Can I retire at age 42 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$160,203$158,776$157,384$156,025$154,698$153,982
2 years$79,309$77,832$76,400$75,012$73,666$72,943
3 years$52,347$50,864$49,436$48,061$46,737$46,029
4 years$38,869$37,390$35,977$34,625$33,333$32,646
5 years$30,784$29,314$27,919$26,596$25,339$24,676
6 years$25,396$23,937$22,563$21,269$20,050$19,411
7 years$21,549$20,103$18,750$17,486$16,306$15,691
8 years$18,665$17,232$15,901$14,669$13,527$12,937
9 years$16,423$15,003$13,696$12,494$11,392$10,826
10 years$14,631$13,225$11,940$10,770$9,707$9,164
11 years$13,165$11,773$10,512$9,373$8,348$7,829
12 years$11,945$10,567$9,329$8,222$7,234$6,739
13 years$10,913$9,549$8,335$7,259$6,308$5,835
14 years$10,029$8,680$7,489$6,443$5,530$5,079
15 years$9,264$7,929$6,762$5,746$4,869$4,440
16 years$8,595$7,275$6,130$5,145$4,303$3,895
17 years$8,005$6,700$5,578$4,623$3,816$3,428
18 years$7,482$6,191$5,092$4,166$3,393$3,025
19 years$7,014$5,738$4,662$3,765$3,024$2,675
20 years$6,593$5,332$4,278$3,409$2,701$2,371
21 years$6,213$4,967$3,935$3,094$2,417$2,105
22 years$5,868$4,636$3,627$2,813$2,167$1,872
23 years$5,554$4,336$3,349$2,562$1,945$1,666
24 years$5,266$4,063$3,097$2,337$1,748$1,485
25 years$5,002$3,813$2,869$2,134$1,573$1,325
26 years$4,758$3,583$2,660$1,951$1,417$1,184
27 years$4,533$3,372$2,470$1,786$1,277$1,058
28 years$4,324$3,178$2,297$1,637$1,153$947
29 years$4,130$2,998$2,137$1,501$1,041$847
30 years$3,949$2,831$1,991$1,377$940$759
31 years$3,780$2,676$1,856$1,265$850$680
32 years$3,622$2,532$1,732$1,163$769$610
33 years$3,474$2,398$1,617$1,069$696$547
34 years$3,335$2,273$1,511$984$630$491
35 years$3,204$2,156$1,412$905$571$440
36 years$3,081$2,046$1,321$834$517$395
37 years$2,965$1,943$1,237$768$469$355
38 years$2,855$1,847$1,158$708$425$319
39 years$2,751$1,756$1,085$653$385$287
40 years$2,652$1,671$1,017$602$350$257
41 years$2,559$1,591$954$556$317$231
42 years$2,470$1,515$894$513$288$208
43 years$2,385$1,443$839$473$261$187
44 years$2,305$1,376$788$437$237$168
45 years$2,228$1,312$740$404$215$151
46 years$2,155$1,251$695$373$195$136
47 years$2,086$1,194$653$345$177$122
48 years$2,019$1,140$613$318$161$110
49 years$1,955$1,089$577$294$146$99
50 years$1,894$1,040$542$272$133$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,940,000, adding $2,336 every year, while hoping to spend $44,846 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: 33/48/19 Blend
41$1,940,000$1,940,000$1,940,000$1,940,000
42$2,140,290$2,037,470$2,007,400$2,198,274
43$2,310,883$2,089,590$2,026,932$2,293,577
44$2,497,375$2,142,761$2,045,615$2,391,933
45$2,701,338$2,196,987$2,063,374$2,496,996
46$2,924,506$2,252,271$2,080,128$2,609,381
47$3,168,787$2,308,614$2,095,795$2,729,768
48$3,436,284$2,366,016$2,110,284$2,858,902
49$3,729,310$2,424,476$2,123,504$2,997,607
50$4,050,414$2,483,990$2,135,356$3,146,789
51$4,402,404$2,544,553$2,145,738$3,307,445
52$4,788,370$2,606,157$2,154,541$3,480,676
53$5,211,717$2,668,793$2,161,652$3,667,691
54$5,676,197$2,732,448$2,166,952$3,869,826
55$6,185,939$2,797,108$2,170,315$4,088,552
56$6,745,494$2,862,756$2,171,610$4,325,487
57$7,359,875$2,929,371$2,170,699$4,582,419
58$8,034,602$2,996,930$2,167,437$4,861,314
59$8,775,758$3,065,406$2,161,672$5,164,342
60$9,590,042$3,134,769$2,153,246$5,493,893
61$10,484,838$3,204,983$2,141,991$5,852,600
62$11,468,276$3,276,012$2,127,732$6,243,369
63$12,549,315$3,347,811$2,110,286$6,669,398
64$13,737,825$3,420,334$2,089,460$7,134,216
65$15,044,680$3,493,528$2,065,054$7,641,713
66$16,481,861$3,567,334$2,036,857$8,196,173
67$18,062,567$3,641,689$2,004,648$8,802,322
68$19,801,340$3,716,524$1,968,196$9,465,368
69$21,714,206$3,791,762$1,927,258$10,191,053
70$23,818,817$3,867,321$1,881,584$10,985,706
71$26,134,625$3,943,109$1,830,906$11,856,304
72$28,683,065$4,019,029$1,774,949$12,810,536
73$31,487,750$4,094,974$1,713,423$13,856,881
74$34,574,702$4,170,829$1,646,024$15,004,684
75$37,972,593$4,246,471$1,572,437$16,264,248
76$41,713,013$4,321,763$1,492,329$17,646,928
77$45,830,773$4,396,563$1,405,355$19,165,242
78$50,364,231$4,470,713$1,311,153$20,832,992
79$55,355,650$4,544,046$1,209,345$22,665,387
80$60,851,604$4,616,382$1,099,535$24,679,197
81$66,903,410$4,687,527$981,312$26,892,906
82$73,567,616$4,757,274$854,244$29,326,889
83$80,906,533$4,825,400$717,881$32,003,606
84$88,988,822$4,891,668$571,753$34,947,814
85$97,890,145$4,955,822$415,369$38,186,804
86$107,693,872$5,017,590$248,217$41,750,658
87$118,491,877$5,076,682$69,762$45,672,534
88$130,385,394$5,132,785$0$49,988,982
89$143,485,982$5,185,569$0$54,764,756
90$157,916,570$5,234,680$0$60,036,480
91$173,812,621$5,279,740$0$65,839,069
92$191,323,409$5,320,348$0$72,226,605
93$210,613,427$5,356,076$0$79,258,690
94$231,863,941$5,386,467$0$87,001,013
95$255,274,697$5,411,038$0$95,525,970
96$281,065,810$5,429,273$0$104,913,346
97$309,479,839$5,440,624$0$115,251,074
98$340,784,077$5,444,509$0$126,636,064
99$375,273,072$5,440,308$0$139,175,118
100$413,271,408$5,427,366$0$152,985,942