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

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$125,520$124,402$123,311$122,247$121,207$118,711
2 years$62,139$60,981$59,860$58,772$57,718$55,214
3 years$41,014$39,852$38,733$37,656$36,618$34,186
4 years$30,454$29,295$28,188$27,129$26,117$23,774
5 years$24,120$22,968$21,875$20,838$19,853$17,607
6 years$19,898$18,755$17,678$16,664$15,709$13,561
7 years$16,884$15,751$14,691$13,700$12,776$10,727
8 years$14,624$13,501$12,459$11,493$10,599$8,648
9 years$12,868$11,755$10,731$9,789$8,926$7,072
10 years$11,463$10,362$9,355$8,439$7,605$5,847
11 years$10,315$9,224$8,236$7,344$6,541$4,875
12 years$9,359$8,279$7,310$6,442$5,668$4,093
13 years$8,550$7,482$6,531$5,687$4,943$3,456
14 years$7,858$6,801$5,868$5,048$4,333$2,931
15 years$7,258$6,213$5,298$4,502$3,815$2,495
16 years$6,734$5,700$4,803$4,031$3,372$2,131
17 years$6,272$5,250$4,371$3,622$2,989$1,824
18 years$5,862$4,851$3,990$3,264$2,658$1,565
19 years$5,495$4,496$3,653$2,950$2,369$1,346
20 years$5,166$4,178$3,352$2,671$2,116$1,159
21 years$4,868$3,891$3,083$2,424$1,894$999
22 years$4,598$3,632$2,842$2,204$1,698$863
23 years$4,352$3,397$2,624$2,008$1,524$745
24 years$4,126$3,183$2,427$1,831$1,370$645
25 years$3,919$2,987$2,248$1,672$1,232$558
26 years$3,728$2,807$2,084$1,529$1,110$483
27 years$3,551$2,642$1,936$1,399$1,001$419
28 years$3,388$2,490$1,799$1,282$903$363
29 years$3,236$2,349$1,675$1,176$815$315
30 years$3,094$2,218$1,560$1,079$737$273
31 years$2,962$2,097$1,454$991$666$237
32 years$2,838$1,984$1,357$911$603$206
33 years$2,722$1,879$1,267$838$545$179
34 years$2,613$1,781$1,184$771$494$155
35 years$2,511$1,689$1,107$709$447$135
36 years$2,414$1,603$1,035$653$405$117
37 years$2,323$1,523$969$602$367$102
38 years$2,237$1,447$907$555$333$88
39 years$2,155$1,376$850$512$302$77
40 years$2,078$1,309$797$472$274$67
41 years$2,005$1,246$747$435$248$58
42 years$1,935$1,187$701$402$225$50
43 years$1,869$1,131$658$371$205$44
44 years$1,806$1,078$617$342$186$38
45 years$1,746$1,028$580$316$169$33
46 years$1,689$981$544$292$153$29
47 years$1,634$936$511$270$139$25
48 years$1,582$893$481$249$126$22
49 years$1,532$853$452$231$115$19
50 years$1,484$815$425$213$104$16

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 $2,694 every year, while hoping to spend $45,958 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: 38/37/25 Blend
41$1,520,000$1,520,000$1,520,000$1,520,000
42$1,677,819$1,597,259$1,573,699$1,728,971
43$1,800,057$1,626,626$1,577,519$1,795,917
44$1,933,224$1,655,891$1,579,926$1,863,763
45$2,078,385$1,685,002$1,580,826$1,936,186
46$2,236,713$1,713,900$1,580,117$2,013,627
47$2,409,500$1,742,523$1,577,693$2,096,577
48$2,598,168$1,770,806$1,573,444$2,185,577
49$2,804,281$1,798,675$1,567,255$2,281,224
50$3,029,563$1,826,055$1,559,003$2,384,179
51$3,275,909$1,852,862$1,548,560$2,495,170
52$3,545,408$1,879,009$1,535,794$2,615,005
53$3,840,361$1,904,402$1,520,563$2,744,572
54$4,163,297$1,928,937$1,502,722$2,884,856
55$4,517,007$1,952,509$1,482,117$3,036,942
56$4,904,561$1,975,001$1,458,587$3,202,029
57$5,329,340$1,996,289$1,431,963$3,381,444
58$5,795,068$2,016,243$1,402,070$3,576,649
59$6,305,848$2,034,722$1,368,722$3,789,259
60$6,866,198$2,051,577$1,331,727$4,021,059
61$7,481,093$2,066,647$1,290,883$4,274,020
62$8,156,016$2,079,764$1,245,979$4,550,315
63$8,897,005$2,090,748$1,196,795$4,852,348
64$9,710,710$2,099,405$1,143,098$5,182,768
65$10,604,459$2,105,532$1,084,648$5,544,503
66$11,586,322$2,108,912$1,021,192$5,940,784
67$12,665,193$2,109,314$952,468$6,375,176
68$13,850,865$2,106,494$878,199$6,851,616
69$15,154,132$2,100,190$798,097$7,374,447
70$16,586,882$2,090,128$711,861$7,948,464
71$18,162,214$2,076,014$619,179$8,578,958
72$19,894,559$2,057,538$519,720$9,271,765
73$21,799,817$2,034,370$413,144$10,033,329
74$23,895,505$2,006,162$299,092$10,870,758
75$26,200,925$1,972,542$177,190$11,791,894
76$28,737,343$1,933,120$47,049$12,805,389
77$31,528,189$1,887,480$0$13,920,790
78$34,599,279$1,835,181$0$15,173,124
79$37,979,060$1,775,760$0$16,564,497
80$41,698,875$1,708,722$0$18,095,279
81$45,793,257$1,633,547$0$19,779,728
82$50,300,262$1,549,683$0$21,633,564
83$55,261,818$1,456,547$0$23,674,119
84$60,724,126$1,353,521$0$25,920,500
85$66,738,097$1,239,954$0$28,393,770
86$73,359,826$1,115,155$0$31,117,153
87$80,651,127$978,395$0$34,116,249
88$88,680,111$828,906$0$37,419,281
89$97,521,832$665,872$0$41,057,361
90$107,258,994$488,435$0$45,064,787
91$117,982,730$295,687$0$49,479,369
92$129,793,461$86,668$0$54,342,787
93$142,801,846$0$0$59,700,984
94$157,129,824$0$0$65,661,460
95$172,911,765$0$0$72,265,952
96$190,295,737$0$0$79,541,173
97$209,444,903$0$0$87,555,445
98$230,539,063$0$0$96,384,057
99$253,776,347$0$0$106,109,973
100$279,375,087$0$0$116,824,616