Can I retire at age 42 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$128,823$127,676$126,556$125,464$124,397$121,046
2 years$63,774$62,586$61,435$60,319$59,236$55,884
3 years$42,094$40,901$39,753$38,647$37,582$34,334
4 years$31,256$30,066$28,930$27,843$26,804$23,684
5 years$24,754$23,572$22,451$21,386$20,376$17,394
6 years$20,422$19,249$18,143$17,103$16,123$13,281
7 years$17,328$16,165$15,077$14,061$13,112$10,410
8 years$15,009$13,856$12,787$11,795$10,878$8,315
9 years$13,206$12,064$11,013$10,047$9,161$6,734
10 years$11,765$10,634$9,602$8,661$7,805$5,513
11 years$10,586$9,467$8,453$7,537$6,713$4,550
12 years$9,605$8,497$7,502$6,611$5,817$3,780
13 years$8,775$7,679$6,702$5,837$5,073$3,158
14 years$8,065$6,980$6,022$5,181$4,447$2,649
15 years$7,449$6,376$5,437$4,621$3,915$2,230
16 years$6,911$5,850$4,930$4,137$3,460$1,883
17 years$6,437$5,388$4,486$3,717$3,068$1,593
18 years$6,016$4,979$4,095$3,350$2,728$1,351
19 years$5,640$4,614$3,749$3,027$2,432$1,148
20 years$5,302$4,288$3,440$2,742$2,172$977
21 years$4,996$3,994$3,164$2,488$1,944$832
22 years$4,719$3,728$2,917$2,262$1,742$709
23 years$4,466$3,487$2,693$2,060$1,564$605
24 years$4,235$3,267$2,491$1,879$1,406$517
25 years$4,022$3,066$2,307$1,716$1,265$442
26 years$3,826$2,881$2,139$1,569$1,139$378
27 years$3,645$2,712$1,987$1,436$1,027$323
28 years$3,477$2,555$1,847$1,316$927$276
29 years$3,321$2,411$1,719$1,207$837$237
30 years$3,175$2,276$1,601$1,108$756$203
31 years$3,040$2,152$1,492$1,017$684$173
32 years$2,913$2,036$1,392$935$618$149
33 years$2,794$1,928$1,300$860$560$127
34 years$2,682$1,828$1,215$791$507$109
35 years$2,577$1,733$1,136$728$459$93
36 years$2,478$1,645$1,062$671$416$80
37 years$2,384$1,563$994$618$377$69
38 years$2,296$1,485$931$569$342$59
39 years$2,212$1,412$872$525$310$50
40 years$2,133$1,344$818$484$281$43
41 years$2,058$1,279$767$447$255$37
42 years$1,986$1,218$719$412$231$32
43 years$1,918$1,161$675$381$210$27
44 years$1,854$1,106$634$351$191$23
45 years$1,792$1,055$595$325$173$20
46 years$1,733$1,006$559$300$157$17
47 years$1,677$960$525$277$143$15
48 years$1,623$917$493$256$130$13
49 years$1,572$875$464$237$118$11
50 years$1,523$836$436$219$107$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,560,000, adding $3,021 every year, while hoping to spend $43,132 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: 77/10/13 Blend
41$1,560,000$1,560,000$1,560,000$1,560,000
42$1,722,236$1,639,556$1,615,376$1,850,136
43$1,852,012$1,674,002$1,623,599$1,969,277
44$1,993,580$1,708,691$1,630,652$2,094,116
45$2,148,096$1,743,588$1,636,450$2,229,800
46$2,316,835$1,778,657$1,640,904$2,377,394
47$2,501,198$1,813,857$1,643,921$2,538,071
48$2,702,731$1,849,146$1,645,402$2,713,123
49$2,923,131$1,884,476$1,645,245$2,903,975
50$3,164,271$1,919,796$1,643,341$3,112,194
51$3,428,211$1,955,051$1,639,578$3,339,508
52$3,717,220$1,990,180$1,633,835$3,587,820
53$4,033,798$2,025,119$1,625,990$3,859,228
54$4,380,694$2,059,800$1,615,910$4,156,040
55$4,760,941$2,094,146$1,603,459$4,480,804
56$5,177,876$2,128,078$1,588,494$4,836,322
57$5,635,175$2,161,509$1,570,863$5,225,687
58$6,136,886$2,194,347$1,550,411$5,652,302
59$6,687,471$2,226,492$1,526,972$6,119,919
60$7,291,840$2,257,837$1,500,372$6,632,674
61$7,955,406$2,288,269$1,470,433$7,195,121
62$8,684,129$2,317,666$1,436,964$7,812,280
63$9,484,576$2,345,898$1,399,769$8,489,685
64$10,363,981$2,372,825$1,358,639$9,233,429
65$11,330,312$2,398,298$1,313,358$10,050,232
66$12,392,349$2,422,160$1,263,701$10,947,495
67$13,559,763$2,444,241$1,209,430$11,933,377
68$14,843,211$2,464,360$1,150,298$13,016,867
69$16,254,432$2,482,327$1,086,046$14,207,871
70$17,806,359$2,497,936$1,016,404$15,517,309
71$19,513,243$2,510,971$941,088$16,957,210
72$21,390,784$2,521,199$859,805$18,540,833
73$23,456,281$2,528,374$772,246$20,282,790
74$25,728,793$2,532,236$678,088$22,199,184
75$28,229,321$2,532,507$576,994$24,307,760
76$30,981,002$2,528,890$468,614$26,628,073
77$34,009,332$2,521,073$352,581$29,181,676
78$37,342,402$2,508,724$228,510$31,992,319
79$41,011,165$2,491,490$96,003$35,086,176
80$45,049,727$2,468,996$0$38,492,092
81$49,495,668$2,440,845$0$42,248,155
82$54,390,397$2,406,617$0$46,397,720
83$59,779,543$2,365,867$0$50,966,125
84$65,713,384$2,318,122$0$55,995,985
85$72,247,320$2,262,881$0$61,534,257
86$79,442,400$2,199,616$0$67,632,686
87$87,365,893$2,127,765$0$74,348,294
88$96,091,923$2,046,735$0$81,743,916
89$105,702,172$1,955,897$0$89,888,796
90$116,286,646$1,854,588$0$98,859,238
91$127,944,526$1,742,105$0$108,739,327
92$140,785,104$1,617,705$0$119,621,723
93$154,928,813$1,480,601$0$131,608,536
94$170,508,365$1,329,963$0$144,812,290
95$187,670,001$1,164,914$0$159,356,983
96$206,574,872$984,526$0$175,379,262
97$227,400,559$787,818$0$193,029,708
98$250,342,751$573,756$0$212,474,261
99$275,617,087$341,245$0$233,895,785
100$303,461,196$89,132$0$257,495,796