Can I retire at age 42 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$83,405$82,662$81,937$81,230$80,539$79,631
2 years$41,290$40,521$39,775$39,053$38,352$37,438
3 years$27,253$26,481$25,737$25,021$24,332$23,441
4 years$20,236$19,466$18,730$18,027$17,354$16,492
5 years$16,027$15,262$14,535$13,846$13,192$12,362
6 years$13,222$12,462$11,747$11,073$10,438$9,641
7 years$11,219$10,466$9,762$9,104$8,489$7,725
8 years$9,717$8,971$8,279$7,637$7,043$6,311
9 years$8,550$7,811$7,130$6,505$5,931$5,232
10 years$7,617$6,885$6,216$5,607$5,053$4,387
11 years$6,854$6,129$5,473$4,880$4,346$3,711
12 years$6,219$5,501$4,857$4,280$3,766$3,162
13 years$5,681$4,972$4,339$3,779$3,284$2,710
14 years$5,221$4,519$3,899$3,355$2,879$2,334
15 years$4,823$4,128$3,520$2,992$2,535$2,019
16 years$4,475$3,788$3,192$2,679$2,240$1,752
17 years$4,168$3,488$2,904$2,407$1,986$1,525
18 years$3,895$3,223$2,651$2,169$1,766$1,330
19 years$3,652$2,987$2,427$1,960$1,574$1,163
20 years$3,433$2,776$2,227$1,775$1,406$1,019
21 years$3,235$2,586$2,049$1,611$1,258$894
22 years$3,055$2,414$1,888$1,465$1,128$785
23 years$2,891$2,257$1,743$1,334$1,013$691
24 years$2,742$2,115$1,612$1,217$910$608
25 years$2,604$1,985$1,493$1,111$819$536
26 years$2,477$1,865$1,385$1,016$738$473
27 years$2,360$1,756$1,286$930$665$417
28 years$2,251$1,654$1,196$852$600$369
29 years$2,150$1,561$1,113$781$542$326
30 years$2,056$1,474$1,036$717$490$288
31 years$1,968$1,393$966$659$443$255
32 years$1,886$1,318$901$605$400$225
33 years$1,809$1,248$842$557$362$199
34 years$1,736$1,183$786$512$328$177
35 years$1,668$1,122$735$471$297$156
36 years$1,604$1,065$688$434$269$139
37 years$1,544$1,012$644$400$244$123
38 years$1,486$962$603$369$221$109
39 years$1,432$914$565$340$201$96
40 years$1,381$870$529$314$182$85
41 years$1,332$828$496$289$165$76
42 years$1,286$789$466$267$150$67
43 years$1,242$751$437$246$136$60
44 years$1,200$716$410$228$123$53
45 years$1,160$683$385$210$112$47
46 years$1,122$652$362$194$102$42
47 years$1,086$622$340$179$92$37
48 years$1,051$594$319$166$84$33
49 years$1,018$567$300$153$76$29
50 years$986$541$282$142$69$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,010,000, adding $4,063 every year, while hoping to spend $54,507 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: 64/31/5 Blend
41$1,010,000$1,010,000$1,010,000$1,010,000
42$1,117,211$1,063,681$1,048,026$1,187,657
43$1,173,171$1,057,806$1,025,140$1,229,141
44$1,233,013$1,049,817$999,660$1,267,581
45$1,297,074$1,039,552$971,443$1,308,120
46$1,365,726$1,026,840$940,336$1,350,957
47$1,439,375$1,011,500$906,182$1,396,312
48$1,518,468$993,340$868,816$1,444,429
49$1,603,495$972,158$828,065$1,495,578
50$1,694,995$947,736$783,748$1,550,060
51$1,793,558$919,849$735,677$1,608,208
52$1,899,833$888,254$683,654$1,670,391
53$2,014,533$852,695$627,474$1,737,018
54$2,138,441$812,903$566,920$1,808,544
55$2,272,418$768,591$501,768$1,885,470
56$2,417,411$719,458$431,783$1,968,354
57$2,574,458$665,183$356,720$2,057,813
58$2,744,705$605,429$276,322$2,154,530
59$2,929,407$539,838$190,321$2,259,262
60$3,129,949$468,032$98,439$2,372,848
61$3,347,850$389,612$384$2,496,215
62$3,584,785$304,158$0$2,630,392
63$3,842,595$211,223$0$2,782,078
64$4,123,303$110,337$0$2,947,353
65$4,429,141$1,003$0$3,127,607
66$4,762,559$0$0$3,324,399
67$5,126,258$0$0$3,579,467
68$5,523,208$0$0$3,858,295
69$5,956,681$0$0$4,162,845
70$6,430,276$0$0$4,495,657
71$6,947,958$0$0$4,859,523
72$7,514,089$0$0$5,257,521
73$8,133,475$0$0$5,693,039
74$8,811,407$0$0$6,169,805
75$9,553,709$0$0$6,691,928
76$10,366,798$0$0$7,263,931
77$11,257,738$0$0$7,890,794
78$12,234,310$0$0$8,578,006
79$13,305,083$0$0$9,331,607
80$14,479,496$0$0$10,158,252
81$15,767,944$0$0$11,065,272
82$17,181,876$0$0$12,060,741
83$18,733,907$0$0$13,153,552
84$20,437,928$0$0$14,353,502
85$22,309,243$0$0$15,671,384
86$24,364,713$0$0$17,119,085
87$26,622,908$0$0$18,709,701
88$29,104,288$0$0$20,457,661
89$31,831,393$0$0$22,378,860
90$34,829,054$0$0$24,490,808
91$38,124,629$0$0$26,812,799
92$41,748,257$0$0$29,366,085
93$45,733,146$0$0$32,174,087
94$50,115,879$0$0$35,262,603
95$54,936,768$0$0$38,660,060
96$60,240,222$0$0$42,397,780
97$66,075,176$0$0$46,510,270
98$72,495,544$0$0$51,035,553
99$79,560,732$0$0$56,015,525
100$87,336,194$0$0$61,496,345