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%12.1%
1 years$143,688$142,408$141,159$139,940$138,750$137,530
2 years$71,132$69,808$68,524$67,279$66,071$64,842
3 years$46,951$45,620$44,339$43,106$41,918$40,718
4 years$34,862$33,536$32,268$31,056$29,897$28,734
5 years$27,611$26,292$25,041$23,854$22,727$21,606
6 years$22,778$21,470$20,237$19,076$17,983$16,905
7 years$19,328$18,030$16,817$15,683$14,625$13,590
8 years$16,741$15,455$14,262$13,156$12,133$11,141
9 years$14,730$13,457$12,284$11,206$10,218$9,269
10 years$13,122$11,861$10,709$9,660$8,706$7,799
11 years$11,808$10,559$9,428$8,407$7,487$6,622
12 years$10,713$9,478$8,367$7,374$6,488$5,664
13 years$9,788$8,565$7,476$6,510$5,658$4,874
14 years$8,995$7,785$6,717$5,779$4,960$4,214
15 years$8,309$7,112$6,065$5,154$4,367$3,660
16 years$7,709$6,525$5,498$4,615$3,860$3,189
17 years$7,180$6,009$5,003$4,146$3,422$2,787
18 years$6,711$5,553$4,567$3,737$3,043$2,442
19 years$6,291$5,146$4,181$3,376$2,712$2,144
20 years$5,914$4,782$3,837$3,058$2,423$1,887
21 years$5,573$4,455$3,530$2,775$2,168$1,663
22 years$5,263$4,158$3,253$2,523$1,943$1,467
23 years$4,981$3,889$3,004$2,298$1,744$1,297
24 years$4,723$3,644$2,778$2,096$1,568$1,147
25 years$4,486$3,419$2,573$1,914$1,411$1,016
26 years$4,267$3,214$2,386$1,750$1,271$900
27 years$4,065$3,025$2,216$1,602$1,146$798
28 years$3,878$2,850$2,060$1,468$1,034$708
29 years$3,704$2,689$1,917$1,346$934$629
30 years$3,542$2,539$1,786$1,235$843$559
31 years$3,391$2,400$1,665$1,135$763$497
32 years$3,249$2,271$1,553$1,043$690$442
33 years$3,116$2,151$1,450$959$624$393
34 years$2,991$2,039$1,355$882$565$350
35 years$2,874$1,934$1,267$812$512$311
36 years$2,764$1,835$1,185$748$464$277
37 years$2,659$1,743$1,109$689$420$247
38 years$2,561$1,656$1,039$635$381$220
39 years$2,467$1,575$973$586$346$196
40 years$2,379$1,499$912$540$313$174
41 years$2,295$1,427$855$498$284$155
42 years$2,215$1,359$802$460$258$138
43 years$2,139$1,294$753$425$234$123
44 years$2,067$1,234$707$392$213$110
45 years$1,999$1,177$664$362$193$98
46 years$1,933$1,122$623$334$175$87
47 years$1,871$1,071$585$309$159$78
48 years$1,811$1,023$550$286$145$69
49 years$1,754$977$517$264$131$62
50 years$1,699$933$486$244$119$55

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 $4,789 every year, while hoping to spend $37,849 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: 76/18/6 Blend
41$1,740,000$1,740,000$1,740,000$1,740,000
42$1,922,420$1,830,200$1,803,230$2,067,025
43$2,078,236$1,879,609$1,823,367$2,212,097
44$2,248,676$1,930,170$1,842,910$2,365,715
45$2,435,193$1,981,900$1,861,800$2,532,981
46$2,639,385$2,034,815$1,879,972$2,715,233
47$2,863,012$2,088,931$1,897,361$2,913,945
48$3,108,013$2,144,263$1,913,897$3,130,738
49$3,376,523$2,200,824$1,929,505$3,367,400
50$3,670,893$2,258,629$1,944,108$3,625,896
51$3,993,713$2,317,691$1,957,624$3,908,393
52$4,347,834$2,378,020$1,969,967$4,217,277
53$4,736,399$2,439,629$1,981,047$4,555,176
54$5,162,867$2,502,527$1,990,768$4,924,984
55$5,631,052$2,566,722$1,999,030$5,329,889
56$6,145,150$2,632,223$2,005,729$5,773,402
57$6,709,788$2,699,034$2,010,753$6,259,393
58$7,330,061$2,767,161$2,013,988$6,792,121
59$8,011,581$2,836,607$2,015,311$7,376,281
60$8,760,534$2,907,371$2,014,595$8,017,045
61$9,583,730$2,979,454$2,011,705$8,720,110
62$10,488,675$3,052,852$2,006,502$9,491,751
63$11,483,638$3,127,560$1,998,838$10,338,886
64$12,577,728$3,203,569$1,988,558$11,269,131
65$13,780,982$3,280,870$1,975,501$12,290,882
66$15,104,459$3,359,449$1,959,497$13,413,387
67$16,560,341$3,439,290$1,940,367$14,646,836
68$18,162,053$3,520,373$1,917,927$16,002,456
69$19,924,386$3,602,674$1,891,980$17,492,619
70$21,863,635$3,686,166$1,862,323$19,130,956
71$23,997,756$3,770,819$1,828,742$20,932,486
72$26,346,535$3,856,597$1,791,013$22,913,760
73$28,931,772$3,943,460$1,748,901$25,093,012
74$31,777,485$4,031,363$1,702,163$27,490,338
75$34,910,144$4,120,255$1,650,541$30,127,879
76$38,358,912$4,210,081$1,593,767$33,030,034
77$42,155,924$4,300,778$1,531,561$36,223,687
78$46,336,590$4,392,277$1,463,630$39,738,465
79$50,939,928$4,484,505$1,389,667$43,607,012
80$56,008,932$4,577,377$1,309,352$47,865,302
81$61,590,978$4,670,803$1,222,350$52,552,976
82$67,738,270$4,764,685$1,128,312$57,713,716
83$74,508,334$4,858,915$1,026,871$63,395,658
84$81,964,559$4,953,377$917,646$69,651,846
85$90,176,794$5,047,942$800,237$76,540,733
86$99,222,011$5,142,475$674,229$84,126,731
87$109,185,026$5,236,826$539,185$92,480,822
88$120,159,303$5,330,835$394,652$101,681,225
89$132,247,835$5,424,329$240,156$111,814,138
90$145,564,114$5,517,121$75,201$122,974,547
91$160,233,203$5,609,010$0$135,267,126
92$176,392,919$5,699,781$0$148,813,679
93$194,195,128$5,789,201$0$163,740,421
94$213,807,181$5,877,022$0$180,182,648
95$235,413,494$5,962,976$0$198,294,760
96$259,217,287$6,046,779$0$218,246,904
97$285,442,503$6,128,124$0$240,226,580
98$314,335,921$6,206,685$0$264,440,407
99$346,169,483$6,282,110$0$291,116,077
100$381,242,864$6,354,028$0$320,504,505