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

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$132,952$131,768$130,613$129,485$128,384$123,339
2 years$65,818$64,592$63,404$62,252$61,135$56,114
3 years$43,443$42,212$41,027$39,886$38,787$33,948
4 years$32,257$31,030$29,857$28,735$27,663$23,043
5 years$25,548$24,328$23,170$22,072$21,029$16,640
6 years$21,076$19,866$18,725$17,651$16,639$12,484
7 years$17,884$16,683$15,561$14,512$13,532$9,609
8 years$15,490$14,300$13,197$12,173$11,226$7,531
9 years$13,630$12,451$11,366$10,369$9,454$5,981
10 years$12,142$10,975$9,909$8,938$8,055$4,798
11 years$10,926$9,770$8,724$7,779$6,928$3,879
12 years$9,913$8,769$7,742$6,823$6,004$3,155
13 years$9,056$7,925$6,917$6,024$5,235$2,579
14 years$8,323$7,204$6,215$5,347$4,589$2,116
15 years$7,688$6,581$5,611$4,769$4,041$1,741
16 years$7,133$6,038$5,088$4,270$3,571$1,436
17 years$6,644$5,560$4,630$3,837$3,166$1,187
18 years$6,209$5,138$4,226$3,458$2,815$983
19 years$5,821$4,762$3,869$3,124$2,509$815
20 years$5,472$4,425$3,551$2,830$2,242$677
21 years$5,157$4,122$3,266$2,568$2,006$562
22 years$4,870$3,847$3,010$2,335$1,798$468
23 years$4,609$3,598$2,779$2,126$1,614$389
24 years$4,370$3,372$2,570$1,939$1,451$324
25 years$4,151$3,164$2,381$1,771$1,305$270
26 years$3,949$2,974$2,208$1,619$1,176$225
27 years$3,762$2,799$2,050$1,482$1,060$187
28 years$3,588$2,637$1,906$1,358$957$156
29 years$3,427$2,488$1,774$1,245$864$130
30 years$3,277$2,349$1,652$1,143$780$109
31 years$3,137$2,221$1,540$1,050$706$91
32 years$3,006$2,102$1,437$965$638$76
33 years$2,883$1,990$1,342$887$578$63
34 years$2,768$1,886$1,254$816$523$53
35 years$2,659$1,789$1,172$751$474$44
36 years$2,557$1,698$1,096$692$429$37
37 years$2,461$1,613$1,026$638$389$31
38 years$2,369$1,533$961$588$353$26
39 years$2,283$1,457$900$542$320$21
40 years$2,201$1,387$844$500$290$18
41 years$2,123$1,320$791$461$263$15
42 years$2,050$1,257$742$426$239$12
43 years$1,980$1,198$697$393$217$10
44 years$1,913$1,142$654$363$197$9
45 years$1,849$1,089$614$335$179$7
46 years$1,789$1,039$577$309$162$6
47 years$1,731$991$542$286$147$5
48 years$1,675$946$509$264$134$4
49 years$1,623$904$479$244$121$3
50 years$1,572$863$450$226$110$3

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 $3,187 every year, while hoping to spend $26,215 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: 82/10/8 Blend
41$1,610,000$1,610,000$1,610,000$1,610,000
42$1,777,507$1,692,177$1,667,222$1,921,282
43$1,930,921$1,747,202$1,695,182$2,070,841
44$2,099,103$1,804,043$1,723,199$2,231,176
45$2,283,534$1,862,764$1,751,249$2,406,397
46$2,485,843$1,923,427$1,779,303$2,597,980
47$2,707,822$1,986,098$1,807,334$2,807,549
48$2,951,449$2,050,846$1,835,308$3,036,895
49$3,218,899$2,117,740$1,863,194$3,287,990
50$3,512,571$2,186,854$1,890,955$3,563,006
51$3,835,106$2,258,262$1,918,555$3,864,334
52$4,189,414$2,332,044$1,945,953$4,194,608
53$4,578,699$2,408,279$1,973,108$4,556,730
54$5,006,494$2,487,052$1,999,974$4,953,896
55$5,476,687$2,568,449$2,026,504$5,389,627
56$5,993,566$2,652,560$2,052,649$5,867,800
57$6,561,851$2,739,477$2,078,354$6,392,689
58$7,186,746$2,829,296$2,103,564$6,968,998
59$7,873,980$2,922,118$2,128,220$7,601,914
60$8,629,869$3,018,045$2,152,258$8,297,147
61$9,461,370$3,117,184$2,175,614$9,060,991
62$10,376,149$3,219,645$2,198,216$9,900,379
63$11,382,651$3,325,543$2,219,991$10,822,948
64$12,490,183$3,434,996$2,240,862$11,837,115
65$13,708,998$3,548,127$2,260,747$12,952,150
66$15,050,394$3,665,063$2,279,560$14,178,269
67$16,526,819$3,785,936$2,297,210$15,526,728
68$18,151,989$3,910,882$2,313,602$17,009,929
69$19,941,020$4,040,043$2,328,636$18,641,534
70$21,910,564$4,173,564$2,342,205$20,436,600
71$24,078,971$4,311,599$2,354,198$22,411,717
72$26,466,462$4,454,303$2,364,500$24,585,161
73$29,095,317$4,601,840$2,372,987$26,977,076
74$31,990,088$4,754,379$2,379,530$29,609,652
75$35,177,828$4,912,094$2,383,995$32,507,344
76$38,688,346$5,075,167$2,386,239$35,697,097
77$42,554,493$5,243,785$2,386,113$39,208,602
78$46,812,464$5,418,144$2,383,461$43,074,576
79$51,502,147$5,598,444$2,378,119$47,331,070
80$56,667,494$5,784,896$2,369,914$52,017,810
81$62,356,938$5,977,716$2,358,666$57,178,569
82$68,623,851$6,177,129$2,344,186$62,861,584
83$75,527,044$6,383,368$2,326,276$69,120,007
84$83,131,324$6,596,676$2,304,729$76,012,411
85$91,508,108$6,817,301$2,279,326$83,603,336
86$100,736,091$7,045,505$2,249,839$91,963,907
87$110,901,995$7,281,557$2,216,031$101,172,494
88$122,101,381$7,525,736$2,177,651$111,315,463
89$134,439,558$7,778,333$2,134,438$122,487,981
90$148,032,569$8,039,648$2,086,118$134,794,920
91$163,008,293$8,309,993$2,032,405$148,351,846
92$179,507,647$8,589,691$1,972,999$163,286,106
93$197,685,920$8,879,078$1,907,587$179,738,036
94$217,714,234$9,178,503$1,835,842$197,862,277
95$239,781,163$9,488,327$1,757,420$217,829,243
96$264,094,511$9,808,925$1,671,963$239,826,724
97$290,883,275$10,140,686$1,579,097$264,061,661
98$320,399,803$10,484,013$1,478,430$290,762,095
99$352,922,179$10,839,326$1,369,554$320,179,327
100$388,756,848$11,207,059$1,252,041$352,590,282