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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$127,172$126,039$124,934$123,855$122,802$118,586
2 years$62,956$61,784$60,647$59,546$58,477$54,273
3 years$41,554$40,376$39,243$38,152$37,100$33,040
4 years$30,855$29,681$28,559$27,486$26,460$22,574
5 years$24,437$23,270$22,163$21,112$20,115$16,413
6 years$20,160$19,002$17,911$16,883$15,916$12,402
7 years$17,106$15,958$14,884$13,881$12,944$9,617
8 years$14,817$13,679$12,623$11,644$10,738$7,596
9 years$13,037$11,910$10,872$9,918$9,043$6,081
10 years$11,614$10,498$9,478$8,550$7,705$4,919
11 years$10,451$9,346$8,345$7,441$6,627$4,011
12 years$9,482$8,388$7,406$6,527$5,743$3,291
13 years$8,663$7,580$6,617$5,762$5,008$2,713
14 years$7,961$6,890$5,945$5,115$4,390$2,246
15 years$7,354$6,295$5,368$4,562$3,865$1,866
16 years$6,823$5,775$4,866$4,084$3,416$1,554
17 years$6,355$5,319$4,428$3,670$3,029$1,297
18 years$5,939$4,915$4,042$3,307$2,693$1,085
19 years$5,568$4,555$3,701$2,988$2,400$908
20 years$5,234$4,233$3,396$2,707$2,144$761
21 years$4,932$3,943$3,124$2,456$1,919$639
22 years$4,658$3,680$2,879$2,233$1,720$537
23 years$4,409$3,442$2,658$2,034$1,544$451
24 years$4,180$3,225$2,459$1,855$1,388$380
25 years$3,970$3,026$2,277$1,694$1,249$320
26 years$3,777$2,844$2,112$1,549$1,125$269
27 years$3,598$2,677$1,961$1,418$1,014$227
28 years$3,432$2,522$1,823$1,299$915$191
29 years$3,278$2,380$1,697$1,191$826$161
30 years$3,135$2,247$1,580$1,093$747$136
31 years$3,001$2,124$1,473$1,004$675$114
32 years$2,875$2,010$1,375$923$611$96
33 years$2,758$1,904$1,283$849$553$81
34 years$2,648$1,804$1,199$781$500$69
35 years$2,544$1,711$1,121$719$453$58
36 years$2,446$1,624$1,049$662$411$49
37 years$2,354$1,543$982$610$372$41
38 years$2,266$1,466$919$562$337$35
39 years$2,184$1,394$861$518$306$29
40 years$2,105$1,326$807$478$277$25
41 years$2,031$1,263$757$441$252$21
42 years$1,961$1,202$710$407$228$18
43 years$1,894$1,146$666$376$207$15
44 years$1,830$1,092$625$347$188$13
45 years$1,769$1,041$587$320$171$11
46 years$1,711$993$552$296$155$9
47 years$1,656$948$518$273$141$8
48 years$1,603$905$487$253$128$6
49 years$1,552$864$458$234$116$5
50 years$1,504$826$430$216$106$5

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 $2,430 every year, while hoping to spend $48,661 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: 60/14/26 Blend
41$1,540,000$1,540,000$1,540,000$1,540,000
42$1,699,587$1,617,967$1,594,097$1,789,538
43$1,821,169$1,645,472$1,595,724$1,878,573
44$1,953,523$1,672,694$1,595,775$1,970,222
45$2,097,694$1,699,568$1,594,145$2,069,186
46$2,254,836$1,726,024$1,590,726$2,176,187
47$2,426,215$1,751,985$1,585,402$2,292,023
48$2,613,230$1,777,373$1,578,053$2,417,573
49$2,817,415$1,802,100$1,568,553$2,553,805
50$3,040,463$1,826,075$1,556,771$2,701,790
51$3,284,235$1,849,197$1,542,568$2,862,707
52$3,550,782$1,871,363$1,525,799$3,037,857
53$3,842,360$1,892,458$1,506,312$3,228,676
54$4,161,456$1,912,364$1,483,949$3,436,747
55$4,510,806$1,930,950$1,458,542$3,663,816
56$4,893,422$1,948,082$1,429,918$3,911,808
57$5,312,625$1,963,612$1,397,894$4,182,848
58$5,772,069$1,977,385$1,362,279$4,479,278
59$6,275,780$1,989,236$1,322,875$4,803,683
60$6,828,190$1,998,989$1,279,472$5,158,912
61$7,434,182$2,006,457$1,231,851$5,548,107
62$8,099,136$2,011,440$1,179,785$5,974,734
63$8,828,975$2,013,728$1,123,035$6,442,616
64$9,630,225$2,013,095$1,061,352$6,955,967
65$10,510,074$2,009,303$994,473$7,519,436
66$11,476,441$2,002,098$922,128$8,138,148
67$12,538,050$1,991,213$844,030$8,817,754
68$13,704,509$1,976,360$759,884$9,564,488
69$14,986,406$1,957,239$669,377$10,385,222
70$16,395,403$1,933,528$572,185$11,287,533
71$17,944,351$1,904,887$467,969$12,279,777
72$19,647,404$1,870,956$356,376$13,371,164
73$21,520,160$1,831,353$237,035$14,571,854
74$23,579,801$1,785,675$109,561$15,893,045
75$25,845,261$1,733,493$0$17,347,084
76$28,337,397$1,674,354$0$18,954,928
77$31,079,193$1,607,779$0$20,757,155
78$34,095,971$1,533,260$0$22,740,006
79$37,415,631$1,450,260$0$24,921,849
80$41,068,915$1,358,213$0$27,322,926
81$45,089,696$1,256,517$0$29,965,546
82$49,515,297$1,144,538$0$32,874,291
83$54,386,843$1,021,606$0$36,076,253
84$59,749,647$887,011$0$39,601,291
85$65,653,641$740,004$0$43,482,305
86$72,153,842$579,794$0$47,755,558
87$79,310,875$405,545$0$52,461,010
88$87,191,541$216,374$0$57,642,700
89$95,869,451$11,349$0$63,349,160
90$105,425,715$0$0$69,633,876
91$115,949,712$0$0$76,588,220
92$127,539,930$0$0$84,249,224
93$140,304,895$0$0$92,686,893
94$154,364,198$0$0$101,980,299
95$169,849,618$0$0$112,216,571
96$186,906,369$0$0$123,491,723
97$205,694,469$0$0$135,911,556
98$226,390,251$0$0$149,592,658
99$249,188,023$0$0$164,663,503
100$274,301,906$0$0$181,265,664