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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$128,823$127,676$126,556$125,464$124,397$121,095
2 years$63,774$62,586$61,435$60,319$59,236$55,933
3 years$42,094$40,901$39,753$38,647$37,582$34,380
4 years$31,256$30,066$28,930$27,843$26,804$23,728
5 years$24,754$23,572$22,451$21,386$20,376$17,435
6 years$20,422$19,249$18,143$17,103$16,123$13,320
7 years$17,328$16,165$15,077$14,061$13,112$10,447
8 years$15,009$13,856$12,787$11,795$10,878$8,349
9 years$13,206$12,064$11,013$10,047$9,161$6,766
10 years$11,765$10,634$9,602$8,661$7,805$5,542
11 years$10,586$9,467$8,453$7,537$6,713$4,577
12 years$9,605$8,497$7,502$6,611$5,817$3,806
13 years$8,775$7,679$6,702$5,837$5,073$3,181
14 years$8,065$6,980$6,022$5,181$4,447$2,670
15 years$7,449$6,376$5,437$4,621$3,915$2,249
16 years$6,911$5,850$4,930$4,137$3,460$1,900
17 years$6,437$5,388$4,486$3,717$3,068$1,610
18 years$6,016$4,979$4,095$3,350$2,728$1,366
19 years$5,640$4,614$3,749$3,027$2,432$1,161
20 years$5,302$4,288$3,440$2,742$2,172$989
21 years$4,996$3,994$3,164$2,488$1,944$843
22 years$4,719$3,728$2,917$2,262$1,742$719
23 years$4,466$3,487$2,693$2,060$1,564$614
24 years$4,235$3,267$2,491$1,879$1,406$525
25 years$4,022$3,066$2,307$1,716$1,265$449
26 years$3,826$2,881$2,139$1,569$1,139$384
27 years$3,645$2,712$1,987$1,436$1,027$329
28 years$3,477$2,555$1,847$1,316$927$282
29 years$3,321$2,411$1,719$1,207$837$241
30 years$3,175$2,276$1,601$1,108$756$207
31 years$3,040$2,152$1,492$1,017$684$177
32 years$2,913$2,036$1,392$935$618$152
33 years$2,794$1,928$1,300$860$560$130
34 years$2,682$1,828$1,215$791$507$112
35 years$2,577$1,733$1,136$728$459$96
36 years$2,478$1,645$1,062$671$416$82
37 years$2,384$1,563$994$618$377$70
38 years$2,296$1,485$931$569$342$60
39 years$2,212$1,412$872$525$310$52
40 years$2,133$1,344$818$484$281$45
41 years$2,058$1,279$767$447$255$38
42 years$1,986$1,218$719$412$231$33
43 years$1,918$1,161$675$381$210$28
44 years$1,854$1,106$634$351$191$24
45 years$1,792$1,055$595$325$173$21
46 years$1,733$1,006$559$300$157$18
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$10

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 $2,517 every year, while hoping to spend $46,934 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: 68/25/7 Blend
41$1,560,000$1,560,000$1,560,000$1,560,000
42$1,721,716$1,639,036$1,614,856$1,836,631
43$1,847,394$1,669,412$1,619,017$1,943,487
44$1,984,318$1,699,702$1,621,743$2,054,365
45$2,133,585$1,729,855$1,622,939$2,174,350
46$2,296,404$1,759,811$1,622,500$2,304,325
47$2,474,104$1,789,509$1,620,321$2,445,262
48$2,668,149$1,818,881$1,616,288$2,598,232
49$2,880,149$1,847,855$1,610,283$2,764,414
50$3,111,879$1,876,354$1,602,182$2,945,110
51$3,365,291$1,904,296$1,591,855$3,141,751
52$3,642,534$1,931,590$1,579,166$3,355,916
53$3,945,977$1,958,143$1,563,972$3,589,343
54$4,278,226$1,983,851$1,546,125$3,843,948
55$4,642,152$2,008,607$1,525,467$4,121,843
56$5,040,917$2,032,293$1,501,835$4,425,355
57$5,478,001$2,054,786$1,475,057$4,757,047
58$5,957,239$2,075,953$1,444,953$5,119,746
59$6,482,854$2,095,652$1,411,337$5,516,566
60$7,059,499$2,113,732$1,374,010$5,950,938
61$7,692,297$2,130,034$1,332,768$6,426,647
62$8,386,890$2,144,385$1,287,395$6,947,859
63$9,149,497$2,156,603$1,237,667$7,519,171
64$9,986,965$2,166,496$1,183,347$8,145,646
65$10,906,837$2,173,856$1,124,191$8,832,865
66$11,917,424$2,178,465$1,059,941$9,586,980
67$13,027,881$2,180,089$990,329$10,414,772
68$14,248,293$2,178,481$915,073$11,323,712
69$15,589,771$2,173,379$833,881$12,322,037
70$17,064,557$2,164,504$746,445$13,418,825
71$18,686,137$2,151,560$652,446$14,624,082
72$20,469,369$2,134,233$551,549$15,948,837
73$22,430,625$2,112,190$443,406$17,405,244
74$24,587,940$2,085,079$327,652$19,006,700
75$26,961,187$2,052,525$203,905$20,767,972
76$29,572,261$2,014,132$71,769$22,705,335
77$32,445,288$1,969,480$0$24,836,727
78$35,606,848$1,918,125$0$27,187,092
79$39,086,229$1,859,597$0$29,779,107
80$42,915,703$1,793,395$0$32,631,456
81$47,130,828$1,718,995$0$35,770,648
82$51,770,784$1,635,837$0$39,225,896
83$56,878,742$1,543,331$0$43,029,397
84$62,502,274$1,440,854$0$47,216,635
85$68,693,795$1,327,746$0$51,826,716
86$75,511,065$1,203,308$0$56,902,739
87$83,017,727$1,066,804$0$62,492,203
88$91,283,911$917,454$0$68,647,455
89$100,386,896$754,434$0$75,426,189
90$110,411,833$576,875$0$82,891,987
91$121,452,556$383,859$0$91,114,924
92$133,612,463$174,414$0$100,172,225
93$147,005,490$0$0$110,149,004
94$161,757,190$0$0$121,153,497
95$178,005,912$0$0$133,327,723
96$195,904,114$0$0$146,737,941
97$215,619,792$0$0$161,510,042
98$237,338,074$0$0$177,782,748
99$261,262,959$0$0$195,708,930
100$287,619,250$0$0$215,457,041