Can I retire at age 42 with 1,050,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$86,708$85,936$85,182$84,447$83,728$80,951
2 years$42,925$42,125$41,351$40,599$39,871$37,099
3 years$28,332$27,529$26,757$26,012$25,296$22,618
4 years$21,037$20,237$19,472$18,740$18,041$15,477
5 years$16,662$15,866$15,111$14,394$13,715$11,271
6 years$13,745$12,956$12,212$11,511$10,852$8,530
7 years$11,663$10,880$10,148$9,464$8,825$6,626
8 years$10,102$9,326$8,606$7,939$7,322$5,243
9 years$8,889$8,120$7,413$6,762$6,166$4,205
10 years$7,919$7,158$6,463$5,829$5,254$3,408
11 years$7,125$6,372$5,690$5,073$4,518$2,784
12 years$6,465$5,719$5,049$4,450$3,915$2,289
13 years$5,906$5,168$4,511$3,929$3,414$1,891
14 years$5,428$4,698$4,053$3,487$2,993$1,569
15 years$5,014$4,292$3,660$3,110$2,635$1,306
16 years$4,652$3,938$3,318$2,785$2,329$1,090
17 years$4,333$3,626$3,019$2,502$2,065$912
18 years$4,049$3,351$2,756$2,255$1,836$764
19 years$3,796$3,106$2,523$2,037$1,637$641
20 years$3,569$2,886$2,316$1,845$1,462$539
21 years$3,363$2,688$2,130$1,675$1,308$453
22 years$3,176$2,509$1,963$1,523$1,173$382
23 years$3,006$2,347$1,813$1,387$1,053$322
24 years$2,850$2,199$1,676$1,265$946$271
25 years$2,707$2,063$1,553$1,155$851$229
26 years$2,575$1,939$1,440$1,056$767$193
27 years$2,453$1,825$1,337$967$691$163
28 years$2,340$1,720$1,243$886$624$138
29 years$2,235$1,622$1,157$812$563$116
30 years$2,137$1,532$1,077$745$509$98
31 years$2,046$1,448$1,004$685$460$83
32 years$1,961$1,371$937$629$416$70
33 years$1,880$1,298$875$579$377$59
34 years$1,805$1,230$818$532$341$50
35 years$1,734$1,167$764$490$309$42
36 years$1,668$1,107$715$451$280$36
37 years$1,605$1,052$669$416$254$30
38 years$1,545$1,000$627$383$230$26
39 years$1,489$951$587$353$209$22
40 years$1,436$904$550$326$189$18
41 years$1,385$861$516$301$172$16
42 years$1,337$820$484$278$156$13
43 years$1,291$781$454$256$141$11
44 years$1,248$745$426$237$128$9
45 years$1,206$710$400$218$116$8
46 years$1,167$677$376$202$106$7
47 years$1,129$646$353$186$96$6
48 years$1,093$617$332$172$87$5
49 years$1,058$589$312$159$79$4
50 years$1,025$563$293$147$72$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,050,000, adding $6,284 every year, while hoping to spend $29,598 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: 78/10/12 Blend
41$1,050,000$1,050,000$1,050,000$1,050,000
42$1,163,582$1,107,932$1,091,657$1,251,204
43$1,250,775$1,130,729$1,096,735$1,332,533
44$1,345,870$1,153,650$1,100,992$1,417,293
45$1,449,642$1,176,672$1,104,368$1,509,415
46$1,562,942$1,199,766$1,106,802$1,609,622
47$1,686,711$1,222,903$1,108,228$1,718,709
48$1,821,981$1,246,051$1,108,579$1,837,553
49$1,969,890$1,269,174$1,107,783$1,967,119
50$2,131,691$1,292,236$1,105,766$2,108,471
51$2,308,763$1,315,195$1,102,449$2,262,782
52$2,502,626$1,338,008$1,097,750$2,431,340
53$2,714,950$1,360,627$1,091,581$2,615,570
54$2,947,580$1,383,002$1,083,853$2,817,037
55$3,202,542$1,405,078$1,074,471$3,037,468
56$3,482,070$1,426,797$1,063,336$3,278,764
57$3,788,627$1,448,095$1,050,343$3,543,022
58$4,124,920$1,468,905$1,035,383$3,832,550
59$4,493,936$1,489,156$1,018,342$4,149,892
60$4,898,962$1,508,769$999,101$4,497,851
61$5,343,620$1,527,663$977,535$4,879,518
62$5,831,900$1,545,748$953,513$5,298,295
63$6,368,196$1,562,932$926,898$5,757,933
64$6,957,349$1,579,113$897,546$6,262,566
65$7,604,694$1,594,185$865,309$6,816,749
66$8,316,105$1,608,032$830,029$7,425,500
67$9,098,056$1,620,534$791,543$8,094,351
68$9,957,677$1,631,559$749,679$8,829,397
69$10,902,825$1,640,971$704,259$9,637,354
70$11,942,157$1,648,623$655,095$10,525,624
71$13,085,209$1,654,357$601,993$11,502,364
72$14,342,489$1,658,009$544,748$12,576,564
73$15,725,572$1,659,401$483,146$13,758,129
74$17,247,215$1,658,345$416,966$15,057,976
75$18,921,470$1,654,644$345,974$16,488,136
76$20,763,823$1,648,085$269,927$18,061,867
77$22,791,336$1,638,444$188,573$19,793,779
78$25,022,808$1,625,483$101,645$21,699,974
79$27,478,953$1,608,950$8,868$23,798,197
80$30,182,594$1,588,577$0$26,108,003
81$33,158,882$1,564,080$0$28,662,484
82$36,435,528$1,535,160$0$31,475,809
83$40,043,066$1,501,497$0$34,573,055
84$44,015,143$1,462,755$0$37,983,108
85$48,388,834$1,418,577$0$41,737,798
86$53,204,993$1,368,584$0$45,872,201
87$58,508,635$1,312,378$0$50,424,970
88$64,349,366$1,249,534$0$55,438,698
89$70,781,846$1,179,606$0$60,960,323
90$77,866,308$1,102,120$0$67,041,568
91$85,669,123$1,016,576$0$73,739,430
92$94,263,429$922,445$0$81,116,722
93$103,729,821$819,166$0$89,242,659
94$114,157,108$706,150$0$98,193,515
95$125,643,153$582,772$0$108,053,347
96$138,295,799$448,372$0$118,914,780
97$152,233,881$302,253$0$130,879,887
98$167,588,353$143,680$0$144,061,155
99$184,503,520$0$0$158,582,539
100$203,138,400$0$0$174,583,735