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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$159,378$157,958$156,573$155,221$153,901$149,876
2 years$78,900$77,430$76,006$74,625$73,286$69,259
3 years$52,077$50,602$49,181$47,813$46,496$42,592
4 years$38,669$37,198$35,791$34,447$33,161$29,411
5 years$30,626$29,163$27,775$26,458$25,209$21,622
6 years$25,265$23,814$22,447$21,159$19,947$16,527
7 years$21,438$19,999$18,653$17,396$16,222$12,970
8 years$18,569$17,143$15,819$14,593$13,458$10,371
9 years$16,339$14,926$13,625$12,430$11,333$8,410
10 years$14,555$13,156$11,879$10,715$9,657$6,893
11 years$13,097$11,712$10,458$9,325$8,305$5,697
12 years$11,883$10,512$9,281$8,179$7,197$4,739
13 years$10,857$9,500$8,292$7,221$6,276$3,964
14 years$9,977$8,635$7,451$6,410$5,501$3,330
15 years$9,216$7,889$6,727$5,717$4,844$2,807
16 years$8,551$7,238$6,099$5,119$4,281$2,373
17 years$7,964$6,666$5,550$4,599$3,796$2,012
18 years$7,443$6,159$5,066$4,145$3,375$1,708
19 years$6,978$5,708$4,638$3,745$3,008$1,454
20 years$6,559$5,305$4,256$3,392$2,687$1,238
21 years$6,181$4,941$3,915$3,078$2,405$1,056
22 years$5,838$4,612$3,608$2,799$2,155$902
23 years$5,525$4,314$3,332$2,549$1,935$771
24 years$5,239$4,042$3,081$2,325$1,739$659
25 years$4,976$3,793$2,854$2,123$1,565$564
26 years$4,733$3,565$2,647$1,941$1,410$483
27 years$4,509$3,355$2,458$1,777$1,271$414
28 years$4,302$3,161$2,285$1,628$1,147$355
29 years$4,108$2,982$2,126$1,493$1,035$304
30 years$3,929$2,816$1,980$1,370$936$261
31 years$3,761$2,662$1,846$1,258$846$224
32 years$3,604$2,519$1,723$1,157$765$192
33 years$3,456$2,386$1,608$1,064$692$165
34 years$3,318$2,261$1,503$979$627$141
35 years$3,188$2,145$1,405$901$568$121
36 years$3,065$2,036$1,314$830$515$104
37 years$2,950$1,933$1,230$764$466$90
38 years$2,840$1,837$1,152$705$423$77
39 years$2,737$1,747$1,079$650$383$66
40 years$2,639$1,662$1,012$599$348$57
41 years$2,546$1,582$949$553$315$49
42 years$2,457$1,507$890$510$286$42
43 years$2,373$1,436$835$471$260$36
44 years$2,293$1,369$784$435$236$31
45 years$2,217$1,305$736$402$214$26
46 years$2,144$1,245$691$371$194$23
47 years$2,075$1,188$649$343$176$20
48 years$2,008$1,134$610$317$160$17
49 years$1,945$1,083$574$293$146$14
50 years$1,884$1,035$539$271$132$12

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 $5,872 every year, while hoping to spend $28,664 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: 46/30/24 Blend
41$1,930,000$1,930,000$1,930,000$1,930,000
42$2,132,917$2,030,627$2,000,712$2,216,091
43$2,319,976$2,099,629$2,037,238$2,344,237
44$2,525,155$2,171,052$2,074,026$2,479,914
45$2,750,271$2,244,984$2,111,056$2,626,550
46$2,997,326$2,321,516$2,148,304$2,785,183
47$3,268,527$2,400,744$2,185,746$2,956,953
48$3,566,303$2,482,766$2,223,354$3,143,118
49$3,893,330$2,567,686$2,261,101$3,345,060
50$4,252,556$2,655,609$2,298,955$3,564,298
51$4,647,230$2,746,648$2,336,883$3,802,507
52$5,080,930$2,840,915$2,374,851$4,061,527
53$5,557,597$2,938,532$2,412,820$4,343,386
54$6,081,574$3,039,622$2,450,752$4,650,313
55$6,657,645$3,144,315$2,488,603$4,984,764
56$7,291,081$3,252,743$2,526,328$5,349,443
57$7,987,691$3,365,046$2,563,879$5,747,325
58$8,753,871$3,481,370$2,601,205$6,181,685
59$9,596,673$3,601,863$2,638,251$6,656,133
60$10,523,862$3,726,683$2,674,961$7,174,640
61$11,543,996$3,855,991$2,711,273$7,741,580
62$12,666,506$3,989,956$2,747,123$8,361,770
63$13,901,779$4,128,754$2,782,441$9,040,516
64$15,261,264$4,272,567$2,817,156$9,783,659
65$16,757,574$4,421,584$2,851,192$10,597,635
66$18,404,607$4,576,001$2,884,467$11,489,530
67$20,217,677$4,736,025$2,916,897$12,467,151
68$22,213,657$4,901,868$2,948,390$13,539,097
69$24,411,142$5,073,751$2,978,853$14,714,838
70$26,830,618$5,251,904$3,008,184$16,004,809
71$29,494,661$5,436,568$3,036,278$17,420,503
72$32,428,147$5,627,990$3,063,024$18,974,580
73$35,658,487$5,826,431$3,088,305$20,680,988
74$39,215,886$6,032,160$3,111,997$22,555,094
75$43,133,627$6,245,456$3,133,969$24,613,825
76$47,448,386$6,466,612$3,154,086$26,875,831
77$52,200,577$6,695,932$3,172,203$29,361,658
78$57,434,734$6,933,730$3,188,170$32,093,944
79$63,199,930$7,180,336$3,201,827$35,097,630
80$69,550,242$7,436,092$3,213,007$38,400,194
81$76,545,259$7,701,353$3,221,536$42,031,912
82$84,250,646$7,976,490$3,227,228$46,026,142
83$92,738,763$8,261,888$3,229,890$50,419,638
84$102,089,346$8,557,950$3,229,321$55,252,896
85$112,390,261$8,865,092$3,225,305$60,570,536
86$123,738,336$9,183,750$3,217,621$66,421,724
87$136,240,269$9,514,376$3,206,034$72,860,632
88$150,013,639$9,857,443$3,190,299$79,946,951
89$165,188,014$10,213,441$3,170,158$87,746,452
90$181,906,174$10,582,883$3,145,340$96,331,608
91$200,325,459$10,966,299$3,115,565$105,782,275
92$220,619,254$11,364,246$3,080,535$116,186,447
93$242,978,626$11,777,302$3,039,940$127,641,085
94$267,614,123$12,206,067$2,993,456$140,253,030
95$294,757,770$12,651,170$2,940,742$154,140,011
96$324,665,248$13,113,264$2,881,443$169,431,758
97$357,618,319$13,593,029$2,815,187$186,271,223
98$393,927,475$14,091,175$2,741,583$204,815,927
99$433,934,876$14,608,441$2,660,224$225,239,451
100$478,017,575$15,145,597$2,570,684$247,733,067