Can I retire at age 42 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$137,081$135,860$134,669$133,506$132,371$130,554
2 years$67,862$66,598$65,373$64,186$63,034$61,207
3 years$44,792$43,523$42,301$41,124$39,991$38,211
4 years$33,259$31,994$30,784$29,628$28,522$26,802
5 years$26,341$25,083$23,890$22,757$21,682$20,027
6 years$21,731$20,483$19,306$18,199$17,156$15,568
7 years$18,439$17,201$16,044$14,962$13,953$12,432
8 years$15,971$14,745$13,606$12,552$11,575$10,122
9 years$14,053$12,838$11,719$10,691$9,748$8,362
10 years$12,519$11,316$10,217$9,216$8,306$6,985
11 years$11,265$10,074$8,995$8,021$7,143$5,887
12 years$10,221$9,042$7,983$7,035$6,190$4,997
13 years$9,338$8,171$7,132$6,211$5,398$4,267
14 years$8,582$7,427$6,408$5,513$4,732$3,660
15 years$7,927$6,785$5,786$4,917$4,166$3,152
16 years$7,354$6,225$5,246$4,403$3,682$2,724
17 years$6,850$5,733$4,773$3,956$3,265$2,361
18 years$6,402$5,298$4,357$3,565$2,903$2,051
19 years$6,002$4,910$3,989$3,221$2,587$1,786
20 years$5,642$4,562$3,661$2,917$2,311$1,557
21 years$5,317$4,250$3,367$2,648$2,068$1,360
22 years$5,021$3,967$3,104$2,407$1,854$1,189
23 years$4,752$3,710$2,866$2,192$1,664$1,041
24 years$4,506$3,476$2,650$2,000$1,496$913
25 years$4,280$3,262$2,455$1,826$1,346$801
26 years$4,071$3,066$2,276$1,670$1,212$703
27 years$3,878$2,885$2,114$1,528$1,093$617
28 years$3,700$2,719$1,965$1,400$986$543
29 years$3,534$2,565$1,829$1,284$891$477
30 years$3,379$2,422$1,703$1,179$805$420
31 years$3,235$2,290$1,588$1,082$728$370
32 years$3,099$2,167$1,482$995$658$325
33 years$2,973$2,052$1,383$915$596$287
34 years$2,854$1,945$1,293$842$539$252
35 years$2,742$1,845$1,208$775$488$222
36 years$2,636$1,751$1,131$714$443$196
37 years$2,537$1,663$1,058$657$401$173
38 years$2,443$1,580$991$606$364$152
39 years$2,354$1,503$928$559$330$134
40 years$2,269$1,430$870$515$299$118
41 years$2,189$1,361$816$475$271$104
42 years$2,113$1,296$765$439$246$92
43 years$2,041$1,235$718$405$223$81
44 years$1,972$1,177$674$374$203$72
45 years$1,907$1,123$633$345$184$63
46 years$1,844$1,071$595$319$167$56
47 years$1,785$1,022$559$295$152$49
48 years$1,727$976$525$272$138$43
49 years$1,673$932$493$252$125$38
50 years$1,621$890$464$233$114$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,660,000, adding $4,959 every year, while hoping to spend $25,048 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: 49/35/16 Blend
41$1,660,000$1,660,000$1,660,000$1,660,000
42$1,834,435$1,746,455$1,720,725$1,915,938
43$1,994,897$1,805,381$1,751,719$2,031,646
44$2,170,886$1,866,354$1,782,911$2,154,282
45$2,363,960$1,929,449$1,814,282$2,286,953
46$2,575,834$1,994,742$1,845,811$2,430,612
47$2,808,398$2,062,314$1,877,475$2,586,304
48$3,063,734$2,132,246$1,909,249$2,755,178
49$3,344,133$2,204,624$1,941,107$2,938,501
50$3,652,122$2,279,538$1,973,021$3,137,664
51$3,990,482$2,357,080$2,004,962$3,354,199
52$4,362,280$2,437,345$2,036,896$3,589,790
53$4,770,891$2,520,433$2,068,790$3,846,292
54$5,220,035$2,606,448$2,100,609$4,125,746
55$5,713,811$2,695,497$2,132,312$4,430,398
56$6,256,735$2,787,691$2,163,859$4,762,719
57$6,853,780$2,883,146$2,195,207$5,125,433
58$7,510,428$2,981,983$2,226,309$5,521,535
59$8,232,718$3,084,326$2,257,116$5,954,323
60$9,027,302$3,190,304$2,287,576$6,427,429
61$9,901,511$3,300,054$2,317,634$6,944,853
62$10,863,423$3,413,714$2,347,232$7,510,997
63$11,921,936$3,531,430$2,376,309$8,130,710
64$13,086,856$3,653,353$2,404,798$8,809,332
65$14,368,988$3,779,640$2,432,631$9,552,743
66$15,780,237$3,910,454$2,459,737$10,367,420
67$17,333,720$4,045,965$2,486,036$11,260,496
68$19,043,891$4,186,349$2,511,450$12,239,827
69$20,926,676$4,331,789$2,535,892$13,314,065
70$22,999,626$4,482,475$2,559,273$14,492,743
71$25,282,076$4,638,605$2,581,497$15,786,360
72$27,795,337$4,800,385$2,602,466$17,206,480
73$30,562,885$4,968,028$2,622,073$18,765,843
74$33,610,596$5,141,757$2,640,209$20,478,483
75$36,966,977$5,321,804$2,656,756$22,359,862
76$40,663,444$5,508,408$2,671,593$24,427,009
77$44,734,615$5,701,819$2,684,590$26,698,689
78$49,218,635$5,902,298$2,695,614$29,195,574
79$54,157,539$6,110,114$2,704,521$31,940,436
80$59,597,648$6,325,550$2,711,162$34,958,368
81$65,590,004$6,548,897$2,715,381$38,277,011
82$72,190,851$6,780,460$2,717,013$41,926,823
83$79,462,171$7,020,555$2,715,886$45,941,359
84$87,472,263$7,269,513$2,711,819$50,357,591
85$96,296,390$7,527,675$2,704,621$55,216,254
86$106,017,490$7,795,400$2,694,094$60,562,232
87$116,726,956$8,073,056$2,680,029$66,444,976
88$128,525,502$8,361,033$2,662,206$72,918,976
89$141,524,110$8,659,730$2,640,397$80,044,271
90$155,845,080$8,969,567$2,614,360$87,887,013
91$171,623,182$9,290,980$2,583,846$96,520,095
92$189,006,931$9,624,422$2,548,589$106,023,834
93$208,159,985$9,970,366$2,508,313$116,486,732
94$229,262,692$10,329,303$2,462,731$128,006,305
95$252,513,793$10,701,745$2,411,538$140,690,007
96$278,132,294$11,088,225$2,354,419$154,656,242
97$306,359,539$11,489,299$2,291,043$170,035,478
98$337,461,482$11,905,544$2,221,063$186,971,483
99$371,731,201$12,337,564$2,144,117$205,622,673
100$409,491,663$12,785,985$2,059,825$226,163,612