Can I retire at age 42 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$158,552$157,140$155,762$154,417$153,103$151,379
2 years$78,491$77,029$75,612$74,239$72,906$71,170
3 years$51,808$50,339$48,926$47,566$46,255$44,561
4 years$38,468$37,005$35,606$34,268$32,989$31,351
5 years$30,467$29,012$27,632$26,321$25,078$23,499
6 years$25,135$23,691$22,330$21,049$19,843$18,327
7 years$21,327$19,895$18,557$17,306$16,138$14,684
8 years$18,473$17,054$15,738$14,517$13,388$11,997
9 years$16,254$14,849$13,555$12,366$11,275$9,946
10 years$14,480$13,088$11,817$10,659$9,607$8,339
11 years$13,029$11,652$10,404$9,277$8,262$7,054
12 years$11,822$10,458$9,233$8,137$7,160$6,011
13 years$10,800$9,451$8,249$7,184$6,243$5,152
14 years$9,926$8,591$7,412$6,377$5,473$4,437
15 years$9,168$7,848$6,692$5,687$4,819$3,838
16 years$8,506$7,200$6,067$5,092$4,259$3,330
17 years$7,923$6,631$5,521$4,575$3,776$2,898
18 years$7,405$6,127$5,040$4,123$3,358$2,529
19 years$6,942$5,679$4,614$3,726$2,993$2,211
20 years$6,525$5,277$4,234$3,374$2,673$1,937
21 years$6,149$4,915$3,895$3,062$2,392$1,699
22 years$5,808$4,588$3,590$2,784$2,144$1,493
23 years$5,497$4,291$3,314$2,536$1,925$1,313
24 years$5,212$4,021$3,065$2,313$1,730$1,156
25 years$4,950$3,773$2,839$2,112$1,557$1,019
26 years$4,709$3,546$2,633$1,931$1,402$899
27 years$4,486$3,337$2,445$1,768$1,264$793
28 years$4,279$3,145$2,273$1,620$1,141$701
29 years$4,087$2,967$2,115$1,485$1,030$619
30 years$3,908$2,802$1,970$1,363$931$547
31 years$3,741$2,649$1,837$1,252$841$484
32 years$3,585$2,506$1,714$1,151$761$428
33 years$3,438$2,373$1,600$1,058$689$379
34 years$3,301$2,249$1,495$973$624$336
35 years$3,171$2,134$1,398$896$565$297
36 years$3,049$2,025$1,308$825$512$263
37 years$2,934$1,923$1,224$760$464$233
38 years$2,825$1,828$1,146$701$421$207
39 years$2,723$1,738$1,074$646$381$183
40 years$2,625$1,654$1,006$596$346$162
41 years$2,532$1,574$944$550$314$144
42 years$2,444$1,499$885$508$285$128
43 years$2,361$1,428$831$469$258$113
44 years$2,281$1,362$780$433$235$100
45 years$2,205$1,298$732$400$213$89
46 years$2,133$1,239$688$369$193$79
47 years$2,064$1,182$646$341$176$70
48 years$1,998$1,128$607$315$159$62
49 years$1,935$1,078$571$291$145$55
50 years$1,875$1,029$536$269$132$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,920,000, adding $5,461 every year, while hoping to spend $37,318 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: 38/45/17 Blend
41$1,920,000$1,920,000$1,920,000$1,920,000
42$2,121,473$2,019,713$1,989,953$2,191,044
43$2,298,157$2,078,973$2,016,910$2,300,757
44$2,491,612$2,139,886$2,043,520$2,415,281
45$2,703,510$2,202,493$2,069,731$2,538,260
46$2,935,690$2,266,838$2,095,489$2,670,476
47$3,190,180$2,332,962$2,120,738$2,812,787
48$3,469,212$2,400,911$2,145,416$2,966,140
49$3,775,245$2,470,729$2,169,461$3,131,573
50$4,110,987$2,542,461$2,192,804$3,310,231
51$4,479,420$2,616,154$2,215,376$3,503,372
52$4,883,830$2,691,855$2,237,100$3,712,381
53$5,327,837$2,769,612$2,257,899$3,938,783
54$5,815,427$2,849,474$2,277,690$4,184,255
55$6,350,992$2,931,490$2,296,384$4,450,645
56$6,939,370$3,015,709$2,313,889$4,739,987
57$7,585,890$3,102,184$2,330,109$5,054,518
58$8,296,425$3,190,965$2,344,942$5,396,705
59$9,077,443$3,282,105$2,358,280$5,769,263
60$9,936,070$3,375,656$2,370,010$6,175,180
61$10,880,158$3,471,672$2,380,015$6,617,750
62$11,918,358$3,570,207$2,388,169$7,100,597
63$13,060,199$3,671,316$2,394,341$7,627,717
64$14,316,182$3,775,053$2,398,394$8,203,509
65$15,697,876$3,881,475$2,400,184$8,832,818
66$17,218,029$3,990,636$2,399,560$9,520,981
67$18,890,685$4,102,595$2,396,362$10,273,881
68$20,731,319$4,217,406$2,390,424$11,097,993
69$22,756,982$4,335,127$2,381,571$12,000,455
70$24,986,461$4,455,815$2,369,621$12,989,129
71$27,440,457$4,579,527$2,354,381$14,072,677
72$30,141,781$4,706,321$2,335,649$15,260,644
73$33,115,564$4,836,253$2,313,215$16,563,543
74$36,389,503$4,969,380$2,286,859$17,992,960
75$39,994,112$5,105,759$2,256,348$19,561,661
76$43,963,016$5,245,447$2,221,441$21,283,710
77$48,333,269$5,388,498$2,181,884$23,174,606
78$53,145,697$5,534,969$2,137,412$25,251,425
79$58,445,289$5,684,914$2,087,746$27,532,984
80$64,281,619$5,838,386$2,032,597$30,040,017
81$70,709,315$5,995,437$1,971,660$32,795,371
82$77,788,572$6,156,120$1,904,617$35,824,222
83$85,585,721$6,320,484$1,831,136$39,154,313
84$94,173,854$6,488,578$1,750,868$42,816,213
85$103,633,515$6,660,447$1,663,451$46,843,609
86$114,053,462$6,836,136$1,568,504$51,273,624
87$125,531,496$7,015,688$1,465,631$56,147,165
88$138,175,394$7,199,143$1,354,415$61,509,309
89$152,103,920$7,386,536$1,234,424$67,409,732
90$167,447,947$7,577,904$1,105,204$73,903,174
91$184,351,691$7,773,275$966,282$81,049,961
92$202,974,075$7,972,677$817,164$88,916,567
93$223,490,226$8,176,132$657,333$97,576,250
94$246,093,126$8,383,660$486,251$107,109,739
95$270,995,440$8,595,275$303,356$117,605,995
96$298,431,515$8,810,984$108,059$129,163,056
97$328,659,599$9,030,790$0$141,888,959
98$361,964,270$9,254,692$0$155,920,965
99$398,659,133$9,482,678$0$171,394,175
100$439,089,768$9,714,733$0$188,433,674