Can I retire at age 42 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$130,475$129,313$128,179$127,072$125,991$122,996
2 years$64,592$63,389$62,223$61,092$59,996$56,995
3 years$42,633$41,425$40,262$39,142$38,064$35,152
4 years$31,656$30,452$29,301$28,200$27,147$24,347
5 years$25,072$23,875$22,738$21,660$20,637$17,956
6 years$20,684$19,495$18,376$17,322$16,329$13,770
7 years$17,550$16,372$15,271$14,241$13,280$10,843
8 years$15,202$14,034$12,951$11,947$11,017$8,701
9 years$13,376$12,219$11,154$10,176$9,278$7,081
10 years$11,916$10,771$9,725$8,772$7,905$5,825
11 years$10,722$9,588$8,561$7,634$6,799$4,833
12 years$9,728$8,606$7,598$6,696$5,892$4,037
13 years$8,888$7,777$6,788$5,912$5,138$3,390
14 years$8,168$7,069$6,099$5,248$4,504$2,859
15 years$7,545$6,458$5,507$4,680$3,965$2,420
16 years$7,000$5,925$4,993$4,190$3,505$2,055
17 years$6,520$5,457$4,543$3,765$3,107$1,750
18 years$6,093$5,042$4,147$3,393$2,763$1,493
19 years$5,712$4,673$3,797$3,066$2,463$1,276
20 years$5,370$4,343$3,484$2,777$2,200$1,092
21 years$5,060$4,045$3,205$2,520$1,969$936
22 years$4,779$3,776$2,954$2,291$1,765$803
23 years$4,523$3,531$2,727$2,087$1,584$689
24 years$4,289$3,309$2,522$1,903$1,424$592
25 years$4,073$3,105$2,336$1,738$1,281$509
26 years$3,875$2,918$2,167$1,589$1,154$438
27 years$3,692$2,746$2,012$1,455$1,040$377
28 years$3,521$2,588$1,870$1,333$939$325
29 years$3,363$2,441$1,741$1,222$848$280
30 years$3,216$2,306$1,621$1,122$766$241
31 years$3,079$2,180$1,512$1,030$692$208
32 years$2,950$2,062$1,410$947$626$179
33 years$2,830$1,953$1,317$871$567$155
34 years$2,716$1,851$1,230$801$513$133
35 years$2,610$1,756$1,150$737$465$115
36 years$2,509$1,666$1,076$679$421$99
37 years$2,415$1,583$1,007$626$382$86
38 years$2,325$1,504$943$577$346$74
39 years$2,240$1,430$884$532$314$64
40 years$2,160$1,361$828$491$285$55
41 years$2,084$1,295$777$453$258$48
42 years$2,012$1,234$728$418$234$41
43 years$1,943$1,175$684$386$213$35
44 years$1,877$1,120$642$356$193$31
45 years$1,815$1,068$603$329$175$26
46 years$1,755$1,019$566$304$159$23
47 years$1,699$973$532$281$144$20
48 years$1,644$929$500$259$131$17
49 years$1,592$887$470$240$119$15
50 years$1,543$847$441$221$108$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,580,000, adding $5,685 every year, while hoping to spend $37,701 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: 69/21/10 Blend
41$1,580,000$1,580,000$1,580,000$1,580,000
42$1,747,024$1,663,284$1,638,794$1,863,684
43$1,885,107$1,704,671$1,653,580$1,983,188
44$2,036,011$1,746,823$1,667,598$2,108,772
45$2,201,003$1,789,737$1,680,782$2,245,155
46$2,381,481$1,833,409$1,693,063$2,393,389
47$2,578,980$1,877,834$1,704,369$2,554,635
48$2,795,194$1,923,006$1,714,623$2,730,170
49$3,031,986$1,968,916$1,723,745$2,921,402
50$3,291,408$2,015,553$1,731,651$3,129,881
51$3,575,722$2,062,905$1,738,252$3,357,313
52$3,887,417$2,110,958$1,743,454$3,605,579
53$4,229,234$2,159,696$1,747,160$3,876,749
54$4,604,193$2,209,098$1,749,267$4,173,106
55$5,015,621$2,259,144$1,749,668$4,497,163
56$5,467,181$2,309,809$1,748,249$4,851,689
57$5,962,909$2,361,066$1,744,891$5,239,734
58$6,507,251$2,412,883$1,739,470$5,664,659
59$7,105,104$2,465,227$1,731,855$6,130,167
60$7,761,862$2,518,061$1,721,910$6,640,338
61$8,483,469$2,571,343$1,709,491$7,199,667
62$9,276,472$2,625,027$1,694,447$7,813,108
63$10,148,083$2,679,064$1,676,622$8,486,116
64$11,106,248$2,733,400$1,655,850$9,224,706
65$12,159,723$2,787,974$1,631,959$10,035,504
66$13,318,153$2,842,723$1,604,767$10,925,811
67$14,592,163$2,897,575$1,574,086$11,903,673
68$15,993,463$2,952,455$1,539,717$12,977,954
69$17,534,952$3,007,281$1,501,453$14,158,425
70$19,230,843$3,061,963$1,459,077$15,455,850
71$21,096,795$3,116,406$1,412,362$16,882,093
72$23,150,063$3,170,505$1,361,071$18,450,227
73$25,409,658$3,224,148$1,304,956$20,174,657
74$27,896,528$3,277,217$1,243,757$22,071,258
75$30,633,754$3,329,580$1,177,203$24,157,524
76$33,646,769$3,381,101$1,105,011$26,452,735
77$36,963,594$3,431,630$1,026,884$28,978,134
78$40,615,108$3,481,008$942,512$31,757,135
79$44,635,336$3,529,064$851,573$34,815,538
80$49,061,768$3,575,615$753,728$38,181,775
81$53,935,715$3,620,467$648,625$41,887,179
82$59,302,698$3,663,411$535,894$45,966,280
83$65,212,878$3,704,223$415,151$50,457,131
84$71,721,528$3,742,666$285,995$55,401,665
85$78,889,554$3,778,486$148,006$60,846,097
86$86,784,069$3,811,413$745$66,841,353
87$95,479,031$3,841,159$0$73,443,559
88$105,055,932$3,867,416$0$80,731,252
89$115,604,576$3,889,858$0$88,757,075
90$127,223,919$3,908,137$0$97,596,116
91$140,023,007$3,921,884$0$107,331,210
92$154,122,002$3,930,705$0$118,053,639
93$169,653,320$3,934,183$0$129,863,997
94$186,762,874$3,931,873$0$142,873,136
95$205,611,458$3,923,306$0$157,203,216
96$226,376,258$3,907,980$0$172,988,856
97$249,252,530$3,885,364$0$190,378,407
98$274,455,437$3,854,896$0$209,535,352
99$302,222,084$3,815,978$0$230,639,847
100$332,813,753$3,767,978$0$253,890,427