Can I retire at age 42 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$143,688$142,408$141,159$139,940$138,750$135,013
2 years$71,132$69,808$68,524$67,279$66,071$62,333
3 years$46,951$45,620$44,339$43,106$41,918$38,295
4 years$34,862$33,536$32,268$31,056$29,897$26,417
5 years$27,611$26,292$25,041$23,854$22,727$19,401
6 years$22,778$21,470$20,237$19,076$17,983$14,813
7 years$19,328$18,030$16,817$15,683$14,625$11,612
8 years$16,741$15,455$14,262$13,156$12,133$9,274
9 years$14,730$13,457$12,284$11,206$10,218$7,511
10 years$13,122$11,861$10,709$9,660$8,706$6,149
11 years$11,808$10,559$9,428$8,407$7,487$5,075
12 years$10,713$9,478$8,367$7,374$6,488$4,217
13 years$9,788$8,565$7,476$6,510$5,658$3,522
14 years$8,995$7,785$6,717$5,779$4,960$2,954
15 years$8,309$7,112$6,065$5,154$4,367$2,487
16 years$7,709$6,525$5,498$4,615$3,860$2,100
17 years$7,180$6,009$5,003$4,146$3,422$1,777
18 years$6,711$5,553$4,567$3,737$3,043$1,507
19 years$6,291$5,146$4,181$3,376$2,712$1,280
20 years$5,914$4,782$3,837$3,058$2,423$1,089
21 years$5,573$4,455$3,530$2,775$2,168$928
22 years$5,263$4,158$3,253$2,523$1,943$791
23 years$4,981$3,889$3,004$2,298$1,744$675
24 years$4,723$3,644$2,778$2,096$1,568$576
25 years$4,486$3,419$2,573$1,914$1,411$493
26 years$4,267$3,214$2,386$1,750$1,271$421
27 years$4,065$3,025$2,216$1,602$1,146$360
28 years$3,878$2,850$2,060$1,468$1,034$308
29 years$3,704$2,689$1,917$1,346$934$264
30 years$3,542$2,539$1,786$1,235$843$226
31 years$3,391$2,400$1,665$1,135$763$193
32 years$3,249$2,271$1,553$1,043$690$166
33 years$3,116$2,151$1,450$959$624$142
34 years$2,991$2,039$1,355$882$565$122
35 years$2,874$1,934$1,267$812$512$104
36 years$2,764$1,835$1,185$748$464$89
37 years$2,659$1,743$1,109$689$420$77
38 years$2,561$1,656$1,039$635$381$66
39 years$2,467$1,575$973$586$346$56
40 years$2,379$1,499$912$540$313$48
41 years$2,295$1,427$855$498$284$41
42 years$2,215$1,359$802$460$258$35
43 years$2,139$1,294$753$425$234$30
44 years$2,067$1,234$707$392$213$26
45 years$1,999$1,177$664$362$193$22
46 years$1,933$1,122$623$334$175$19
47 years$1,871$1,071$585$309$159$16
48 years$1,811$1,023$550$286$145$14
49 years$1,754$977$517$264$131$12
50 years$1,699$933$486$244$119$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,740,000, adding $3,998 every year, while hoping to spend $42,862 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: 52/27/21 Blend
41$1,740,000$1,740,000$1,740,000$1,740,000
42$1,921,604$1,829,384$1,802,414$2,010,177
43$2,072,003$1,873,419$1,817,190$2,115,686
44$2,236,306$1,918,175$1,831,024$2,225,622
45$2,415,886$1,963,642$1,843,841$2,344,296
46$2,612,254$2,009,809$1,855,558$2,472,554
47$2,827,076$2,056,662$1,866,090$2,611,327
48$3,062,183$2,104,183$1,875,350$2,761,642
49$3,319,594$2,152,356$1,883,242$2,924,628
50$3,601,530$2,201,159$1,889,668$3,101,533
51$3,910,438$2,250,569$1,894,525$3,293,729
52$4,249,015$2,300,558$1,897,703$3,502,730
53$4,620,227$2,351,098$1,899,088$3,730,203
54$5,027,343$2,402,155$1,898,561$3,977,988
55$5,473,965$2,453,694$1,895,996$4,248,109
56$5,964,058$2,505,674$1,891,261$4,542,799
57$6,501,991$2,558,050$1,884,217$4,864,519
58$7,092,575$2,610,776$1,874,719$5,215,982
59$7,741,112$2,663,798$1,862,616$5,600,178
60$8,453,439$2,717,058$1,847,748$6,020,401
61$9,235,990$2,770,494$1,829,947$6,480,284
62$10,095,851$2,824,038$1,809,040$6,983,830
63$11,040,828$2,877,616$1,784,843$7,535,453
64$12,079,521$2,931,148$1,757,164$8,140,016
65$13,221,406$2,984,548$1,725,803$8,802,881
66$14,476,920$3,037,722$1,690,549$9,529,959
67$15,857,566$3,090,570$1,651,182$10,327,763
68$17,376,014$3,142,984$1,607,472$11,203,475
69$19,046,223$3,194,846$1,559,179$12,165,008
70$20,883,577$3,246,033$1,506,050$13,221,088
71$22,905,022$3,296,408$1,447,823$14,381,331
72$25,129,231$3,345,829$1,384,222$15,656,336
73$27,576,778$3,394,140$1,314,958$17,057,788
74$30,270,332$3,441,176$1,239,732$18,598,564
75$33,234,872$3,486,759$1,158,229$20,292,861
76$36,497,919$3,530,700$1,070,120$22,156,324
77$40,089,799$3,572,797$975,061$24,206,200
78$44,043,927$3,612,833$872,695$26,461,498
79$48,397,123$3,650,577$762,645$28,943,171
80$53,189,957$3,685,783$644,522$31,674,313
81$58,467,135$3,718,189$517,916$34,680,379
82$64,277,917$3,747,514$382,400$37,989,426
83$70,676,583$3,773,461$237,529$41,632,377
84$77,722,946$3,795,712$82,838$45,643,318
85$85,482,915$3,813,931$0$50,059,816
86$94,029,116$3,827,757$0$54,941,707
87$103,441,578$3,836,809$0$60,337,204
88$113,808,488$3,840,682$0$66,278,147
89$125,227,023$3,838,944$0$72,820,099
90$137,804,266$3,831,139$0$80,024,291
91$151,658,216$3,816,780$0$87,958,205
92$166,918,903$3,795,351$0$96,696,205
93$183,729,615$3,766,307$0$106,320,245
94$202,248,246$3,729,066$0$116,920,640
95$222,648,790$3,683,014$0$128,596,921
96$245,122,984$3,627,499$0$141,458,774
97$269,882,112$3,561,830$0$155,627,077
98$297,159,004$3,485,276$0$171,235,042
99$327,210,230$3,397,061$0$188,429,475
100$360,318,522$3,296,366$0$207,372,158