Can I retire at age 42 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$128,823$127,676$126,556$125,464$124,397$120,222
2 years$63,774$62,586$61,435$60,319$59,236$55,072
3 years$42,094$40,901$39,753$38,647$37,582$33,558
4 years$31,256$30,066$28,930$27,843$26,804$22,952
5 years$24,754$23,572$22,451$21,386$20,376$16,705
6 years$20,422$19,249$18,143$17,103$16,123$12,637
7 years$17,328$16,165$15,077$14,061$13,112$9,810
8 years$15,009$13,856$12,787$11,795$10,878$7,758
9 years$13,206$12,064$11,013$10,047$9,161$6,218
10 years$11,765$10,634$9,602$8,661$7,805$5,036
11 years$10,586$9,467$8,453$7,537$6,713$4,112
12 years$9,605$8,497$7,502$6,611$5,817$3,378
13 years$8,775$7,679$6,702$5,837$5,073$2,789
14 years$8,065$6,980$6,022$5,181$4,447$2,312
15 years$7,449$6,376$5,437$4,621$3,915$1,923
16 years$6,911$5,850$4,930$4,137$3,460$1,604
17 years$6,437$5,388$4,486$3,717$3,068$1,341
18 years$6,016$4,979$4,095$3,350$2,728$1,123
19 years$5,640$4,614$3,749$3,027$2,432$942
20 years$5,302$4,288$3,440$2,742$2,172$791
21 years$4,996$3,994$3,164$2,488$1,944$665
22 years$4,719$3,728$2,917$2,262$1,742$559
23 years$4,466$3,487$2,693$2,060$1,564$471
24 years$4,235$3,267$2,491$1,879$1,406$397
25 years$4,022$3,066$2,307$1,716$1,265$334
26 years$3,826$2,881$2,139$1,569$1,139$282
27 years$3,645$2,712$1,987$1,436$1,027$238
28 years$3,477$2,555$1,847$1,316$927$201
29 years$3,321$2,411$1,719$1,207$837$170
30 years$3,175$2,276$1,601$1,108$756$143
31 years$3,040$2,152$1,492$1,017$684$121
32 years$2,913$2,036$1,392$935$618$102
33 years$2,794$1,928$1,300$860$560$86
34 years$2,682$1,828$1,215$791$507$73
35 years$2,577$1,733$1,136$728$459$62
36 years$2,478$1,645$1,062$671$416$52
37 years$2,384$1,563$994$618$377$44
38 years$2,296$1,485$931$569$342$37
39 years$2,212$1,412$872$525$310$31
40 years$2,133$1,344$818$484$281$27
41 years$2,058$1,279$767$447$255$22
42 years$1,986$1,218$719$412$231$19
43 years$1,918$1,161$675$381$210$16
44 years$1,854$1,106$634$351$191$14
45 years$1,792$1,055$595$325$173$11
46 years$1,733$1,006$559$300$157$10
47 years$1,677$960$525$277$143$8
48 years$1,623$917$493$256$130$7
49 years$1,572$875$464$237$118$6
50 years$1,523$836$436$219$107$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,560,000, adding $3,301 every year, while hoping to spend $37,732 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: 57/30/13 Blend
41$1,560,000$1,560,000$1,560,000$1,560,000
42$1,722,525$1,639,845$1,615,665$1,814,856
43$1,858,076$1,680,051$1,629,643$1,917,894
44$2,006,189$1,720,962$1,642,825$2,025,673
45$2,168,104$1,762,574$1,655,144$2,142,229
46$2,345,190$1,804,879$1,666,530$2,268,411
47$2,538,950$1,847,869$1,676,910$2,405,150
48$2,751,042$1,891,533$1,686,206$2,553,474
49$2,983,291$1,935,861$1,694,336$2,714,515
50$3,237,706$1,980,837$1,701,216$2,889,519
51$3,516,500$2,026,447$1,706,754$3,079,860
52$3,822,110$2,072,670$1,710,858$3,287,049
53$4,157,221$2,119,486$1,713,427$3,512,752
54$4,524,788$2,166,872$1,714,358$3,758,807
55$4,928,069$2,214,801$1,713,541$4,027,234
56$5,370,649$2,263,244$1,710,862$4,320,263
57$5,856,480$2,312,167$1,706,201$4,640,350
58$6,389,914$2,361,536$1,699,431$4,990,198
59$6,975,744$2,411,310$1,690,421$5,372,790
60$7,619,252$2,461,446$1,679,032$5,791,411
61$8,326,255$2,511,896$1,665,119$6,249,681
62$9,103,162$2,562,608$1,648,530$6,751,588
63$9,957,034$2,613,526$1,629,105$7,301,529
64$10,895,649$2,664,587$1,606,678$7,904,348
65$11,927,578$2,715,724$1,581,074$8,565,384
66$13,062,262$2,766,865$1,552,110$9,290,520
67$14,310,102$2,817,931$1,519,596$10,086,239
68$15,682,560$2,868,837$1,483,330$10,959,688
69$17,192,263$2,919,491$1,443,103$11,918,741
70$18,853,123$2,969,796$1,398,696$12,972,077
71$20,680,469$3,019,643$1,349,880$14,129,260
72$22,691,190$3,068,920$1,296,415$15,400,831
73$24,903,897$3,117,502$1,238,050$16,798,408
74$27,339,093$3,165,258$1,174,523$18,334,794
75$30,019,372$3,212,047$1,105,561$20,024,098
76$32,969,627$3,257,717$1,030,877$21,881,873
77$36,217,290$3,302,105$950,172$23,925,257
78$39,792,583$3,345,039$863,133$26,173,139
79$43,728,813$3,386,332$769,433$28,646,337
80$48,062,675$3,425,785$668,733$31,367,794
81$52,834,608$3,463,188$560,675$34,362,796
82$58,089,168$3,498,314$444,887$37,659,210
83$63,875,454$3,530,923$320,982$41,287,750
84$70,247,568$3,560,757$188,554$45,282,264
85$77,265,129$3,587,542$47,178$49,680,057
86$84,993,828$3,610,988$0$54,522,244
87$93,506,055$3,630,783$0$59,868,519
88$102,881,580$3,646,599$0$65,762,355
89$113,208,303$3,658,083$0$72,252,305
90$124,583,084$3,664,864$0$79,399,093
91$137,112,661$3,666,544$0$87,269,639
92$150,914,650$3,662,703$0$95,937,692
93$166,118,662$3,652,893$0$105,484,522
94$182,867,521$3,636,640$0$115,999,695
95$201,318,613$3,613,441$0$127,581,912
96$221,645,373$3,582,760$0$140,339,945
97$244,038,919$3,544,033$0$154,393,665
98$268,709,856$3,496,658$0$169,875,173
99$295,890,266$3,440,000$0$186,930,047
100$325,835,896$3,373,383$0$205,718,721