Can I retire at age 42 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$125,520$124,402$123,311$122,247$121,207$118,373
2 years$62,139$60,981$59,860$58,772$57,718$54,879
3 years$41,014$39,852$38,733$37,656$36,618$33,863
4 years$30,454$29,295$28,188$27,129$26,117$23,466
5 years$24,120$22,968$21,875$20,838$19,853$17,315
6 years$19,898$18,755$17,678$16,664$15,709$13,286
7 years$16,884$15,751$14,691$13,700$12,776$10,468
8 years$14,624$13,501$12,459$11,493$10,599$8,405
9 years$12,868$11,755$10,731$9,789$8,926$6,844
10 years$11,463$10,362$9,355$8,439$7,605$5,634
11 years$10,315$9,224$8,236$7,344$6,541$4,677
12 years$9,359$8,279$7,310$6,442$5,668$3,909
13 years$8,550$7,482$6,531$5,687$4,943$3,285
14 years$7,858$6,801$5,868$5,048$4,333$2,773
15 years$7,258$6,213$5,298$4,502$3,815$2,349
16 years$6,734$5,700$4,803$4,031$3,372$1,996
17 years$6,272$5,250$4,371$3,622$2,989$1,700
18 years$5,862$4,851$3,990$3,264$2,658$1,451
19 years$5,495$4,496$3,653$2,950$2,369$1,241
20 years$5,166$4,178$3,352$2,671$2,116$1,063
21 years$4,868$3,891$3,083$2,424$1,894$912
22 years$4,598$3,632$2,842$2,204$1,698$783
23 years$4,352$3,397$2,624$2,008$1,524$673
24 years$4,126$3,183$2,427$1,831$1,370$579
25 years$3,919$2,987$2,248$1,672$1,232$498
26 years$3,728$2,807$2,084$1,529$1,110$429
27 years$3,551$2,642$1,936$1,399$1,001$370
28 years$3,388$2,490$1,799$1,282$903$319
29 years$3,236$2,349$1,675$1,176$815$275
30 years$3,094$2,218$1,560$1,079$737$237
31 years$2,962$2,097$1,454$991$666$204
32 years$2,838$1,984$1,357$911$603$176
33 years$2,722$1,879$1,267$838$545$152
34 years$2,613$1,781$1,184$771$494$131
35 years$2,511$1,689$1,107$709$447$114
36 years$2,414$1,603$1,035$653$405$98
37 years$2,323$1,523$969$602$367$85
38 years$2,237$1,447$907$555$333$73
39 years$2,155$1,376$850$512$302$63
40 years$2,078$1,309$797$472$274$55
41 years$2,005$1,246$747$435$248$47
42 years$1,935$1,187$701$402$225$41
43 years$1,869$1,131$658$371$205$35
44 years$1,806$1,078$617$342$186$30
45 years$1,746$1,028$580$316$169$26
46 years$1,689$981$544$292$153$23
47 years$1,634$936$511$270$139$20
48 years$1,582$893$481$249$126$17
49 years$1,532$853$452$231$115$15
50 years$1,484$815$425$213$104$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,520,000, adding $5,238 every year, while hoping to spend $20,484 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: 56/27/17 Blend
41$1,520,000$1,520,000$1,520,000$1,520,000
42$1,680,443$1,599,883$1,576,323$1,766,711
43$1,830,053$1,656,482$1,607,335$1,882,586
44$1,994,237$1,715,169$1,638,699$2,006,092
45$2,174,460$1,776,022$1,670,406$2,140,171
46$2,372,335$1,839,128$1,702,445$2,285,842
47$2,589,640$1,904,571$1,734,803$2,444,223
48$2,828,332$1,972,445$1,767,469$2,616,547
49$3,090,570$2,042,842$1,800,426$2,804,169
50$3,378,729$2,115,862$1,833,661$3,008,581
51$3,695,427$2,191,607$1,867,157$3,231,425
52$4,043,548$2,270,184$1,900,894$3,474,507
53$4,426,270$2,351,703$1,934,854$3,739,817
54$4,847,094$2,436,280$1,969,016$4,029,544
55$5,309,876$2,524,036$2,003,357$4,346,098
56$5,818,865$2,615,096$2,037,851$4,692,133
57$6,378,745$2,709,591$2,072,474$5,070,570
58$6,994,672$2,807,656$2,107,197$5,484,627
59$7,672,330$2,909,433$2,141,990$5,937,846
60$8,417,982$3,015,069$2,176,821$6,434,127
61$9,238,527$3,124,719$2,211,655$6,977,767
62$10,141,568$3,238,541$2,246,457$7,573,495
63$11,135,481$3,356,703$2,281,187$8,226,522
64$12,229,497$3,479,379$2,315,804$8,942,586
65$13,433,786$3,606,749$2,350,263$9,728,006
66$14,759,554$3,739,001$2,384,519$10,589,744
67$16,219,150$3,876,333$2,418,521$11,535,467
68$17,826,179$4,018,949$2,452,218$12,573,620
69$19,595,634$4,167,063$2,485,552$13,713,506
70$21,544,036$4,320,896$2,518,465$14,965,374
71$23,689,589$4,480,681$2,550,895$16,340,512
72$26,052,352$4,646,660$2,582,775$17,851,356
73$28,654,430$4,819,084$2,614,036$19,511,606
74$31,520,179$4,998,216$2,644,603$21,336,355
75$34,676,438$5,184,329$2,674,398$23,342,231
76$38,152,784$5,377,710$2,703,339$25,547,550
77$41,981,806$5,578,657$2,731,340$27,972,495
78$46,199,418$5,787,479$2,758,307$30,639,301
79$50,845,194$6,004,500$2,784,146$33,572,463
80$55,962,742$6,230,059$2,808,753$36,798,972
81$61,600,117$6,464,507$2,832,022$40,348,564
82$67,810,273$6,708,213$2,853,839$44,254,004
83$74,651,564$6,961,558$2,874,086$48,551,388
84$82,188,293$7,224,944$2,892,637$53,280,493
85$90,491,320$7,498,787$2,909,361$58,485,142
86$99,638,730$7,783,523$2,924,120$64,213,623
87$109,716,571$8,079,606$2,936,768$70,519,140
88$120,819,664$8,387,509$2,947,153$77,460,317
89$133,052,500$8,707,728$2,955,113$85,101,750
90$146,530,227$9,040,779$2,960,481$93,514,615
91$161,379,732$9,387,199$2,963,080$102,777,339
92$177,740,845$9,747,552$2,962,723$112,976,341
93$195,767,654$10,122,424$2,959,217$124,206,843
94$215,629,960$10,512,429$2,952,356$136,573,770
95$237,514,882$10,918,204$2,941,926$150,192,743
96$261,628,623$11,340,419$2,927,703$165,191,161
97$288,198,412$11,779,769$2,909,451$181,709,410
98$317,474,656$12,236,983$2,886,923$199,902,183
99$349,733,297$12,712,821$2,859,861$219,939,940
100$385,278,420$13,208,076$2,827,993$242,010,515