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

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$160,203$158,776$157,384$156,025$154,698$148,560
2 years$79,309$77,832$76,400$75,012$73,666$67,558
3 years$52,347$50,864$49,436$48,061$46,737$40,851
4 years$38,869$37,390$35,977$34,625$33,333$27,715
5 years$30,784$29,314$27,919$26,596$25,339$20,003
6 years$25,396$23,937$22,563$21,269$20,050$14,999
7 years$21,549$20,103$18,750$17,486$16,306$11,538
8 years$18,665$17,232$15,901$14,669$13,527$9,037
9 years$16,423$15,003$13,696$12,494$11,392$7,174
10 years$14,631$13,225$11,940$10,770$9,707$5,751
11 years$13,165$11,773$10,512$9,373$8,348$4,647
12 years$11,945$10,567$9,329$8,222$7,234$3,777
13 years$10,913$9,549$8,335$7,259$6,308$3,085
14 years$10,029$8,680$7,489$6,443$5,530$2,529
15 years$9,264$7,929$6,762$5,746$4,869$2,080
16 years$8,595$7,275$6,130$5,145$4,303$1,714
17 years$8,005$6,700$5,578$4,623$3,816$1,416
18 years$7,482$6,191$5,092$4,166$3,393$1,172
19 years$7,014$5,738$4,662$3,765$3,024$971
20 years$6,593$5,332$4,278$3,409$2,701$805
21 years$6,213$4,967$3,935$3,094$2,417$669
22 years$5,868$4,636$3,627$2,813$2,167$556
23 years$5,554$4,336$3,349$2,562$1,945$462
24 years$5,266$4,063$3,097$2,337$1,748$384
25 years$5,002$3,813$2,869$2,134$1,573$320
26 years$4,758$3,583$2,660$1,951$1,417$266
27 years$4,533$3,372$2,470$1,786$1,277$222
28 years$4,324$3,178$2,297$1,637$1,153$185
29 years$4,130$2,998$2,137$1,501$1,041$154
30 years$3,949$2,831$1,991$1,377$940$128
31 years$3,780$2,676$1,856$1,265$850$107
32 years$3,622$2,532$1,732$1,163$769$89
33 years$3,474$2,398$1,617$1,069$696$74
34 years$3,335$2,273$1,511$984$630$62
35 years$3,204$2,156$1,412$905$571$52
36 years$3,081$2,046$1,321$834$517$43
37 years$2,965$1,943$1,237$768$469$36
38 years$2,855$1,847$1,158$708$425$30
39 years$2,751$1,756$1,085$653$385$25
40 years$2,652$1,671$1,017$602$350$21
41 years$2,559$1,591$954$556$317$17
42 years$2,470$1,515$894$513$288$14
43 years$2,385$1,443$839$473$261$12
44 years$2,305$1,376$788$437$237$10
45 years$2,228$1,312$740$404$215$8
46 years$2,155$1,251$695$373$195$7
47 years$2,086$1,194$653$345$177$6
48 years$2,019$1,140$613$318$161$5
49 years$1,955$1,089$577$294$146$4
50 years$1,894$1,040$542$272$133$3

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 $4,288 every year, while hoping to spend $25,705 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: 76/8/16 Blend
41$1,940,000$1,940,000$1,940,000$1,940,000
42$2,142,303$2,039,483$2,009,413$2,297,268
43$2,333,468$2,112,068$2,049,378$2,472,830
44$2,543,270$2,187,348$2,089,821$2,661,624
45$2,773,584$2,265,428$2,130,730$2,867,910
46$3,026,473$2,346,417$2,172,093$3,093,425
47$3,304,211$2,430,429$2,213,896$3,340,081
48$3,609,302$2,517,582$2,256,124$3,609,983
49$3,944,508$2,608,000$2,298,760$3,905,450
50$4,312,866$2,701,811$2,341,787$4,229,035
51$4,717,727$2,799,148$2,385,185$4,583,552
52$5,162,779$2,900,150$2,428,933$4,972,098
53$5,652,088$3,004,963$2,473,008$5,398,087
54$6,190,131$3,113,736$2,517,384$5,865,277
55$6,781,843$3,226,628$2,562,035$6,377,810
56$7,432,659$3,343,802$2,606,931$6,940,248
57$8,148,570$3,465,427$2,652,043$7,557,616
58$8,936,173$3,591,682$2,697,336$8,235,450
59$9,802,741$3,722,752$2,742,774$8,979,849
60$10,756,283$3,858,830$2,788,319$9,797,533
61$11,805,626$4,000,115$2,833,931$10,695,905
62$12,960,497$4,146,818$2,879,565$11,683,121
63$14,231,612$4,299,156$2,925,174$12,768,166
64$15,630,779$4,457,357$2,970,710$13,960,941
65$17,171,008$4,621,657$3,016,119$15,272,354
66$18,866,636$4,792,304$3,061,344$16,714,424
67$20,733,461$4,969,554$3,106,326$18,300,392
68$22,788,887$5,153,676$3,151,002$20,044,850
69$25,052,097$5,344,949$3,195,303$21,963,872
70$27,544,224$5,543,665$3,239,159$24,075,175
71$30,288,558$5,750,127$3,282,494$26,398,274
72$33,310,760$5,964,653$3,325,227$28,954,677
73$36,639,110$6,187,574$3,367,275$31,768,080
74$40,304,767$6,419,232$3,408,546$34,864,596
75$44,342,067$6,659,989$3,448,947$38,272,997
76$48,788,849$6,910,219$3,488,377$42,024,986
77$53,686,804$7,170,312$3,526,730$46,155,499
78$59,081,878$7,440,677$3,563,895$50,703,030
79$65,024,698$7,721,739$3,599,754$55,709,999
80$71,571,055$8,013,942$3,634,184$61,223,147
81$78,782,426$8,317,749$3,667,053$67,293,981
82$86,726,557$8,633,642$3,698,223$73,979,257
83$95,478,102$8,962,127$3,727,549$81,341,517
84$105,119,326$9,303,728$3,754,879$89,449,680
85$115,740,882$9,658,996$3,780,053$98,379,689
86$127,442,667$10,028,502$3,802,900$108,215,230
87$140,334,765$10,412,845$3,823,243$119,048,522
88$154,538,485$10,812,648$3,840,896$130,981,185
89$170,187,506$11,228,563$3,855,661$144,125,200
90$187,429,139$11,661,271$3,867,333$158,603,967
91$206,425,718$12,111,479$3,875,696$174,553,468
92$227,356,130$12,579,931$3,880,520$192,123,548
93$250,417,507$13,067,399$3,881,569$211,479,335
94$275,827,082$13,574,690$3,878,591$232,802,795
95$303,824,243$14,102,649$3,871,323$256,294,446
96$334,672,794$14,652,157$3,859,490$282,175,257
97$368,663,438$15,224,132$3,842,802$310,688,729
98$406,116,530$15,819,536$3,820,957$342,103,196
99$447,385,094$16,439,371$3,793,637$376,714,354
100$492,858,159$17,084,685$3,760,509$414,848,057