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

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$156,074$154,684$153,328$152,004$150,711$148,582
2 years$77,265$75,826$74,431$73,079$71,767$69,626
3 years$50,998$49,553$48,162$46,822$45,532$43,446
4 years$37,867$36,427$35,049$33,733$32,474$30,458
5 years$29,991$28,559$27,200$25,910$24,686$22,747
6 years$24,742$23,320$21,981$20,720$19,533$17,673
7 years$20,994$19,585$18,267$17,035$15,886$14,105
8 years$18,184$16,788$15,492$14,291$13,179$11,478
9 years$16,000$14,617$13,343$12,172$11,098$9,476
10 years$14,254$12,884$11,633$10,493$9,456$7,911
11 years$12,826$11,470$10,241$9,132$8,133$6,664
12 years$11,637$10,295$9,089$8,010$7,048$5,653
13 years$10,632$9,303$8,120$7,071$6,146$4,823
14 years$9,771$8,456$7,296$6,277$5,387$4,135
15 years$9,025$7,725$6,587$5,598$4,743$3,559
16 years$8,373$7,088$5,972$5,013$4,192$3,073
17 years$7,799$6,527$5,435$4,504$3,717$2,662
18 years$7,289$6,032$4,961$4,059$3,305$2,311
19 years$6,833$5,590$4,542$3,667$2,946$2,010
20 years$6,424$5,195$4,168$3,322$2,631$1,752
21 years$6,053$4,839$3,834$3,015$2,355$1,529
22 years$5,717$4,517$3,534$2,741$2,111$1,336
23 years$5,411$4,224$3,263$2,496$1,895$1,169
24 years$5,130$3,958$3,017$2,277$1,703$1,024
25 years$4,873$3,714$2,795$2,079$1,532$897
26 years$4,635$3,491$2,592$1,901$1,380$787
27 years$4,416$3,285$2,407$1,740$1,245$691
28 years$4,212$3,096$2,237$1,594$1,123$607
29 years$4,023$2,920$2,082$1,462$1,014$533
30 years$3,847$2,758$1,939$1,342$916$469
31 years$3,683$2,607$1,808$1,232$828$412
32 years$3,529$2,467$1,687$1,133$749$362
33 years$3,385$2,336$1,575$1,041$678$319
34 years$3,249$2,214$1,472$958$614$281
35 years$3,122$2,100$1,376$882$556$247
36 years$3,002$1,993$1,287$812$504$218
37 years$2,888$1,893$1,205$749$457$192
38 years$2,781$1,799$1,128$690$414$169
39 years$2,680$1,711$1,057$636$375$149
40 years$2,584$1,628$991$587$341$131
41 years$2,493$1,550$929$541$309$115
42 years$2,406$1,476$871$500$280$102
43 years$2,324$1,406$818$461$254$90
44 years$2,246$1,340$768$426$231$79
45 years$2,171$1,278$721$393$210$70
46 years$2,100$1,219$677$363$190$61
47 years$2,032$1,164$636$336$173$54
48 years$1,967$1,111$598$310$157$48
49 years$1,905$1,061$562$287$143$42
50 years$1,845$1,013$528$265$129$37

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 $6,328 every year, while hoping to spend $56,566 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: 56/31/13 Blend
41$1,890,000$1,890,000$1,890,000$1,890,000
42$2,089,307$1,989,137$1,959,842$2,199,015
43$2,242,231$2,026,419$1,965,311$2,311,360
44$2,408,857$2,063,632$1,969,068$2,426,940
45$2,590,523$2,100,713$1,970,994$2,551,517
46$2,788,702$2,137,594$1,970,968$2,685,961
47$3,005,014$2,174,200$1,968,860$2,831,233
48$3,241,245$2,210,455$1,964,536$2,988,388
49$3,499,356$2,246,272$1,957,853$3,158,593
50$3,781,512$2,281,561$1,948,662$3,343,133
51$4,090,092$2,316,223$1,936,808$3,543,423
52$4,427,717$2,350,154$1,922,127$3,761,026
53$4,797,274$2,383,241$1,904,448$3,997,664
54$5,201,940$2,415,364$1,883,591$4,255,233
55$5,645,216$2,446,395$1,859,369$4,535,829
56$6,130,955$2,476,195$1,831,585$4,841,757
57$6,663,402$2,504,618$1,800,033$5,175,562
58$7,247,232$2,531,508$1,764,497$5,540,050
59$7,887,594$2,556,696$1,724,752$5,938,312
60$8,590,159$2,580,005$1,680,562$6,373,760
61$9,361,174$2,601,243$1,631,679$6,850,154
62$10,207,519$2,620,209$1,577,845$7,371,639
63$11,136,773$2,636,687$1,518,791$7,942,787
64$12,157,286$2,650,447$1,454,232$8,568,637
65$13,278,256$2,661,245$1,383,875$9,254,747
66$14,509,813$2,668,821$1,307,410$10,007,243
67$15,863,120$2,672,899$1,224,514$10,832,881
68$17,350,474$2,673,187$1,134,851$11,739,110
69$18,985,421$2,669,371$1,038,067$12,734,140
70$20,782,886$2,661,123$933,795$13,827,025
71$22,759,313$2,648,091$821,650$15,027,748
72$24,932,817$2,629,902$701,229$16,347,314
73$27,323,359$2,606,161$572,115$17,797,855
74$29,952,929$2,576,450$433,868$19,392,747
75$32,845,756$2,540,325$286,031$21,146,739
76$36,028,537$2,497,315$128,127$23,076,087
77$39,530,686$2,446,921$0$25,198,716
78$43,384,612$2,388,617$0$27,539,985
79$47,626,025$2,321,841$0$30,135,408
80$52,294,272$2,246,004$0$32,991,281
81$57,432,708$2,160,478$0$36,134,156
82$63,089,103$2,064,601$0$39,593,297
83$69,316,096$1,957,670$0$43,400,959
84$76,171,687$1,838,946$0$47,592,695
85$83,719,787$1,707,642$0$52,207,690
86$92,030,818$1,562,929$0$57,289,132
87$101,182,381$1,403,932$0$62,884,625
88$111,259,982$1,229,723$0$69,046,635
89$122,357,844$1,039,323$0$75,832,990
90$134,579,792$831,698$0$83,307,425
91$148,040,234$605,755$0$91,540,189
92$162,865,241$360,339$0$100,608,706
93$179,193,733$94,233$0$110,598,310
94$197,178,792$0$0$121,603,052
95$216,989,107$0$0$133,792,718
96$238,810,564$0$0$147,255,534
97$262,848,000$0$0$162,085,760
98$289,327,135$0$0$178,422,690
99$318,496,703$0$0$196,419,817
100$350,630,801$0$0$216,246,290