Can I retire at age 42 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$142,036$140,771$139,536$138,332$137,155$132,978
2 years$70,315$69,005$67,736$66,506$65,312$61,139
3 years$46,411$45,096$43,830$42,611$41,437$37,399
4 years$34,461$33,150$31,897$30,699$29,553$25,682
5 years$27,293$25,990$24,753$23,580$22,466$18,772
6 years$22,516$21,223$20,004$18,857$17,776$14,262
7 years$19,106$17,823$16,624$15,503$14,457$11,123
8 years$16,549$15,278$14,098$13,005$11,993$8,837
9 years$14,561$13,302$12,143$11,078$10,100$7,118
10 years$12,972$11,725$10,586$9,549$8,606$5,794
11 years$11,672$10,438$9,320$8,310$7,401$4,755
12 years$10,590$9,369$8,271$7,289$6,414$3,927
13 years$9,675$8,466$7,390$6,435$5,593$3,260
14 years$8,892$7,696$6,640$5,713$4,903$2,718
15 years$8,213$7,030$5,995$5,095$4,317$2,274
16 years$7,620$6,450$5,435$4,562$3,815$1,907
17 years$7,098$5,940$4,946$4,099$3,383$1,604
18 years$6,633$5,489$4,515$3,694$3,008$1,351
19 years$6,219$5,087$4,133$3,338$2,681$1,140
20 years$5,846$4,727$3,793$3,023$2,395$963
21 years$5,509$4,403$3,489$2,743$2,143$815
22 years$5,203$4,110$3,216$2,494$1,921$690
23 years$4,924$3,844$2,969$2,272$1,724$584
24 years$4,669$3,602$2,746$2,072$1,550$496
25 years$4,434$3,380$2,543$1,892$1,395$420
26 years$4,218$3,177$2,359$1,730$1,256$357
27 years$4,019$2,990$2,190$1,584$1,133$303
28 years$3,834$2,817$2,036$1,451$1,022$257
29 years$3,661$2,658$1,895$1,331$923$219
30 years$3,501$2,510$1,765$1,221$834$186
31 years$3,352$2,373$1,645$1,121$754$158
32 years$3,212$2,245$1,535$1,031$682$134
33 years$3,080$2,126$1,433$948$617$114
34 years$2,957$2,015$1,339$872$559$97
35 years$2,841$1,911$1,252$803$506$83
36 years$2,732$1,814$1,171$739$459$70
37 years$2,629$1,723$1,096$681$416$60
38 years$2,531$1,637$1,027$628$377$51
39 years$2,439$1,557$962$579$342$43
40 years$2,352$1,481$902$534$310$37
41 years$2,269$1,410$845$493$281$31
42 years$2,190$1,343$793$455$255$27
43 years$2,115$1,280$744$420$232$23
44 years$2,044$1,220$699$388$210$19
45 years$1,976$1,163$656$358$191$16
46 years$1,911$1,110$616$331$173$14
47 years$1,849$1,059$579$305$157$12
48 years$1,790$1,011$544$282$143$10
49 years$1,733$965$511$261$130$9
50 years$1,679$922$481$241$118$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,720,000, adding $3,708 every year, while hoping to spend $48,780 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: 33/37/30 Blend
41$1,720,000$1,720,000$1,720,000$1,720,000
42$1,899,265$1,808,105$1,781,445$1,944,567
43$2,041,088$1,844,800$1,789,222$2,016,242
44$2,195,743$1,881,659$1,795,624$2,088,876
45$2,364,486$1,918,638$1,800,555$2,166,227
46$2,548,701$1,955,689$1,803,911$2,248,747
47$2,749,912$1,992,761$1,805,585$2,336,938
48$2,969,795$2,029,798$1,805,465$2,431,354
49$3,210,198$2,066,742$1,803,431$2,532,605
50$3,473,152$2,103,526$1,799,360$2,641,368
51$3,760,896$2,140,082$1,793,122$2,758,388
52$4,075,895$2,176,333$1,784,579$2,884,492
53$4,420,863$2,212,200$1,773,588$3,020,590
54$4,798,787$2,247,594$1,760,000$3,167,689
55$5,212,961$2,282,424$1,743,658$3,326,900
56$5,667,008$2,316,588$1,724,395$3,499,454
57$6,164,921$2,349,979$1,702,041$3,686,705
58$6,711,098$2,382,482$1,676,414$3,890,154
59$7,310,381$2,413,975$1,647,325$4,111,454
60$7,968,106$2,444,326$1,614,576$4,352,435
61$8,690,149$2,473,394$1,577,961$4,615,114
62$9,482,983$2,501,029$1,537,261$4,901,720
63$10,353,739$2,527,071$1,492,251$5,214,713
64$11,310,272$2,551,349$1,442,693$5,556,812
65$12,361,235$2,573,681$1,388,339$5,931,014
66$13,516,163$2,593,873$1,328,930$6,340,632
67$14,785,556$2,611,718$1,264,194$6,789,321
68$16,180,986$2,626,995$1,193,848$7,281,115
69$17,715,200$2,639,471$1,117,595$7,820,467
70$19,402,242$2,648,897$1,035,126$8,412,292
71$21,257,586$2,655,008$946,117$9,062,014
72$23,298,278$2,657,521$850,231$9,775,619
73$25,543,102$2,656,140$747,113$10,559,712
74$28,012,752$2,650,545$636,395$11,421,582
75$30,730,031$2,640,399$517,693$12,369,271
76$33,720,062$2,625,346$390,603$13,411,652
77$37,010,526$2,605,006$254,706$14,558,514
78$40,631,925$2,578,977$109,564$15,820,657
79$44,617,865$2,546,831$0$17,209,997
80$49,005,378$2,508,116$0$18,754,186
81$53,835,267$2,462,354$0$20,491,584
82$59,152,492$2,409,037$0$22,403,233
83$65,006,594$2,347,628$0$24,506,941
84$71,452,161$2,277,556$0$26,822,336
85$78,549,346$2,198,220$0$29,371,058
86$86,364,428$2,108,983$0$32,176,962
87$94,970,445$2,009,168$0$35,266,346
88$104,447,877$1,898,063$0$38,668,197
89$114,885,406$1,774,914$0$42,414,472
90$126,380,753$1,638,921$0$46,540,397
91$139,041,603$1,489,241$0$51,084,803
92$152,986,615$1,324,982$0$56,090,494
93$168,346,545$1,145,202$0$61,604,654
94$185,265,480$948,904$0$67,679,291
95$203,902,195$735,037$0$74,371,737
96$224,431,654$502,488$0$81,745,186
97$247,046,658$250,085$0$89,869,293
98$271,959,666$0$0$98,820,839
99$299,404,800$0$0$108,693,987
100$329,640,052$0$0$119,683,430