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

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$86,708$85,936$85,182$84,447$83,728$81,178
2 years$42,925$42,125$41,351$40,599$39,871$37,323
3 years$28,332$27,529$26,757$26,012$25,296$22,831
4 years$21,037$20,237$19,472$18,740$18,041$15,678
5 years$16,662$15,866$15,111$14,394$13,715$11,459
6 years$13,745$12,956$12,212$11,511$10,852$8,707
7 years$11,663$10,880$10,148$9,464$8,825$6,790
8 years$10,102$9,326$8,606$7,939$7,322$5,395
9 years$8,889$8,120$7,413$6,762$6,166$4,346
10 years$7,919$7,158$6,463$5,829$5,254$3,537
11 years$7,125$6,372$5,690$5,073$4,518$2,903
12 years$6,465$5,719$5,049$4,450$3,915$2,397
13 years$5,906$5,168$4,511$3,929$3,414$1,990
14 years$5,428$4,698$4,053$3,487$2,993$1,659
15 years$5,014$4,292$3,660$3,110$2,635$1,388
16 years$4,652$3,938$3,318$2,785$2,329$1,164
17 years$4,333$3,626$3,019$2,502$2,065$979
18 years$4,049$3,351$2,756$2,255$1,836$825
19 years$3,796$3,106$2,523$2,037$1,637$696
20 years$3,569$2,886$2,316$1,845$1,462$588
21 years$3,363$2,688$2,130$1,675$1,308$497
22 years$3,176$2,509$1,963$1,523$1,173$421
23 years$3,006$2,347$1,813$1,387$1,053$357
24 years$2,850$2,199$1,676$1,265$946$302
25 years$2,707$2,063$1,553$1,155$851$257
26 years$2,575$1,939$1,440$1,056$767$218
27 years$2,453$1,825$1,337$967$691$185
28 years$2,340$1,720$1,243$886$624$157
29 years$2,235$1,622$1,157$812$563$133
30 years$2,137$1,532$1,077$745$509$113
31 years$2,046$1,448$1,004$685$460$96
32 years$1,961$1,371$937$629$416$82
33 years$1,880$1,298$875$579$377$70
34 years$1,805$1,230$818$532$341$59
35 years$1,734$1,167$764$490$309$50
36 years$1,668$1,107$715$451$280$43
37 years$1,605$1,052$669$416$254$36
38 years$1,545$1,000$627$383$230$31
39 years$1,489$951$587$353$209$26
40 years$1,436$904$550$326$189$22
41 years$1,385$861$516$301$172$19
42 years$1,337$820$484$278$156$16
43 years$1,291$781$454$256$141$14
44 years$1,248$745$426$237$128$12
45 years$1,206$710$400$218$116$10
46 years$1,167$677$376$202$106$9
47 years$1,129$646$353$186$96$7
48 years$1,093$617$332$172$87$6
49 years$1,058$589$312$159$79$5
50 years$1,025$563$293$147$72$4

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 $6,458 every year, while hoping to spend $24,721 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: 36/49/15 Blend
41$1,050,000$1,050,000$1,050,000$1,050,000
42$1,163,761$1,108,111$1,091,836$1,200,092
43$1,256,162$1,136,106$1,102,110$1,254,899
44$1,357,159$1,164,644$1,111,899$1,311,207
45$1,467,603$1,193,725$1,121,162$1,371,462
46$1,588,431$1,223,350$1,129,853$1,436,030
47$1,720,674$1,253,517$1,137,926$1,505,311
48$1,865,468$1,284,224$1,145,331$1,579,747
49$2,024,063$1,315,469$1,152,018$1,659,825
50$2,197,837$1,347,246$1,157,930$1,746,081
51$2,388,306$1,379,551$1,163,010$1,839,104
52$2,597,142$1,412,377$1,167,199$1,939,546
53$2,826,183$1,445,717$1,170,433$2,048,121
54$3,077,457$1,479,560$1,172,646$2,165,619
55$3,353,195$1,513,896$1,173,767$2,292,910
56$3,655,856$1,548,712$1,173,724$2,430,950
57$3,988,149$1,583,995$1,172,439$2,580,795
58$4,353,057$1,619,727$1,169,832$2,743,608
59$4,753,866$1,655,891$1,165,819$2,920,670
60$5,194,196$1,692,466$1,160,310$3,113,393
61$5,678,037$1,729,429$1,153,213$3,323,334
62$6,209,781$1,766,756$1,144,430$3,552,208
63$6,794,270$1,804,418$1,133,860$3,801,904
64$7,436,836$1,842,385$1,121,394$4,074,507
65$8,143,354$1,880,623$1,106,922$4,372,313
66$8,920,298$1,919,095$1,090,326$4,697,852
67$9,774,800$1,957,762$1,071,483$5,053,915
68$10,714,716$1,996,579$1,050,264$5,443,577
69$11,748,705$2,035,499$1,026,536$5,870,226
70$12,886,305$2,074,471$1,000,157$6,337,599
71$14,138,027$2,113,438$970,981$6,849,814
72$15,515,449$2,152,340$938,852$7,411,410
73$17,031,331$2,191,111$903,610$8,027,391
74$18,699,733$2,229,682$865,087$8,703,271
75$20,536,145$2,267,975$823,107$9,445,130
76$22,557,635$2,305,910$777,484$10,259,668
77$24,783,012$2,343,397$728,028$11,154,273
78$27,232,999$2,380,344$674,537$12,137,087
79$29,930,432$2,416,647$616,800$13,217,083
80$32,900,472$2,452,198$554,599$14,404,155
81$36,170,845$2,486,882$487,704$15,709,207
82$39,772,105$2,520,572$415,875$17,144,257
83$43,737,916$2,553,137$338,863$18,722,556
84$48,105,374$2,584,432$256,406$20,458,706
85$52,915,359$2,614,305$168,232$22,368,803
86$58,212,914$2,642,594$74,056$24,470,591
87$64,047,675$2,669,126$0$26,783,625
88$70,474,339$2,693,714$0$29,333,695
89$77,553,178$2,716,162$0$32,153,252
90$85,350,607$2,736,259$0$35,256,670
91$93,939,815$2,753,782$0$38,672,870
92$103,401,450$2,768,491$0$42,433,723
93$113,824,386$2,780,135$0$46,574,357
94$125,306,554$2,788,442$0$51,133,484
95$137,955,874$2,793,127$0$56,153,771
96$151,891,268$2,793,886$0$61,682,239
97$167,243,785$2,790,394$0$67,770,712
98$184,157,837$2,782,308$0$74,476,304
99$202,792,560$2,769,265$0$81,861,960
100$223,323,319$2,750,878$0$89,997,051