Can I retire at age 42 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$158,552$157,140$155,762$154,417$153,103$152,139
2 years$78,491$77,029$75,612$74,239$72,906$71,933
3 years$51,808$50,339$48,926$47,566$46,255$45,303
4 years$38,468$37,005$35,606$34,268$32,989$32,067
5 years$30,467$29,012$27,632$26,321$25,078$24,187
6 years$25,135$23,691$22,330$21,049$19,843$18,986
7 years$21,327$19,895$18,557$17,306$16,138$15,314
8 years$18,473$17,054$15,738$14,517$13,388$12,597
9 years$16,254$14,849$13,555$12,366$11,275$10,517
10 years$14,480$13,088$11,817$10,659$9,607$8,881
11 years$13,029$11,652$10,404$9,277$8,262$7,569
12 years$11,822$10,458$9,233$8,137$7,160$6,498
13 years$10,800$9,451$8,249$7,184$6,243$5,613
14 years$9,926$8,591$7,412$6,377$5,473$4,873
15 years$9,168$7,848$6,692$5,687$4,819$4,248
16 years$8,506$7,200$6,067$5,092$4,259$3,717
17 years$7,923$6,631$5,521$4,575$3,776$3,262
18 years$7,405$6,127$5,040$4,123$3,358$2,871
19 years$6,942$5,679$4,614$3,726$2,993$2,532
20 years$6,525$5,277$4,234$3,374$2,673$2,237
21 years$6,149$4,915$3,895$3,062$2,392$1,980
22 years$5,808$4,588$3,590$2,784$2,144$1,756
23 years$5,497$4,291$3,314$2,536$1,925$1,558
24 years$5,212$4,021$3,065$2,313$1,730$1,385
25 years$4,950$3,773$2,839$2,112$1,557$1,232
26 years$4,709$3,546$2,633$1,931$1,402$1,097
27 years$4,486$3,337$2,445$1,768$1,264$978
28 years$4,279$3,145$2,273$1,620$1,141$872
29 years$4,087$2,967$2,115$1,485$1,030$778
30 years$3,908$2,802$1,970$1,363$931$694
31 years$3,741$2,649$1,837$1,252$841$620
32 years$3,585$2,506$1,714$1,151$761$554
33 years$3,438$2,373$1,600$1,058$689$495
34 years$3,301$2,249$1,495$973$624$443
35 years$3,171$2,134$1,398$896$565$396
36 years$3,049$2,025$1,308$825$512$355
37 years$2,934$1,923$1,224$760$464$317
38 years$2,825$1,828$1,146$701$421$284
39 years$2,723$1,738$1,074$646$381$254
40 years$2,625$1,654$1,006$596$346$228
41 years$2,532$1,574$944$550$314$204
42 years$2,444$1,499$885$508$285$183
43 years$2,361$1,428$831$469$258$164
44 years$2,281$1,362$780$433$235$147
45 years$2,205$1,298$732$400$213$131
46 years$2,133$1,239$688$369$193$118
47 years$2,064$1,182$646$341$176$106
48 years$1,998$1,128$607$315$159$95
49 years$1,935$1,078$571$291$145$85
50 years$1,875$1,029$536$269$132$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,920,000, adding $2,465 every year, while hoping to spend $41,800 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: 50/31/19 Blend
41$1,920,000$1,920,000$1,920,000$1,920,000
42$2,118,383$2,016,623$1,986,863$2,212,980
43$2,289,983$2,070,962$2,008,948$2,332,951
44$2,477,685$2,126,564$2,030,372$2,458,764
45$2,683,088$2,183,444$2,051,068$2,594,607
46$2,907,952$2,241,622$2,070,967$2,741,441
47$3,154,214$2,301,112$2,089,996$2,900,325
48$3,424,008$2,361,931$2,108,075$3,072,425
49$3,719,686$2,424,095$2,125,125$3,259,025
50$4,043,836$2,487,617$2,141,058$3,461,540
51$4,399,308$2,552,511$2,155,784$3,681,526
52$4,789,242$2,618,789$2,169,208$3,920,699
53$5,217,098$2,686,463$2,181,230$4,180,950
54$5,686,685$2,755,543$2,191,744$4,464,359
55$6,202,200$2,826,037$2,200,640$4,773,222
56$6,768,264$2,897,953$2,207,801$5,110,063
57$7,389,970$2,971,295$2,213,106$5,477,667
58$8,072,927$3,046,069$2,216,425$5,879,101
59$8,823,315$3,122,276$2,217,625$6,317,744
60$9,647,942$3,199,916$2,216,564$6,797,320
61$10,554,307$3,278,987$2,213,094$7,321,931
62$11,550,673$3,359,484$2,207,059$7,896,098
63$12,646,143$3,441,400$2,198,297$8,524,803
64$13,850,746$3,524,725$2,186,636$9,213,534
65$15,175,531$3,609,446$2,171,898$9,968,342
66$16,632,672$3,695,546$2,153,894$10,795,892
67$18,235,583$3,783,006$2,132,427$11,703,529
68$19,999,042$3,871,802$2,107,293$12,699,349
69$21,939,331$3,961,908$2,078,274$13,792,272
70$24,074,393$4,053,291$2,045,146$14,992,130
71$26,423,994$4,145,915$2,007,671$16,309,757
72$29,009,915$4,239,739$1,965,603$17,757,092
73$31,856,157$4,334,717$1,918,681$19,347,293
74$34,989,163$4,430,796$1,866,635$21,094,861
75$38,438,072$4,527,919$1,809,181$23,015,777
76$42,234,990$4,626,022$1,746,023$25,127,653
77$46,415,295$4,725,033$1,676,851$27,449,899
78$51,017,970$4,824,874$1,601,340$30,003,904
79$56,085,969$4,925,460$1,519,151$32,813,243
80$61,666,625$5,026,695$1,429,931$35,903,896
81$67,812,095$5,128,477$1,333,307$39,304,495
82$74,579,851$5,230,694$1,228,895$43,046,595
83$82,033,221$5,333,223$1,116,288$47,164,973
84$90,241,991$5,435,933$995,066$51,697,953
85$99,283,060$5,538,679$864,786$56,687,774
86$109,241,163$5,641,306$724,987$62,180,984
87$120,209,677$5,743,645$575,190$68,228,886
88$132,291,495$5,845,515$414,890$74,888,015
89$145,600,003$5,946,720$243,564$82,220,682
90$160,260,144$6,047,050$60,664$90,295,554
91$176,409,601$6,146,278$0$99,188,309
92$194,200,094$6,244,159$0$109,009,621
93$213,798,814$6,340,434$0$119,839,031
94$235,389,999$6,434,820$0$131,765,649
95$259,176,671$6,527,019$0$144,901,244
96$285,382,556$6,616,707$0$159,368,982
97$314,254,191$6,703,541$0$175,304,593
98$346,063,256$6,787,151$0$192,857,651
99$381,109,132$6,867,146$0$212,192,988
100$419,721,732$6,943,104$0$233,492,246