Can I retire at age 42 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$155,249$153,866$152,517$151,200$149,914$144,194
2 years$76,856$75,424$74,037$72,692$71,388$65,692
3 years$50,728$49,291$47,907$46,575$45,291$39,799
4 years$37,667$36,234$34,864$33,554$32,302$27,056
5 years$29,832$28,408$27,056$25,773$24,556$19,568
6 years$24,611$23,197$21,865$20,611$19,430$14,705
7 years$20,883$19,481$18,170$16,945$15,802$11,338
8 years$18,088$16,699$15,410$14,215$13,109$8,902
9 years$15,915$14,539$13,272$12,108$11,040$7,083
10 years$14,178$12,816$11,571$10,437$9,406$5,694
11 years$12,758$11,409$10,187$9,084$8,090$4,612
12 years$11,575$10,240$9,041$7,967$7,010$3,759
13 years$10,575$9,254$8,077$7,034$6,113$3,078
14 years$9,719$8,412$7,257$6,244$5,359$2,531
15 years$8,977$7,684$6,553$5,569$4,718$2,087
16 years$8,329$7,050$5,941$4,986$4,170$1,726
17 years$7,758$6,493$5,406$4,480$3,697$1,430
18 years$7,250$6,000$4,935$4,037$3,288$1,187
19 years$6,797$5,560$4,518$3,648$2,930$986
20 years$6,390$5,167$4,146$3,304$2,617$821
21 years$6,021$4,813$3,814$2,999$2,342$683
22 years$5,687$4,493$3,515$2,726$2,100$570
23 years$5,382$4,202$3,245$2,483$1,885$475
24 years$5,103$3,937$3,001$2,265$1,694$396
25 years$4,847$3,695$2,780$2,068$1,524$331
26 years$4,611$3,472$2,578$1,891$1,373$276
27 years$4,392$3,268$2,394$1,731$1,238$231
28 years$4,190$3,079$2,226$1,586$1,117$193
29 years$4,002$2,905$2,071$1,454$1,009$161
30 years$3,827$2,743$1,929$1,335$911$135
31 years$3,663$2,593$1,799$1,226$824$113
32 years$3,510$2,454$1,678$1,127$745$94
33 years$3,367$2,324$1,567$1,036$675$79
34 years$3,232$2,203$1,464$953$611$66
35 years$3,105$2,089$1,369$877$553$55
36 years$2,986$1,983$1,280$808$501$46
37 years$2,873$1,883$1,198$745$454$39
38 years$2,767$1,790$1,122$686$412$32
39 years$2,666$1,702$1,051$633$373$27
40 years$2,570$1,619$985$584$339$23
41 years$2,480$1,541$924$538$307$19
42 years$2,394$1,468$867$497$279$16
43 years$2,312$1,399$813$459$253$13
44 years$2,234$1,333$764$424$230$11
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$5
50 years$1,836$1,008$525$264$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,880,000, adding $5,599 every year, while hoping to spend $21,801 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: 37/47/16 Blend
41$1,880,000$1,880,000$1,880,000$1,880,000
42$2,077,535$1,977,895$1,948,755$2,144,120
43$2,266,248$2,051,616$1,990,843$2,266,288
44$2,473,478$2,128,219$2,033,609$2,395,672
45$2,701,093$2,207,821$2,077,054$2,534,959
46$2,951,146$2,290,546$2,121,178$2,685,050
47$3,225,903$2,376,523$2,165,978$2,846,930
48$3,527,859$2,465,886$2,211,451$3,021,681
49$3,859,760$2,558,774$2,257,594$3,210,494
50$4,224,635$2,655,333$2,304,403$3,414,674
51$4,625,820$2,755,717$2,351,872$3,635,654
52$5,066,988$2,860,082$2,399,996$3,875,011
53$5,552,191$2,968,595$2,448,765$4,134,476
54$6,085,887$3,081,430$2,498,171$4,415,952
55$6,672,993$3,198,765$2,548,206$4,721,530
56$7,318,923$3,320,790$2,598,856$5,053,509
57$8,029,645$3,447,700$2,650,109$5,414,417
58$8,811,733$3,579,701$2,701,951$5,807,033
59$9,672,430$3,717,007$2,754,367$6,234,414
60$10,619,718$3,859,840$2,807,338$6,699,921
61$11,662,391$4,008,434$2,860,846$7,207,252
62$12,810,140$4,163,033$2,914,870$7,760,475
63$14,073,642$4,323,889$2,969,386$8,364,064
64$15,464,663$4,491,269$3,024,370$9,022,944
65$16,996,167$4,665,449$3,079,794$9,742,533
66$18,682,438$4,846,719$3,135,629$10,528,793
67$20,539,218$5,035,379$3,191,844$11,388,286
68$22,583,851$5,231,746$3,248,404$12,328,234
69$24,835,451$5,436,148$3,305,272$13,356,586
70$27,315,077$5,648,929$3,362,408$14,482,092
71$30,045,936$5,870,448$3,419,771$15,714,386
72$33,053,602$6,101,081$3,477,314$17,064,071
73$36,366,254$6,341,218$3,534,988$18,542,822
74$40,014,944$6,591,270$3,592,742$20,163,495
75$44,033,889$6,851,663$3,650,520$21,940,242
76$48,460,795$7,122,844$3,708,262$23,888,647
77$53,337,213$7,405,279$3,765,905$26,025,873
78$58,708,927$7,699,457$3,823,381$28,370,817
79$64,626,393$8,005,885$3,880,620$30,944,291
80$71,145,209$8,325,097$3,937,544$33,769,215
81$78,326,642$8,657,649$3,994,074$36,870,830
82$86,238,207$9,004,121$4,050,123$40,276,938
83$94,954,302$9,365,121$4,105,600$44,018,159
84$104,556,912$9,741,284$4,160,410$48,128,217
85$115,136,383$10,133,273$4,214,449$52,644,261
86$126,792,272$10,541,781$4,267,611$57,607,209
87$139,634,289$10,967,534$4,319,781$63,062,132
88$153,783,332$11,411,288$4,370,839$69,058,678
89$169,372,627$11,873,836$4,420,657$75,651,541
90$186,548,987$12,356,006$4,469,101$82,900,966
91$205,474,197$12,858,663$4,516,029$90,873,324
92$226,326,540$13,382,713$4,561,291$99,641,729
93$249,302,482$13,929,101$4,604,730$109,286,729
94$274,618,526$14,498,818$4,646,179$119,897,062
95$302,513,253$15,092,897$4,685,463$131,570,488
96$333,249,576$15,712,420$4,722,398$144,414,710
97$367,117,223$16,358,520$4,756,788$158,548,388
98$404,435,471$17,032,378$4,788,432$174,102,253
99$445,556,157$17,735,232$4,817,112$191,220,338
100$490,867,003$18,468,377$4,842,603$210,061,334