Can I retire at age 42 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$84,231$83,480$82,748$82,034$81,336$78,202
2 years$41,698$40,922$40,169$39,439$38,732$35,611
3 years$27,523$26,743$25,992$25,269$24,573$21,564
4 years$20,436$19,659$18,916$18,205$17,526$14,652
5 years$16,186$15,413$14,679$13,983$13,323$10,592
6 years$13,353$12,586$11,863$11,182$10,542$7,955
7 years$11,330$10,569$9,858$9,194$8,573$6,130
8 years$9,814$9,060$8,361$7,712$7,112$4,810
9 years$8,635$7,888$7,201$6,569$5,990$3,825
10 years$7,692$6,953$6,278$5,663$5,103$3,073
11 years$6,922$6,190$5,527$4,928$4,389$2,487
12 years$6,280$5,556$4,905$4,323$3,804$2,026
13 years$5,738$5,021$4,382$3,816$3,317$1,658
14 years$5,273$4,564$3,938$3,388$2,907$1,362
15 years$4,871$4,169$3,555$3,021$2,560$1,123
16 years$4,519$3,825$3,223$2,705$2,262$927
17 years$4,209$3,523$2,933$2,431$2,006$768
18 years$3,934$3,255$2,677$2,190$1,784$637
19 years$3,688$3,017$2,451$1,979$1,590$529
20 years$3,467$2,803$2,249$1,793$1,420$440
21 years$3,267$2,611$2,069$1,627$1,271$366
22 years$3,085$2,438$1,907$1,479$1,139$305
23 years$2,920$2,280$1,761$1,347$1,023$254
24 years$2,769$2,136$1,628$1,229$919$212
25 years$2,630$2,005$1,508$1,122$827$177
26 years$2,502$1,884$1,399$1,026$745$147
27 years$2,383$1,773$1,299$939$672$123
28 years$2,273$1,671$1,208$860$606$103
29 years$2,171$1,576$1,124$789$547$86
30 years$2,076$1,488$1,047$724$494$72
31 years$1,988$1,407$976$665$447$60
32 years$1,905$1,331$910$611$404$50
33 years$1,827$1,261$850$562$366$42
34 years$1,754$1,195$794$517$331$35
35 years$1,685$1,133$743$476$300$29
36 years$1,620$1,076$695$438$272$24
37 years$1,559$1,022$650$404$246$20
38 years$1,501$971$609$372$223$17
39 years$1,446$923$570$343$203$14
40 years$1,395$879$535$317$184$12
41 years$1,345$836$501$292$167$10
42 years$1,299$796$470$270$151$8
43 years$1,254$759$441$249$137$7
44 years$1,212$723$414$230$125$6
45 years$1,172$690$389$212$113$5
46 years$1,133$658$365$196$103$4
47 years$1,097$628$343$181$93$3
48 years$1,061$599$323$167$85$3
49 years$1,028$572$303$155$77$2
50 years$996$547$285$143$70$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,020,000, adding $6,891 every year, while hoping to spend $21,848 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: 65/11/24 Blend
41$1,020,000$1,020,000$1,020,000$1,020,000
42$1,131,148$1,077,088$1,061,278$1,197,199
43$1,223,279$1,106,619$1,073,585$1,272,073
44$1,324,075$1,136,865$1,085,572$1,350,795
45$1,434,397$1,167,838$1,097,204$1,436,338
46$1,555,193$1,199,549$1,108,448$1,529,374
47$1,687,506$1,232,011$1,119,265$1,630,643
48$1,832,486$1,265,234$1,129,615$1,740,959
49$1,991,399$1,299,230$1,139,456$1,861,221
50$2,165,640$1,334,010$1,148,745$1,992,417
51$2,356,743$1,369,584$1,157,436$2,135,637
52$2,566,400$1,405,963$1,165,480$2,292,082
53$2,796,474$1,443,156$1,172,824$2,463,075
54$3,049,017$1,481,173$1,179,417$2,650,073
55$3,326,289$1,520,024$1,185,200$2,854,682
56$3,630,781$1,559,715$1,190,114$3,078,674
57$3,965,235$1,600,256$1,194,098$3,323,997
58$4,332,673$1,641,652$1,197,084$3,592,800
59$4,736,424$1,683,911$1,199,004$3,887,452
60$5,180,154$1,727,038$1,199,786$4,210,563
61$5,667,905$1,771,038$1,199,354$4,565,007
62$6,204,126$1,815,914$1,197,627$4,953,955
63$6,793,722$1,861,669$1,194,523$5,380,897
64$7,442,095$1,908,304$1,189,953$5,849,683
65$8,155,198$1,955,820$1,183,825$6,364,553
66$8,939,588$2,004,215$1,176,044$6,930,182
67$9,802,492$2,053,487$1,166,507$7,551,719
68$10,751,871$2,103,633$1,155,109$8,234,841
69$11,796,496$2,154,645$1,141,740$8,985,803
70$12,946,033$2,206,517$1,126,283$9,811,499
71$14,211,131$2,259,239$1,108,616$10,719,525
72$15,603,525$2,312,800$1,088,612$11,718,254
73$17,136,142$2,367,185$1,066,138$12,816,912
74$18,823,229$2,422,378$1,041,055$14,025,668
75$20,680,484$2,478,360$1,013,216$15,355,727
76$22,725,204$2,535,110$982,469$16,819,440
77$24,976,448$2,592,603$948,655$18,430,414
78$27,455,216$2,650,811$911,605$20,203,651
79$30,184,651$2,709,704$871,147$22,155,678
80$33,190,251$2,769,245$827,096$24,304,712
81$36,500,116$2,829,398$779,263$26,670,829
82$40,145,208$2,890,118$727,448$29,276,152
83$44,159,644$2,951,359$671,443$32,145,064
84$48,581,021$3,013,069$611,030$35,304,434
85$53,450,768$3,075,191$545,981$38,783,875
86$58,814,534$3,137,664$476,060$42,616,021
87$64,722,626$3,200,419$401,017$46,836,836
88$71,230,477$3,263,382$320,595$51,485,956
89$78,399,172$3,326,475$234,521$56,607,059
90$86,296,025$3,389,609$142,515$62,248,281
91$94,995,211$3,452,692$44,281$68,462,672
92$104,578,469$3,515,620$0$75,308,693
93$115,135,873$3,578,285$0$82,866,277
94$126,766,679$3,640,568$0$91,204,029
95$139,580,266$3,702,342$0$100,388,931
96$153,697,166$3,763,470$0$110,507,302
97$169,250,201$3,823,804$0$121,654,264
98$186,385,737$3,883,185$0$133,934,643
99$205,265,066$3,941,445$0$147,463,950
100$226,065,928$3,998,401$0$162,369,480