Can I retire at age 42 with 1,990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$164,332$162,869$161,440$160,046$158,685$157,290
2 years$81,353$79,838$78,369$76,945$75,564$74,158
3 years$53,696$52,175$50,710$49,300$47,941$46,568
4 years$39,871$38,354$36,904$35,518$34,192$32,862
5 years$31,578$30,070$28,639$27,281$25,992$24,710
6 years$26,051$24,554$23,145$21,817$20,567$19,333
7 years$22,105$20,621$19,233$17,937$16,726$15,542
8 years$19,146$17,676$16,311$15,047$13,876$12,742
9 years$16,847$15,390$14,049$12,816$11,686$10,600
10 years$15,008$13,565$12,248$11,048$9,957$8,920
11 years$13,504$12,077$10,783$9,615$8,563$7,574
12 years$12,253$10,839$9,570$8,434$7,421$6,478
13 years$11,194$9,796$8,550$7,446$6,471$5,574
14 years$10,288$8,904$7,682$6,609$5,672$4,820
15 years$9,503$8,134$6,936$5,894$4,994$4,185
16 years$8,816$7,463$6,288$5,278$4,414$3,647
17 years$8,212$6,873$5,722$4,742$3,914$3,187
18 years$7,675$6,351$5,224$4,274$3,480$2,793
19 years$7,195$5,886$4,782$3,862$3,102$2,453
20 years$6,763$5,469$4,389$3,497$2,771$2,158
21 years$6,374$5,095$4,037$3,174$2,479$1,902
22 years$6,020$4,756$3,720$2,886$2,222$1,678
23 years$5,697$4,448$3,435$2,628$1,995$1,483
24 years$5,402$4,167$3,177$2,397$1,793$1,312
25 years$5,131$3,911$2,943$2,189$1,614$1,162
26 years$4,881$3,676$2,729$2,002$1,453$1,029
27 years$4,649$3,459$2,534$1,832$1,310$913
28 years$4,435$3,259$2,356$1,679$1,182$810
29 years$4,236$3,075$2,192$1,539$1,068$720
30 years$4,051$2,904$2,042$1,413$965$639
31 years$3,878$2,745$1,904$1,298$872$568
32 years$3,716$2,598$1,776$1,192$789$505
33 years$3,564$2,460$1,658$1,097$714$449
34 years$3,421$2,331$1,550$1,009$646$400
35 years$3,287$2,211$1,449$929$586$356
36 years$3,161$2,099$1,355$855$530$317
37 years$3,041$1,993$1,269$788$481$282
38 years$2,928$1,894$1,188$726$436$251
39 years$2,822$1,801$1,113$670$395$224
40 years$2,721$1,714$1,043$618$359$199
41 years$2,625$1,632$978$570$325$178
42 years$2,534$1,554$918$526$295$158
43 years$2,447$1,480$861$486$268$141
44 years$2,364$1,411$808$448$243$126
45 years$2,286$1,346$759$414$221$112
46 years$2,211$1,284$713$382$200$100
47 years$2,139$1,225$670$353$182$89
48 years$2,071$1,170$629$327$165$79
49 years$2,006$1,117$591$302$150$71
50 years$1,943$1,067$556$279$136$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,990,000, adding $4,066 every year, while hoping to spend $59,205 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: 40/30/30 Blend
41$1,990,000$1,990,000$1,990,000$1,990,000
42$2,197,174$2,091,704$2,060,859$2,265,468
43$2,358,292$2,131,204$2,066,904$2,355,198
44$2,533,860$2,170,655$2,071,168$2,446,455
45$2,725,289$2,209,992$2,073,527$2,544,082
46$2,934,132$2,249,146$2,073,854$2,648,702
47$3,162,100$2,288,040$2,072,014$2,761,003
48$3,411,074$2,326,594$2,067,867$2,881,744
49$3,683,126$2,364,720$2,061,263$3,011,768
50$3,980,538$2,402,323$2,052,047$3,152,000
51$4,305,820$2,439,304$2,040,058$3,303,466
52$4,661,737$2,475,554$2,025,124$3,467,299
53$5,051,335$2,510,957$2,007,067$3,644,748
54$5,477,966$2,545,389$1,985,698$3,837,195
55$5,945,323$2,578,717$1,960,823$4,046,165
56$6,457,471$2,610,799$1,932,235$4,273,341
57$7,018,888$2,641,483$1,899,721$4,520,583
58$7,634,506$2,670,608$1,863,053$4,789,946
59$8,309,758$2,698,000$1,821,998$5,083,695
60$9,050,627$2,723,476$1,776,308$5,404,334
61$9,863,702$2,746,837$1,725,726$5,754,627
62$10,756,243$2,767,875$1,669,981$6,137,624
63$11,736,246$2,786,368$1,608,792$6,556,691
64$12,812,520$2,802,077$1,541,863$7,015,547
65$13,994,768$2,814,749$1,468,886$7,518,293
66$15,293,679$2,824,117$1,389,539$8,069,456
67$16,721,030$2,829,894$1,303,484$8,674,035
68$18,289,793$2,831,777$1,210,369$9,337,542
69$20,014,262$2,829,444$1,109,826$10,066,063
70$21,910,182$2,822,552$1,001,470$10,866,311
71$23,994,902$2,810,738$884,901$11,745,696
72$26,287,534$2,793,617$759,697$12,712,391
73$28,809,137$2,770,779$625,422$13,775,414
74$31,582,913$2,741,790$481,617$14,944,714
75$34,634,423$2,706,191$327,804$16,231,268
76$37,991,835$2,663,495$163,486$17,647,182
77$41,686,180$2,613,184$0$19,205,813
78$45,751,653$2,554,713$0$20,925,693
79$50,225,928$2,487,501$0$22,875,366
80$55,150,520$2,410,935$0$25,020,548
81$60,571,168$2,324,366$0$27,381,198
82$66,538,274$2,227,107$0$29,979,315
83$73,107,374$2,118,431$0$32,839,148
84$80,339,661$1,997,569$0$35,987,427
85$88,302,565$1,863,708$0$39,453,619
86$97,070,385$1,715,988$0$43,270,201
87$106,724,992$1,553,500$0$47,472,976
88$117,356,603$1,375,283$0$52,101,406
89$129,064,626$1,180,321$0$57,198,990
90$141,958,603$967,543$0$62,813,673
91$156,159,242$735,814$0$68,998,305
92$171,799,554$483,937$0$75,811,139
93$189,026,107$210,649$0$83,316,382
94$208,000,413$0$0$91,584,806
95$228,900,447$0$0$100,722,606
96$251,922,332$0$0$110,865,086
97$277,282,180$0$0$122,037,966
98$305,218,142$0$0$134,346,215
99$335,992,648$0$0$147,905,508
100$369,894,884$0$0$162,843,312