Can I retire at age 42 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$162,681$161,232$159,818$158,438$157,091$152,245
2 years$80,535$79,035$77,582$76,172$74,805$69,965
3 years$53,157$51,650$50,200$48,804$47,459$42,778
4 years$39,470$37,968$36,533$35,161$33,848$29,361
5 years$31,260$29,768$28,351$27,007$25,731$21,449
6 years$25,789$24,308$22,912$21,598$20,360$16,288
7 years$21,883$20,413$19,040$17,757$16,558$12,695
8 years$18,954$17,498$16,147$14,896$13,737$10,080
9 years$16,677$15,235$13,908$12,688$11,568$8,115
10 years$14,857$13,429$12,125$10,937$9,857$6,601
11 years$13,369$11,955$10,675$9,518$8,477$5,414
12 years$12,129$10,730$9,474$8,349$7,346$4,468
13 years$11,082$9,697$8,464$7,371$6,406$3,707
14 years$10,184$8,814$7,605$6,543$5,615$3,088
15 years$9,407$8,052$6,866$5,835$4,944$2,582
16 years$8,728$7,388$6,225$5,225$4,370$2,164
17 years$8,129$6,804$5,665$4,694$3,875$1,818
18 years$7,598$6,287$5,171$4,231$3,445$1,531
19 years$7,122$5,827$4,734$3,823$3,071$1,290
20 years$6,695$5,414$4,345$3,462$2,743$1,089
21 years$6,310$5,043$3,996$3,142$2,454$921
22 years$5,959$4,708$3,683$2,857$2,200$779
23 years$5,640$4,403$3,401$2,602$1,975$660
24 years$5,347$4,125$3,145$2,373$1,775$559
25 years$5,079$3,871$2,913$2,167$1,597$474
26 years$4,831$3,639$2,702$1,982$1,439$402
27 years$4,603$3,424$2,509$1,814$1,297$341
28 years$4,391$3,227$2,332$1,662$1,170$289
29 years$4,194$3,044$2,170$1,524$1,057$246
30 years$4,010$2,875$2,022$1,399$955$209
31 years$3,839$2,718$1,885$1,285$863$177
32 years$3,678$2,571$1,758$1,180$781$150
33 years$3,528$2,435$1,642$1,086$707$128
34 years$3,387$2,308$1,534$999$640$109
35 years$3,254$2,189$1,434$919$580$92
36 years$3,129$2,078$1,342$847$525$78
37 years$3,011$1,973$1,256$780$476$67
38 years$2,899$1,875$1,176$719$432$57
39 years$2,793$1,783$1,102$663$391$48
40 years$2,693$1,697$1,033$612$355$41
41 years$2,598$1,615$968$564$322$35
42 years$2,508$1,538$908$521$292$30
43 years$2,422$1,466$852$481$265$25
44 years$2,341$1,397$800$444$241$21
45 years$2,263$1,332$751$410$219$18
46 years$2,189$1,271$706$379$198$15
47 years$2,118$1,213$663$350$180$13
48 years$2,050$1,158$623$323$164$11
49 years$1,985$1,106$586$299$149$10
50 years$1,923$1,056$550$276$135$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,970,000, adding $5,221 every year, while hoping to spend $41,447 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: 49/35/16 Blend
41$1,970,000$1,970,000$1,970,000$1,970,000
42$2,176,325$2,071,915$2,041,380$2,273,048
43$2,354,211$2,129,340$2,065,667$2,397,790
44$2,548,853$2,188,189$2,089,379$2,528,520
45$2,761,914$2,248,489$2,112,452$2,669,628
46$2,995,230$2,310,266$2,134,820$2,822,101
47$3,250,820$2,373,545$2,156,412$2,987,028
48$3,530,907$2,438,352$2,177,155$3,165,607
49$3,837,941$2,504,713$2,196,971$3,359,158
50$4,174,619$2,572,652$2,215,778$3,569,133
51$4,543,912$2,642,194$2,233,489$3,797,130
52$4,949,093$2,713,363$2,250,013$4,044,911
53$5,393,766$2,786,184$2,265,254$4,314,414
54$5,881,901$2,860,678$2,279,111$4,607,777
55$6,417,872$2,936,868$2,291,478$4,927,351
56$7,006,497$3,014,777$2,302,245$5,275,727
57$7,653,083$3,094,424$2,311,293$5,655,760
58$8,363,476$3,175,829$2,318,500$6,070,593
59$9,144,117$3,259,011$2,323,736$6,523,690
60$10,002,102$3,343,988$2,326,866$7,018,867
61$10,945,248$3,430,775$2,327,747$7,560,327
62$11,982,166$3,519,386$2,326,231$8,152,701
63$13,122,347$3,609,836$2,322,159$8,801,092
64$14,376,243$3,702,134$2,315,368$9,511,123
65$15,755,372$3,796,291$2,305,685$10,288,986
66$17,272,424$3,892,313$2,292,929$11,141,509
67$18,941,380$3,990,205$2,276,911$12,076,209
68$20,777,645$4,089,970$2,257,432$13,101,376
69$22,798,194$4,191,607$2,234,285$14,226,139
70$25,021,727$4,295,113$2,207,251$15,460,559
71$27,468,851$4,400,482$2,176,101$16,815,725
72$30,162,271$4,507,703$2,140,598$18,303,854
73$33,127,005$4,616,763$2,100,491$19,938,408
74$36,390,621$4,727,645$2,055,518$21,734,224
75$39,983,491$4,840,327$2,005,405$23,707,650
76$43,939,087$4,954,783$1,949,866$25,876,703
77$48,294,288$5,070,981$1,888,601$28,261,236
78$53,089,732$5,188,886$1,821,296$30,883,128
79$58,370,198$5,308,455$1,747,623$33,766,489
80$64,185,029$5,429,640$1,667,239$36,937,890
81$70,588,597$5,552,387$1,579,786$40,426,611
82$77,640,814$5,676,634$1,484,889$44,264,920
83$85,407,702$5,802,314$1,382,157$48,488,377
84$93,962,008$5,929,348$1,271,181$53,136,169
85$103,383,900$6,057,653$1,151,532$58,251,484
86$113,761,715$6,187,135$1,022,765$63,881,913
87$125,192,795$6,317,690$884,413$70,079,905
88$137,784,408$6,449,205$735,989$76,903,260
89$151,654,757$6,581,555$576,984$84,415,677
90$166,934,096$6,714,605$406,867$92,687,353
91$183,765,960$6,848,207$225,083$101,795,648
92$202,308,519$6,982,200$31,055$111,825,816
93$222,736,069$7,116,410$0$122,871,810
94$245,240,681$7,250,646$0$135,067,220
95$270,034,006$7,384,704$0$148,503,712
96$297,349,283$7,518,362$0$163,301,840
97$327,443,529$7,651,381$0$179,600,302
98$360,599,974$7,783,504$0$197,551,939
99$397,130,729$7,914,453$0$217,325,184
100$437,379,732$8,043,930$0$239,105,645