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%13.7%
1 years$138,733$137,497$136,291$135,115$133,966$131,909
2 years$68,680$67,401$66,161$64,959$63,793$61,726
3 years$45,332$44,047$42,810$41,620$40,473$38,460
4 years$33,660$32,379$31,155$29,985$28,866$26,922
5 years$26,659$25,386$24,178$23,031$21,943$20,075
6 years$21,993$20,729$19,539$18,418$17,363$15,572
7 years$18,661$17,408$16,237$15,143$14,121$12,407
8 years$16,164$14,922$13,770$12,703$11,714$10,078
9 years$14,222$12,993$11,860$10,820$9,865$8,306
10 years$12,670$11,452$10,340$9,327$8,406$6,922
11 years$11,401$10,195$9,103$8,117$7,229$5,819
12 years$10,344$9,151$8,079$7,120$6,265$4,927
13 years$9,450$8,270$7,218$6,286$5,463$4,195
14 years$8,685$7,517$6,485$5,580$4,789$3,589
15 years$8,022$6,867$5,855$4,976$4,216$3,083
16 years$7,443$6,300$5,309$4,456$3,726$2,657
17 years$6,932$5,802$4,831$4,003$3,304$2,296
18 years$6,479$5,361$4,410$3,608$2,938$1,989
19 years$6,074$4,969$4,037$3,260$2,619$1,727
20 years$5,710$4,617$3,705$2,953$2,339$1,501
21 years$5,381$4,301$3,408$2,680$2,093$1,307
22 years$5,082$4,015$3,141$2,436$1,876$1,140
23 years$4,810$3,755$2,900$2,219$1,684$995
24 years$4,560$3,518$2,682$2,024$1,514$869
25 years$4,331$3,302$2,484$1,848$1,362$760
26 years$4,120$3,103$2,304$1,690$1,227$665
27 years$3,925$2,920$2,139$1,547$1,106$582
28 years$3,744$2,752$1,989$1,417$998$510
29 years$3,576$2,596$1,851$1,300$901$447
30 years$3,420$2,452$1,724$1,193$814$392
31 years$3,274$2,318$1,607$1,095$736$344
32 years$3,137$2,193$1,500$1,007$666$302
33 years$3,009$2,077$1,400$926$603$265
34 years$2,888$1,968$1,308$852$546$233
35 years$2,775$1,867$1,223$784$494$204
36 years$2,668$1,772$1,144$722$448$179
37 years$2,567$1,683$1,071$665$406$158
38 years$2,472$1,599$1,003$613$368$138
39 years$2,382$1,521$940$565$334$122
40 years$2,297$1,447$881$522$303$107
41 years$2,216$1,377$826$481$275$94
42 years$2,139$1,312$775$444$249$83
43 years$2,066$1,250$727$410$226$73
44 years$1,996$1,191$682$379$205$64
45 years$1,930$1,136$641$350$186$56
46 years$1,866$1,084$602$323$169$49
47 years$1,806$1,034$565$298$154$43
48 years$1,748$987$531$276$140$38
49 years$1,693$943$499$255$127$34
50 years$1,640$901$469$235$115$29

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 $3,040 every year, while hoping to spend $25,104 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: 68/18/14 Blend
41$1,680,000$1,680,000$1,680,000$1,680,000
42$1,854,496$1,765,456$1,739,416$1,974,455
43$2,016,944$1,825,253$1,770,976$2,114,517
44$2,195,120$1,887,138$1,802,752$2,264,388
45$2,390,603$1,951,188$1,834,724$2,427,667
46$2,605,129$2,017,481$1,866,872$2,605,668
47$2,840,614$2,086,100$1,899,174$2,799,837
48$3,099,166$2,157,128$1,931,606$3,011,769
49$3,383,108$2,230,654$1,964,141$3,243,215
50$3,694,998$2,306,769$1,996,753$3,496,108
51$4,037,655$2,385,568$2,029,412$3,772,573
52$4,414,185$2,467,151$2,062,087$4,074,951
53$4,828,010$2,551,618$2,094,744$4,405,821
54$5,282,896$2,639,077$2,127,348$4,768,021
55$5,782,998$2,729,638$2,159,860$5,164,680
56$6,332,890$2,823,416$2,192,241$5,599,240
57$6,937,611$2,920,530$2,224,448$6,075,495
58$7,602,715$3,021,104$2,256,434$6,597,623
59$8,334,320$3,125,266$2,288,152$7,170,227
60$9,139,166$3,233,150$2,319,551$7,798,375
61$10,024,681$3,344,894$2,350,577$8,487,651
62$10,999,049$3,460,644$2,381,171$9,244,208
63$12,071,285$3,580,549$2,411,274$10,074,820
64$13,251,325$3,704,764$2,440,820$10,986,954
65$14,550,115$3,833,453$2,469,742$11,988,833
66$15,979,717$3,966,782$2,497,969$13,089,517
67$17,553,421$4,104,928$2,525,424$14,298,987
68$19,285,872$4,248,071$2,552,028$15,628,241
69$21,193,206$4,396,402$2,577,696$17,089,394
70$23,293,204$4,550,116$2,602,340$18,695,795
71$25,605,458$4,709,419$2,625,865$20,462,149
72$28,151,556$4,874,522$2,648,173$22,404,663
73$30,955,288$5,045,647$2,669,160$24,541,187
74$34,042,868$5,223,024$2,688,717$26,891,395
75$37,443,180$5,406,892$2,706,729$29,476,959
76$41,188,054$5,597,499$2,723,074$32,321,761
77$45,312,564$5,795,105$2,737,625$35,452,115
78$49,855,358$5,999,978$2,750,249$38,897,015
79$54,859,027$6,212,399$2,760,804$42,688,407
80$60,370,500$6,432,659$2,769,143$46,861,493
81$66,441,492$6,661,061$2,775,111$51,455,062
82$73,128,992$6,897,920$2,778,545$56,511,854
83$80,495,796$7,143,565$2,779,273$62,078,964
84$88,611,105$7,398,338$2,777,117$68,208,287
85$97,551,175$7,662,594$2,771,887$74,957,007
86$107,400,037$7,936,703$2,763,387$82,388,134
87$118,250,290$8,221,050$2,751,410$90,571,101
88$130,203,975$8,516,037$2,735,738$99,582,420
89$143,373,539$8,822,082$2,716,144$109,506,398
90$157,882,895$9,139,619$2,692,389$120,435,939
91$173,868,590$9,469,100$2,664,224$132,473,417
92$191,481,098$9,810,998$2,631,388$145,731,641
93$210,886,236$10,165,803$2,593,605$160,334,921
94$232,266,731$10,534,026$2,550,590$176,420,242
95$255,823,945$10,916,200$2,502,042$194,138,553
96$281,779,774$11,312,881$2,447,647$213,656,193
97$310,378,743$11,724,644$2,387,076$235,156,463
98$341,890,317$12,152,094$2,319,985$258,841,351
99$376,611,439$12,595,856$2,246,014$284,933,443
100$414,869,337$13,056,584$2,164,786$313,678,020