Can I retire at age 42 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$133,778$132,586$131,424$130,289$129,181$125,297
2 years$66,227$64,993$63,798$62,639$61,515$57,634
3 years$43,713$42,474$41,282$40,133$39,028$35,272
4 years$32,458$31,223$30,042$28,914$27,835$24,234
5 years$25,707$24,479$23,314$22,209$21,160$17,722
6 years$21,207$19,989$18,841$17,760$16,743$13,472
7 years$17,995$16,787$15,657$14,602$13,616$10,513
8 years$15,586$14,389$13,279$12,249$11,296$8,357
9 years$13,714$12,528$11,437$10,434$9,513$6,736
10 years$12,217$11,043$9,971$8,994$8,106$5,486
11 years$10,994$9,831$8,778$7,827$6,971$4,505
12 years$9,974$8,824$7,790$6,866$6,041$3,723
13 years$9,113$7,974$6,960$6,061$5,268$3,093
14 years$8,375$7,248$6,254$5,381$4,618$2,581
15 years$7,736$6,622$5,646$4,798$4,066$2,160
16 years$7,177$6,075$5,119$4,297$3,593$1,813
17 years$6,685$5,595$4,658$3,860$3,186$1,526
18 years$6,248$5,170$4,252$3,479$2,833$1,286
19 years$5,857$4,791$3,893$3,144$2,525$1,086
20 years$5,506$4,452$3,573$2,847$2,255$918
21 years$5,189$4,147$3,286$2,584$2,018$777
22 years$4,900$3,871$3,029$2,349$1,809$659
23 years$4,638$3,621$2,797$2,140$1,624$559
24 years$4,397$3,392$2,586$1,951$1,460$474
25 years$4,177$3,184$2,395$1,782$1,314$402
26 years$3,973$2,992$2,222$1,630$1,183$342
27 years$3,785$2,816$2,063$1,492$1,067$291
28 years$3,611$2,653$1,918$1,367$963$247
29 years$3,449$2,503$1,785$1,253$869$210
30 years$3,298$2,364$1,662$1,150$785$179
31 years$3,157$2,235$1,550$1,056$710$152
32 years$3,025$2,115$1,446$971$642$129
33 years$2,901$2,003$1,350$893$581$110
34 years$2,785$1,898$1,261$821$526$94
35 years$2,676$1,800$1,179$756$477$80
36 years$2,573$1,709$1,103$696$432$68
37 years$2,476$1,623$1,033$642$391$58
38 years$2,384$1,542$967$591$355$49
39 years$2,297$1,467$906$545$322$42
40 years$2,215$1,395$849$503$292$36
41 years$2,137$1,328$796$464$265$30
42 years$2,062$1,265$747$428$240$26
43 years$1,992$1,205$701$395$218$22
44 years$1,925$1,149$658$365$198$19
45 years$1,861$1,095$618$337$180$16
46 years$1,800$1,045$580$311$163$14
47 years$1,742$997$545$288$148$12
48 years$1,686$952$512$266$135$10
49 years$1,633$909$481$246$122$8
50 years$1,582$868$453$227$111$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,620,000, adding $4,660 every year, while hoping to spend $52,402 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: 56/32/12 Blend
41$1,620,000$1,620,000$1,620,000$1,620,000
42$1,790,047$1,704,187$1,679,077$1,884,605
43$1,916,876$1,731,937$1,679,571$1,976,903
44$2,054,886$1,759,290$1,678,325$2,071,234
45$2,205,161$1,786,172$1,675,225$2,172,750
46$2,368,896$1,812,502$1,670,153$2,282,147
47$2,547,404$1,838,196$1,662,984$2,400,191
48$2,742,131$1,863,159$1,653,586$2,527,729
49$2,954,670$1,887,296$1,641,823$2,665,691
50$3,186,772$1,910,499$1,627,550$2,815,107
51$3,440,366$1,932,657$1,610,616$2,977,111
52$3,717,577$1,953,650$1,590,865$3,152,954
53$4,020,741$1,973,350$1,568,130$3,344,014
54$4,352,432$1,991,621$1,542,239$3,551,813
55$4,715,486$2,008,316$1,513,009$3,778,030
56$5,113,024$2,023,281$1,480,253$4,024,515
57$5,548,481$2,036,351$1,443,771$4,293,310
58$6,025,644$2,047,350$1,403,355$4,586,665
59$6,548,682$2,056,092$1,358,789$4,907,063
60$7,122,184$2,062,377$1,309,845$5,257,244
61$7,751,208$2,065,995$1,256,286$5,640,228
62$8,441,322$2,066,720$1,197,863$6,059,346
63$9,198,663$2,064,315$1,134,317$6,518,271
64$10,029,987$2,058,526$1,065,377$7,021,055
65$10,942,737$2,049,086$990,758$7,572,167
66$11,945,113$2,035,707$910,165$8,176,534
67$13,046,147$2,018,090$823,288$8,839,591
68$14,255,789$1,995,911$729,804$9,567,330
69$15,585,001$1,968,833$629,374$10,366,362
70$17,045,860$1,936,494$521,647$11,243,973
71$18,651,668$1,898,513$406,252$12,208,201
72$20,417,083$1,854,485$282,807$13,267,906
73$22,358,254$1,803,983$150,909$14,432,863
74$24,492,971$1,746,553$10,139$15,713,845
75$26,840,835$1,681,715$0$17,122,734
76$29,423,443$1,608,963$0$18,690,568
77$32,264,590$1,527,758$0$20,416,407
78$35,390,493$1,437,532$0$22,314,939
79$38,830,037$1,337,685$0$24,403,789
80$42,615,051$1,227,582$0$26,702,384
81$46,780,603$1,106,550$0$29,232,141
82$51,365,334$973,881$0$32,016,666
83$56,411,821$828,824$0$35,081,984
84$61,966,977$670,587$0$38,456,778
85$68,082,496$498,332$0$42,172,669
86$74,815,336$311,176$0$46,264,509
87$82,228,261$108,185$0$50,770,719
88$90,390,430$0$0$55,733,646
89$99,378,049$0$0$61,239,275
90$109,275,091$0$0$67,344,137
91$120,174,086$0$0$74,067,236
92$132,176,997$0$0$81,471,492
93$145,396,176$0$0$89,626,239
94$159,955,431$0$0$98,607,876
95$175,991,189$0$0$108,500,593
96$193,653,784$0$0$119,397,160
97$213,108,875$0$0$131,399,806
98$234,539,012$0$0$144,621,183
99$258,145,353$0$0$159,185,426
100$284,149,567$0$0$175,229,327