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

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$129,649$128,494$127,368$126,268$125,194$121,090
2 years$64,183$62,987$61,829$60,706$59,616$55,520
3 years$42,363$41,163$40,007$38,895$37,823$33,864
4 years$31,456$30,259$29,115$28,021$26,976$23,184
5 years$24,913$23,724$22,595$21,523$20,506$16,892
6 years$20,553$19,372$18,260$17,212$16,226$12,792
7 years$17,439$16,269$15,174$14,151$13,196$9,942
8 years$15,105$13,945$12,869$11,871$10,947$7,871
9 years$13,291$12,142$11,084$10,111$9,219$6,317
10 years$11,840$10,702$9,663$8,716$7,855$5,123
11 years$10,654$9,528$8,507$7,586$6,756$4,188
12 years$9,667$8,552$7,550$6,654$5,854$3,445
13 years$8,831$7,728$6,745$5,874$5,105$2,848
14 years$8,116$7,025$6,061$5,214$4,475$2,365
15 years$7,497$6,417$5,472$4,650$3,940$1,970
16 years$6,956$5,888$4,961$4,164$3,482$1,645
17 years$6,479$5,422$4,515$3,741$3,088$1,377
18 years$6,055$5,010$4,121$3,372$2,746$1,155
19 years$5,676$4,644$3,773$3,047$2,447$970
20 years$5,336$4,315$3,462$2,759$2,186$816
21 years$5,028$4,019$3,185$2,504$1,956$687
22 years$4,749$3,752$2,935$2,277$1,753$579
23 years$4,495$3,509$2,710$2,074$1,574$488
24 years$4,262$3,288$2,506$1,891$1,415$412
25 years$4,048$3,085$2,321$1,727$1,273$348
26 years$3,850$2,900$2,153$1,579$1,147$294
27 years$3,668$2,729$1,999$1,446$1,034$248
28 years$3,499$2,572$1,859$1,324$933$210
29 years$3,342$2,426$1,730$1,215$842$177
30 years$3,196$2,291$1,611$1,115$761$150
31 years$3,059$2,166$1,502$1,024$688$127
32 years$2,931$2,049$1,401$941$622$107
33 years$2,812$1,941$1,308$865$563$91
34 years$2,699$1,839$1,223$796$510$77
35 years$2,593$1,745$1,143$733$462$65
36 years$2,494$1,656$1,069$675$419$55
37 years$2,399$1,573$1,001$622$379$47
38 years$2,310$1,495$937$573$344$39
39 years$2,226$1,421$878$528$312$33
40 years$2,146$1,352$823$487$283$28
41 years$2,071$1,287$772$450$257$24
42 years$1,999$1,226$724$415$233$20
43 years$1,930$1,168$679$383$211$17
44 years$1,865$1,113$638$354$192$15
45 years$1,803$1,062$599$327$174$12
46 years$1,744$1,013$562$302$158$10
47 years$1,688$967$528$279$144$9
48 years$1,634$923$496$258$130$7
49 years$1,582$881$467$238$118$6
50 years$1,533$842$439$220$108$5

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 $2,120 every year, while hoping to spend $51,466 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: 24/46/30 Blend
41$1,570,000$1,570,000$1,570,000$1,570,000
42$1,732,327$1,649,117$1,624,782$1,757,569
43$1,854,265$1,675,164$1,624,453$1,805,536
44$1,986,915$1,700,763$1,622,387$1,852,430
45$2,131,317$1,725,837$1,618,474$1,901,609
46$2,288,613$1,750,304$1,612,594$1,953,298
47$2,460,059$1,774,076$1,604,624$2,007,751
48$2,647,040$1,797,061$1,594,434$2,065,247
49$2,851,079$1,819,158$1,581,888$2,126,099
50$3,073,853$1,840,260$1,566,845$2,190,655
51$3,317,206$1,860,253$1,549,154$2,259,302
52$3,583,170$1,879,015$1,528,660$2,332,469
53$3,873,983$1,896,416$1,505,199$2,410,636
54$4,192,106$1,912,317$1,478,601$2,494,334
55$4,540,251$1,926,572$1,448,684$2,584,152
56$4,921,405$1,939,022$1,415,264$2,680,748
57$5,338,855$1,949,501$1,378,142$2,784,850
58$5,796,222$1,957,830$1,337,113$2,897,264
59$6,297,494$1,963,821$1,291,964$3,018,890
60$6,847,062$1,967,272$1,242,468$3,150,721
61$7,449,764$1,967,970$1,188,392$3,293,860
62$8,110,927$1,965,687$1,129,491$3,449,533
63$8,836,419$1,960,184$1,065,506$3,619,094
64$9,632,704$1,951,203$996,171$3,804,048
65$10,506,902$1,938,473$921,204$4,006,059
66$11,466,855$1,921,708$840,314$4,226,971
67$12,521,203$1,900,600$753,193$4,468,829
68$13,679,464$1,874,827$659,523$4,733,895
69$14,952,121$1,844,046$558,969$5,024,671
70$16,350,727$1,807,894$451,184$5,343,931
71$17,888,005$1,765,984$335,802$5,694,741
72$19,577,975$1,717,911$212,445$6,080,494
73$21,436,081$1,663,242$80,715$6,504,945
74$23,479,341$1,601,520$0$6,972,246
75$25,726,502$1,532,263$0$7,506,150
76$28,198,220$1,454,958$0$8,121,390
77$30,917,252$1,369,066$0$8,797,859
78$33,908,675$1,274,013$0$9,541,911
79$37,200,116$1,169,195$0$10,360,561
80$40,822,015$1,053,973$0$11,261,549
81$44,807,914$927,671$0$12,253,419
82$49,194,769$789,575$0$13,345,599
83$54,023,302$638,931$0$14,548,495
84$59,338,381$474,941$0$15,873,586
85$65,189,446$296,763$0$17,333,542
86$71,630,974$103,509$0$18,942,339
87$78,722,993$0$0$20,715,400
88$86,531,646$0$0$22,723,272
89$95,129,816$0$0$24,992,193
90$104,597,817$0$0$27,491,006
91$115,024,143$0$0$30,243,111
92$126,506,311$0$0$33,274,293
93$139,151,776$0$0$36,612,966
94$153,078,946$0$0$40,290,442
95$168,418,298$0$0$44,341,224
96$185,313,611$0$0$48,803,332
97$203,923,321$0$0$53,718,663
98$224,422,014$0$0$59,133,385
99$247,002,077$0$0$65,098,375
100$271,875,510$0$0$71,669,696