Can I retire at age 42 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$131,301$130,131$128,990$127,876$126,789$121,951
2 years$65,000$63,790$62,617$61,479$60,376$55,559
3 years$42,903$41,687$40,517$39,390$38,305$33,660
4 years$31,857$30,645$29,486$28,378$27,319$22,882
5 years$25,231$24,026$22,882$21,797$20,768$16,550
6 years$20,815$19,619$18,492$17,432$16,433$12,437
7 years$17,662$16,476$15,367$14,331$13,364$9,589
8 years$15,298$14,123$13,033$12,022$11,087$7,529
9 years$13,460$12,296$11,225$10,240$9,337$5,991
10 years$11,991$10,839$9,786$8,827$7,955$4,815
11 years$10,790$9,649$8,616$7,682$6,842$3,901
12 years$9,790$8,661$7,646$6,738$5,929$3,179
13 years$8,944$7,827$6,831$5,949$5,170$2,603
14 years$8,220$7,114$6,138$5,281$4,532$2,140
15 years$7,593$6,499$5,542$4,710$3,991$1,765
16 years$7,044$5,963$5,024$4,217$3,527$1,459
17 years$6,561$5,491$4,572$3,789$3,127$1,209
18 years$6,132$5,074$4,174$3,415$2,781$1,004
19 years$5,749$4,703$3,821$3,085$2,478$834
20 years$5,404$4,370$3,507$2,794$2,214$694
21 years$5,092$4,071$3,225$2,536$1,981$578
22 years$4,810$3,800$2,973$2,306$1,776$482
23 years$4,552$3,554$2,745$2,100$1,594$402
24 years$4,316$3,330$2,538$1,915$1,433$335
25 years$4,099$3,125$2,351$1,749$1,289$280
26 years$3,900$2,937$2,180$1,599$1,161$234
27 years$3,715$2,764$2,025$1,464$1,047$195
28 years$3,544$2,604$1,882$1,341$945$163
29 years$3,385$2,457$1,752$1,230$853$136
30 years$3,237$2,320$1,632$1,129$771$114
31 years$3,098$2,193$1,521$1,037$697$95
32 years$2,969$2,075$1,419$953$630$80
33 years$2,847$1,965$1,325$876$570$67
34 years$2,734$1,863$1,238$806$517$56
35 years$2,626$1,767$1,158$742$468$47
36 years$2,525$1,677$1,083$683$424$39
37 years$2,430$1,593$1,014$630$384$33
38 years$2,340$1,514$949$580$348$27
39 years$2,255$1,439$889$535$316$23
40 years$2,174$1,369$833$494$286$19
41 years$2,097$1,304$782$455$260$16
42 years$2,024$1,241$733$420$236$13
43 years$1,955$1,183$688$388$214$11
44 years$1,889$1,128$646$358$194$9
45 years$1,826$1,075$606$331$176$8
46 years$1,766$1,026$569$306$160$7
47 years$1,709$979$535$282$145$5
48 years$1,655$934$503$261$132$5
49 years$1,602$892$473$241$120$4
50 years$1,552$852$444$223$109$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,590,000, adding $4,277 every year, while hoping to spend $41,300 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: 54/32/14 Blend
41$1,590,000$1,590,000$1,590,000$1,590,000
42$1,756,592$1,672,322$1,647,677$1,844,747
43$1,891,821$1,710,323$1,658,931$1,943,252
44$2,039,460$1,748,801$1,669,178$2,045,613
45$2,200,730$1,787,738$1,678,341$2,156,085
46$2,376,977$1,827,109$1,686,337$2,275,450
47$2,569,681$1,866,891$1,693,083$2,404,570
48$2,780,475$1,907,055$1,698,487$2,544,391
49$3,011,153$1,947,570$1,702,456$2,695,959
50$3,263,693$1,988,403$1,704,891$2,860,426
51$3,540,273$2,029,518$1,705,688$3,039,059
52$3,843,289$2,070,873$1,704,737$3,233,256
53$4,175,384$2,112,424$1,701,924$3,444,558
54$4,539,464$2,154,124$1,697,130$3,674,662
55$4,938,733$2,195,921$1,690,228$3,925,438
56$5,376,720$2,237,757$1,681,087$4,198,947
57$5,857,310$2,279,571$1,669,567$4,497,462
58$6,384,783$2,321,298$1,655,526$4,823,487
59$6,963,855$2,362,865$1,638,809$5,179,782
60$7,599,718$2,404,195$1,619,259$5,569,388
61$8,298,094$2,445,205$1,596,709$5,995,658
62$9,065,285$2,485,806$1,570,984$6,462,287
63$9,908,234$2,525,901$1,541,903$6,973,349
64$10,834,591$2,565,386$1,509,273$7,533,333
65$11,852,780$2,604,152$1,472,895$8,147,187
66$12,972,087$2,642,078$1,432,560$8,820,366
67$14,202,738$2,679,038$1,388,049$9,558,881
68$15,556,002$2,714,896$1,339,133$10,369,360
69$17,044,293$2,749,504$1,285,573$11,259,107
70$18,681,289$2,782,709$1,227,118$12,236,173
71$20,482,061$2,814,342$1,163,507$13,309,432
72$22,463,214$2,844,227$1,094,467$14,488,668
73$24,643,041$2,872,173$1,019,711$15,784,660
74$27,041,701$2,897,980$938,941$17,209,296
75$29,681,403$2,921,430$851,845$18,775,673
76$32,586,621$2,942,295$758,097$20,498,232
77$35,784,320$2,960,330$657,356$22,392,887
78$39,304,210$2,975,276$549,267$24,477,180
79$43,179,031$2,986,856$433,459$26,770,449
80$47,444,856$2,994,776$309,543$29,294,004
81$52,141,434$2,998,723$177,116$32,071,337
82$57,312,565$2,998,365$35,754$35,128,339
83$63,006,512$2,993,350$0$38,493,549
84$69,276,455$2,983,303$0$42,215,617
85$76,180,996$2,967,827$0$46,318,834
86$83,784,707$2,946,501$0$50,836,139
87$92,158,745$2,918,877$0$55,809,725
88$101,381,516$2,884,481$0$61,286,091
89$111,539,422$2,842,811$0$67,316,482
90$122,727,669$2,793,335$0$73,957,377
91$135,051,170$2,735,488$0$81,271,017
92$148,625,536$2,668,673$0$89,325,997
93$163,578,159$2,592,257$0$98,197,914
94$180,049,424$2,505,570$0$107,970,084
95$198,194,026$2,407,904$0$118,734,323
96$218,182,434$2,298,508$0$130,591,822
97$240,202,497$2,176,589$0$143,654,099
98$264,461,218$2,041,309$0$158,044,056
99$291,186,707$1,891,778$0$173,897,139
100$320,630,336$1,727,060$0$191,362,616