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

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$132,127$130,950$129,801$128,681$127,586$124,755
2 years$65,409$64,191$63,010$61,866$60,755$57,918
3 years$43,173$41,950$40,772$39,638$38,546$35,790
4 years$32,057$30,837$29,671$28,557$27,491$24,839
5 years$25,389$24,177$23,026$21,934$20,898$18,357
6 years$20,945$19,742$18,609$17,541$16,536$14,109
7 years$17,773$16,579$15,464$14,422$13,448$11,135
8 years$15,394$14,212$13,115$12,098$11,157$8,956
9 years$13,545$12,374$11,296$10,305$9,396$7,306
10 years$12,067$10,907$9,848$8,883$8,005$6,026
11 years$10,858$9,710$8,670$7,731$6,885$5,012
12 years$9,851$8,715$7,694$6,781$5,966$4,197
13 years$9,000$7,876$6,874$5,986$5,203$3,534
14 years$8,271$7,159$6,177$5,314$4,561$2,989
15 years$7,640$6,540$5,577$4,739$4,016$2,537
16 years$7,089$6,000$5,056$4,243$3,549$2,161
17 years$6,602$5,526$4,601$3,813$3,147$1,845
18 years$6,171$5,106$4,200$3,436$2,798$1,578
19 years$5,785$4,732$3,845$3,105$2,494$1,353
20 years$5,438$4,398$3,529$2,812$2,228$1,161
21 years$5,124$4,096$3,246$2,552$1,993$998
22 years$4,840$3,824$2,991$2,320$1,787$859
23 years$4,581$3,576$2,762$2,113$1,604$740
24 years$4,343$3,351$2,554$1,927$1,442$638
25 years$4,125$3,144$2,366$1,760$1,297$550
26 years$3,924$2,955$2,194$1,609$1,169$475
27 years$3,738$2,781$2,038$1,473$1,054$410
28 years$3,566$2,621$1,894$1,350$951$355
29 years$3,406$2,472$1,763$1,238$858$307
30 years$3,257$2,335$1,642$1,136$776$265
31 years$3,118$2,207$1,531$1,043$701$229
32 years$2,987$2,088$1,428$959$634$198
33 years$2,865$1,978$1,333$882$574$172
34 years$2,751$1,875$1,246$811$520$149
35 years$2,643$1,778$1,165$747$471$129
36 years$2,541$1,688$1,090$688$427$111
37 years$2,445$1,603$1,020$634$387$96
38 years$2,355$1,523$955$584$350$83
39 years$2,269$1,448$895$539$318$72
40 years$2,187$1,378$839$497$288$63
41 years$2,110$1,312$786$458$262$54
42 years$2,037$1,249$738$423$237$47
43 years$1,967$1,190$692$390$215$41
44 years$1,901$1,135$650$361$195$35
45 years$1,838$1,082$610$333$177$31
46 years$1,778$1,032$573$308$161$26
47 years$1,720$985$538$284$146$23
48 years$1,665$940$506$263$133$20
49 years$1,612$898$476$243$121$17
50 years$1,562$858$447$224$110$15

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 $2,357 every year, while hoping to spend $49,259 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: 64/9/27 Blend
41$1,600,000$1,600,000$1,600,000$1,600,000
42$1,765,631$1,680,831$1,656,031$1,865,867
43$1,893,314$1,710,781$1,659,097$1,963,921
44$2,032,370$1,740,547$1,660,615$2,065,358
45$2,183,907$1,770,069$1,660,480$2,175,117
46$2,349,144$1,799,280$1,658,585$2,294,023
47$2,529,423$1,828,111$1,654,814$2,422,982
48$2,726,221$1,856,486$1,649,047$2,562,997
49$2,941,165$1,884,323$1,641,160$2,715,172
50$3,176,045$1,911,536$1,631,019$2,880,724
51$3,432,831$1,938,031$1,618,488$3,060,996
52$3,713,694$1,963,708$1,603,421$3,257,470
53$4,021,022$1,988,461$1,585,667$3,471,776
54$4,357,446$2,012,176$1,565,067$3,705,717
55$4,725,863$2,034,730$1,541,454$3,961,278
56$5,129,464$2,055,994$1,514,656$4,240,648
57$5,571,761$2,075,830$1,484,488$4,546,240
58$6,056,623$2,094,088$1,450,762$4,880,717
59$6,588,313$2,110,613$1,413,276$5,247,014
60$7,171,524$2,125,235$1,371,823$5,648,368
61$7,811,424$2,137,777$1,326,185$6,088,346
62$8,513,710$2,148,048$1,276,132$6,570,884
63$9,284,652$2,155,847$1,221,426$7,100,319
64$10,131,161$2,160,957$1,161,818$7,681,435
65$11,060,847$2,163,152$1,097,047$8,319,507
66$12,082,094$2,162,187$1,026,839$9,020,347
67$13,204,140$2,157,807$950,910$9,790,368
68$14,437,159$2,149,736$868,962$10,636,636
69$15,792,361$2,137,685$780,685$11,566,944
70$17,282,096$2,121,346$685,752$12,589,882
71$18,919,970$2,100,391$583,824$13,714,921
72$20,720,972$2,074,476$474,548$14,952,503
73$22,701,619$2,043,233$357,553$16,314,136
74$24,880,105$2,006,273$232,452$17,812,510
75$27,276,479$1,963,183$98,842$19,461,613
76$29,912,829$1,913,528$0$21,276,866
77$32,813,492$1,856,846$0$23,287,869
78$36,005,284$1,792,648$0$25,531,966
79$39,517,751$1,720,415$0$28,001,440
80$43,383,447$1,639,601$0$30,719,198
81$47,638,243$1,549,625$0$33,710,484
82$52,321,663$1,449,876$0$37,003,115
83$57,477,258$1,339,705$0$40,627,743
84$63,153,015$1,218,428$0$44,618,148
85$69,401,812$1,085,320$0$49,011,553
86$76,281,912$939,616$0$53,848,977
87$83,857,518$780,508$0$59,175,624
88$92,199,373$607,141$0$65,041,306
89$101,385,431$418,614$0$71,500,915
90$111,501,592$213,973$0$78,614,944
91$122,642,509$0$0$86,450,053
92$134,912,484$0$0$95,080,473
93$148,426,450$0$0$104,609,379
94$163,311,057$0$0$115,104,900
95$179,705,864$0$0$126,665,464
96$197,764,660$0$0$139,399,531
97$217,656,910$0$0$153,426,619
98$239,569,358$0$0$168,878,433
99$263,707,786$0$0$185,900,105
100$290,298,957$0$0$204,651,563