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%19.5%
1 years$128,823$127,676$126,556$125,464$124,397$119,650
2 years$63,774$62,586$61,435$60,319$59,236$54,510
3 years$42,094$40,901$39,753$38,647$37,582$33,025
4 years$31,256$30,066$28,930$27,843$26,804$22,450
5 years$24,754$23,572$22,451$21,386$20,376$16,237
6 years$20,422$19,249$18,143$17,103$16,123$12,202
7 years$17,328$16,165$15,077$14,061$13,112$9,408
8 years$15,009$13,856$12,787$11,795$10,878$7,387
9 years$13,206$12,064$11,013$10,047$9,161$5,878
10 years$11,765$10,634$9,602$8,661$7,805$4,724
11 years$10,586$9,467$8,453$7,537$6,713$3,827
12 years$9,605$8,497$7,502$6,611$5,817$3,119
13 years$8,775$7,679$6,702$5,837$5,073$2,554
14 years$8,065$6,980$6,022$5,181$4,447$2,100
15 years$7,449$6,376$5,437$4,621$3,915$1,732
16 years$6,911$5,850$4,930$4,137$3,460$1,432
17 years$6,437$5,388$4,486$3,717$3,068$1,186
18 years$6,016$4,979$4,095$3,350$2,728$985
19 years$5,640$4,614$3,749$3,027$2,432$818
20 years$5,302$4,288$3,440$2,742$2,172$681
21 years$4,996$3,994$3,164$2,488$1,944$567
22 years$4,719$3,728$2,917$2,262$1,742$473
23 years$4,466$3,487$2,693$2,060$1,564$394
24 years$4,235$3,267$2,491$1,879$1,406$329
25 years$4,022$3,066$2,307$1,716$1,265$275
26 years$3,826$2,881$2,139$1,569$1,139$229
27 years$3,645$2,712$1,987$1,436$1,027$192
28 years$3,477$2,555$1,847$1,316$927$160
29 years$3,321$2,411$1,719$1,207$837$134
30 years$3,175$2,276$1,601$1,108$756$112
31 years$3,040$2,152$1,492$1,017$684$94
32 years$2,913$2,036$1,392$935$618$78
33 years$2,794$1,928$1,300$860$560$65
34 years$2,682$1,828$1,215$791$507$55
35 years$2,577$1,733$1,136$728$459$46
36 years$2,478$1,645$1,062$671$416$38
37 years$2,384$1,563$994$618$377$32
38 years$2,296$1,485$931$569$342$27
39 years$2,212$1,412$872$525$310$22
40 years$2,133$1,344$818$484$281$19
41 years$2,058$1,279$767$447$255$16
42 years$1,986$1,218$719$412$231$13
43 years$1,918$1,161$675$381$210$11
44 years$1,854$1,106$634$351$191$9
45 years$1,792$1,055$595$325$173$8
46 years$1,733$1,006$559$300$157$6
47 years$1,677$960$525$277$143$5
48 years$1,623$917$493$256$130$5
49 years$1,572$875$464$237$118$4
50 years$1,523$836$436$219$107$3

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 $3,430 every year, while hoping to spend $48,324 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: 61/11/28 Blend
41$1,560,000$1,560,000$1,560,000$1,560,000
42$1,722,658$1,639,978$1,615,798$1,814,550
43$1,846,953$1,668,921$1,618,511$1,906,459
44$1,982,306$1,697,662$1,619,695$2,001,230
45$2,129,795$1,726,141$1,619,248$2,103,660
46$2,290,604$1,754,292$1,617,063$2,214,508
47$2,466,038$1,782,044$1,613,027$2,334,609
48$2,657,533$1,809,324$1,607,023$2,464,887
49$2,866,669$1,836,048$1,598,926$2,606,359
50$3,095,186$1,862,132$1,588,607$2,760,147
51$3,345,000$1,887,481$1,575,930$2,927,488
52$3,618,219$1,911,996$1,560,752$3,109,748
53$3,917,165$1,935,572$1,542,925$3,308,432
54$4,244,395$1,958,094$1,522,292$3,525,200
55$4,602,724$1,979,442$1,498,690$3,761,885
56$4,995,253$1,999,486$1,471,948$4,020,506
57$5,425,397$2,018,088$1,441,886$4,303,291
58$5,896,914$2,035,101$1,408,316$4,612,696
59$6,413,948$2,050,369$1,371,043$4,951,430
60$6,981,058$2,063,725$1,329,860$5,322,482
61$7,603,270$2,074,992$1,284,555$5,729,146
62$8,286,117$2,083,980$1,234,901$6,175,056
63$9,035,695$2,090,489$1,180,664$6,664,217
64$9,858,718$2,094,305$1,121,598$7,201,050
65$10,762,583$2,095,202$1,057,447$7,790,425
66$11,755,438$2,092,938$987,943$8,437,714
67$12,846,259$2,087,258$912,806$9,148,841
68$14,044,934$2,077,891$831,742$9,930,338
69$15,362,357$2,064,547$744,445$10,789,405
70$16,810,530$2,046,923$650,596$11,733,984
71$18,402,675$2,024,693$549,862$12,772,828
72$20,153,359$1,997,514$441,894$13,915,590
73$22,078,631$1,965,022$326,327$15,172,911
74$24,196,175$1,926,831$202,782$16,556,524
75$26,525,472$1,882,533$70,862$18,079,364
76$29,087,987$1,831,694$0$19,755,690
77$31,907,373$1,773,858$0$21,622,113
78$35,009,686$1,708,539$0$23,699,026
79$38,423,640$1,635,223$0$25,984,475
80$42,180,871$1,553,368$0$28,499,665
81$46,316,237$1,462,400$0$31,267,960
82$50,868,147$1,361,712$0$34,315,109
83$55,878,923$1,250,661$0$37,669,486
84$61,395,198$1,128,568$0$41,362,358
85$67,468,357$994,717$0$45,428,185
86$74,155,020$848,349$0$49,904,939
87$81,517,577$688,662$0$54,834,465
88$89,624,774$514,812$0$60,262,879
89$98,552,367$325,903$0$66,240,998
90$108,383,829$120,993$0$72,824,827
91$119,211,143$0$0$80,076,079
92$131,135,665$0$0$88,074,984
93$144,269,086$0$0$96,901,106
94$158,734,480$0$0$106,622,530
95$174,667,467$0$0$117,330,421
96$192,217,494$0$0$129,125,237
97$211,549,243$0$0$142,117,678
98$232,844,186$0$0$156,429,731
99$256,302,296$0$0$172,195,819
100$282,143,936$0$0$189,564,071