Can I retire at age 42 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$155,249$153,866$152,517$151,200$149,914$149,157
2 years$76,856$75,424$74,037$72,692$71,388$70,623
3 years$50,728$49,291$47,907$46,575$45,291$44,544
4 years$37,667$36,234$34,864$33,554$32,302$31,577
5 years$29,832$28,408$27,056$25,773$24,556$23,855
6 years$24,611$23,197$21,865$20,611$19,430$18,755
7 years$20,883$19,481$18,170$16,945$15,802$15,153
8 years$18,088$16,699$15,410$14,215$13,109$12,486
9 years$15,915$14,539$13,272$12,108$11,040$10,442
10 years$14,178$12,816$11,571$10,437$9,406$8,834
11 years$12,758$11,409$10,187$9,084$8,090$7,543
12 years$11,575$10,240$9,041$7,967$7,010$6,488
13 years$10,575$9,254$8,077$7,034$6,113$5,615
14 years$9,719$8,412$7,257$6,244$5,359$4,884
15 years$8,977$7,684$6,553$5,569$4,718$4,266
16 years$8,329$7,050$5,941$4,986$4,170$3,741
17 years$7,758$6,493$5,406$4,480$3,697$3,290
18 years$7,250$6,000$4,935$4,037$3,288$2,901
19 years$6,797$5,560$4,518$3,648$2,930$2,564
20 years$6,390$5,167$4,146$3,304$2,617$2,270
21 years$6,021$4,813$3,814$2,999$2,342$2,014
22 years$5,687$4,493$3,515$2,726$2,100$1,790
23 years$5,382$4,202$3,245$2,483$1,885$1,592
24 years$5,103$3,937$3,001$2,265$1,694$1,418
25 years$4,847$3,695$2,780$2,068$1,524$1,265
26 years$4,611$3,472$2,578$1,891$1,373$1,129
27 years$4,392$3,268$2,394$1,731$1,238$1,008
28 years$4,190$3,079$2,226$1,586$1,117$901
29 years$4,002$2,905$2,071$1,454$1,009$806
30 years$3,827$2,743$1,929$1,335$911$721
31 years$3,663$2,593$1,799$1,226$824$646
32 years$3,510$2,454$1,678$1,127$745$578
33 years$3,367$2,324$1,567$1,036$675$518
34 years$3,232$2,203$1,464$953$611$465
35 years$3,105$2,089$1,369$877$553$417
36 years$2,986$1,983$1,280$808$501$374
37 years$2,873$1,883$1,198$745$454$335
38 years$2,767$1,790$1,122$686$412$301
39 years$2,666$1,702$1,051$633$373$270
40 years$2,570$1,619$985$584$339$243
41 years$2,480$1,541$924$538$307$218
42 years$2,394$1,468$867$497$279$196
43 years$2,312$1,399$813$459$253$176
44 years$2,234$1,333$764$424$230$158
45 years$2,159$1,271$717$391$209$142
46 years$2,089$1,213$673$361$189$127
47 years$2,021$1,157$633$334$172$115
48 years$1,956$1,105$594$308$156$103
49 years$1,895$1,055$559$285$142$92
50 years$1,836$1,008$525$264$129$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,880,000, adding $4,365 every year, while hoping to spend $49,068 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: 40/48/12 Blend
41$1,880,000$1,880,000$1,880,000$1,880,000
42$2,076,262$1,976,622$1,947,482$2,151,705
43$2,235,833$2,021,269$1,960,515$2,250,016
44$2,410,036$2,066,459$1,972,340$2,351,137
45$2,600,311$2,112,166$1,982,864$2,459,446
46$2,808,244$2,158,364$1,991,992$2,575,616
47$3,035,581$2,205,020$1,999,620$2,700,388
48$3,284,245$2,252,101$2,005,642$2,834,579
49$3,556,352$2,299,568$2,009,945$2,979,089
50$3,854,233$2,347,380$2,012,412$3,134,911
51$4,180,455$2,395,492$2,012,917$3,303,137
52$4,537,844$2,443,853$2,011,333$3,484,973
53$4,929,512$2,492,410$2,007,521$3,681,745
54$5,358,888$2,541,104$2,001,338$3,894,919
55$5,829,748$2,589,871$1,992,636$4,126,108
56$6,346,248$2,638,641$1,981,256$4,377,090
57$6,912,971$2,687,340$1,967,033$4,649,826
58$7,534,961$2,735,886$1,949,795$4,946,479
59$8,217,775$2,784,193$1,929,361$5,269,431
60$8,967,534$2,832,165$1,905,542$5,621,311
61$9,790,983$2,879,701$1,878,138$6,005,015
62$10,695,550$2,926,693$1,846,942$6,423,737
63$11,689,418$2,973,023$1,811,736$6,880,998
64$12,781,603$3,018,565$1,772,293$7,380,682
65$13,982,036$3,063,184$1,728,375$7,927,068
66$15,301,659$3,106,736$1,679,731$8,524,877
67$16,752,529$3,149,066$1,626,102$9,179,312
68$18,347,924$3,190,009$1,567,215$9,896,111
69$20,102,480$3,229,386$1,502,783$10,681,600
70$22,032,316$3,267,010$1,432,510$11,542,753
71$24,155,197$3,302,677$1,356,084$12,487,259
72$26,490,692$3,336,174$1,273,177$13,523,597
73$29,060,365$3,367,269$1,183,452$14,661,115
74$31,887,975$3,395,718$1,086,550$15,910,117
75$34,999,700$3,421,259$982,101$17,281,966
76$38,424,384$3,443,616$869,716$18,789,189
77$42,193,810$3,462,491$748,990$20,445,596
78$46,342,996$3,477,571$619,499$22,266,414
79$50,910,530$3,488,520$480,800$24,268,427
80$55,938,930$3,494,983$332,432$26,470,143
81$61,475,045$3,496,582$173,913$28,891,962
82$67,570,500$3,492,915$4,740$31,556,376
83$74,282,179$3,483,556$0$34,488,181
84$81,672,763$3,468,052$0$37,737,220
85$89,811,322$3,445,923$0$41,313,228
86$98,773,963$3,416,660$0$45,248,889
87$108,644,554$3,379,722$0$49,580,899
88$119,515,507$3,334,538$0$54,349,705
89$131,488,658$3,280,499$0$59,599,891
90$144,676,221$3,216,963$0$65,380,596
91$159,201,850$3,143,250$0$71,745,983
92$175,201,807$3,058,637$0$78,755,754
93$192,826,242$2,962,361$0$86,475,710
94$212,240,616$2,853,613$0$94,978,378
95$233,627,258$2,731,540$0$104,343,697
96$257,187,087$2,595,234$0$114,659,778
97$283,141,510$2,443,740$0$126,023,734
98$311,734,505$2,276,045$0$138,542,600
99$343,234,932$2,091,079$0$152,334,350
100$377,939,063$1,887,710$0$167,529,010