Can I retire at age 42 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$137,081$135,860$134,669$133,506$132,371$130,825
2 years$67,862$66,598$65,373$64,186$63,034$61,478
3 years$44,792$43,523$42,301$41,124$39,991$38,474
4 years$33,259$31,994$30,784$29,628$28,522$27,054
5 years$26,341$25,083$23,890$22,757$21,682$20,269
6 years$21,731$20,483$19,306$18,199$17,156$15,799
7 years$18,439$17,201$16,044$14,962$13,953$12,651
8 years$15,971$14,745$13,606$12,552$11,575$10,330
9 years$14,053$12,838$11,719$10,691$9,748$8,559
10 years$12,519$11,316$10,217$9,216$8,306$7,172
11 years$11,265$10,074$8,995$8,021$7,143$6,063
12 years$10,221$9,042$7,983$7,035$6,190$5,163
13 years$9,338$8,171$7,132$6,211$5,398$4,422
14 years$8,582$7,427$6,408$5,513$4,732$3,807
15 years$7,927$6,785$5,786$4,917$4,166$3,290
16 years$7,354$6,225$5,246$4,403$3,682$2,853
17 years$6,850$5,733$4,773$3,956$3,265$2,481
18 years$6,402$5,298$4,357$3,565$2,903$2,163
19 years$6,002$4,910$3,989$3,221$2,587$1,890
20 years$5,642$4,562$3,661$2,917$2,311$1,654
21 years$5,317$4,250$3,367$2,648$2,068$1,450
22 years$5,021$3,967$3,104$2,407$1,854$1,273
23 years$4,752$3,710$2,866$2,192$1,664$1,119
24 years$4,506$3,476$2,650$2,000$1,496$985
25 years$4,280$3,262$2,455$1,826$1,346$867
26 years$4,071$3,066$2,276$1,670$1,212$764
27 years$3,878$2,885$2,114$1,528$1,093$674
28 years$3,700$2,719$1,965$1,400$986$595
29 years$3,534$2,565$1,829$1,284$891$525
30 years$3,379$2,422$1,703$1,179$805$464
31 years$3,235$2,290$1,588$1,082$728$410
32 years$3,099$2,167$1,482$995$658$363
33 years$2,973$2,052$1,383$915$596$321
34 years$2,854$1,945$1,293$842$539$284
35 years$2,742$1,845$1,208$775$488$251
36 years$2,636$1,751$1,131$714$443$222
37 years$2,537$1,663$1,058$657$401$197
38 years$2,443$1,580$991$606$364$174
39 years$2,354$1,503$928$559$330$154
40 years$2,269$1,430$870$515$299$136
41 years$2,189$1,361$816$475$271$121
42 years$2,113$1,296$765$439$246$107
43 years$2,041$1,235$718$405$223$95
44 years$1,972$1,177$674$374$203$84
45 years$1,907$1,123$633$345$184$74
46 years$1,844$1,071$595$319$167$66
47 years$1,785$1,022$559$295$152$58
48 years$1,727$976$525$272$138$52
49 years$1,673$932$493$252$125$46
50 years$1,621$890$464$233$114$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,660,000, adding $5,267 every year, while hoping to spend $24,365 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: 27/48/25 Blend
41$1,660,000$1,660,000$1,660,000$1,660,000
42$1,834,753$1,746,773$1,721,043$1,869,799
43$1,995,974$1,806,441$1,752,774$1,957,875
44$2,172,822$1,868,215$1,784,751$2,049,910
45$2,366,867$1,932,175$1,816,957$2,148,222
46$2,579,835$1,998,399$1,849,373$2,253,361
47$2,813,630$2,066,973$1,881,979$2,365,930
48$3,070,348$2,137,982$1,914,752$2,486,591
49$3,352,297$2,211,517$1,947,670$2,616,070
50$3,662,021$2,287,671$1,980,707$2,755,166
51$4,002,323$2,366,542$2,013,836$2,904,752
52$4,376,289$2,448,232$2,047,029$3,065,793
53$4,787,320$2,532,845$2,080,254$3,239,344
54$5,239,162$2,620,490$2,113,478$3,426,566
55$5,735,944$2,711,281$2,146,667$3,628,737
56$6,282,213$2,805,336$2,179,782$3,847,260
57$6,882,978$2,902,778$2,212,785$4,083,675
58$7,543,762$3,003,734$2,245,633$4,339,680
59$8,270,645$3,108,336$2,278,281$4,617,139
60$9,070,329$3,216,722$2,310,682$4,918,103
61$9,950,197$3,329,036$2,342,784$5,244,827
62$10,918,384$3,445,426$2,374,535$5,599,795
63$11,983,855$3,566,048$2,405,877$5,985,736
64$13,156,485$3,691,061$2,436,751$6,405,654
65$14,447,157$3,820,633$2,467,092$6,862,856
66$15,867,862$3,954,939$2,496,835$7,360,979
67$17,431,812$4,094,160$2,525,907$7,904,027
68$19,153,566$4,238,483$2,554,235$8,496,409
69$21,049,166$4,388,105$2,581,738$9,142,975
70$23,136,288$4,543,229$2,608,333$9,849,066
71$25,434,410$4,704,068$2,633,933$10,620,561
72$27,964,995$4,870,842$2,658,444$11,463,934
73$30,751,692$5,043,781$2,681,770$12,386,312
74$33,820,561$5,223,123$2,703,806$13,395,542
75$37,200,319$5,409,116$2,724,444$14,500,266
76$40,922,609$5,602,021$2,743,571$15,710,001
77$45,022,301$5,802,105$2,761,065$17,035,224
78$49,537,817$6,009,650$2,776,802$18,487,479
79$54,511,497$6,224,946$2,790,649$20,079,475
80$59,989,999$6,448,297$2,802,465$21,825,212
81$66,024,736$6,680,021$2,812,104$23,740,108
82$72,672,362$6,920,444$2,819,412$25,841,147
83$79,995,308$7,169,912$2,824,228$28,147,035
84$88,062,372$7,428,780$2,826,382$30,678,379
85$96,949,364$7,697,420$2,825,696$33,457,876
86$106,739,824$7,976,219$2,821,982$36,510,530
87$117,525,813$8,265,581$2,815,045$39,863,884
88$129,408,777$8,565,925$2,804,680$43,548,282
89$142,500,505$8,877,688$2,790,670$47,597,150
90$156,924,189$9,201,327$2,772,790$52,047,314
91$172,815,581$9,537,317$2,750,803$56,939,344
92$190,324,276$9,886,151$2,724,460$62,317,935
93$209,615,125$10,248,346$2,693,503$68,232,330
94$230,869,791$10,624,438$2,657,658$74,736,780
95$254,288,461$11,014,987$2,616,642$81,891,059
96$280,091,740$11,420,576$2,570,154$89,761,021
97$308,522,727$11,841,814$2,517,884$98,419,225
98$339,849,316$12,279,334$2,459,504$107,945,613
99$374,366,721$12,733,796$2,394,672$118,428,269
100$412,400,263$13,205,889$2,323,031$129,964,243