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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$124,694$123,584$122,500$121,442$120,410$117,690
2 years$61,730$60,580$59,466$58,386$57,338$54,612
3 years$40,744$39,590$38,478$37,408$36,377$33,731
4 years$30,254$29,103$28,002$26,951$25,945$23,398
5 years$23,961$22,817$21,731$20,701$19,723$17,283
6 years$19,767$18,632$17,562$16,554$15,606$13,276
7 years$16,773$15,647$14,594$13,610$12,692$10,472
8 years$14,528$13,412$12,377$11,417$10,529$8,418
9 years$12,783$11,678$10,660$9,725$8,867$6,863
10 years$11,388$10,293$9,294$8,383$7,555$5,657
11 years$10,247$9,164$8,182$7,296$6,498$4,702
12 years$9,297$8,225$7,261$6,399$5,631$3,935
13 years$8,494$7,433$6,488$5,650$4,910$3,311
14 years$7,806$6,756$5,829$5,015$4,304$2,798
15 years$7,211$6,172$5,263$4,473$3,790$2,374
16 years$6,690$5,663$4,772$4,005$3,349$2,020
17 years$6,231$5,215$4,342$3,598$2,970$1,723
18 years$5,823$4,819$3,964$3,243$2,641$1,473
19 years$5,459$4,466$3,629$2,930$2,354$1,262
20 years$5,132$4,150$3,330$2,654$2,102$1,083
21 years$4,836$3,866$3,063$2,408$1,881$930
22 years$4,568$3,608$2,823$2,190$1,686$800
23 years$4,323$3,375$2,607$1,994$1,514$688
24 years$4,099$3,162$2,411$1,819$1,361$593
25 years$3,893$2,967$2,233$1,661$1,224$511
26 years$3,703$2,789$2,071$1,519$1,103$441
27 years$3,528$2,625$1,923$1,390$994$380
28 years$3,365$2,473$1,788$1,274$897$328
29 years$3,214$2,333$1,664$1,168$810$284
30 years$3,074$2,204$1,549$1,072$732$245
31 years$2,942$2,083$1,445$985$662$212
32 years$2,819$1,971$1,348$905$599$183
33 years$2,704$1,867$1,258$832$542$158
34 years$2,596$1,769$1,176$766$491$137
35 years$2,494$1,678$1,099$705$444$118
36 years$2,398$1,593$1,028$649$403$102
37 years$2,308$1,513$963$598$365$89
38 years$2,222$1,438$901$551$331$77
39 years$2,141$1,367$844$508$300$66
40 years$2,064$1,301$792$469$272$57
41 years$1,992$1,238$742$433$247$50
42 years$1,922$1,179$696$399$224$43
43 years$1,857$1,123$653$368$203$37
44 years$1,794$1,071$613$340$184$32
45 years$1,734$1,021$576$314$167$28
46 years$1,678$974$541$290$152$24
47 years$1,623$930$508$268$138$21
48 years$1,571$887$477$248$125$18
49 years$1,522$847$449$229$114$16
50 years$1,474$809$422$212$103$14

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 $4,486 every year, while hoping to spend $31,508 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: 57/13/30 Blend
41$1,510,000$1,510,000$1,510,000$1,510,000
42$1,668,647$1,588,617$1,565,212$1,749,733
43$1,805,325$1,632,935$1,584,123$1,850,337
44$1,954,888$1,678,369$1,602,610$1,956,290
45$2,118,617$1,724,939$1,620,628$2,071,153
46$2,297,923$1,772,668$1,638,126$2,195,800
47$2,494,359$1,821,577$1,655,051$2,331,193
48$2,709,636$1,871,686$1,671,348$2,478,393
49$2,945,638$1,923,018$1,686,957$2,638,567
50$3,204,440$1,975,593$1,701,818$2,813,003
51$3,488,328$2,029,433$1,715,864$3,003,119
52$3,799,819$2,084,557$1,729,027$3,210,479
53$4,141,687$2,140,986$1,741,235$3,436,804
54$4,516,984$2,198,740$1,752,412$3,683,992
55$4,929,077$2,257,838$1,762,478$3,954,135
56$5,381,671$2,318,301$1,771,350$4,249,537
57$5,878,850$2,380,145$1,778,938$4,572,739
58$6,425,110$2,443,390$1,785,150$4,926,539
59$7,025,407$2,508,052$1,789,888$5,314,023
60$7,685,200$2,574,148$1,793,051$5,738,589
61$8,410,503$2,641,694$1,794,531$6,203,984
62$9,207,941$2,710,704$1,794,215$6,714,337
63$10,084,815$2,781,192$1,791,984$7,274,199
64$11,049,165$2,853,170$1,787,715$7,888,585
65$12,109,855$2,926,649$1,781,278$8,563,022
66$13,276,645$3,001,640$1,772,536$9,303,601
67$14,560,292$3,078,150$1,761,345$10,117,036
68$15,972,649$3,156,187$1,747,557$11,010,727
69$17,526,773$3,235,754$1,731,014$11,992,826
70$19,237,053$3,316,854$1,711,552$13,072,323
71$21,119,341$3,399,489$1,688,998$14,259,122
72$23,191,106$3,483,657$1,663,172$15,564,139
73$25,471,596$3,569,352$1,633,885$16,999,405
74$27,982,018$3,656,570$1,600,939$18,578,180
75$30,745,740$3,745,299$1,564,128$20,315,077
76$33,788,514$3,835,526$1,523,234$22,226,203
77$37,138,712$3,927,237$1,478,032$24,329,306
78$40,827,599$4,020,409$1,428,284$26,643,951
79$44,889,625$4,115,021$1,373,743$29,191,698
80$49,362,753$4,211,043$1,314,149$31,996,306
81$54,288,813$4,308,443$1,249,233$35,083,965
82$59,713,900$4,407,185$1,178,710$38,483,534
83$65,688,806$4,507,225$1,102,284$42,226,822
84$72,269,500$4,608,516$1,019,648$46,348,884
85$79,517,660$4,711,003$930,476$50,888,352
86$87,501,247$4,814,628$834,433$55,887,805
87$96,295,152$4,919,323$731,165$61,394,167
88$105,981,903$5,025,015$620,303$67,459,151
89$116,652,438$5,131,622$501,465$74,139,751
90$128,406,970$5,239,054$374,247$81,498,777
91$141,355,927$5,347,215$238,231$89,605,452
92$155,620,999$5,455,995$92,979$98,536,062
93$171,336,282$5,565,280$0$108,374,681
94$188,649,544$5,674,940$0$119,233,822
95$207,723,623$5,784,838$0$131,228,792
96$228,737,961$5,894,823$0$144,442,489
97$251,890,297$6,004,733$0$158,999,099
98$277,398,535$6,114,393$0$175,035,470
99$305,502,798$6,223,611$0$192,702,408
100$336,467,700$6,332,185$0$212,166,095