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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$82,579$81,843$81,126$80,425$79,741$78,036
2 years$40,881$40,119$39,381$38,666$37,972$36,262
3 years$26,983$26,218$25,482$24,774$24,091$22,430
4 years$20,036$19,273$18,545$17,848$17,182$15,582
5 years$15,868$15,111$14,391$13,709$13,061$11,528
6 years$13,091$12,339$11,630$10,963$10,335$8,870
7 years$11,108$10,362$9,665$9,013$8,405$7,008
8 years$9,621$8,882$8,197$7,561$6,973$5,643
9 years$8,466$7,734$7,060$6,440$5,872$4,609
10 years$7,542$6,817$6,155$5,552$5,003$3,806
11 years$6,786$6,069$5,419$4,832$4,303$3,170
12 years$6,157$5,447$4,809$4,238$3,729$2,658
13 years$5,625$4,922$4,296$3,742$3,252$2,241
14 years$5,170$4,474$3,860$3,321$2,850$1,898
15 years$4,775$4,087$3,485$2,962$2,510$1,613
16 years$4,430$3,750$3,160$2,652$2,218$1,376
17 years$4,126$3,454$2,875$2,383$1,967$1,176
18 years$3,857$3,191$2,625$2,148$1,749$1,008
19 years$3,615$2,958$2,403$1,940$1,559$865
20 years$3,399$2,748$2,205$1,757$1,392$744
21 years$3,203$2,560$2,029$1,595$1,246$640
22 years$3,025$2,390$1,870$1,450$1,117$552
23 years$2,863$2,235$1,726$1,321$1,002$476
24 years$2,714$2,094$1,596$1,205$901$411
25 years$2,578$1,965$1,479$1,100$811$355
26 years$2,453$1,847$1,371$1,006$730$307
27 years$2,336$1,738$1,273$921$658$266
28 years$2,229$1,638$1,184$844$594$230
29 years$2,129$1,545$1,102$774$537$199
30 years$2,036$1,459$1,026$710$485$173
31 years$1,949$1,380$957$652$438$149
32 years$1,867$1,305$893$599$396$130
33 years$1,791$1,236$833$551$359$112
34 years$1,719$1,172$779$507$325$97
35 years$1,652$1,111$728$467$294$84
36 years$1,588$1,055$681$430$267$73
37 years$1,528$1,002$637$396$242$63
38 years$1,472$952$597$365$219$55
39 years$1,418$905$559$337$199$48
40 years$1,367$861$524$310$180$41
41 years$1,319$820$492$286$163$36
42 years$1,273$781$461$264$148$31
43 years$1,230$744$433$244$135$27
44 years$1,188$709$406$225$122$24
45 years$1,149$676$381$208$111$20
46 years$1,111$645$358$192$101$18
47 years$1,075$616$336$178$91$15
48 years$1,041$588$316$164$83$13
49 years$1,008$561$297$152$75$12
50 years$976$536$279$140$69$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,000,000, adding $3,163 every year, while hoping to spend $26,270 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: 57/15/28 Blend
41$1,000,000$1,000,000$1,000,000$1,000,000
42$1,105,263$1,052,263$1,036,763$1,159,607
43$1,190,048$1,075,872$1,043,543$1,220,879
44$1,282,602$1,099,759$1,049,670$1,284,613
45$1,383,687$1,123,907$1,055,094$1,353,546
46$1,494,147$1,148,302$1,059,764$1,428,190
47$1,614,907$1,172,926$1,063,623$1,509,108
48$1,746,988$1,197,760$1,066,615$1,596,921
49$1,891,513$1,222,782$1,068,678$1,692,315
50$2,049,719$1,247,970$1,069,751$1,796,043
51$2,222,968$1,273,299$1,069,765$1,908,940
52$2,412,760$1,298,740$1,068,652$2,031,921
53$2,620,747$1,324,263$1,066,337$2,165,999
54$2,848,749$1,349,837$1,062,744$2,312,290
55$3,098,767$1,375,425$1,057,793$2,472,023
56$3,373,011$1,400,990$1,051,398$2,646,554
57$3,673,909$1,426,490$1,043,471$2,837,378
58$4,004,140$1,451,880$1,033,919$3,046,142
59$4,366,652$1,477,112$1,022,646$3,274,663
60$4,764,695$1,502,135$1,009,548$3,524,945
61$5,201,846$1,526,892$994,520$3,799,195
62$5,682,047$1,551,323$977,450$4,099,849
63$6,209,643$1,575,364$958,221$4,429,590
64$6,789,415$1,598,946$936,711$4,791,377
65$7,426,636$1,621,995$912,791$5,188,472
66$8,127,112$1,644,431$886,328$5,624,471
67$8,897,239$1,666,170$857,182$6,103,340
68$9,744,065$1,687,121$825,206$6,629,448
69$10,675,356$1,707,186$790,247$7,207,613
70$11,699,667$1,726,263$752,144$7,843,147
71$12,826,424$1,744,240$710,731$8,541,905
72$14,066,011$1,761,000$665,833$9,310,341
73$15,429,872$1,776,417$617,266$10,155,570
74$16,930,615$1,790,357$564,840$11,085,436
75$18,582,130$1,802,677$508,355$12,108,584
76$20,399,724$1,813,225$447,602$13,234,545
77$22,400,263$1,821,840$382,364$14,473,823
78$24,602,330$1,828,350$312,413$15,838,001
79$27,026,400$1,832,572$237,512$17,339,841
80$29,695,037$1,834,312$157,412$18,993,414
81$32,633,101$1,833,363$71,855$20,814,230
82$35,867,986$1,829,507$0$22,819,382
83$39,429,878$1,822,510$0$25,033,525
84$43,352,039$1,812,127$0$27,494,904
85$47,671,120$1,798,094$0$30,205,010
86$52,427,509$1,780,135$0$33,189,167
87$57,665,707$1,757,955$0$36,475,283
88$63,434,756$1,731,241$0$40,094,111
89$69,788,693$1,699,664$0$44,079,541
90$76,787,065$1,662,873$0$48,468,923
91$84,495,489$1,620,496$0$53,303,413
92$92,986,270$1,572,141$0$58,628,366
93$102,339,086$1,517,393$0$64,493,766
94$112,641,738$1,455,811$0$70,954,694
95$123,990,979$1,386,929$0$78,071,849
96$136,493,426$1,310,256$0$85,912,124
97$150,266,566$1,225,269$0$94,549,234
98$165,439,867$1,131,419$0$104,064,416
99$182,155,998$1,028,122$0$114,547,193
100$200,572,173$914,764$0$126,096,220