Can I retire at age 42 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$130,475$129,313$128,179$127,072$125,991$123,853
2 years$64,592$63,389$62,223$61,092$59,996$57,848
3 years$42,633$41,425$40,262$39,142$38,064$35,974
4 years$31,656$30,452$29,301$28,200$27,147$25,131
5 years$25,072$23,875$22,738$21,660$20,637$18,700
6 years$20,684$19,495$18,376$17,322$16,329$14,474
7 years$17,550$16,372$15,271$14,241$13,280$11,507
8 years$15,202$14,034$12,951$11,947$11,017$9,325
9 years$13,376$12,219$11,154$10,176$9,278$7,667
10 years$11,916$10,771$9,725$8,772$7,905$6,374
11 years$10,722$9,588$8,561$7,634$6,799$5,345
12 years$9,728$8,606$7,598$6,696$5,892$4,514
13 years$8,888$7,777$6,788$5,912$5,138$3,834
14 years$8,168$7,069$6,099$5,248$4,504$3,271
15 years$7,545$6,458$5,507$4,680$3,965$2,802
16 years$7,000$5,925$4,993$4,190$3,505$2,408
17 years$6,520$5,457$4,543$3,765$3,107$2,075
18 years$6,093$5,042$4,147$3,393$2,763$1,792
19 years$5,712$4,673$3,797$3,066$2,463$1,551
20 years$5,370$4,343$3,484$2,777$2,200$1,345
21 years$5,060$4,045$3,205$2,520$1,969$1,167
22 years$4,779$3,776$2,954$2,291$1,765$1,015
23 years$4,523$3,531$2,727$2,087$1,584$883
24 years$4,289$3,309$2,522$1,903$1,424$769
25 years$4,073$3,105$2,336$1,738$1,281$670
26 years$3,875$2,918$2,167$1,589$1,154$585
27 years$3,692$2,746$2,012$1,455$1,040$510
28 years$3,521$2,588$1,870$1,333$939$446
29 years$3,363$2,441$1,741$1,222$848$389
30 years$3,216$2,306$1,621$1,122$766$340
31 years$3,079$2,180$1,512$1,030$692$298
32 years$2,950$2,062$1,410$947$626$260
33 years$2,830$1,953$1,317$871$567$228
34 years$2,716$1,851$1,230$801$513$199
35 years$2,610$1,756$1,150$737$465$174
36 years$2,509$1,666$1,076$679$421$153
37 years$2,415$1,583$1,007$626$382$134
38 years$2,325$1,504$943$577$346$117
39 years$2,240$1,430$884$532$314$102
40 years$2,160$1,361$828$491$285$90
41 years$2,084$1,295$777$453$258$79
42 years$2,012$1,234$728$418$234$69
43 years$1,943$1,175$684$386$213$60
44 years$1,877$1,120$642$356$193$53
45 years$1,815$1,068$603$329$175$46
46 years$1,755$1,019$566$304$159$41
47 years$1,699$973$532$281$144$36
48 years$1,644$929$500$259$131$31
49 years$1,592$887$470$240$119$27
50 years$1,543$847$441$221$108$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,580,000, adding $5,498 every year, while hoping to spend $24,106 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: 38/42/20 Blend
41$1,580,000$1,580,000$1,580,000$1,580,000
42$1,746,831$1,663,091$1,638,601$1,802,552
43$1,899,359$1,718,934$1,667,846$1,899,141
44$2,066,637$1,776,705$1,697,262$2,000,777
45$2,250,145$1,836,474$1,726,830$2,110,122
46$2,451,510$1,898,312$1,756,530$2,227,886
47$2,672,528$1,962,293$1,786,337$2,354,848
48$2,915,174$2,028,494$1,816,229$2,491,865
49$3,181,628$2,096,996$1,846,178$2,639,878
50$3,474,286$2,167,881$1,876,157$2,799,924
51$3,795,792$2,241,236$1,906,137$2,973,139
52$4,149,056$2,317,150$1,936,086$3,160,777
53$4,537,285$2,395,715$1,965,970$3,364,214
54$4,964,012$2,477,029$1,995,754$3,584,964
55$5,433,128$2,561,190$2,025,398$3,824,693
56$5,948,922$2,648,303$2,054,864$4,085,235
57$6,516,118$2,738,476$2,084,108$4,368,607
58$7,139,920$2,831,820$2,113,084$4,677,028
59$7,826,064$2,928,451$2,141,744$5,012,940
60$8,580,867$3,028,490$2,170,037$5,379,033
61$9,411,292$3,132,062$2,197,910$5,778,265
62$10,325,008$3,239,297$2,225,304$6,213,893
63$11,330,466$3,350,330$2,252,159$6,689,505
64$12,436,979$3,465,302$2,278,412$7,209,049
65$13,654,807$3,584,358$2,303,994$7,776,870
66$14,995,254$3,707,648$2,328,835$8,397,755
67$16,470,779$3,835,332$2,352,860$9,076,976
68$18,095,106$3,967,571$2,375,989$9,820,334
69$19,883,361$4,104,535$2,398,138$10,634,221
70$21,852,207$4,246,401$2,419,219$11,525,676
71$24,020,010$4,393,352$2,439,140$12,502,449
72$26,407,003$4,545,579$2,457,804$13,573,079
73$29,035,483$4,703,278$2,475,106$14,746,968
74$31,930,020$4,866,656$2,490,939$16,034,474
75$35,117,686$5,035,926$2,505,190$17,447,003
76$38,628,315$5,211,311$2,517,739$18,997,123
77$42,494,779$5,393,042$2,528,459$20,698,675
78$46,753,304$5,581,358$2,537,220$22,566,907
79$51,443,806$5,776,510$2,543,882$24,618,616
80$56,610,271$5,978,756$2,548,299$26,872,307
81$62,301,171$6,188,367$2,550,319$29,348,365
82$68,569,917$6,405,624$2,549,782$32,069,246
83$75,475,367$6,630,818$2,546,518$35,059,692
84$83,082,380$6,864,253$2,540,351$38,346,962
85$91,462,426$7,106,245$2,531,097$41,961,084
86$100,694,265$7,357,123$2,518,560$45,935,145
87$110,864,685$7,617,227$2,502,537$50,305,598
88$122,069,326$7,886,914$2,482,815$55,112,605
89$134,413,579$8,166,554$2,459,171$60,400,416
90$148,013,580$8,456,532$2,431,369$66,217,786
91$162,997,311$8,757,247$2,399,165$72,618,435
92$179,505,802$9,069,118$2,362,303$79,661,552
93$197,694,466$9,392,577$2,320,512$87,412,352
94$217,734,565$9,728,076$2,273,513$95,942,695
95$239,814,824$10,076,086$2,221,009$105,331,758
96$264,143,218$10,437,096$2,162,694$115,666,783
97$290,948,926$10,811,614$2,098,245$127,043,901
98$320,484,505$11,200,171$2,027,324$139,569,036
99$353,028,264$11,603,319$1,949,579$153,358,904
100$388,886,899$12,021,633$1,864,642$168,542,113