Can I retire at age 42 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$123,043$121,947$120,878$119,834$118,815$115,428
2 years$60,912$59,778$58,678$57,612$56,578$53,193
3 years$40,205$39,065$37,969$36,913$35,896$32,617
4 years$29,853$28,717$27,632$26,594$25,601$22,455
5 years$23,644$22,515$21,443$20,426$19,462$16,456
6 years$19,505$18,385$17,329$16,335$15,399$12,537
7 years$16,551$15,440$14,401$13,430$12,524$9,805
8 years$14,336$13,235$12,213$11,266$10,390$7,813
9 years$12,614$11,523$10,519$9,596$8,750$6,313
10 years$11,237$10,157$9,171$8,272$7,455$5,155
11 years$10,111$9,042$8,074$7,199$6,412$4,244
12 years$9,174$8,116$7,165$6,315$5,556$3,517
13 years$8,381$7,334$6,402$5,575$4,845$2,929
14 years$7,703$6,667$5,752$4,949$4,247$2,451
15 years$7,115$6,090$5,193$4,413$3,740$2,057
16 years$6,601$5,588$4,708$3,952$3,305$1,732
17 years$6,148$5,146$4,284$3,551$2,930$1,461
18 years$5,746$4,755$3,911$3,200$2,606$1,236
19 years$5,387$4,407$3,580$2,891$2,322$1,047
20 years$5,064$4,095$3,286$2,619$2,074$888
21 years$4,772$3,815$3,022$2,377$1,856$754
22 years$4,507$3,561$2,786$2,161$1,664$641
23 years$4,266$3,330$2,572$1,968$1,494$545
24 years$4,045$3,120$2,379$1,795$1,343$464
25 years$3,841$2,928$2,203$1,639$1,208$395
26 years$3,654$2,752$2,043$1,499$1,088$337
27 years$3,481$2,590$1,897$1,372$981$287
28 years$3,321$2,441$1,764$1,257$885$245
29 years$3,172$2,302$1,641$1,153$799$209
30 years$3,033$2,174$1,529$1,058$722$178
31 years$2,903$2,055$1,425$972$653$152
32 years$2,782$1,945$1,330$893$591$130
33 years$2,668$1,842$1,242$821$535$111
34 years$2,562$1,746$1,160$755$484$95
35 years$2,461$1,656$1,085$695$438$81
36 years$2,366$1,572$1,015$640$397$69
37 years$2,277$1,493$950$590$360$59
38 years$2,193$1,418$889$544$326$50
39 years$2,113$1,349$833$502$296$43
40 years$2,037$1,283$781$463$268$37
41 years$1,965$1,222$732$427$244$31
42 years$1,897$1,163$687$394$221$27
43 years$1,832$1,108$645$364$201$23
44 years$1,770$1,057$605$336$182$20
45 years$1,711$1,008$568$310$165$17
46 years$1,655$961$534$286$150$14
47 years$1,602$917$501$265$136$12
48 years$1,551$876$471$244$124$10
49 years$1,502$836$443$226$112$9
50 years$1,455$799$416$209$102$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,490,000, adding $3,535 every year, while hoping to spend $35,421 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: 37/42/21 Blend
41$1,490,000$1,490,000$1,490,000$1,490,000
42$1,645,626$1,566,656$1,543,561$1,695,994
43$1,775,793$1,605,735$1,557,583$1,772,029
44$1,918,049$1,645,541$1,570,887$1,850,536
45$2,073,590$1,686,073$1,583,413$1,934,612
46$2,243,734$1,727,328$1,595,094$2,024,781
47$2,429,929$1,769,302$1,605,865$2,121,616
48$2,633,773$1,811,988$1,615,652$2,225,749
49$2,857,022$1,855,380$1,624,380$2,337,880
50$3,101,612$1,899,468$1,631,971$2,458,774
51$3,369,676$1,944,241$1,638,342$2,589,280
52$3,663,561$1,989,687$1,643,404$2,730,329
53$3,985,853$2,035,790$1,647,066$2,882,950
54$4,339,399$2,082,533$1,649,233$3,048,275
55$4,727,338$2,129,897$1,649,802$3,227,553
56$5,153,123$2,177,860$1,648,668$3,422,161
57$5,620,563$2,226,395$1,645,719$3,633,614
58$6,133,848$2,275,477$1,640,838$3,863,586
59$6,697,598$2,325,073$1,633,904$4,113,919
60$7,316,901$2,375,149$1,624,788$4,386,645
61$7,997,362$2,425,668$1,613,354$4,684,004
62$8,745,154$2,476,587$1,599,464$5,008,464
63$9,567,081$2,527,862$1,582,967$5,362,746
64$10,470,638$2,579,441$1,563,711$5,749,852
65$11,464,080$2,631,271$1,541,532$6,173,089
66$12,556,505$2,683,292$1,516,262$6,636,102
67$13,757,934$2,735,439$1,487,723$7,142,912
68$15,079,410$2,787,642$1,455,728$7,697,950
69$16,533,099$2,839,825$1,420,084$8,306,100
70$18,132,405$2,891,907$1,380,587$8,972,749
71$19,892,097$2,943,797$1,337,023$9,703,833
72$21,828,450$2,995,402$1,289,172$10,505,896
73$23,959,391$3,046,616$1,236,799$11,386,154
74$26,304,679$3,097,330$1,179,662$12,352,562
75$28,886,081$3,147,424$1,117,505$13,413,886
76$31,727,584$3,196,770$1,050,064$14,579,793
77$34,855,616$3,245,231$977,059$15,860,939
78$38,299,299$3,292,658$898,202$17,269,069
79$42,090,723$3,338,893$813,187$18,817,134
80$46,265,247$3,383,769$721,699$20,519,406
81$50,861,832$3,427,104$623,406$22,391,622
82$55,923,411$3,468,704$517,962$24,451,125
83$61,497,292$3,508,363$405,006$26,717,037
84$67,635,604$3,545,861$284,162$29,210,434
85$74,395,789$3,580,962$155,036$31,954,549
86$81,841,147$3,613,416$17,216$34,974,991
87$90,041,425$3,642,955$0$38,299,990
88$99,073,486$3,669,295$0$41,989,761
89$109,022,023$3,692,132$0$46,055,512
90$119,980,367$3,711,145$0$50,531,294
91$132,051,362$3,725,988$0$55,458,887
92$145,348,338$3,736,299$0$60,884,341
93$159,996,180$3,741,688$0$66,858,403
94$176,132,504$3,741,745$0$73,437,004
95$193,908,959$3,736,030$0$80,681,783
96$213,492,658$3,724,081$0$88,660,672
97$235,067,750$3,705,402$0$97,448,539
98$258,837,166$3,679,472$0$107,127,895
99$285,024,526$3,645,736$0$117,789,674
100$313,876,255$3,603,604$0$129,534,093