Can I retire at age 42 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$132,127$130,950$129,801$128,681$127,586$126,782
2 years$65,409$64,191$63,010$61,866$60,755$59,944
3 years$43,173$41,950$40,772$39,638$38,546$37,753
4 years$32,057$30,837$29,671$28,557$27,491$26,722
5 years$25,389$24,177$23,026$21,934$20,898$20,156
6 years$20,945$19,742$18,609$17,541$16,536$15,821
7 years$17,773$16,579$15,464$14,422$13,448$12,761
8 years$15,394$14,212$13,115$12,098$11,157$10,497
9 years$13,545$12,374$11,296$10,305$9,396$8,764
10 years$12,067$10,907$9,848$8,883$8,005$7,401
11 years$10,858$9,710$8,670$7,731$6,885$6,308
12 years$9,851$8,715$7,694$6,781$5,966$5,415
13 years$9,000$7,876$6,874$5,986$5,203$4,678
14 years$8,271$7,159$6,177$5,314$4,561$4,061
15 years$7,640$6,540$5,577$4,739$4,016$3,540
16 years$7,089$6,000$5,056$4,243$3,549$3,098
17 years$6,602$5,526$4,601$3,813$3,147$2,719
18 years$6,171$5,106$4,200$3,436$2,798$2,392
19 years$5,785$4,732$3,845$3,105$2,494$2,110
20 years$5,438$4,398$3,529$2,812$2,228$1,864
21 years$5,124$4,096$3,246$2,552$1,993$1,650
22 years$4,840$3,824$2,991$2,320$1,787$1,463
23 years$4,581$3,576$2,762$2,113$1,604$1,299
24 years$4,343$3,351$2,554$1,927$1,442$1,154
25 years$4,125$3,144$2,366$1,760$1,297$1,027
26 years$3,924$2,955$2,194$1,609$1,169$914
27 years$3,738$2,781$2,038$1,473$1,054$815
28 years$3,566$2,621$1,894$1,350$951$726
29 years$3,406$2,472$1,763$1,238$858$648
30 years$3,257$2,335$1,642$1,136$776$579
31 years$3,118$2,207$1,531$1,043$701$517
32 years$2,987$2,088$1,428$959$634$462
33 years$2,865$1,978$1,333$882$574$413
34 years$2,751$1,875$1,246$811$520$369
35 years$2,643$1,778$1,165$747$471$330
36 years$2,541$1,688$1,090$688$427$296
37 years$2,445$1,603$1,020$634$387$264
38 years$2,355$1,523$955$584$350$237
39 years$2,269$1,448$895$539$318$212
40 years$2,187$1,378$839$497$288$190
41 years$2,110$1,312$786$458$262$170
42 years$2,037$1,249$738$423$237$152
43 years$1,967$1,190$692$390$215$136
44 years$1,901$1,135$650$361$195$122
45 years$1,838$1,082$610$333$177$110
46 years$1,778$1,032$573$308$161$98
47 years$1,720$985$538$284$146$88
48 years$1,665$940$506$263$133$79
49 years$1,612$898$476$243$121$71
50 years$1,562$858$447$224$110$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,600,000, adding $3,806 every year, while hoping to spend $22,596 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: 35/45/20 Blend
41$1,600,000$1,600,000$1,600,000$1,600,000
42$1,767,126$1,682,326$1,657,526$1,818,080
43$1,923,331$1,740,718$1,689,011$1,914,203
44$2,094,711$1,801,214$1,720,794$2,015,479
45$2,282,791$1,863,893$1,752,860$2,124,288
46$2,489,250$1,928,837$1,785,194$2,241,312
47$2,715,936$1,996,133$1,817,781$2,367,300
48$2,964,886$2,065,869$1,850,602$2,503,079
49$3,238,346$2,138,137$1,883,638$2,649,552
50$3,538,786$2,213,034$1,916,868$2,807,714
51$3,868,930$2,290,661$1,950,271$2,978,659
52$4,231,778$2,371,120$1,983,822$3,163,588
53$4,630,635$2,454,521$2,017,496$3,363,822
54$5,069,143$2,540,976$2,051,266$3,580,812
55$5,551,313$2,630,602$2,085,101$3,816,156
56$6,081,567$2,723,521$2,118,971$4,071,609
57$6,664,772$2,819,859$2,152,843$4,349,102
58$7,306,296$2,919,749$2,186,680$4,650,760
59$8,012,049$3,023,327$2,220,444$4,978,920
60$8,788,545$3,130,737$2,254,096$5,336,153
61$9,642,960$3,242,127$2,287,592$5,725,289
62$10,583,203$3,357,652$2,320,887$6,149,441
63$11,617,984$3,477,472$2,353,932$6,612,036
64$12,756,906$3,601,755$2,386,676$7,116,845
65$14,010,544$3,730,676$2,419,064$7,668,018
66$15,390,556$3,864,415$2,451,038$8,270,126
67$16,909,783$4,003,162$2,482,539$8,928,198
68$18,582,378$4,147,113$2,513,500$9,647,773
69$20,423,932$4,296,473$2,543,854$10,434,946
70$22,451,629$4,451,456$2,573,529$11,296,431
71$24,684,401$4,612,284$2,602,448$12,239,621
72$27,143,111$4,779,187$2,630,532$13,272,653
73$29,850,748$4,952,407$2,657,694$14,404,492
74$32,832,644$5,132,194$2,683,846$15,645,007
75$36,116,713$5,318,810$2,708,894$17,005,069
76$39,733,713$5,512,528$2,732,737$18,496,651
77$43,717,540$5,713,630$2,755,272$20,132,937
78$48,105,543$5,922,412$2,776,388$21,928,450
79$52,938,880$6,139,182$2,795,969$23,899,186
80$58,262,905$6,364,261$2,813,893$26,062,765
81$64,127,594$6,597,983$2,830,031$28,438,594
82$70,588,021$6,840,696$2,844,249$31,048,050
83$77,704,873$7,092,763$2,856,405$33,914,685
84$85,545,025$7,354,564$2,866,350$37,064,439
85$94,182,171$7,626,492$2,873,927$40,525,890
86$103,697,521$7,908,958$2,878,971$44,330,520
87$114,180,562$8,202,391$2,881,311$48,513,013
88$125,729,909$8,507,238$2,880,765$53,111,578
89$138,454,232$8,823,965$2,877,143$58,168,309
90$152,473,282$9,153,057$2,870,245$63,729,582
91$167,919,022$9,495,022$2,859,863$69,846,492
92$184,936,871$9,850,387$2,845,778$76,575,331
93$203,687,079$10,219,703$2,827,759$83,978,120
94$224,346,238$10,603,545$2,805,565$92,123,193
95$247,108,947$11,002,513$2,778,945$101,085,838
96$272,189,655$11,417,230$2,747,635$110,949,007
97$299,824,675$11,848,350$2,711,356$121,804,099
98$330,274,426$12,296,553$2,669,820$133,751,817
99$363,825,881$12,762,548$2,622,723$146,903,120
100$400,795,284$13,247,076$2,569,747$161,380,267