Can I retire at age 42 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$138,733$137,497$136,291$135,115$133,966$129,007
2 years$68,680$67,401$66,161$64,959$63,793$58,854
3 years$45,332$44,047$42,810$41,620$40,473$35,708
4 years$33,660$32,379$31,155$29,985$28,866$24,311
5 years$26,659$25,386$24,178$23,031$21,943$17,611
6 years$21,993$20,729$19,539$18,418$17,363$13,256
7 years$18,661$17,408$16,237$15,143$14,121$10,238
8 years$16,164$14,922$13,770$12,703$11,714$8,053
9 years$14,222$12,993$11,860$10,820$9,865$6,420
10 years$12,670$11,452$10,340$9,327$8,406$5,170
11 years$11,401$10,195$9,103$8,117$7,229$4,196
12 years$10,344$9,151$8,079$7,120$6,265$3,427
13 years$9,450$8,270$7,218$6,286$5,463$2,812
14 years$8,685$7,517$6,485$5,580$4,789$2,317
15 years$8,022$6,867$5,855$4,976$4,216$1,915
16 years$7,443$6,300$5,309$4,456$3,726$1,587
17 years$6,932$5,802$4,831$4,003$3,304$1,317
18 years$6,479$5,361$4,410$3,608$2,938$1,096
19 years$6,074$4,969$4,037$3,260$2,619$913
20 years$5,710$4,617$3,705$2,953$2,339$761
21 years$5,381$4,301$3,408$2,680$2,093$636
22 years$5,082$4,015$3,141$2,436$1,876$531
23 years$4,810$3,755$2,900$2,219$1,684$444
24 years$4,560$3,518$2,682$2,024$1,514$371
25 years$4,331$3,302$2,484$1,848$1,362$311
26 years$4,120$3,103$2,304$1,690$1,227$260
27 years$3,925$2,920$2,139$1,547$1,106$218
28 years$3,744$2,752$1,989$1,417$998$183
29 years$3,576$2,596$1,851$1,300$901$153
30 years$3,420$2,452$1,724$1,193$814$128
31 years$3,274$2,318$1,607$1,095$736$107
32 years$3,137$2,193$1,500$1,007$666$90
33 years$3,009$2,077$1,400$926$603$76
34 years$2,888$1,968$1,308$852$546$63
35 years$2,775$1,867$1,223$784$494$53
36 years$2,668$1,772$1,144$722$448$45
37 years$2,567$1,683$1,071$665$406$37
38 years$2,472$1,599$1,003$613$368$31
39 years$2,382$1,521$940$565$334$26
40 years$2,297$1,447$881$522$303$22
41 years$2,216$1,377$826$481$275$18
42 years$2,139$1,312$775$444$249$16
43 years$2,066$1,250$727$410$226$13
44 years$1,996$1,191$682$379$205$11
45 years$1,930$1,136$641$350$186$9
46 years$1,866$1,084$602$323$169$8
47 years$1,806$1,034$565$298$154$6
48 years$1,748$987$531$276$140$5
49 years$1,693$943$499$255$127$5
50 years$1,640$901$469$235$115$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,680,000, adding $5,997 every year, while hoping to spend $20,561 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: 48/37/15 Blend
41$1,680,000$1,680,000$1,680,000$1,680,000
42$1,857,546$1,768,506$1,742,466$1,938,657
43$2,025,139$1,833,286$1,778,962$2,060,132
44$2,209,137$1,900,551$1,815,991$2,189,357
45$2,411,192$1,970,401$1,853,550$2,329,221
46$2,633,124$2,042,941$1,891,634$2,480,726
47$2,876,937$2,118,279$1,930,238$2,644,973
48$3,144,838$2,196,528$1,969,354$2,823,173
49$3,439,260$2,277,807$2,008,977$3,016,658
50$3,762,884$2,362,239$2,049,096$3,226,892
51$4,118,660$2,449,951$2,089,704$3,455,484
52$4,509,843$2,541,078$2,130,788$3,704,206
53$4,940,016$2,635,759$2,172,338$3,975,006
54$5,413,126$2,734,141$2,214,340$4,270,026
55$5,933,525$2,836,373$2,256,780$4,591,625
56$6,506,004$2,942,615$2,299,642$4,942,396
57$7,135,845$3,053,031$2,342,908$5,325,194
58$7,828,865$3,167,795$2,386,560$5,743,161
59$8,591,477$3,287,084$2,430,577$6,199,755
60$9,430,743$3,411,086$2,474,937$6,698,781
61$10,354,446$3,539,997$2,519,615$7,244,428
62$11,371,164$3,674,021$2,564,586$7,841,307
63$12,490,344$3,813,369$2,609,821$8,494,496
64$13,722,398$3,958,264$2,655,290$9,209,583
65$15,078,801$4,108,937$2,700,960$9,992,722
66$16,572,194$4,265,630$2,746,797$10,850,688
67$18,216,506$4,428,594$2,792,763$11,790,942
68$20,027,087$4,598,093$2,838,819$12,821,699
69$22,020,852$4,774,401$2,884,921$13,952,006
70$24,216,437$4,957,805$2,931,023$15,191,826
71$26,634,379$5,148,603$2,977,079$16,552,130
72$29,297,310$5,347,108$3,023,035$18,045,002
73$32,230,165$5,553,646$3,068,836$19,683,751
74$35,460,424$5,768,558$3,114,425$21,483,036
75$39,018,368$5,992,197$3,159,738$23,459,002
76$42,937,362$6,224,936$3,204,710$25,629,432
77$47,254,177$6,467,161$3,249,271$28,013,915
78$52,009,328$6,719,277$3,293,347$30,634,029
79$57,247,464$6,981,706$3,336,859$33,513,543
80$63,017,786$7,254,890$3,379,724$36,678,640
81$69,374,509$7,539,289$3,421,854$40,158,164
82$76,377,379$7,835,384$3,463,156$43,983,890
83$84,092,231$8,143,678$3,503,532$48,190,822
84$92,591,616$8,464,695$3,542,877$52,817,525
85$101,955,481$8,798,985$3,581,083$57,906,482
86$112,271,924$9,147,119$3,618,034$63,504,501
87$123,638,030$9,509,698$3,653,607$69,663,147
88$136,160,781$9,887,345$3,687,675$76,439,233
89$149,958,070$10,280,715$3,720,102$83,895,354
90$165,159,813$10,690,489$3,750,745$92,100,471
91$181,909,173$11,117,383$3,779,454$101,130,567
92$200,363,915$11,562,140$3,806,072$111,069,357
93$220,697,890$12,025,541$3,830,431$122,009,080
94$243,102,682$12,508,399$3,852,358$134,051,364
95$267,789,411$13,011,566$3,871,667$147,308,185
96$294,990,729$13,535,932$3,888,166$161,902,924
97$324,963,016$14,082,425$3,901,653$177,971,523
98$357,988,798$14,652,018$3,911,913$195,663,773
99$394,379,416$15,245,728$3,918,722$215,144,720
100$434,477,963$15,864,615$3,921,846$236,596,223