Can I retire at age 42 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$132,952$131,768$130,613$129,485$128,384$126,361
2 years$65,818$64,592$63,404$62,252$61,135$59,102
3 years$43,443$42,212$41,027$39,886$38,787$36,807
4 years$32,257$31,030$29,857$28,735$27,663$25,752
5 years$25,548$24,328$23,170$22,072$21,029$19,192
6 years$21,076$19,866$18,725$17,651$16,639$14,879
7 years$17,884$16,683$15,561$14,512$13,532$11,849
8 years$15,490$14,300$13,197$12,173$11,226$9,619
9 years$13,630$12,451$11,366$10,369$9,454$7,923
10 years$12,142$10,975$9,909$8,938$8,055$6,598
11 years$10,926$9,770$8,724$7,779$6,928$5,544
12 years$9,913$8,769$7,742$6,823$6,004$4,691
13 years$9,056$7,925$6,917$6,024$5,235$3,992
14 years$8,323$7,204$6,215$5,347$4,589$3,413
15 years$7,688$6,581$5,611$4,769$4,041$2,930
16 years$7,133$6,038$5,088$4,270$3,571$2,523
17 years$6,644$5,560$4,630$3,837$3,166$2,179
18 years$6,209$5,138$4,226$3,458$2,815$1,886
19 years$5,821$4,762$3,869$3,124$2,509$1,636
20 years$5,472$4,425$3,551$2,830$2,242$1,421
21 years$5,157$4,122$3,266$2,568$2,006$1,237
22 years$4,870$3,847$3,010$2,335$1,798$1,077
23 years$4,609$3,598$2,779$2,126$1,614$940
24 years$4,370$3,372$2,570$1,939$1,451$820
25 years$4,151$3,164$2,381$1,771$1,305$717
26 years$3,949$2,974$2,208$1,619$1,176$627
27 years$3,762$2,799$2,050$1,482$1,060$548
28 years$3,588$2,637$1,906$1,358$957$480
29 years$3,427$2,488$1,774$1,245$864$420
30 years$3,277$2,349$1,652$1,143$780$368
31 years$3,137$2,221$1,540$1,050$706$323
32 years$3,006$2,102$1,437$965$638$283
33 years$2,883$1,990$1,342$887$578$248
34 years$2,768$1,886$1,254$816$523$218
35 years$2,659$1,789$1,172$751$474$191
36 years$2,557$1,698$1,096$692$429$168
37 years$2,461$1,613$1,026$638$389$147
38 years$2,369$1,533$961$588$353$129
39 years$2,283$1,457$900$542$320$113
40 years$2,201$1,387$844$500$290$100
41 years$2,123$1,320$791$461$263$87
42 years$2,050$1,257$742$426$239$77
43 years$1,980$1,198$697$393$217$67
44 years$1,913$1,142$654$363$197$59
45 years$1,849$1,089$614$335$179$52
46 years$1,789$1,039$577$309$162$46
47 years$1,731$991$542$286$147$40
48 years$1,675$946$509$264$134$35
49 years$1,623$904$479$244$121$31
50 years$1,572$863$450$226$110$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,610,000, adding $3,218 every year, while hoping to spend $42,857 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: 30/42/28 Blend
41$1,610,000$1,610,000$1,610,000$1,610,000
42$1,777,539$1,692,209$1,667,254$1,815,477
43$1,913,249$1,729,528$1,677,508$1,882,714
44$2,061,364$1,767,239$1,686,668$1,951,034
45$2,223,106$1,805,316$1,694,654$2,023,682
46$2,399,817$1,843,731$1,701,379$2,101,066
47$2,592,976$1,882,451$1,706,753$2,183,635
48$2,804,211$1,921,443$1,710,681$2,271,883
49$3,035,315$1,960,668$1,713,063$2,366,359
50$3,288,261$2,000,085$1,713,795$2,467,666
51$3,565,223$2,039,649$1,712,767$2,576,471
52$3,868,595$2,079,310$1,709,863$2,693,511
53$4,201,011$2,119,016$1,704,963$2,819,598
54$4,565,375$2,158,709$1,697,940$2,955,631
55$4,964,884$2,198,326$1,688,662$3,102,601
56$5,403,059$2,237,801$1,676,989$3,261,602
57$5,883,778$2,277,060$1,662,775$3,433,841
58$6,411,313$2,316,026$1,645,868$3,620,653
59$6,990,370$2,354,613$1,626,107$3,823,510
60$7,626,130$2,392,733$1,603,324$4,044,038
61$8,324,305$2,430,286$1,577,345$4,284,029
62$9,091,184$2,467,169$1,547,986$4,545,465
63$9,933,694$2,503,271$1,515,053$4,830,531
64$10,859,470$2,538,470$1,478,346$5,141,641
65$11,876,920$2,572,639$1,437,655$5,481,455
66$12,995,308$2,605,641$1,392,759$5,852,914
67$14,224,841$2,637,328$1,343,427$6,259,260
68$15,576,762$2,667,544$1,289,419$6,704,072
69$17,063,460$2,696,122$1,230,483$7,191,300
70$18,698,584$2,722,883$1,166,356$7,725,300
71$20,497,172$2,747,638$1,096,761$8,310,881
72$22,475,794$2,770,181$1,021,412$8,953,348
73$24,652,704$2,790,299$940,009$9,658,556
74$27,048,016$2,807,761$852,236$10,432,960
75$29,683,894$2,822,321$757,766$11,283,686
76$32,584,756$2,833,720$656,256$12,218,592
77$35,777,509$2,841,680$547,348$13,246,350
78$39,291,799$2,845,906$430,669$14,376,522
79$43,160,294$2,846,087$305,828$15,619,657
80$47,418,989$2,841,890$172,417$16,987,392
81$52,107,545$2,832,963$30,013$18,492,560
82$57,269,667$2,818,929$0$20,149,317
83$62,953,510$2,799,394$0$22,009,711
84$69,212,139$2,773,935$0$24,066,461
85$76,104,025$2,742,106$0$26,329,722
86$83,693,599$2,703,433$0$28,820,588
87$92,051,859$2,657,414$0$31,562,307
88$101,257,039$2,603,518$0$34,580,507
89$111,395,349$2,541,182$0$37,903,441
90$122,561,783$2,469,809$0$41,562,250
91$134,861,024$2,388,768$0$45,591,262
92$148,408,422$2,297,391$0$50,028,317
93$163,331,089$2,194,972$0$54,915,124
94$179,769,096$2,080,761$0$60,297,661
95$197,876,794$1,953,969$0$66,226,605
96$217,824,272$1,813,758$0$72,757,819
97$239,798,960$1,659,245$0$79,952,874
98$264,007,400$1,489,493$0$87,879,641
99$290,677,192$1,303,515$0$96,612,927
100$320,059,145$1,100,268$0$106,235,187