 years$2,494$1,678$1,099$705$444$88
36 years$2,398$1,593$1,028$649$403$76
37 years$2,308$1,513$963$598$365$65
38 years$2,222$1,438$901$551$331$55
39 years$2,141$1,367$844$508$300$47
40 years$2,064$1,301$792$469$272$41
41 years$1,992$1,238$742$433$247$35
42 years$1,922$1,179$696$399$224$30
43 years$1,857$1,123$653$368$203$26
44 years$1,794$1,071$613$340$184$22
45 years$1,734$1,021$576$314$167$19
46 years$1,678$974$541$290$152$16
47 years$1,623$930$508$268$138$14
48 years$1,571$887$477$248$125$12
49 years$1,522$847$449$229$114$10
50 years$1,474$809$422$212$103$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,510,000, adding $3,674 every year, while hoping to spend $37,833 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: 71/20/9 Blend
41$1,510,000$1,510,000$1,510,000$1,510,000
42$1,667,810$1,587,780$1,564,375$1,783,231
43$1,797,672$1,625,327$1,576,527$1,897,600
44$1,939,513$1,663,446$1,587,819$2,017,735
45$2,094,513$1,702,125$1,598,181$2,148,200
46$2,263,974$1,741,350$1,607,541$2,290,005
47$2,449,329$1,781,105$1,615,823$2,444,260
48$2,652,154$1,821,373$1,622,947$2,612,188
49$2,874,187$1,862,133$1,628,828$2,795,135
50$3,117,340$1,903,364$1,633,380$2,994,587
51$3,383,719$1,945,039$1,636,508$3,212,176
52$3,675,644$1,987,131$1,638,117$3,449,702
53$3,995,668$2,029,609$1,638,102$3,709,150
54$4,346,606$2,072,440$1,636,359$3,992,702
55$4,731,556$2,115,586$1,632,773$4,302,765
56$5,153,932$2,159,006$1,627,228$4,641,990
57$5,617,492$2,202,657$1,619,599$5,013,299
58$6,126,378$2,246,488$1,609,757$5,419,909
59$6,685,150$2,290,449$1,597,566$5,865,365
60$7,298,836$2,334,480$1,582,884$6,353,574
61$7,972,968$2,378,521$1,565,562$6,888,840
62$8,713,646$2,422,504$1,545,444$7,475,907
63$9,527,588$2,466,357$1,522,366$8,120,000
64$10,422,194$2,510,000$1,496,157$8,826,877
65$11,405,617$2,553,350$1,466,638$9,602,883
66$12,486,841$2,596,315$1,433,622$10,455,012
67$13,675,763$2,638,798$1,396,911$11,390,966
68$14,983,285$2,680,693$1,356,302$12,419,237
69$16,421,421$2,721,888$1,311,579$13,549,181
70$18,003,406$2,762,262$1,262,518$14,791,108
71$19,743,825$2,801,684$1,208,884$16,156,378
72$21,658,745$2,840,016$1,150,431$17,657,512
73$23,765,870$2,877,110$1,086,904$19,308,308
74$26,084,707$2,912,806$1,018,033$21,123,969
75$28,636,748$2,946,935$943,538$23,121,251
76$31,445,677$2,979,315$863,127$25,318,618
77$34,537,588$3,009,753$776,493$27,736,420
78$37,941,233$3,038,043$683,318$30,397,079
79$41,688,297$3,063,965$583,267$33,325,309
80$45,813,688$3,087,284$475,991$36,548,341
81$50,355,875$3,107,751$361,127$40,096,189
82$55,357,244$3,125,101$238,295$44,001,926
83$60,864,502$3,139,050$107,097$48,302,001
84$66,929,116$3,149,299$0$53,036,580
85$73,607,799$3,155,527$0$58,253,092
86$80,963,043$3,157,396$0$64,008,337
87$89,063,710$3,154,545$0$70,345,826
88$97,985,682$3,146,591$0$77,324,847
89$107,812,575$3,133,128$0$85,010,741
90$118,636,530$3,113,724$0$93,475,508
91$130,559,082$3,087,922$0$102,798,495
92$143,692,115$3,055,238$0$113,067,142
93$158,158,922$3,015,155$0$124,377,807
94$174,095,365$2,967,131$0$136,836,676
95$191,651,158$2,910,586$0$150,560,769
96$210,991,281$2,844,910$0$165,679,040
97$232,297,536$2,769,454$0$182,333,598
98$255,770,260$2,683,533$0$200,681,048
99$281,630,222$2,586,421$0$220,893,971
100$310,120,698$2,477,350$0$243,162,550