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%17.1%
1 years$132,952$131,768$130,613$129,485$128,384$124,674
2 years$65,818$64,592$63,404$62,252$61,135$57,427
3 years$43,443$42,212$41,027$39,886$38,787$35,196
4 years$32,257$31,030$29,857$28,735$27,663$24,218
5 years$25,548$24,328$23,170$22,072$21,029$17,739
6 years$21,076$19,866$18,725$17,651$16,639$13,507
7 years$17,884$16,683$15,561$14,512$13,532$10,558
8 years$15,490$14,300$13,197$12,173$11,226$8,408
9 years$13,630$12,451$11,366$10,369$9,454$6,789
10 years$12,142$10,975$9,909$8,938$8,055$5,540
11 years$10,926$9,770$8,724$7,779$6,928$4,558
12 years$9,913$8,769$7,742$6,823$6,004$3,775
13 years$9,056$7,925$6,917$6,024$5,235$3,142
14 years$8,323$7,204$6,215$5,347$4,589$2,627
15 years$7,688$6,581$5,611$4,769$4,041$2,204
16 years$7,133$6,038$5,088$4,270$3,571$1,854
17 years$6,644$5,560$4,630$3,837$3,166$1,563
18 years$6,209$5,138$4,226$3,458$2,815$1,321
19 years$5,821$4,762$3,869$3,124$2,509$1,118
20 years$5,472$4,425$3,551$2,830$2,242$947
21 years$5,157$4,122$3,266$2,568$2,006$804
22 years$4,870$3,847$3,010$2,335$1,798$683
23 years$4,609$3,598$2,779$2,126$1,614$580
24 years$4,370$3,372$2,570$1,939$1,451$494
25 years$4,151$3,164$2,381$1,771$1,305$420
26 years$3,949$2,974$2,208$1,619$1,176$358
27 years$3,762$2,799$2,050$1,482$1,060$305
28 years$3,588$2,637$1,906$1,358$957$260
29 years$3,427$2,488$1,774$1,245$864$221
30 years$3,277$2,349$1,652$1,143$780$189
31 years$3,137$2,221$1,540$1,050$706$161
32 years$3,006$2,102$1,437$965$638$137
33 years$2,883$1,990$1,342$887$578$117
34 years$2,768$1,886$1,254$816$523$100
35 years$2,659$1,789$1,172$751$474$85
36 years$2,557$1,698$1,096$692$429$73
37 years$2,461$1,613$1,026$638$389$62
38 years$2,369$1,533$961$588$353$53
39 years$2,283$1,457$900$542$320$45
40 years$2,201$1,387$844$500$290$39
41 years$2,123$1,320$791$461$263$33
42 years$2,050$1,257$742$426$239$28
43 years$1,980$1,198$697$393$217$24
44 years$1,913$1,142$654$363$197$21
45 years$1,849$1,089$614$335$179$18
46 years$1,789$1,039$577$309$162$15
47 years$1,731$991$542$286$147$13
48 years$1,675$946$509$264$134$11
49 years$1,623$904$479$244$121$9
50 years$1,572$863$450$226$110$8

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 $3,714 every year, while hoping to spend $58,250 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: 75/15/10 Blend
41$1,610,000$1,610,000$1,610,000$1,610,000
42$1,778,051$1,692,721$1,667,766$1,907,938
43$1,897,435$1,713,687$1,661,659$2,015,015
44$2,027,043$1,733,728$1,653,394$2,124,606
45$2,167,858$1,752,737$1,642,839$2,243,065
46$2,320,959$1,770,600$1,629,854$2,371,253
47$2,487,533$1,787,196$1,614,290$2,510,116
48$2,668,887$1,802,395$1,595,995$2,660,699
49$2,866,461$1,816,059$1,574,808$2,824,153
50$3,081,835$1,828,040$1,550,559$3,001,744
51$3,316,751$1,838,184$1,523,072$3,194,869
52$3,573,127$1,846,322$1,492,162$3,405,068
53$3,853,072$1,852,278$1,457,636$3,634,036
54$4,158,910$1,855,864$1,419,291$3,883,645
55$4,493,197$1,856,879$1,376,915$4,155,952
56$4,858,748$1,855,112$1,330,287$4,453,231
57$5,258,665$1,850,337$1,279,176$4,777,983
58$5,696,358$1,842,313$1,223,338$5,132,966
59$6,175,588$1,830,788$1,162,522$5,521,222
60$6,700,493$1,815,491$1,096,461$5,946,101
61$7,275,630$1,796,137$1,024,879$6,411,297
62$7,906,020$1,772,423$947,488$6,920,881
63$8,597,190$1,744,027$863,984$7,479,342
64$9,355,228$1,710,610$774,053$8,091,625
65$10,186,843$1,671,811$677,365$8,763,183
66$11,099,419$1,627,249$573,576$9,500,026
67$12,101,095$1,576,518$462,325$10,308,778
68$13,200,831$1,519,192$343,237$11,196,740
69$14,408,501$1,454,819$215,922$12,171,962
70$15,734,982$1,382,918$79,968$13,243,315
71$17,192,252$1,302,983$0$14,420,577
72$18,793,512$1,214,479$0$15,721,476
73$20,553,301$1,116,840$0$17,160,500
74$22,487,639$1,009,466$0$18,742,255
75$24,614,173$891,725$0$20,481,226
76$26,952,346$762,947$0$22,393,379
77$29,523,581$622,426$0$24,496,305
78$32,351,477$469,416$0$26,809,395
79$35,462,038$303,128$0$29,354,014
80$38,883,914$122,729$0$32,153,713
81$42,648,670$0$0$35,234,440
82$46,791,088$0$0$38,636,790
83$51,349,488$0$0$42,403,172
84$56,366,094$0$0$46,548,226
85$61,887,432$0$0$51,110,404
86$67,964,764$0$0$56,132,073
87$74,654,576$0$0$61,659,917
88$82,019,107$0$0$67,745,376
89$90,126,937$0$0$74,445,130
90$99,053,635$0$0$81,821,635
91$108,882,470$0$0$89,943,712
92$119,705,195$0$0$98,887,193
93$131,622,914$0$0$108,735,640
94$144,747,036$0$0$119,581,130
95$159,200,324$0$0$131,525,125
96$175,118,054$0$0$144,679,429
97$192,649,289$0$0$159,167,243
98$211,958,291$0$0$175,124,325
99$233,226,062$0$0$192,700,272
100$256,652,058$0$0$212,059,935