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%15.2%
1 years$134,604$133,405$132,235$131,093$129,978$127,198
2 years$66,636$65,395$64,192$63,026$61,895$59,107
3 years$43,982$42,736$41,536$40,381$39,268$36,561
4 years$32,658$31,416$30,228$29,092$28,007$25,399
5 years$25,865$24,630$23,458$22,346$21,290$18,791
6 years$21,338$20,112$18,958$17,870$16,846$14,458
7 years$18,106$16,890$15,754$14,692$13,700$11,423
8 years$15,683$14,478$13,361$12,325$11,366$9,199
9 years$13,799$12,606$11,507$10,498$9,572$7,513
10 years$12,293$11,111$10,032$9,049$8,156$6,204
11 years$11,061$9,892$8,832$7,876$7,014$5,167
12 years$10,036$8,878$7,839$6,908$6,078$4,332
13 years$9,169$8,023$7,003$6,099$5,300$3,653
14 years$8,426$7,293$6,292$5,414$4,646$3,093
15 years$7,784$6,662$5,681$4,828$4,091$2,630
16 years$7,222$6,113$5,151$4,323$3,616$2,243
17 years$6,726$5,629$4,687$3,884$3,206$1,917
18 years$6,286$5,202$4,279$3,500$2,850$1,643
19 years$5,893$4,821$3,917$3,163$2,541$1,410
20 years$5,540$4,480$3,595$2,865$2,269$1,213
21 years$5,221$4,173$3,306$2,600$2,031$1,044
22 years$4,931$3,895$3,047$2,364$1,820$900
23 years$4,666$3,643$2,814$2,153$1,634$776
24 years$4,425$3,413$2,602$1,964$1,469$670
25 years$4,202$3,203$2,410$1,793$1,322$579
26 years$3,998$3,011$2,235$1,640$1,190$501
27 years$3,808$2,833$2,076$1,501$1,073$433
28 years$3,633$2,670$1,930$1,375$968$375
29 years$3,470$2,519$1,796$1,261$875$325
30 years$3,318$2,379$1,673$1,157$790$281
31 years$3,176$2,249$1,559$1,063$714$244
32 years$3,043$2,128$1,455$977$646$211
33 years$2,919$2,015$1,358$898$585$183
34 years$2,802$1,910$1,269$826$529$159
35 years$2,692$1,811$1,187$761$480$138
36 years$2,589$1,719$1,110$701$435$119
37 years$2,491$1,633$1,039$646$394$103
38 years$2,399$1,552$973$595$357$90
39 years$2,311$1,476$912$549$324$78
40 years$2,228$1,404$854$506$294$68
41 years$2,150$1,336$801$467$266$59
42 years$2,075$1,273$752$431$242$51
43 years$2,004$1,213$705$398$219$44
44 years$1,937$1,156$662$367$199$38
45 years$1,872$1,102$622$339$181$33
46 years$1,811$1,052$584$313$164$29
47 years$1,752$1,003$548$289$149$25
48 years$1,696$958$515$267$135$22
49 years$1,643$915$484$247$123$19
50 years$1,591$874$455$228$112$16

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 $5,451 every year, while hoping to spend $48,053 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: 29/47/24 Blend
41$1,630,000$1,630,000$1,630,000$1,630,000
42$1,801,883$1,715,493$1,690,228$1,840,538
43$1,934,547$1,748,424$1,695,722$1,903,976
44$2,079,132$1,781,358$1,699,790$1,967,527
45$2,236,804$1,814,245$1,702,334$2,034,861
46$2,408,844$1,847,029$1,703,248$2,106,336
47$2,596,665$1,879,653$1,702,426$2,182,348
48$2,801,821$1,912,052$1,699,753$2,263,333
49$3,026,022$1,944,157$1,695,110$2,349,774
50$3,271,151$1,975,896$1,688,371$2,442,207
51$3,539,283$2,007,189$1,679,406$2,541,222
52$3,832,699$2,037,951$1,668,076$2,647,474
53$4,153,916$2,068,092$1,654,238$2,761,685
54$4,505,700$2,097,513$1,637,739$2,884,655
55$4,891,101$2,126,111$1,618,423$3,017,267
56$5,313,476$2,153,773$1,596,123$3,160,499
57$5,776,523$2,180,381$1,570,666$3,315,429
58$6,284,315$2,205,806$1,541,870$3,483,253
59$6,841,337$2,229,912$1,509,544$3,665,288
60$7,452,529$2,252,554$1,473,490$3,862,994
61$8,123,335$2,273,577$1,433,500$4,077,982
62$8,859,749$2,292,815$1,389,355$4,312,031
63$9,668,373$2,310,093$1,340,829$4,567,109
64$10,556,482$2,325,223$1,287,682$4,845,390
65$11,532,090$2,338,005$1,229,665$5,149,273
66$12,604,023$2,348,228$1,166,519$5,481,412
67$13,782,006$2,355,664$1,097,971$5,844,735
68$15,076,754$2,360,074$1,023,735$6,242,477
69$16,500,069$2,361,204$943,516$6,678,211
70$18,064,954$2,358,782$857,003$7,155,883
71$19,785,738$2,352,520$763,870$7,679,849
72$21,678,203$2,342,113$663,780$8,254,918
73$23,759,740$2,327,237$556,377$8,886,402
74$26,049,511$2,307,549$441,293$9,580,163
75$28,568,626$2,282,684$318,142$10,342,671
76$31,340,346$2,252,256$186,520$11,181,071
77$34,390,300$2,215,855$46,006$12,103,247
78$37,746,726$2,173,047$0$13,117,902
79$41,440,738$2,123,373$0$14,261,256
80$45,506,621$2,066,346$0$15,531,593
81$49,982,151$2,001,451$0$16,928,937
82$54,908,951$1,928,142$0$18,466,320
83$60,332,886$1,845,843$0$20,158,113
84$66,304,493$1,753,943$0$22,020,167
85$72,879,461$1,651,796$0$24,069,957
86$80,119,151$1,538,719$0$26,326,756
87$88,091,178$1,413,989$0$28,811,816
88$96,870,047$1,276,844$0$31,548,569
89$106,537,859$1,126,476$0$34,562,854
90$117,185,079$962,032$0$37,883,160
91$128,911,398$782,612$0$41,540,901
92$141,826,665$587,264$0$45,570,712
93$156,051,927$374,983$0$50,010,781
94$171,720,573$144,706$0$54,903,211
95$188,979,588$0$0$60,294,421
96$207,990,943$0$0$66,289,732
97$228,933,123$0$0$72,976,764
98$252,002,809$0$0$80,343,525
99$277,416,737$0$0$88,459,274
100$305,413,738$0$0$97,400,333