Can I retire at age 42 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$127,998$126,857$125,745$124,659$123,599$119,691
2 years$63,365$62,185$61,041$59,932$58,857$54,954
3 years$41,824$40,639$39,498$38,399$37,341$33,567
4 years$31,055$29,874$28,744$27,664$26,632$23,016
5 years$24,596$23,421$22,307$21,249$20,245$16,796
6 years$20,291$19,125$18,027$16,993$16,019$12,741
7 years$17,217$16,061$14,981$13,971$13,028$9,919
8 years$14,913$13,768$12,705$11,720$10,808$7,867
9 years$13,122$11,987$10,943$9,983$9,102$6,325
10 years$11,690$10,566$9,540$8,605$7,755$5,139
11 years$10,519$9,406$8,399$7,489$6,670$4,209
12 years$9,543$8,443$7,454$6,569$5,780$3,469
13 years$8,719$7,630$6,659$5,799$5,040$2,874
14 years$8,013$6,935$5,984$5,148$4,418$2,391
15 years$7,402$6,335$5,402$4,591$3,890$1,996
16 years$6,867$5,813$4,898$4,111$3,438$1,671
17 years$6,396$5,353$4,457$3,694$3,048$1,402
18 years$5,978$4,947$4,069$3,329$2,711$1,178
19 years$5,604$4,584$3,725$3,008$2,416$992
20 years$5,268$4,260$3,418$2,724$2,158$836
21 years$4,964$3,968$3,144$2,472$1,931$706
22 years$4,689$3,704$2,898$2,248$1,731$596
23 years$4,437$3,464$2,676$2,047$1,554$504
24 years$4,207$3,246$2,475$1,867$1,397$426
25 years$3,996$3,046$2,292$1,705$1,257$361
26 years$3,801$2,863$2,126$1,559$1,132$305
27 years$3,621$2,694$1,974$1,427$1,021$259
28 years$3,455$2,539$1,835$1,308$921$219
29 years$3,300$2,395$1,708$1,199$832$186
30 years$3,155$2,262$1,591$1,100$751$158
31 years$3,020$2,138$1,483$1,011$679$134
32 years$2,894$2,023$1,383$929$615$113
33 years$2,776$1,916$1,292$854$556$96
34 years$2,665$1,816$1,207$786$504$82
35 years$2,560$1,722$1,128$723$456$69
36 years$2,462$1,635$1,056$666$413$59
37 years$2,369$1,553$988$614$374$50
38 years$2,281$1,476$925$566$340$42
39 years$2,198$1,403$867$522$308$36
40 years$2,119$1,335$813$481$279$30
41 years$2,044$1,271$762$444$253$26
42 years$1,973$1,210$715$410$230$22
43 years$1,906$1,153$671$378$209$19
44 years$1,842$1,099$629$349$189$16
45 years$1,780$1,048$591$323$172$13
46 years$1,722$1,000$555$298$156$11
47 years$1,666$954$522$275$142$10
48 years$1,613$911$490$254$129$8
49 years$1,562$870$461$235$117$7
50 years$1,513$831$433$217$106$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,550,000, adding $6,850 every year, while hoping to spend $31,367 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: 67/20/13 Blend
41$1,550,000$1,550,000$1,550,000$1,550,000
42$1,715,166$1,633,016$1,608,991$1,824,575
43$1,856,738$1,679,659$1,629,518$1,944,984
44$2,011,700$1,727,537$1,649,681$2,072,239
45$2,181,384$1,776,676$1,669,435$2,210,576
46$2,367,256$1,827,105$1,688,733$2,361,078
47$2,570,934$1,878,851$1,707,523$2,524,938
48$2,794,197$1,931,942$1,725,753$2,703,467
49$3,039,005$1,986,407$1,743,365$2,898,113
50$3,307,517$2,042,275$1,760,302$3,110,468
51$3,602,111$2,099,574$1,776,499$3,342,284
52$3,925,407$2,158,333$1,791,892$3,595,493
53$4,280,289$2,218,582$1,806,411$3,872,221
54$4,669,935$2,280,349$1,819,982$4,174,813
55$5,097,846$2,343,664$1,832,530$4,505,849
56$5,567,879$2,408,556$1,843,972$4,868,171
57$6,084,283$2,475,055$1,854,225$5,264,910
58$6,651,736$2,543,189$1,863,198$5,699,518
59$7,275,395$2,612,988$1,870,798$6,175,794
60$7,960,942$2,684,480$1,876,925$6,697,924
61$8,714,632$2,757,694$1,881,477$7,270,523
62$9,543,362$2,832,659$1,884,344$7,898,672
63$10,454,727$2,909,401$1,885,411$8,587,970
64$11,457,097$2,987,949$1,884,560$9,344,585
65$12,559,692$3,068,330$1,881,664$10,175,316
66$13,772,671$3,150,569$1,876,591$11,087,652
67$15,107,229$3,234,693$1,869,202$12,089,843
68$16,575,700$3,320,725$1,859,353$13,190,982
69$18,191,671$3,408,691$1,846,891$14,401,087
70$19,970,117$3,498,612$1,831,658$15,731,198
71$21,927,535$3,590,511$1,813,485$17,193,477
72$24,082,105$3,684,407$1,792,198$18,801,328
73$26,453,857$3,780,320$1,767,613$20,569,520
74$29,064,861$3,878,267$1,739,540$22,514,327
75$31,939,439$3,978,264$1,707,776$24,653,681
76$35,104,387$4,080,324$1,672,112$27,007,344
77$38,589,235$4,184,460$1,632,328$29,597,090
78$42,426,519$4,290,681$1,588,193$32,446,915
79$46,652,094$4,398,994$1,539,467$35,583,260
80$51,305,466$4,509,403$1,485,898$39,035,262
81$56,430,170$4,621,911$1,427,222$42,835,030
82$62,074,178$4,736,515$1,363,165$47,017,946
83$68,290,351$4,853,211$1,293,438$51,623,001
84$75,136,939$4,971,990$1,217,740$56,693,159
85$82,678,129$5,092,840$1,135,756$62,275,770
86$90,984,653$5,215,744$1,047,159$68,423,010
87$100,134,453$5,340,681$951,604$75,192,376
88$110,213,418$5,467,625$848,734$82,647,230
89$121,316,192$5,596,545$738,172$90,857,396
90$133,547,071$5,727,403$619,529$99,899,818
91$147,020,984$5,860,157$492,394$109,859,290
92$161,864,578$5,994,758$356,343$120,829,253
93$178,217,412$6,131,149$210,928$132,912,679
94$196,233,279$6,269,266$55,685$146,223,043
95$216,081,652$6,409,038$0$160,885,393
96$237,949,285$6,550,386$0$177,052,790
97$262,041,977$6,693,220$0$194,871,073
98$288,586,512$6,837,441$0$214,499,931
99$317,832,802$6,982,941$0$236,123,863
100$350,056,243$7,129,600$0$259,946,177