Can I retire at age 42 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$141,210$139,952$138,725$137,527$136,358$134,376
2 years$69,906$68,604$67,342$66,119$64,932$62,939
3 years$46,141$44,834$43,575$42,363$41,196$39,254
4 years$34,261$32,957$31,711$30,520$29,381$27,506
5 years$27,135$25,839$24,609$23,442$22,335$20,531
6 years$22,385$21,099$19,888$18,747$17,673$15,943
7 years$18,994$17,719$16,527$15,413$14,373$12,717
8 years$16,452$15,189$14,016$12,930$11,924$10,342
9 years$14,476$13,225$12,072$11,013$10,041$8,534
10 years$12,896$11,657$10,525$9,493$8,556$7,120
11 years$11,604$10,377$9,266$8,262$7,358$5,993
12 years$10,529$9,314$8,223$7,247$6,377$5,081
13 years$9,619$8,417$7,347$6,398$5,560$4,332
14 years$8,840$7,651$6,601$5,679$4,874$3,712
15 years$8,166$6,989$5,960$5,065$4,292$3,192
16 years$7,576$6,413$5,404$4,535$3,793$2,755
17 years$7,056$5,906$4,917$4,075$3,363$2,384
18 years$6,595$5,457$4,489$3,672$2,990$2,068
19 years$6,182$5,058$4,109$3,318$2,665$1,798
20 years$5,812$4,700$3,771$3,005$2,381$1,566
21 years$5,477$4,378$3,469$2,727$2,131$1,365
22 years$5,173$4,086$3,197$2,480$1,910$1,192
23 years$4,895$3,822$2,952$2,258$1,714$1,042
24 years$4,642$3,581$2,730$2,060$1,541$912
25 years$4,409$3,361$2,529$1,881$1,386$799
26 years$4,194$3,158$2,345$1,720$1,249$700
27 years$3,995$2,972$2,178$1,574$1,126$614
28 years$3,811$2,801$2,024$1,443$1,016$539
29 years$3,640$2,642$1,884$1,323$917$473
30 years$3,481$2,495$1,755$1,214$829$416
31 years$3,332$2,359$1,636$1,115$749$365
32 years$3,193$2,232$1,526$1,025$678$321
33 years$3,062$2,114$1,425$942$614$282
34 years$2,940$2,003$1,332$867$555$248
35 years$2,825$1,900$1,245$798$503$218
36 years$2,716$1,804$1,165$735$456$192
37 years$2,613$1,713$1,090$677$413$169
38 years$2,516$1,628$1,021$624$375$149
39 years$2,425$1,548$956$576$340$131
40 years$2,338$1,473$896$531$308$115
41 years$2,255$1,402$841$490$280$101
42 years$2,177$1,335$788$452$254$89
43 years$2,103$1,272$740$417$230$79
44 years$2,032$1,213$694$385$209$69
45 years$1,964$1,156$652$356$190$61
46 years$1,900$1,103$612$329$172$54
47 years$1,838$1,053$575$304$156$47
48 years$1,780$1,005$541$281$142$42
49 years$1,723$960$508$259$129$37
50 years$1,670$917$478$240$117$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,710,000, adding $6,897 every year, while hoping to spend $59,310 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: 41/29/30 Blend
41$1,710,000$1,710,000$1,710,000$1,710,000
42$1,891,534$1,800,904$1,774,399$1,952,168
43$2,021,365$1,826,043$1,770,736$2,021,981
44$2,162,451$1,850,426$1,764,963$2,091,485
45$2,315,878$1,873,953$1,756,945$2,165,613
46$2,482,839$1,896,518$1,746,544$2,244,829
47$2,664,648$1,918,007$1,733,613$2,329,646
48$2,862,751$1,938,299$1,717,999$2,420,633
49$3,078,740$1,957,264$1,699,540$2,518,421
50$3,314,365$1,974,764$1,678,068$2,623,705
51$3,571,554$1,990,651$1,653,407$2,737,259
52$3,852,429$2,004,769$1,625,373$2,859,935
53$4,159,325$2,016,951$1,593,771$2,992,678
54$4,494,815$2,027,020$1,558,400$3,136,534
55$4,861,727$2,034,785$1,519,048$3,292,659
56$5,263,181$2,040,048$1,475,494$3,462,331
57$5,702,609$2,042,593$1,427,506$3,646,965
58$6,183,789$2,042,194$1,374,842$3,848,125
59$6,710,884$2,038,610$1,317,248$4,067,539
60$7,288,478$2,031,586$1,254,459$4,307,119
61$7,921,619$2,020,850$1,186,200$4,568,977
62$8,615,866$2,006,113$1,112,179$4,855,449
63$9,377,343$1,987,072$1,032,096$5,169,114
64$10,212,795$1,963,401$945,634$5,512,823
65$11,129,649$1,934,757$852,462$5,889,727
66$12,136,091$1,900,777$752,237$6,303,305
67$13,241,132$1,861,075$644,597$6,757,401
68$14,454,703$1,815,244$529,167$7,256,262
69$15,787,743$1,762,850$405,553$7,804,576
70$17,252,300$1,703,437$273,347$8,407,522
71$18,861,649$1,636,521$132,119$9,070,817
72$20,630,415$1,561,588$0$9,800,775
73$22,574,709$1,478,097$0$10,610,320
74$24,712,280$1,385,475$0$11,546,711
75$27,062,685$1,283,115$0$12,576,263
76$29,647,468$1,170,377$0$13,708,516
77$32,490,367$1,046,583$0$14,953,986
78$35,617,536$911,017$0$16,324,270
79$39,057,791$762,923$0$17,832,159
80$42,842,880$601,501$0$19,491,750
81$47,007,787$425,907$0$21,318,593
82$51,591,053$235,249$0$23,329,828
83$56,635,150$28,586$0$25,544,358
84$62,186,872$0$0$27,983,020
85$68,297,780$0$0$30,731,042
86$75,024,688$0$0$33,766,384
87$82,430,198$0$0$37,108,207
88$90,583,288$0$0$40,787,671
89$99,559,968$0$0$44,839,114
90$109,443,990$0$0$49,300,375
91$120,327,644$0$0$54,213,146
92$132,312,621$0$0$59,623,370
93$145,510,980$0$0$65,581,672
94$160,046,200$0$0$72,143,838
95$176,054,345$0$0$79,371,338
96$193,685,349$0$0$87,331,912
97$213,104,429$0$0$96,100,202
98$234,493,645$0$0$105,758,461
99$258,053,617$0$0$116,397,329
100$284,005,417$0$0$128,116,683