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%14.4%
1 years$151,945$150,592$149,272$147,983$146,724$144,056
2 years$75,221$73,820$72,462$71,146$69,869$67,191
3 years$49,649$48,242$46,888$45,584$44,328$41,722
4 years$36,866$35,463$34,122$32,840$31,615$29,103
5 years$29,198$27,803$26,480$25,225$24,033$21,621
6 years$24,087$22,704$21,400$20,172$19,017$16,708
7 years$20,438$19,066$17,783$16,585$15,466$13,260
8 years$17,703$16,343$15,082$13,913$12,830$10,728
9 years$15,577$14,230$12,990$11,850$10,805$8,804
10 years$13,877$12,543$11,325$10,215$9,206$7,306
11 years$12,487$11,166$9,970$8,890$7,918$6,115
12 years$11,329$10,022$8,848$7,798$6,861$5,154
13 years$10,350$9,057$7,905$6,884$5,983$4,369
14 years$9,512$8,233$7,103$6,111$5,245$3,720
15 years$8,786$7,521$6,413$5,450$4,618$3,180
16 years$8,152$6,900$5,814$4,880$4,081$2,727
17 years$7,593$6,355$5,291$4,385$3,619$2,345
18 years$7,096$5,872$4,830$3,951$3,218$2,021
19 years$6,652$5,442$4,422$3,570$2,868$1,745
20 years$6,254$5,057$4,058$3,234$2,562$1,510
21 years$5,893$4,711$3,732$2,935$2,292$1,308
22 years$5,566$4,397$3,440$2,668$2,055$1,134
23 years$5,268$4,113$3,176$2,430$1,845$985
24 years$4,995$3,853$2,938$2,216$1,658$856
25 years$4,744$3,616$2,721$2,024$1,492$744
26 years$4,513$3,398$2,523$1,851$1,344$647
27 years$4,299$3,198$2,343$1,694$1,212$564
28 years$4,101$3,014$2,178$1,552$1,093$491
29 years$3,917$2,843$2,027$1,423$987$428
30 years$3,745$2,685$1,888$1,306$892$373
31 years$3,585$2,538$1,760$1,200$806$325
32 years$3,436$2,402$1,642$1,103$729$284
33 years$3,295$2,274$1,533$1,014$660$248
34 years$3,163$2,156$1,433$933$598$216
35 years$3,039$2,045$1,340$859$541$189
36 years$2,922$1,941$1,253$791$491$165
37 years$2,812$1,843$1,173$729$445$144
38 years$2,708$1,752$1,098$672$403$126
39 years$2,609$1,666$1,029$619$365$110
40 years$2,516$1,585$965$571$332$96
41 years$2,427$1,509$904$527$301$84
42 years$2,343$1,437$848$486$273$73
43 years$2,262$1,369$796$449$248$64
44 years$2,186$1,305$747$415$225$56
45 years$2,114$1,244$702$383$204$49
46 years$2,044$1,187$659$354$185$43
47 years$1,978$1,133$619$327$168$37
48 years$1,915$1,081$582$302$153$33
49 years$1,854$1,033$547$279$139$28
50 years$1,796$986$514$258$126$25

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 $5,201 every year, while hoping to spend $54,226 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: 61/33/6 Blend
41$1,840,000$1,840,000$1,840,000$1,840,000
42$2,033,045$1,935,525$1,907,005$2,154,496
43$2,182,719$1,972,670$1,913,193$2,273,422
44$2,345,843$2,009,817$1,917,772$2,396,367
45$2,523,731$2,046,910$1,920,629$2,529,115
46$2,717,830$2,083,886$1,921,648$2,672,611
47$2,929,732$2,120,680$1,920,707$2,827,895
48$3,161,191$2,157,220$1,917,677$2,996,112
49$3,414,136$2,193,427$1,912,423$3,178,526
50$3,690,692$2,229,220$1,904,803$3,376,527
51$3,993,199$2,264,508$1,894,671$3,591,647
52$4,324,233$2,299,196$1,881,870$3,825,576
53$4,686,630$2,333,182$1,866,237$4,080,174
54$5,083,512$2,366,354$1,847,602$4,357,494
55$5,518,321$2,398,595$1,825,787$4,659,795
56$5,994,843$2,429,780$1,800,604$4,989,568
57$6,517,250$2,459,772$1,771,858$5,349,559
58$7,090,137$2,488,429$1,739,343$5,742,794
59$7,718,565$2,515,596$1,702,845$6,172,610
60$8,408,107$2,541,108$1,662,138$6,642,681
61$9,164,903$2,564,792$1,616,990$7,157,062
62$9,995,717$2,586,460$1,567,152$7,720,217
63$10,907,997$2,605,914$1,512,369$8,337,070
64$11,909,950$2,622,941$1,452,371$9,013,049
65$13,010,617$2,637,317$1,386,877$9,754,135
66$14,219,956$2,648,802$1,315,593$10,566,921
67$15,548,938$2,657,140$1,238,213$11,458,676
68$17,009,652$2,662,062$1,154,414$12,437,411
69$18,615,411$2,663,278$1,063,862$13,511,958
70$20,380,888$2,660,483$966,206$14,692,051
71$22,322,244$2,653,352$861,080$15,988,420
72$24,457,287$2,641,541$748,101$17,412,893
73$26,805,638$2,624,684$626,869$18,978,507
74$29,388,912$2,602,392$496,968$20,699,634
75$32,230,927$2,574,255$357,962$22,592,115
76$35,357,924$2,539,836$209,397$24,673,412
77$38,798,817$2,498,673$50,796$26,962,772
78$42,585,464$2,450,276$0$29,481,410
79$46,752,968$2,394,126$0$32,260,296
80$51,340,007$2,329,675$0$35,321,586
81$56,389,198$2,256,339$0$38,690,472
82$61,947,501$2,173,504$0$42,398,308
83$68,066,659$2,080,519$0$46,479,651
84$74,803,687$1,976,693$0$50,972,590
85$82,221,410$1,861,298$0$55,919,105
86$90,389,055$1,733,563$0$61,365,464
87$99,382,903$1,592,672$0$67,362,663
88$109,287,010$1,437,763$0$73,966,908
89$120,193,997$1,267,927$0$81,240,146
90$132,205,929$1,082,199$0$89,250,652
91$145,435,270$879,563$0$98,073,677
92$160,005,950$658,944$0$107,792,156
93$176,054,533$419,208$0$118,497,498
94$193,731,502$159,156$0$130,290,446
95$213,202,684$0$0$143,282,033
96$234,650,809$0$0$157,639,108
97$258,277,238$0$0$173,518,184
98$284,303,863$0$0$191,010,622
99$312,975,197$0$0$210,280,787
100$344,560,686$0$0$231,509,801