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%
1 years$160,203$158,776$157,384$156,025$154,698$152,136
2 years$79,309$77,832$76,400$75,012$73,666$71,091
3 years$52,347$50,864$49,436$48,061$46,737$44,231
4 years$38,869$37,390$35,977$34,625$33,333$30,915
5 years$30,784$29,314$27,919$26,596$25,339$23,016
6 years$25,396$23,937$22,563$21,269$20,050$17,824
7 years$21,549$20,103$18,750$17,486$16,306$14,178
8 years$18,665$17,232$15,901$14,669$13,527$11,497
9 years$16,423$15,003$13,696$12,494$11,392$9,458
10 years$14,631$13,225$11,940$10,770$9,707$7,867
11 years$13,165$11,773$10,512$9,373$8,348$6,602
12 years$11,945$10,567$9,329$8,222$7,234$5,579
13 years$10,913$9,549$8,335$7,259$6,308$4,741
14 years$10,029$8,680$7,489$6,443$5,530$4,048
15 years$9,264$7,929$6,762$5,746$4,869$3,470
16 years$8,595$7,275$6,130$5,145$4,303$2,984
17 years$8,005$6,700$5,578$4,623$3,816$2,573
18 years$7,482$6,191$5,092$4,166$3,393$2,224
19 years$7,014$5,738$4,662$3,765$3,024$1,927
20 years$6,593$5,332$4,278$3,409$2,701$1,671
21 years$6,213$4,967$3,935$3,094$2,417$1,452
22 years$5,868$4,636$3,627$2,813$2,167$1,263
23 years$5,554$4,336$3,349$2,562$1,945$1,100
24 years$5,266$4,063$3,097$2,337$1,748$959
25 years$5,002$3,813$2,869$2,134$1,573$837
26 years$4,758$3,583$2,660$1,951$1,417$730
27 years$4,533$3,372$2,470$1,786$1,277$638
28 years$4,324$3,178$2,297$1,637$1,153$557
29 years$4,130$2,998$2,137$1,501$1,041$487
30 years$3,949$2,831$1,991$1,377$940$426
31 years$3,780$2,676$1,856$1,265$850$373
32 years$3,622$2,532$1,732$1,163$769$327
33 years$3,474$2,398$1,617$1,069$696$286
34 years$3,335$2,273$1,511$984$630$250
35 years$3,204$2,156$1,412$905$571$219
36 years$3,081$2,046$1,321$834$517$192
37 years$2,965$1,943$1,237$768$469$168
38 years$2,855$1,847$1,158$708$425$148
39 years$2,751$1,756$1,085$653$385$129
40 years$2,652$1,671$1,017$602$350$113
41 years$2,559$1,591$954$556$317$99
42 years$2,470$1,515$894$513$288$87
43 years$2,385$1,443$839$473$261$76
44 years$2,305$1,376$788$437$237$67
45 years$2,228$1,312$740$404$215$59
46 years$2,155$1,251$695$373$195$51
47 years$2,086$1,194$653$345$177$45
48 years$2,019$1,140$613$318$161$40
49 years$1,955$1,089$577$294$146$35
50 years$1,894$1,040$542$272$133$30

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 $5,437 every year, while hoping to spend $37,084 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: 72/7/21 Blend
41$1,940,000$1,940,000$1,940,000$1,940,000
42$2,143,488$2,040,668$2,010,598$2,286,475
43$2,322,667$2,101,204$2,038,496$2,442,924
44$2,518,879$2,163,463$2,066,086$2,609,270
45$2,733,823$2,227,491$2,093,318$2,790,535
46$2,969,368$2,293,333$2,120,139$2,988,193
47$3,227,575$2,361,038$2,146,495$3,203,871
48$3,510,712$2,430,653$2,172,327$3,439,359
49$3,821,278$2,502,228$2,197,573$3,696,631
50$4,162,024$2,575,813$2,222,168$3,977,860
51$4,535,982$2,651,460$2,246,042$4,285,439
52$4,946,491$2,729,220$2,269,123$4,622,006
53$5,397,229$2,809,147$2,291,335$4,990,467
54$5,892,247$2,891,296$2,312,595$5,394,023
55$6,436,009$2,975,723$2,332,820$5,836,201
56$7,033,431$3,062,482$2,351,919$6,320,887
57$7,689,930$3,151,633$2,369,797$6,852,362
58$8,411,473$3,243,234$2,386,356$7,435,344
59$9,204,635$3,337,343$2,401,490$8,075,032
60$10,076,658$3,434,023$2,415,090$8,777,152
61$11,035,521$3,533,334$2,427,040$9,548,015
62$12,090,016$3,635,340$2,437,217$10,394,575
63$13,249,829$3,740,103$2,445,496$11,324,494
64$14,525,632$3,847,688$2,451,740$12,346,217
65$15,929,183$3,958,162$2,455,810$13,469,045
66$17,473,437$4,071,589$2,457,557$14,703,233
67$19,172,669$4,188,038$2,456,826$16,060,076
68$21,042,606$4,307,576$2,453,455$17,552,024
69$23,100,577$4,430,274$2,447,271$19,192,796
70$25,365,678$4,556,199$2,438,097$20,997,506
71$27,858,948$4,685,423$2,425,744$22,982,815
72$30,603,569$4,818,018$2,410,015$25,167,079
73$33,625,087$4,954,054$2,390,704$27,570,526
74$36,951,648$5,093,605$2,367,594$30,215,449
75$40,614,267$5,236,743$2,340,460$33,126,412
76$44,647,121$5,383,541$2,309,064$36,330,485
77$49,087,866$5,534,074$2,273,157$39,857,501
78$53,978,000$5,688,416$2,232,479$43,740,333
79$59,363,248$5,846,640$2,186,759$48,015,209
80$65,293,995$6,008,820$2,135,711$52,722,049
81$71,825,762$6,175,033$2,079,037$57,904,847
82$79,019,731$6,345,350$2,016,426$63,612,087
83$86,943,318$6,519,847$1,947,551$69,897,192
84$95,670,814$6,698,597$1,872,071$76,819,041
85$105,284,082$6,881,673$1,789,630$84,442,515
86$115,873,331$7,069,148$1,699,855$92,839,114
87$127,537,967$7,261,092$1,602,356$102,087,632
88$140,387,530$7,457,576$1,496,726$112,274,901
89$154,542,731$7,658,670$1,382,539$123,496,608
90$170,136,586$7,864,441$1,259,351$135,858,204
91$187,315,675$8,074,956$1,126,696$149,475,896
92$206,241,523$8,290,278$984,090$164,477,743
93$227,092,127$8,510,470$831,025$181,004,871
94$250,063,632$8,735,592$666,973$199,212,800
95$275,372,186$8,965,700$491,381$219,272,913
96$303,255,978$9,200,848$303,671$241,374,080
97$333,977,485$9,441,087$103,241$265,724,433
98$367,825,952$9,686,464$0$292,553,338
99$405,120,120$9,937,021$0$322,138,352
100$446,211,234$10,192,797$0$354,759,528