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%18.5%
1 years$158,552$157,140$155,762$154,417$153,103$147,848
2 years$78,491$77,029$75,612$74,239$72,906$67,665
3 years$51,808$50,339$48,926$47,566$46,255$41,192
4 years$38,468$37,005$35,606$34,268$32,989$28,144
5 years$30,467$29,012$27,632$26,321$25,078$20,463
6 years$25,135$23,691$22,330$21,049$19,843$15,462
7 years$21,327$19,895$18,557$17,306$16,138$11,990
8 years$18,473$17,054$15,738$14,517$13,388$9,470
9 years$16,254$14,849$13,555$12,366$11,275$7,582
10 years$14,480$13,088$11,817$10,659$9,607$6,133
11 years$13,029$11,652$10,404$9,277$8,262$5,000
12 years$11,822$10,458$9,233$8,137$7,160$4,103
13 years$10,800$9,451$8,249$7,184$6,243$3,383
14 years$9,926$8,591$7,412$6,377$5,473$2,801
15 years$9,168$7,848$6,692$5,687$4,819$2,326
16 years$8,506$7,200$6,067$5,092$4,259$1,937
17 years$7,923$6,631$5,521$4,575$3,776$1,617
18 years$7,405$6,127$5,040$4,123$3,358$1,352
19 years$6,942$5,679$4,614$3,726$2,993$1,132
20 years$6,525$5,277$4,234$3,374$2,673$949
21 years$6,149$4,915$3,895$3,062$2,392$797
22 years$5,808$4,588$3,590$2,784$2,144$669
23 years$5,497$4,291$3,314$2,536$1,925$563
24 years$5,212$4,021$3,065$2,313$1,730$473
25 years$4,950$3,773$2,839$2,112$1,557$398
26 years$4,709$3,546$2,633$1,931$1,402$335
27 years$4,486$3,337$2,445$1,768$1,264$283
28 years$4,279$3,145$2,273$1,620$1,141$238
29 years$4,087$2,967$2,115$1,485$1,030$201
30 years$3,908$2,802$1,970$1,363$931$169
31 years$3,741$2,649$1,837$1,252$841$143
32 years$3,585$2,506$1,714$1,151$761$120
33 years$3,438$2,373$1,600$1,058$689$101
34 years$3,301$2,249$1,495$973$624$85
35 years$3,171$2,134$1,398$896$565$72
36 years$3,049$2,025$1,308$825$512$61
37 years$2,934$1,923$1,224$760$464$51
38 years$2,825$1,828$1,146$701$421$43
39 years$2,723$1,738$1,074$646$381$37
40 years$2,625$1,654$1,006$596$346$31
41 years$2,532$1,574$944$550$314$26
42 years$2,444$1,499$885$508$285$22
43 years$2,361$1,428$831$469$258$19
44 years$2,281$1,362$780$433$235$16
45 years$2,205$1,298$732$400$213$13
46 years$2,133$1,239$688$369$193$11
47 years$2,064$1,182$646$341$176$9
48 years$1,998$1,128$607$315$159$8
49 years$1,935$1,078$571$291$145$7
50 years$1,875$1,029$536$269$132$6

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 $3,904 every year, while hoping to spend $43,018 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: 56/14/30 Blend
41$1,920,000$1,920,000$1,920,000$1,920,000
42$2,119,867$2,018,107$1,988,347$2,220,780
43$2,290,323$2,071,223$2,009,186$2,343,920
44$2,476,723$2,125,501$2,029,281$2,473,260
45$2,680,649$2,180,950$2,048,562$2,613,338
46$2,903,841$2,237,583$2,066,955$2,765,208
47$3,148,217$2,295,409$2,084,382$2,930,030
48$3,415,886$2,354,435$2,100,760$3,109,082
49$3,709,175$2,414,670$2,116,004$3,303,773
50$4,030,642$2,476,121$2,130,021$3,515,656
51$4,383,107$2,538,790$2,142,717$3,746,442
52$4,769,676$2,602,683$2,153,990$3,998,017
53$5,193,770$2,667,801$2,163,735$4,272,459
54$5,659,154$2,734,143$2,171,840$4,572,059
55$6,169,980$2,801,709$2,178,189$4,899,341
56$6,730,818$2,870,493$2,182,658$5,257,087
57$7,346,704$2,940,489$2,185,120$5,648,366
58$8,023,185$3,011,690$2,185,438$6,076,555
59$8,766,371$3,084,084$2,183,471$6,545,382
60$9,582,994$3,157,657$2,179,071$7,058,952
61$10,480,469$3,232,392$2,172,080$7,621,791
62$11,466,968$3,308,270$2,162,335$8,238,888
63$12,551,490$3,385,267$2,149,664$8,915,740
64$13,743,952$3,463,355$2,133,889$9,658,407
65$15,055,280$3,542,505$2,114,819$10,473,570
66$16,497,512$3,622,680$2,092,258$11,368,591
67$18,083,908$3,703,842$2,065,999$12,351,583
68$19,829,082$3,785,945$2,035,825$13,431,492
69$21,749,133$3,868,941$2,001,510$14,618,175
70$23,861,800$3,952,775$1,962,816$15,922,498
71$26,186,628$4,037,385$1,919,495$17,356,437
72$28,745,153$4,122,706$1,871,287$18,933,191
73$31,561,103$4,208,663$1,817,919$20,667,310
74$34,660,625$4,295,176$1,759,109$22,574,828
75$38,072,526$4,382,158$1,694,557$24,673,420
76$41,828,552$4,469,512$1,623,952$26,982,564
77$45,963,680$4,557,134$1,546,971$29,523,732
78$50,516,453$4,644,911$1,463,272$32,320,585
79$55,529,340$4,732,720$1,372,500$35,399,206
80$61,049,137$4,820,428$1,274,283$38,788,338
81$67,127,412$4,907,892$1,168,235$42,519,664
82$73,820,986$4,994,956$1,053,948$46,628,100
83$81,192,471$5,081,454$931,000$51,152,132
84$89,310,863$5,167,204$798,948$56,134,174
85$98,252,189$5,252,015$657,331$61,620,972
86$108,100,226$5,335,678$505,665$67,664,048
87$118,947,291$5,417,968$343,448$74,320,184
88$130,895,114$5,498,648$170,152$81,651,961
89$144,055,793$5,577,459$0$89,728,349
90$158,552,858$5,654,128$0$98,630,097
91$174,522,429$5,728,360$0$108,494,678
92$192,114,507$5,799,840$0$119,360,092
93$211,494,387$5,868,233$0$131,328,292
94$232,844,218$5,933,179$0$144,511,633
95$256,364,719$5,994,296$0$159,033,925
96$282,277,079$6,051,175$0$175,031,607
97$310,825,039$6,103,381$0$192,655,030
98$342,277,195$6,150,449$0$212,069,881
99$376,929,533$6,191,885$0$233,458,744
100$415,108,222$6,227,164$0$257,022,825