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%14.9%
1 years$124,694$123,584$122,500$121,442$120,410$117,978
2 years$61,730$60,580$59,466$58,386$57,338$54,899
3 years$40,744$39,590$38,478$37,408$36,377$34,007
4 years$30,254$29,103$28,002$26,951$25,945$23,661
5 years$23,961$22,817$21,731$20,701$19,723$17,533
6 years$19,767$18,632$17,562$16,554$15,606$13,512
7 years$16,773$15,647$14,594$13,610$12,692$10,694
8 years$14,528$13,412$12,377$11,417$10,529$8,626
9 years$12,783$11,678$10,660$9,725$8,867$7,059
10 years$11,388$10,293$9,294$8,383$7,555$5,839
11 years$10,247$9,164$8,182$7,296$6,498$4,872
12 years$9,297$8,225$7,261$6,399$5,631$4,093
13 years$8,494$7,433$6,488$5,650$4,910$3,458
14 years$7,806$6,756$5,829$5,015$4,304$2,935
15 years$7,211$6,172$5,263$4,473$3,790$2,500
16 years$6,690$5,663$4,772$4,005$3,349$2,136
17 years$6,231$5,215$4,342$3,598$2,970$1,830
18 years$5,823$4,819$3,964$3,243$2,641$1,572
19 years$5,459$4,466$3,629$2,930$2,354$1,352
20 years$5,132$4,150$3,330$2,654$2,102$1,165
21 years$4,836$3,866$3,063$2,408$1,881$1,006
22 years$4,568$3,608$2,823$2,190$1,686$869
23 years$4,323$3,375$2,607$1,994$1,514$751
24 years$4,099$3,162$2,411$1,819$1,361$650
25 years$3,893$2,967$2,233$1,661$1,224$563
26 years$3,703$2,789$2,071$1,519$1,103$488
27 years$3,528$2,625$1,923$1,390$994$423
28 years$3,365$2,473$1,788$1,274$897$367
29 years$3,214$2,333$1,664$1,168$810$319
30 years$3,074$2,204$1,549$1,072$732$277
31 years$2,942$2,083$1,445$985$662$240
32 years$2,819$1,971$1,348$905$599$209
33 years$2,704$1,867$1,258$832$542$182
34 years$2,596$1,769$1,176$766$491$158
35 years$2,494$1,678$1,099$705$444$137
36 years$2,398$1,593$1,028$649$403$119
37 years$2,308$1,513$963$598$365$104
38 years$2,222$1,438$901$551$331$90
39 years$2,141$1,367$844$508$300$78
40 years$2,064$1,301$792$469$272$68
41 years$1,992$1,238$742$433$247$59
42 years$1,922$1,179$696$399$224$52
43 years$1,857$1,123$653$368$203$45
44 years$1,794$1,071$613$340$184$39
45 years$1,734$1,021$576$314$167$34
46 years$1,678$974$541$290$152$30
47 years$1,623$930$508$268$138$26
48 years$1,571$887$477$248$125$22
49 years$1,522$847$449$229$114$19
50 years$1,474$809$422$212$103$17

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 $4,749 every year, while hoping to spend $57,552 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: 67/22/11 Blend
41$1,510,000$1,510,000$1,510,000$1,510,000
42$1,668,919$1,588,889$1,565,484$1,776,479
43$1,777,913$1,605,509$1,556,692$1,865,267
44$1,896,097$1,621,015$1,545,678$1,955,013
45$2,024,345$1,635,292$1,532,305$2,051,643
46$2,163,623$1,648,215$1,516,431$2,155,825
47$2,314,989$1,659,655$1,497,909$2,268,295
48$2,479,612$1,669,472$1,476,582$2,389,864
49$2,658,773$1,677,517$1,452,289$2,521,427
50$2,853,886$1,683,633$1,424,858$2,663,972
51$3,066,504$1,687,652$1,394,112$2,818,587
52$3,298,336$1,689,396$1,359,864$2,986,472
53$3,551,265$1,688,676$1,321,918$3,168,950
54$3,827,363$1,685,290$1,280,072$3,367,484
55$4,128,910$1,679,024$1,234,110$3,583,681
56$4,458,416$1,669,654$1,183,809$3,819,319
57$4,818,645$1,656,937$1,128,937$4,076,357
58$5,212,639$1,640,620$1,069,249$4,356,954
59$5,643,749$1,620,431$1,004,490$4,663,493
60$6,115,665$1,596,085$934,394$4,998,602
61$6,632,447$1,567,278$858,681$5,365,178
62$7,198,571$1,533,689$777,061$5,766,418
63$7,818,962$1,494,976$689,229$6,205,846
64$8,499,046$1,450,780$594,868$6,687,350
65$9,244,799$1,400,719$493,647$7,215,215
66$10,062,803$1,344,388$385,218$7,794,169
67$10,960,307$1,281,361$269,220$8,429,425
68$11,945,295$1,211,185$145,277$9,126,732
69$13,026,564$1,133,382$12,993$9,892,429
70$14,213,803$1,047,447$0$10,733,507
71$15,517,683$952,844$0$11,672,717
72$16,949,962$849,009$0$12,706,121
73$18,523,593$735,345$0$13,841,618
74$20,252,843$611,220$0$15,089,596
75$22,153,431$475,968$0$16,461,507
76$24,242,675$328,885$0$17,969,975
77$26,539,655$169,227$0$19,628,915
78$29,065,390$0$0$21,453,666
79$31,843,038$0$0$23,462,053
80$34,898,115$0$0$25,716,197
81$38,258,734$0$0$28,195,886
82$41,955,867$0$0$30,923,987
83$46,023,643$0$0$33,925,697
84$50,499,662$0$0$37,228,776
85$55,425,356$0$0$40,863,813
86$60,846,374$0$0$44,864,511
87$66,813,017$0$0$49,268,006
88$73,380,707$0$0$54,115,219
89$80,610,514$0$0$59,451,237
90$88,569,728$0$0$65,325,741
91$97,332,495$0$0$71,793,474
92$106,980,517$0$0$78,914,758
93$117,603,820$0$0$86,756,061
94$129,301,606$0$0$95,390,625
95$142,183,186$0$0$104,899,156
96$156,369,010$0$0$115,370,585
97$171,991,808$0$0$126,902,910
98$189,197,835$0$0$139,604,114
99$208,148,257$0$0$153,593,190
100$229,020,668$0$0$169,001,260