Can I retire at age 42 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$129,649$128,494$127,368$126,268$125,194$120,322
2 years$64,183$62,987$61,829$60,706$59,616$54,766
3 years$42,363$41,163$40,007$38,895$37,823$33,148
4 years$31,456$30,259$29,115$28,021$26,976$22,512
5 years$24,913$23,724$22,595$21,523$20,506$16,264
6 years$20,553$19,372$18,260$17,212$16,226$12,209
7 years$17,439$16,269$15,174$14,151$13,196$9,403
8 years$15,105$13,945$12,869$11,871$10,947$7,374
9 years$13,291$12,142$11,084$10,111$9,219$5,860
10 years$11,840$10,702$9,663$8,716$7,855$4,704
11 years$10,654$9,528$8,507$7,586$6,756$3,806
12 years$9,667$8,552$7,550$6,654$5,854$3,098
13 years$8,831$7,728$6,745$5,874$5,105$2,533
14 years$8,116$7,025$6,061$5,214$4,475$2,080
15 years$7,497$6,417$5,472$4,650$3,940$1,713
16 years$6,956$5,888$4,961$4,164$3,482$1,414
17 years$6,479$5,422$4,515$3,741$3,088$1,170
18 years$6,055$5,010$4,121$3,372$2,746$969
19 years$5,676$4,644$3,773$3,047$2,447$804
20 years$5,336$4,315$3,462$2,759$2,186$668
21 years$5,028$4,019$3,185$2,504$1,956$556
22 years$4,749$3,752$2,935$2,277$1,753$463
23 years$4,495$3,509$2,710$2,074$1,574$385
24 years$4,262$3,288$2,506$1,891$1,415$321
25 years$4,048$3,085$2,321$1,727$1,273$268
26 years$3,850$2,900$2,153$1,579$1,147$223
27 years$3,668$2,729$1,999$1,446$1,034$186
28 years$3,499$2,572$1,859$1,324$933$155
29 years$3,342$2,426$1,730$1,215$842$130
30 years$3,196$2,291$1,611$1,115$761$108
31 years$3,059$2,166$1,502$1,024$688$90
32 years$2,931$2,049$1,401$941$622$75
33 years$2,812$1,941$1,308$865$563$63
34 years$2,699$1,839$1,223$796$510$53
35 years$2,593$1,745$1,143$733$462$44
36 years$2,494$1,656$1,069$675$419$37
37 years$2,399$1,573$1,001$622$379$31
38 years$2,310$1,495$937$573$344$26
39 years$2,226$1,421$878$528$312$21
40 years$2,146$1,352$823$487$283$18
41 years$2,071$1,287$772$450$257$15
42 years$1,999$1,226$724$415$233$12
43 years$1,930$1,168$679$383$211$10
44 years$1,865$1,113$638$354$192$9
45 years$1,803$1,062$599$327$174$7
46 years$1,744$1,013$562$302$158$6
47 years$1,688$967$528$279$144$5
48 years$1,634$923$496$258$130$4
49 years$1,582$881$467$238$118$4
50 years$1,533$842$439$220$108$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,570,000, adding $5,377 every year, while hoping to spend $29,638 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: 38/35/27 Blend
41$1,570,000$1,570,000$1,570,000$1,570,000
42$1,735,686$1,652,476$1,628,141$1,787,507
43$1,881,192$1,701,913$1,651,150$1,875,419
44$2,040,545$1,752,779$1,673,935$1,967,248
45$2,215,128$1,805,113$1,696,459$2,065,922
46$2,406,462$1,858,954$1,718,681$2,172,082
47$2,616,222$1,914,343$1,740,557$2,286,433
48$2,846,252$1,971,321$1,762,042$2,409,748
49$3,098,585$2,029,932$1,783,086$2,542,882
50$3,375,460$2,090,218$1,803,639$2,686,773
51$3,679,343$2,152,223$1,823,646$2,842,455
52$4,012,948$2,215,994$1,843,050$3,011,066
53$4,379,267$2,281,577$1,861,791$3,193,860
54$4,781,597$2,349,019$1,879,805$3,392,215
55$5,223,567$2,418,368$1,897,026$3,607,652
56$5,709,176$2,489,674$1,913,382$3,841,844
57$6,242,832$2,562,987$1,928,800$4,096,633
58$6,829,387$2,638,359$1,943,201$4,374,050
59$7,474,188$2,715,843$1,956,502$4,676,329
60$8,183,128$2,795,492$1,968,617$5,005,935
61$8,962,696$2,877,361$1,979,456$5,365,579
62$9,820,045$2,961,505$1,988,921$5,758,250
63$10,763,053$3,047,982$1,996,913$6,187,240
64$11,800,400$3,136,849$2,003,325$6,656,176
65$12,941,651$3,228,165$2,008,047$7,169,055
66$14,197,345$3,321,990$2,010,962$7,730,278
67$15,579,093$3,418,386$2,011,948$8,344,697
68$17,099,687$3,517,414$2,010,875$9,017,656
69$18,773,226$3,619,138$2,007,610$9,755,044
70$20,615,240$3,723,621$2,002,010$10,563,349
71$22,642,845$3,830,929$1,993,928$11,449,720
72$24,874,899$3,941,128$1,983,208$12,422,037
73$27,332,180$4,054,285$1,969,687$13,488,979
74$30,037,585$4,170,468$1,953,195$14,660,113
75$33,016,344$4,289,745$1,933,551$15,945,978
76$36,296,256$4,412,188$1,910,570$17,358,190
77$39,907,955$4,537,866$1,884,055$18,909,548
78$43,885,195$4,666,850$1,853,800$20,614,157
79$48,265,173$4,799,214$1,819,591$22,487,559
80$53,088,875$4,935,030$1,781,201$24,546,882
81$58,401,466$5,074,371$1,738,397$26,811,000
82$64,252,712$5,217,313$1,690,930$29,300,713
83$70,697,456$5,363,928$1,638,543$32,038,942
84$77,796,129$5,514,294$1,580,967$35,050,946
85$85,615,325$5,668,484$1,517,920$38,364,561
86$94,228,423$5,826,576$1,449,106$42,010,460
87$103,716,289$5,988,644$1,374,217$46,022,450
88$114,168,029$6,154,766$1,292,932$50,437,782
89$125,681,835$6,325,017$1,204,912$55,297,511
90$138,365,913$6,499,473$1,109,808$60,646,877
91$152,339,499$6,678,211$1,007,249$66,535,738
92$167,733,990$6,861,305$896,854$73,019,039
93$184,694,178$7,048,830$778,220$80,157,328
94$203,379,622$7,240,860$650,928$88,017,332
95$223,966,150$7,437,469$514,541$96,672,588
96$246,647,522$7,638,729$368,602$106,204,131
97$271,637,253$7,844,711$212,634$116,701,269
98$299,170,634$8,055,484$46,139$128,262,418
99$329,506,952$8,271,115$0$140,996,036
100$362,931,932$8,491,671$0$155,059,545