Can I retire at age 42 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$123,869$122,765$121,689$120,638$119,612$115,414
2 years$61,321$60,179$59,072$57,999$56,958$52,773
3 years$40,475$39,328$38,224$37,161$36,137$32,095
4 years$30,053$28,910$27,817$26,772$25,773$21,907
5 years$23,802$22,666$21,587$20,564$19,592$15,911
6 years$19,636$18,508$17,446$16,445$15,503$12,010
7 years$16,662$15,543$14,497$13,520$12,608$9,302
8 years$14,432$13,323$12,295$11,342$10,459$7,338
9 years$12,698$11,600$10,590$9,661$8,808$5,868
10 years$11,312$10,225$9,232$8,328$7,505$4,741
11 years$10,179$9,103$8,128$7,247$6,455$3,860
12 years$9,236$8,170$7,213$6,357$5,593$3,163
13 years$8,438$7,384$6,445$5,612$4,878$2,604
14 years$7,754$6,711$5,791$4,982$4,276$2,153
15 years$7,163$6,131$5,228$4,443$3,765$1,786
16 years$6,646$5,625$4,740$3,978$3,327$1,485
17 years$6,190$5,181$4,313$3,574$2,950$1,238
18 years$5,785$4,787$3,937$3,221$2,623$1,033
19 years$5,423$4,437$3,605$2,911$2,338$864
20 years$5,098$4,123$3,308$2,636$2,088$723
21 years$4,804$3,840$3,043$2,393$1,869$606
22 years$4,537$3,585$2,804$2,175$1,675$509
23 years$4,294$3,353$2,589$1,981$1,504$427
24 years$4,072$3,141$2,395$1,807$1,352$358
25 years$3,867$2,948$2,218$1,650$1,216$301
26 years$3,679$2,770$2,057$1,509$1,096$253
27 years$3,505$2,607$1,910$1,381$988$213
28 years$3,343$2,457$1,776$1,265$891$179
29 years$3,193$2,318$1,652$1,160$805$151
30 years$3,053$2,189$1,539$1,065$727$127
31 years$2,923$2,069$1,435$978$657$107
32 years$2,801$1,958$1,339$899$595$90
33 years$2,686$1,854$1,250$827$538$76
34 years$2,579$1,757$1,168$761$487$64
35 years$2,478$1,667$1,092$700$441$54
36 years$2,382$1,582$1,022$645$400$45
37 years$2,292$1,503$956$594$362$38
38 years$2,207$1,428$895$548$329$32
39 years$2,127$1,358$839$505$298$27
40 years$2,051$1,292$786$466$270$23
41 years$1,978$1,230$737$430$245$19
42 years$1,910$1,171$692$397$222$16
43 years$1,844$1,116$649$366$202$14
44 years$1,782$1,064$609$338$183$11
45 years$1,723$1,014$572$312$166$10
46 years$1,666$968$537$288$151$8
47 years$1,613$923$505$266$137$7
48 years$1,561$882$474$246$125$6
49 years$1,512$842$446$227$113$5
50 years$1,465$804$419$210$103$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,500,000, adding $4,502 every year, while hoping to spend $52,224 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: 80/11/9 Blend
41$1,500,000$1,500,000$1,500,000$1,500,000
42$1,657,644$1,578,144$1,554,894$1,787,691
43$1,771,158$1,599,907$1,551,417$1,895,372
44$1,894,499$1,620,986$1,546,073$2,006,203
45$2,028,617$1,641,293$1,538,745$2,126,265
46$2,174,551$1,660,732$1,529,309$2,256,454
47$2,333,451$1,679,203$1,517,635$2,397,758
48$2,506,576$1,696,597$1,503,590$2,551,264
49$2,695,316$1,712,800$1,487,029$2,718,171
50$2,901,200$1,727,688$1,467,806$2,899,797
51$3,125,909$1,741,132$1,445,764$3,097,598
52$3,371,295$1,752,990$1,420,740$3,313,172
53$3,639,396$1,763,116$1,392,565$3,548,287
54$3,932,457$1,771,351$1,361,058$3,804,884
55$4,252,948$1,777,528$1,326,034$4,085,105
56$4,603,590$1,781,468$1,287,297$4,391,311
57$4,987,378$1,782,982$1,244,644$4,726,102
58$5,407,610$1,781,868$1,197,859$5,092,341
59$5,867,919$1,777,912$1,146,719$5,493,187
60$6,372,304$1,770,887$1,090,992$5,932,118
61$6,925,171$1,760,552$1,030,432$6,412,967
62$7,531,371$1,746,652$964,785$6,939,958
63$8,196,249$1,728,916$893,783$7,517,748
64$8,925,690$1,707,057$817,148$8,151,465
65$9,726,176$1,680,768$734,589$8,846,763
66$10,604,849$1,649,729$645,801$9,609,873
67$11,569,575$1,613,597$550,466$10,447,660
68$12,629,019$1,572,010$448,253$11,367,691
69$13,792,725$1,524,585$338,816$12,378,304
70$15,071,208$1,470,915$221,792$13,488,690
71$16,476,053$1,410,572$96,804$14,708,977
72$18,020,022$1,343,101$0$16,050,326
73$19,717,172$1,268,021$0$17,528,552
74$21,582,994$1,184,824$0$19,163,847
75$23,634,551$1,092,973$0$20,961,887
76$25,890,646$991,898$0$22,939,183
77$28,371,991$881,001$0$25,113,926
78$31,101,409$759,645$0$27,506,163
79$34,104,046$627,160$0$30,137,984
80$37,407,605$482,838$0$33,033,732
81$41,042,613$325,929$0$36,220,233
82$45,042,704$155,644$0$39,727,047
83$49,444,938$0$0$43,586,750
84$54,290,147$0$0$47,838,730
85$59,623,326$0$0$52,539,721
86$65,494,049$0$0$57,714,588
87$71,956,944$0$0$63,411,491
88$79,072,204$0$0$69,683,492
89$86,906,153$0$0$76,589,065
90$95,531,875$0$0$84,192,638
91$105,029,901$0$0$92,565,208
92$115,488,970$0$0$101,785,005
93$127,006,864$0$0$111,938,233
94$139,691,330$0$0$123,119,881
95$153,661,100$0$0$135,434,622
96$169,047,006$0$0$148,997,797
97$185,993,217$0$0$163,936,504
98$204,658,599$0$0$180,390,799
99$225,218,213$0$0$198,515,014
100$247,864,968$0$0$218,479,216