Can I retire at age 42 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$85,056$84,299$83,560$82,838$82,134$78,875
2 years$42,107$41,323$40,563$39,826$39,111$35,869
3 years$27,793$27,005$26,247$25,517$24,814$21,689
4 years$20,637$19,852$19,101$18,384$17,697$14,715
5 years$16,344$15,564$14,823$14,120$13,453$10,620
6 years$13,484$12,709$11,979$11,292$10,645$7,963
7 years$11,441$10,673$9,955$9,284$8,657$6,126
8 years$9,910$9,149$8,443$7,788$7,182$4,798
9 years$8,720$7,966$7,272$6,634$6,048$3,809
10 years$7,768$7,021$6,339$5,718$5,154$3,054
11 years$6,990$6,251$5,581$4,977$4,432$2,467
12 years$6,342$5,610$4,953$4,365$3,841$2,005
13 years$5,794$5,070$4,425$3,854$3,349$1,638
14 years$5,325$4,609$3,976$3,421$2,936$1,343
15 years$4,918$4,210$3,590$3,051$2,585$1,104
16 years$4,563$3,863$3,255$2,732$2,285$910
17 years$4,250$3,557$2,962$2,454$2,026$752
18 years$3,972$3,287$2,704$2,212$1,801$622
19 years$3,724$3,046$2,475$1,999$1,605$516
20 years$3,501$2,831$2,272$1,810$1,434$428
21 years$3,299$2,637$2,089$1,643$1,283$355
22 years$3,116$2,461$1,926$1,494$1,150$295
23 years$2,949$2,302$1,778$1,360$1,033$245
24 years$2,796$2,157$1,644$1,241$928$204
25 years$2,655$2,024$1,523$1,133$835$170
26 years$2,526$1,902$1,413$1,036$752$141
27 years$2,407$1,790$1,312$948$678$118
28 years$2,296$1,687$1,219$869$612$98
29 years$2,193$1,592$1,135$797$553$82
30 years$2,097$1,503$1,057$731$499$68
31 years$2,007$1,421$985$672$451$57
32 years$1,923$1,344$919$617$408$47
33 years$1,845$1,273$858$568$370$39
34 years$1,771$1,207$802$522$335$33
35 years$1,701$1,145$750$481$303$27
36 years$1,636$1,086$701$443$275$23
37 years$1,574$1,032$657$408$249$19
38 years$1,516$981$615$376$226$16
39 years$1,461$932$576$347$205$13
40 years$1,408$887$540$320$186$11
41 years$1,359$844$506$295$168$9
42 years$1,311$804$475$272$153$8
43 years$1,266$766$446$251$139$6
44 years$1,224$730$418$232$126$5
45 years$1,183$697$393$214$114$4
46 years$1,144$664$369$198$104$4
47 years$1,107$634$347$183$94$3
48 years$1,072$605$326$169$86$3
49 years$1,038$578$306$156$78$2
50 years$1,006$552$288$144$71$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,030,000, adding $3,270 every year, while hoping to spend $41,206 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: 58/31/11 Blend
41$1,030,000$1,030,000$1,030,000$1,030,000
42$1,138,433$1,083,843$1,067,878$1,201,234
43$1,210,710$1,093,108$1,059,809$1,253,211
44$1,288,979$1,101,447$1,050,089$1,304,952
45$1,373,806$1,108,769$1,038,618$1,360,358
46$1,465,817$1,114,981$1,025,294$1,419,787
47$1,565,696$1,119,982$1,010,008$1,483,633
48$1,674,200$1,123,664$992,646$1,552,330
49$1,792,159$1,125,913$973,090$1,626,359
50$1,920,486$1,126,610$951,215$1,706,250
51$2,060,186$1,125,624$926,892$1,792,589
52$2,212,366$1,122,821$899,983$1,886,023
53$2,378,242$1,118,054$870,348$1,987,268
54$2,559,155$1,111,171$837,836$2,097,113
55$2,756,578$1,102,008$802,293$2,216,429
56$2,972,135$1,090,392$763,556$2,346,179
57$3,207,611$1,076,140$721,454$2,487,427
58$3,464,975$1,059,057$675,809$2,641,345
59$3,746,390$1,038,939$626,437$2,809,231
60$4,054,241$1,015,566$573,142$2,992,514
61$4,391,153$988,708$515,721$3,192,776
62$4,760,016$958,121$453,964$3,411,760
63$5,164,014$923,545$387,648$3,651,390
64$5,606,652$884,707$316,543$3,913,794
65$6,091,790$841,317$240,406$4,201,316
66$6,623,680$793,069$158,987$4,516,546
67$7,207,004$739,638$72,022$4,862,341
68$7,846,920$680,682$0$5,241,857
69$8,549,109$615,838$0$5,661,012
70$9,319,827$544,724$0$6,130,389
71$10,165,969$466,934$0$6,645,798
72$11,095,125$382,042$0$7,211,954
73$12,115,661$289,595$0$7,834,056
74$13,236,790$189,117$0$8,517,837
75$14,468,661$80,102$0$9,269,621
76$15,822,458$0$0$10,096,382
77$17,310,499$0$0$11,018,767
78$18,946,356$0$0$12,062,911
79$20,744,981$0$0$13,211,044
80$22,722,848$0$0$14,473,696
81$24,898,106$0$0$15,862,464
82$27,290,753$0$0$17,390,128
83$29,922,820$0$0$19,070,770
84$32,818,584$0$0$20,919,904
85$36,004,790$0$0$22,954,622
86$39,510,908$0$0$25,193,759
87$43,369,409$0$0$27,658,068
88$47,616,072$0$0$30,370,414
89$52,290,319$0$0$33,355,993
90$57,435,587$0$0$36,642,568
91$63,099,740$0$0$40,260,727
92$69,335,516$0$0$44,244,177
93$76,201,029$0$0$48,630,061
94$83,760,313$0$0$53,459,303
95$92,083,928$0$0$58,777,001
96$101,249,623$0$0$64,632,847
97$111,343,073$0$0$71,081,598
98$122,458,683$0$0$78,183,591
99$134,700,482$0$0$86,005,316
100$148,183,102$0$0$94,620,037