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%15.5%
1 years$127,172$126,039$124,934$123,855$122,802$120,028
2 years$62,956$61,784$60,647$59,546$58,477$55,698
3 years$41,554$40,376$39,243$38,152$37,100$34,402
4 years$30,855$29,681$28,559$27,486$26,460$23,863
5 years$24,437$23,270$22,163$21,112$20,115$17,627
6 years$20,160$19,002$17,911$16,883$15,916$13,540
7 years$17,106$15,958$14,884$13,881$12,944$10,680
8 years$14,817$13,679$12,623$11,644$10,738$8,585
9 years$13,037$11,910$10,872$9,918$9,043$7,000
10 years$11,614$10,498$9,478$8,550$7,705$5,769
11 years$10,451$9,346$8,345$7,441$6,627$4,795
12 years$9,482$8,388$7,406$6,527$5,743$4,013
13 years$8,663$7,580$6,617$5,762$5,008$3,377
14 years$7,961$6,890$5,945$5,115$4,390$2,854
15 years$7,354$6,295$5,368$4,562$3,865$2,421
16 years$6,823$5,775$4,866$4,084$3,416$2,060
17 years$6,355$5,319$4,428$3,670$3,029$1,758
18 years$5,939$4,915$4,042$3,307$2,693$1,503
19 years$5,568$4,555$3,701$2,988$2,400$1,287
20 years$5,234$4,233$3,396$2,707$2,144$1,104
21 years$4,932$3,943$3,124$2,456$1,919$948
22 years$4,658$3,680$2,879$2,233$1,720$816
23 years$4,409$3,442$2,658$2,034$1,544$702
24 years$4,180$3,225$2,459$1,855$1,388$605
25 years$3,970$3,026$2,277$1,694$1,249$521
26 years$3,777$2,844$2,112$1,549$1,125$450
27 years$3,598$2,677$1,961$1,418$1,014$388
28 years$3,432$2,522$1,823$1,299$915$335
29 years$3,278$2,380$1,697$1,191$826$289
30 years$3,135$2,247$1,580$1,093$747$250
31 years$3,001$2,124$1,473$1,004$675$216
32 years$2,875$2,010$1,375$923$611$187
33 years$2,758$1,904$1,283$849$553$161
34 years$2,648$1,804$1,199$781$500$140
35 years$2,544$1,711$1,121$719$453$121
36 years$2,446$1,624$1,049$662$411$104
37 years$2,354$1,543$982$610$372$90
38 years$2,266$1,466$919$562$337$78
39 years$2,184$1,394$861$518$306$68
40 years$2,105$1,326$807$478$277$59
41 years$2,031$1,263$757$441$252$51
42 years$1,961$1,202$710$407$228$44
43 years$1,894$1,146$666$376$207$38
44 years$1,830$1,092$625$347$188$33
45 years$1,769$1,041$587$320$171$28
46 years$1,711$993$552$296$155$25
47 years$1,656$948$518$273$141$21
48 years$1,603$905$487$253$128$18
49 years$1,552$864$458$234$116$16
50 years$1,504$826$430$216$106$14

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 $3,075 every year, while hoping to spend $23,481 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: 47/27/26 Blend
41$1,540,000$1,540,000$1,540,000$1,540,000
42$1,700,252$1,618,632$1,594,762$1,767,380
43$1,848,694$1,672,961$1,623,203$1,869,262
44$2,011,490$1,729,166$1,651,809$1,977,241
45$2,190,080$1,787,312$1,680,563$2,093,992
46$2,386,048$1,847,471$1,709,442$2,220,349
47$2,601,142$1,909,714$1,738,425$2,357,232
48$2,837,284$1,974,115$1,767,488$2,505,652
49$3,096,593$2,040,754$1,796,605$2,666,721
50$3,381,405$2,109,709$1,825,750$2,841,664
51$3,694,289$2,181,066$1,854,894$3,031,829
52$4,038,079$2,254,911$1,884,005$3,238,700
53$4,415,895$2,331,333$1,913,051$3,463,909
54$4,831,175$2,410,427$1,941,997$3,709,254
55$5,287,706$2,492,290$1,970,806$3,976,714
56$5,789,662$2,577,022$1,999,438$4,268,470
57$6,341,640$2,664,729$2,027,851$4,586,919
58$6,948,705$2,755,518$2,056,002$4,934,706
59$7,616,437$2,849,502$2,083,842$5,314,739
60$8,350,985$2,946,799$2,111,322$5,730,223
61$9,159,124$3,047,531$2,138,390$6,184,687
62$10,048,317$3,151,823$2,164,989$6,682,018
63$11,026,790$3,259,806$2,191,060$7,226,497
64$12,103,603$3,371,618$2,216,541$7,822,839
65$13,288,742$3,487,398$2,241,367$8,476,239
66$14,593,209$3,607,295$2,265,467$9,192,417
67$16,029,124$3,731,461$2,288,769$9,977,676
68$17,609,847$3,860,055$2,311,194$10,838,959
69$19,350,094$3,993,240$2,332,662$11,783,913
70$21,266,084$4,131,189$2,353,087$12,820,963
71$23,375,686$4,274,079$2,372,377$13,959,392
72$25,698,593$4,422,096$2,390,438$15,209,426
73$28,256,502$4,575,431$2,407,170$16,582,329
74$31,073,321$4,734,284$2,422,467$18,090,515
75$34,175,399$4,898,862$2,436,218$19,747,657
76$37,591,764$5,069,381$2,448,306$21,568,822
77$41,354,410$5,246,066$2,458,610$23,570,611
78$45,498,585$5,429,150$2,467,000$25,771,312
79$50,063,137$5,618,874$2,473,340$28,191,078
80$55,090,870$5,815,491$2,477,489$30,852,113
81$60,628,951$6,019,263$2,479,298$33,778,881
82$66,729,360$6,230,463$2,478,611$36,998,338
83$73,449,373$6,449,373$2,475,262$40,540,188
84$80,852,105$6,676,289$2,469,080$44,437,158
85$89,007,110$6,911,518$2,459,884$48,725,310
86$97,991,030$7,155,377$2,447,485$53,444,380
87$107,888,324$7,408,199$2,431,684$58,638,154
88$118,792,061$7,670,329$2,412,273$64,354,878
89$130,804,802$7,942,125$2,389,035$70,647,716
90$144,039,564$8,223,962$2,361,741$77,575,248
91$158,620,892$8,516,229$2,330,151$85,202,028
92$174,686,028$8,819,329$2,294,016$93,599,185
93$192,386,211$9,133,684$2,253,074$102,845,102
94$211,888,102$9,459,731$2,207,049$113,026,150
95$233,375,358$9,797,928$2,155,655$124,237,504
96$257,050,366$10,148,749$2,098,592$136,584,043
97$283,136,154$10,512,687$2,035,544$150,181,337
98$311,878,491$10,890,258$1,966,184$165,156,739
99$343,548,213$11,281,997$1,890,168$181,650,583
100$378,443,778$11,688,462$1,807,136$199,817,516