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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$142,036$140,771$139,536$138,332$137,155$132,871
2 years$70,315$69,005$67,736$66,506$65,312$61,034
3 years$46,411$45,096$43,830$42,611$41,437$37,299
4 years$34,461$33,150$31,897$30,699$29,553$25,587
5 years$27,293$25,990$24,753$23,580$22,466$18,683
6 years$22,516$21,223$20,004$18,857$17,776$14,179
7 years$19,106$17,823$16,624$15,503$14,457$11,045
8 years$16,549$15,278$14,098$13,005$11,993$8,765
9 years$14,561$13,302$12,143$11,078$10,100$7,052
10 years$12,972$11,725$10,586$9,549$8,606$5,733
11 years$11,672$10,438$9,320$8,310$7,401$4,699
12 years$10,590$9,369$8,271$7,289$6,414$3,876
13 years$9,675$8,466$7,390$6,435$5,593$3,213
14 years$8,892$7,696$6,640$5,713$4,903$2,675
15 years$8,213$7,030$5,995$5,095$4,317$2,234
16 years$7,620$6,450$5,435$4,562$3,815$1,872
17 years$7,098$5,940$4,946$4,099$3,383$1,571
18 years$6,633$5,489$4,515$3,694$3,008$1,322
19 years$6,219$5,087$4,133$3,338$2,681$1,114
20 years$5,846$4,727$3,793$3,023$2,395$939
21 years$5,509$4,403$3,489$2,743$2,143$793
22 years$5,203$4,110$3,216$2,494$1,921$671
23 years$4,924$3,844$2,969$2,272$1,724$567
24 years$4,669$3,602$2,746$2,072$1,550$480
25 years$4,434$3,380$2,543$1,892$1,395$407
26 years$4,218$3,177$2,359$1,730$1,256$345
27 years$4,019$2,990$2,190$1,584$1,133$292
28 years$3,834$2,817$2,036$1,451$1,022$248
29 years$3,661$2,658$1,895$1,331$923$210
30 years$3,501$2,510$1,765$1,221$834$178
31 years$3,352$2,373$1,645$1,121$754$151
32 years$3,212$2,245$1,535$1,031$682$129
33 years$3,080$2,126$1,433$948$617$109
34 years$2,957$2,015$1,339$872$559$93
35 years$2,841$1,911$1,252$803$506$79
36 years$2,732$1,814$1,171$739$459$67
37 years$2,629$1,723$1,096$681$416$57
38 years$2,531$1,637$1,027$628$377$48
39 years$2,439$1,557$962$579$342$41
40 years$2,352$1,481$902$534$310$35
41 years$2,269$1,410$845$493$281$30
42 years$2,190$1,343$793$455$255$25
43 years$2,115$1,280$744$420$232$21
44 years$2,044$1,220$699$388$210$18
45 years$1,976$1,163$656$358$191$15
46 years$1,911$1,110$616$331$173$13
47 years$1,849$1,059$579$305$157$11
48 years$1,790$1,011$544$282$143$9
49 years$1,733$965$511$261$130$8
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 $4,630 every year, while hoping to spend $22,231 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: 48/26/26 Blend
41$1,720,000$1,720,000$1,720,000$1,720,000
42$1,900,216$1,809,056$1,782,396$1,977,151
43$2,070,384$1,874,046$1,818,452$2,096,580
44$2,257,165$1,941,476$1,854,972$2,223,635
45$2,462,228$2,011,441$1,891,946$2,361,177
46$2,687,416$2,084,041$1,929,366$2,510,205
47$2,934,754$2,159,381$1,967,222$2,671,815
48$3,206,478$2,237,570$2,005,503$2,847,217
49$3,505,047$2,318,719$2,044,196$3,037,739
50$3,833,173$2,402,948$2,083,288$3,244,845
51$4,193,842$2,490,378$2,122,763$3,470,143
52$4,590,345$2,581,137$2,162,607$3,715,404
53$5,026,305$2,675,358$2,202,799$3,982,577
54$5,505,718$2,773,180$2,243,323$4,273,808
55$6,032,983$2,874,747$2,284,156$4,591,457
56$6,612,948$2,980,210$2,325,275$4,938,125
57$7,250,954$3,089,726$2,366,657$5,316,672
58$7,952,886$3,203,458$2,408,276$5,730,249
59$8,725,229$3,321,576$2,450,101$6,182,326
60$9,575,128$3,444,258$2,492,105$6,676,722
61$10,510,453$3,571,689$2,534,253$7,217,642
62$11,539,880$3,704,063$2,576,511$7,809,717
63$12,672,965$3,841,579$2,618,841$8,458,049
64$13,920,239$3,984,448$2,661,204$9,168,255
65$15,293,306$4,132,889$2,703,557$9,946,519
66$16,804,952$4,287,129$2,745,855$10,799,656
67$18,469,265$4,447,406$2,788,049$11,735,171
68$20,301,770$4,613,969$2,830,088$12,761,327
69$22,319,572$4,787,075$2,871,918$13,887,231
70$24,541,521$4,966,995$2,913,480$15,122,910
71$26,988,388$5,154,009$2,954,714$16,479,412
72$29,683,060$5,348,411$2,995,552$17,968,906
73$32,650,756$5,550,508$3,035,928$19,604,797
74$35,919,268$5,760,618$3,075,767$21,401,852
75$39,519,220$5,979,075$3,114,991$23,376,342
76$43,484,357$6,206,226$3,153,520$25,546,188
77$47,851,864$6,442,434$3,191,266$27,931,137
78$52,662,719$6,688,077$3,228,137$30,552,942
79$57,962,074$6,943,551$3,264,038$33,435,569
80$63,799,688$7,209,267$3,298,865$36,605,423
81$70,230,391$7,485,657$3,332,512$40,091,597
82$77,314,605$7,773,167$3,364,865$43,926,142
83$85,118,911$8,072,269$3,395,805$48,144,375
84$93,716,680$8,383,450$3,425,204$52,785,203
85$103,188,764$8,707,222$3,452,931$57,891,500
86$113,624,259$9,044,118$3,478,846$63,510,502
87$125,121,348$9,394,694$3,502,802$69,694,254
88$137,788,224$9,759,532$3,524,644$76,500,105
89$151,744,112$10,139,238$3,544,209$83,991,242
90$167,120,398$10,534,448$3,561,326$92,237,290
91$184,061,864$10,945,821$3,575,816$101,314,965
92$202,728,058$11,374,050$3,587,490$111,308,799
93$223,294,799$11,819,857$3,596,150$122,311,938
94$245,955,834$12,283,996$3,601,586$134,427,017
95$270,924,670$12,767,253$3,603,581$147,767,127
96$298,436,591$13,270,453$3,601,905$162,456,888
97$328,750,872$13,794,454$3,596,318$178,633,616
98$362,153,233$14,340,154$3,586,566$196,448,623
99$398,958,532$14,908,491$3,572,386$216,068,641
100$439,513,740$15,500,445$3,553,499$237,677,396