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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$143,688$142,408$141,159$139,940$138,750$136,116
2 years$71,132$69,808$68,524$67,279$66,071$63,428
3 years$46,951$45,620$44,339$43,106$41,918$39,348
4 years$34,862$33,536$32,268$31,056$29,897$27,418
5 years$27,611$26,292$25,041$23,854$22,727$20,349
6 years$22,778$21,470$20,237$19,076$17,983$15,707
7 years$19,328$18,030$16,817$15,683$14,625$12,452
8 years$16,741$15,455$14,262$13,156$12,133$10,063
9 years$14,730$13,457$12,284$11,206$10,218$8,249
10 years$13,122$11,861$10,709$9,660$8,706$6,836
11 years$11,808$10,559$9,428$8,407$7,487$5,715
12 years$10,713$9,478$8,367$7,374$6,488$4,810
13 years$9,788$8,565$7,476$6,510$5,658$4,072
14 years$8,995$7,785$6,717$5,779$4,960$3,463
15 years$8,309$7,112$6,065$5,154$4,367$2,956
16 years$7,709$6,525$5,498$4,615$3,860$2,532
17 years$7,180$6,009$5,003$4,146$3,422$2,174
18 years$6,711$5,553$4,567$3,737$3,043$1,871
19 years$6,291$5,146$4,181$3,376$2,712$1,613
20 years$5,914$4,782$3,837$3,058$2,423$1,393
21 years$5,573$4,455$3,530$2,775$2,168$1,205
22 years$5,263$4,158$3,253$2,523$1,943$1,043
23 years$4,981$3,889$3,004$2,298$1,744$904
24 years$4,723$3,644$2,778$2,096$1,568$785
25 years$4,486$3,419$2,573$1,914$1,411$681
26 years$4,267$3,214$2,386$1,750$1,271$592
27 years$4,065$3,025$2,216$1,602$1,146$514
28 years$3,878$2,850$2,060$1,468$1,034$447
29 years$3,704$2,689$1,917$1,346$934$389
30 years$3,542$2,539$1,786$1,235$843$339
31 years$3,391$2,400$1,665$1,135$763$295
32 years$3,249$2,271$1,553$1,043$690$257
33 years$3,116$2,151$1,450$959$624$224
34 years$2,991$2,039$1,355$882$565$195
35 years$2,874$1,934$1,267$812$512$170
36 years$2,764$1,835$1,185$748$464$148
37 years$2,659$1,743$1,109$689$420$129
38 years$2,561$1,656$1,039$635$381$113
39 years$2,467$1,575$973$586$346$98
40 years$2,379$1,499$912$540$313$86
41 years$2,295$1,427$855$498$284$75
42 years$2,215$1,359$802$460$258$65
43 years$2,139$1,294$753$425$234$57
44 years$2,067$1,234$707$392$213$50
45 years$1,999$1,177$664$362$193$43
46 years$1,933$1,122$623$334$175$38
47 years$1,871$1,071$585$309$159$33
48 years$1,811$1,023$550$286$145$29
49 years$1,754$977$517$264$131$25
50 years$1,699$933$486$244$119$22

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 $2,886 every year, while hoping to spend $53,104 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: 38/35/27 Blend
41$1,740,000$1,740,000$1,740,000$1,740,000
42$1,920,457$1,828,237$1,801,267$1,977,889
43$2,059,841$1,861,318$1,805,107$2,053,338
44$2,211,663$1,894,241$1,807,296$2,129,729
45$2,377,135$1,926,941$1,807,723$2,211,266
46$2,557,591$1,959,349$1,806,270$2,298,450
47$2,754,500$1,991,392$1,802,815$2,391,835
48$2,969,479$2,022,990$1,797,229$2,492,033
49$3,204,308$2,054,059$1,789,378$2,599,721
50$3,460,945$2,084,505$1,779,120$2,715,646
51$3,741,548$2,114,233$1,766,307$2,840,634
52$4,048,491$2,143,136$1,750,784$2,975,598
53$4,384,390$2,171,102$1,732,388$3,121,546
54$4,752,123$2,198,011$1,710,948$3,279,593
55$5,154,862$2,223,736$1,686,287$3,450,969
56$5,596,098$2,248,139$1,658,217$3,637,036
57$6,079,676$2,271,074$1,626,544$3,839,294
58$6,609,831$2,292,385$1,591,062$4,059,404
59$7,191,229$2,311,907$1,551,557$4,299,198
60$7,829,005$2,329,461$1,507,805$4,560,700
61$8,528,819$2,344,861$1,459,573$4,846,144
62$9,296,904$2,357,904$1,406,614$5,158,001
63$10,140,125$2,368,378$1,348,672$5,498,994
64$11,066,046$2,376,056$1,285,480$5,872,132
65$12,082,996$2,380,697$1,216,757$6,280,739
66$13,200,154$2,382,043$1,142,211$6,728,482
67$14,427,630$2,379,823$1,061,535$7,219,408
68$15,776,562$2,373,748$974,410$7,757,988
69$17,259,220$2,363,511$880,502$8,349,154
70$18,889,123$2,348,786$779,461$8,998,350
71$20,681,164$2,329,227$670,924$9,711,584
72$22,651,752$2,304,468$554,509$10,495,488
73$24,818,965$2,274,121$429,819$11,357,378
74$27,202,721$2,237,774$296,439$12,305,329
75$29,824,964$2,194,992$153,936$13,348,250
76$32,709,875$2,145,311$1,858$14,495,970
77$35,884,094$2,088,243$0$15,759,334
78$39,376,975$2,023,269$0$17,196,529
79$43,220,859$1,949,842$0$18,778,107
80$47,451,383$1,867,382$0$20,518,242
81$52,107,814$1,775,273$0$22,433,151
82$57,233,418$1,672,868$0$24,540,712
83$62,875,867$1,559,479$0$26,860,636
84$69,087,692$1,434,380$0$29,414,652
85$75,926,775$1,296,803$0$32,226,716
86$83,456,897$1,145,938$0$35,323,238
87$91,748,338$980,926$0$38,733,332
88$100,878,539$800,862$0$42,489,093
89$110,932,835$604,789$0$46,625,903
90$122,005,256$391,695$0$51,182,766
91$134,199,418$160,515$0$56,202,679
92$147,629,498$0$0$61,733,038
93$162,421,311$0$0$67,860,708
94$178,713,498$0$0$74,678,347
95$196,658,831$0$0$82,188,104
96$216,425,661$0$0$90,460,472
97$238,199,497$0$0$99,573,130
98$262,184,765$0$0$109,611,679
99$288,606,731$0$0$120,670,446
100$317,713,629$0$0$132,853,376