Can I retire at age 42 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$137,907$136,679$135,480$134,310$133,168$128,802
2 years$68,271$66,999$65,767$64,572$63,413$59,057
3 years$45,062$43,785$42,556$41,372$40,232$36,021
4 years$33,460$32,186$30,970$29,806$28,694$24,661
5 years$26,500$25,235$24,034$22,894$21,813$17,968
6 years$21,862$20,606$19,423$18,309$17,260$13,607
7 years$18,550$17,305$16,140$15,052$14,037$10,576
8 years$16,068$14,833$13,688$12,627$11,645$8,373
9 years$14,138$12,915$11,790$10,756$9,807$6,720
10 years$12,595$11,384$10,279$9,271$8,356$5,449
11 years$11,333$10,135$9,049$8,069$7,186$4,454
12 years$10,282$9,096$8,031$7,077$6,227$3,664
13 years$9,394$8,220$7,175$6,248$5,430$3,030
14 years$8,633$7,472$6,447$5,547$4,760$2,515
15 years$7,975$6,826$5,821$4,947$4,191$2,095
16 years$7,399$6,263$5,277$4,429$3,704$1,750
17 years$6,891$5,768$4,802$3,980$3,284$1,465
18 years$6,441$5,330$4,384$3,586$2,920$1,229
19 years$6,038$4,939$4,013$3,241$2,603$1,032
20 years$5,676$4,590$3,683$2,935$2,325$868
21 years$5,349$4,275$3,388$2,664$2,081$731
22 years$5,052$3,991$3,122$2,422$1,865$616
23 years$4,781$3,733$2,883$2,206$1,674$519
24 years$4,533$3,497$2,666$2,012$1,505$438
25 years$4,306$3,282$2,469$1,837$1,354$370
26 years$4,096$3,084$2,290$1,680$1,220$313
27 years$3,902$2,903$2,127$1,538$1,100$264
28 years$3,722$2,735$1,977$1,409$992$223
29 years$3,555$2,580$1,840$1,292$896$189
30 years$3,399$2,437$1,714$1,186$810$160
31 years$3,254$2,304$1,598$1,089$732$135
32 years$3,118$2,180$1,491$1,001$662$114
33 years$2,991$2,064$1,392$920$599$97
34 years$2,871$1,957$1,300$847$542$82
35 years$2,758$1,856$1,216$779$491$69
36 years$2,652$1,761$1,137$718$445$59
37 years$2,552$1,673$1,065$661$403$50
38 years$2,458$1,590$997$610$366$42
39 years$2,368$1,512$934$562$332$36
40 years$2,283$1,438$875$518$301$30
41 years$2,203$1,369$821$478$273$25
42 years$2,126$1,304$770$441$248$22
43 years$2,053$1,242$723$408$225$18
44 years$1,984$1,184$678$376$204$15
45 years$1,918$1,129$637$347$185$13
46 years$1,855$1,077$598$321$168$11
47 years$1,795$1,028$562$297$153$9
48 years$1,738$981$528$274$139$8
49 years$1,683$937$496$253$126$7
50 years$1,631$895$467$234$114$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,670,000, adding $4,908 every year, while hoping to spend $50,320 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: 36/40/24 Blend
41$1,670,000$1,670,000$1,670,000$1,670,000
42$1,845,403$1,756,893$1,731,008$1,898,334
43$1,980,094$1,789,440$1,735,456$1,970,300
44$2,126,837$1,821,896$1,738,367$2,042,965
45$2,286,808$1,854,203$1,739,637$2,120,412
46$2,461,301$1,886,298$1,739,154$2,203,100
47$2,651,742$1,918,115$1,736,804$2,291,538
48$2,859,699$1,949,582$1,732,466$2,386,289
49$3,086,898$1,980,621$1,726,013$2,487,974
50$3,335,240$2,011,150$1,717,313$2,597,278
51$3,606,817$2,041,079$1,706,225$2,714,962
52$3,903,934$2,070,313$1,692,605$2,841,861
53$4,229,127$2,098,750$1,676,299$2,978,903
54$4,585,190$2,126,281$1,657,148$3,127,110
55$4,975,200$2,152,789$1,634,982$3,287,612
56$5,402,543$2,178,148$1,609,627$3,461,657
57$5,870,951$2,202,227$1,580,898$3,650,623
58$6,384,534$2,224,881$1,548,604$3,856,035
59$6,947,816$2,245,960$1,512,542$4,079,573
60$7,565,783$2,265,302$1,472,502$4,323,096
61$8,243,925$2,282,734$1,428,263$4,588,654
62$8,988,291$2,298,073$1,379,595$4,878,513
63$9,805,541$2,311,124$1,326,256$5,195,174
64$10,703,015$2,321,678$1,267,995$5,541,399
65$11,688,797$2,329,514$1,204,547$5,920,237
66$12,771,792$2,334,398$1,135,636$6,335,054
67$13,961,810$2,336,079$1,060,976$6,789,566
68$15,269,660$2,334,292$980,264$7,287,876
69$16,707,249$2,328,756$893,186$7,834,510
70$18,287,695$2,319,171$799,414$8,434,466
71$20,025,449$2,305,220$698,604$9,093,260
72$21,936,436$2,286,567$590,398$9,816,979
73$24,038,197$2,262,853$474,421$10,612,339
74$26,350,062$2,233,702$350,283$11,486,754
75$28,893,326$2,198,711$217,575$12,448,403
76$31,691,453$2,157,455$75,872$13,506,310
77$34,770,295$2,109,485$0$14,670,432
78$38,158,339$2,054,323$0$15,971,052
79$41,886,969$1,991,465$0$17,422,982
80$45,990,769$1,920,376$0$19,020,266
81$50,507,843$1,840,490$0$20,777,784
82$55,480,179$1,751,209$0$22,711,940
83$60,954,039$1,651,900$0$24,840,821
84$66,980,402$1,541,894$0$27,184,370
85$73,615,439$1,420,483$0$29,764,573
86$80,921,045$1,286,918$0$32,605,670
87$88,965,424$1,140,409$0$35,734,385
88$97,823,727$980,120$0$39,180,181
89$107,578,769$805,167$0$42,975,540
90$118,321,800$614,617$0$47,156,271
91$130,153,376$407,486$0$51,761,851
92$143,184,299$182,731$0$56,835,799
93$157,536,668$0$0$62,426,092
94$173,345,027$0$0$68,612,356
95$190,757,636$0$0$75,515,338
96$209,937,871$0$0$83,119,417
97$231,065,763$0$0$91,496,010
98$254,339,699$0$0$100,723,815
99$279,978,290$0$0$110,889,555
100$308,222,440$0$0$122,088,796