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%15.7%
1 years$158,552$157,140$155,762$154,417$153,103$149,524
2 years$78,491$77,029$75,612$74,239$72,906$69,320
3 years$51,808$50,339$48,926$47,566$46,255$42,774
4 years$38,468$37,005$35,606$34,268$32,989$29,641
5 years$30,467$29,012$27,632$26,321$25,078$21,872
6 years$25,135$23,691$22,330$21,049$19,843$16,782
7 years$21,327$19,895$18,557$17,306$16,138$13,222
8 years$18,473$17,054$15,738$14,517$13,388$10,617
9 years$16,254$14,849$13,555$12,366$11,275$8,645
10 years$14,480$13,088$11,817$10,659$9,607$7,117
11 years$13,029$11,652$10,404$9,277$8,262$5,908
12 years$11,822$10,458$9,233$8,137$7,160$4,938
13 years$10,800$9,451$8,249$7,184$6,243$4,149
14 years$9,926$8,591$7,412$6,377$5,473$3,502
15 years$9,168$7,848$6,692$5,687$4,819$2,967
16 years$8,506$7,200$6,067$5,092$4,259$2,521
17 years$7,923$6,631$5,521$4,575$3,776$2,148
18 years$7,405$6,127$5,040$4,123$3,358$1,833
19 years$6,942$5,679$4,614$3,726$2,993$1,568
20 years$6,525$5,277$4,234$3,374$2,673$1,343
21 years$6,149$4,915$3,895$3,062$2,392$1,152
22 years$5,808$4,588$3,590$2,784$2,144$989
23 years$5,497$4,291$3,314$2,536$1,925$850
24 years$5,212$4,021$3,065$2,313$1,730$731
25 years$4,950$3,773$2,839$2,112$1,557$629
26 years$4,709$3,546$2,633$1,931$1,402$542
27 years$4,486$3,337$2,445$1,768$1,264$467
28 years$4,279$3,145$2,273$1,620$1,141$402
29 years$4,087$2,967$2,115$1,485$1,030$347
30 years$3,908$2,802$1,970$1,363$931$299
31 years$3,741$2,649$1,837$1,252$841$258
32 years$3,585$2,506$1,714$1,151$761$223
33 years$3,438$2,373$1,600$1,058$689$192
34 years$3,301$2,249$1,495$973$624$166
35 years$3,171$2,134$1,398$896$565$143
36 years$3,049$2,025$1,308$825$512$124
37 years$2,934$1,923$1,224$760$464$107
38 years$2,825$1,828$1,146$701$421$92
39 years$2,723$1,738$1,074$646$381$80
40 years$2,625$1,654$1,006$596$346$69
41 years$2,532$1,574$944$550$314$60
42 years$2,444$1,499$885$508$285$51
43 years$2,361$1,428$831$469$258$44
44 years$2,281$1,362$780$433$235$38
45 years$2,205$1,298$732$400$213$33
46 years$2,133$1,239$688$369$193$29
47 years$2,064$1,182$646$341$176$25
48 years$1,998$1,128$607$315$159$21
49 years$1,935$1,078$571$291$145$19
50 years$1,875$1,029$536$269$132$16

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 $4,342 every year, while hoping to spend $28,673 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: 70/15/15 Blend
41$1,920,000$1,920,000$1,920,000$1,920,000
42$2,120,319$2,018,559$1,988,799$2,261,172
43$2,306,083$2,086,960$2,024,916$2,423,764
44$2,509,835$2,157,753$2,061,282$2,597,796
45$2,733,378$2,231,022$2,097,874$2,787,522
46$2,978,700$2,306,860$2,134,671$2,994,486
47$3,247,990$2,385,359$2,171,645$3,220,388
48$3,543,660$2,466,616$2,208,770$3,467,100
49$3,868,366$2,550,733$2,246,016$3,736,682
50$4,225,034$2,637,814$2,283,352$4,031,404
51$4,616,889$2,727,967$2,320,746$4,353,763
52$5,047,481$2,821,307$2,358,160$4,706,512
53$5,520,723$2,917,950$2,395,557$5,092,681
54$6,040,925$3,018,018$2,432,897$5,515,610
55$6,612,836$3,121,638$2,470,136$5,978,973
56$7,241,688$3,228,941$2,507,228$6,486,820
57$7,933,245$3,340,063$2,544,125$7,043,612
58$8,693,856$3,455,147$2,580,774$7,654,262
59$9,530,520$3,574,340$2,617,120$8,324,183
60$10,450,946$3,697,795$2,653,106$9,059,335
61$11,463,626$3,825,671$2,688,669$9,866,288
62$12,577,920$3,958,133$2,723,744$10,752,276
63$13,804,141$4,095,354$2,758,261$11,725,270
64$15,153,648$4,237,512$2,792,148$12,794,051
65$16,638,962$4,384,792$2,825,327$13,968,295
66$18,273,877$4,537,387$2,857,717$15,258,660
67$20,073,592$4,695,499$2,889,230$16,676,889
68$22,054,855$4,859,335$2,919,776$18,235,919
69$24,236,120$5,029,112$2,949,258$19,950,007
70$26,637,722$5,205,056$2,977,576$21,834,858
71$29,282,067$5,387,401$3,004,622$23,907,776
72$32,193,845$5,576,391$3,030,284$26,187,830
73$35,400,263$5,772,279$3,054,443$28,696,026
74$38,931,298$5,975,329$3,076,976$31,455,514
75$42,819,985$6,185,815$3,097,749$34,491,798
76$47,102,725$6,404,023$3,116,626$37,832,983
77$51,819,631$6,630,248$3,133,461$41,510,034
78$57,014,903$6,864,799$3,148,101$45,557,074
79$62,737,247$7,107,998$3,160,387$50,011,701
80$69,040,336$7,360,179$3,170,148$54,915,343
81$75,983,311$7,621,690$3,177,210$60,313,651
82$83,631,348$7,892,891$3,181,385$66,256,929
83$92,056,263$8,174,160$3,182,479$72,800,606
84$101,337,196$8,465,889$3,180,287$80,005,760
85$111,561,357$8,768,484$3,174,594$87,939,696
86$122,824,848$9,082,372$3,165,174$96,676,578
87$135,233,567$9,407,994$3,151,793$106,298,132
88$148,904,215$9,745,809$3,134,202$116,894,413
89$163,965,389$10,096,297$3,112,141$128,564,657
90$180,558,800$10,459,957$3,085,339$141,418,217
91$198,840,610$10,837,308$3,053,511$155,575,593
92$218,982,907$11,228,891$3,016,359$171,169,574
93$241,175,326$11,635,269$2,973,569$188,346,484
94$265,626,840$12,057,028$2,924,815$207,267,567
95$292,567,736$12,494,780$2,869,753$228,110,510
96$322,251,782$12,949,161$2,808,027$251,071,114
97$354,958,627$13,420,834$2,739,260$276,365,149
98$390,996,442$13,910,490$2,663,060$304,230,383
99$430,704,823$14,418,848$2,579,016$334,928,833
100$474,458,002$14,946,658$2,486,700$368,749,231