Can I retire at age 42 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$143,688$142,408$141,159$139,940$138,750$133,509
2 years$71,132$69,808$68,524$67,279$66,071$60,852
3 years$46,951$45,620$44,339$43,106$41,918$36,885
4 years$34,862$33,536$32,268$31,056$29,897$25,087
5 years$27,611$26,292$25,041$23,854$22,727$18,154
6 years$22,778$21,470$20,237$19,076$17,983$13,650
7 years$19,328$18,030$16,817$15,683$14,625$10,530
8 years$16,741$15,455$14,262$13,156$12,133$8,273
9 years$14,730$13,457$12,284$11,206$10,218$6,587
10 years$13,122$11,861$10,709$9,660$8,706$5,298
11 years$11,808$10,559$9,428$8,407$7,487$4,294
12 years$10,713$9,478$8,367$7,374$6,488$3,502
13 years$9,788$8,565$7,476$6,510$5,658$2,870
14 years$8,995$7,785$6,717$5,779$4,960$2,361
15 years$8,309$7,112$6,065$5,154$4,367$1,949
16 years$7,709$6,525$5,498$4,615$3,860$1,612
17 years$7,180$6,009$5,003$4,146$3,422$1,337
18 years$6,711$5,553$4,567$3,737$3,043$1,110
19 years$6,291$5,146$4,181$3,376$2,712$924
20 years$5,914$4,782$3,837$3,058$2,423$769
21 years$5,573$4,455$3,530$2,775$2,168$641
22 years$5,263$4,158$3,253$2,523$1,943$535
23 years$4,981$3,889$3,004$2,298$1,744$446
24 years$4,723$3,644$2,778$2,096$1,568$373
25 years$4,486$3,419$2,573$1,914$1,411$311
26 years$4,267$3,214$2,386$1,750$1,271$260
27 years$4,065$3,025$2,216$1,602$1,146$218
28 years$3,878$2,850$2,060$1,468$1,034$182
29 years$3,704$2,689$1,917$1,346$934$152
30 years$3,542$2,539$1,786$1,235$843$127
31 years$3,391$2,400$1,665$1,135$763$107
32 years$3,249$2,271$1,553$1,043$690$89
33 years$3,116$2,151$1,450$959$624$75
34 years$2,991$2,039$1,355$882$565$63
35 years$2,874$1,934$1,267$812$512$52
36 years$2,764$1,835$1,185$748$464$44
37 years$2,659$1,743$1,109$689$420$37
38 years$2,561$1,656$1,039$635$381$31
39 years$2,467$1,575$973$586$346$26
40 years$2,379$1,499$912$540$313$22
41 years$2,295$1,427$855$498$284$18
42 years$2,215$1,359$802$460$258$15
43 years$2,139$1,294$753$425$234$13
44 years$2,067$1,234$707$392$213$11
45 years$1,999$1,177$664$362$193$9
46 years$1,933$1,122$623$334$175$7
47 years$1,871$1,071$585$309$159$6
48 years$1,811$1,023$550$286$145$5
49 years$1,754$977$517$264$131$4
50 years$1,699$933$486$244$119$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,740,000, adding $6,398 every year, while hoping to spend $33,718 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: 66/8/26 Blend
41$1,740,000$1,740,000$1,740,000$1,740,000
42$1,924,080$1,831,860$1,804,890$2,037,615
43$2,084,460$1,885,745$1,829,478$2,168,788
44$2,260,069$1,941,141$1,853,759$2,307,776
45$2,452,425$1,998,085$1,877,689$2,458,982
46$2,663,198$2,056,617$1,901,218$2,623,613
47$2,894,230$2,116,778$1,924,294$2,802,996
48$3,147,548$2,178,606$1,946,865$2,998,595
49$3,425,385$2,242,145$1,968,871$3,212,022
50$3,730,200$2,307,436$1,990,254$3,445,054
51$4,064,702$2,374,521$2,010,949$3,699,647
52$4,431,875$2,443,446$2,030,889$3,977,957
53$4,835,005$2,514,254$2,050,004$4,282,360
54$5,277,714$2,586,991$2,068,217$4,615,472
55$5,763,990$2,661,703$2,085,451$4,980,178
56$6,298,226$2,738,435$2,101,623$5,379,655
57$6,885,263$2,817,236$2,116,645$5,817,403
58$7,530,433$2,898,154$2,130,426$6,297,282
59$8,239,611$2,981,238$2,142,869$6,823,541
60$9,019,269$3,066,536$2,153,873$7,400,865
61$9,876,537$3,154,099$2,163,331$8,034,416
62$10,819,272$3,243,978$2,171,130$8,729,883
63$11,856,129$3,336,224$2,177,154$9,493,532
64$12,996,644$3,430,889$2,181,278$10,332,272
65$14,251,324$3,528,024$2,183,373$11,253,713
66$15,631,745$3,627,684$2,183,303$12,266,245
67$17,150,663$3,729,920$2,180,923$13,379,109
68$18,822,132$3,834,787$2,176,085$14,602,492
69$20,661,636$3,942,339$2,168,631$15,947,620
70$22,686,239$4,052,630$2,158,397$17,426,862
71$24,914,741$4,165,714$2,145,209$19,053,851
72$27,367,857$4,281,647$2,128,885$20,843,609
73$30,068,413$4,400,482$2,109,237$22,812,692
74$33,041,560$4,522,274$2,086,066$24,979,345
75$36,315,013$4,647,079$2,059,162$27,363,673
76$39,919,308$4,774,951$2,028,309$29,987,834
77$43,888,097$4,905,943$1,993,277$32,876,244
78$48,258,459$5,040,110$1,953,827$36,055,814
79$53,071,252$5,177,505$1,909,710$39,556,198
80$58,371,498$5,318,181$1,860,664$43,410,075
81$64,208,809$5,462,190$1,806,414$47,653,460
82$70,637,853$5,609,583$1,746,675$52,326,043
83$77,718,872$5,760,410$1,681,146$57,471,561
84$85,518,247$5,914,721$1,609,515$63,138,217
85$94,109,128$6,072,562$1,531,454$69,379,129
86$103,572,122$6,233,981$1,446,620$76,252,837
87$113,996,053$6,399,020$1,354,656$83,823,852
88$125,478,801$6,567,723$1,255,188$92,163,267
89$138,128,227$6,740,130$1,147,825$101,349,431
90$152,063,188$6,916,278$1,032,159$111,468,685
91$167,414,660$7,096,202$907,763$122,616,179
92$184,326,975$7,279,935$774,193$134,896,771
93$202,959,180$7,467,506$630,982$148,426,018
94$223,486,542$7,658,940$477,646$163,331,268
95$246,102,200$7,854,258$313,677$179,752,858
96$271,018,985$8,053,477$138,546$197,845,446
97$298,471,434$8,256,611$0$217,779,469
98$328,718,002$8,463,666$0$239,756,165
99$362,043,498$8,674,645$0$264,010,995
100$398,761,776$8,889,545$0$290,733,756