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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$164,332$162,869$161,440$160,046$158,685$154,724
2 years$81,353$79,838$78,369$76,945$75,564$71,598
3 years$53,696$52,175$50,710$49,300$47,941$44,094
4 years$39,871$38,354$36,904$35,518$34,192$30,494
5 years$31,578$30,070$28,639$27,281$25,992$22,454
6 years$26,051$24,554$23,145$21,817$20,567$17,191
7 years$22,105$20,621$19,233$17,937$16,726$13,514
8 years$19,146$17,676$16,311$15,047$13,876$10,826
9 years$16,847$15,390$14,049$12,816$11,686$8,794
10 years$15,008$13,565$12,248$11,048$9,957$7,221
11 years$13,504$12,077$10,783$9,615$8,563$5,979
12 years$12,253$10,839$9,570$8,434$7,421$4,984
13 years$11,194$9,796$8,550$7,446$6,471$4,177
14 years$10,288$8,904$7,682$6,609$5,672$3,516
15 years$9,503$8,134$6,936$5,894$4,994$2,970
16 years$8,816$7,463$6,288$5,278$4,414$2,517
17 years$8,212$6,873$5,722$4,742$3,914$2,138
18 years$7,675$6,351$5,224$4,274$3,480$1,820
19 years$7,195$5,886$4,782$3,862$3,102$1,552
20 years$6,763$5,469$4,389$3,497$2,771$1,325
21 years$6,374$5,095$4,037$3,174$2,479$1,133
22 years$6,020$4,756$3,720$2,886$2,222$970
23 years$5,697$4,448$3,435$2,628$1,995$831
24 years$5,402$4,167$3,177$2,397$1,793$712
25 years$5,131$3,911$2,943$2,189$1,614$611
26 years$4,881$3,676$2,729$2,002$1,453$525
27 years$4,649$3,459$2,534$1,832$1,310$451
28 years$4,435$3,259$2,356$1,679$1,182$387
29 years$4,236$3,075$2,192$1,539$1,068$333
30 years$4,051$2,904$2,042$1,413$965$286
31 years$3,878$2,745$1,904$1,298$872$246
32 years$3,716$2,598$1,776$1,192$789$212
33 years$3,564$2,460$1,658$1,097$714$182
34 years$3,421$2,331$1,550$1,009$646$157
35 years$3,287$2,211$1,449$929$586$135
36 years$3,161$2,099$1,355$855$530$116
37 years$3,041$1,993$1,269$788$481$100
38 years$2,928$1,894$1,188$726$436$86
39 years$2,822$1,801$1,113$670$395$74
40 years$2,721$1,714$1,043$618$359$64
41 years$2,625$1,632$978$570$325$55
42 years$2,534$1,554$918$526$295$47
43 years$2,447$1,480$861$486$268$41
44 years$2,364$1,411$808$448$243$35
45 years$2,286$1,346$759$414$221$30
46 years$2,211$1,284$713$382$200$26
47 years$2,139$1,225$670$353$182$22
48 years$2,071$1,170$629$327$165$19
49 years$2,006$1,117$591$302$150$17
50 years$1,943$1,067$556$279$136$14

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 $5,341 every year, while hoping to spend $39,684 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: 67/27/6 Blend
41$1,990,000$1,990,000$1,990,000$1,990,000
42$2,198,489$2,093,019$2,062,174$2,343,453
43$2,380,512$2,153,354$2,089,034$2,500,591
44$2,579,770$2,215,315$2,115,463$2,667,011
45$2,797,981$2,278,940$2,141,405$2,847,869
46$3,037,035$2,344,267$2,166,802$3,044,568
47$3,299,012$2,411,336$2,191,589$3,258,651
48$3,586,205$2,480,185$2,215,702$3,491,818
49$3,901,139$2,550,855$2,239,068$3,745,941
50$4,246,594$2,623,386$2,261,616$4,023,079
51$4,625,633$2,697,818$2,283,266$4,325,501
52$5,041,629$2,774,193$2,303,937$4,655,704
53$5,498,299$2,852,551$2,323,543$5,016,437
54$5,999,735$2,932,936$2,341,991$5,410,731
55$6,550,447$3,015,389$2,359,187$5,841,919
56$7,155,402$3,099,952$2,375,029$6,313,676
57$7,820,071$3,186,668$2,389,411$6,830,047
58$8,550,484$3,275,581$2,402,221$7,395,488
59$9,353,281$3,366,732$2,413,343$8,014,909
60$10,235,779$3,460,164$2,422,653$8,693,715
61$11,206,038$3,555,922$2,430,022$9,437,863
62$12,272,939$3,654,047$2,435,313$10,253,913
63$13,446,266$3,754,583$2,438,383$11,149,093
64$14,736,800$3,857,572$2,439,083$12,131,365
65$16,156,416$3,963,057$2,437,256$13,209,501
66$17,718,203$4,071,078$2,432,736$14,393,165
67$19,436,577$4,181,679$2,425,350$15,693,004
68$21,327,426$4,294,899$2,414,918$17,120,748
69$23,408,253$4,410,779$2,401,247$18,689,320
70$25,698,346$4,529,358$2,384,140$20,412,961
71$28,218,955$4,650,675$2,363,387$22,307,358
72$30,993,497$4,774,766$2,338,769$24,389,798
73$34,047,773$4,901,669$2,310,057$26,679,327
74$37,410,213$5,031,418$2,277,010$29,196,932
75$41,112,143$5,164,045$2,239,378$31,965,736
76$45,188,081$5,299,583$2,196,897$35,011,219
77$49,676,064$5,438,061$2,149,292$38,361,455
78$54,618,003$5,579,507$2,096,274$42,047,379
79$60,060,082$5,723,945$2,037,541$46,103,080
80$66,053,191$5,871,399$1,972,779$50,566,119
81$72,653,407$6,021,888$1,901,658$55,477,885
82$79,922,522$6,175,429$1,823,832$60,883,987
83$87,928,629$6,332,035$1,738,940$66,834,680
84$96,746,761$6,491,716$1,646,606$73,385,344
85$106,459,598$6,654,477$1,546,435$80,597,005
86$117,158,252$6,820,322$1,438,015$88,536,907
87$128,943,122$6,989,245$1,320,916$97,279,152
88$141,924,842$7,161,240$1,194,689$106,905,397
89$156,225,327$7,336,292$1,058,862$117,505,623
90$171,978,923$7,514,383$912,946$129,178,988
91$189,333,671$7,695,486$756,429$142,034,759
92$208,452,711$7,879,570$588,774$156,193,345
93$229,515,813$8,066,594$409,423$171,787,434
94$252,721,080$8,256,512$217,794$188,963,242
95$278,286,817$8,449,267$13,276$207,881,901
96$306,453,586$8,644,796$0$228,720,970
97$337,486,484$8,843,022$0$251,689,241
98$371,677,638$9,043,863$0$276,990,975
99$409,348,967$9,247,223$0$304,862,980
100$450,855,219$9,452,993$0$335,567,149