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%11.9%
1 years$155,249$153,866$152,517$151,200$149,914$148,720
2 years$76,856$75,424$74,037$72,692$71,388$70,184
3 years$50,728$49,291$47,907$46,575$45,291$44,115
4 years$37,667$36,234$34,864$33,554$32,302$31,163
5 years$29,832$28,408$27,056$25,773$24,556$23,457
6 years$24,611$23,197$21,865$20,611$19,430$18,372
7 years$20,883$19,481$18,170$16,945$15,802$14,786
8 years$18,088$16,699$15,410$14,215$13,109$12,136
9 years$15,915$14,539$13,272$12,108$11,040$10,108
10 years$14,178$12,816$11,571$10,437$9,406$8,516
11 years$12,758$11,409$10,187$9,084$8,090$7,240
12 years$11,575$10,240$9,041$7,967$7,010$6,200
13 years$10,575$9,254$8,077$7,034$6,113$5,342
14 years$9,719$8,412$7,257$6,244$5,359$4,625
15 years$8,977$7,684$6,553$5,569$4,718$4,022
16 years$8,329$7,050$5,941$4,986$4,170$3,509
17 years$7,758$6,493$5,406$4,480$3,697$3,071
18 years$7,250$6,000$4,935$4,037$3,288$2,695
19 years$6,797$5,560$4,518$3,648$2,930$2,370
20 years$6,390$5,167$4,146$3,304$2,617$2,088
21 years$6,021$4,813$3,814$2,999$2,342$1,843
22 years$5,687$4,493$3,515$2,726$2,100$1,629
23 years$5,382$4,202$3,245$2,483$1,885$1,442
24 years$5,103$3,937$3,001$2,265$1,694$1,277
25 years$4,847$3,695$2,780$2,068$1,524$1,133
26 years$4,611$3,472$2,578$1,891$1,373$1,005
27 years$4,392$3,268$2,394$1,731$1,238$893
28 years$4,190$3,079$2,226$1,586$1,117$794
29 years$4,002$2,905$2,071$1,454$1,009$706
30 years$3,827$2,743$1,929$1,335$911$628
31 years$3,663$2,593$1,799$1,226$824$559
32 years$3,510$2,454$1,678$1,127$745$498
33 years$3,367$2,324$1,567$1,036$675$444
34 years$3,232$2,203$1,464$953$611$396
35 years$3,105$2,089$1,369$877$553$353
36 years$2,986$1,983$1,280$808$501$315
37 years$2,873$1,883$1,198$745$454$281
38 years$2,767$1,790$1,122$686$412$250
39 years$2,666$1,702$1,051$633$373$223
40 years$2,570$1,619$985$584$339$199
41 years$2,480$1,541$924$538$307$178
42 years$2,394$1,468$867$497$279$159
43 years$2,312$1,399$813$459$253$142
44 years$2,234$1,333$764$424$230$127
45 years$2,159$1,271$717$391$209$113
46 years$2,089$1,213$673$361$189$101
47 years$2,021$1,157$633$334$172$90
48 years$1,956$1,105$594$308$156$81
49 years$1,895$1,055$559$285$142$72
50 years$1,836$1,008$525$264$129$64

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 $5,154 every year, while hoping to spend $32,419 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: 55/26/19 Blend
41$1,880,000$1,880,000$1,880,000$1,880,000
42$2,077,076$1,977,436$1,948,296$2,180,419
43$2,254,445$2,039,837$1,979,071$2,313,978
44$2,448,818$2,104,209$2,009,789$2,455,459
45$2,661,896$2,170,614$2,040,417$2,608,815
46$2,895,553$2,239,118$2,070,914$2,775,193
47$3,151,850$2,309,785$2,101,240$2,955,853
48$3,433,059$2,382,685$2,131,352$3,152,183
49$3,741,683$2,457,888$2,161,204$3,365,708
50$4,080,477$2,535,467$2,190,747$3,598,110
51$4,452,479$2,615,498$2,219,930$3,851,239
52$4,861,032$2,698,058$2,248,698$4,127,135
53$5,309,821$2,783,227$2,276,993$4,428,039
54$5,802,905$2,871,087$2,304,755$4,756,423
55$6,344,756$2,961,725$2,331,918$5,115,008
56$6,940,298$3,055,227$2,358,415$5,506,790
57$7,594,960$3,151,685$2,384,173$5,935,069
58$8,314,720$3,251,191$2,409,117$6,403,479
59$9,106,166$3,353,844$2,433,167$6,916,024
60$9,976,554$3,459,741$2,456,237$7,477,113
61$10,933,881$3,568,987$2,478,240$8,091,604
62$11,986,957$3,681,687$2,499,080$8,764,846
63$13,145,487$3,797,951$2,518,661$9,502,733
64$14,420,167$3,917,891$2,536,876$10,311,758
65$15,822,781$4,041,624$2,553,618$11,199,074
66$17,366,311$4,169,270$2,568,771$12,172,559
67$19,065,065$4,300,954$2,582,214$13,240,895
68$20,934,804$4,436,803$2,593,821$14,413,646
69$22,992,896$4,576,949$2,603,457$15,701,350
70$25,258,481$4,721,529$2,610,982$17,115,614
71$27,752,645$4,870,683$2,616,249$18,669,230
72$30,498,625$5,024,557$2,619,103$20,376,291
73$33,522,024$5,183,299$2,619,382$22,252,324
74$36,851,054$5,347,064$2,616,915$24,314,437
75$40,516,803$5,516,012$2,611,524$26,581,482
76$44,553,528$5,690,308$2,603,020$29,074,229
77$48,998,975$5,870,120$2,591,209$31,815,564
78$53,894,739$6,055,624$2,575,882$34,830,706
79$59,286,653$6,247,000$2,556,825$38,147,441
80$65,225,224$6,444,436$2,533,812$41,796,388
81$71,766,106$6,648,123$2,506,604$45,811,285
82$78,970,628$6,858,259$2,474,954$50,229,309
83$86,906,368$7,075,051$2,438,601$55,091,424
84$95,647,798$7,298,708$2,397,274$60,442,772
85$105,276,978$7,529,449$2,350,687$66,333,094
86$115,884,337$7,767,500$2,298,543$72,817,202
87$127,569,524$8,013,091$2,240,528$79,955,494
88$140,442,346$8,266,464$2,176,317$87,814,528
89$154,623,810$8,527,865$2,105,568$96,467,645
90$170,247,258$8,797,550$2,027,924$105,995,664
91$187,459,630$9,075,781$1,943,011$116,487,644
92$206,422,849$9,362,831$1,850,438$128,041,725
93$227,315,349$9,658,980$1,749,798$140,766,053
94$250,333,763$9,964,518$1,640,664$154,779,801
95$275,694,770$10,279,743$1,522,590$170,214,293
96$303,637,149$10,604,963$1,395,109$187,214,247
97$334,424,028$10,940,496$1,257,736$205,939,136
98$368,345,370$11,286,671$1,109,961$226,564,695
99$405,720,707$11,643,827$951,253$249,284,582
100$446,902,157$12,012,313$781,058$274,312,204