Can I retire at age 42 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$160,203$158,776$157,384$156,025$154,698$151,575
2 years$79,309$77,832$76,400$75,012$73,666$70,533
3 years$52,347$50,864$49,436$48,061$46,737$43,692
4 years$38,869$37,390$35,977$34,625$33,333$30,399
5 years$30,784$29,314$27,919$26,596$25,339$22,525
6 years$25,396$23,937$22,563$21,269$20,050$17,359
7 years$21,549$20,103$18,750$17,486$16,306$13,739
8 years$18,665$17,232$15,901$14,669$13,527$11,083
9 years$16,423$15,003$13,696$12,494$11,392$9,069
10 years$14,631$13,225$11,940$10,770$9,707$7,502
11 years$13,165$11,773$10,512$9,373$8,348$6,259
12 years$11,945$10,567$9,329$8,222$7,234$5,259
13 years$10,913$9,549$8,335$7,259$6,308$4,443
14 years$10,029$8,680$7,489$6,443$5,530$3,770
15 years$9,264$7,929$6,762$5,746$4,869$3,212
16 years$8,595$7,275$6,130$5,145$4,303$2,745
17 years$8,005$6,700$5,578$4,623$3,816$2,352
18 years$7,482$6,191$5,092$4,166$3,393$2,020
19 years$7,014$5,738$4,662$3,765$3,024$1,737
20 years$6,593$5,332$4,278$3,409$2,701$1,497
21 years$6,213$4,967$3,935$3,094$2,417$1,292
22 years$5,868$4,636$3,627$2,813$2,167$1,116
23 years$5,554$4,336$3,349$2,562$1,945$965
24 years$5,266$4,063$3,097$2,337$1,748$835
25 years$5,002$3,813$2,869$2,134$1,573$724
26 years$4,758$3,583$2,660$1,951$1,417$627
27 years$4,533$3,372$2,470$1,786$1,277$544
28 years$4,324$3,178$2,297$1,637$1,153$472
29 years$4,130$2,998$2,137$1,501$1,041$410
30 years$3,949$2,831$1,991$1,377$940$356
31 years$3,780$2,676$1,856$1,265$850$309
32 years$3,622$2,532$1,732$1,163$769$268
33 years$3,474$2,398$1,617$1,069$696$233
34 years$3,335$2,273$1,511$984$630$203
35 years$3,204$2,156$1,412$905$571$176
36 years$3,081$2,046$1,321$834$517$153
37 years$2,965$1,943$1,237$768$469$133
38 years$2,855$1,847$1,158$708$425$116
39 years$2,751$1,756$1,085$653$385$101
40 years$2,652$1,671$1,017$602$350$88
41 years$2,559$1,591$954$556$317$76
42 years$2,470$1,515$894$513$288$66
43 years$2,385$1,443$839$473$261$58
44 years$2,305$1,376$788$437$237$50
45 years$2,228$1,312$740$404$215$44
46 years$2,155$1,251$695$373$195$38
47 years$2,086$1,194$653$345$177$33
48 years$2,019$1,140$613$318$161$29
49 years$1,955$1,089$577$294$146$25
50 years$1,894$1,040$542$272$133$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,940,000, adding $5,254 every year, while hoping to spend $52,010 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: 45/27/28 Blend
41$1,940,000$1,940,000$1,940,000$1,940,000
42$2,143,300$2,040,480$2,010,410$2,222,188
43$2,306,578$2,085,125$2,022,420$2,323,441
44$2,484,767$2,130,214$2,033,090$2,427,783
45$2,679,334$2,175,716$2,042,319$2,539,950
46$2,891,892$2,221,591$2,050,002$2,660,701
47$3,124,218$2,267,802$2,056,030$2,790,875
48$3,378,267$2,314,304$2,060,286$2,931,396
49$3,656,194$2,361,048$2,062,650$3,083,283
50$3,960,370$2,407,984$2,062,993$3,247,660
51$4,293,406$2,455,053$2,061,181$3,425,768
52$4,658,178$2,502,195$2,057,075$3,618,976
53$5,057,852$2,549,343$2,050,527$3,828,790
54$5,495,916$2,596,423$2,041,382$4,056,878
55$5,976,210$2,643,359$2,029,480$4,305,073
56$6,502,966$2,690,066$2,014,649$4,575,401
57$7,080,841$2,736,452$1,996,713$4,870,096
58$7,714,969$2,782,420$1,975,485$5,191,621
59$8,411,003$2,827,865$1,950,770$5,542,693
60$9,175,168$2,872,674$1,922,364$5,926,310
61$10,014,325$2,916,725$1,890,053$6,345,777
62$10,936,030$2,959,888$1,853,614$6,804,740
63$11,948,606$3,002,024$1,812,811$7,307,218
64$13,061,224$3,042,983$1,767,400$7,857,647
65$14,283,986$3,082,606$1,717,125$8,460,917
66$15,628,020$3,120,721$1,661,716$9,122,421
67$17,105,589$3,157,147$1,600,894$9,848,108
68$18,730,200$3,191,688$1,534,365$10,644,535
69$20,516,736$3,224,137$1,461,823$11,518,935
70$22,481,595$3,254,272$1,382,946$12,479,286
71$24,642,842$3,281,856$1,297,399$13,534,381
72$27,020,383$3,306,637$1,204,832$14,693,920
73$29,636,147$3,328,348$1,104,880$15,968,596
74$32,514,300$3,346,703$997,159$17,370,201
75$35,681,465$3,361,397$881,270$18,911,737
76$39,166,978$3,372,110$756,796$20,607,539
77$43,003,163$3,378,496$623,302$22,473,414
78$47,225,635$3,380,192$480,332$24,526,788
79$51,873,638$3,376,809$327,411$26,786,876
80$56,990,413$3,367,937$164,043$29,274,861
81$62,623,607$3,353,138$0$32,014,099
82$68,825,723$3,331,950$0$35,033,415
83$75,654,612$3,303,880$0$38,410,620
84$83,174,020$3,268,408$0$42,128,116
85$91,454,191$3,224,981$0$46,220,580
86$100,572,527$3,173,013$0$50,726,228
87$110,614,318$3,111,885$0$55,687,177
88$121,673,549$3,040,937$0$61,149,849
89$133,853,783$2,959,476$0$67,165,400
90$147,269,142$2,866,762$0$73,790,214
91$162,045,378$2,762,018$0$81,086,429
92$178,321,067$2,644,417$0$89,122,528
93$196,248,908$2,513,085$0$97,973,988
94$215,997,170$2,367,100$0$107,723,989
95$237,751,278$2,205,484$0$118,464,204
96$261,715,560$2,027,205$0$130,295,665
97$288,115,178$1,831,170$0$143,329,721
98$317,198,254$1,616,225$0$157,689,085
99$349,238,207$1,381,150$0$173,508,997
100$384,536,335$1,124,657$0$190,938,506