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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$133,778$132,586$131,424$130,289$129,181$124,647
2 years$66,227$64,993$63,798$62,639$61,515$56,995
3 years$43,713$42,474$41,282$40,133$39,028$34,663
4 years$32,458$31,223$30,042$28,914$27,835$23,659
5 years$25,707$24,479$23,314$22,209$21,160$17,184
6 years$21,207$19,989$18,841$17,760$16,743$12,971
7 years$17,995$16,787$15,657$14,602$13,616$10,046
8 years$15,586$14,389$13,279$12,249$11,296$7,926
9 years$13,714$12,528$11,437$10,434$9,513$6,337
10 years$12,217$11,043$9,971$8,994$8,106$5,120
11 years$10,994$9,831$8,778$7,827$6,971$4,169
12 years$9,974$8,824$7,790$6,866$6,041$3,416
13 years$9,113$7,974$6,960$6,061$5,268$2,813
14 years$8,375$7,248$6,254$5,381$4,618$2,325
15 years$7,736$6,622$5,646$4,798$4,066$1,929
16 years$7,177$6,075$5,119$4,297$3,593$1,604
17 years$6,685$5,595$4,658$3,860$3,186$1,337
18 years$6,248$5,170$4,252$3,479$2,833$1,116
19 years$5,857$4,791$3,893$3,144$2,525$933
20 years$5,506$4,452$3,573$2,847$2,255$781
21 years$5,189$4,147$3,286$2,584$2,018$655
22 years$4,900$3,871$3,029$2,349$1,809$549
23 years$4,638$3,621$2,797$2,140$1,624$461
24 years$4,397$3,392$2,586$1,951$1,460$387
25 years$4,177$3,184$2,395$1,782$1,314$325
26 years$3,973$2,992$2,222$1,630$1,183$273
27 years$3,785$2,816$2,063$1,492$1,067$230
28 years$3,611$2,653$1,918$1,367$963$193
29 years$3,449$2,503$1,785$1,253$869$163
30 years$3,298$2,364$1,662$1,150$785$137
31 years$3,157$2,235$1,550$1,056$710$115
32 years$3,025$2,115$1,446$971$642$97
33 years$2,901$2,003$1,350$893$581$82
34 years$2,785$1,898$1,261$821$526$69
35 years$2,676$1,800$1,179$756$477$58
36 years$2,573$1,709$1,103$696$432$49
37 years$2,476$1,623$1,033$642$391$41
38 years$2,384$1,542$967$591$355$35
39 years$2,297$1,467$906$545$322$29
40 years$2,215$1,395$849$503$292$25
41 years$2,137$1,328$796$464$265$21
42 years$2,062$1,265$747$428$240$17
43 years$1,992$1,205$701$395$218$15
44 years$1,925$1,149$658$365$198$12
45 years$1,861$1,095$618$337$180$10
46 years$1,800$1,045$580$311$163$9
47 years$1,742$997$545$288$148$7
48 years$1,686$952$512$266$135$6
49 years$1,633$909$481$246$122$5
50 years$1,582$868$453$227$111$4

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 $5,809 every year, while hoping to spend $51,208 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: 65/11/24 Blend
41$1,620,000$1,620,000$1,620,000$1,620,000
42$1,791,232$1,705,372$1,680,262$1,896,137
43$1,919,453$1,734,450$1,682,066$1,996,606
44$2,059,036$1,763,237$1,682,214$2,100,084
45$2,211,086$1,791,664$1,680,596$2,212,018
46$2,376,819$1,819,658$1,677,099$2,333,241
47$2,557,573$1,847,140$1,671,600$2,464,673
48$2,754,821$1,874,026$1,663,975$2,607,328
49$2,970,185$1,900,225$1,654,090$2,762,323
50$3,205,448$1,925,640$1,641,806$2,930,893
51$3,462,576$1,950,168$1,626,978$3,114,396
52$3,743,731$1,973,699$1,609,454$3,314,331
53$4,051,295$1,996,114$1,589,075$3,532,352
54$4,387,890$2,017,286$1,565,672$3,770,280
55$4,756,404$2,037,082$1,539,071$4,030,125
56$5,160,016$2,055,358$1,509,089$4,314,103
57$5,602,228$2,071,961$1,475,533$4,624,657
58$6,086,896$2,086,728$1,438,205$4,964,481
59$6,618,268$2,099,486$1,396,893$5,336,545
60$7,201,020$2,110,050$1,351,378$5,744,125
61$7,840,305$2,118,224$1,301,430$6,190,831
62$8,541,798$2,123,799$1,246,810$6,680,645
63$9,311,750$2,126,553$1,187,266$7,217,956
64$10,157,045$2,126,250$1,122,536$7,807,605
65$11,085,268$2,122,641$1,052,346$8,454,928
66$12,104,775$2,115,460$976,409$9,165,807
67$13,224,769$2,104,424$894,425$9,946,729
68$14,455,389$2,089,235$806,082$10,804,845
69$15,807,806$2,069,575$711,053$11,748,039
70$17,294,325$2,045,107$608,997$12,785,002
71$18,928,504$2,015,476$499,556$13,925,316
72$20,725,280$1,980,302$382,360$15,179,544
73$22,701,108$1,939,186$257,018$16,559,332
74$24,874,118$1,891,704$123,125$18,077,516
75$27,264,287$1,837,406$0$19,748,250
76$29,893,623$1,775,817$0$21,592,194
77$32,786,375$1,706,435$0$23,655,462
78$35,969,261$1,628,726$0$25,925,568
79$39,471,720$1,542,128$0$28,423,531
80$43,326,187$1,446,044$0$31,172,517
81$47,568,404$1,339,846$0$34,198,052
82$52,237,749$1,222,867$0$37,528,268
83$57,377,615$1,094,402$0$41,194,162
84$63,035,813$953,709$0$45,229,895
85$69,265,026$800,001$0$49,673,114
86$76,123,305$632,448$0$54,565,303
87$83,674,616$450,171$0$59,952,177
88$91,989,442$252,245$0$65,884,118
89$101,145,451$37,691$0$72,416,644
90$111,228,226$0$0$79,610,937
91$122,332,070$0$0$87,557,967
92$134,560,902$0$0$96,315,321
93$148,029,229$0$0$105,960,459
94$162,863,234$0$0$116,583,761
95$179,201,961$0$0$128,284,823
96$197,198,628$0$0$141,173,393
97$217,022,074$0$0$155,370,408
98$238,858,352$0$0$171,009,135
99$262,912,480$0$0$188,236,426
100$289,410,383$0$0$207,214,108