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

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$137,907$136,679$135,480$134,310$133,168$129,633
2 years$68,271$66,999$65,767$64,572$63,413$59,877
3 years$45,062$43,785$42,556$41,372$40,232$36,804
4 years$33,460$32,186$30,970$29,806$28,694$25,401
5 years$26,500$25,235$24,034$22,894$21,813$18,664
6 years$21,862$20,606$19,423$18,309$17,260$14,259
7 years$18,550$17,305$16,140$15,052$14,037$11,183
8 years$16,068$14,833$13,688$12,627$11,645$8,938
9 years$14,138$12,915$11,790$10,756$9,807$7,243
10 years$12,595$11,384$10,279$9,271$8,356$5,933
11 years$11,333$10,135$9,049$8,069$7,186$4,900
12 years$10,282$9,096$8,031$7,077$6,227$4,074
13 years$9,394$8,220$7,175$6,248$5,430$3,405
14 years$8,633$7,472$6,447$5,547$4,760$2,858
15 years$7,975$6,826$5,821$4,947$4,191$2,408
16 years$7,399$6,263$5,277$4,429$3,704$2,034
17 years$6,891$5,768$4,802$3,980$3,284$1,723
18 years$6,441$5,330$4,384$3,586$2,920$1,462
19 years$6,038$4,939$4,013$3,241$2,603$1,243
20 years$5,676$4,590$3,683$2,935$2,325$1,058
21 years$5,349$4,275$3,388$2,664$2,081$902
22 years$5,052$3,991$3,122$2,422$1,865$770
23 years$4,781$3,733$2,883$2,206$1,674$657
24 years$4,533$3,497$2,666$2,012$1,505$562
25 years$4,306$3,282$2,469$1,837$1,354$481
26 years$4,096$3,084$2,290$1,680$1,220$411
27 years$3,902$2,903$2,127$1,538$1,100$352
28 years$3,722$2,735$1,977$1,409$992$301
29 years$3,555$2,580$1,840$1,292$896$258
30 years$3,399$2,437$1,714$1,186$810$221
31 years$3,254$2,304$1,598$1,089$732$190
32 years$3,118$2,180$1,491$1,001$662$163
33 years$2,991$2,064$1,392$920$599$139
34 years$2,871$1,957$1,300$847$542$120
35 years$2,758$1,856$1,216$779$491$103
36 years$2,652$1,761$1,137$718$445$88
37 years$2,552$1,673$1,065$661$403$75
38 years$2,458$1,590$997$610$366$65
39 years$2,368$1,512$934$562$332$56
40 years$2,283$1,438$875$518$301$48
41 years$2,203$1,369$821$478$273$41
42 years$2,126$1,304$770$441$248$35
43 years$2,053$1,242$723$408$225$30
44 years$1,984$1,184$678$376$204$26
45 years$1,918$1,129$637$347$185$22
46 years$1,855$1,077$598$321$168$19
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 $4,157 every year, while hoping to spend $45,323 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: 27/48/25 Blend
41$1,670,000$1,670,000$1,670,000$1,670,000
42$1,844,628$1,756,118$1,730,233$1,879,885
43$1,984,557$1,793,944$1,739,972$1,946,203
44$2,137,239$1,832,105$1,748,519$2,013,146
45$2,303,928$1,870,569$1,755,785$2,084,080
46$2,486,003$1,909,302$1,761,679$2,159,376
47$2,684,983$1,948,265$1,766,102$2,239,442
48$2,902,539$1,987,417$1,768,954$2,324,726
49$3,140,512$2,026,715$1,770,128$2,415,729
50$3,400,928$2,066,108$1,769,512$2,512,998
51$3,686,020$2,105,544$1,766,987$2,617,140
52$3,998,244$2,144,966$1,762,431$2,728,828
53$4,340,307$2,184,311$1,755,714$2,848,800
54$4,715,188$2,223,513$1,746,701$2,977,876
55$5,126,171$2,262,499$1,735,250$3,116,958
56$5,576,871$2,301,191$1,721,211$3,267,045
57$6,071,268$2,339,506$1,704,428$3,429,239
58$6,613,749$2,377,353$1,684,738$3,604,758
59$7,209,144$2,414,636$1,661,969$3,794,946
60$7,862,775$2,451,251$1,635,943$4,001,287
61$8,580,502$2,487,087$1,606,471$4,225,421
62$9,368,783$2,522,023$1,573,357$4,469,160
63$10,234,730$2,555,934$1,536,396$4,734,501
64$11,186,179$2,588,681$1,495,372$5,023,652
65$12,231,762$2,620,119$1,450,060$5,339,051
66$13,380,989$2,650,093$1,400,224$5,683,386
67$14,644,338$2,678,435$1,345,619$6,059,630
68$16,033,351$2,704,969$1,285,988$6,471,059
69$17,560,744$2,729,504$1,221,060$6,921,294
70$19,240,529$2,751,839$1,150,555$7,414,329
71$21,088,143$2,771,759$1,074,179$7,954,573
72$23,120,594$2,789,035$991,624$8,546,893
73$25,356,620$2,803,424$902,569$9,196,657
74$27,816,870$2,814,666$806,679$9,909,794
75$30,524,092$2,822,486$703,605$10,692,843
76$33,503,353$2,826,591$592,979$11,553,020
77$36,782,271$2,826,670$474,420$12,498,287
78$40,391,279$2,822,393$347,528$13,537,431
79$44,363,907$2,813,408$211,889$14,680,145
80$48,737,104$2,799,344$67,066$15,937,121
81$53,551,582$2,779,805$0$17,320,158
82$58,852,200$2,754,372$0$18,865,608
83$64,688,390$2,722,602$0$20,585,098
84$71,114,619$2,684,022$0$22,476,687
85$78,190,905$2,638,135$0$24,557,983
86$85,983,385$2,584,410$0$26,848,394
87$94,564,933$2,522,289$0$29,369,322
88$104,015,853$2,451,178$0$32,144,360
89$114,424,634$2,370,450$0$35,199,520
90$125,888,784$2,279,440$0$38,563,479
91$138,515,752$2,177,444$0$42,267,852
92$152,423,940$2,063,720$0$46,347,493
93$167,743,819$1,937,480$0$50,840,824
94$184,619,164$1,797,892$0$55,790,204
95$203,208,407$1,644,077$0$61,242,329
96$223,686,133$1,475,104$0$67,248,674
97$246,244,726$1,289,992$0$73,865,987
98$271,096,187$1,087,701$0$81,156,820
99$298,474,135$867,135$0$89,190,132
100$328,636,007$627,135$0$98,041,934