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

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$151,945$150,592$149,272$147,983$146,724$144,353
2 years$75,221$73,820$72,462$71,146$69,869$67,486
3 years$49,649$48,242$46,888$45,584$44,328$42,008
4 years$36,866$35,463$34,122$32,840$31,615$29,376
5 years$29,198$27,803$26,480$25,225$24,033$21,882
6 years$24,087$22,704$21,400$20,172$19,017$16,955
7 years$20,438$19,066$17,783$16,585$15,466$13,494
8 years$17,703$16,343$15,082$13,913$12,830$10,949
9 years$15,577$14,230$12,990$11,850$10,805$9,012
10 years$13,877$12,543$11,325$10,215$9,206$7,501
11 years$12,487$11,166$9,970$8,890$7,918$6,299
12 years$11,329$10,022$8,848$7,798$6,861$5,326
13 years$10,350$9,057$7,905$6,884$5,983$4,529
14 years$9,512$8,233$7,103$6,111$5,245$3,870
15 years$8,786$7,521$6,413$5,450$4,618$3,320
16 years$8,152$6,900$5,814$4,880$4,081$2,857
17 years$7,593$6,355$5,291$4,385$3,619$2,465
18 years$7,096$5,872$4,830$3,951$3,218$2,132
19 years$6,652$5,442$4,422$3,570$2,868$1,848
20 years$6,254$5,057$4,058$3,234$2,562$1,605
21 years$5,893$4,711$3,732$2,935$2,292$1,395
22 years$5,566$4,397$3,440$2,668$2,055$1,215
23 years$5,268$4,113$3,176$2,430$1,845$1,059
24 years$4,995$3,853$2,938$2,216$1,658$923
25 years$4,744$3,616$2,721$2,024$1,492$806
26 years$4,513$3,398$2,523$1,851$1,344$704
27 years$4,299$3,198$2,343$1,694$1,212$616
28 years$4,101$3,014$2,178$1,552$1,093$539
29 years$3,917$2,843$2,027$1,423$987$471
30 years$3,745$2,685$1,888$1,306$892$413
31 years$3,585$2,538$1,760$1,200$806$361
32 years$3,436$2,402$1,642$1,103$729$317
33 years$3,295$2,274$1,533$1,014$660$277
34 years$3,163$2,156$1,433$933$598$243
35 years$3,039$2,045$1,340$859$541$213
36 years$2,922$1,941$1,253$791$491$187
37 years$2,812$1,843$1,173$729$445$164
38 years$2,708$1,752$1,098$672$403$144
39 years$2,609$1,666$1,029$619$365$126
40 years$2,516$1,585$965$571$332$111
41 years$2,427$1,509$904$527$301$97
42 years$2,343$1,437$848$486$273$85
43 years$2,262$1,369$796$449$248$75
44 years$2,186$1,305$747$415$225$66
45 years$2,114$1,244$702$383$204$58
46 years$2,044$1,187$659$354$185$51
47 years$1,978$1,133$619$327$168$44
48 years$1,915$1,081$582$302$153$39
49 years$1,854$1,033$547$279$139$34
50 years$1,796$986$514$258$126$30

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 $6,305 every year, while hoping to spend $55,977 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: 75/5/20 Blend
41$1,840,000$1,840,000$1,840,000$1,840,000
42$2,034,184$1,936,664$1,908,144$2,176,687
43$2,182,111$1,972,001$1,912,507$2,307,363
44$2,343,251$2,007,194$1,915,141$2,443,096
45$2,518,893$2,042,176$1,915,928$2,590,427
46$2,710,453$2,076,876$1,914,745$2,750,498
47$2,919,494$2,111,217$1,911,463$2,924,569
48$3,147,732$2,145,117$1,905,948$3,114,029
49$3,397,061$2,178,488$1,898,057$3,320,405
50$3,669,561$2,211,234$1,887,641$3,545,385
51$3,967,525$2,243,253$1,874,546$3,790,824
52$4,293,477$2,274,437$1,858,608$4,058,771
53$4,650,196$2,304,668$1,839,655$4,351,480
54$5,040,742$2,333,823$1,817,510$4,671,436
55$5,468,484$2,361,767$1,791,983$5,021,381
56$5,937,135$2,388,359$1,762,880$5,404,333
57$6,450,780$2,413,446$1,729,994$5,823,619
58$7,013,920$2,436,866$1,693,110$6,282,907
59$7,631,514$2,458,446$1,652,002$6,786,239
60$8,309,020$2,478,002$1,606,437$7,338,070
61$9,052,454$2,495,337$1,556,166$7,943,308
62$9,868,439$2,510,244$1,500,932$8,607,366
63$10,764,273$2,522,498$1,440,466$9,336,206
64$11,747,993$2,531,865$1,374,486$10,136,403
65$12,828,454$2,538,092$1,302,697$11,015,200
66$14,015,410$2,540,913$1,224,792$11,980,582
67$15,319,608$2,540,043$1,140,448$13,041,350
68$16,752,884$2,535,181$1,049,329$14,207,201
69$18,328,280$2,526,007$951,083$15,488,827
70$20,060,165$2,512,182$845,345$16,898,009
71$21,964,368$2,493,345$731,730$18,447,731
72$24,058,328$2,469,114$609,838$20,152,307
73$26,361,261$2,439,084$479,251$22,027,508
74$28,894,336$2,402,825$339,532$24,090,720
75$31,680,878$2,359,883$190,226$26,361,103
76$34,746,585$2,309,775$30,856$28,859,774
77$38,119,774$2,251,991$0$31,610,007
78$41,831,642$2,185,991$0$34,667,161
79$45,916,567$2,111,201$0$38,038,756
80$50,412,423$2,027,016$0$41,749,472
81$55,360,947$1,932,797$0$45,833,769
82$60,808,123$1,827,863$0$50,329,619
83$66,804,623$1,711,500$0$55,278,861
84$73,406,279$1,582,948$0$60,727,602
85$80,674,612$1,441,405$0$66,726,646
86$88,677,414$1,286,025$0$73,331,976
87$97,489,382$1,115,913$0$80,605,284
88$107,192,828$930,121$0$88,614,548
89$117,878,450$727,651$0$97,434,678
90$129,646,192$507,446$0$107,148,222
91$142,606,185$268,391$0$117,846,141
92$156,879,783$9,310$0$129,628,675
93$172,600,712$0$0$142,606,281
94$189,916,331$0$0$156,915,593
95$208,989,019$0$0$172,677,587
96$229,997,710$0$0$190,039,637
97$253,139,580$0$0$209,164,707
98$278,631,906$0$0$230,232,378
99$306,714,120$0$0$253,440,536
100$337,650,066$0$0$279,007,246