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%13.3%
1 years$85,056$84,299$83,560$82,838$82,134$81,007
2 years$42,107$41,323$40,563$39,826$39,111$37,978
3 years$27,793$27,005$26,247$25,517$24,814$23,709
4 years$20,637$19,852$19,101$18,384$17,697$16,630
5 years$16,344$15,564$14,823$14,120$13,453$12,426
6 years$13,484$12,709$11,979$11,292$10,645$9,660
7 years$11,441$10,673$9,955$9,284$8,657$7,714
8 years$9,910$9,149$8,443$7,788$7,182$6,281
9 years$8,720$7,966$7,272$6,634$6,048$5,188
10 years$7,768$7,021$6,339$5,718$5,154$4,334
11 years$6,990$6,251$5,581$4,977$4,432$3,653
12 years$6,342$5,610$4,953$4,365$3,841$3,101
13 years$5,794$5,070$4,425$3,854$3,349$2,647
14 years$5,325$4,609$3,976$3,421$2,936$2,271
15 years$4,918$4,210$3,590$3,051$2,585$1,956
16 years$4,563$3,863$3,255$2,732$2,285$1,690
17 years$4,250$3,557$2,962$2,454$2,026$1,465
18 years$3,972$3,287$2,704$2,212$1,801$1,273
19 years$3,724$3,046$2,475$1,999$1,605$1,108
20 years$3,501$2,831$2,272$1,810$1,434$966
21 years$3,299$2,637$2,089$1,643$1,283$844
22 years$3,116$2,461$1,926$1,494$1,150$738
23 years$2,949$2,302$1,778$1,360$1,033$646
24 years$2,796$2,157$1,644$1,241$928$566
25 years$2,655$2,024$1,523$1,133$835$497
26 years$2,526$1,902$1,413$1,036$752$436
27 years$2,407$1,790$1,312$948$678$383
28 years$2,296$1,687$1,219$869$612$337
29 years$2,193$1,592$1,135$797$553$296
30 years$2,097$1,503$1,057$731$499$261
31 years$2,007$1,421$985$672$451$229
32 years$1,923$1,344$919$617$408$202
33 years$1,845$1,273$858$568$370$178
34 years$1,771$1,207$802$522$335$157
35 years$1,701$1,145$750$481$303$138
36 years$1,636$1,086$701$443$275$122
37 years$1,574$1,032$657$408$249$107
38 years$1,516$981$615$376$226$94
39 years$1,461$932$576$347$205$83
40 years$1,408$887$540$320$186$73
41 years$1,359$844$506$295$168$65
42 years$1,311$804$475$272$153$57
43 years$1,266$766$446$251$139$50
44 years$1,224$730$418$232$126$44
45 years$1,183$697$393$214$114$39
46 years$1,144$664$369$198$104$35
47 years$1,107$634$347$183$94$31
48 years$1,072$605$326$169$86$27
49 years$1,038$578$306$156$78$24
50 years$1,006$552$288$144$71$21

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 $5,899 every year, while hoping to spend $45,623 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: 77/14/9 Blend
41$1,030,000$1,030,000$1,030,000$1,030,000
42$1,141,145$1,086,555$1,070,590$1,226,921
43$1,208,999$1,091,253$1,057,912$1,288,839
44$1,282,245$1,094,653$1,043,281$1,350,265
45$1,361,386$1,096,642$1,026,582$1,416,297
46$1,446,971$1,097,102$1,007,696$1,487,374
47$1,539,608$1,095,906$986,500$1,563,982
48$1,639,963$1,092,920$962,863$1,646,653
49$1,748,769$1,088,003$936,648$1,735,976
50$1,866,831$1,081,003$907,713$1,832,600
51$1,995,035$1,071,760$875,909$1,937,239
52$2,134,357$1,060,104$841,080$2,050,681
53$2,285,868$1,045,855$803,063$2,173,794
54$2,450,748$1,028,824$761,687$2,307,536
55$2,630,295$1,008,807$716,775$2,452,962
56$2,825,937$985,591$668,139$2,611,235
57$3,039,246$958,949$615,585$2,783,638
58$3,271,953$928,640$558,911$2,971,584
59$3,525,961$894,412$497,903$3,176,634
60$3,803,366$855,995$432,339$3,400,505
61$4,106,475$813,105$361,989$3,645,092
62$4,437,830$765,442$286,610$3,912,485
63$4,800,226$712,686$205,949$4,204,986
64$5,196,743$654,502$119,742$4,525,134
65$5,630,772$590,534$27,715$4,875,731
66$6,106,047$520,406$0$5,259,861
67$6,626,680$443,722$0$5,687,698
68$7,197,198$360,061$0$6,159,505
69$7,822,589$268,981$0$6,676,782
70$8,508,346$170,013$0$7,244,124
71$9,260,516$62,663$0$7,866,589
72$10,085,764$0$0$8,549,755
73$10,991,429$0$0$9,308,025
74$11,985,594$0$0$10,151,027
75$13,077,165$0$0$11,076,662
76$14,275,951$0$0$12,093,255
77$15,592,758$0$0$13,209,974
78$17,039,490$0$0$14,436,919
79$18,629,261$0$0$15,785,218
80$20,376,518$0$0$17,267,129
81$22,297,179$0$0$18,896,156
82$24,408,778$0$0$20,687,180
83$26,730,635$0$0$22,656,592
84$29,284,035$0$0$24,822,453
85$32,092,427$0$0$27,204,661
86$35,181,651$0$0$29,825,138
87$38,580,173$0$0$32,708,041
88$42,319,359$0$0$35,879,984
89$46,433,768$0$0$39,370,289
90$50,961,478$0$0$43,211,268
91$55,944,447$0$0$47,438,521
92$61,428,902$0$0$52,091,275
93$67,465,783$0$0$57,212,751
94$74,111,216$0$0$62,850,575
95$81,427,046$0$0$69,057,224
96$89,481,421$0$0$75,890,521
97$98,349,430$0$0$83,414,183
98$108,113,815$0$0$91,698,417
99$118,865,747$0$0$100,820,587
100$130,705,694$0$0$110,865,940