Can I retire at age 42 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$140,384$139,134$137,914$136,723$135,560$134,089
2 years$69,497$68,203$66,949$65,732$64,553$63,071
3 years$45,871$44,571$43,320$42,115$40,955$39,509
4 years$34,061$32,765$31,526$30,342$29,209$27,811
5 years$26,976$25,688$24,465$23,305$22,204$20,857
6 years$22,255$20,976$19,772$18,637$17,570$16,275
7 years$18,883$17,616$16,430$15,323$14,289$13,047
8 years$16,356$15,100$13,934$12,854$11,854$10,666
9 years$14,392$13,147$12,002$10,949$9,983$8,847
10 years$12,821$11,589$10,463$9,438$8,506$7,422
11 years$11,537$10,317$9,212$8,214$7,315$6,283
12 years$10,467$9,260$8,175$7,205$6,339$5,357
13 years$9,563$8,368$7,304$6,361$5,528$4,594
14 years$8,788$7,606$6,563$5,646$4,846$3,960
15 years$8,118$6,949$5,925$5,035$4,267$3,427
16 years$7,532$6,375$5,372$4,509$3,771$2,976
17 years$7,015$5,871$4,888$4,051$3,343$2,592
18 years$6,556$5,425$4,462$3,651$2,973$2,263
19 years$6,146$5,028$4,085$3,299$2,650$1,980
20 years$5,778$4,672$3,749$2,988$2,367$1,736
21 years$5,445$4,352$3,448$2,712$2,118$1,524
22 years$5,142$4,063$3,178$2,465$1,899$1,340
23 years$4,867$3,800$2,935$2,245$1,704$1,179
24 years$4,615$3,560$2,714$2,048$1,532$1,039
25 years$4,383$3,341$2,514$1,870$1,378$917
26 years$4,169$3,140$2,331$1,710$1,242$809
27 years$3,972$2,955$2,165$1,565$1,119$715
28 years$3,789$2,784$2,013$1,434$1,010$632
29 years$3,619$2,627$1,873$1,315$912$559
30 years$3,460$2,481$1,744$1,207$824$494
31 years$3,313$2,345$1,626$1,108$745$438
32 years$3,174$2,219$1,517$1,019$674$388
33 years$3,044$2,101$1,417$937$610$343
34 years$2,923$1,992$1,324$862$552$304
35 years$2,808$1,889$1,238$793$500$270
36 years$2,700$1,793$1,158$731$453$239
37 years$2,598$1,703$1,084$673$411$212
38 years$2,502$1,618$1,015$621$372$188
39 years$2,411$1,539$951$572$338$167
40 years$2,324$1,464$891$528$306$148
41 years$2,242$1,394$836$487$278$131
42 years$2,164$1,327$784$449$252$116
43 years$2,090$1,265$736$415$229$103
44 years$2,020$1,206$690$383$208$92
45 years$1,953$1,150$648$354$189$81
46 years$1,889$1,097$609$327$171$72
47 years$1,828$1,047$572$302$155$64
48 years$1,769$999$538$279$141$57
49 years$1,713$954$505$258$128$51
50 years$1,660$911$475$238$116$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,700,000, adding $5,131 every year, while hoping to spend $30,691 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: 62/26/12 Blend
41$1,700,000$1,700,000$1,700,000$1,700,000
42$1,878,693$1,788,593$1,762,243$1,989,549
43$2,037,664$1,843,579$1,788,623$2,119,469
44$2,211,822$1,900,230$1,814,858$2,257,248
45$2,402,684$1,958,597$1,840,911$2,406,887
46$2,611,918$2,018,729$1,866,743$2,569,536
47$2,841,366$2,080,679$1,892,310$2,746,461
48$3,093,053$2,144,500$1,917,570$2,939,056
49$3,369,210$2,210,246$1,942,475$3,148,854
50$3,672,297$2,277,976$1,966,975$3,377,545
51$4,005,021$2,347,746$1,991,018$3,626,989
52$4,370,364$2,419,616$2,014,548$3,899,231
53$4,771,612$2,493,649$2,037,507$4,196,528
54$5,212,385$2,569,906$2,059,832$4,521,361
55$5,696,670$2,648,453$2,081,458$4,876,464
56$6,228,859$2,729,356$2,102,316$5,264,849
57$6,813,793$2,812,684$2,122,333$5,689,832
58$7,456,801$2,898,508$2,141,433$6,155,064
59$8,163,759$2,986,899$2,159,535$6,664,570
60$8,941,137$3,077,931$2,176,554$7,222,779
61$9,796,064$3,171,681$2,192,400$7,834,574
62$10,736,397$3,268,228$2,206,979$8,505,331
63$11,770,789$3,367,650$2,220,193$9,240,973
64$12,908,776$3,470,032$2,231,936$10,048,024
65$14,160,865$3,575,458$2,242,100$10,933,674
66$15,538,633$3,684,014$2,250,569$11,905,840
67$17,054,833$3,795,791$2,257,223$12,973,248
68$18,723,520$3,910,879$2,261,934$14,145,509
69$20,560,180$4,029,373$2,264,570$15,433,212
70$22,581,876$4,151,369$2,264,990$16,848,025
71$24,807,407$4,276,967$2,263,048$18,402,802
72$27,257,492$4,406,267$2,258,589$20,111,706
73$29,954,957$4,539,375$2,251,453$21,990,343
74$32,924,955$4,676,397$2,241,469$24,055,907
75$36,195,203$4,817,443$2,228,461$26,327,341
76$39,796,241$4,962,625$2,212,241$28,825,522
77$43,761,722$5,112,058$2,192,616$31,573,449
78$48,128,730$5,265,861$2,169,381$34,596,466
79$52,938,127$5,424,154$2,142,321$37,922,499
80$58,234,940$5,587,062$2,111,214$41,582,319
81$64,068,788$5,754,713$2,075,823$45,609,832
82$70,494,346$5,927,235$2,035,905$50,042,401
83$77,571,863$6,104,763$1,991,201$54,921,194
84$85,367,730$6,287,434$1,941,444$60,291,577
85$93,955,107$6,475,386$1,886,350$66,203,540
86$103,414,612$6,668,764$1,825,627$72,712,166
87$113,835,083$6,867,715$1,758,967$79,878,155
88$125,314,417$7,072,387$1,686,047$87,768,396
89$137,960,488$7,282,936$1,606,531$96,456,594
90$151,892,176$7,499,517$1,520,067$106,023,970
91$167,240,476$7,722,292$1,426,288$116,560,025
92$184,149,745$7,951,425$1,324,809$128,163,387
93$202,779,058$8,187,084$1,215,229$140,942,739
94$223,303,711$8,429,440$1,097,128$155,017,844
95$245,916,877$8,678,669$970,069$170,520,680
96$270,831,424$8,934,950$833,592$187,596,681
97$298,281,933$9,198,466$687,221$206,406,111
98$328,526,904$9,469,405$530,457$227,125,578
99$361,851,198$9,747,956$362,777$249,949,698
100$398,568,729$10,034,314$183,639$275,092,935