Can I retire at age 42 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$161,855$160,413$159,007$157,634$156,293$151,411
2 years$80,126$78,634$77,188$75,785$74,425$69,550
3 years$52,887$51,388$49,946$48,556$47,218$42,503
4 years$39,270$37,776$36,348$34,982$33,677$29,158
5 years$31,102$29,617$28,207$26,870$25,600$21,290
6 years$25,658$24,184$22,796$21,488$20,257$16,158
7 years$21,771$20,310$18,943$17,666$16,474$12,587
8 years$18,858$17,409$16,065$14,820$13,667$9,988
9 years$16,593$15,158$13,837$12,623$11,510$8,036
10 years$14,782$13,361$12,064$10,881$9,807$6,533
11 years$13,301$11,894$10,621$9,470$8,434$5,354
12 years$12,068$10,676$9,425$8,307$7,309$4,416
13 years$11,025$9,648$8,421$7,333$6,373$3,661
14 years$10,132$8,770$7,566$6,510$5,587$3,048
15 years$9,359$8,011$6,831$5,806$4,919$2,546
16 years$8,684$7,350$6,194$5,198$4,348$2,133
17 years$8,088$6,769$5,636$4,671$3,855$1,791
18 years$7,559$6,255$5,145$4,209$3,428$1,506
19 years$7,086$5,797$4,710$3,803$3,055$1,269
20 years$6,661$5,387$4,323$3,445$2,729$1,071
21 years$6,278$5,018$3,976$3,126$2,442$904
22 years$5,929$4,684$3,664$2,842$2,189$764
23 years$5,611$4,381$3,383$2,589$1,965$647
24 years$5,320$4,104$3,129$2,361$1,766$547
25 years$5,053$3,852$2,898$2,156$1,589$464
26 years$4,807$3,620$2,688$1,972$1,431$393
27 years$4,579$3,407$2,496$1,805$1,291$333
28 years$4,368$3,210$2,320$1,653$1,165$282
29 years$4,172$3,029$2,159$1,516$1,052$240
30 years$3,990$2,860$2,011$1,392$950$203
31 years$3,819$2,704$1,875$1,278$859$173
32 years$3,660$2,558$1,749$1,174$777$146
33 years$3,510$2,423$1,633$1,080$703$124
34 years$3,370$2,296$1,526$994$637$106
35 years$3,237$2,178$1,427$915$577$90
36 years$3,113$2,067$1,335$843$522$76
37 years$2,995$1,963$1,249$776$474$65
38 years$2,884$1,866$1,170$715$429$55
39 years$2,779$1,774$1,096$660$389$47
40 years$2,680$1,688$1,027$608$353$40
41 years$2,585$1,607$963$561$320$34
42 years$2,495$1,530$904$518$291$29
43 years$2,410$1,458$848$478$264$24
44 years$2,329$1,390$796$442$239$21
45 years$2,251$1,325$747$408$217$18
46 years$2,178$1,264$702$377$197$15
47 years$2,107$1,207$660$348$179$13
48 years$2,040$1,152$620$322$163$11
49 years$1,975$1,100$583$297$148$9
50 years$1,914$1,051$548$275$134$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,960,000, adding $3,558 every year, while hoping to spend $57,673 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: 56/28/16 Blend
41$1,960,000$1,960,000$1,960,000$1,960,000
42$2,163,590$2,059,710$2,029,330$2,275,463
43$2,322,913$2,099,272$2,035,949$2,391,455
44$2,496,553$2,138,840$2,040,857$2,511,192
45$2,685,911$2,178,353$2,043,935$2,640,315
46$2,892,527$2,217,745$2,045,060$2,779,735
47$3,118,096$2,256,946$2,044,101$2,930,456
48$3,364,485$2,295,880$2,040,921$3,093,584
49$3,633,749$2,334,464$2,035,378$3,270,340
50$3,928,149$2,372,610$2,027,321$3,462,070
51$4,250,176$2,410,224$2,016,593$3,670,256
52$4,602,573$2,447,204$2,003,027$3,896,535
53$4,988,359$2,483,441$1,986,452$4,142,708
54$5,410,860$2,518,817$1,966,686$4,410,765
55$5,873,736$2,553,208$1,943,539$4,702,896
56$6,381,022$2,586,479$1,916,812$5,021,519
57$6,937,157$2,618,488$1,886,297$5,369,297
58$7,547,035$2,649,082$1,851,775$5,749,170
59$8,216,042$2,678,097$1,813,020$6,164,376
60$8,950,114$2,705,358$1,769,790$6,618,487
61$9,755,785$2,730,681$1,721,838$7,115,441
62$10,640,257$2,753,866$1,668,902$7,659,580
63$11,611,461$2,774,703$1,610,707$8,255,691
64$12,678,133$2,792,966$1,546,969$8,909,055
65$13,849,898$2,808,417$1,477,388$9,625,489
66$15,137,359$2,820,801$1,401,652$10,411,412
67$16,552,196$2,829,847$1,319,434$11,273,899
68$18,107,278$2,835,268$1,230,393$12,220,749
69$19,816,781$2,836,756$1,134,172$13,260,564
70$21,696,324$2,833,989$1,030,398$14,402,824
71$23,763,115$2,826,620$918,682$15,657,985
72$26,036,112$2,814,283$798,617$17,037,570
73$28,536,203$2,796,591$669,779$18,554,287
74$31,286,402$2,773,131$531,723$20,222,144
75$34,312,066$2,743,465$383,987$22,056,584
76$37,641,133$2,707,131$226,086$24,074,633
77$41,304,386$2,663,638$57,518$26,295,060
78$45,335,742$2,612,465$0$28,738,556
79$49,772,573$2,553,061$0$31,448,825
80$54,656,057$2,484,843$0$34,441,958
81$60,031,568$2,407,192$0$37,735,942
82$65,949,098$2,319,456$0$41,361,439
83$72,463,738$2,220,941$0$45,352,240
84$79,636,188$2,110,916$0$49,745,590
85$87,533,334$1,988,605$0$54,582,537
86$96,228,878$1,853,190$0$59,908,323
87$105,804,032$1,703,806$0$65,772,811
88$116,348,286$1,539,535$0$72,230,956
89$127,960,250$1,359,410$0$79,343,329
90$140,748,583$1,162,410$0$87,176,685
91$154,833,023$947,452$0$95,804,597
92$170,345,510$713,396$0$105,308,152
93$187,431,436$459,036$0$115,776,721
94$206,251,013$183,100$0$127,308,797
95$226,980,786$0$0$140,012,936
96$249,815,300$0$0$154,044,443
97$274,968,932$0$0$169,563,423
98$302,677,917$0$0$186,659,241
99$333,202,576$0$0$205,492,545
100$366,829,773$0$0$226,240,358