Can I retire at age 42 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$151,945$150,592$149,272$147,983$146,724$145,677
2 years$75,221$73,820$72,462$71,146$69,869$68,813
3 years$49,649$48,242$46,888$45,584$44,328$43,296
4 years$36,866$35,463$34,122$32,840$31,615$30,615
5 years$29,198$27,803$26,480$25,225$24,033$23,068
6 years$24,087$22,704$21,400$20,172$19,017$18,088
7 years$20,438$19,066$17,783$16,585$15,466$14,573
8 years$17,703$16,343$15,082$13,913$12,830$11,974
9 years$15,577$14,230$12,990$11,850$10,805$9,985
10 years$13,877$12,543$11,325$10,215$9,206$8,423
11 years$12,487$11,166$9,970$8,890$7,918$7,169
12 years$11,329$10,022$8,848$7,798$6,861$6,147
13 years$10,350$9,057$7,905$6,884$5,983$5,303
14 years$9,512$8,233$7,103$6,111$5,245$4,598
15 years$8,786$7,521$6,413$5,450$4,618$4,003
16 years$8,152$6,900$5,814$4,880$4,081$3,498
17 years$7,593$6,355$5,291$4,385$3,619$3,066
18 years$7,096$5,872$4,830$3,951$3,218$2,694
19 years$6,652$5,442$4,422$3,570$2,868$2,372
20 years$6,254$5,057$4,058$3,234$2,562$2,093
21 years$5,893$4,711$3,732$2,935$2,292$1,850
22 years$5,566$4,397$3,440$2,668$2,055$1,638
23 years$5,268$4,113$3,176$2,430$1,845$1,452
24 years$4,995$3,853$2,938$2,216$1,658$1,288
25 years$4,744$3,616$2,721$2,024$1,492$1,144
26 years$4,513$3,398$2,523$1,851$1,344$1,017
27 years$4,299$3,198$2,343$1,694$1,212$905
28 years$4,101$3,014$2,178$1,552$1,093$806
29 years$3,917$2,843$2,027$1,423$987$718
30 years$3,745$2,685$1,888$1,306$892$640
31 years$3,585$2,538$1,760$1,200$806$570
32 years$3,436$2,402$1,642$1,103$729$509
33 years$3,295$2,274$1,533$1,014$660$454
34 years$3,163$2,156$1,433$933$598$405
35 years$3,039$2,045$1,340$859$541$362
36 years$2,922$1,941$1,253$791$491$323
37 years$2,812$1,843$1,173$729$445$289
38 years$2,708$1,752$1,098$672$403$258
39 years$2,609$1,666$1,029$619$365$231
40 years$2,516$1,585$965$571$332$206
41 years$2,427$1,509$904$527$301$185
42 years$2,343$1,437$848$486$273$165
43 years$2,262$1,369$796$449$248$148
44 years$2,186$1,305$747$415$225$132
45 years$2,114$1,244$702$383$204$118
46 years$2,044$1,187$659$354$185$106
47 years$1,978$1,133$619$327$168$95
48 years$1,915$1,081$582$302$153$85
49 years$1,854$1,033$547$279$139$76
50 years$1,796$986$514$258$126$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,840,000, adding $6,903 every year, while hoping to spend $31,213 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: 51/30/19 Blend
41$1,840,000$1,840,000$1,840,000$1,840,000
42$2,034,800$1,937,280$1,908,760$2,127,554
43$2,209,140$1,998,997$1,939,494$2,253,941
44$2,400,215$2,062,691$1,970,210$2,387,482
45$2,609,702$2,128,427$2,000,876$2,532,005
46$2,839,443$2,196,272$2,031,457$2,688,561
47$3,091,469$2,266,292$2,061,914$2,858,305
48$3,368,018$2,338,559$2,092,207$3,042,509
49$3,671,553$2,413,146$2,122,293$3,242,571
50$4,004,789$2,490,127$2,152,127$3,460,033
51$4,370,714$2,569,581$2,181,661$3,696,589
52$4,772,624$2,651,587$2,210,844$3,954,106
53$5,214,145$2,736,229$2,239,621$4,234,638
54$5,699,275$2,823,591$2,267,935$4,540,448
55$6,232,417$2,913,763$2,295,727$4,874,026
56$6,818,422$3,006,835$2,322,932$5,238,116
57$7,462,633$3,102,903$2,349,482$5,635,736
58$8,170,939$3,202,062$2,375,307$6,070,212
59$8,949,827$3,304,415$2,400,332$6,545,209
60$9,806,442$3,410,065$2,424,476$7,064,759
61$10,748,661$3,519,119$2,447,657$7,633,305
62$11,785,157$3,631,689$2,469,786$8,255,741
63$12,925,490$3,747,888$2,490,771$8,937,458
64$14,180,191$3,867,836$2,510,514$9,684,392
65$15,560,866$3,991,656$2,528,911$10,503,084
66$17,080,300$4,119,472$2,545,855$11,400,738
67$18,752,581$4,251,417$2,561,232$12,385,292
68$20,593,233$4,387,625$2,574,921$13,465,489
69$22,619,359$4,528,235$2,586,798$14,650,961
70$24,849,808$4,673,393$2,596,730$15,952,320
71$27,305,345$4,823,246$2,604,577$17,381,258
72$30,008,855$4,977,949$2,610,195$18,950,654
73$32,985,550$5,137,661$2,613,429$20,674,701
74$36,263,216$5,302,546$2,614,118$22,569,034
75$39,872,468$5,472,775$2,612,095$24,650,879
76$43,847,041$5,648,523$2,607,182$26,939,218
77$48,224,110$5,829,971$2,599,193$29,454,964
78$53,044,637$6,017,307$2,587,933$32,221,159
79$58,353,760$6,210,725$2,573,199$35,263,194
80$64,201,218$6,410,425$2,554,776$38,609,045
81$70,641,822$6,616,615$2,532,441$42,289,536
82$77,735,967$6,829,509$2,505,957$46,338,633
83$85,550,209$7,049,328$2,475,080$50,793,763
84$94,157,887$7,276,302$2,439,551$55,696,167
85$103,639,816$7,510,666$2,399,101$61,091,285
86$114,085,054$7,752,665$2,353,448$67,029,191
87$125,591,737$8,002,552$2,302,296$73,565,062
88$138,268,006$8,260,590$2,245,335$80,759,697
89$152,233,031$8,527,047$2,182,242$88,680,094
90$167,618,132$8,802,204$2,112,678$97,400,079
91$184,568,019$9,086,349$2,036,291$107,001,003
92$203,242,158$9,379,782$1,952,708$117,572,513
93$223,816,279$9,682,812$1,861,544$129,213,392
94$246,484,027$9,995,758$1,762,394$142,032,494
95$271,458,798$10,318,950$1,654,834$156,149,775
96$298,975,748$10,652,731$1,538,424$171,697,417
97$329,294,014$10,997,454$1,412,700$188,821,080
98$362,699,159$11,353,485$1,277,181$207,681,280
99$399,505,869$11,721,202$1,131,363$228,454,895
100$440,060,923$12,100,996$974,718$251,336,842