Can I retire at age 42 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$161,029$159,595$158,195$156,829$155,496$153,616
2 years$79,717$78,233$76,794$75,399$74,046$72,154
3 years$52,617$51,126$49,691$48,309$46,978$45,133
4 years$39,070$37,583$36,162$34,804$33,505$31,721
5 years$30,943$29,466$28,063$26,733$25,470$23,752
6 years$25,527$24,061$22,679$21,378$20,153$18,504
7 years$21,660$20,206$18,847$17,576$16,390$14,810
8 years$18,761$17,320$15,983$14,744$13,597$12,086
9 years$16,508$15,081$13,767$12,559$11,451$10,007
10 years$14,706$13,293$12,002$10,826$9,757$8,380
11 years$13,233$11,834$10,566$9,422$8,391$7,081
12 years$12,006$10,621$9,377$8,264$7,271$6,026
13 years$10,969$9,599$8,378$7,296$6,341$5,158
14 years$10,081$8,725$7,528$6,477$5,558$4,437
15 years$9,312$7,970$6,797$5,776$4,894$3,832
16 years$8,639$7,313$6,162$5,172$4,325$3,321
17 years$8,047$6,735$5,607$4,647$3,835$2,886
18 years$7,520$6,223$5,119$4,188$3,410$2,514
19 years$7,050$5,768$4,686$3,784$3,039$2,195
20 years$6,627$5,359$4,300$3,427$2,715$1,920
21 years$6,245$4,992$3,956$3,110$2,430$1,682
22 years$5,899$4,660$3,646$2,828$2,178$1,476
23 years$5,583$4,358$3,366$2,575$1,955$1,296
24 years$5,293$4,084$3,113$2,349$1,757$1,139
25 years$5,027$3,832$2,883$2,145$1,581$1,003
26 years$4,782$3,602$2,674$1,961$1,424$883
27 years$4,556$3,390$2,483$1,795$1,284$778
28 years$4,346$3,194$2,308$1,645$1,159$686
29 years$4,151$3,013$2,148$1,508$1,046$605
30 years$3,969$2,846$2,001$1,384$945$534
31 years$3,800$2,690$1,865$1,271$855$472
32 years$3,641$2,545$1,741$1,169$773$417
33 years$3,492$2,410$1,625$1,075$700$368
34 years$3,352$2,285$1,518$989$633$325
35 years$3,221$2,167$1,420$910$574$288
36 years$3,097$2,057$1,328$838$520$254
37 years$2,980$1,953$1,243$772$471$225
38 years$2,870$1,856$1,164$712$427$199
39 years$2,765$1,765$1,091$656$387$176
40 years$2,666$1,679$1,022$605$351$156
41 years$2,572$1,599$958$559$319$138
42 years$2,483$1,523$899$515$289$122
43 years$2,398$1,451$844$476$262$108
44 years$2,317$1,383$792$439$238$96
45 years$2,240$1,319$744$406$216$85
46 years$2,166$1,258$698$375$196$75
47 years$2,096$1,200$656$346$178$66
48 years$2,029$1,146$617$320$162$59
49 years$1,965$1,094$580$296$147$52
50 years$1,904$1,045$545$273$134$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,950,000, adding $4,604 every year, while hoping to spend $46,842 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: 56/29/15 Blend
41$1,950,000$1,950,000$1,950,000$1,950,000
42$2,153,649$2,050,299$2,020,074$2,265,581
43$2,323,482$2,100,924$2,037,907$2,392,721
44$2,509,067$2,152,460$2,054,767$2,525,661
45$2,711,963$2,204,902$2,070,573$2,669,400
46$2,933,884$2,258,243$2,085,238$2,824,979
47$3,176,718$2,312,474$2,098,671$2,993,549
48$3,442,544$2,367,586$2,110,777$3,176,373
49$3,733,650$2,423,565$2,121,455$3,374,845
50$4,052,559$2,480,395$2,130,600$3,590,501
51$4,402,045$2,538,060$2,138,101$3,825,030
52$4,785,167$2,596,538$2,143,841$4,080,295
53$5,205,292$2,655,807$2,147,697$4,358,349
54$5,666,130$2,715,839$2,149,542$4,661,453
55$6,171,764$2,776,604$2,149,241$4,992,097
56$6,726,695$2,838,068$2,146,652$5,353,027
57$7,335,879$2,900,195$2,141,626$5,747,266
58$8,004,777$2,962,943$2,134,009$6,178,149
59$8,739,402$3,026,265$2,123,636$6,649,347
60$9,546,381$3,090,112$2,110,337$7,164,908
61$10,433,011$3,154,427$2,093,933$7,729,291
62$11,407,334$3,219,150$2,074,236$8,347,410
63$12,478,208$3,284,214$2,051,049$9,024,683
64$13,655,392$3,349,547$2,024,165$9,767,077
65$14,949,638$3,415,070$1,993,370$10,581,170
66$16,372,790$3,480,698$1,958,438$11,474,212
67$17,937,900$3,546,338$1,919,131$12,454,192
68$19,659,347$3,611,889$1,875,202$13,529,915
69$21,552,972$3,677,243$1,826,393$14,711,084
70$23,636,231$3,742,284$1,772,433$16,008,394
71$25,928,354$3,806,884$1,713,038$17,433,631
72$28,450,534$3,870,909$1,647,912$18,999,785
73$31,226,116$3,934,211$1,576,745$20,721,171
74$34,280,827$3,996,635$1,499,213$22,613,569
75$37,643,013$4,058,011$1,414,978$24,694,367
76$41,343,906$4,118,159$1,323,686$26,982,731
77$45,417,921$4,176,886$1,224,966$29,499,782
78$49,902,980$4,233,984$1,118,433$32,268,800
79$54,840,865$4,289,231$1,003,682$35,315,440
80$60,277,621$4,342,390$880,293$38,667,980
81$66,263,979$4,393,209$747,823$42,357,583
82$72,855,844$4,441,415$605,815$46,418,594
83$80,114,818$4,486,722$453,787$50,888,868
84$88,108,778$4,528,820$291,238$55,810,123
85$96,912,523$4,567,382$117,644$61,228,337
86$106,608,474$4,602,057$0$67,194,184
87$117,287,456$4,632,475$0$73,774,333
88$129,049,548$4,658,238$0$81,040,309
89$142,005,034$4,678,924$0$89,041,193
90$156,275,442$4,694,086$0$97,851,845
91$171,994,688$4,703,247$0$107,554,762
92$189,310,339$4,705,899$0$118,240,856
93$208,385,011$4,701,506$0$130,010,317
94$229,397,898$4,689,495$0$142,973,554
95$252,546,464$4,669,261$0$157,252,241
96$278,048,308$4,640,159$0$172,980,466
97$306,143,217$4,601,508$0$190,305,999
98$337,095,426$4,552,584$0$209,391,684
99$371,196,118$4,492,618$0$230,416,981
100$408,766,164$4,420,799$0$253,579,658