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

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 $1,550,000?

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 $3,023 every year, while hoping to spend $58,843 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: 49/23/28 Blend
41$1,550,000$1,550,000$1,550,000$1,550,000
42$1,711,218$1,629,068$1,605,043$1,781,316
43$1,823,154$1,646,284$1,596,204$1,847,997
44$1,944,535$1,662,371$1,585,096$1,914,347
45$2,076,263$1,677,213$1,571,582$1,985,291
46$2,219,328$1,690,683$1,555,516$2,061,292
47$2,374,822$1,702,648$1,536,748$2,142,865
48$2,543,943$1,712,968$1,515,119$2,230,575
49$2,728,012$1,721,490$1,490,462$2,325,052
50$2,928,480$1,728,054$1,462,603$2,426,991
51$3,146,946$1,732,489$1,431,361$2,537,160
52$3,385,168$1,734,614$1,396,545$2,656,411
53$3,645,081$1,734,236$1,357,955$2,785,685
54$3,928,816$1,731,151$1,315,384$2,926,022
55$4,238,718$1,725,140$1,268,612$3,078,574
56$4,577,368$1,715,973$1,217,412$3,244,612
57$4,947,609$1,703,405$1,161,545$3,425,545
58$5,352,571$1,687,178$1,100,762$3,622,927
59$5,795,698$1,667,014$1,034,802$3,838,476
60$6,280,785$1,642,624$963,394$4,074,093
61$6,812,010$1,613,697$886,252$4,331,877
62$7,393,972$1,579,905$803,079$4,614,147
63$8,031,740$1,540,903$713,565$4,923,467
64$8,730,893$1,496,323$617,385$5,262,666
65$9,497,577$1,445,776$514,200$5,634,872
66$10,338,561$1,388,850$403,657$6,043,538
67$11,261,300$1,325,110$285,385$6,492,479
68$12,274,007$1,254,095$159,000$6,985,907
69$13,385,729$1,175,318$24,099$7,528,473
70$14,606,428$1,088,264$0$8,125,311
71$15,947,083$992,388$0$8,817,901
72$17,419,785$887,114$0$9,586,703
73$19,037,854$771,834$0$10,431,554
74$20,815,966$645,904$0$11,360,222
75$22,770,287$508,646$0$12,381,272
76$24,918,628$359,342$0$13,504,147
77$27,280,612$197,233$0$14,739,258
78$29,877,857$21,520$0$16,098,086
79$32,734,182$0$0$17,593,287
80$35,875,828$0$0$19,281,495
81$39,331,710$0$0$21,144,744
82$43,133,682$0$0$23,194,785
83$47,316,846$0$0$25,450,569
84$51,919,873$0$0$27,932,974
85$56,985,375$0$0$30,665,009
86$62,560,303$0$0$33,672,021
87$68,696,390$0$0$36,981,942
88$75,450,638$0$0$40,625,550
89$82,885,857$0$0$44,636,756
90$91,071,254$0$0$49,052,929
91$100,083,090$0$0$53,915,243
92$110,005,395$0$0$59,269,069
93$120,930,759$0$0$65,164,400
94$132,961,213$0$0$71,656,327
95$146,209,182$0$0$78,805,553
96$160,798,550$0$0$86,678,969
97$176,865,829$0$0$95,350,284
98$194,561,444$0$0$104,900,719
99$214,051,153$0$0$115,419,778
100$235,517,613$0$0$127,006,084