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%11.7%
1 years$129,649$128,494$127,368$126,268$125,194$124,301
2 years$64,183$62,987$61,829$60,706$59,616$58,716
3 years$42,363$41,163$40,007$38,895$37,823$36,943
4 years$31,456$30,259$29,115$28,021$26,976$26,123
5 years$24,913$23,724$22,595$21,523$20,506$19,683
6 years$20,553$19,372$18,260$17,212$16,226$15,434
7 years$17,439$16,269$15,174$14,151$13,196$12,435
8 years$15,105$13,945$12,869$11,871$10,947$10,217
9 years$13,291$12,142$11,084$10,111$9,219$8,520
10 years$11,840$10,702$9,663$8,716$7,855$7,187
11 years$10,654$9,528$8,507$7,586$6,756$6,117
12 years$9,667$8,552$7,550$6,654$5,854$5,245
13 years$8,831$7,728$6,745$5,874$5,105$4,525
14 years$8,116$7,025$6,061$5,214$4,475$3,923
15 years$7,497$6,417$5,472$4,650$3,940$3,416
16 years$6,956$5,888$4,961$4,164$3,482$2,985
17 years$6,479$5,422$4,515$3,741$3,088$2,616
18 years$6,055$5,010$4,121$3,372$2,746$2,298
19 years$5,676$4,644$3,773$3,047$2,447$2,024
20 years$5,336$4,315$3,462$2,759$2,186$1,786
21 years$5,028$4,019$3,185$2,504$1,956$1,579
22 years$4,749$3,752$2,935$2,277$1,753$1,397
23 years$4,495$3,509$2,710$2,074$1,574$1,239
24 years$4,262$3,288$2,506$1,891$1,415$1,099
25 years$4,048$3,085$2,321$1,727$1,273$976
26 years$3,850$2,900$2,153$1,579$1,147$868
27 years$3,668$2,729$1,999$1,446$1,034$772
28 years$3,499$2,572$1,859$1,324$933$687
29 years$3,342$2,426$1,730$1,215$842$612
30 years$3,196$2,291$1,611$1,115$761$546
31 years$3,059$2,166$1,502$1,024$688$487
32 years$2,931$2,049$1,401$941$622$434
33 years$2,812$1,941$1,308$865$563$388
34 years$2,699$1,839$1,223$796$510$346
35 years$2,593$1,745$1,143$733$462$309
36 years$2,494$1,656$1,069$675$419$276
37 years$2,399$1,573$1,001$622$379$247
38 years$2,310$1,495$937$573$344$220
39 years$2,226$1,421$878$528$312$197
40 years$2,146$1,352$823$487$283$176
41 years$2,071$1,287$772$450$257$157
42 years$1,999$1,226$724$415$233$141
43 years$1,930$1,168$679$383$211$126
44 years$1,865$1,113$638$354$192$113
45 years$1,803$1,062$599$327$174$101
46 years$1,744$1,013$562$302$158$90
47 years$1,688$967$528$279$144$81
48 years$1,634$923$496$258$130$72
49 years$1,582$881$467$238$118$65
50 years$1,533$842$439$220$108$58

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 $3,101 every year, while hoping to spend $35,681 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: 72/8/20 Blend
41$1,570,000$1,570,000$1,570,000$1,570,000
42$1,733,339$1,650,129$1,625,794$1,849,562
43$1,872,175$1,693,021$1,642,293$1,970,190
44$2,023,977$1,736,819$1,658,150$2,097,689
45$2,190,028$1,781,529$1,673,304$2,236,430
46$2,371,745$1,827,158$1,687,694$2,387,521
47$2,570,685$1,873,710$1,701,253$2,552,188
48$2,788,562$1,921,189$1,713,913$2,731,775
49$3,027,266$1,969,598$1,725,600$2,927,768
50$3,288,878$2,018,939$1,736,238$3,141,802
51$3,575,689$2,069,212$1,745,747$3,375,678
52$3,890,221$2,120,416$1,754,041$3,631,381
53$4,235,255$2,172,547$1,761,033$3,911,098
54$4,613,851$2,225,603$1,766,628$4,217,238
55$5,029,383$2,279,576$1,770,729$4,552,455
56$5,485,563$2,334,458$1,773,231$4,919,676
57$5,986,484$2,390,240$1,774,028$5,322,123
58$6,536,653$2,446,910$1,773,006$5,763,348
59$7,141,035$2,504,452$1,770,045$6,247,266
60$7,805,099$2,562,849$1,765,020$6,778,189
61$8,534,872$2,622,081$1,757,802$7,360,869
62$9,336,992$2,682,126$1,748,251$8,000,544
63$10,218,773$2,742,958$1,736,225$8,702,984
64$11,188,271$2,804,546$1,721,572$9,474,549
65$12,254,365$2,866,859$1,704,134$10,322,248
66$13,426,834$2,929,859$1,683,747$11,253,804
67$14,716,454$2,993,505$1,660,235$12,277,727
68$16,135,099$3,057,753$1,633,419$13,403,397
69$17,695,848$3,122,552$1,603,108$14,641,149
70$19,413,116$3,187,848$1,569,103$16,002,373
71$21,302,782$3,253,581$1,531,196$17,499,623
72$23,382,343$3,319,685$1,489,169$19,146,730
73$25,671,081$3,386,088$1,442,795$20,958,940
74$28,190,238$3,452,712$1,391,835$22,953,053
75$30,963,220$3,519,474$1,336,040$25,147,581
76$34,015,821$3,586,280$1,275,150$27,562,928
77$37,376,459$3,653,032$1,208,892$30,221,579
78$41,076,450$3,719,622$1,136,981$33,148,312
79$45,150,298$3,785,935$1,059,121$36,370,435
80$49,636,027$3,851,844$975,000$39,918,042
81$54,575,533$3,917,215$884,293$43,824,297
82$60,014,982$3,981,903$786,662$48,125,749
83$66,005,246$4,045,753$681,751$52,862,674
84$72,602,383$4,108,596$569,191$58,079,462
85$79,868,162$4,170,254$448,596$63,825,027
86$87,870,652$4,230,533$319,561$70,153,280
87$96,684,857$4,289,229$181,665$77,123,627
88$106,393,431$4,346,119$34,469$84,801,540
89$117,087,451$4,400,968$0$93,259,169
90$128,867,280$4,453,525$0$102,602,193
91$141,843,514$4,503,520$0$112,901,622
92$156,138,025$4,550,665$0$124,246,765
93$171,885,111$4,594,654$0$136,744,154
94$189,232,760$4,635,160$0$150,511,181
95$208,344,054$4,671,835$0$165,677,210
96$229,398,701$4,704,309$0$182,384,799
97$252,594,733$4,732,185$0$200,791,039
98$278,150,379$4,755,044$0$221,069,046
99$306,306,115$4,772,440$0$243,409,586
100$337,326,946$4,783,896$0$268,022,882