Can I retire at age 42 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$132,127$130,950$129,801$128,681$127,586$125,732
2 years$65,409$64,191$63,010$61,866$60,755$58,891
3 years$43,173$41,950$40,772$39,638$38,546$36,729
4 years$32,057$30,837$29,671$28,557$27,491$25,736
5 years$25,389$24,177$23,026$21,934$20,898$19,211
6 years$20,945$19,742$18,609$17,541$16,536$14,918
7 years$17,773$16,579$15,464$14,422$13,448$11,899
8 years$15,394$14,212$13,115$12,098$11,157$9,677
9 years$13,545$12,374$11,296$10,305$9,396$7,985
10 years$12,067$10,907$9,848$8,883$8,005$6,662
11 years$10,858$9,710$8,670$7,731$6,885$5,608
12 years$9,851$8,715$7,694$6,781$5,966$4,754
13 years$9,000$7,876$6,874$5,986$5,203$4,054
14 years$8,271$7,159$6,177$5,314$4,561$3,473
15 years$7,640$6,540$5,577$4,739$4,016$2,987
16 years$7,089$6,000$5,056$4,243$3,549$2,578
17 years$6,602$5,526$4,601$3,813$3,147$2,231
18 years$6,171$5,106$4,200$3,436$2,798$1,935
19 years$5,785$4,732$3,845$3,105$2,494$1,682
20 years$5,438$4,398$3,529$2,812$2,228$1,465
21 years$5,124$4,096$3,246$2,552$1,993$1,278
22 years$4,840$3,824$2,991$2,320$1,787$1,116
23 years$4,581$3,576$2,762$2,113$1,604$975
24 years$4,343$3,351$2,554$1,927$1,442$853
25 years$4,125$3,144$2,366$1,760$1,297$747
26 years$3,924$2,955$2,194$1,609$1,169$655
27 years$3,738$2,781$2,038$1,473$1,054$575
28 years$3,566$2,621$1,894$1,350$951$504
29 years$3,406$2,472$1,763$1,238$858$443
30 years$3,257$2,335$1,642$1,136$776$389
31 years$3,118$2,207$1,531$1,043$701$342
32 years$2,987$2,088$1,428$959$634$300
33 years$2,865$1,978$1,333$882$574$264
34 years$2,751$1,875$1,246$811$520$232
35 years$2,643$1,778$1,165$747$471$204
36 years$2,541$1,688$1,090$688$427$180
37 years$2,445$1,603$1,020$634$387$158
38 years$2,355$1,523$955$584$350$139
39 years$2,269$1,448$895$539$318$122
40 years$2,187$1,378$839$497$288$108
41 years$2,110$1,312$786$458$262$95
42 years$2,037$1,249$738$423$237$84
43 years$1,967$1,190$692$390$215$74
44 years$1,901$1,135$650$361$195$65
45 years$1,838$1,082$610$333$177$57
46 years$1,778$1,032$573$308$161$50
47 years$1,720$985$538$284$146$44
48 years$1,665$940$506$263$133$39
49 years$1,612$898$476$243$121$34
50 years$1,562$858$447$224$110$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,600,000, adding $3,196 every year, while hoping to spend $44,970 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: 40/39/21 Blend
41$1,600,000$1,600,000$1,600,000$1,600,000
42$1,766,497$1,681,697$1,656,897$1,826,055
43$1,898,832$1,716,252$1,664,555$1,903,611
44$2,043,157$1,750,993$1,670,963$1,982,934
45$2,200,650$1,785,883$1,676,030$2,067,834
46$2,372,603$1,820,878$1,679,664$2,158,844
47$2,560,441$1,855,933$1,681,765$2,256,551
48$2,765,732$1,891,000$1,682,231$2,361,605
49$2,990,203$1,926,025$1,680,952$2,474,722
50$3,235,755$1,960,951$1,677,814$2,596,690
51$3,504,480$1,995,716$1,672,699$2,728,382
52$3,798,683$2,030,253$1,665,481$2,870,759
53$4,120,903$2,064,489$1,656,029$3,024,881
54$4,473,934$2,098,348$1,644,205$3,191,921
55$4,860,854$2,131,746$1,629,864$3,373,168
56$5,285,053$2,164,593$1,612,857$3,570,048
57$5,750,265$2,196,795$1,593,024$3,784,134
58$6,260,602$2,228,248$1,570,200$4,017,161
59$6,820,593$2,258,841$1,544,211$4,271,041
60$7,435,227$2,288,459$1,514,876$4,547,888
61$8,110,001$2,316,974$1,482,005$4,850,031
62$8,850,968$2,344,252$1,445,399$5,180,040
63$9,664,796$2,370,150$1,404,849$5,540,752
64$10,558,832$2,394,514$1,360,139$5,935,294
65$11,541,169$2,417,181$1,311,040$6,367,119
66$12,620,722$2,437,977$1,257,314$6,840,033
67$13,807,315$2,456,716$1,198,712$7,358,237
68$15,111,766$2,473,201$1,134,974$7,926,362
69$16,545,999$2,487,221$1,065,829$8,549,520
70$18,123,148$2,498,552$990,991$9,233,346
71$19,857,685$2,506,956$910,165$9,984,059
72$21,765,552$2,512,180$823,038$10,808,515
73$23,864,316$2,513,955$729,288$11,714,278
74$26,173,333$2,511,996$628,576$12,709,689
75$28,713,928$2,505,998$520,548$13,803,947
76$31,509,597$2,495,641$404,835$15,007,199
77$34,586,230$2,480,581$281,051$16,330,634
78$37,972,354$2,460,458$148,795$17,786,589
79$41,699,399$2,434,885$7,644$19,388,673
80$45,801,999$2,403,457$0$21,151,890
81$50,318,317$2,365,740$0$23,124,825
82$55,290,401$2,321,277$0$25,297,594
83$60,764,586$2,269,583$0$27,688,708
84$66,791,926$2,210,145$0$30,320,461
85$73,428,680$2,142,419$0$33,217,428
86$80,736,837$2,065,830$0$36,406,698
87$88,784,708$1,979,769$0$39,918,133
88$97,647,562$1,883,591$0$43,784,646
89$107,408,341$1,776,615$0$48,042,519
90$118,158,443$1,658,121$0$52,731,744
91$129,998,580$1,527,345$0$57,896,404
92$143,039,733$1,383,482$0$63,585,086
93$157,404,194$1,225,681$0$69,851,348
94$173,226,724$1,053,042$0$76,754,224
95$190,655,822$864,613$0$84,358,783
96$209,855,128$659,390$0$92,736,743
97$231,004,963$436,313$0$101,967,157
98$254,304,037$194,260$0$112,137,155
99$279,971,318$0$0$123,342,773
100$308,248,102$0$0$135,719,025