Can I retire at age 42 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$127,172$126,039$124,934$123,855$122,802$119,639
2 years$62,956$61,784$60,647$59,546$58,477$55,312
3 years$41,554$40,376$39,243$38,152$37,100$34,031
4 years$30,855$29,681$28,559$27,486$26,460$23,511
5 years$24,437$23,270$22,163$21,112$20,115$17,294
6 years$20,160$19,002$17,911$16,883$15,916$13,226
7 years$17,106$15,958$14,884$13,881$12,944$10,385
8 years$14,817$13,679$12,623$11,644$10,738$8,309
9 years$13,037$11,910$10,872$9,918$9,043$6,742
10 years$11,614$10,498$9,478$8,550$7,705$5,529
11 years$10,451$9,346$8,345$7,441$6,627$4,573
12 years$9,482$8,388$7,406$6,527$5,743$3,807
13 years$8,663$7,580$6,617$5,762$5,008$3,186
14 years$7,961$6,890$5,945$5,115$4,390$2,678
15 years$7,354$6,295$5,368$4,562$3,865$2,259
16 years$6,823$5,775$4,866$4,084$3,416$1,912
17 years$6,355$5,319$4,428$3,670$3,029$1,621
18 years$5,939$4,915$4,042$3,307$2,693$1,378
19 years$5,568$4,555$3,701$2,988$2,400$1,173
20 years$5,234$4,233$3,396$2,707$2,144$1,000
21 years$4,932$3,943$3,124$2,456$1,919$854
22 years$4,658$3,680$2,879$2,233$1,720$730
23 years$4,409$3,442$2,658$2,034$1,544$624
24 years$4,180$3,225$2,459$1,855$1,388$534
25 years$3,970$3,026$2,277$1,694$1,249$458
26 years$3,777$2,844$2,112$1,549$1,125$392
27 years$3,598$2,677$1,961$1,418$1,014$336
28 years$3,432$2,522$1,823$1,299$915$289
29 years$3,278$2,380$1,697$1,191$826$248
30 years$3,135$2,247$1,580$1,093$747$213
31 years$3,001$2,124$1,473$1,004$675$182
32 years$2,875$2,010$1,375$923$611$157
33 years$2,758$1,904$1,283$849$553$135
34 years$2,648$1,804$1,199$781$500$116
35 years$2,544$1,711$1,121$719$453$99
36 years$2,446$1,624$1,049$662$411$85
37 years$2,354$1,543$982$610$372$73
38 years$2,266$1,466$919$562$337$63
39 years$2,184$1,394$861$518$306$54
40 years$2,105$1,326$807$478$277$47
41 years$2,031$1,263$757$441$252$40
42 years$1,961$1,202$710$407$228$34
43 years$1,894$1,146$666$376$207$30
44 years$1,830$1,092$625$347$188$25
45 years$1,769$1,041$587$320$171$22
46 years$1,711$993$552$296$155$19
47 years$1,656$948$518$273$141$16
48 years$1,603$905$487$253$128$14
49 years$1,552$864$458$234$116$12
50 years$1,504$826$430$216$106$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,540,000, adding $3,977 every year, while hoping to spend $56,336 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: 60/29/11 Blend
41$1,540,000$1,540,000$1,540,000$1,540,000
42$1,701,182$1,619,562$1,595,692$1,798,591
43$1,814,762$1,638,980$1,589,207$1,883,925
44$1,938,038$1,657,461$1,580,616$1,970,230
45$2,071,941$1,674,899$1,569,790$2,062,995
46$2,217,494$1,691,184$1,556,592$2,162,846
47$2,375,820$1,706,193$1,540,880$2,270,475
48$2,548,158$1,719,801$1,522,504$2,386,645
49$2,735,870$1,731,871$1,501,307$2,512,196
50$2,940,454$1,742,258$1,477,126$2,648,058
51$3,163,559$1,750,808$1,449,789$2,795,254
52$3,407,002$1,757,357$1,419,117$2,954,915
53$3,672,779$1,761,731$1,384,920$3,128,287
54$3,963,091$1,763,744$1,347,004$3,316,747
55$4,280,359$1,763,201$1,305,161$3,521,813
56$4,627,249$1,759,891$1,259,178$3,745,159
57$5,006,696$1,753,593$1,208,828$3,988,633
58$5,421,932$1,744,072$1,153,876$4,254,274
59$5,876,516$1,731,078$1,094,077$4,544,331
60$6,374,365$1,714,346$1,029,174$4,861,286
61$6,919,796$1,693,595$958,897$5,207,876
62$7,517,562$1,668,527$882,967$5,587,121
63$8,172,896$1,638,827$801,089$6,002,354
64$8,891,563$1,604,162$712,957$6,457,249
65$9,679,912$1,564,176$618,251$6,955,862
66$10,544,938$1,518,495$516,637$7,502,663
67$11,494,343$1,466,722$407,765$8,102,588
68$12,536,613$1,408,439$291,272$8,761,077
69$13,681,094$1,343,199$166,777$9,484,133
70$14,938,083$1,270,533$33,882$10,278,375
71$16,318,923$1,189,945$0$11,151,105
72$17,836,110$1,100,909$0$12,123,047
73$19,503,408$1,002,868$0$13,195,478
74$21,335,983$895,236$0$14,374,269
75$23,350,542$777,391$0$15,670,275
76$25,565,492$648,678$0$17,095,468
77$28,001,113$508,404$0$18,663,046
78$30,679,747$355,837$0$20,387,559
79$33,626,011$190,203$0$22,285,048
80$36,867,028$10,686$0$24,373,198
81$40,432,680$0$0$26,671,505
82$44,355,892$0$0$29,260,044
83$48,672,944$0$0$32,112,334
84$53,423,806$0$0$35,251,393
85$58,652,522$0$0$38,706,338
86$64,407,621$0$0$42,509,256
87$70,742,576$0$0$46,695,501
88$77,716,305$0$0$51,304,026
89$85,393,731$0$0$56,377,758
90$93,846,391$0$0$61,963,992
91$103,153,110$0$0$68,114,847
92$113,400,749$0$0$74,887,751
93$124,685,016$0$0$82,345,985
94$137,111,377$0$0$90,559,278
95$150,796,043$0$0$99,604,469
96$165,867,074$0$0$109,566,225
97$182,465,580$0$0$120,537,847
98$200,747,055$0$0$132,622,144
99$220,882,845$0$0$145,932,406
100$243,061,763$0$0$160,593,474