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%11.7%
1 years$142,036$140,771$139,536$138,332$137,155$136,177
2 years$70,315$69,005$67,736$66,506$65,312$64,325
3 years$46,411$45,096$43,830$42,611$41,437$40,472
4 years$34,461$33,150$31,897$30,699$29,553$28,618
5 years$27,293$25,990$24,753$23,580$22,466$21,564
6 years$22,516$21,223$20,004$18,857$17,776$16,908
7 years$19,106$17,823$16,624$15,503$14,457$13,623
8 years$16,549$15,278$14,098$13,005$11,993$11,193
9 years$14,561$13,302$12,143$11,078$10,100$9,334
10 years$12,972$11,725$10,586$9,549$8,606$7,873
11 years$11,672$10,438$9,320$8,310$7,401$6,702
12 years$10,590$9,369$8,271$7,289$6,414$5,747
13 years$9,675$8,466$7,390$6,435$5,593$4,957
14 years$8,892$7,696$6,640$5,713$4,903$4,298
15 years$8,213$7,030$5,995$5,095$4,317$3,742
16 years$7,620$6,450$5,435$4,562$3,815$3,270
17 years$7,098$5,940$4,946$4,099$3,383$2,866
18 years$6,633$5,489$4,515$3,694$3,008$2,518
19 years$6,219$5,087$4,133$3,338$2,681$2,218
20 years$5,846$4,727$3,793$3,023$2,395$1,957
21 years$5,509$4,403$3,489$2,743$2,143$1,730
22 years$5,203$4,110$3,216$2,494$1,921$1,531
23 years$4,924$3,844$2,969$2,272$1,724$1,357
24 years$4,669$3,602$2,746$2,072$1,550$1,204
25 years$4,434$3,380$2,543$1,892$1,395$1,069
26 years$4,218$3,177$2,359$1,730$1,256$951
27 years$4,019$2,990$2,190$1,584$1,133$846
28 years$3,834$2,817$2,036$1,451$1,022$753
29 years$3,661$2,658$1,895$1,331$923$671
30 years$3,501$2,510$1,765$1,221$834$598
31 years$3,352$2,373$1,645$1,121$754$533
32 years$3,212$2,245$1,535$1,031$682$476
33 years$3,080$2,126$1,433$948$617$425
34 years$2,957$2,015$1,339$872$559$379
35 years$2,841$1,911$1,252$803$506$338
36 years$2,732$1,814$1,171$739$459$302
37 years$2,629$1,723$1,096$681$416$270
38 years$2,531$1,637$1,027$628$377$241
39 years$2,439$1,557$962$579$342$216
40 years$2,352$1,481$902$534$310$193
41 years$2,269$1,410$845$493$281$172
42 years$2,190$1,343$793$455$255$154
43 years$2,115$1,280$744$420$232$138
44 years$2,044$1,220$699$388$210$123
45 years$1,976$1,163$656$358$191$110
46 years$1,911$1,110$616$331$173$99
47 years$1,849$1,059$579$305$157$88
48 years$1,790$1,011$544$282$143$79
49 years$1,733$965$511$261$130$71
50 years$1,679$922$481$241$118$63

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 $6,424 every year, while hoping to spend $42,294 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: 71/21/8 Blend
41$1,720,000$1,720,000$1,720,000$1,720,000
42$1,902,066$1,810,906$1,784,246$2,034,095
43$2,051,077$1,854,640$1,799,018$2,165,947
44$2,213,868$1,899,100$1,812,867$2,304,379
45$2,391,803$1,944,275$1,825,718$2,454,738
46$2,586,378$1,990,156$1,837,491$2,618,187
47$2,799,245$2,036,730$1,848,103$2,796,008
48$3,032,219$2,083,981$1,857,466$2,989,611
49$3,287,301$2,131,892$1,865,487$3,200,551
50$3,566,694$2,180,443$1,872,069$3,430,540
51$3,872,824$2,229,612$1,877,110$3,681,460
52$4,208,363$2,279,373$1,880,504$3,955,390
53$4,576,252$2,329,699$1,882,137$4,254,616
54$4,979,734$2,380,558$1,881,893$4,581,656
55$5,422,376$2,431,915$1,879,646$4,939,287
56$5,908,112$2,483,732$1,875,267$5,330,564
57$6,441,271$2,535,967$1,868,620$5,758,857
58$7,026,624$2,588,573$1,859,563$6,227,875
59$7,669,426$2,641,499$1,847,944$6,741,708
60$8,375,466$2,694,690$1,833,608$7,304,858
61$9,151,120$2,748,087$1,816,391$7,922,290
62$10,003,413$2,801,622$1,796,119$8,599,470
63$10,940,085$2,855,225$1,772,613$9,342,423
64$11,969,661$2,908,819$1,745,683$10,157,790
65$13,101,536$2,962,321$1,715,133$11,052,883
66$14,346,058$3,015,639$1,680,755$12,035,764
67$15,714,627$3,068,677$1,642,332$13,115,314
68$17,219,807$3,121,331$1,599,638$14,301,321
69$18,875,438$3,173,486$1,552,436$15,604,569
70$20,696,767$3,225,022$1,500,477$17,036,942
71$22,700,598$3,275,808$1,443,504$18,611,536
72$24,905,441$3,325,705$1,381,243$20,342,782
73$27,331,694$3,374,562$1,313,413$22,246,582
74$30,001,830$3,422,219$1,239,716$24,340,463
75$32,940,613$3,468,504$1,159,842$26,643,734
76$36,175,327$3,513,233$1,073,469$29,177,677
77$39,736,038$3,556,208$980,257$31,965,746
78$43,655,872$3,597,221$879,854$35,033,783
79$47,971,332$3,636,046$771,890$38,410,270
80$52,722,640$3,672,444$655,980$42,126,593
81$57,954,115$3,706,160$531,722$46,217,338
82$63,714,595$3,736,921$398,694$50,720,624
83$70,057,892$3,764,439$256,459$55,678,454
84$77,043,304$3,788,403$104,557$61,137,118
85$84,736,172$3,808,487$0$67,147,631
86$93,208,499$3,824,339$0$73,771,120
87$102,539,623$3,835,590$0$81,074,472
88$112,816,974$3,841,843$0$89,117,069
89$124,136,892$3,842,679$0$97,974,199
90$136,605,537$3,837,653$0$107,728,825
91$150,339,895$3,826,291$0$118,472,375
92$165,468,876$3,808,091$0$130,305,600
93$182,134,534$3,782,520$0$143,339,528
94$200,493,406$3,749,013$0$157,696,513
95$220,717,988$3,706,970$0$173,511,389
96$242,998,368$3,655,756$0$190,932,740
97$267,544,011$3,594,697$0$210,124,312
98$294,585,743$3,523,081$0$231,266,548
99$324,377,928$3,440,151$0$254,558,302
100$357,200,866$3,345,107$0$280,218,710