Can I retire at age 42 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$159,378$157,958$156,573$155,221$153,901$148,499
2 years$78,900$77,430$76,006$74,625$73,286$67,901
3 years$52,077$50,602$49,181$47,813$46,496$41,296
4 years$38,669$37,198$35,791$34,447$33,161$28,187
5 years$30,626$29,163$27,775$26,458$25,209$20,472
6 years$25,265$23,814$22,447$21,159$19,947$15,453
7 years$21,438$19,999$18,653$17,396$16,222$11,969
8 years$18,569$17,143$15,819$14,593$13,458$9,442
9 years$16,339$14,926$13,625$12,430$11,333$7,550
10 years$14,555$13,156$11,879$10,715$9,657$6,099
11 years$13,097$11,712$10,458$9,325$8,305$4,967
12 years$11,883$10,512$9,281$8,179$7,197$4,070
13 years$10,857$9,500$8,292$7,221$6,276$3,351
14 years$9,977$8,635$7,451$6,410$5,501$2,770
15 years$9,216$7,889$6,727$5,717$4,844$2,298
16 years$8,551$7,238$6,099$5,119$4,281$1,911
17 years$7,964$6,666$5,550$4,599$3,796$1,593
18 years$7,443$6,159$5,066$4,145$3,375$1,330
19 years$6,978$5,708$4,638$3,745$3,008$1,112
20 years$6,559$5,305$4,256$3,392$2,687$931
21 years$6,181$4,941$3,915$3,078$2,405$780
22 years$5,838$4,612$3,608$2,799$2,155$654
23 years$5,525$4,314$3,332$2,549$1,935$549
24 years$5,239$4,042$3,081$2,325$1,739$461
25 years$4,976$3,793$2,854$2,123$1,565$388
26 years$4,733$3,565$2,647$1,941$1,410$326
27 years$4,509$3,355$2,458$1,777$1,271$274
28 years$4,302$3,161$2,285$1,628$1,147$230
29 years$4,108$2,982$2,126$1,493$1,035$194
30 years$3,929$2,816$1,980$1,370$936$163
31 years$3,761$2,662$1,846$1,258$846$137
32 years$3,604$2,519$1,723$1,157$765$116
33 years$3,456$2,386$1,608$1,064$692$97
34 years$3,318$2,261$1,503$979$627$82
35 years$3,188$2,145$1,405$901$568$69
36 years$3,065$2,036$1,314$830$515$58
37 years$2,950$1,933$1,230$764$466$49
38 years$2,840$1,837$1,152$705$423$41
39 years$2,737$1,747$1,079$650$383$35
40 years$2,639$1,662$1,012$599$348$29
41 years$2,546$1,582$949$553$315$25
42 years$2,457$1,507$890$510$286$21
43 years$2,373$1,436$835$471$260$17
44 years$2,293$1,369$784$435$236$15
45 years$2,217$1,305$736$402$214$12
46 years$2,144$1,245$691$371$194$10
47 years$2,075$1,188$649$343$176$9
48 years$2,008$1,134$610$317$160$7
49 years$1,945$1,083$574$293$146$6
50 years$1,884$1,035$539$271$132$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,930,000, adding $6,848 every year, while hoping to spend $45,652 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: 75/17/8 Blend
41$1,930,000$1,930,000$1,930,000$1,930,000
42$2,133,924$2,031,634$2,001,719$2,290,873
43$2,303,011$2,082,610$2,020,203$2,446,111
44$2,487,814$2,134,555$2,037,776$2,609,701
45$2,689,890$2,187,466$2,054,360$2,787,662
46$2,910,949$2,241,343$2,069,871$2,981,400
47$3,152,876$2,296,179$2,084,223$3,192,466
48$3,417,749$2,351,971$2,097,324$3,422,567
49$3,707,851$2,408,710$2,109,076$3,673,583
50$4,025,701$2,466,386$2,119,379$3,947,584
51$4,374,071$2,524,987$2,128,127$4,246,852
52$4,756,014$2,584,499$2,135,206$4,573,897
53$5,174,892$2,644,904$2,140,500$4,931,486
54$5,634,409$2,706,182$2,143,885$5,322,667
55$6,138,644$2,768,311$2,145,231$5,750,797
56$6,692,092$2,831,264$2,144,403$6,219,574
57$7,299,702$2,895,012$2,141,256$6,733,072
58$7,966,925$2,959,522$2,135,643$7,295,779
59$8,699,770$3,024,756$2,127,404$7,912,640
60$9,504,851$3,090,674$2,116,377$8,589,103
61$10,389,458$3,157,230$2,102,388$9,331,170
62$11,361,621$3,224,372$2,085,257$10,145,454
63$12,430,187$3,292,047$2,064,793$11,039,241
64$13,604,901$3,360,192$2,040,798$12,020,560
65$14,896,501$3,428,742$2,013,066$13,098,256
66$16,316,817$3,497,624$1,981,377$14,282,076
67$17,878,884$3,566,758$1,945,504$15,582,759
68$19,597,060$3,636,059$1,905,208$17,012,141
69$21,487,167$3,705,434$1,860,240$18,583,259
70$23,566,639$3,774,781$1,810,339$20,310,483
71$25,854,682$3,843,991$1,755,231$22,209,646
72$28,372,459$3,912,946$1,694,631$24,298,194
73$31,143,289$3,981,518$1,628,239$26,595,353
74$34,192,863$4,049,572$1,555,744$29,122,308
75$37,549,492$4,116,958$1,476,819$31,902,403
76$41,244,369$4,183,518$1,391,121$34,961,365
77$45,311,866$4,249,082$1,298,295$38,327,541
78$49,789,856$4,313,466$1,197,967$42,032,170
79$54,720,070$4,376,475$1,089,748$46,109,677
80$60,148,493$4,437,898$973,231$50,597,998
81$66,125,795$4,497,510$847,989$55,538,935
82$72,707,810$4,555,072$713,581$60,978,558
83$79,956,061$4,610,325$569,540$66,967,630
84$87,938,344$4,662,996$415,385$73,562,097
85$96,729,363$4,712,790$250,608$80,823,608
86$106,411,436$4,759,396$74,682$88,820,100
87$117,075,276$4,802,479$0$97,626,441
88$128,820,837$4,841,684$0$107,334,787
89$141,758,269$4,876,632$0$118,033,836
90$156,008,946$4,906,921$0$129,817,453
91$171,706,619$4,932,121$0$142,796,106
92$188,998,675$4,951,776$0$157,091,528
93$208,047,527$4,965,400$0$172,837,867
94$229,032,148$4,972,478$0$190,182,953
95$252,149,759$4,972,461$0$209,289,692
96$277,617,691$4,964,768$0$230,337,603
97$305,675,435$4,948,781$0$253,524,515
98$336,586,902$4,923,844$0$279,068,435
99$370,642,915$4,889,261$0$307,209,603
100$408,163,951$4,844,294$0$338,212,763