Can I retire at age 42 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$124,694$123,584$122,500$121,442$120,410$118,269
2 years$61,730$60,580$59,466$58,386$57,338$55,188
3 years$40,744$39,590$38,478$37,408$36,377$34,286
4 years$30,254$29,103$28,002$26,951$25,945$23,928
5 years$23,961$22,817$21,731$20,701$19,723$17,786
6 years$19,767$18,632$17,562$16,554$15,606$13,752
7 years$16,773$15,647$14,594$13,610$12,692$10,920
8 years$14,528$13,412$12,377$11,417$10,529$8,840
9 years$12,783$11,678$10,660$9,725$8,867$7,259
10 years$11,388$10,293$9,294$8,383$7,555$6,027
11 years$10,247$9,164$8,182$7,296$6,498$5,048
12 years$9,297$8,225$7,261$6,399$5,631$4,258
13 years$8,494$7,433$6,488$5,650$4,910$3,611
14 years$7,806$6,756$5,829$5,015$4,304$3,077
15 years$7,211$6,172$5,263$4,473$3,790$2,632
16 years$6,690$5,663$4,772$4,005$3,349$2,259
17 years$6,231$5,215$4,342$3,598$2,970$1,944
18 years$5,823$4,819$3,964$3,243$2,641$1,677
19 years$5,459$4,466$3,629$2,930$2,354$1,449
20 years$5,132$4,150$3,330$2,654$2,102$1,254
21 years$4,836$3,866$3,063$2,408$1,881$1,087
22 years$4,568$3,608$2,823$2,190$1,686$944
23 years$4,323$3,375$2,607$1,994$1,514$820
24 years$4,099$3,162$2,411$1,819$1,361$713
25 years$3,893$2,967$2,233$1,661$1,224$620
26 years$3,703$2,789$2,071$1,519$1,103$540
27 years$3,528$2,625$1,923$1,390$994$471
28 years$3,365$2,473$1,788$1,274$897$411
29 years$3,214$2,333$1,664$1,168$810$358
30 years$3,074$2,204$1,549$1,072$732$312
31 years$2,942$2,083$1,445$985$662$273
32 years$2,819$1,971$1,348$905$599$238
33 years$2,704$1,867$1,258$832$542$208
34 years$2,596$1,769$1,176$766$491$182
35 years$2,494$1,678$1,099$705$444$159
36 years$2,398$1,593$1,028$649$403$139
37 years$2,308$1,513$963$598$365$121
38 years$2,222$1,438$901$551$331$106
39 years$2,141$1,367$844$508$300$93
40 years$2,064$1,301$792$469$272$81
41 years$1,992$1,238$742$433$247$71
42 years$1,922$1,179$696$399$224$62
43 years$1,857$1,123$653$368$203$54
44 years$1,794$1,071$613$340$184$47
45 years$1,734$1,021$576$314$167$41
46 years$1,678$974$541$290$152$36
47 years$1,623$930$508$268$138$32
48 years$1,571$887$477$248$125$28
49 years$1,522$847$449$229$114$24
50 years$1,474$809$422$212$103$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,510,000, adding $3,116 every year, while hoping to spend $50,353 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: 69/18/13 Blend
41$1,510,000$1,510,000$1,510,000$1,510,000
42$1,667,234$1,587,204$1,563,799$1,777,263
43$1,783,717$1,611,402$1,562,611$1,874,989
44$1,910,393$1,635,098$1,559,696$1,975,534
45$2,048,250$1,658,214$1,554,942$2,084,229
46$2,198,372$1,680,667$1,548,233$2,201,867
47$2,361,954$1,702,369$1,539,448$2,329,324
48$2,540,312$1,723,223$1,528,457$2,467,565
49$2,734,891$1,743,128$1,515,128$2,617,651
50$2,947,285$1,761,976$1,499,320$2,780,756
51$3,179,245$1,779,651$1,480,885$2,958,170
52$3,432,703$1,796,028$1,459,669$3,151,317
53$3,709,783$1,810,978$1,435,512$3,361,766
54$4,012,824$1,824,358$1,408,244$3,591,247
55$4,344,401$1,836,021$1,377,690$3,841,667
56$4,707,350$1,845,806$1,343,663$4,115,127
57$5,104,794$1,853,546$1,305,970$4,413,944
58$5,540,173$1,859,059$1,264,410$4,740,672
59$6,017,273$1,862,155$1,218,770$5,098,126
60$6,540,265$1,862,631$1,168,829$5,489,411
61$7,113,743$1,860,271$1,114,355$5,917,947
62$7,742,767$1,854,846$1,055,108$6,387,506
63$8,432,908$1,846,113$990,834$6,902,245
64$9,190,307$1,833,814$921,268$7,466,749
65$10,021,722$1,817,676$846,135$8,086,070
66$10,934,604$1,797,407$765,147$8,765,777
67$11,937,155$1,772,702$678,001$9,512,012
68$13,038,414$1,743,234$584,383$10,331,542
69$14,248,337$1,708,657$483,965$11,231,829
70$15,577,893$1,668,606$376,402$12,221,098
71$17,039,164$1,622,694$261,338$13,308,416
72$18,645,463$1,570,510$138,397$14,503,779
73$20,411,456$1,511,621$7,189$15,818,204
74$22,353,301$1,445,567$0$17,263,835
75$24,488,801$1,371,863$0$18,872,487
76$26,837,569$1,289,994$0$20,642,753
77$29,421,214$1,199,418$0$22,589,965
78$32,263,547$1,099,559$0$24,732,116
79$35,390,802$989,810$0$27,089,041
80$38,831,882$869,528$0$29,682,597
81$42,618,636$738,037$0$32,536,870
82$46,786,154$594,618$0$35,678,409
83$51,373,102$438,515$0$39,136,470
84$56,422,084$268,928$0$42,943,297
85$61,980,044$85,013$0$47,134,426
86$68,098,707$0$0$51,749,018
87$74,835,069$0$0$56,852,840
88$82,251,935$0$0$62,490,894
89$90,418,507$0$0$68,698,959
90$99,411,041$0$0$75,535,018
91$109,313,564$0$0$83,062,961
92$120,218,666$0$0$91,353,191
93$132,228,375$0$0$100,483,285
94$145,455,117$0$0$110,538,728
95$160,022,779$0$0$121,613,721
96$176,067,877$0$0$133,812,064
97$193,740,843$0$0$147,248,141
98$213,207,443$0$0$162,047,996
99$234,650,345$0$0$178,350,523
100$258,270,839$0$0$196,308,778