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%18.2%
1 years$132,952$131,768$130,613$129,485$128,384$124,125
2 years$65,818$64,592$63,404$62,252$61,135$56,886
3 years$43,443$42,212$41,027$39,886$38,787$34,680
4 years$32,257$31,030$29,857$28,735$27,663$23,731
5 years$25,548$24,328$23,170$22,072$21,029$17,282
6 years$21,076$19,866$18,725$17,651$16,639$13,080
7 years$17,884$16,683$15,561$14,512$13,532$10,160
8 years$15,490$14,300$13,197$12,173$11,226$8,039
9 years$13,630$12,451$11,366$10,369$9,454$6,448
10 years$12,142$10,975$9,909$8,938$8,055$5,225
11 years$10,926$9,770$8,724$7,779$6,928$4,269
12 years$9,913$8,769$7,742$6,823$6,004$3,509
13 years$9,056$7,925$6,917$6,024$5,235$2,900
14 years$8,323$7,204$6,215$5,347$4,589$2,406
15 years$7,688$6,581$5,611$4,769$4,041$2,002
16 years$7,133$6,038$5,088$4,270$3,571$1,671
17 years$6,644$5,560$4,630$3,837$3,166$1,398
18 years$6,209$5,138$4,226$3,458$2,815$1,172
19 years$5,821$4,762$3,869$3,124$2,509$983
20 years$5,472$4,425$3,551$2,830$2,242$826
21 years$5,157$4,122$3,266$2,568$2,006$695
22 years$4,870$3,847$3,010$2,335$1,798$585
23 years$4,609$3,598$2,779$2,126$1,614$493
24 years$4,370$3,372$2,570$1,939$1,451$416
25 years$4,151$3,164$2,381$1,771$1,305$351
26 years$3,949$2,974$2,208$1,619$1,176$296
27 years$3,762$2,799$2,050$1,482$1,060$250
28 years$3,588$2,637$1,906$1,358$957$211
29 years$3,427$2,488$1,774$1,245$864$178
30 years$3,277$2,349$1,652$1,143$780$151
31 years$3,137$2,221$1,540$1,050$706$127
32 years$3,006$2,102$1,437$965$638$108
33 years$2,883$1,990$1,342$887$578$91
34 years$2,768$1,886$1,254$816$523$77
35 years$2,659$1,789$1,172$751$474$65
36 years$2,557$1,698$1,096$692$429$55
37 years$2,461$1,613$1,026$638$389$47
38 years$2,369$1,533$961$588$353$39
39 years$2,283$1,457$900$542$320$33
40 years$2,201$1,387$844$500$290$28
41 years$2,123$1,320$791$461$263$24
42 years$2,050$1,257$742$426$239$20
43 years$1,980$1,198$697$393$217$17
44 years$1,913$1,142$654$363$197$14
45 years$1,849$1,089$614$335$179$12
46 years$1,789$1,039$577$309$162$10
47 years$1,731$991$542$286$147$9
48 years$1,675$946$509$264$134$7
49 years$1,623$904$479$244$121$6
50 years$1,572$863$450$226$110$5

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 $2,242 every year, while hoping to spend $49,644 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: 20/50/30 Blend
41$1,610,000$1,610,000$1,610,000$1,610,000
42$1,776,533$1,691,203$1,666,248$1,795,077
43$1,904,918$1,721,251$1,669,246$1,843,092
44$2,044,735$1,751,107$1,670,681$1,890,104
45$2,197,097$1,780,711$1,670,448$1,939,234
46$2,363,230$1,809,994$1,668,437$1,990,682
47$2,544,482$1,838,886$1,664,532$2,044,674
48$2,742,338$1,867,311$1,658,613$2,101,458
49$2,958,432$1,895,185$1,650,552$2,161,313
50$3,194,564$1,922,421$1,640,218$2,224,548
51$3,452,715$1,948,924$1,627,470$2,291,506
52$3,735,064$1,974,594$1,612,162$2,362,570
53$4,044,013$1,999,322$1,594,142$2,438,166
54$4,382,206$2,022,992$1,573,250$2,518,766
55$4,752,554$2,045,482$1,549,317$2,604,895
56$5,158,264$2,066,660$1,522,169$2,697,137
57$5,602,867$2,086,386$1,491,620$2,796,139
58$6,090,250$2,104,510$1,457,481$2,902,620
59$6,624,696$2,120,872$1,419,547$3,017,378
60$7,210,924$2,135,303$1,377,611$3,141,300
61$7,854,128$2,147,622$1,331,450$3,275,366
62$8,560,030$2,157,637$1,280,835$3,420,667
63$9,334,936$2,165,144$1,225,526$3,578,409
64$10,185,788$2,169,924$1,165,269$3,749,932
65$11,120,235$2,171,748$1,099,803$3,936,718
66$12,146,704$2,170,369$1,028,851$4,140,411
67$13,274,478$2,165,527$952,128$4,362,831
68$14,513,782$2,156,945$869,331$4,605,993
69$15,875,882$2,144,329$780,148$4,872,131
70$17,373,190$2,127,369$684,251$5,163,714
71$19,019,379$2,105,734$581,297$5,483,477
72$20,829,514$2,079,074$470,929$5,834,445
73$22,820,193$2,047,017$352,774$6,219,968
74$25,009,702$2,009,171$226,442$6,643,748
75$27,418,190$1,965,118$91,526$7,109,882
76$30,067,855$1,914,418$0$7,622,898
77$32,983,155$1,856,604$0$8,204,598
78$36,191,040$1,791,180$0$8,876,082
79$39,721,203$1,717,625$0$9,614,294
80$43,606,360$1,635,383$0$10,426,150
81$47,882,562$1,543,870$0$11,319,289
82$52,589,529$1,442,466$0$12,302,139
83$57,771,030$1,330,515$0$13,384,001
84$63,475,292$1,207,327$0$14,575,140
85$69,755,453$1,072,168$0$15,886,883
86$76,670,071$924,265$0$17,331,729
87$84,283,665$762,801$0$18,923,466
88$92,667,333$586,913$0$20,677,312
89$101,899,418$395,688$0$22,610,052
90$112,066,246$188,164$0$24,740,207
91$123,262,942$0$0$27,088,207
92$135,594,329$0$0$29,696,768
93$149,175,912$0$0$32,684,220
94$164,134,971$0$0$35,975,081
95$180,611,763$0$0$39,600,258
96$198,760,841$0$0$43,593,807
97$218,752,515$0$0$47,993,260
98$240,774,459$0$0$52,839,973
99$265,033,481$0$0$58,179,520
100$291,757,474$0$0$64,062,122