Can I retire at age 42 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$161,029$159,595$158,195$156,829$155,496$152,294
2 years$79,717$78,233$76,794$75,399$74,046$70,834
3 years$52,617$51,126$49,691$48,309$46,978$43,857
4 years$39,070$37,583$36,162$34,804$33,505$30,499
5 years$30,943$29,466$28,063$26,733$25,470$22,588
6 years$25,527$24,061$22,679$21,378$20,153$17,398
7 years$21,660$20,206$18,847$17,576$16,390$13,761
8 years$18,761$17,320$15,983$14,744$13,597$11,095
9 years$16,508$15,081$13,767$12,559$11,451$9,073
10 years$14,706$13,293$12,002$10,826$9,757$7,501
11 years$13,233$11,834$10,566$9,422$8,391$6,255
12 years$12,006$10,621$9,377$8,264$7,271$5,251
13 years$10,969$9,599$8,378$7,296$6,341$4,433
14 years$10,081$8,725$7,528$6,477$5,558$3,760
15 years$9,312$7,970$6,797$5,776$4,894$3,201
16 years$8,639$7,313$6,162$5,172$4,325$2,733
17 years$8,047$6,735$5,607$4,647$3,835$2,340
18 years$7,520$6,223$5,119$4,188$3,410$2,008
19 years$7,050$5,768$4,686$3,784$3,039$1,726
20 years$6,627$5,359$4,300$3,427$2,715$1,487
21 years$6,245$4,992$3,956$3,110$2,430$1,282
22 years$5,899$4,660$3,646$2,828$2,178$1,107
23 years$5,583$4,358$3,366$2,575$1,955$956
24 years$5,293$4,084$3,113$2,349$1,757$827
25 years$5,027$3,832$2,883$2,145$1,581$716
26 years$4,782$3,602$2,674$1,961$1,424$620
27 years$4,556$3,390$2,483$1,795$1,284$537
28 years$4,346$3,194$2,308$1,645$1,159$466
29 years$4,151$3,013$2,148$1,508$1,046$404
30 years$3,969$2,846$2,001$1,384$945$350
31 years$3,800$2,690$1,865$1,271$855$304
32 years$3,641$2,545$1,741$1,169$773$264
33 years$3,492$2,410$1,625$1,075$700$229
34 years$3,352$2,285$1,518$989$633$199
35 years$3,221$2,167$1,420$910$574$173
36 years$3,097$2,057$1,328$838$520$150
37 years$2,980$1,953$1,243$772$471$130
38 years$2,870$1,856$1,164$712$427$113
39 years$2,765$1,765$1,091$656$387$98
40 years$2,666$1,679$1,022$605$351$86
41 years$2,572$1,599$958$559$319$74
42 years$2,483$1,523$899$515$289$65
43 years$2,398$1,451$844$476$262$56
44 years$2,317$1,383$792$439$238$49
45 years$2,240$1,319$744$406$216$42
46 years$2,166$1,258$698$375$196$37
47 years$2,096$1,200$656$346$178$32
48 years$2,029$1,146$617$320$162$28
49 years$1,965$1,094$580$296$147$24
50 years$1,904$1,045$545$273$134$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,950,000, adding $4,142 every year, while hoping to spend $44,492 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: 72/7/21 Blend
41$1,950,000$1,950,000$1,950,000$1,950,000
42$2,153,172$2,049,822$2,019,597$2,296,896
43$2,325,457$2,102,925$2,039,915$2,446,233
44$2,513,823$2,157,138$2,059,422$2,604,030
45$2,719,865$2,212,469$2,078,044$2,775,745
46$2,945,336$2,268,925$2,095,703$2,962,755
47$3,192,168$2,326,510$2,112,318$3,166,573
48$3,462,490$2,385,230$2,127,800$3,388,871
49$3,758,643$2,445,085$2,142,061$3,631,486
50$4,083,207$2,506,077$2,155,002$3,896,447
51$4,439,024$2,568,204$2,166,525$4,185,985
52$4,829,223$2,631,465$2,176,522$4,502,560
53$5,257,251$2,695,855$2,184,883$4,848,883
54$5,726,905$2,761,366$2,191,491$5,227,940
55$6,242,366$2,827,989$2,196,223$5,643,022
56$6,808,241$2,895,714$2,198,949$6,097,756
57$7,429,603$2,964,525$2,199,536$6,596,137
58$8,112,042$3,034,407$2,197,840$7,142,568
59$8,861,715$3,105,337$2,193,712$7,741,901
60$9,685,406$3,177,295$2,186,997$8,399,482
61$10,590,587$3,250,252$2,177,531$9,121,203
62$11,585,490$3,324,177$2,165,142$9,913,557
63$12,679,185$3,399,037$2,149,649$10,783,699
64$13,881,664$3,474,792$2,130,865$11,739,512
65$15,203,936$3,551,399$2,108,591$12,789,687
66$16,658,130$3,628,810$2,082,621$13,943,798
67$18,257,608$3,706,971$2,052,738$15,212,397
68$20,017,094$3,785,822$2,018,714$16,607,112
69$21,952,810$3,865,299$1,980,313$18,140,760
70$24,082,628$3,945,331$1,937,286$19,827,462
71$26,426,244$4,025,840$1,889,372$21,682,782
72$29,005,354$4,106,739$1,836,300$23,723,871
73$31,843,868$4,187,937$1,777,784$25,969,631
74$34,968,129$4,269,333$1,713,526$28,440,893
75$38,407,165$4,350,817$1,643,216$31,160,613
76$42,192,960$4,432,271$1,566,528$34,154,089
77$46,360,756$4,513,567$1,483,121$37,449,200
78$50,949,387$4,594,565$1,392,639$41,076,673
79$56,001,643$4,675,117$1,294,711$45,070,366
80$61,564,675$4,755,062$1,188,948$49,467,596
81$67,690,438$4,834,227$1,074,944$54,309,486
82$74,436,183$4,912,424$952,275$59,641,356
83$81,864,996$4,989,455$820,498$65,513,148
84$90,046,392$5,065,105$679,152$71,979,906
85$99,056,972$5,139,143$527,751$79,102,284
86$108,981,146$5,211,324$365,793$86,947,130
87$119,911,926$5,281,382$192,751$95,588,112
88$131,951,810$5,349,037$8,075$105,106,413
89$145,213,741$5,413,986$0$115,591,504
90$159,822,178$5,475,907$0$127,184,331
91$175,914,270$5,534,457$0$139,955,887
92$193,641,148$5,589,267$0$154,024,246
93$213,169,351$5,639,947$0$169,521,518
94$234,682,401$5,686,081$0$186,593,283
95$258,382,529$5,727,222$0$205,399,969
96$284,492,590$5,762,899$0$226,118,359
97$313,258,161$5,792,608$0$248,943,268
98$344,949,861$5,815,814$0$274,089,375
99$379,865,905$5,831,946$0$301,793,253
100$418,334,917$5,840,401$0$332,315,599