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%16%
1 years$127,998$126,857$125,745$124,659$123,599$120,562
2 years$63,365$62,185$61,041$59,932$58,857$55,816
3 years$41,824$40,639$39,498$38,399$37,341$34,391
4 years$31,055$29,874$28,744$27,664$26,632$23,796
5 years$24,596$23,421$22,307$21,249$20,245$17,531
6 years$20,291$19,125$18,027$16,993$16,019$13,429
7 years$17,217$16,061$14,981$13,971$13,028$10,563
8 years$14,913$13,768$12,705$11,720$10,808$8,466
9 years$13,122$11,987$10,943$9,983$9,102$6,882
10 years$11,690$10,566$9,540$8,605$7,755$5,655
11 years$10,519$9,406$8,399$7,489$6,670$4,685
12 years$9,543$8,443$7,454$6,569$5,780$3,908
13 years$8,719$7,630$6,659$5,799$5,040$3,277
14 years$8,013$6,935$5,984$5,148$4,418$2,761
15 years$7,402$6,335$5,402$4,591$3,890$2,334
16 years$6,867$5,813$4,898$4,111$3,438$1,979
17 years$6,396$5,353$4,457$3,694$3,048$1,682
18 years$5,978$4,947$4,069$3,329$2,711$1,433
19 years$5,604$4,584$3,725$3,008$2,416$1,223
20 years$5,268$4,260$3,418$2,724$2,158$1,045
21 years$4,964$3,968$3,144$2,472$1,931$894
22 years$4,689$3,704$2,898$2,248$1,731$766
23 years$4,437$3,464$2,676$2,047$1,554$657
24 years$4,207$3,246$2,475$1,867$1,397$563
25 years$3,996$3,046$2,292$1,705$1,257$484
26 years$3,801$2,863$2,126$1,559$1,132$416
27 years$3,621$2,694$1,974$1,427$1,021$357
28 years$3,455$2,539$1,835$1,308$921$307
29 years$3,300$2,395$1,708$1,199$832$264
30 years$3,155$2,262$1,591$1,100$751$227
31 years$3,020$2,138$1,483$1,011$679$196
32 years$2,894$2,023$1,383$929$615$168
33 years$2,776$1,916$1,292$854$556$145
34 years$2,665$1,816$1,207$786$504$125
35 years$2,560$1,722$1,128$723$456$108
36 years$2,462$1,635$1,056$666$413$93
37 years$2,369$1,553$988$614$374$80
38 years$2,281$1,476$925$566$340$69
39 years$2,198$1,403$867$522$308$59
40 years$2,119$1,335$813$481$279$51
41 years$2,044$1,271$762$444$253$44
42 years$1,973$1,210$715$410$230$38
43 years$1,906$1,153$671$378$209$33
44 years$1,842$1,099$629$349$189$28
45 years$1,780$1,048$591$323$172$24
46 years$1,722$1,000$555$298$156$21
47 years$1,666$954$522$275$142$18
48 years$1,613$911$490$254$129$16
49 years$1,562$870$461$235$117$13
50 years$1,513$831$433$217$106$12

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 $3,536 every year, while hoping to spend $34,161 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: 33/49/18 Blend
41$1,550,000$1,550,000$1,550,000$1,550,000
42$1,711,747$1,629,597$1,605,572$1,758,576
43$1,849,999$1,673,101$1,623,012$1,837,005
44$2,001,206$1,717,591$1,639,891$1,918,075
45$2,166,657$1,763,080$1,656,154$2,004,725
46$2,347,764$1,809,579$1,671,744$2,097,465
47$2,546,089$1,857,101$1,686,600$2,196,858
48$2,763,346$1,905,655$1,700,657$2,303,521
49$3,001,426$1,955,251$1,713,848$2,418,133
50$3,262,412$2,005,899$1,726,102$2,541,444
51$3,548,595$2,057,605$1,737,344$2,674,277
52$3,862,502$2,110,378$1,747,495$2,817,540
53$4,206,914$2,164,223$1,756,473$2,972,232
54$4,584,894$2,219,145$1,764,190$3,139,454
55$4,999,818$2,275,148$1,770,556$3,320,419
56$5,455,403$2,332,234$1,775,473$3,516,460
57$5,955,745$2,390,404$1,778,841$3,729,050
58$6,505,354$2,449,656$1,780,555$3,959,808
59$7,109,199$2,509,989$1,780,504$4,210,521
60$7,772,757$2,571,398$1,778,570$4,483,155
61$8,502,057$2,633,876$1,774,631$4,779,878
62$9,303,746$2,697,414$1,768,560$5,103,077
63$10,185,142$2,762,002$1,760,221$5,455,384
64$11,154,312$2,827,625$1,749,474$5,839,700
65$12,220,142$2,894,269$1,736,171$6,259,220
66$13,392,420$2,961,912$1,720,157$6,717,466
67$14,681,935$3,030,534$1,701,270$7,218,318
68$16,100,570$3,100,107$1,679,340$7,766,055
69$17,661,420$3,170,604$1,654,190$8,365,389
70$19,378,912$3,241,991$1,625,632$9,021,516
71$21,268,943$3,314,231$1,593,473$9,740,163
72$23,349,029$3,387,282$1,557,508$10,527,639
73$25,638,469$3,461,098$1,517,524$11,390,900
74$28,158,529$3,535,628$1,473,297$12,337,612
75$30,932,641$3,610,815$1,424,594$13,376,223
76$33,986,623$3,686,598$1,371,171$14,516,046
77$37,348,925$3,762,908$1,312,772$15,767,344
78$41,050,896$3,839,671$1,249,130$17,141,429
79$45,127,078$3,916,805$1,179,966$18,650,770
80$49,615,533$3,994,222$1,104,988$20,309,110
81$54,558,204$4,071,825$1,023,892$22,131,593
82$60,001,306$4,149,510$936,358$24,134,916
83$65,995,767$4,227,164$842,054$26,337,478
84$72,597,705$4,304,665$740,632$28,759,559
85$79,868,957$4,381,879$631,729$31,423,513
86$87,877,665$4,458,665$514,966$34,353,975
87$96,698,916$4,534,869$389,947$37,578,100
88$106,415,453$4,610,326$256,258$41,125,817
89$117,118,455$4,684,857$113,468$45,030,111
90$128,908,394$4,758,272$0$49,327,340
91$141,895,988$4,830,365$0$54,065,049
92$156,203,244$4,900,918$0$59,303,669
93$171,964,606$4,969,695$0$65,070,158
94$189,328,230$5,036,443$0$71,418,263
95$208,457,375$5,100,895$0$78,407,215
96$229,531,949$5,162,760$0$86,102,291
97$252,750,205$5,221,733$0$94,575,430
98$278,330,612$5,277,484$0$103,905,910
99$306,513,917$5,329,663$0$114,181,100
100$337,565,417$5,377,898$0$125,497,286