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%16.3%
1 years$159,378$157,958$156,573$155,221$153,901$149,937
2 years$78,900$77,430$76,006$74,625$73,286$69,319
3 years$52,077$50,602$49,181$47,813$46,496$42,649
4 years$38,669$37,198$35,791$34,447$33,161$29,465
5 years$30,626$29,163$27,775$26,458$25,209$21,673
6 years$25,265$23,814$22,447$21,159$19,947$16,576
7 years$21,438$19,999$18,653$17,396$16,222$13,015
8 years$18,569$17,143$15,819$14,593$13,458$10,414
9 years$16,339$14,926$13,625$12,430$11,333$8,450
10 years$14,555$13,156$11,879$10,715$9,657$6,930
11 years$13,097$11,712$10,458$9,325$8,305$5,731
12 years$11,883$10,512$9,281$8,179$7,197$4,771
13 years$10,857$9,500$8,292$7,221$6,276$3,993
14 years$9,977$8,635$7,451$6,410$5,501$3,356
15 years$9,216$7,889$6,727$5,717$4,844$2,831
16 years$8,551$7,238$6,099$5,119$4,281$2,396
17 years$7,964$6,666$5,550$4,599$3,796$2,032
18 years$7,443$6,159$5,066$4,145$3,375$1,727
19 years$6,978$5,708$4,638$3,745$3,008$1,470
20 years$6,559$5,305$4,256$3,392$2,687$1,254
21 years$6,181$4,941$3,915$3,078$2,405$1,070
22 years$5,838$4,612$3,608$2,799$2,155$915
23 years$5,525$4,314$3,332$2,549$1,935$782
24 years$5,239$4,042$3,081$2,325$1,739$670
25 years$4,976$3,793$2,854$2,123$1,565$574
26 years$4,733$3,565$2,647$1,941$1,410$492
27 years$4,509$3,355$2,458$1,777$1,271$422
28 years$4,302$3,161$2,285$1,628$1,147$362
29 years$4,108$2,982$2,126$1,493$1,035$310
30 years$3,929$2,816$1,980$1,370$936$266
31 years$3,761$2,662$1,846$1,258$846$229
32 years$3,604$2,519$1,723$1,157$765$196
33 years$3,456$2,386$1,608$1,064$692$169
34 years$3,318$2,261$1,503$979$627$145
35 years$3,188$2,145$1,405$901$568$124
36 years$3,065$2,036$1,314$830$515$107
37 years$2,950$1,933$1,230$764$466$92
38 years$2,840$1,837$1,152$705$423$79
39 years$2,737$1,747$1,079$650$383$68
40 years$2,639$1,662$1,012$599$348$58
41 years$2,546$1,582$949$553$315$50
42 years$2,457$1,507$890$510$286$43
43 years$2,373$1,436$835$471$260$37
44 years$2,293$1,369$784$435$236$32
45 years$2,217$1,305$736$402$214$27
46 years$2,144$1,245$691$371$194$24
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$15
50 years$1,884$1,035$539$271$132$13

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 $2,732 every year, while hoping to spend $58,257 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: 66/23/11 Blend
41$1,930,000$1,930,000$1,930,000$1,930,000
42$2,129,678$2,027,388$1,997,473$2,264,956
43$2,284,920$2,064,745$2,002,403$2,392,772
44$2,454,045$2,101,980$2,005,546$2,525,281
45$2,638,406$2,139,026$2,006,781$2,668,615
46$2,839,494$2,175,809$2,005,979$2,823,825
47$3,058,950$2,212,251$2,003,007$2,992,071
48$3,298,581$2,248,269$1,997,725$3,174,630
49$3,560,374$2,283,772$1,989,987$3,372,911
50$3,846,518$2,318,663$1,979,637$3,588,464
51$4,159,422$2,352,837$1,966,515$3,822,999
52$4,501,741$2,386,183$1,950,450$4,078,399
53$4,876,394$2,418,583$1,931,267$4,356,741
54$5,286,600$2,449,907$1,908,778$4,660,312
55$5,735,901$2,480,020$1,882,789$4,991,634
56$6,228,197$2,508,775$1,853,097$5,353,486
57$6,767,786$2,536,017$1,819,488$5,748,932
58$7,359,398$2,561,581$1,781,739$6,181,348
59$8,008,246$2,585,287$1,739,617$6,654,454
60$8,720,069$2,606,948$1,692,876$7,172,354
61$9,501,190$2,626,363$1,641,261$7,739,567
62$10,358,573$2,643,316$1,584,505$8,361,078
63$11,299,890$2,657,581$1,522,328$9,042,379
64$12,333,590$2,668,913$1,454,438$9,789,524
65$13,468,982$2,677,056$1,380,528$10,609,188
66$14,716,322$2,681,736$1,300,279$11,508,727
67$16,086,905$2,682,659$1,213,357$12,496,249
68$17,593,178$2,679,518$1,119,413$13,580,692
69$19,248,851$2,671,984$1,018,082$14,771,907
70$21,069,030$2,659,707$908,983$16,080,754
71$23,070,356$2,642,317$791,719$17,519,203
72$25,271,164$2,619,422$665,874$19,100,447
73$27,691,655$2,590,606$531,013$20,839,029
74$30,354,085$2,555,427$386,683$22,750,979
75$33,282,976$2,513,418$232,412$24,853,967
76$36,505,347$2,464,083$67,704$27,167,467
77$40,050,966$2,406,896$0$29,712,946
78$43,952,633$2,341,303$0$32,526,751
79$48,246,489$2,266,715$0$35,631,581
80$52,972,356$2,182,508$0$39,048,294
81$58,174,109$2,088,024$0$42,808,644
82$63,900,096$1,982,565$0$46,947,625
83$70,203,590$1,865,394$0$51,503,807
84$77,143,288$1,735,731$0$56,519,692
85$84,783,872$1,592,751$0$62,042,126
86$93,196,613$1,435,581$0$68,122,735
87$102,460,044$1,263,301$0$74,818,415
88$112,660,702$1,074,937$0$82,191,871
89$123,893,945$869,459$0$90,312,210
90$136,264,846$645,782$0$99,255,591
91$149,889,191$402,756$0$109,105,952
92$164,894,567$139,170$0$119,955,795
93$181,421,567$0$0$131,907,068
94$199,625,116$0$0$145,109,139
95$219,675,930$0$0$159,689,909
96$241,762,133$0$0$175,750,975
97$266,091,025$0$0$193,443,110
98$292,891,043$0$0$212,932,457
99$322,413,912$0$0$234,402,099
100$354,937,026$0$0$258,053,786