Can I retire at age 42 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$136,255$135,042$133,858$132,702$131,573$128,133
2 years$67,453$66,197$64,979$63,799$62,654$59,211
3 years$44,522$43,260$42,046$40,877$39,750$36,413
4 years$33,059$31,801$30,599$29,449$28,350$25,144
5 years$26,183$24,932$23,746$22,620$21,551$18,485
6 years$21,600$20,359$19,190$18,089$17,053$14,129
7 years$18,328$17,098$15,947$14,872$13,869$11,088
8 years$15,875$14,656$13,524$12,476$11,505$8,867
9 years$13,968$12,761$11,649$10,627$9,689$7,190
10 years$12,444$11,248$10,156$9,160$8,256$5,893
11 years$11,197$10,013$8,941$7,972$7,100$4,870
12 years$10,159$8,987$7,935$6,993$6,153$4,052
13 years$9,281$8,122$7,089$6,174$5,365$3,389
14 years$8,530$7,383$6,370$5,480$4,703$2,847
15 years$7,879$6,744$5,751$4,887$4,141$2,400
16 years$7,310$6,188$5,214$4,376$3,660$2,029
17 years$6,809$5,699$4,745$3,932$3,245$1,720
18 years$6,363$5,266$4,331$3,543$2,885$1,461
19 years$5,966$4,880$3,965$3,202$2,572$1,243
20 years$5,608$4,535$3,639$2,900$2,297$1,059
21 years$5,285$4,224$3,347$2,632$2,056$903
22 years$4,991$3,943$3,085$2,393$1,843$771
23 years$4,724$3,688$2,848$2,179$1,654$659
24 years$4,479$3,455$2,634$1,988$1,487$564
25 years$4,254$3,243$2,440$1,815$1,338$483
26 years$4,047$3,048$2,263$1,660$1,205$413
27 years$3,855$2,868$2,101$1,519$1,086$354
28 years$3,677$2,703$1,953$1,392$980$303
29 years$3,512$2,550$1,818$1,276$885$260
30 years$3,359$2,408$1,693$1,171$800$223
31 years$3,215$2,276$1,578$1,076$723$191
32 years$3,081$2,154$1,473$989$654$164
33 years$2,955$2,040$1,375$909$592$141
34 years$2,837$1,933$1,285$837$536$121
35 years$2,725$1,834$1,201$770$485$104
36 years$2,621$1,740$1,124$709$440$89
37 years$2,522$1,653$1,052$653$399$77
38 years$2,428$1,571$985$602$361$66
39 years$2,340$1,494$923$555$328$56
40 years$2,256$1,421$865$512$297$48
41 years$2,176$1,353$811$473$270$42
42 years$2,101$1,288$761$436$245$36
43 years$2,029$1,228$714$403$222$31
44 years$1,960$1,170$670$372$202$26
45 years$1,895$1,116$629$343$183$23
46 years$1,833$1,064$591$317$166$19
47 years$1,774$1,016$555$293$151$17
48 years$1,717$970$522$271$137$14
49 years$1,663$926$490$250$124$12
50 years$1,611$885$461$231$113$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,650,000, adding $5,064 every year, while hoping to spend $55,531 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: 59/19/22 Blend
41$1,650,000$1,650,000$1,650,000$1,650,000
42$1,823,524$1,736,074$1,710,499$1,920,150
43$1,950,438$1,762,057$1,708,716$2,012,383
44$2,088,437$1,787,452$1,705,012$2,106,470
45$2,238,592$1,812,171$1,699,264$2,207,865
46$2,402,083$1,836,122$1,691,344$2,317,289
47$2,580,207$1,859,203$1,681,116$2,435,533
48$2,774,393$1,881,309$1,668,437$2,563,474
49$2,986,212$1,902,324$1,653,161$2,702,077
50$3,217,395$1,922,128$1,635,132$2,852,408
51$3,469,847$1,940,589$1,614,186$3,015,641
52$3,745,663$1,957,570$1,590,153$3,193,075
53$4,047,152$1,972,922$1,562,854$3,386,139
54$4,376,855$1,986,488$1,532,103$3,596,412
55$4,737,569$1,998,102$1,497,704$3,825,636
56$5,132,376$2,007,584$1,459,452$4,075,732
57$5,564,669$2,014,745$1,417,134$4,348,819
58$6,038,182$2,019,385$1,370,525$4,647,236
59$6,557,029$2,021,288$1,319,390$4,973,561
60$7,125,742$2,020,227$1,263,486$5,330,639
61$7,749,311$2,015,961$1,202,555$5,721,610
62$8,433,231$2,008,233$1,136,331$6,149,933
63$9,183,556$1,996,772$1,064,534$6,619,428
64$10,006,953$1,981,288$986,870$7,134,306
65$10,910,767$1,961,476$903,035$7,699,212
66$11,903,087$1,937,011$812,709$8,319,268
67$12,992,827$1,907,549$715,559$9,000,126
68$14,189,801$1,872,725$611,237$9,748,015
69$15,504,826$1,832,154$499,378$10,569,809
70$16,949,815$1,785,426$379,604$11,473,086
71$18,537,893$1,732,108$251,518$12,466,204
72$20,283,520$1,671,743$114,705$13,558,378
73$22,202,626$1,603,845$0$14,759,771
74$24,312,761$1,527,901$0$16,088,938
75$26,633,262$1,443,368$0$17,580,101
76$29,185,433$1,349,671$0$19,220,041
77$31,992,747$1,246,204$0$21,023,898
78$35,081,063$1,132,325$0$23,008,359
79$38,478,878$1,007,355$0$25,191,813
80$42,217,585$870,577$0$27,594,529
81$46,331,777$721,234$0$30,238,846
82$50,859,569$558,525$0$33,149,386
83$55,842,957$381,605$0$36,353,284
84$61,328,215$189,580$0$39,880,448
85$67,366,332$0$0$43,763,841
86$74,013,490$0$0$48,043,659
87$81,331,596$0$0$52,799,274
88$89,388,863$0$0$58,035,400
89$98,260,457$0$0$63,800,904
90$108,029,203$0$0$70,149,635
91$118,786,365$0$0$77,140,930
92$130,632,510$0$0$84,840,172
93$143,678,455$0$0$93,319,408
94$158,046,312$0$0$102,658,032
95$173,870,639$0$0$112,943,526
96$191,299,710$0$0$124,272,294
97$210,496,916$0$0$136,750,564
98$231,642,304$0$0$150,495,397
99$254,934,273$0$0$165,635,785
100$280,591,454$0$0$182,313,874