Can I retire at age 42 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$133,778$132,586$131,424$130,289$129,181$128,099
2 years$66,227$64,993$63,798$62,639$61,515$60,424
3 years$43,713$42,474$41,282$40,133$39,028$37,962
4 years$32,458$31,223$30,042$28,914$27,835$26,803
5 years$25,707$24,479$23,314$22,209$21,160$20,164
6 years$21,207$19,989$18,841$17,760$16,743$15,785
7 years$17,995$16,787$15,657$14,602$13,616$12,697
8 years$15,586$14,389$13,279$12,249$11,296$10,415
9 years$13,714$12,528$11,437$10,434$9,513$8,670
10 years$12,217$11,043$9,971$8,994$8,106$7,300
11 years$10,994$9,831$8,778$7,827$6,971$6,202
12 years$9,974$8,824$7,790$6,866$6,041$5,308
13 years$9,113$7,974$6,960$6,061$5,268$4,570
14 years$8,375$7,248$6,254$5,381$4,618$3,955
15 years$7,736$6,622$5,646$4,798$4,066$3,436
16 years$7,177$6,075$5,119$4,297$3,593$2,996
17 years$6,685$5,595$4,658$3,860$3,186$2,620
18 years$6,248$5,170$4,252$3,479$2,833$2,298
19 years$5,857$4,791$3,893$3,144$2,525$2,019
20 years$5,506$4,452$3,573$2,847$2,255$1,778
21 years$5,189$4,147$3,286$2,584$2,018$1,568
22 years$4,900$3,871$3,029$2,349$1,809$1,385
23 years$4,638$3,621$2,797$2,140$1,624$1,225
24 years$4,397$3,392$2,586$1,951$1,460$1,084
25 years$4,177$3,184$2,395$1,782$1,314$961
26 years$3,973$2,992$2,222$1,630$1,183$852
27 years$3,785$2,816$2,063$1,492$1,067$756
28 years$3,611$2,653$1,918$1,367$963$672
29 years$3,449$2,503$1,785$1,253$869$597
30 years$3,298$2,364$1,662$1,150$785$531
31 years$3,157$2,235$1,550$1,056$710$472
32 years$3,025$2,115$1,446$971$642$420
33 years$2,901$2,003$1,350$893$581$374
34 years$2,785$1,898$1,261$821$526$333
35 years$2,676$1,800$1,179$756$477$297
36 years$2,573$1,709$1,103$696$432$264
37 years$2,476$1,623$1,033$642$391$236
38 years$2,384$1,542$967$591$355$210
39 years$2,297$1,467$906$545$322$187
40 years$2,215$1,395$849$503$292$167
41 years$2,137$1,328$796$464$265$149
42 years$2,062$1,265$747$428$240$133
43 years$1,992$1,205$701$395$218$118
44 years$1,925$1,149$658$365$198$106
45 years$1,861$1,095$618$337$180$94
46 years$1,800$1,045$580$311$163$84
47 years$1,742$997$545$288$148$75
48 years$1,686$952$512$266$135$67
49 years$1,633$909$481$246$122$60
50 years$1,582$868$453$227$111$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,620,000, adding $2,974 every year, while hoping to spend $36,464 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: 48/30/22 Blend
41$1,620,000$1,620,000$1,620,000$1,620,000
42$1,788,308$1,702,448$1,677,338$1,862,862
43$1,931,918$1,747,070$1,694,731$1,959,797
44$2,088,954$1,792,657$1,711,485$2,061,105
45$2,260,747$1,839,217$1,727,540$2,170,369
46$2,448,763$1,886,758$1,742,832$2,288,352
47$2,654,615$1,935,288$1,757,295$2,415,896
48$2,880,080$1,984,812$1,770,859$2,553,926
49$3,127,116$2,035,335$1,783,450$2,703,462
50$3,397,877$2,086,862$1,794,991$2,865,628
51$3,694,738$2,139,395$1,805,401$3,041,662
52$4,020,312$2,192,936$1,814,592$3,232,928
53$4,377,479$2,247,485$1,822,476$3,440,929
54$4,769,410$2,303,041$1,828,958$3,667,321
55$5,199,600$2,359,600$1,833,938$3,913,927
56$5,671,895$2,417,157$1,837,311$4,182,759
57$6,190,536$2,475,705$1,838,969$4,476,031
58$6,760,192$2,535,235$1,838,795$4,796,185
59$7,386,006$2,595,737$1,836,670$5,145,910
60$8,073,647$2,657,195$1,832,466$5,528,172
61$8,829,356$2,719,595$1,826,050$5,946,238
62$9,660,011$2,782,916$1,817,284$6,403,707
63$10,573,190$2,847,137$1,806,021$6,904,548
64$11,577,241$2,912,233$1,792,109$7,453,135
65$12,681,362$2,978,174$1,775,386$8,054,286
66$13,895,684$3,044,928$1,755,685$8,713,314
67$15,231,374$3,112,459$1,732,830$9,436,073
68$16,700,731$3,180,726$1,706,637$10,229,015
69$18,317,309$3,249,685$1,676,913$11,099,252
70$20,096,040$3,319,286$1,643,456$12,054,620
71$22,053,379$3,389,474$1,606,054$13,103,759
72$24,207,454$3,460,188$1,564,487$14,256,188
73$26,578,241$3,531,364$1,518,524$15,522,401
74$29,187,748$3,602,928$1,467,922$16,913,962
75$32,060,230$3,674,802$1,412,428$18,443,618
76$35,222,407$3,746,902$1,351,778$20,125,417
77$38,703,726$3,819,133$1,285,696$21,974,843
78$42,536,630$3,891,395$1,213,891$24,008,960
79$46,756,873$3,963,580$1,136,063$26,246,577
80$51,403,848$4,035,569$1,051,895$28,708,424
81$56,520,964$4,107,236$961,057$31,417,347
82$62,156,055$4,178,442$863,205$34,398,527
83$68,361,828$4,249,042$757,978$37,679,716
84$75,196,365$4,318,875$645,000$41,291,501
85$82,723,665$4,387,772$523,880$45,267,594
86$91,014,255$4,455,548$394,205$49,645,149
87$100,145,847$4,522,008$255,549$54,465,114
88$110,204,078$4,586,941$107,464$59,772,620
89$121,283,314$4,650,121$0$65,617,406
90$133,487,542$4,711,307$0$72,066,161
91$146,931,352$4,770,241$0$79,195,125
92$161,741,014$4,826,648$0$87,045,748
93$178,055,676$4,880,232$0$95,691,542
94$196,028,672$4,930,680$0$105,213,513
95$215,828,969$4,977,657$0$115,700,932
96$237,642,767$5,020,804$0$127,252,178
97$261,675,247$5,059,742$0$139,975,665
98$288,152,518$5,094,065$0$153,990,863
99$317,323,742$5,123,341$0$169,429,435
100$349,463,490$5,147,111$0$186,436,471