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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$139,559$138,316$137,103$135,919$134,763$130,189
2 years$69,088$67,802$66,555$65,346$64,173$59,610
3 years$45,601$44,309$43,065$41,868$40,714$36,306
4 years$33,860$32,572$31,341$30,163$29,037$24,818
5 years$26,817$25,537$24,322$23,168$22,074$18,055
6 years$22,124$20,853$19,655$18,528$17,466$13,650
7 years$18,772$17,512$16,334$15,233$14,205$10,591
8 years$16,260$15,011$13,852$12,778$11,784$8,370
9 years$14,307$13,070$11,931$10,884$9,924$6,705
10 years$12,745$11,520$10,402$9,382$8,456$5,427
11 years$11,469$10,256$9,157$8,166$7,272$4,428
12 years$10,405$9,205$8,127$7,162$6,302$3,635
13 years$9,507$8,319$7,261$6,323$5,495$3,000
14 years$8,737$7,562$6,524$5,613$4,817$2,485
15 years$8,070$6,908$5,890$5,006$4,241$2,066
16 years$7,487$6,338$5,340$4,482$3,749$1,721
17 years$6,974$5,837$4,860$4,027$3,324$1,438
18 years$6,518$5,393$4,436$3,629$2,955$1,203
19 years$6,110$4,999$4,061$3,279$2,634$1,008
20 years$5,744$4,645$3,727$2,970$2,353$846
21 years$5,413$4,327$3,428$2,696$2,106$711
22 years$5,112$4,039$3,160$2,451$1,887$598
23 years$4,838$3,777$2,917$2,232$1,694$503
24 years$4,587$3,539$2,698$2,036$1,523$423
25 years$4,357$3,321$2,499$1,859$1,370$356
26 years$4,145$3,121$2,318$1,700$1,234$300
27 years$3,949$2,938$2,152$1,556$1,113$253
28 years$3,767$2,768$2,001$1,426$1,004$213
29 years$3,598$2,611$1,862$1,307$907$180
30 years$3,440$2,466$1,734$1,200$819$152
31 years$3,293$2,331$1,617$1,102$741$128
32 years$3,156$2,206$1,508$1,013$670$108
33 years$3,027$2,089$1,408$931$606$91
34 years$2,905$1,980$1,316$857$549$77
35 years$2,791$1,878$1,230$789$497$65
36 years$2,684$1,782$1,151$726$451$55
37 years$2,583$1,693$1,077$669$408$46
38 years$2,487$1,609$1,009$617$370$39
39 years$2,396$1,530$945$569$336$33
40 years$2,310$1,456$886$525$304$28
41 years$2,229$1,386$831$484$276$24
42 years$2,152$1,320$779$447$251$20
43 years$2,078$1,257$731$412$227$17
44 years$2,008$1,198$686$381$206$14
45 years$1,941$1,143$644$352$187$12
46 years$1,878$1,090$605$325$170$10
47 years$1,817$1,040$569$300$155$9
48 years$1,759$993$534$277$140$7
49 years$1,703$948$502$256$127$6
50 years$1,650$906$472$237$116$5

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 $4,331 every year, while hoping to spend $56,757 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: 42/48/10 Blend
41$1,690,000$1,690,000$1,690,000$1,690,000
42$1,866,847$1,777,277$1,751,082$1,939,609
43$1,996,877$1,803,975$1,749,355$2,017,578
44$2,138,267$1,830,079$1,745,667$2,095,914
45$2,292,117$1,855,499$1,739,893$2,179,461
46$2,459,635$1,880,141$1,731,902$2,268,718
47$2,642,153$1,903,903$1,721,556$2,364,236
48$2,841,134$1,926,675$1,708,709$2,466,621
49$3,058,190$1,948,342$1,693,211$2,576,546
50$3,295,094$1,968,780$1,674,902$2,694,753
51$3,553,798$1,987,855$1,653,617$2,822,061
52$3,836,453$2,005,427$1,629,180$2,959,378
53$4,145,424$2,021,346$1,601,410$3,107,702
54$4,483,316$2,035,450$1,570,116$3,268,141
55$4,852,997$2,047,570$1,535,098$3,441,914
56$5,257,625$2,057,524$1,496,147$3,630,371
57$5,700,679$2,065,119$1,453,044$3,835,002
58$6,185,988$2,070,150$1,405,560$4,057,453
59$6,717,770$2,072,398$1,353,457$4,299,540
60$7,300,668$2,071,631$1,296,484$4,563,273
61$7,939,799$2,067,604$1,234,379$4,850,867
62$8,640,798$2,060,055$1,166,870$5,164,771
63$9,409,869$2,048,708$1,093,669$5,507,687
64$10,253,848$2,033,267$1,014,480$5,882,602
65$11,180,264$2,013,421$928,989$6,292,811
66$12,197,411$1,988,839$836,870$6,741,952
67$13,314,426$1,959,170$737,784$7,234,042
68$14,541,371$1,924,044$631,374$7,773,516
69$15,889,335$1,883,066$517,268$8,365,269
70$17,370,530$1,835,819$395,080$9,014,705
71$18,998,412$1,781,862$264,403$9,727,786
72$20,787,805$1,720,728$124,816$10,511,097
73$22,755,040$1,651,923$0$11,371,900
74$24,918,110$1,574,923$0$12,320,790
75$27,296,838$1,489,174$0$13,378,417
76$29,913,063$1,394,092$0$14,541,262
77$32,790,851$1,289,058$0$15,820,152
78$35,956,712$1,173,416$0$17,227,028
79$39,439,859$1,046,476$0$18,775,061
80$43,272,476$907,505$0$20,478,780
81$47,490,029$755,732$0$22,354,210
82$52,131,589$590,341$0$24,419,024
83$57,240,213$410,469$0$26,692,716
84$62,863,339$215,207$0$29,196,784
85$69,053,240$3,592$0$31,954,937
86$75,867,512$0$0$34,993,322
87$83,369,622$0$0$38,459,824
88$91,629,501$0$0$42,278,827
89$100,724,208$0$0$46,484,095
90$110,738,652$0$0$51,114,925
91$121,766,398$0$0$56,214,617
92$133,910,544$0$0$61,830,886
93$147,284,699$0$0$68,016,309
94$162,014,048$0$0$74,828,824
95$178,236,540$0$0$82,332,273
96$196,104,184$0$0$90,597,007
97$215,784,484$0$0$99,700,549
98$237,462,021$0$0$109,728,327
99$261,340,194$0$0$120,774,475
100$287,643,137$0$0$132,942,726