Can I retire at age 42 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$162,681$161,232$159,818$158,438$157,091$151,396
2 years$80,535$79,035$77,582$76,172$74,805$69,131
3 years$53,157$51,650$50,200$48,804$47,459$41,983
4 years$39,470$37,968$36,533$35,161$33,848$28,613
5 years$31,260$29,768$28,351$27,007$25,731$20,749
6 years$25,789$24,308$22,912$21,598$20,360$15,635
7 years$21,883$20,413$19,040$17,757$16,558$12,090
8 years$18,954$17,498$16,147$14,896$13,737$9,521
9 years$16,677$15,235$13,908$12,688$11,568$7,599
10 years$14,857$13,429$12,125$10,937$9,857$6,127
11 years$13,369$11,955$10,675$9,518$8,477$4,980
12 years$12,129$10,730$9,474$8,349$7,346$4,072
13 years$11,082$9,697$8,464$7,371$6,406$3,346
14 years$10,184$8,814$7,605$6,543$5,615$2,761
15 years$9,407$8,052$6,866$5,835$4,944$2,285
16 years$8,728$7,388$6,225$5,225$4,370$1,896
17 years$8,129$6,804$5,665$4,694$3,875$1,577
18 years$7,598$6,287$5,171$4,231$3,445$1,313
19 years$7,122$5,827$4,734$3,823$3,071$1,096
20 years$6,695$5,414$4,345$3,462$2,743$915
21 years$6,310$5,043$3,996$3,142$2,454$765
22 years$5,959$4,708$3,683$2,857$2,200$640
23 years$5,640$4,403$3,401$2,602$1,975$536
24 years$5,347$4,125$3,145$2,373$1,775$449
25 years$5,079$3,871$2,913$2,167$1,597$377
26 years$4,831$3,639$2,702$1,982$1,439$316
27 years$4,603$3,424$2,509$1,814$1,297$265
28 years$4,391$3,227$2,332$1,662$1,170$222
29 years$4,194$3,044$2,170$1,524$1,057$187
30 years$4,010$2,875$2,022$1,399$955$157
31 years$3,839$2,718$1,885$1,285$863$131
32 years$3,678$2,571$1,758$1,180$781$110
33 years$3,528$2,435$1,642$1,086$707$93
34 years$3,387$2,308$1,534$999$640$78
35 years$3,254$2,189$1,434$919$580$65
36 years$3,129$2,078$1,342$847$525$55
37 years$3,011$1,973$1,256$780$476$46
38 years$2,899$1,875$1,176$719$432$39
39 years$2,793$1,783$1,102$663$391$33
40 years$2,693$1,697$1,033$612$355$27
41 years$2,598$1,615$968$564$322$23
42 years$2,508$1,538$908$521$292$19
43 years$2,422$1,466$852$481$265$16
44 years$2,341$1,397$800$444$241$14
45 years$2,263$1,332$751$410$219$11
46 years$2,189$1,271$706$379$198$10
47 years$2,118$1,213$663$350$180$8
48 years$2,050$1,158$623$323$164$7
49 years$1,985$1,106$586$299$149$6
50 years$1,923$1,056$550$276$135$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,970,000, adding $2,240 every year, while hoping to spend $36,515 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: 35/35/30 Blend
41$1,970,000$1,970,000$1,970,000$1,970,000
42$2,173,251$2,068,841$2,038,306$2,229,629
43$2,356,070$2,131,362$2,067,737$2,334,812
44$2,556,314$2,195,723$2,096,931$2,444,804
45$2,775,720$2,261,976$2,125,840$2,562,797
46$3,016,204$2,330,173$2,154,416$2,689,531
47$3,279,873$2,400,368$2,182,605$2,825,826
48$3,569,052$2,472,617$2,210,354$2,972,579
49$3,886,297$2,546,978$2,237,603$3,130,780
50$4,234,428$2,623,508$2,264,291$3,301,519
51$4,616,547$2,702,267$2,290,352$3,485,995
52$5,036,074$2,783,317$2,315,718$3,685,528
53$5,496,774$2,866,721$2,340,316$3,901,570
54$6,002,798$2,952,543$2,364,069$4,135,722
55$6,558,714$3,040,848$2,386,896$4,389,746
56$7,169,558$3,131,705$2,408,713$4,665,583
57$7,840,877$3,225,183$2,429,428$4,965,369
58$8,578,781$3,321,351$2,448,949$5,291,458
59$9,390,002$3,420,283$2,467,174$5,646,442
60$10,281,958$3,522,053$2,484,000$6,033,178
61$11,262,820$3,626,735$2,499,316$6,454,809
62$12,341,591$3,734,409$2,513,007$6,914,803
63$13,528,191$3,845,152$2,524,950$7,416,975
64$14,833,548$3,959,046$2,535,017$7,965,532
65$16,269,704$4,076,174$2,543,074$8,565,107
66$17,849,927$4,196,619$2,548,980$9,220,804
67$19,588,835$4,320,469$2,552,587$9,938,247
68$21,502,535$4,447,811$2,553,737$10,723,634
69$23,608,775$4,578,736$2,552,270$11,583,792
70$25,927,111$4,713,334$2,548,011$12,526,244
71$28,479,090$4,851,701$2,540,783$13,559,281
72$31,288,454$4,993,931$2,530,396$14,692,035
73$34,381,365$5,140,123$2,516,653$15,934,573
74$37,786,650$5,290,374$2,499,346$17,297,986
75$41,536,072$5,444,787$2,478,259$18,794,494
76$45,664,635$5,603,464$2,453,164$20,437,566
77$50,210,905$5,766,511$2,423,822$22,242,041
78$55,217,381$5,934,035$2,389,984$24,224,275
79$60,730,895$6,106,143$2,351,389$26,402,288
80$66,803,049$6,282,947$2,307,763$28,795,941
81$73,490,707$6,464,559$2,258,821$31,427,117
82$80,856,530$6,651,092$2,204,262$34,319,935
83$88,969,564$6,842,664$2,143,773$37,500,971
84$97,905,896$7,039,391$2,077,026$40,999,514
85$107,749,369$7,241,393$2,003,678$44,847,840
86$118,592,375$7,448,791$1,923,371$49,081,517
87$130,536,722$7,661,708$1,835,729$53,739,743
88$143,694,603$7,880,267$1,740,362$58,865,714
89$158,189,647$8,104,594$1,636,858$64,507,034
90$174,158,088$8,334,816$1,524,790$70,716,162
91$191,750,053$8,571,062$1,403,710$77,550,910
92$211,130,975$8,813,460$1,273,151$85,074,990
93$232,483,157$9,062,143$1,132,624$93,358,612
94$256,007,492$9,317,241$981,620$102,479,151
95$281,925,357$9,578,886$819,605$112,521,876
96$310,480,705$9,847,213$646,023$123,580,757
97$341,942,366$10,122,356$460,294$135,759,351
98$376,606,584$10,404,448$261,811$149,171,781
99$414,799,814$10,693,624$49,940$163,943,815
100$456,881,804$10,990,020$0$180,214,051