Can I retire at age 42 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$151,120$149,774$148,460$147,178$145,927$145,007
2 years$74,812$73,418$72,068$70,759$69,489$68,561
3 years$49,379$47,980$46,633$45,336$44,087$43,180
4 years$36,665$35,270$33,937$32,662$31,443$30,564
5 years$29,039$27,652$26,336$25,088$23,902$23,053
6 years$23,956$22,580$21,284$20,063$18,913$18,096
7 years$20,327$18,963$17,687$16,495$15,381$14,596
8 years$17,607$16,255$15,000$13,837$12,760$12,006
9 years$15,492$14,153$12,919$11,786$10,746$10,024
10 years$13,801$12,475$11,263$10,160$9,156$8,465
11 years$12,419$11,106$9,916$8,842$7,875$7,214
12 years$11,267$9,968$8,800$7,756$6,824$6,194
13 years$10,294$9,008$7,862$6,847$5,951$5,350
14 years$9,460$8,188$7,064$6,078$5,216$4,645
15 years$8,739$7,480$6,378$5,421$4,593$4,049
16 years$8,108$6,863$5,783$4,853$4,059$3,543
17 years$7,551$6,320$5,262$4,361$3,599$3,109
18 years$7,058$5,840$4,804$3,930$3,200$2,736
19 years$6,616$5,413$4,398$3,551$2,852$2,413
20 years$6,220$5,030$4,036$3,216$2,548$2,132
21 years$5,861$4,685$3,712$2,919$2,280$1,887
22 years$5,536$4,373$3,421$2,654$2,044$1,673
23 years$5,239$4,090$3,159$2,417$1,835$1,485
24 years$4,967$3,832$2,922$2,204$1,649$1,320
25 years$4,718$3,596$2,706$2,013$1,484$1,174
26 years$4,488$3,380$2,510$1,841$1,337$1,046
27 years$4,276$3,181$2,330$1,685$1,205$932
28 years$4,079$2,997$2,166$1,544$1,087$831
29 years$3,896$2,828$2,016$1,416$982$741
30 years$3,725$2,670$1,878$1,299$887$662
31 years$3,566$2,524$1,751$1,193$802$591
32 years$3,417$2,389$1,633$1,097$726$528
33 years$3,277$2,262$1,525$1,008$657$472
34 years$3,146$2,144$1,425$928$594$422
35 years$3,023$2,034$1,332$854$538$378
36 years$2,906$1,930$1,246$787$488$338
37 years$2,797$1,833$1,167$725$442$302
38 years$2,693$1,742$1,092$668$401$271
39 years$2,595$1,657$1,023$616$364$242
40 years$2,502$1,576$959$568$330$217
41 years$2,414$1,500$899$524$299$194
42 years$2,330$1,429$844$484$271$174
43 years$2,250$1,361$792$447$246$156
44 years$2,174$1,298$743$412$224$140
45 years$2,102$1,237$698$381$203$125
46 years$2,033$1,181$655$352$184$112
47 years$1,967$1,127$616$325$167$101
48 years$1,904$1,075$579$300$152$90
49 years$1,844$1,027$544$278$138$81
50 years$1,787$981$511$257$125$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,830,000, adding $6,574 every year, while hoping to spend $22,462 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: 59/34/7 Blend
41$1,830,000$1,830,000$1,830,000$1,830,000
42$2,023,441$1,926,451$1,898,086$2,139,469
43$2,205,933$1,996,948$1,937,773$2,288,565
44$2,406,286$2,070,146$1,978,036$2,447,910
45$2,626,298$2,146,154$2,018,871$2,621,083
46$2,867,951$2,225,086$2,060,274$2,809,411
47$3,133,426$2,307,059$2,102,237$3,014,355
48$3,425,127$2,392,197$2,144,753$3,237,522
49$3,745,702$2,480,627$2,187,815$3,480,678
50$4,098,070$2,572,484$2,231,413$3,745,768
51$4,485,443$2,667,906$2,275,536$4,034,930
52$4,911,364$2,767,039$2,320,172$4,350,517
53$5,379,733$2,870,034$2,365,308$4,695,120
54$5,894,850$2,977,050$2,410,929$5,071,589
55$6,461,450$3,088,250$2,457,020$5,483,060
56$7,084,750$3,203,807$2,503,563$5,932,985
57$7,770,501$3,323,900$2,550,539$6,425,166
58$8,525,036$3,448,714$2,597,925$6,963,786
59$9,355,334$3,578,446$2,645,701$7,553,452
60$10,269,087$3,713,299$2,693,840$8,199,232
61$11,274,767$3,853,483$2,742,317$8,906,711
62$12,381,710$3,999,222$2,791,102$9,682,036
63$13,600,205$4,150,744$2,840,164$10,531,976
64$14,941,586$4,308,290$2,889,470$11,463,984
65$16,418,344$4,472,113$2,938,984$12,486,268
66$18,044,243$4,642,474$2,988,667$13,607,868
67$19,834,446$4,819,646$3,038,478$14,838,737
68$21,805,665$5,003,914$3,088,373$16,189,841
69$23,976,315$5,195,577$3,138,305$17,673,254
70$26,366,684$5,394,946$3,188,223$19,302,276
71$28,999,131$5,602,344$3,238,074$21,091,556
72$31,898,295$5,818,111$3,287,802$23,057,228
73$35,091,322$6,042,599$3,337,344$25,217,068
74$38,608,129$6,276,179$3,386,638$27,590,651
75$42,481,682$6,519,235$3,435,613$30,199,545
76$46,748,306$6,772,170$3,484,199$33,067,506
77$51,448,030$7,035,404$3,532,317$36,220,705
78$56,624,965$7,309,375$3,579,886$39,687,972
79$62,327,719$7,594,541$3,626,819$43,501,068
80$68,609,855$7,891,382$3,673,026$47,694,983
81$75,530,396$8,200,396$3,718,408$52,308,264
82$83,154,387$8,522,105$3,762,865$57,383,381
83$91,553,501$8,857,055$3,806,288$62,967,122
84$100,806,721$9,205,814$3,848,562$69,111,033
85$111,001,085$9,568,978$3,889,567$75,871,910
86$122,232,505$9,947,167$3,929,177$83,312,324
87$134,606,673$10,341,030$3,967,256$91,501,217
88$148,240,059$10,751,246$4,003,665$100,514,547
89$163,261,011$11,178,523$4,038,254$110,436,005
90$179,810,965$11,623,602$4,070,866$121,357,804
91$198,045,780$12,087,255$4,101,337$133,381,543
92$218,137,210$12,570,291$4,129,492$146,619,169
93$240,274,525$13,073,555$4,155,149$161,194,032
94$264,666,297$13,597,929$4,178,117$177,242,040
95$291,542,368$14,144,336$4,198,193$194,912,948
96$321,156,022$14,713,741$4,215,165$214,371,764
97$353,786,373$15,307,151$4,228,810$235,800,307
98$389,741,001$15,925,620$4,238,893$259,398,918
99$429,358,857$16,570,249$4,245,170$285,388,351
100$473,013,459$17,242,190$4,247,381$314,011,853