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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$158,552$157,140$155,762$154,417$153,103$151,065
2 years$78,491$77,029$75,612$74,239$72,906$70,856
3 years$51,808$50,339$48,926$47,566$46,255$44,256
4 years$38,468$37,005$35,606$34,268$32,989$31,058
5 years$30,467$29,012$27,632$26,321$25,078$23,219
6 years$25,135$23,691$22,330$21,049$19,843$18,060
7 years$21,327$19,895$18,557$17,306$16,138$14,430
8 years$18,473$17,054$15,738$14,517$13,388$11,755
9 years$16,254$14,849$13,555$12,366$11,275$9,717
10 years$14,480$13,088$11,817$10,659$9,607$8,122
11 years$13,029$11,652$10,404$9,277$8,262$6,850
12 years$11,822$10,458$9,233$8,137$7,160$5,818
13 years$10,800$9,451$8,249$7,184$6,243$4,970
14 years$9,926$8,591$7,412$6,377$5,473$4,267
15 years$9,168$7,848$6,692$5,687$4,819$3,677
16 years$8,506$7,200$6,067$5,092$4,259$3,180
17 years$7,923$6,631$5,521$4,575$3,776$2,758
18 years$7,405$6,127$5,040$4,123$3,358$2,398
19 years$6,942$5,679$4,614$3,726$2,993$2,089
20 years$6,525$5,277$4,234$3,374$2,673$1,823
21 years$6,149$4,915$3,895$3,062$2,392$1,593
22 years$5,808$4,588$3,590$2,784$2,144$1,395
23 years$5,497$4,291$3,314$2,536$1,925$1,222
24 years$5,212$4,021$3,065$2,313$1,730$1,072
25 years$4,950$3,773$2,839$2,112$1,557$941
26 years$4,709$3,546$2,633$1,931$1,402$827
27 years$4,486$3,337$2,445$1,768$1,264$727
28 years$4,279$3,145$2,273$1,620$1,141$639
29 years$4,087$2,967$2,115$1,485$1,030$563
30 years$3,908$2,802$1,970$1,363$931$495
31 years$3,741$2,649$1,837$1,252$841$436
32 years$3,585$2,506$1,714$1,151$761$385
33 years$3,438$2,373$1,600$1,058$689$339
34 years$3,301$2,249$1,495$973$624$299
35 years$3,171$2,134$1,398$896$565$264
36 years$3,049$2,025$1,308$825$512$232
37 years$2,934$1,923$1,224$760$464$205
38 years$2,825$1,828$1,146$701$421$181
39 years$2,723$1,738$1,074$646$381$160
40 years$2,625$1,654$1,006$596$346$141
41 years$2,532$1,574$944$550$314$124
42 years$2,444$1,499$885$508$285$110
43 years$2,361$1,428$831$469$258$97
44 years$2,281$1,362$780$433$235$86
45 years$2,205$1,298$732$400$213$76
46 years$2,133$1,239$688$369$193$67
47 years$2,064$1,182$646$341$176$59
48 years$1,998$1,128$607$315$159$52
49 years$1,935$1,078$571$291$145$46
50 years$1,875$1,029$536$269$132$41

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 $4,923 every year, while hoping to spend $20,677 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: 38/36/26 Blend
41$1,920,000$1,920,000$1,920,000$1,920,000
42$2,120,918$2,019,158$1,989,398$2,184,911
43$2,315,252$2,096,097$2,034,043$2,309,105
44$2,528,714$2,176,112$2,079,490$2,440,969
45$2,763,235$2,259,334$2,125,745$2,583,080
46$3,020,939$2,345,896$2,172,812$2,736,381
47$3,304,169$2,435,939$2,220,695$2,901,906
48$3,615,504$2,529,609$2,269,398$3,080,793
49$3,957,786$2,627,060$2,318,923$3,274,289
50$4,334,146$2,728,452$2,369,273$3,483,766
51$4,748,033$2,833,950$2,420,448$3,710,734
52$5,203,249$2,943,730$2,472,449$3,956,848
53$5,703,980$3,057,973$2,525,276$4,223,932
54$6,254,841$3,176,869$2,578,928$4,513,989
55$6,860,916$3,300,616$2,633,403$4,829,222
56$7,527,804$3,429,421$2,688,697$5,172,053
57$8,261,678$3,563,501$2,744,806$5,545,149
58$9,069,337$3,703,081$2,801,725$5,951,439
59$9,958,274$3,848,396$2,859,447$6,394,150
60$10,936,744$3,999,694$2,917,965$6,876,829
61$12,013,844$4,157,231$2,977,269$7,403,379
62$13,199,597$4,321,276$3,037,349$7,978,098
63$14,505,048$4,492,110$3,098,192$8,605,713
64$15,942,366$4,670,027$3,159,784$9,291,427
65$17,524,961$4,855,332$3,222,111$10,040,968
66$19,267,610$5,048,346$3,285,155$10,860,639
67$21,186,595$5,249,404$3,348,896$11,757,381
68$23,299,858$5,458,855$3,413,314$12,738,832
69$25,627,168$5,677,064$3,478,385$13,813,404
70$28,190,312$5,904,413$3,544,084$14,990,358
71$31,013,296$6,141,301$3,610,382$16,279,888
72$34,122,572$6,388,145$3,677,250$17,693,222
73$37,547,292$6,645,381$3,744,655$19,242,724
74$41,319,575$6,913,464$3,812,561$20,942,005
75$45,474,819$7,192,871$3,880,929$22,806,060
76$50,052,028$7,484,099$3,949,717$24,851,397
77$55,094,184$7,787,669$4,018,882$27,096,201
78$60,648,650$8,104,125$4,088,374$29,560,499
79$66,767,621$8,434,035$4,158,143$32,266,347
80$73,508,609$8,777,994$4,228,132$35,238,041
81$80,934,995$9,136,624$4,298,282$38,502,340
82$89,116,621$9,510,574$4,368,531$42,088,719
83$98,130,450$9,900,526$4,438,810$46,029,647
84$108,061,292$10,307,188$4,509,047$50,360,888
85$119,002,610$10,731,306$4,579,166$55,121,841
86$131,057,392$11,173,656$4,649,084$60,355,904
87$144,339,132$11,635,052$4,718,714$66,110,889
88$158,972,897$12,116,343$4,787,965$72,439,464
89$175,096,509$12,618,419$4,856,738$79,399,654
90$192,861,842$13,142,212$4,924,928$87,055,381
91$212,436,263$13,688,692$4,992,425$95,477,069
92$234,004,203$14,258,880$5,059,113$104,742,305
93$257,768,906$14,853,839$5,124,868$114,936,567
94$283,954,341$15,474,684$5,189,557$126,154,032
95$312,807,320$16,122,580$5,253,044$138,498,455
96$344,599,826$16,798,746$5,315,181$152,084,156
97$379,631,582$17,504,458$5,375,813$167,037,085
98$418,232,879$18,241,052$5,434,778$183,496,017
99$460,767,692$19,009,923$5,491,903$201,613,850
100$507,637,121$19,812,533$5,547,005$221,559,052