Can I retire at age 42 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$87,534$86,754$85,993$85,251$84,526$83,783
2 years$43,334$42,527$41,744$40,986$40,250$39,502
3 years$28,602$27,792$27,011$26,260$25,537$24,805
4 years$21,238$20,430$19,657$18,919$18,213$17,505
5 years$16,820$16,017$15,255$14,532$13,845$13,162
6 years$13,876$13,079$12,328$11,621$10,955$10,298
7 years$11,774$10,984$10,245$9,554$8,909$8,279
8 years$10,199$9,415$8,688$8,015$7,391$6,787
9 years$8,974$8,198$7,483$6,827$6,225$5,646
10 years$7,994$7,226$6,524$5,885$5,304$4,751
11 years$7,193$6,433$5,744$5,122$4,561$4,034
12 years$6,526$5,774$5,097$4,492$3,953$3,451
13 years$5,963$5,218$4,554$3,966$3,447$2,969
14 years$5,480$4,743$4,092$3,521$3,021$2,567
15 years$5,062$4,333$3,695$3,140$2,660$2,229
16 years$4,696$3,975$3,350$2,811$2,351$1,943
17 years$4,374$3,661$3,048$2,526$2,085$1,698
18 years$4,088$3,383$2,782$2,276$1,854$1,488
19 years$3,832$3,135$2,547$2,057$1,652$1,306
20 years$3,603$2,913$2,338$1,863$1,476$1,149
21 years$3,395$2,714$2,150$1,691$1,321$1,013
22 years$3,206$2,533$1,982$1,537$1,184$894
23 years$3,035$2,369$1,830$1,400$1,063$790
24 years$2,877$2,220$1,692$1,277$955$699
25 years$2,733$2,083$1,567$1,166$859$619
26 years$2,600$1,958$1,454$1,066$774$548
27 years$2,477$1,843$1,350$976$698$486
28 years$2,363$1,736$1,255$894$630$432
29 years$2,256$1,638$1,168$820$569$383
30 years$2,158$1,547$1,088$753$514$341
31 years$2,065$1,462$1,014$691$465$303
32 years$1,979$1,384$946$635$420$269
33 years$1,898$1,310$883$584$380$239
34 years$1,822$1,242$825$537$344$213
35 years$1,751$1,178$772$495$312$190
36 years$1,684$1,118$722$456$283$169
37 years$1,620$1,062$676$420$256$150
38 years$1,560$1,009$633$387$232$134
39 years$1,503$960$593$357$211$119
40 years$1,449$913$556$329$191$106
41 years$1,398$869$521$304$173$95
42 years$1,350$828$489$280$157$84
43 years$1,303$789$459$259$143$75
44 years$1,259$752$430$239$130$67
45 years$1,218$717$404$221$118$60
46 years$1,178$684$380$204$107$53
47 years$1,140$653$357$188$97$47
48 years$1,103$623$335$174$88$42
49 years$1,068$595$315$161$80$38
50 years$1,035$568$296$149$73$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,060,000, adding $3,558 every year, while hoping to spend $23,206 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: 75/13/12 Blend
41$1,060,000$1,060,000$1,060,000$1,060,000
42$1,171,790$1,115,610$1,099,180$1,256,622
43$1,266,622$1,145,584$1,111,312$1,343,056
44$1,370,348$1,176,249$1,123,072$1,434,494
45$1,483,853$1,207,614$1,134,424$1,534,061
46$1,608,107$1,239,688$1,145,328$1,642,555
47$1,744,182$1,272,481$1,155,745$1,760,859
48$1,893,256$1,306,000$1,165,629$1,889,942
49$2,056,627$1,340,253$1,174,937$2,030,872
50$2,235,725$1,375,248$1,183,620$2,184,828
51$2,432,125$1,410,991$1,191,627$2,353,103
52$2,647,561$1,447,488$1,198,905$2,537,128
53$2,883,943$1,484,746$1,205,400$2,738,473
54$3,143,376$1,522,769$1,211,051$2,958,872
55$3,428,176$1,561,561$1,215,798$3,200,234
56$3,740,898$1,601,126$1,219,575$3,464,660
57$4,084,354$1,641,465$1,222,314$3,754,468
58$4,461,641$1,682,580$1,223,945$4,072,210
59$4,876,174$1,724,471$1,224,392$4,420,697
60$5,331,711$1,767,137$1,223,577$4,803,026
61$5,832,395$1,810,577$1,221,416$5,222,612
62$6,382,789$1,854,785$1,217,824$5,683,214
63$6,987,922$1,899,758$1,212,709$6,188,977
64$7,653,332$1,945,488$1,205,977$6,744,465
65$8,385,122$1,991,968$1,197,528$7,354,710
66$9,190,016$2,039,186$1,187,256$8,025,254
67$10,075,422$2,087,130$1,175,054$8,762,205
68$11,049,502$2,135,786$1,160,805$9,572,292
69$12,121,250$2,185,138$1,144,390$10,462,933
70$13,300,574$2,235,166$1,125,684$11,442,298
71$14,598,392$2,285,849$1,104,553$12,519,391
72$16,026,733$2,337,161$1,080,862$13,704,136
73$17,598,854$2,389,076$1,054,465$15,007,466
74$19,329,359$2,441,563$1,025,211$16,441,429
75$21,234,342$2,494,587$992,944$18,019,303
76$23,331,534$2,548,111$957,497$19,755,718
77$25,640,476$2,602,094$918,698$21,666,796
78$28,182,697$2,656,489$876,367$23,770,304
79$30,981,921$2,711,247$830,315$26,085,819
80$34,064,292$2,766,312$780,344$28,634,916
81$37,458,613$2,821,625$726,250$31,441,370
82$41,196,628$2,877,121$667,816$34,531,380
83$45,313,314$2,932,730$604,817$37,933,818
84$49,847,212$2,988,374$537,019$41,680,498
85$54,840,794$3,043,970$464,175$45,806,482
86$60,340,860$3,099,430$386,030$50,350,407
87$66,398,982$3,154,656$302,316$55,354,850
88$73,071,987$3,209,544$212,753$60,866,731
89$80,422,499$3,263,980$117,049$66,937,756
90$88,519,524$3,317,845$14,901$73,624,906
91$97,439,104$3,371,008$0$80,990,972
92$107,265,035$3,423,330$0$89,117,201
93$118,089,656$3,474,661$0$98,070,618
94$130,014,722$3,524,839$0$107,933,391
95$143,152,361$3,573,694$0$118,798,172
96$157,626,138$3,621,041$0$130,767,061
97$173,572,216$3,666,684$0$143,952,569
98$191,140,642$3,710,412$0$158,478,682
99$210,496,765$3,752,000$0$174,482,030
100$231,822,797$3,791,209$0$192,113,178