Can I retire at age 42 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$147,817$146,500$145,215$143,961$142,737$140,315
2 years$73,176$71,814$70,493$69,212$67,970$65,537
3 years$48,300$46,931$45,614$44,345$43,123$40,755
4 years$35,864$34,499$33,195$31,948$30,756$28,471
5 years$28,404$27,048$25,761$24,539$23,380$21,185
6 years$23,433$22,087$20,818$19,624$18,500$16,397
7 years$19,883$18,548$17,300$16,134$15,045$13,036
8 years$17,222$15,899$14,672$13,534$12,482$10,565
9 years$15,153$13,843$12,637$11,528$10,511$8,686
10 years$13,500$12,202$11,017$9,938$8,956$7,221
11 years$12,147$10,863$9,699$8,649$7,703$6,055
12 years$11,021$9,750$8,608$7,586$6,675$5,114
13 years$10,069$8,811$7,691$6,697$5,821$4,343
14 years$9,254$8,009$6,910$5,945$5,102$3,706
15 years$8,548$7,316$6,239$5,302$4,492$3,174
16 years$7,930$6,713$5,656$4,747$3,970$2,728
17 years$7,386$6,182$5,147$4,265$3,520$2,351
18 years$6,903$5,713$4,699$3,844$3,130$2,031
19 years$6,472$5,294$4,301$3,473$2,790$1,757
20 years$6,084$4,920$3,948$3,146$2,492$1,523
21 years$5,733$4,583$3,631$2,855$2,230$1,323
22 years$5,415$4,278$3,347$2,596$1,999$1,150
23 years$5,125$4,001$3,090$2,364$1,794$1,000
24 years$4,859$3,748$2,858$2,156$1,613$871
25 years$4,615$3,518$2,647$1,969$1,451$760
26 years$4,390$3,306$2,455$1,801$1,307$663
27 years$4,182$3,111$2,279$1,648$1,179$578
28 years$3,990$2,932$2,119$1,510$1,064$505
29 years$3,810$2,766$1,972$1,385$960$441
30 years$3,644$2,612$1,837$1,271$868$386
31 years$3,488$2,469$1,712$1,167$785$337
32 years$3,342$2,336$1,598$1,073$710$295
33 years$3,206$2,213$1,492$986$642$258
34 years$3,077$2,097$1,394$908$581$226
35 years$2,957$1,989$1,303$835$527$198
36 years$2,843$1,888$1,219$769$477$173
37 years$2,736$1,793$1,141$709$432$151
38 years$2,634$1,704$1,069$653$392$133
39 years$2,538$1,620$1,001$602$356$116
40 years$2,447$1,542$938$556$323$102
41 years$2,361$1,468$880$513$293$89
42 years$2,279$1,398$825$473$265$78
43 years$2,201$1,332$774$437$241$68
44 years$2,127$1,269$727$403$219$60
45 years$2,056$1,210$683$372$199$52
46 years$1,989$1,155$641$344$180$46
47 years$1,924$1,102$602$318$164$40
48 years$1,863$1,052$566$294$149$35
49 years$1,804$1,005$532$271$135$31
50 years$1,748$960$500$251$123$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,790,000, adding $2,780 every year, while hoping to spend $29,626 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: 68/23/9 Blend
41$1,790,000$1,790,000$1,790,000$1,790,000
42$1,975,448$1,880,578$1,852,833$2,106,150
43$2,145,421$1,941,204$1,883,381$2,253,867
44$2,331,740$2,003,808$1,913,959$2,411,518
45$2,536,038$2,068,456$1,944,538$2,583,138
46$2,760,118$2,135,215$1,975,084$2,770,092
47$3,005,965$2,204,155$2,005,564$2,973,879
48$3,275,764$2,275,349$2,035,941$3,196,152
49$3,571,924$2,348,873$2,066,177$3,438,731
50$3,897,095$2,424,803$2,096,229$3,703,616
51$4,254,200$2,503,219$2,126,054$3,993,013
52$4,646,458$2,584,206$2,155,606$4,309,350
53$5,077,413$2,667,849$2,184,835$4,655,299
54$5,550,971$2,754,235$2,213,689$5,033,805
55$6,071,436$2,843,459$2,242,113$5,448,108
56$6,643,547$2,935,613$2,270,049$5,901,778
57$7,272,528$3,030,797$2,297,435$6,398,748
58$7,964,132$3,129,112$2,324,205$6,943,347
59$8,724,699$3,230,664$2,350,291$7,540,346
60$9,561,212$3,335,561$2,375,620$8,194,996
61$10,481,368$3,443,915$2,400,115$8,913,086
62$11,493,644$3,555,844$2,423,696$9,700,988
63$12,607,382$3,671,467$2,446,276$10,565,726
64$13,832,876$3,790,909$2,467,767$11,515,033
65$15,181,465$3,914,299$2,488,073$12,557,430
66$16,665,646$4,041,772$2,507,095$13,702,305
67$18,299,187$4,173,463$2,524,728$14,959,998
68$20,097,259$4,309,518$2,540,861$16,341,902
69$22,076,578$4,450,083$2,555,379$17,860,570
70$24,255,564$4,595,312$2,568,159$19,529,829
71$26,654,512$4,745,364$2,579,073$21,364,915
72$29,295,787$4,900,401$2,587,987$23,382,614
73$32,204,031$5,060,595$2,594,758$25,601,419
74$35,406,399$5,226,120$2,599,239$28,041,709
75$38,932,811$5,397,159$2,601,273$30,725,934
76$42,816,238$5,573,901$2,600,696$33,678,832
77$47,093,012$5,756,539$2,597,337$36,927,659
78$51,803,166$5,945,277$2,591,015$40,502,447
79$56,990,816$6,140,322$2,581,541$44,436,288
80$62,704,574$6,341,893$2,568,717$48,765,643
81$68,998,007$6,550,212$2,552,335$53,530,689
82$75,930,143$6,765,512$2,532,178$58,775,696
83$83,566,029$6,988,034$2,508,018$64,549,442
84$91,977,342$7,218,026$2,479,615$70,905,679
85$101,243,068$7,455,746$2,446,719$77,903,635
86$111,450,246$7,701,462$2,409,068$85,608,572
87$122,694,787$7,955,450$2,366,388$94,092,407
88$135,082,385$8,217,997$2,318,392$103,434,383
89$148,729,509$8,489,399$2,264,779$113,721,821
90$163,764,504$8,769,965$2,205,234$125,050,945
91$180,328,804$9,060,013$2,139,429$137,527,784
92$198,578,261$9,359,874$2,067,020$151,269,178
93$218,684,626$9,669,889$1,987,647$166,403,877
94$240,837,157$9,990,414$1,900,933$183,073,757
95$265,244,418$10,321,815$1,806,485$201,435,159
96$292,136,239$10,664,474$1,703,892$221,660,360
97$321,765,887$11,018,785$1,592,725$243,939,208
98$354,412,460$11,385,157$1,472,533$268,480,902
99$390,383,516$11,764,016$1,342,848$295,515,974
100$430,017,981$12,155,799$1,203,180$325,298,463