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%16.6%
1 years$137,907$136,679$135,480$134,310$133,168$129,581
2 years$68,271$66,999$65,767$64,572$63,413$59,825
3 years$45,062$43,785$42,556$41,372$40,232$36,755
4 years$33,460$32,186$30,970$29,806$28,694$25,354
5 years$26,500$25,235$24,034$22,894$21,813$18,620
6 years$21,862$20,606$19,423$18,309$17,260$14,217
7 years$18,550$17,305$16,140$15,052$14,037$11,144
8 years$16,068$14,833$13,688$12,627$11,645$8,901
9 years$14,138$12,915$11,790$10,756$9,807$7,209
10 years$12,595$11,384$10,279$9,271$8,356$5,901
11 years$11,333$10,135$9,049$8,069$7,186$4,871
12 years$10,282$9,096$8,031$7,077$6,227$4,047
13 years$9,394$8,220$7,175$6,248$5,430$3,380
14 years$8,633$7,472$6,447$5,547$4,760$2,836
15 years$7,975$6,826$5,821$4,947$4,191$2,387
16 years$7,399$6,263$5,277$4,429$3,704$2,015
17 years$6,891$5,768$4,802$3,980$3,284$1,706
18 years$6,441$5,330$4,384$3,586$2,920$1,447
19 years$6,038$4,939$4,013$3,241$2,603$1,229
20 years$5,676$4,590$3,683$2,935$2,325$1,045
21 years$5,349$4,275$3,388$2,664$2,081$890
22 years$5,052$3,991$3,122$2,422$1,865$759
23 years$4,781$3,733$2,883$2,206$1,674$648
24 years$4,533$3,497$2,666$2,012$1,505$553
25 years$4,306$3,282$2,469$1,837$1,354$473
26 years$4,096$3,084$2,290$1,680$1,220$404
27 years$3,902$2,903$2,127$1,538$1,100$346
28 years$3,722$2,735$1,977$1,409$992$296
29 years$3,555$2,580$1,840$1,292$896$253
30 years$3,399$2,437$1,714$1,186$810$217
31 years$3,254$2,304$1,598$1,089$732$186
32 years$3,118$2,180$1,491$1,001$662$159
33 years$2,991$2,064$1,392$920$599$136
34 years$2,871$1,957$1,300$847$542$117
35 years$2,758$1,856$1,216$779$491$100
36 years$2,652$1,761$1,137$718$445$86
37 years$2,552$1,673$1,065$661$403$73
38 years$2,458$1,590$997$610$366$63
39 years$2,368$1,512$934$562$332$54
40 years$2,283$1,438$875$518$301$46
41 years$2,203$1,369$821$478$273$40
42 years$2,126$1,304$770$441$248$34
43 years$2,053$1,242$723$408$225$29
44 years$1,984$1,184$678$376$204$25
45 years$1,918$1,129$637$347$185$21
46 years$1,855$1,077$598$321$168$18
47 years$1,795$1,028$562$297$153$16
48 years$1,738$981$528$274$139$14
49 years$1,683$937$496$253$126$12
50 years$1,631$895$467$234$114$10

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 $5,221 every year, while hoping to spend $54,264 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: 42/35/23 Blend
41$1,670,000$1,670,000$1,670,000$1,670,000
42$1,845,725$1,757,215$1,731,330$1,910,619
43$1,976,253$1,785,583$1,731,594$1,985,782
44$2,118,276$1,813,521$1,730,047$2,061,529
45$2,272,909$1,840,952$1,726,572$2,142,472
46$2,441,379$1,867,793$1,721,046$2,229,119
47$2,625,037$1,893,952$1,713,339$2,322,031
48$2,825,370$1,919,335$1,703,315$2,421,828
49$3,044,013$1,943,837$1,690,831$2,529,197
50$3,282,766$1,967,350$1,675,738$2,644,895
51$3,543,613$1,989,754$1,657,880$2,769,760
52$3,828,736$2,010,926$1,637,093$2,904,716
53$4,140,536$2,030,731$1,613,205$3,050,785
54$4,481,661$2,049,027$1,586,037$3,209,098
55$4,855,021$2,065,660$1,555,400$3,380,902
56$5,263,826$2,080,470$1,521,099$3,567,576
57$5,711,608$2,093,284$1,482,927$3,770,642
58$6,202,255$2,103,919$1,440,668$3,991,783
59$6,740,052$2,112,178$1,394,098$4,232,856
60$7,329,718$2,117,855$1,342,980$4,495,912
61$7,976,448$2,120,728$1,287,069$4,783,218
62$8,685,966$2,120,564$1,226,106$5,097,275
63$9,464,576$2,117,114$1,159,822$5,440,846
64$10,319,223$2,110,113$1,087,936$5,816,981
65$11,257,555$2,099,280$1,010,154$6,229,049
66$12,288,000$2,084,318$926,168$6,680,766
67$13,419,838$2,064,912$835,657$7,176,237
68$14,663,295$2,040,726$738,285$7,719,993
69$16,029,635$2,011,406$633,702$8,317,032
70$17,531,269$1,976,577$521,542$8,972,876
71$19,181,868$1,935,838$401,423$9,693,613
72$20,996,494$1,888,770$272,946$10,485,967
73$22,991,741$1,834,924$135,694$11,357,355
74$25,185,892$1,773,828$0$12,315,962
75$27,599,089$1,704,983$0$13,373,465
76$30,253,526$1,627,857$0$14,572,894
77$33,173,655$1,541,890$0$15,892,023
78$36,386,416$1,446,491$0$17,343,105
79$39,921,494$1,341,033$0$18,939,645
80$43,811,595$1,224,852$0$20,696,540
81$48,092,757$1,097,249$0$22,630,209
82$52,804,687$957,483$0$24,758,759
83$57,991,138$804,773$0$27,102,152
84$63,700,318$638,291$0$29,682,396
85$69,985,349$457,166$0$32,523,757
86$76,904,762$260,475$0$35,652,986
87$84,523,054$47,244$0$39,099,575
88$92,911,293$0$0$42,896,040
89$102,147,790$0$0$47,148,920
90$112,318,834$0$0$51,852,417
91$123,519,512$0$0$57,032,343
92$135,854,601$0$0$62,737,186
93$149,439,555$0$0$69,020,381
94$164,401,600$0$0$75,940,808
95$180,880,929$0$0$83,563,349
96$199,032,025$0$0$91,959,502
97$219,025,123$0$0$101,208,052
98$241,047,809$0$0$111,395,818
99$265,306,797$0$0$122,618,469
100$292,029,872$0$0$134,981,429