Can I retire at age 42 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$127,172$126,039$124,934$123,855$122,802$118,116
2 years$62,956$61,784$60,647$59,546$58,477$53,811
3 years$41,554$40,376$39,243$38,152$37,100$32,602
4 years$30,855$29,681$28,559$27,486$26,460$22,163
5 years$24,437$23,270$22,163$21,112$20,115$16,029
6 years$20,160$19,002$17,911$16,883$15,916$12,046
7 years$17,106$15,958$14,884$13,881$12,944$9,287
8 years$14,817$13,679$12,623$11,644$10,738$7,292
9 years$13,037$11,910$10,872$9,918$9,043$5,802
10 years$11,614$10,498$9,478$8,550$7,705$4,664
11 years$10,451$9,346$8,345$7,441$6,627$3,778
12 years$9,482$8,388$7,406$6,527$5,743$3,079
13 years$8,663$7,580$6,617$5,762$5,008$2,522
14 years$7,961$6,890$5,945$5,115$4,390$2,073
15 years$7,354$6,295$5,368$4,562$3,865$1,710
16 years$6,823$5,775$4,866$4,084$3,416$1,414
17 years$6,355$5,319$4,428$3,670$3,029$1,171
18 years$5,939$4,915$4,042$3,307$2,693$972
19 years$5,568$4,555$3,701$2,988$2,400$808
20 years$5,234$4,233$3,396$2,707$2,144$672
21 years$4,932$3,943$3,124$2,456$1,919$560
22 years$4,658$3,680$2,879$2,233$1,720$467
23 years$4,409$3,442$2,658$2,034$1,544$389
24 years$4,180$3,225$2,459$1,855$1,388$325
25 years$3,970$3,026$2,277$1,694$1,249$271
26 years$3,777$2,844$2,112$1,549$1,125$226
27 years$3,598$2,677$1,961$1,418$1,014$189
28 years$3,432$2,522$1,823$1,299$915$158
29 years$3,278$2,380$1,697$1,191$826$132
30 years$3,135$2,247$1,580$1,093$747$111
31 years$3,001$2,124$1,473$1,004$675$92
32 years$2,875$2,010$1,375$923$611$77
33 years$2,758$1,904$1,283$849$553$65
34 years$2,648$1,804$1,199$781$500$54
35 years$2,544$1,711$1,121$719$453$45
36 years$2,446$1,624$1,049$662$411$38
37 years$2,354$1,543$982$610$372$32
38 years$2,266$1,466$919$562$337$26
39 years$2,184$1,394$861$518$306$22
40 years$2,105$1,326$807$478$277$19
41 years$2,031$1,263$757$441$252$16
42 years$1,961$1,202$710$407$228$13
43 years$1,894$1,146$666$376$207$11
44 years$1,830$1,092$625$347$188$9
45 years$1,769$1,041$587$320$171$8
46 years$1,711$993$552$296$155$6
47 years$1,656$948$518$273$141$5
48 years$1,603$905$487$253$128$4
49 years$1,552$864$458$234$116$4
50 years$1,504$826$430$216$106$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,540,000, adding $4,162 every year, while hoping to spend $27,506 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: 67/11/22 Blend
41$1,540,000$1,540,000$1,540,000$1,540,000
42$1,701,373$1,619,753$1,595,883$1,805,603
43$1,845,647$1,669,855$1,620,079$1,926,130
44$2,003,715$1,721,490$1,644,164$2,054,347
45$2,176,955$1,774,704$1,668,104$2,193,918
46$2,366,884$1,829,544$1,691,866$2,345,961
47$2,575,175$1,886,060$1,715,412$2,511,707
48$2,803,668$1,944,302$1,738,703$2,692,513
49$3,054,390$2,004,321$1,761,697$2,889,873
50$3,329,575$2,066,171$1,784,352$3,105,431
51$3,631,684$2,129,905$1,806,620$3,341,001
52$3,963,427$2,195,581$1,828,453$3,598,578
53$4,327,789$2,263,257$1,849,798$3,880,362
54$4,728,058$2,332,992$1,870,601$4,188,776
55$5,167,859$2,404,847$1,890,805$4,526,488
56$5,651,181$2,478,885$1,910,348$4,896,439
57$6,182,423$2,555,172$1,929,166$5,301,870
58$6,766,428$2,633,773$1,947,191$5,746,348
59$7,408,534$2,714,758$1,964,352$6,233,806
60$8,114,620$2,798,197$1,980,573$6,768,577
61$8,891,165$2,884,163$1,995,776$7,355,434
62$9,745,307$2,972,729$2,009,878$7,999,637
63$10,684,909$3,063,974$2,022,790$8,706,983
64$11,718,636$3,157,976$2,034,420$9,483,855
65$12,856,036$3,254,815$2,044,671$10,337,291
66$14,107,626$3,354,576$2,053,443$11,275,044
67$15,484,998$3,457,343$2,060,626$12,305,657
68$17,000,920$3,563,206$2,066,110$13,438,543
69$18,669,465$3,672,254$2,069,776$14,684,075
70$20,506,137$3,784,581$2,071,500$16,053,684
71$22,528,019$3,900,281$2,071,151$17,559,965
72$24,753,936$4,019,455$2,068,594$19,216,797
73$27,204,631$4,142,201$2,063,685$21,039,474
74$29,902,959$4,268,625$2,056,275$23,044,851
75$32,874,106$4,398,832$2,046,205$25,251,498
76$36,145,822$4,532,933$2,033,310$27,679,880
77$39,748,689$4,671,039$2,017,418$30,352,551
78$43,716,401$4,813,265$1,998,348$33,294,362
79$48,086,090$4,959,732$1,975,909$36,532,698
80$52,898,672$5,110,559$1,949,902$40,097,739
81$58,199,233$5,265,873$1,920,120$44,022,741
82$64,037,455$5,425,802$1,886,345$48,344,352
83$70,468,086$5,590,476$1,848,348$53,102,957
84$77,551,454$5,760,033$1,805,891$58,343,061
85$85,354,037$5,934,610$1,758,724$64,113,707
86$93,949,093$6,114,349$1,706,585$70,468,941
87$103,417,346$6,299,398$1,649,201$77,468,320
88$113,847,752$6,489,905$1,586,286$85,177,477
89$125,338,338$6,686,026$1,517,541$93,668,737
90$137,997,124$6,887,917$1,442,655$103,021,806
91$151,943,146$7,095,740$1,361,299$113,324,516
92$167,307,577$7,309,661$1,273,132$124,673,659
93$184,234,966$7,529,851$1,177,799$137,175,901
94$202,884,603$7,756,483$1,074,925$150,948,787
95$223,432,019$7,989,738$964,121$166,121,851
96$246,070,646$8,229,797$844,981$182,837,842
97$271,013,644$8,476,848$717,080$201,254,068
98$298,495,907$8,731,085$579,973$221,543,884
99$328,776,285$8,992,703$433,197$243,898,325
100$362,140,026$9,261,906$276,270$268,527,917