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

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$138,733$137,497$136,291$135,115$133,966$130,940
2 years$68,680$67,401$66,161$64,959$63,793$60,761
3 years$45,332$44,047$42,810$41,620$40,473$37,529
4 years$33,660$32,379$31,155$29,985$28,866$26,033
5 years$26,659$25,386$24,178$23,031$21,943$19,229
6 years$21,993$20,729$19,539$18,418$17,363$14,771
7 years$18,661$17,408$16,237$15,143$14,121$11,651
8 years$16,164$14,922$13,770$12,703$11,714$9,366
9 years$14,222$12,993$11,860$10,820$9,865$7,636
10 years$12,670$11,452$10,340$9,327$8,406$6,293
11 years$11,401$10,195$9,103$8,117$7,229$5,231
12 years$10,344$9,151$8,079$7,120$6,265$4,378
13 years$9,450$8,270$7,218$6,286$5,463$3,684
14 years$8,685$7,517$6,485$5,580$4,789$3,113
15 years$8,022$6,867$5,855$4,976$4,216$2,641
16 years$7,443$6,300$5,309$4,456$3,726$2,248
17 years$6,932$5,802$4,831$4,003$3,304$1,917
18 years$6,479$5,361$4,410$3,608$2,938$1,639
19 years$6,074$4,969$4,037$3,260$2,619$1,404
20 years$5,710$4,617$3,705$2,953$2,339$1,204
21 years$5,381$4,301$3,408$2,680$2,093$1,035
22 years$5,082$4,015$3,141$2,436$1,876$890
23 years$4,810$3,755$2,900$2,219$1,684$766
24 years$4,560$3,518$2,682$2,024$1,514$660
25 years$4,331$3,302$2,484$1,848$1,362$569
26 years$4,120$3,103$2,304$1,690$1,227$491
27 years$3,925$2,920$2,139$1,547$1,106$423
28 years$3,744$2,752$1,989$1,417$998$365
29 years$3,576$2,596$1,851$1,300$901$316
30 years$3,420$2,452$1,724$1,193$814$273
31 years$3,274$2,318$1,607$1,095$736$236
32 years$3,137$2,193$1,500$1,007$666$204
33 years$3,009$2,077$1,400$926$603$176
34 years$2,888$1,968$1,308$852$546$152
35 years$2,775$1,867$1,223$784$494$132
36 years$2,668$1,772$1,144$722$448$114
37 years$2,567$1,683$1,071$665$406$99
38 years$2,472$1,599$1,003$613$368$85
39 years$2,382$1,521$940$565$334$74
40 years$2,297$1,447$881$522$303$64
41 years$2,216$1,377$826$481$275$55
42 years$2,139$1,312$775$444$249$48
43 years$2,066$1,250$727$410$226$41
44 years$1,996$1,191$682$379$205$36
45 years$1,930$1,136$641$350$186$31
46 years$1,866$1,084$602$323$169$27
47 years$1,806$1,034$565$298$154$23
48 years$1,748$987$531$276$140$20
49 years$1,693$943$499$255$127$17
50 years$1,640$901$469$235$115$15

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 $5,551 every year, while hoping to spend $32,187 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: 60/12/28 Blend
41$1,680,000$1,680,000$1,680,000$1,680,000
42$1,857,086$1,768,046$1,742,006$1,954,131
43$2,012,262$1,820,433$1,766,116$2,073,361
44$2,182,187$1,874,309$1,789,956$2,199,479
45$2,368,332$1,929,712$1,813,481$2,336,424
46$2,572,316$1,986,682$1,836,647$2,485,261
47$2,795,922$2,045,259$1,859,404$2,647,160
48$3,041,115$2,105,486$1,881,703$2,823,409
49$3,310,057$2,167,404$1,903,489$3,015,428
50$3,605,133$2,231,056$1,924,706$3,224,784
51$3,928,966$2,296,487$1,945,292$3,453,199
52$4,284,447$2,363,741$1,965,186$3,702,571
53$4,674,761$2,432,865$1,984,321$3,974,995
54$5,103,416$2,503,905$2,002,625$4,272,773
55$5,574,277$2,576,909$2,020,025$4,598,447
56$6,091,600$2,651,925$2,036,443$4,954,815
57$6,660,076$2,729,001$2,051,797$5,344,960
58$7,284,871$2,808,190$2,065,999$5,772,280
59$7,971,677$2,889,540$2,078,959$6,240,519
60$8,726,766$2,973,106$2,090,582$6,753,801
61$9,557,046$3,058,938$2,100,767$7,316,674
62$10,470,129$3,147,090$2,109,407$7,934,146
63$11,474,403$3,237,617$2,116,392$8,611,737
64$12,579,106$3,330,575$2,121,605$9,355,530
65$13,794,419$3,426,018$2,124,924$10,172,228
66$15,131,561$3,524,003$2,126,219$11,069,218
67$16,602,889$3,624,588$2,125,357$12,054,641
68$18,222,022$3,727,831$2,122,194$13,137,467
69$20,003,964$3,833,791$2,116,584$14,327,580
70$21,965,248$3,942,526$2,108,369$15,635,876
71$24,124,091$4,054,098$2,097,386$17,074,360
72$26,500,564$4,168,565$2,083,465$18,656,262
73$29,116,787$4,285,989$2,066,426$20,396,162
74$31,997,128$4,406,432$2,046,081$22,310,126
75$35,168,443$4,529,956$2,022,233$24,415,864
76$38,660,322$4,656,621$1,994,675$26,732,886
77$42,505,371$4,786,491$1,963,192$29,282,700
78$46,739,518$4,919,628$1,927,558$32,089,002
79$51,402,353$5,056,095$1,887,537$35,177,910
80$56,537,504$5,195,954$1,842,879$38,578,206
81$62,193,041$5,339,267$1,793,327$42,321,607
82$68,421,937$5,486,097$1,738,610$46,443,071
83$75,282,564$5,636,506$1,678,443$50,981,116
84$82,839,246$5,790,555$1,612,531$55,978,198
85$91,162,862$5,948,305$1,540,564$61,481,098
86$100,331,518$6,109,816$1,462,217$67,541,376
87$110,431,283$6,275,147$1,377,151$74,215,849
88$121,557,002$6,444,357$1,285,014$81,567,135
89$133,813,188$6,617,503$1,185,434$89,664,238
90$147,315,013$6,794,641$1,078,026$98,583,204
91$162,189,390$6,975,823$962,385$108,407,839
92$178,576,173$7,161,104$838,090$119,230,500
93$196,629,477$7,350,532$704,700$131,152,967
94$216,519,131$7,544,156$561,756$144,287,403
95$238,432,284$7,742,021$408,776$158,757,419
96$262,575,167$7,944,170$245,260$174,699,236
97$289,175,042$8,150,642$70,684$192,262,972
98$318,482,346$8,361,474$0$211,614,064
99$350,773,056$8,576,697$0$232,969,369
100$386,351,292$8,796,339$0$256,520,042