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%12.3%
1 years$138,733$137,497$136,291$135,115$133,966$132,677
2 years$68,680$67,401$66,161$64,959$63,793$62,495
3 years$45,332$44,047$42,810$41,620$40,473$39,206
4 years$33,660$32,379$31,155$29,985$28,866$27,639
5 years$26,659$25,386$24,178$23,031$21,943$20,761
6 years$21,993$20,729$19,539$18,418$17,363$16,226
7 years$18,661$17,408$16,237$15,143$14,121$13,030
8 years$16,164$14,922$13,770$12,703$11,714$10,670
9 years$14,222$12,993$11,860$10,820$9,865$8,866
10 years$12,670$11,452$10,340$9,327$8,406$7,452
11 years$11,401$10,195$9,103$8,117$7,229$6,319
12 years$10,344$9,151$8,079$7,120$6,265$5,398
13 years$9,450$8,270$7,218$6,286$5,463$4,639
14 years$8,685$7,517$6,485$5,580$4,789$4,006
15 years$8,022$6,867$5,855$4,976$4,216$3,474
16 years$7,443$6,300$5,309$4,456$3,726$3,023
17 years$6,932$5,802$4,831$4,003$3,304$2,638
18 years$6,479$5,361$4,410$3,608$2,938$2,308
19 years$6,074$4,969$4,037$3,260$2,619$2,024
20 years$5,710$4,617$3,705$2,953$2,339$1,778
21 years$5,381$4,301$3,408$2,680$2,093$1,565
22 years$5,082$4,015$3,141$2,436$1,876$1,379
23 years$4,810$3,755$2,900$2,219$1,684$1,217
24 years$4,560$3,518$2,682$2,024$1,514$1,075
25 years$4,331$3,302$2,484$1,848$1,362$950
26 years$4,120$3,103$2,304$1,690$1,227$841
27 years$3,925$2,920$2,139$1,547$1,106$744
28 years$3,744$2,752$1,989$1,417$998$660
29 years$3,576$2,596$1,851$1,300$901$585
30 years$3,420$2,452$1,724$1,193$814$519
31 years$3,274$2,318$1,607$1,095$736$460
32 years$3,137$2,193$1,500$1,007$666$409
33 years$3,009$2,077$1,400$926$603$363
34 years$2,888$1,968$1,308$852$546$322
35 years$2,775$1,867$1,223$784$494$286
36 years$2,668$1,772$1,144$722$448$255
37 years$2,567$1,683$1,071$665$406$226
38 years$2,472$1,599$1,003$613$368$201
39 years$2,382$1,521$940$565$334$179
40 years$2,297$1,447$881$522$303$159
41 years$2,216$1,377$826$481$275$142
42 years$2,139$1,312$775$444$249$126
43 years$2,066$1,250$727$410$226$112
44 years$1,996$1,191$682$379$205$100
45 years$1,930$1,136$641$350$186$89
46 years$1,866$1,084$602$323$169$79
47 years$1,806$1,034$565$298$154$70
48 years$1,748$987$531$276$140$63
49 years$1,693$943$499$255$127$56
50 years$1,640$901$469$235$115$50

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 $3,996 every year, while hoping to spend $44,288 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: 74/16/10 Blend
41$1,680,000$1,680,000$1,680,000$1,680,000
42$1,855,482$1,766,442$1,740,402$1,989,101
43$1,997,619$1,805,875$1,751,583$2,117,227
44$2,152,770$1,845,757$1,761,655$2,251,612
45$2,322,215$1,886,061$1,770,533$2,397,606
46$2,507,364$1,926,762$1,778,129$2,556,344
47$2,709,769$1,967,827$1,784,350$2,729,078
48$2,931,139$2,009,224$1,789,099$2,917,186
49$3,173,355$2,050,916$1,792,275$3,122,185
50$3,438,490$2,092,864$1,793,768$3,345,746
51$3,728,824$2,135,022$1,793,468$3,589,713
52$4,046,870$2,177,344$1,791,255$3,856,112
53$4,395,394$2,219,777$1,787,005$4,147,180
54$4,777,444$2,262,266$1,780,589$4,465,377
55$5,196,375$2,304,749$1,771,871$4,813,417
56$5,655,883$2,347,159$1,760,706$5,194,288
57$6,160,040$2,389,427$1,746,946$5,611,282
58$6,713,329$2,431,474$1,730,434$6,068,028
59$7,320,690$2,473,218$1,711,005$6,568,522
60$7,987,564$2,514,569$1,688,488$7,117,168
61$8,719,944$2,555,431$1,662,701$7,718,821
62$9,524,433$2,595,702$1,633,456$8,378,827
63$10,408,304$2,635,270$1,600,555$9,103,079
64$11,379,569$2,674,017$1,563,793$9,898,070
65$12,447,057$2,711,816$1,522,951$10,770,954
66$13,620,492$2,748,530$1,477,805$11,729,618
67$14,910,588$2,784,014$1,428,118$12,782,748
68$16,329,149$2,818,111$1,373,641$13,939,920
69$17,889,181$2,850,657$1,314,116$15,211,684
70$19,605,011$2,881,473$1,249,272$16,609,668
71$21,492,426$2,910,369$1,178,827$18,146,684
72$23,568,821$2,937,144$1,102,485$19,836,853
73$25,853,359$2,961,583$1,019,937$21,695,735
74$28,367,156$2,983,455$930,859$23,740,477
75$31,133,478$3,002,517$834,915$25,989,978
76$34,177,961$3,018,508$731,753$28,465,061
77$37,528,850$3,031,152$621,004$31,188,679
78$41,217,269$3,040,155$502,284$34,186,121
79$45,277,512$3,045,204$375,192$37,485,262
80$49,747,366$3,045,967$239,308$41,116,816
81$54,668,469$3,042,091$94,197$45,114,634
82$60,086,701$3,033,201$0$49,516,022
83$66,052,617$3,018,901$0$54,368,563
84$72,621,924$2,998,768$0$59,722,237
85$79,856,007$2,972,354$0$65,616,965
86$87,822,506$2,939,185$0$72,107,827
87$96,595,955$2,898,759$0$79,255,521
88$106,258,486$2,850,541$0$87,126,931
89$116,900,602$2,793,968$0$95,795,769
90$128,622,031$2,728,441$0$105,343,259
91$141,532,670$2,653,326$0$115,858,913
92$155,753,617$2,567,953$0$127,441,372
93$171,418,315$2,471,612$0$140,199,337
94$188,673,815$2,363,553$0$154,252,599
95$207,682,156$2,242,979$0$169,733,163
96$228,621,902$2,109,051$0$186,786,505
97$251,689,822$1,960,880$0$205,572,935
98$277,102,747$1,797,526$0$226,269,117
99$305,099,617$1,617,996$0$249,069,736
100$335,943,739$1,421,238$0$274,189,337