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%16.8%
1 years$126,346$125,221$124,123$123,051$122,004$118,622
2 years$62,548$61,383$60,254$59,159$58,097$54,715
3 years$41,284$40,114$38,988$37,904$36,859$33,583
4 years$30,655$29,488$28,373$27,308$26,288$23,143
5 years$24,278$23,119$22,019$20,975$19,984$16,978
6 years$20,029$18,878$17,795$16,774$15,813$12,949
7 years$16,995$15,854$14,787$13,791$12,860$10,139
8 years$14,721$13,590$12,541$11,569$10,669$8,089
9 years$12,952$11,832$10,801$9,854$8,984$6,543
10 years$11,539$10,430$9,417$8,494$7,655$5,350
11 years$10,383$9,285$8,291$7,392$6,584$4,410
12 years$9,420$8,334$7,358$6,484$5,705$3,659
13 years$8,606$7,531$6,574$5,725$4,975$3,052
14 years$7,910$6,846$5,906$5,082$4,361$2,557
15 years$7,306$6,254$5,333$4,532$3,840$2,149
16 years$6,778$5,738$4,835$4,058$3,394$1,812
17 years$6,313$5,284$4,399$3,646$3,009$1,531
18 years$5,901$4,883$4,016$3,286$2,676$1,297
19 years$5,532$4,525$3,677$2,969$2,385$1,100
20 years$5,200$4,205$3,374$2,689$2,130$934
21 years$4,900$3,917$3,104$2,440$1,906$795
22 years$4,628$3,656$2,860$2,219$1,709$676
23 years$4,380$3,420$2,641$2,021$1,534$576
24 years$4,153$3,204$2,443$1,843$1,379$491
25 years$3,945$3,007$2,262$1,683$1,241$419
26 years$3,752$2,826$2,098$1,539$1,117$358
27 years$3,575$2,660$1,948$1,409$1,007$306
28 years$3,410$2,506$1,811$1,291$909$261
29 years$3,257$2,364$1,686$1,184$821$223
30 years$3,114$2,233$1,570$1,086$742$191
31 years$2,981$2,111$1,464$998$671$163
32 years$2,857$1,997$1,366$917$607$139
33 years$2,740$1,891$1,275$843$549$119
34 years$2,630$1,793$1,191$776$497$102
35 years$2,527$1,700$1,114$714$450$87
36 years$2,430$1,614$1,042$658$408$75
37 years$2,338$1,533$975$606$370$64
38 years$2,252$1,457$913$559$335$55
39 years$2,170$1,385$856$515$304$47
40 years$2,092$1,318$802$475$276$40
41 years$2,018$1,254$752$438$250$34
42 years$1,948$1,195$705$404$227$29
43 years$1,881$1,138$662$373$206$25
44 years$1,818$1,085$621$345$187$22
45 years$1,757$1,035$583$318$170$18
46 years$1,700$987$548$294$154$16
47 years$1,645$942$515$272$140$13
48 years$1,592$899$484$251$127$12
49 years$1,542$859$455$232$115$10
50 years$1,494$820$428$214$105$8

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 $6,559 every year, while hoping to spend $45,930 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: 63/25/12 Blend
41$1,530,000$1,530,000$1,530,000$1,530,000
42$1,692,826$1,611,736$1,588,021$1,794,340
43$1,816,625$1,641,841$1,592,350$1,893,201
44$1,951,512$1,671,883$1,595,285$1,995,215
45$2,098,570$1,701,809$1,596,731$2,105,466
46$2,258,989$1,731,563$1,596,587$2,224,756
47$2,434,083$1,761,086$1,594,749$2,353,967
48$2,625,293$1,790,313$1,591,107$2,494,070
49$2,834,208$1,819,174$1,585,545$2,646,135
50$3,062,579$1,847,595$1,577,942$2,811,344
51$3,312,331$1,875,497$1,568,172$2,990,997
52$3,585,585$1,902,792$1,556,102$3,186,526
53$3,884,676$1,929,390$1,541,593$3,399,513
54$4,212,175$1,955,192$1,524,498$3,631,698
55$4,570,914$1,980,094$1,504,666$3,885,001
56$4,964,011$2,003,982$1,481,935$4,161,538
57$5,394,899$2,026,736$1,456,140$4,463,640
58$5,867,362$2,048,230$1,427,104$4,793,879
59$6,385,565$2,068,325$1,394,644$5,155,088
60$6,954,096$2,086,876$1,358,568$5,550,391
61$7,578,010$2,103,729$1,318,675$5,983,232
62$8,262,872$2,118,717$1,274,756$6,457,404
63$9,014,815$2,131,664$1,226,591$6,977,094
64$9,840,594$2,142,383$1,173,949$7,546,912
65$10,747,650$2,150,675$1,116,592$8,171,944
66$11,744,180$2,156,328$1,054,267$8,857,793
67$12,839,214$2,159,116$986,713$9,610,637
68$14,042,702$2,158,801$913,656$10,437,288
69$15,365,602$2,155,127$834,809$11,345,252
70$16,819,991$2,147,826$749,872$12,342,805
71$18,419,171$2,136,610$658,534$13,439,069
72$20,177,799$2,121,176$560,467$14,644,100
73$22,112,023$2,101,202$455,331$15,968,982
74$24,239,634$2,076,346$342,770$17,425,934
75$26,580,236$2,046,247$222,412$19,028,424
76$29,155,426$2,010,519$93,868$20,791,298
77$31,989,002$1,968,756$0$22,730,922
78$35,107,184$1,920,529$0$24,870,879
79$38,538,862$1,865,380$0$27,238,695
80$42,315,870$1,802,828$0$29,844,312
81$46,473,283$1,732,361$0$32,711,947
82$51,049,750$1,653,439$0$35,868,290
83$56,087,857$1,565,489$0$39,342,757
84$61,634,528$1,467,908$0$43,167,766
85$67,741,469$1,360,055$0$47,379,048
86$74,465,655$1,241,254$0$52,015,980
87$81,869,867$1,110,790$0$57,121,960
88$90,023,283$967,908$0$62,744,817
89$99,002,132$811,810$0$68,937,266
90$108,890,412$641,652$0$75,757,401
91$119,780,685$456,543$0$83,269,249
92$131,774,943$255,542$0$91,543,374
93$144,985,580$37,656$0$100,657,544
94$159,536,444$0$0$110,697,467
95$175,564,009$0$0$121,812,116
96$193,218,664$0$0$134,066,676
97$212,666,128$0$0$147,565,837
98$234,089,018$0$0$162,436,380
99$257,688,566$0$0$178,818,011
100$283,686,526$0$0$196,864,683