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%15.1%
1 years$140,384$139,134$137,914$136,723$135,560$132,715
2 years$69,497$68,203$66,949$65,732$64,553$61,699
3 years$45,871$44,571$43,320$42,115$40,955$38,183
4 years$34,061$32,765$31,526$30,342$29,209$26,540
5 years$26,976$25,688$24,465$23,305$22,204$19,645
6 years$22,255$20,976$19,772$18,637$17,570$15,123
7 years$18,883$17,616$16,430$15,323$14,289$11,955
8 years$16,356$15,100$13,934$12,854$11,854$9,633
9 years$14,392$13,147$12,002$10,949$9,983$7,873
10 years$12,821$11,589$10,463$9,438$8,506$6,505
11 years$11,537$10,317$9,212$8,214$7,315$5,420
12 years$10,467$9,260$8,175$7,205$6,339$4,548
13 years$9,563$8,368$7,304$6,361$5,528$3,837
14 years$8,788$7,606$6,563$5,646$4,846$3,252
15 years$8,118$6,949$5,925$5,035$4,267$2,766
16 years$7,532$6,375$5,372$4,509$3,771$2,361
17 years$7,015$5,871$4,888$4,051$3,343$2,020
18 years$6,556$5,425$4,462$3,651$2,973$1,732
19 years$6,146$5,028$4,085$3,299$2,650$1,488
20 years$5,778$4,672$3,749$2,988$2,367$1,280
21 years$5,445$4,352$3,448$2,712$2,118$1,103
22 years$5,142$4,063$3,178$2,465$1,899$951
23 years$4,867$3,800$2,935$2,245$1,704$822
24 years$4,615$3,560$2,714$2,048$1,532$710
25 years$4,383$3,341$2,514$1,870$1,378$614
26 years$4,169$3,140$2,331$1,710$1,242$531
27 years$3,972$2,955$2,165$1,565$1,119$460
28 years$3,789$2,784$2,013$1,434$1,010$398
29 years$3,619$2,627$1,873$1,315$912$345
30 years$3,460$2,481$1,744$1,207$824$299
31 years$3,313$2,345$1,626$1,108$745$260
32 years$3,174$2,219$1,517$1,019$674$225
33 years$3,044$2,101$1,417$937$610$195
34 years$2,923$1,992$1,324$862$552$169
35 years$2,808$1,889$1,238$793$500$147
36 years$2,700$1,793$1,158$731$453$128
37 years$2,598$1,703$1,084$673$411$111
38 years$2,502$1,618$1,015$621$372$96
39 years$2,411$1,539$951$572$338$84
40 years$2,324$1,464$891$528$306$73
41 years$2,242$1,394$836$487$278$63
42 years$2,164$1,327$784$449$252$55
43 years$2,090$1,265$736$415$229$47
44 years$2,020$1,206$690$383$208$41
45 years$1,953$1,150$648$354$189$36
46 years$1,889$1,097$609$327$171$31
47 years$1,828$1,047$572$302$155$27
48 years$1,769$999$538$279$141$23
49 years$1,713$954$505$258$128$20
50 years$1,660$911$475$238$116$18

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 $3,471 every year, while hoping to spend $30,967 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: 60/10/30 Blend
41$1,700,000$1,700,000$1,700,000$1,700,000
42$1,876,980$1,786,880$1,760,530$1,974,083
43$2,035,484$1,841,489$1,786,559$2,095,466
44$2,209,116$1,897,735$1,812,423$2,224,270
45$2,399,389$1,955,667$1,838,082$2,364,193
46$2,607,966$2,015,333$1,863,496$2,516,326
47$2,836,678$2,076,784$1,888,623$2,681,874
48$3,087,543$2,140,071$1,913,416$2,862,162
49$3,362,785$2,205,247$1,937,828$3,058,650
50$3,664,852$2,272,367$1,961,808$3,272,947
51$3,996,439$2,341,486$1,985,301$3,506,826
52$4,360,519$2,412,661$2,008,252$3,762,239
53$4,760,363$2,485,952$2,030,599$4,041,337
54$5,199,575$2,561,419$2,052,279$4,346,490
55$5,682,127$2,639,124$2,073,226$4,680,311
56$6,212,394$2,719,131$2,093,369$5,045,676
57$6,795,194$2,801,505$2,112,633$5,445,756
58$7,435,839$2,886,313$2,130,940$5,884,044
59$8,140,176$2,973,624$2,148,208$6,364,390
60$8,914,650$3,063,508$2,164,350$6,891,037
61$9,766,363$3,156,039$2,179,274$7,468,657
62$10,703,137$3,251,289$2,192,885$8,102,401
63$11,733,590$3,349,336$2,205,080$8,797,946
64$12,867,220$3,450,257$2,215,754$9,561,545
65$14,114,490$3,554,133$2,224,795$10,400,091
66$15,486,927$3,661,045$2,232,085$11,321,178
67$16,997,235$3,771,078$2,237,501$12,333,177
68$18,659,410$3,884,317$2,240,914$13,445,310
69$20,488,873$4,000,852$2,242,188$14,667,743
70$22,502,617$4,120,772$2,241,180$16,011,674
71$24,719,365$4,244,171$2,237,740$17,489,448
72$27,159,747$4,371,143$2,231,712$19,114,668
73$29,846,498$4,501,785$2,222,931$20,902,323
74$32,804,665$4,636,197$2,211,223$22,868,933
75$36,061,851$4,774,481$2,196,409$25,032,704
76$39,648,469$4,916,740$2,178,299$27,413,698
77$43,598,035$5,063,082$2,156,694$30,034,023
78$47,947,477$5,213,616$2,131,385$32,918,045
79$52,737,489$5,368,452$2,102,156$36,092,615
80$58,012,912$5,527,706$2,068,778$39,587,323
81$63,823,159$5,691,493$2,031,012$43,434,779
82$70,222,679$5,859,934$1,988,608$47,670,920
83$77,271,470$6,033,148$1,941,304$52,335,350
84$85,035,650$6,211,262$1,888,828$57,471,713
85$93,588,074$6,394,402$1,830,892$63,128,106
86$103,009,028$6,582,698$1,767,196$69,357,534
87$113,386,980$6,776,282$1,697,429$76,218,412
88$124,819,421$6,975,288$1,621,262$83,775,111
89$137,413,780$7,179,856$1,538,352$92,098,574
90$151,288,442$7,390,125$1,448,343$101,266,979
91$166,573,860$7,606,238$1,350,860$111,366,483
92$183,413,792$7,828,342$1,245,512$122,492,032
93$201,966,653$8,056,585$1,131,891$134,748,259
94$222,407,013$8,291,119$1,009,570$148,250,475
95$244,927,241$8,532,097$878,104$163,125,752
96$269,739,327$8,779,677$737,028$179,514,130
97$297,076,875$9,034,017$585,854$197,569,934
98$327,197,312$9,295,281$424,077$217,463,237
99$360,384,321$9,563,632$251,166$239,381,461
100$396,950,510$9,839,238$66,569$263,531,150