Can I retire at age 42 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$134,604$133,405$132,235$131,093$129,978$127,043
2 years$66,636$65,395$64,192$63,026$61,895$58,953
3 years$43,982$42,736$41,536$40,381$39,268$36,412
4 years$32,658$31,416$30,228$29,092$28,007$25,258
5 years$25,865$24,630$23,458$22,346$21,290$18,657
6 years$21,338$20,112$18,958$17,870$16,846$14,331
7 years$18,106$16,890$15,754$14,692$13,700$11,304
8 years$15,683$14,478$13,361$12,325$11,366$9,087
9 years$13,799$12,606$11,507$10,498$9,572$7,409
10 years$12,293$11,111$10,032$9,049$8,156$6,106
11 years$11,061$9,892$8,832$7,876$7,014$5,075
12 years$10,036$8,878$7,839$6,908$6,078$4,247
13 years$9,169$8,023$7,003$6,099$5,300$3,574
14 years$8,426$7,293$6,292$5,414$4,646$3,021
15 years$7,784$6,662$5,681$4,828$4,091$2,563
16 years$7,222$6,113$5,151$4,323$3,616$2,181
17 years$6,726$5,629$4,687$3,884$3,206$1,860
18 years$6,286$5,202$4,279$3,500$2,850$1,591
19 years$5,893$4,821$3,917$3,163$2,541$1,362
20 years$5,540$4,480$3,595$2,865$2,269$1,169
21 years$5,221$4,173$3,306$2,600$2,031$1,004
22 years$4,931$3,895$3,047$2,364$1,820$863
23 years$4,666$3,643$2,814$2,153$1,634$743
24 years$4,425$3,413$2,602$1,964$1,469$640
25 years$4,202$3,203$2,410$1,793$1,322$552
26 years$3,998$3,011$2,235$1,640$1,190$476
27 years$3,808$2,833$2,076$1,501$1,073$411
28 years$3,633$2,670$1,930$1,375$968$355
29 years$3,470$2,519$1,796$1,261$875$306
30 years$3,318$2,379$1,673$1,157$790$265
31 years$3,176$2,249$1,559$1,063$714$229
32 years$3,043$2,128$1,455$977$646$198
33 years$2,919$2,015$1,358$898$585$171
34 years$2,802$1,910$1,269$826$529$148
35 years$2,692$1,811$1,187$761$480$128
36 years$2,589$1,719$1,110$701$435$111
37 years$2,491$1,633$1,039$646$394$96
38 years$2,399$1,552$973$595$357$83
39 years$2,311$1,476$912$549$324$72
40 years$2,228$1,404$854$506$294$62
41 years$2,150$1,336$801$467$266$54
42 years$2,075$1,273$752$431$242$46
43 years$2,004$1,213$705$398$219$40
44 years$1,937$1,156$662$367$199$35
45 years$1,872$1,102$622$339$181$30
46 years$1,811$1,052$584$313$164$26
47 years$1,752$1,003$548$289$149$23
48 years$1,696$958$515$267$135$20
49 years$1,643$915$484$247$123$17
50 years$1,591$874$455$228$112$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,630,000, adding $3,618 every year, while hoping to spend $34,307 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: 61/25/14 Blend
41$1,630,000$1,630,000$1,630,000$1,630,000
42$1,799,992$1,713,602$1,688,337$1,903,373
43$1,947,089$1,761,066$1,708,394$2,020,789
44$2,108,040$1,809,706$1,727,973$2,144,663
45$2,284,221$1,859,543$1,747,022$2,279,016
46$2,477,150$1,910,599$1,765,485$2,424,864
47$2,688,496$1,962,895$1,783,305$2,583,328
48$2,920,097$2,016,452$1,800,421$2,755,639
49$3,173,979$2,071,290$1,816,767$2,943,157
50$3,452,372$2,127,430$1,832,276$3,147,374
51$3,757,733$2,184,893$1,846,875$3,369,939
52$4,092,766$2,243,697$1,860,490$3,612,663
53$4,460,453$2,303,863$1,873,042$3,877,544
54$4,864,076$2,365,409$1,884,445$4,166,782
55$5,307,251$2,428,354$1,894,614$4,482,800
56$5,793,962$2,492,714$1,903,455$4,828,267
57$6,328,597$2,558,508$1,910,871$5,206,122
58$6,915,989$2,625,750$1,916,760$5,619,606
59$7,561,464$2,694,456$1,921,016$6,072,287
60$8,270,890$2,764,641$1,923,526$6,568,095
61$9,050,728$2,836,316$1,924,172$7,111,363
62$9,908,101$2,909,494$1,922,830$7,706,862
63$10,850,853$2,984,185$1,919,371$8,359,849
64$11,887,627$3,060,397$1,913,657$9,076,119
65$13,027,948$3,138,139$1,905,547$9,862,054
66$14,282,306$3,217,415$1,894,890$10,724,687
67$15,662,262$3,298,229$1,881,530$11,671,767
68$17,180,553$3,380,583$1,865,301$12,711,834
69$18,851,213$3,464,475$1,846,033$13,854,295
70$20,689,705$3,549,903$1,823,543$15,109,519
71$22,713,067$3,636,860$1,797,644$16,488,931
72$24,940,071$3,725,338$1,768,137$18,005,119
73$27,391,404$3,815,325$1,734,815$19,671,955
74$30,089,857$3,906,805$1,697,461$21,504,726
75$33,060,545$3,999,761$1,655,848$23,520,277
76$36,331,141$4,094,170$1,609,740$25,737,170
77$39,932,138$4,190,005$1,558,887$28,175,861
78$43,897,137$4,287,236$1,503,030$30,858,890
79$48,263,160$4,385,826$1,441,897$33,811,098
80$53,071,007$4,485,736$1,375,205$37,059,858
81$58,365,631$4,586,918$1,302,656$40,635,335
82$64,196,570$4,689,322$1,223,940$44,570,771
83$70,618,411$4,792,890$1,138,733$48,902,798
84$77,691,305$4,897,557$1,046,696$53,671,785
85$85,481,532$5,003,252$947,474$58,922,219
86$94,062,133$5,109,896$840,699$64,703,123
87$103,513,592$5,217,402$725,984$71,068,524
88$113,924,599$5,325,675$602,925$78,077,956
89$125,392,887$5,434,612$471,101$85,797,031
90$138,026,151$5,544,097$330,073$94,298,050
91$151,943,068$5,654,008$179,380$103,660,691
92$167,274,416$5,764,209$18,544$113,972,762
93$184,164,305$5,874,555$0$125,331,027
94$202,771,543$5,984,886$0$137,864,990
95$223,271,126$6,095,031$0$151,673,739
96$245,855,899$6,204,806$0$166,884,085
97$270,738,369$6,314,010$0$183,638,828
98$298,152,713$6,422,427$0$202,095,329
99$328,356,991$6,529,827$0$222,426,999
100$361,635,574$6,635,959$0$244,824,934