Can I retire at age 42 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$126,346$125,221$124,123$123,051$122,004$120,430
2 years$62,548$61,383$60,254$59,159$58,097$56,513
3 years$41,284$40,114$38,988$37,904$36,859$35,315
4 years$30,655$29,488$28,373$27,308$26,288$24,796
5 years$24,278$23,119$22,019$20,975$19,984$18,547
6 years$20,029$18,878$17,795$16,774$15,813$14,434
7 years$16,995$15,854$14,787$13,791$12,860$11,539
8 years$14,721$13,590$12,541$11,569$10,669$9,406
9 years$12,952$11,832$10,801$9,854$8,984$7,779
10 years$11,539$10,430$9,417$8,494$7,655$6,506
11 years$10,383$9,285$8,291$7,392$6,584$5,491
12 years$9,420$8,334$7,358$6,484$5,705$4,666
13 years$8,606$7,531$6,574$5,725$4,975$3,989
14 years$7,910$6,846$5,906$5,082$4,361$3,427
15 years$7,306$6,254$5,333$4,532$3,840$2,956
16 years$6,778$5,738$4,835$4,058$3,394$2,558
17 years$6,313$5,284$4,399$3,646$3,009$2,220
18 years$5,901$4,883$4,016$3,286$2,676$1,931
19 years$5,532$4,525$3,677$2,969$2,385$1,684
20 years$5,200$4,205$3,374$2,689$2,130$1,470
21 years$4,900$3,917$3,104$2,440$1,906$1,286
22 years$4,628$3,656$2,860$2,219$1,709$1,127
23 years$4,380$3,420$2,641$2,021$1,534$988
24 years$4,153$3,204$2,443$1,843$1,379$867
25 years$3,945$3,007$2,262$1,683$1,241$762
26 years$3,752$2,826$2,098$1,539$1,117$670
27 years$3,575$2,660$1,948$1,409$1,007$589
28 years$3,410$2,506$1,811$1,291$909$519
29 years$3,257$2,364$1,686$1,184$821$457
30 years$3,114$2,233$1,570$1,086$742$403
31 years$2,981$2,111$1,464$998$671$355
32 years$2,857$1,997$1,366$917$607$313
33 years$2,740$1,891$1,275$843$549$276
34 years$2,630$1,793$1,191$776$497$244
35 years$2,527$1,700$1,114$714$450$215
36 years$2,430$1,614$1,042$658$408$190
37 years$2,338$1,533$975$606$370$168
38 years$2,252$1,457$913$559$335$148
39 years$2,170$1,385$856$515$304$131
40 years$2,092$1,318$802$475$276$116
41 years$2,018$1,254$752$438$250$102
42 years$1,948$1,195$705$404$227$90
43 years$1,881$1,138$662$373$206$80
44 years$1,818$1,085$621$345$187$70
45 years$1,757$1,035$583$318$170$62
46 years$1,700$987$548$294$154$55
47 years$1,645$942$515$272$140$49
48 years$1,592$899$484$251$127$43
49 years$1,542$859$455$232$115$38
50 years$1,494$820$428$214$105$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,530,000, adding $4,849 every year, while hoping to spend $41,517 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: 71/13/16 Blend
41$1,530,000$1,530,000$1,530,000$1,530,000
42$1,691,062$1,609,972$1,586,257$1,804,555
43$1,819,376$1,644,687$1,595,223$1,915,306
44$1,959,387$1,679,711$1,603,097$2,031,049
45$2,112,244$1,715,016$1,609,801$2,156,691
46$2,279,212$1,750,571$1,615,248$2,293,204
47$2,461,684$1,786,341$1,619,350$2,441,658
48$2,661,192$1,822,288$1,622,015$2,603,232
49$2,879,425$1,858,372$1,623,144$2,779,227
50$3,118,242$1,894,548$1,622,635$2,971,072
51$3,379,690$1,930,767$1,620,380$3,180,345
52$3,666,021$1,966,978$1,616,266$3,408,785
53$3,979,719$2,003,124$1,610,175$3,658,305
54$4,323,517$2,039,144$1,601,983$3,931,017
55$4,700,425$2,074,971$1,591,558$4,229,244
56$5,113,759$2,110,535$1,578,766$4,555,549
57$5,567,170$2,145,759$1,563,462$4,912,755
58$6,064,682$2,180,561$1,545,498$5,303,974
59$6,610,723$2,214,853$1,524,717$5,732,634
60$7,210,176$2,248,539$1,500,953$6,202,515
61$7,868,415$2,281,519$1,474,037$6,717,779
62$8,591,363$2,313,683$1,443,786$7,283,016
63$9,385,543$2,344,914$1,410,014$7,903,284
64$10,258,142$2,375,089$1,372,523$8,584,156
65$11,217,077$2,404,073$1,331,108$9,331,775
66$12,271,071$2,431,724$1,285,552$10,152,910
67$13,429,732$2,457,891$1,235,630$11,055,022
68$14,703,648$2,482,411$1,181,106$12,046,334
69$16,104,482$2,505,111$1,121,735$13,135,907
70$17,645,084$2,525,806$1,057,258$14,333,727
71$19,339,613$2,544,301$987,407$15,650,803
72$21,203,668$2,560,386$911,900$17,099,263
73$23,254,436$2,573,839$830,442$18,692,478
74$25,510,855$2,584,423$742,728$20,445,180
75$27,993,788$2,591,886$648,436$22,373,609
76$30,726,227$2,595,961$547,231$24,495,660
77$33,733,503$2,596,363$438,763$26,831,057
78$37,043,526$2,592,791$322,668$29,401,537
79$40,687,052$2,584,924$198,563$32,231,057
80$44,697,967$2,572,422$66,051$35,346,018
81$49,113,613$2,554,923$0$38,775,518
82$53,975,132$2,532,045$0$42,564,493
83$59,327,862$2,503,382$0$46,748,289
84$65,221,760$2,468,503$0$51,354,645
85$71,711,872$2,426,953$0$56,426,569
86$78,858,857$2,378,248$0$62,011,456
87$86,729,554$2,321,875$0$68,161,530
88$95,397,616$2,257,295$0$74,934,346
89$104,944,202$2,183,931$0$82,393,325
90$115,458,745$2,101,178$0$90,608,358
91$127,039,793$2,008,392$0$99,656,463
92$139,795,942$1,904,894$0$109,622,515
93$153,846,859$1,789,964$0$120,600,043
94$169,324,408$1,662,842$0$132,692,119
95$186,373,901$1,522,724$0$146,012,325
96$205,155,461$1,368,759$0$160,685,831
97$225,845,540$1,200,051$0$176,850,571
98$248,638,580$1,015,649$0$194,658,551
99$273,748,850$814,549$0$214,277,282
100$301,412,464$595,694$0$235,891,361