Can I retire at age 42 with 1,930,000?

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 $1,930,000?

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$159,378$157,958$156,573$155,221$153,901$150,302
2 years$78,900$77,430$76,006$74,625$73,286$69,681
3 years$52,077$50,602$49,181$47,813$46,496$42,997
4 years$38,669$37,198$35,791$34,447$33,161$29,796
5 years$30,626$29,163$27,775$26,458$25,209$21,985
6 years$25,265$23,814$22,447$21,159$19,947$16,869
7 years$21,438$19,999$18,653$17,396$16,222$13,291
8 years$18,569$17,143$15,819$14,593$13,458$10,672
9 years$16,339$14,926$13,625$12,430$11,333$8,690
10 years$14,555$13,156$11,879$10,715$9,657$7,154
11 years$13,097$11,712$10,458$9,325$8,305$5,939
12 years$11,883$10,512$9,281$8,179$7,197$4,963
13 years$10,857$9,500$8,292$7,221$6,276$4,171
14 years$9,977$8,635$7,451$6,410$5,501$3,520
15 years$9,216$7,889$6,727$5,717$4,844$2,982
16 years$8,551$7,238$6,099$5,119$4,281$2,534
17 years$7,964$6,666$5,550$4,599$3,796$2,159
18 years$7,443$6,159$5,066$4,145$3,375$1,843
19 years$6,978$5,708$4,638$3,745$3,008$1,576
20 years$6,559$5,305$4,256$3,392$2,687$1,350
21 years$6,181$4,941$3,915$3,078$2,405$1,158
22 years$5,838$4,612$3,608$2,799$2,155$994
23 years$5,525$4,314$3,332$2,549$1,935$854
24 years$5,239$4,042$3,081$2,325$1,739$735
25 years$4,976$3,793$2,854$2,123$1,565$632
26 years$4,733$3,565$2,647$1,941$1,410$545
27 years$4,509$3,355$2,458$1,777$1,271$469
28 years$4,302$3,161$2,285$1,628$1,147$404
29 years$4,108$2,982$2,126$1,493$1,035$349
30 years$3,929$2,816$1,980$1,370$936$301
31 years$3,761$2,662$1,846$1,258$846$260
32 years$3,604$2,519$1,723$1,157$765$224
33 years$3,456$2,386$1,608$1,064$692$193
34 years$3,318$2,261$1,503$979$627$167
35 years$3,188$2,145$1,405$901$568$144
36 years$3,065$2,036$1,314$830$515$124
37 years$2,950$1,933$1,230$764$466$108
38 years$2,840$1,837$1,152$705$423$93
39 years$2,737$1,747$1,079$650$383$80
40 years$2,639$1,662$1,012$599$348$69
41 years$2,546$1,582$949$553$315$60
42 years$2,457$1,507$890$510$286$52
43 years$2,373$1,436$835$471$260$45
44 years$2,293$1,369$784$435$236$39
45 years$2,217$1,305$736$402$214$33
46 years$2,144$1,245$691$371$194$29
47 years$2,075$1,188$649$343$176$25
48 years$2,008$1,134$610$317$160$22
49 years$1,945$1,083$574$293$146$19
50 years$1,884$1,035$539$271$132$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,930,000, adding $4,606 every year, while hoping to spend $28,439 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: 59/36/5 Blend
41$1,930,000$1,930,000$1,930,000$1,930,000
42$2,131,611$2,029,321$1,999,406$2,255,225
43$2,318,777$2,098,499$2,036,127$2,407,722
44$2,524,080$2,170,113$2,073,126$2,570,238
45$2,749,341$2,244,254$2,110,380$2,746,700
46$2,996,564$2,321,013$2,147,868$2,938,444
47$3,267,958$2,400,487$2,185,567$3,146,943
48$3,565,955$2,482,776$2,223,449$3,373,814
49$3,893,235$2,567,985$2,261,487$3,620,837
50$4,252,750$2,656,220$2,299,651$3,889,971
51$4,647,750$2,747,595$2,337,909$4,183,370
52$5,081,819$2,842,226$2,376,228$4,503,407
53$5,558,903$2,940,234$2,414,570$4,852,691
54$6,083,350$3,041,744$2,452,897$5,234,094
55$6,659,950$3,146,887$2,491,167$5,650,778
56$7,293,980$3,255,800$2,529,336$6,106,224
57$7,991,255$3,368,623$2,567,357$6,604,262
58$8,758,180$3,485,503$2,605,181$7,149,112
59$9,601,814$3,606,592$2,642,754$7,745,416
60$10,529,933$3,732,049$2,680,020$8,398,288
61$11,551,105$3,862,038$2,716,920$9,113,358
62$12,674,771$3,996,732$2,753,390$9,896,826
63$13,911,333$4,136,306$2,789,364$10,755,518
64$15,272,252$4,280,948$2,824,771$11,696,953
65$16,770,156$4,430,849$2,859,535$12,729,411
66$18,418,961$4,586,210$2,893,578$13,862,011
67$20,233,998$4,747,238$2,926,817$15,104,795
68$22,232,163$4,914,150$2,959,162$16,468,825
69$24,432,071$5,087,171$2,990,522$17,966,286
70$26,854,236$5,266,535$3,020,797$19,610,598
71$29,521,258$5,452,486$3,049,885$21,416,543
72$32,458,046$5,645,277$3,077,675$23,400,406
73$35,692,043$5,845,171$3,104,053$25,580,124
74$39,253,491$6,052,444$3,128,899$27,975,457
75$43,175,713$6,267,381$3,152,083$30,608,172
76$47,495,431$6,490,277$3,173,473$33,502,251
77$52,253,108$6,721,444$3,192,927$36,684,111
78$57,493,331$6,961,201$3,210,297$40,182,856
79$63,265,235$7,209,884$3,225,426$44,030,552
80$69,622,963$7,467,842$3,238,151$48,262,523
81$76,626,176$7,735,437$3,248,300$52,917,690
82$84,340,619$8,013,046$3,255,691$58,038,931
83$92,838,740$8,301,064$3,260,135$63,673,490
84$102,200,374$8,599,898$3,261,432$69,873,418
85$112,513,496$8,909,977$3,259,373$76,696,065
86$123,875,049$9,231,742$3,253,739$84,204,619
87$136,391,864$9,565,658$3,244,299$92,468,701
88$150,181,663$9,912,204$3,230,812$101,565,022
89$165,374,173$10,271,882$3,213,025$111,578,104
90$182,112,349$10,645,216$3,190,672$122,601,078
91$200,553,725$11,032,747$3,163,476$134,736,560
92$220,871,898$11,435,045$3,131,145$148,097,618
93$243,258,168$11,852,698$3,093,375$162,808,840
94$267,923,343$12,286,322$3,049,845$179,007,505
95$295,099,731$12,736,559$3,000,221$196,844,880
96$325,043,328$13,204,075$2,944,154$216,487,644
97$358,036,241$13,689,568$2,881,276$238,119,460
98$394,389,343$14,193,762$2,811,204$261,942,708
99$434,445,213$14,717,414$2,733,537$288,180,389
100$478,581,370$15,261,312$2,647,855$317,078,236