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%16.2%
1 years$151,945$150,592$149,272$147,983$146,724$143,003
2 years$75,221$73,820$72,462$71,146$69,869$66,144
3 years$49,649$48,242$46,888$45,584$44,328$40,716
4 years$36,866$35,463$34,122$32,840$31,615$28,143
5 years$29,198$27,803$26,480$25,225$24,033$20,712
6 years$24,087$22,704$21,400$20,172$19,017$15,849
7 years$20,438$19,066$17,783$16,585$15,466$12,452
8 years$17,703$16,343$15,082$13,913$12,830$9,969
9 years$15,577$14,230$12,990$11,850$10,805$8,093
10 years$13,877$12,543$11,325$10,215$9,206$6,642
11 years$12,487$11,166$9,970$8,890$7,918$5,496
12 years$11,329$10,022$8,848$7,798$6,861$4,578
13 years$10,350$9,057$7,905$6,884$5,983$3,834
14 years$9,512$8,233$7,103$6,111$5,245$3,225
15 years$8,786$7,521$6,413$5,450$4,618$2,723
16 years$8,152$6,900$5,814$4,880$4,081$2,305
17 years$7,593$6,355$5,291$4,385$3,619$1,957
18 years$7,096$5,872$4,830$3,951$3,218$1,665
19 years$6,652$5,442$4,422$3,570$2,868$1,418
20 years$6,254$5,057$4,058$3,234$2,562$1,210
21 years$5,893$4,711$3,732$2,935$2,292$1,034
22 years$5,566$4,397$3,440$2,668$2,055$884
23 years$5,268$4,113$3,176$2,430$1,845$757
24 years$4,995$3,853$2,938$2,216$1,658$648
25 years$4,744$3,616$2,721$2,024$1,492$556
26 years$4,513$3,398$2,523$1,851$1,344$477
27 years$4,299$3,198$2,343$1,694$1,212$409
28 years$4,101$3,014$2,178$1,552$1,093$351
29 years$3,917$2,843$2,027$1,423$987$302
30 years$3,745$2,685$1,888$1,306$892$259
31 years$3,585$2,538$1,760$1,200$806$223
32 years$3,436$2,402$1,642$1,103$729$191
33 years$3,295$2,274$1,533$1,014$660$164
34 years$3,163$2,156$1,433$933$598$141
35 years$3,039$2,045$1,340$859$541$122
36 years$2,922$1,941$1,253$791$491$105
37 years$2,812$1,843$1,173$729$445$90
38 years$2,708$1,752$1,098$672$403$77
39 years$2,609$1,666$1,029$619$365$67
40 years$2,516$1,585$965$571$332$57
41 years$2,427$1,509$904$527$301$49
42 years$2,343$1,437$848$486$273$42
43 years$2,262$1,369$796$449$248$36
44 years$2,186$1,305$747$415$225$31
45 years$2,114$1,244$702$383$204$27
46 years$2,044$1,187$659$354$185$23
47 years$1,978$1,133$619$327$168$20
48 years$1,915$1,081$582$302$153$17
49 years$1,854$1,033$547$279$139$15
50 years$1,796$986$514$258$126$13

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 $5,854 every year, while hoping to spend $53,503 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: 34/47/19 Blend
41$1,840,000$1,840,000$1,840,000$1,840,000
42$2,033,718$1,936,198$1,907,678$2,090,812
43$2,184,231$1,974,145$1,914,659$2,171,320
44$2,348,302$2,012,158$1,920,080$2,252,715
45$2,527,260$2,050,185$1,923,833$2,339,371
46$2,722,563$2,088,166$1,925,804$2,431,782
47$2,935,818$2,126,041$1,925,873$2,530,498
48$3,168,796$2,163,741$1,923,914$2,636,122
49$3,423,444$2,201,195$1,919,795$2,749,325
50$3,701,905$2,238,323$1,913,379$2,870,843
51$4,006,542$2,275,044$1,904,519$3,001,492
52$4,339,954$2,311,265$1,893,065$3,142,171
53$4,705,003$2,346,891$1,878,856$3,293,873
54$5,104,841$2,381,817$1,861,726$3,457,698
55$5,542,941$2,415,932$1,841,500$3,634,855
56$6,023,126$2,449,117$1,817,995$3,826,683
57$6,549,606$2,481,245$1,791,019$4,034,659
58$7,127,018$2,512,179$1,760,371$4,260,414
59$7,760,471$2,541,773$1,725,840$4,505,749
60$8,455,591$2,569,871$1,687,208$4,772,653
61$9,218,575$2,596,309$1,644,243$5,063,320
62$10,056,250$2,620,908$1,596,705$5,380,174
63$10,976,135$2,643,480$1,544,342$5,725,890
64$11,986,514$2,663,824$1,486,891$6,103,421
65$13,096,512$2,681,725$1,424,076$6,516,027
66$14,316,182$2,696,955$1,355,608$6,967,305
67$15,656,599$2,709,273$1,281,188$7,461,226
68$17,129,964$2,718,419$1,200,499$8,002,173
69$18,749,718$2,724,119$1,113,214$8,594,983
70$20,530,671$2,726,083$1,018,988$9,244,993
71$22,489,139$2,724,000$917,463$9,958,094
72$24,643,097$2,717,542$808,264$10,740,786
73$27,012,350$2,706,359$690,999$11,600,240
74$29,618,721$2,690,081$565,258$12,544,370
75$32,486,251$2,668,316$430,615$13,581,907
76$35,641,432$2,640,647$286,624$14,722,483
77$39,113,451$2,606,632$132,819$15,976,727
78$42,934,469$2,565,802$0$17,356,361
79$47,139,921$2,517,663$0$18,880,669
80$51,768,852$2,461,688$0$20,586,715
81$56,864,286$2,397,321$0$22,463,390
82$62,473,626$2,323,973$0$24,528,164
83$68,649,108$2,241,020$0$26,800,300
84$75,448,290$2,147,803$0$29,301,038
85$82,934,592$2,043,622$0$32,053,795
86$91,177,901$1,927,740$0$35,084,392
87$100,255,223$1,799,374$0$38,421,295
88$110,251,412$1,657,700$0$42,095,889
89$121,259,972$1,501,844$0$46,142,777
90$133,383,938$1,330,883$0$50,600,107
91$146,736,845$1,143,841$0$55,509,938
92$161,443,802$939,688$0$60,918,636
93$177,642,672$717,336$0$66,877,318
94$195,485,373$475,633$0$73,442,336
95$215,139,308$213,367$0$80,675,814
96$236,788,949$0$0$88,646,235
97$260,637,575$0$0$97,465,685
98$286,909,189$0$0$107,303,148
99$315,850,636$0$0$118,140,756
100$347,733,926$0$0$130,080,419