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%15.2%
1 years$125,520$124,402$123,311$122,247$121,207$118,614
2 years$62,139$60,981$59,860$58,772$57,718$55,118
3 years$41,014$39,852$38,733$37,656$36,618$34,093
4 years$30,454$29,295$28,188$27,129$26,117$23,685
5 years$24,120$22,968$21,875$20,838$19,853$17,523
6 years$19,898$18,755$17,678$16,664$15,709$13,482
7 years$16,884$15,751$14,691$13,700$12,776$10,652
8 years$14,624$13,501$12,459$11,493$10,599$8,578
9 years$12,868$11,755$10,731$9,789$8,926$7,006
10 years$11,463$10,362$9,355$8,439$7,605$5,785
11 years$10,315$9,224$8,236$7,344$6,541$4,818
12 years$9,359$8,279$7,310$6,442$5,668$4,040
13 years$8,550$7,482$6,531$5,687$4,943$3,406
14 years$7,858$6,801$5,868$5,048$4,333$2,885
15 years$7,258$6,213$5,298$4,502$3,815$2,452
16 years$6,734$5,700$4,803$4,031$3,372$2,091
17 years$6,272$5,250$4,371$3,622$2,989$1,788
18 years$5,862$4,851$3,990$3,264$2,658$1,532
19 years$5,495$4,496$3,653$2,950$2,369$1,315
20 years$5,166$4,178$3,352$2,671$2,116$1,131
21 years$4,868$3,891$3,083$2,424$1,894$973
22 years$4,598$3,632$2,842$2,204$1,698$839
23 years$4,352$3,397$2,624$2,008$1,524$724
24 years$4,126$3,183$2,427$1,831$1,370$625
25 years$3,919$2,987$2,248$1,672$1,232$540
26 years$3,728$2,807$2,084$1,529$1,110$467
27 years$3,551$2,642$1,936$1,399$1,001$404
28 years$3,388$2,490$1,799$1,282$903$350
29 years$3,236$2,349$1,675$1,176$815$303
30 years$3,094$2,218$1,560$1,079$737$262
31 years$2,962$2,097$1,454$991$666$227
32 years$2,838$1,984$1,357$911$603$197
33 years$2,722$1,879$1,267$838$545$171
34 years$2,613$1,781$1,184$771$494$148
35 years$2,511$1,689$1,107$709$447$128
36 years$2,414$1,603$1,035$653$405$111
37 years$2,323$1,523$969$602$367$97
38 years$2,237$1,447$907$555$333$84
39 years$2,155$1,376$850$512$302$73
40 years$2,078$1,309$797$472$274$63
41 years$2,005$1,246$747$435$248$55
42 years$1,935$1,187$701$402$225$47
43 years$1,869$1,131$658$371$205$41
44 years$1,806$1,078$617$342$186$36
45 years$1,746$1,028$580$316$169$31
46 years$1,689$981$544$292$153$27
47 years$1,634$936$511$270$139$23
48 years$1,582$893$481$249$126$20
49 years$1,532$853$452$231$115$18
50 years$1,484$815$425$213$104$15

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 $3,927 every year, while hoping to spend $57,833 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: 58/31/11 Blend
41$1,520,000$1,520,000$1,520,000$1,520,000
42$1,679,091$1,598,531$1,574,971$1,771,768
43$1,788,824$1,615,325$1,566,198$1,851,487
44$1,907,812$1,631,004$1,555,194$1,931,538
45$2,036,937$1,645,451$1,541,821$2,017,404
46$2,177,171$1,658,544$1,525,938$2,109,649
47$2,329,581$1,670,152$1,507,396$2,208,896
48$2,495,343$1,680,134$1,486,038$2,315,834
49$2,675,749$1,688,341$1,461,702$2,431,221
50$2,872,221$1,694,616$1,434,215$2,555,896
51$3,086,326$1,698,790$1,403,399$2,690,785
52$3,319,785$1,700,685$1,369,067$2,836,910
53$3,574,494$1,700,110$1,331,022$2,995,398
54$3,852,541$1,696,864$1,289,059$3,167,494
55$4,156,222$1,690,732$1,242,965$3,354,573
56$4,488,067$1,681,487$1,192,514$3,558,153
57$4,850,858$1,668,889$1,137,472$3,779,907
58$5,247,662$1,652,681$1,077,593$4,021,684
59$5,681,854$1,632,592$1,012,623$4,285,524
60$6,157,149$1,608,336$942,292$4,573,678
61$6,677,641$1,579,607$866,321$4,888,633
62$7,247,835$1,546,082$784,418$5,233,130
63$7,872,695$1,507,421$696,277$5,610,195
64$8,557,687$1,463,262$601,579$6,023,170
65$9,308,830$1,413,220$499,991$6,475,738
66$10,132,755$1,356,892$391,164$6,971,968
67$11,036,764$1,293,848$274,737$7,516,346
68$12,028,902$1,223,635$150,328$8,113,823
69$13,118,029$1,145,772$17,544$8,769,863
70$14,313,906$1,059,753$0$9,490,491
71$15,627,285$965,041$0$10,296,929
72$17,070,009$861,069$0$11,185,085
73$18,655,126$747,237$0$12,161,042
74$20,397,010$622,913$0$13,233,780
75$22,311,496$487,428$0$14,413,205
76$24,416,032$340,074$0$15,710,235
77$26,729,835$180,106$0$17,136,913
78$29,274,083$6,736$0$18,706,518
79$32,072,105$0$0$20,433,690
80$35,149,605$0$0$22,396,271
81$38,534,904$0$0$24,557,816
82$42,259,205$0$0$26,935,967
83$46,356,887$0$0$29,552,697
84$50,865,831$0$0$32,432,215
85$55,827,774$0$0$35,601,196
86$61,288,705$0$0$39,089,032
87$67,299,295$0$0$42,928,106
88$73,915,378$0$0$47,154,104
89$81,198,476$0$0$51,806,345
90$89,216,378$0$0$56,928,154
91$98,043,778$0$0$62,567,271
92$107,762,985$0$0$68,776,300
93$118,464,690$0$0$75,613,205
94$130,248,831$0$0$83,141,859
95$143,225,528$0$0$91,432,643
96$157,516,124$0$0$100,563,112
97$173,254,331$0$0$110,618,725
98$190,587,490$0$0$121,693,653
99$209,677,959$0$0$133,891,667
100$230,704,648$0$0$147,327,113