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%18.7%
1 years$160,203$158,776$157,384$156,025$154,698$149,269
2 years$79,309$77,832$76,400$75,012$73,666$68,253
3 years$52,347$50,864$49,436$48,061$46,737$41,510
4 years$38,869$37,390$35,977$34,625$33,333$28,333
5 years$30,784$29,314$27,919$26,596$25,339$20,579
6 years$25,396$23,937$22,563$21,269$20,050$15,533
7 years$21,549$20,103$18,750$17,486$16,306$12,031
8 years$18,665$17,232$15,901$14,669$13,527$9,491
9 years$16,423$15,003$13,696$12,494$11,392$7,589
10 years$14,631$13,225$11,940$10,770$9,707$6,131
11 years$13,165$11,773$10,512$9,373$8,348$4,992
12 years$11,945$10,567$9,329$8,222$7,234$4,091
13 years$10,913$9,549$8,335$7,259$6,308$3,368
14 years$10,029$8,680$7,489$6,443$5,530$2,785
15 years$9,264$7,929$6,762$5,746$4,869$2,310
16 years$8,595$7,275$6,130$5,145$4,303$1,921
17 years$8,005$6,700$5,578$4,623$3,816$1,601
18 years$7,482$6,191$5,092$4,166$3,393$1,337
19 years$7,014$5,738$4,662$3,765$3,024$1,118
20 years$6,593$5,332$4,278$3,409$2,701$936
21 years$6,213$4,967$3,935$3,094$2,417$784
22 years$5,868$4,636$3,627$2,813$2,167$658
23 years$5,554$4,336$3,349$2,562$1,945$552
24 years$5,266$4,063$3,097$2,337$1,748$464
25 years$5,002$3,813$2,869$2,134$1,573$390
26 years$4,758$3,583$2,660$1,951$1,417$327
27 years$4,533$3,372$2,470$1,786$1,277$275
28 years$4,324$3,178$2,297$1,637$1,153$232
29 years$4,130$2,998$2,137$1,501$1,041$195
30 years$3,949$2,831$1,991$1,377$940$164
31 years$3,780$2,676$1,856$1,265$850$138
32 years$3,622$2,532$1,732$1,163$769$116
33 years$3,474$2,398$1,617$1,069$696$98
34 years$3,335$2,273$1,511$984$630$82
35 years$3,204$2,156$1,412$905$571$69
36 years$3,081$2,046$1,321$834$517$58
37 years$2,965$1,943$1,237$768$469$49
38 years$2,855$1,847$1,158$708$425$41
39 years$2,751$1,756$1,085$653$385$35
40 years$2,652$1,671$1,017$602$350$29
41 years$2,559$1,591$954$556$317$25
42 years$2,470$1,515$894$513$288$21
43 years$2,385$1,443$839$473$261$18
44 years$2,305$1,376$788$437$237$15
45 years$2,228$1,312$740$404$215$12
46 years$2,155$1,251$695$373$195$11
47 years$2,086$1,194$653$345$177$9
48 years$2,019$1,140$613$318$161$7
49 years$1,955$1,089$577$294$146$6
50 years$1,894$1,040$542$272$133$5

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 $5,882 every year, while hoping to spend $22,833 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: 43/27/30 Blend
41$1,940,000$1,940,000$1,940,000$1,940,000
42$2,143,947$2,041,127$2,011,057$2,217,160
43$2,338,336$2,116,848$2,054,134$2,346,114
44$2,551,787$2,195,515$2,097,888$2,483,158
45$2,786,220$2,277,246$2,142,318$2,631,224
46$3,043,752$2,362,168$2,187,423$2,791,350
47$3,326,711$2,450,411$2,233,199$2,964,675
48$3,637,667$2,542,112$2,279,641$3,152,455
49$3,979,446$2,637,413$2,326,747$3,356,067
50$4,355,165$2,736,462$2,374,508$3,577,029
51$4,768,256$2,839,413$2,422,918$3,817,009
52$5,222,502$2,946,428$2,471,970$4,077,842
53$5,722,069$3,057,675$2,521,653$4,361,548
54$6,271,549$3,173,329$2,571,957$4,670,348
55$6,875,999$3,293,575$2,622,870$5,006,687
56$7,540,993$3,418,602$2,674,378$5,373,257
57$8,272,670$3,548,610$2,726,466$5,773,019
58$9,077,798$3,683,807$2,779,118$6,209,233
59$9,963,830$3,824,410$2,832,315$6,685,487
60$10,938,980$3,970,646$2,886,037$7,205,731
61$12,012,300$4,122,751$2,940,263$7,774,314
62$13,193,760$4,280,971$2,994,967$8,396,025
63$14,494,350$4,445,565$3,050,125$9,076,134
64$15,926,177$4,616,801$3,105,707$9,820,448
65$17,502,582$4,794,960$3,161,684$10,635,357
66$19,238,267$4,980,334$3,218,022$11,527,902
67$21,149,430$5,173,231$3,274,686$12,505,833
68$23,253,921$5,373,968$3,331,636$13,577,687
69$25,571,408$5,582,879$3,388,833$14,752,867
70$28,123,565$5,800,313$3,446,232$16,041,728
71$30,934,273$6,026,634$3,503,786$17,455,674
72$34,029,851$6,262,220$3,561,445$19,007,269
73$37,439,296$6,507,470$3,619,153$20,710,350
74$41,194,564$6,762,796$3,676,855$22,580,157
75$45,330,868$7,028,631$3,734,488$24,633,483
76$49,887,010$7,305,428$3,791,987$26,888,820
77$54,905,749$7,593,658$3,849,283$29,366,542
78$60,434,203$7,893,815$3,906,302$32,089,095
79$66,524,294$8,206,413$3,962,964$35,081,203
80$73,233,236$8,531,992$4,019,188$38,370,105
81$80,624,080$8,871,113$4,074,885$41,985,810
82$88,766,303$9,224,365$4,129,960$45,961,379
83$97,736,467$9,592,360$4,184,315$50,333,233
84$107,618,943$9,975,742$4,237,846$55,141,503
85$118,506,701$10,375,179$4,290,440$60,430,399
86$130,502,196$10,791,374$4,341,981$66,248,632
87$143,718,327$11,225,059$4,392,344$72,649,871
88$158,279,509$11,676,999$4,441,400$79,693,246
89$174,322,840$12,147,993$4,489,008$87,443,907
90$191,999,405$12,638,880$4,535,025$95,973,640
91$211,475,692$13,150,533$4,579,296$105,361,535
92$232,935,169$13,683,865$4,621,659$115,694,741
93$256,580,014$14,239,833$4,661,943$127,069,279
94$282,633,026$14,819,435$4,699,968$139,590,952
95$311,339,723$15,423,716$4,735,546$153,376,339
96$342,970,665$16,053,768$4,768,476$168,553,894
97$377,824,003$16,710,732$4,798,550$185,265,159
98$416,228,296$17,395,803$4,825,547$203,666,095
99$458,545,614$18,110,230$4,849,234$223,928,553
100$505,174,953$18,855,317$4,869,370$246,241,898