Can I retire at age 42 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$156,074$154,684$153,328$152,004$150,711$148,337
2 years$77,265$75,826$74,431$73,079$71,767$69,381
3 years$50,998$49,553$48,162$46,822$45,532$43,208
4 years$37,867$36,427$35,049$33,733$32,474$30,231
5 years$29,991$28,559$27,200$25,910$24,686$22,530
6 years$24,742$23,320$21,981$20,720$19,533$17,467
7 years$20,994$19,585$18,267$17,035$15,886$13,909
8 years$18,184$16,788$15,492$14,291$13,179$11,292
9 years$16,000$14,617$13,343$12,172$11,098$9,301
10 years$14,254$12,884$11,633$10,493$9,456$7,746
11 years$12,826$11,470$10,241$9,132$8,133$6,508
12 years$11,637$10,295$9,089$8,010$7,048$5,507
13 years$10,632$9,303$8,120$7,071$6,146$4,686
14 years$9,771$8,456$7,296$6,277$5,387$4,007
15 years$9,025$7,725$6,587$5,598$4,743$3,439
16 years$8,373$7,088$5,972$5,013$4,192$2,962
17 years$7,799$6,527$5,435$4,504$3,717$2,558
18 years$7,289$6,032$4,961$4,059$3,305$2,214
19 years$6,833$5,590$4,542$3,667$2,946$1,920
20 years$6,424$5,195$4,168$3,322$2,631$1,668
21 years$6,053$4,839$3,834$3,015$2,355$1,452
22 years$5,717$4,517$3,534$2,741$2,111$1,265
23 years$5,411$4,224$3,263$2,496$1,895$1,103
24 years$5,130$3,958$3,017$2,277$1,703$963
25 years$4,873$3,714$2,795$2,079$1,532$842
26 years$4,635$3,491$2,592$1,901$1,380$736
27 years$4,416$3,285$2,407$1,740$1,245$644
28 years$4,212$3,096$2,237$1,594$1,123$564
29 years$4,023$2,920$2,082$1,462$1,014$494
30 years$3,847$2,758$1,939$1,342$916$432
31 years$3,683$2,607$1,808$1,232$828$379
32 years$3,529$2,467$1,687$1,133$749$332
33 years$3,385$2,336$1,575$1,041$678$291
34 years$3,249$2,214$1,472$958$614$256
35 years$3,122$2,100$1,376$882$556$224
36 years$3,002$1,993$1,287$812$504$197
37 years$2,888$1,893$1,205$749$457$173
38 years$2,781$1,799$1,128$690$414$152
39 years$2,680$1,711$1,057$636$375$133
40 years$2,584$1,628$991$587$341$117
41 years$2,493$1,550$929$541$309$103
42 years$2,406$1,476$871$500$280$90
43 years$2,324$1,406$818$461$254$79
44 years$2,246$1,340$768$426$231$70
45 years$2,171$1,278$721$393$210$61
46 years$2,100$1,219$677$363$190$54
47 years$2,032$1,164$636$336$173$47
48 years$1,967$1,111$598$310$157$41
49 years$1,905$1,061$562$287$143$36
50 years$1,845$1,013$528$265$129$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,890,000, adding $5,499 every year, while hoping to spend $31,677 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: 49/32/19 Blend
41$1,890,000$1,890,000$1,890,000$1,890,000
42$2,088,452$1,988,282$1,958,987$2,179,417
43$2,267,770$2,052,004$1,990,909$2,306,740
44$2,464,317$2,117,786$2,022,839$2,441,299
45$2,679,817$2,185,697$2,054,743$2,586,805
46$2,916,167$2,255,806$2,086,587$2,744,298
47$3,175,461$2,328,184$2,118,331$2,914,925
48$3,460,000$2,402,908$2,149,938$3,099,946
49$3,772,323$2,480,053$2,181,364$3,300,750
50$4,115,223$2,559,699$2,212,563$3,518,864
51$4,491,781$2,641,929$2,243,489$3,755,969
52$4,905,387$2,726,828$2,274,090$4,013,913
53$5,359,777$2,814,483$2,304,312$4,294,734
54$5,859,067$2,904,986$2,334,099$4,600,674
55$6,407,791$2,998,429$2,363,391$4,934,201
56$7,010,945$3,094,912$2,392,124$5,298,032
57$7,674,031$3,194,533$2,420,230$5,695,160
58$8,403,114$3,297,396$2,447,639$6,128,880
59$9,204,872$3,403,609$2,474,276$6,602,819
60$10,086,666$3,513,283$2,500,061$7,120,974
61$11,056,604$3,626,532$2,524,911$7,687,746
62$12,123,621$3,743,475$2,548,739$8,307,981
63$13,297,559$3,864,234$2,571,450$8,987,019
64$14,589,265$3,988,936$2,592,949$9,730,738
65$16,010,688$4,117,713$2,613,131$10,545,615
66$17,574,996$4,250,698$2,631,889$11,438,786
67$19,296,697$4,388,034$2,649,109$12,418,108
68$21,191,777$4,529,864$2,664,670$13,492,240
69$23,277,849$4,676,339$2,678,448$14,670,717
70$25,574,323$4,827,613$2,690,309$15,964,047
71$28,102,585$4,983,846$2,700,115$17,383,804
72$30,886,199$5,145,205$2,707,719$18,942,741
73$33,951,132$5,311,861$2,712,968$20,654,905
74$37,325,996$5,483,991$2,715,702$22,535,775
75$41,042,320$5,661,778$2,715,750$24,602,405
76$45,134,844$5,845,413$2,712,935$26,873,582
77$49,641,851$6,035,091$2,707,071$29,370,009
78$54,605,526$6,231,017$2,697,964$32,114,493
79$60,072,352$6,433,399$2,685,408$35,132,166
80$66,093,551$6,642,455$2,669,189$38,450,718
81$72,725,568$6,858,410$2,649,082$42,100,659
82$80,030,601$7,081,497$2,624,851$46,115,607
83$88,077,189$7,311,957$2,596,250$50,532,604
84$96,940,858$7,550,038$2,563,019$55,392,466
85$106,704,834$7,795,999$2,524,889$60,740,168
86$117,460,830$8,050,106$2,481,577$66,625,265
87$129,309,910$8,312,636$2,432,784$73,102,366
88$142,363,439$8,583,874$2,378,201$80,231,641
89$156,744,142$8,864,116$2,317,503$88,079,395
90$172,587,256$9,153,668$2,250,350$96,718,688
91$190,041,806$9,452,848$2,176,387$106,230,029
92$209,272,015$9,761,983$2,095,241$116,702,133
93$230,458,853$10,081,412$2,006,524$128,232,756
94$253,801,743$10,411,489$1,909,830$140,929,623
95$279,520,445$10,752,575$1,804,733$154,911,438
96$307,857,128$11,105,049$1,690,789$170,309,008
97$339,078,659$11,469,301$1,567,535$187,266,475
98$373,479,120$11,845,734$1,434,485$205,942,679
99$411,382,582$12,234,767$1,291,132$226,512,653
100$453,146,169$12,636,834$1,136,948$249,169,278