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%11.7%
1 years$132,127$130,950$129,801$128,681$127,586$126,676
2 years$65,409$64,191$63,010$61,866$60,755$59,838
3 years$43,173$41,950$40,772$39,638$38,546$37,649
4 years$32,057$30,837$29,671$28,557$27,491$26,622
5 years$25,389$24,177$23,026$21,934$20,898$20,059
6 years$20,945$19,742$18,609$17,541$16,536$15,728
7 years$17,773$16,579$15,464$14,422$13,448$12,672
8 years$15,394$14,212$13,115$12,098$11,157$10,412
9 years$13,545$12,374$11,296$10,305$9,396$8,683
10 years$12,067$10,907$9,848$8,883$8,005$7,324
11 years$10,858$9,710$8,670$7,731$6,885$6,234
12 years$9,851$8,715$7,694$6,781$5,966$5,346
13 years$9,000$7,876$6,874$5,986$5,203$4,611
14 years$8,271$7,159$6,177$5,314$4,561$3,998
15 years$7,640$6,540$5,577$4,739$4,016$3,481
16 years$7,089$6,000$5,056$4,243$3,549$3,042
17 years$6,602$5,526$4,601$3,813$3,147$2,666
18 years$6,171$5,106$4,200$3,436$2,798$2,342
19 years$5,785$4,732$3,845$3,105$2,494$2,063
20 years$5,438$4,398$3,529$2,812$2,228$1,820
21 years$5,124$4,096$3,246$2,552$1,993$1,609
22 years$4,840$3,824$2,991$2,320$1,787$1,424
23 years$4,581$3,576$2,762$2,113$1,604$1,262
24 years$4,343$3,351$2,554$1,927$1,442$1,120
25 years$4,125$3,144$2,366$1,760$1,297$995
26 years$3,924$2,955$2,194$1,609$1,169$884
27 years$3,738$2,781$2,038$1,473$1,054$787
28 years$3,566$2,621$1,894$1,350$951$701
29 years$3,406$2,472$1,763$1,238$858$624
30 years$3,257$2,335$1,642$1,136$776$556
31 years$3,118$2,207$1,531$1,043$701$496
32 years$2,987$2,088$1,428$959$634$443
33 years$2,865$1,978$1,333$882$574$395
34 years$2,751$1,875$1,246$811$520$353
35 years$2,643$1,778$1,165$747$471$315
36 years$2,541$1,688$1,090$688$427$281
37 years$2,445$1,603$1,020$634$387$251
38 years$2,355$1,523$955$584$350$225
39 years$2,269$1,448$895$539$318$201
40 years$2,187$1,378$839$497$288$179
41 years$2,110$1,312$786$458$262$160
42 years$2,037$1,249$738$423$237$143
43 years$1,967$1,190$692$390$215$128
44 years$1,901$1,135$650$361$195$115
45 years$1,838$1,082$610$333$177$103
46 years$1,778$1,032$573$308$161$92
47 years$1,720$985$538$284$146$82
48 years$1,665$940$506$263$133$74
49 years$1,612$898$476$243$121$66
50 years$1,562$858$447$224$110$59

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 $4,193 every year, while hoping to spend $59,056 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: 60/30/10 Blend
41$1,600,000$1,600,000$1,600,000$1,600,000
42$1,767,525$1,682,725$1,657,925$1,869,245
43$1,884,978$1,702,343$1,650,630$1,957,647
44$2,012,431$1,720,944$1,641,112$2,046,946
45$2,150,843$1,738,414$1,629,233$2,142,896
46$2,301,267$1,754,634$1,614,851$2,246,141
47$2,464,861$1,769,477$1,597,814$2,357,392
48$2,642,902$1,782,806$1,577,965$2,477,434
49$2,836,792$1,794,477$1,555,141$2,607,131
50$3,048,074$1,804,336$1,529,167$2,747,438
51$3,278,448$1,812,219$1,499,865$2,899,408
52$3,529,783$1,817,951$1,467,044$3,064,204
53$3,804,138$1,821,348$1,430,507$3,243,107
54$4,103,778$1,822,212$1,390,047$3,437,534
55$4,431,197$1,820,334$1,345,447$3,649,044
56$4,789,141$1,815,493$1,296,482$3,879,360
57$5,180,634$1,807,452$1,242,914$4,130,383
58$5,609,003$1,795,961$1,184,496$4,404,209
59$6,077,914$1,780,756$1,120,970$4,703,152
60$6,591,403$1,761,555$1,052,064$5,029,765
61$7,153,914$1,738,060$977,496$5,386,862
62$7,770,343$1,709,954$896,972$5,777,552
63$8,446,079$1,676,903$810,181$6,205,260
64$9,187,060$1,638,552$716,803$6,673,769
65$9,999,824$1,594,525$616,500$7,187,248
66$10,891,575$1,544,425$508,922$7,750,299
67$11,870,245$1,487,831$393,700$8,367,998
68$12,944,572$1,424,298$270,451$9,045,941
69$14,124,184$1,353,353$138,776$9,790,306
70$15,419,682$1,274,499$0$10,607,903
71$16,842,748$1,187,209$0$11,506,431
72$18,406,251$1,090,924$0$12,509,804
73$20,124,365$985,056$0$13,612,387
74$22,012,708$868,981$0$14,824,310
75$24,088,486$742,043$0$16,156,742
76$26,370,652$603,544$0$17,621,997
77$28,880,092$452,751$0$19,233,651
78$31,639,813$288,888$0$21,006,674
79$34,675,166$111,134$0$22,957,569
80$38,014,079$0$0$25,104,530
81$41,687,325$0$0$27,494,480
82$45,728,811$0$0$30,164,531
83$50,175,894$0$0$33,102,695
84$55,069,735$0$0$36,336,184
85$60,455,690$0$0$39,894,985
86$66,383,730$0$0$43,812,139
87$72,908,919$0$0$48,124,049
88$80,091,930$0$0$52,870,831
89$87,999,617$0$0$58,096,686
90$96,705,645$0$0$63,850,319
91$106,291,184$0$0$70,185,397
92$116,845,678$0$0$77,161,057
93$128,467,684$0$0$84,842,462
94$141,265,801$0$0$93,301,415
95$155,359,701$0$0$102,617,041
96$170,881,250$0$0$112,876,525
97$187,975,754$0$0$124,175,941
98$206,803,334$0$0$136,621,157
99$227,540,429$0$0$150,328,832
100$250,381,467$0$0$165,427,519