Can I retire at age 42 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$139,559$138,316$137,103$135,919$134,763$132,150
2 years$69,088$67,802$66,555$65,346$64,173$61,551
3 years$45,601$44,309$43,065$41,868$40,714$38,165
4 years$33,860$32,572$31,341$30,163$29,037$26,581
5 years$26,817$25,537$24,322$23,168$22,074$19,717
6 years$22,124$20,853$19,655$18,528$17,466$15,211
7 years$18,772$17,512$16,334$15,233$14,205$12,052
8 years$16,260$15,011$13,852$12,778$11,784$9,734
9 years$14,307$13,070$11,931$10,884$9,924$7,974
10 years$12,745$11,520$10,402$9,382$8,456$6,605
11 years$11,469$10,256$9,157$8,166$7,272$5,518
12 years$10,405$9,205$8,127$7,162$6,302$4,642
13 years$9,507$8,319$7,261$6,323$5,495$3,927
14 years$8,737$7,562$6,524$5,613$4,817$3,337
15 years$8,070$6,908$5,890$5,006$4,241$2,847
16 years$7,487$6,338$5,340$4,482$3,749$2,436
17 years$6,974$5,837$4,860$4,027$3,324$2,090
18 years$6,518$5,393$4,436$3,629$2,955$1,798
19 years$6,110$4,999$4,061$3,279$2,634$1,549
20 years$5,744$4,645$3,727$2,970$2,353$1,337
21 years$5,413$4,327$3,428$2,696$2,106$1,155
22 years$5,112$4,039$3,160$2,451$1,887$999
23 years$4,838$3,777$2,917$2,232$1,694$866
24 years$4,587$3,539$2,698$2,036$1,523$750
25 years$4,357$3,321$2,499$1,859$1,370$651
26 years$4,145$3,121$2,318$1,700$1,234$565
27 years$3,949$2,938$2,152$1,556$1,113$491
28 years$3,767$2,768$2,001$1,426$1,004$427
29 years$3,598$2,611$1,862$1,307$907$371
30 years$3,440$2,466$1,734$1,200$819$323
31 years$3,293$2,331$1,617$1,102$741$281
32 years$3,156$2,206$1,508$1,013$670$244
33 years$3,027$2,089$1,408$931$606$213
34 years$2,905$1,980$1,316$857$549$185
35 years$2,791$1,878$1,230$789$497$161
36 years$2,684$1,782$1,151$726$451$140
37 years$2,583$1,693$1,077$669$408$122
38 years$2,487$1,609$1,009$617$370$106
39 years$2,396$1,530$945$569$336$93
40 years$2,310$1,456$886$525$304$81
41 years$2,229$1,386$831$484$276$70
42 years$2,152$1,320$779$447$251$61
43 years$2,078$1,257$731$412$227$53
44 years$2,008$1,198$686$381$206$47
45 years$1,941$1,143$644$352$187$41
46 years$1,878$1,090$605$325$170$35
47 years$1,817$1,040$569$300$155$31
48 years$1,759$993$534$277$140$27
49 years$1,703$948$502$256$127$23
50 years$1,650$906$472$237$116$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,690,000, adding $3,714 every year, while hoping to spend $42,179 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: 69/15/16 Blend
41$1,690,000$1,690,000$1,690,000$1,690,000
42$1,866,211$1,776,641$1,750,446$1,987,719
43$2,011,686$1,818,818$1,764,208$2,111,295
44$2,170,587$1,861,649$1,777,017$2,241,095
45$2,344,236$1,905,119$1,788,797$2,382,044
46$2,534,094$1,949,216$1,799,468$2,535,236
47$2,741,766$1,993,922$1,808,944$2,701,877
48$2,969,021$2,039,218$1,817,138$2,883,291
49$3,217,804$2,085,083$1,823,955$3,080,942
50$3,490,260$2,131,493$1,829,298$3,296,440
51$3,788,751$2,178,420$1,833,064$3,531,559
52$4,115,876$2,225,835$1,835,144$3,788,254
53$4,474,499$2,273,704$1,835,424$4,068,677
54$4,867,773$2,321,991$1,833,787$4,375,203
55$5,299,173$2,370,656$1,830,106$4,710,445
56$5,772,525$2,419,655$1,824,251$5,077,284
57$6,292,044$2,468,938$1,816,084$5,478,896
58$6,862,370$2,518,455$1,805,461$5,918,777
59$7,488,620$2,568,146$1,792,231$6,400,782
60$8,176,424$2,617,951$1,776,236$6,929,160
61$8,931,990$2,667,800$1,757,310$7,508,590
62$9,762,152$2,717,622$1,735,280$8,144,231
63$10,674,443$2,767,337$1,709,963$8,841,767
64$11,677,159$2,816,859$1,681,170$9,607,461
65$12,779,440$2,866,097$1,648,700$10,448,218
66$13,991,358$2,914,950$1,612,346$11,371,643
67$15,324,006$2,963,312$1,571,889$12,386,122
68$16,789,608$3,011,068$1,527,101$13,500,892
69$18,401,632$3,058,094$1,477,743$14,726,136
70$20,174,916$3,104,259$1,423,565$16,073,074
71$22,125,810$3,149,419$1,364,306$17,554,072
72$24,272,325$3,193,424$1,299,694$19,182,759
73$26,634,310$3,236,110$1,229,441$20,974,154
74$29,233,634$3,277,303$1,153,251$22,944,808
75$32,094,390$3,316,817$1,070,811$25,112,963
76$35,243,131$3,354,453$981,796$27,498,722
77$38,709,108$3,390,000$885,864$30,124,239
78$42,524,558$3,423,230$782,661$33,013,930
79$46,724,998$3,453,903$671,815$36,194,706
80$51,349,565$3,481,762$552,939$39,696,219
81$56,441,384$3,506,532$425,626$43,551,151
82$62,047,975$3,527,922$289,454$47,795,521
83$68,221,700$3,545,621$143,982$52,469,022
84$75,020,257$3,559,300$0$57,615,397
85$82,507,225$3,568,608$0$63,284,781
86$90,752,663$3,573,171$0$69,554,738
87$99,833,771$3,572,593$0$76,459,299
88$109,835,619$3,566,453$0$84,063,082
89$120,851,948$3,554,305$0$92,437,297
90$132,986,055$3,535,674$0$101,660,414
91$146,351,768$3,510,057$0$111,818,904
92$161,074,519$3,476,921$0$123,008,060
93$177,292,529$3,435,700$0$135,332,893
94$195,158,111$3,385,793$0$148,909,123
95$214,839,108$3,326,566$0$163,864,275
96$236,520,475$3,257,346$0$180,338,877
97$260,406,026$3,177,418$0$198,487,794
98$286,720,358$3,086,029$0$218,481,685
99$315,710,968$2,982,378$0$240,508,615
100$347,650,593$2,865,621$0$264,775,835