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%15.2%
1 years$85,056$84,299$83,560$82,838$82,134$80,377
2 years$42,107$41,323$40,563$39,826$39,111$37,350
3 years$27,793$27,005$26,247$25,517$24,814$23,103
4 years$20,637$19,852$19,101$18,384$17,697$16,050
5 years$16,344$15,564$14,823$14,120$13,453$11,874
6 years$13,484$12,709$11,979$11,292$10,645$9,136
7 years$11,441$10,673$9,955$9,284$8,657$7,218
8 years$9,910$9,149$8,443$7,788$7,182$5,813
9 years$8,720$7,966$7,272$6,634$6,048$4,748
10 years$7,768$7,021$6,339$5,718$5,154$3,920
11 years$6,990$6,251$5,581$4,977$4,432$3,265
12 years$6,342$5,610$4,953$4,365$3,841$2,737
13 years$5,794$5,070$4,425$3,854$3,349$2,308
14 years$5,325$4,609$3,976$3,421$2,936$1,955
15 years$4,918$4,210$3,590$3,051$2,585$1,662
16 years$4,563$3,863$3,255$2,732$2,285$1,417
17 years$4,250$3,557$2,962$2,454$2,026$1,212
18 years$3,972$3,287$2,704$2,212$1,801$1,038
19 years$3,724$3,046$2,475$1,999$1,605$891
20 years$3,501$2,831$2,272$1,810$1,434$766
21 years$3,299$2,637$2,089$1,643$1,283$660
22 years$3,116$2,461$1,926$1,494$1,150$569
23 years$2,949$2,302$1,778$1,360$1,033$491
24 years$2,796$2,157$1,644$1,241$928$424
25 years$2,655$2,024$1,523$1,133$835$366
26 years$2,526$1,902$1,413$1,036$752$316
27 years$2,407$1,790$1,312$948$678$274
28 years$2,296$1,687$1,219$869$612$237
29 years$2,193$1,592$1,135$797$553$205
30 years$2,097$1,503$1,057$731$499$178
31 years$2,007$1,421$985$672$451$154
32 years$1,923$1,344$919$617$408$133
33 years$1,845$1,273$858$568$370$116
34 years$1,771$1,207$802$522$335$100
35 years$1,701$1,145$750$481$303$87
36 years$1,636$1,086$701$443$275$75
37 years$1,574$1,032$657$408$249$65
38 years$1,516$981$615$376$226$57
39 years$1,461$932$576$347$205$49
40 years$1,408$887$540$320$186$43
41 years$1,359$844$506$295$168$37
42 years$1,311$804$475$272$153$32
43 years$1,266$766$446$251$139$28
44 years$1,224$730$418$232$126$24
45 years$1,183$697$393$214$114$21
46 years$1,144$664$369$198$104$18
47 years$1,107$634$347$183$94$16
48 years$1,072$605$326$169$86$14
49 years$1,038$578$306$156$78$12
50 years$1,006$552$288$144$71$10

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 $2,321 every year, while hoping to spend $56,356 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: 49/34/17 Blend
41$1,030,000$1,030,000$1,030,000$1,030,000
42$1,137,454$1,082,864$1,066,899$1,187,692
43$1,193,512$1,075,962$1,042,678$1,215,756
44$1,253,399$1,066,833$1,015,756$1,240,244
45$1,317,446$1,055,308$985,985$1,265,629
46$1,386,017$1,041,209$953,206$1,292,013
47$1,459,508$1,024,347$917,256$1,319,516
48$1,538,358$1,004,519$877,964$1,348,273
49$1,623,044$981,514$835,150$1,378,434
50$1,714,093$955,107$788,626$1,410,172
51$1,812,083$925,060$738,197$1,443,677
52$1,917,647$891,119$683,658$1,479,167
53$2,031,481$853,018$624,795$1,516,884
54$2,154,351$810,475$561,384$1,557,104
55$2,287,097$763,190$493,193$1,600,130
56$2,430,642$710,848$419,976$1,646,308
57$2,586,002$653,114$341,480$1,696,021
58$2,754,294$589,636$257,439$1,749,700
59$2,936,743$520,039$167,574$1,807,826
60$3,134,699$443,930$71,597$1,870,935
61$3,349,648$360,891$0$1,939,628
62$3,583,220$270,483$0$2,020,165
63$3,837,211$172,240$0$2,121,924
64$4,113,597$65,670$0$2,232,795
65$4,414,552$0$0$2,353,766
66$4,742,468$0$0$2,504,546
67$5,099,976$0$0$2,695,820
68$5,489,974$0$0$2,904,582
69$5,915,650$0$0$3,132,552
70$6,380,515$0$0$3,381,624
71$6,888,433$0$0$3,653,881
72$7,443,657$0$0$3,951,621
73$8,050,871$0$0$4,277,368
74$8,715,231$0$0$4,633,906
75$9,442,416$0$0$5,024,299
76$10,238,678$0$0$5,451,921
77$11,110,903$0$0$5,920,487
78$12,066,673$0$0$6,434,089
79$13,114,339$0$0$6,997,235
80$14,263,098$0$0$7,614,888
81$15,523,080$0$0$8,292,516
82$16,905,442$0$0$9,036,140
83$18,422,474$0$0$9,852,394
84$20,087,712$0$0$10,748,586
85$21,916,068$0$0$11,732,763
86$23,923,968$0$0$12,813,792
87$26,129,507$0$0$14,001,442
88$28,552,617$0$0$15,306,471
89$31,215,258$0$0$16,740,736
90$34,141,622$0$0$18,317,296
91$37,358,362$0$0$20,050,538
92$40,894,839$0$0$21,956,314
93$44,783,403$0$0$24,052,090
94$49,059,695$0$0$26,357,105
95$53,762,983$0$0$28,892,561
96$58,936,532$0$0$31,681,815
97$64,628,008$0$0$34,750,603
98$70,889,934$0$0$38,127,280
99$77,780,177$0$0$41,843,089
100$85,362,499$0$0$45,932,457