Can I retire at age 42 with 1,480,000?

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 $1,480,000?

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 years$122,217$121,128$120,066$119,030$118,017$117,028
2 years$60,503$59,377$58,285$57,226$56,199$55,202
3 years$39,935$38,803$37,714$36,665$35,655$34,681
4 years$29,653$28,525$27,446$26,415$25,429$24,486
5 years$23,485$22,364$21,299$20,289$19,331$18,421
6 years$19,375$18,262$17,213$16,226$15,296$14,421
7 years$16,440$15,336$14,304$13,340$12,440$11,600
8 years$14,239$13,146$12,131$11,191$10,320$9,515
9 years$12,529$11,446$10,448$9,532$8,691$7,920
10 years$11,162$10,089$9,109$8,217$7,405$6,669
11 years$10,044$8,982$8,020$7,151$6,369$5,666
12 years$9,112$8,061$7,117$6,272$5,519$4,849
13 years$8,325$7,285$6,359$5,537$4,813$4,175
14 years$7,651$6,622$5,713$4,916$4,219$3,613
15 years$7,067$6,049$5,158$4,384$3,714$3,139
16 years$6,557$5,550$4,677$3,925$3,283$2,737
17 years$6,107$5,111$4,256$3,527$2,911$2,394
18 years$5,708$4,723$3,885$3,178$2,588$2,099
19 years$5,351$4,377$3,556$2,872$2,307$1,845
20 years$5,030$4,068$3,264$2,601$2,061$1,624
21 years$4,740$3,789$3,002$2,361$1,844$1,432
22 years$4,477$3,537$2,767$2,146$1,653$1,265
23 years$4,237$3,308$2,555$1,955$1,484$1,119
24 years$4,017$3,099$2,363$1,783$1,334$990
25 years$3,816$2,909$2,188$1,628$1,200$878
26 years$3,630$2,734$2,030$1,489$1,081$778
27 years$3,458$2,573$1,885$1,363$975$691
28 years$3,299$2,424$1,752$1,248$879$614
29 years$3,151$2,287$1,630$1,145$794$545
30 years$3,013$2,160$1,519$1,051$717$485
31 years$2,884$2,042$1,416$965$649$431
32 years$2,763$1,932$1,321$887$587$384
33 years$2,650$1,829$1,233$816$531$342
34 years$2,544$1,734$1,152$750$481$304
35 years$2,445$1,645$1,077$691$435$271
36 years$2,351$1,561$1,008$636$395$242
37 years$2,262$1,483$943$586$358$215
38 years$2,178$1,409$883$540$324$192
39 years$2,099$1,340$828$498$294$171
40 years$2,023$1,275$776$459$267$153
41 years$1,952$1,213$727$424$242$136
42 years$1,884$1,156$682$391$220$121
43 years$1,820$1,101$640$361$199$108
44 years$1,758$1,050$601$333$181$97
45 years$1,700$1,001$564$308$164$86
46 years$1,644$955$530$284$149$77
47 years$1,591$911$498$263$135$69
48 years$1,540$870$468$243$123$61
49 years$1,492$831$440$224$112$55
50 years$1,445$793$414$207$101$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,480,000, adding $4,253 every year, while hoping to spend $35,871 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: 34/36/30 Blend
41$1,480,000$1,480,000$1,480,000$1,480,000
42$1,635,347$1,556,907$1,533,967$1,676,015
43$1,763,986$1,595,029$1,547,188$1,745,363
44$1,904,544$1,633,817$1,559,650$1,816,614
45$2,058,198$1,673,265$1,571,290$1,892,769
46$2,226,247$1,713,367$1,582,040$1,974,290
47$2,410,116$1,754,114$1,591,831$2,061,688
48$2,611,380$1,795,497$1,600,589$2,155,526
49$2,831,768$1,837,504$1,608,236$2,256,423
50$3,073,188$1,880,122$1,614,692$2,365,064
51$3,337,739$1,923,333$1,619,869$2,482,203
52$3,627,733$1,967,121$1,623,680$2,608,672
53$3,945,717$2,011,466$1,626,029$2,745,388
54$4,294,496$2,056,344$1,626,817$2,893,363
55$4,677,160$2,101,730$1,625,940$3,053,712
56$5,097,111$2,147,596$1,623,290$3,227,667
57$5,558,098$2,193,909$1,618,752$3,416,585
58$6,064,250$2,240,636$1,612,206$3,621,962
59$6,620,115$2,287,739$1,603,526$3,845,449
60$7,230,703$2,335,175$1,592,581$4,088,868
61$7,901,534$2,382,898$1,579,232$4,354,225
62$8,638,689$2,430,858$1,563,335$4,643,737
63$9,448,867$2,479,002$1,544,738$4,959,844
64$10,339,447$2,527,269$1,523,282$5,305,241
65$11,318,561$2,575,595$1,498,802$5,682,899
66$12,395,165$2,623,910$1,471,123$6,096,094
67$13,579,130$2,672,140$1,440,064$6,548,438
68$14,881,328$2,720,202$1,405,433$7,043,916
69$16,313,741$2,768,008$1,367,031$7,586,923
70$17,889,566$2,815,464$1,324,651$8,182,302
71$19,623,348$2,862,468$1,278,073$8,835,398
72$21,531,111$2,908,910$1,227,070$9,552,102
73$23,630,510$2,954,673$1,171,402$10,338,911
74$25,940,999$2,999,630$1,110,822$11,202,990
75$28,484,015$3,043,645$1,045,068$12,152,238
76$31,283,174$3,086,573$973,867$13,195,365
77$34,364,502$3,128,259$896,936$14,341,975
78$37,756,674$3,168,537$813,976$15,602,658
79$41,491,288$3,207,228$724,678$16,989,090
80$45,603,161$3,244,144$628,716$18,514,144
81$50,130,657$3,279,081$525,752$20,192,012
82$55,116,051$3,311,823$415,432$22,038,343
83$60,605,926$3,342,140$297,386$24,070,389
84$66,651,611$3,369,785$171,229$26,307,171
85$73,309,668$3,394,498$36,558$28,769,656
86$80,642,424$3,415,998$0$31,480,964
87$88,718,559$3,433,989$0$34,500,880
88$97,613,753$3,448,157$0$37,837,916
89$107,411,404$3,458,164$0$41,511,477
90$118,203,408$3,463,655$0$45,555,858
91$130,091,032$3,464,250$0$50,008,859
92$143,185,866$3,459,547$0$54,912,135
93$157,610,877$3,449,118$0$60,311,599
94$173,501,572$3,432,510$0$66,257,849
95$191,007,270$3,409,241$0$72,806,649
96$210,292,519$3,378,801$0$80,019,457
97$231,538,642$3,340,649$0$87,964,005
98$254,945,453$3,294,210$0$96,714,943
99$280,733,139$3,238,876$0$106,354,537
100$309,144,342$3,174,004$0$116,973,457