Can I retire at age 42 with 1,070,000?

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 $1,070,000?

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$88,360$87,573$86,805$86,055$85,323$83,498
2 years$43,742$42,928$42,138$41,373$40,630$38,800
3 years$28,872$28,054$27,266$26,508$25,777$24,000
4 years$21,438$20,622$19,843$19,097$18,385$16,673
5 years$16,979$16,168$15,399$14,669$13,976$12,335
6 years$14,007$13,203$12,445$11,731$11,059$9,491
7 years$11,885$11,088$10,341$9,644$8,994$7,498
8 years$10,295$9,504$8,770$8,090$7,461$6,038
9 years$9,058$8,275$7,554$6,891$6,283$4,932
10 years$8,070$7,294$6,586$5,940$5,354$4,072
11 years$7,261$6,493$5,798$5,170$4,604$3,392
12 years$6,588$5,828$5,146$4,535$3,990$2,844
13 years$6,019$5,267$4,597$4,003$3,479$2,398
14 years$5,531$4,788$4,131$3,554$3,050$2,031
15 years$5,109$4,373$3,729$3,169$2,685$1,726
16 years$4,741$4,013$3,381$2,838$2,373$1,472
17 years$4,415$3,695$3,077$2,550$2,104$1,259
18 years$4,127$3,415$2,809$2,298$1,871$1,078
19 years$3,869$3,165$2,571$2,076$1,668$926
20 years$3,637$2,941$2,360$1,880$1,490$796
21 years$3,427$2,739$2,171$1,707$1,333$685
22 years$3,237$2,557$2,000$1,552$1,195$591
23 years$3,063$2,392$1,847$1,413$1,073$510
24 years$2,904$2,241$1,708$1,289$964$440
25 years$2,759$2,103$1,582$1,177$868$380
26 years$2,624$1,976$1,467$1,076$781$329
27 years$2,500$1,860$1,363$985$705$284
28 years$2,385$1,753$1,267$903$636$246
29 years$2,278$1,653$1,179$828$574$213
30 years$2,178$1,561$1,098$760$519$185
31 years$2,085$1,476$1,024$698$469$160
32 years$1,998$1,397$955$641$424$139
33 years$1,916$1,323$892$590$384$120
34 years$1,840$1,254$833$543$348$104
35 years$1,767$1,189$779$499$315$90
36 years$1,699$1,129$729$460$285$78
37 years$1,635$1,072$682$424$259$68
38 years$1,575$1,019$639$391$234$59
39 years$1,517$969$598$360$213$51
40 years$1,463$922$561$332$193$44
41 years$1,411$877$526$306$175$38
42 years$1,362$835$493$283$159$33
43 years$1,316$796$463$261$144$29
44 years$1,271$759$435$241$131$25
45 years$1,229$724$408$223$119$22
46 years$1,189$690$383$206$108$19
47 years$1,150$659$360$190$98$16
48 years$1,113$629$338$176$89$14
49 years$1,078$600$318$162$81$12
50 years$1,045$574$299$150$73$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,070,000, adding $5,125 every year, while hoping to spend $44,519 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: 64/11/25 Blend
41$1,070,000$1,070,000$1,070,000$1,070,000
42$1,184,426$1,127,716$1,111,131$1,252,150
43$1,257,870$1,135,607$1,100,986$1,306,400
44$1,337,313$1,142,391$1,089,010$1,360,236
45$1,423,320$1,147,970$1,075,092$1,418,064
46$1,516,512$1,152,233$1,059,121$1,480,281
47$1,617,572$1,155,069$1,040,978$1,547,326
48$1,727,251$1,156,354$1,020,537$1,619,681
49$1,846,374$1,155,959$997,669$1,697,880
50$1,975,852$1,153,748$972,238$1,782,514
51$2,116,682$1,149,575$944,101$1,874,234
52$2,269,964$1,143,285$913,110$1,973,758
53$2,436,909$1,134,715$879,107$2,081,883
54$2,618,847$1,123,689$841,931$2,199,484
55$2,817,245$1,110,025$801,411$2,327,529
56$3,033,714$1,093,527$757,368$2,467,088
57$3,270,030$1,073,986$709,617$2,619,341
58$3,528,147$1,051,186$657,963$2,785,591
59$3,810,216$1,024,892$602,203$2,967,275
60$4,118,605$994,858$542,124$3,165,981
61$4,455,921$960,825$477,504$3,383,460
62$4,825,037$922,517$408,112$3,621,647
63$5,229,112$879,643$333,705$3,882,674
64$5,671,629$831,892$254,032$4,168,896
65$6,156,421$778,941$168,827$4,482,911
66$6,687,709$720,442$77,816$4,827,586
67$7,270,144$656,032$0$5,206,085
68$7,908,846$585,325$0$5,627,047
69$8,609,456$507,914$0$6,111,660
70$9,378,187$423,368$0$6,643,475
71$10,221,880$331,231$0$7,227,265
72$11,148,075$231,024$0$7,868,291
73$12,165,074$122,240$0$8,572,350
74$13,282,023$4,341$0$9,345,829
75$14,508,998$0$0$10,195,769
76$15,857,100$0$0$11,144,847
77$17,338,556$0$0$12,188,464
78$18,966,837$0$0$13,335,596
79$20,756,786$0$0$14,596,709
80$22,724,751$0$0$15,983,333
81$24,888,749$0$0$17,508,172
82$27,268,626$0$0$19,185,222
83$29,886,249$0$0$21,029,905
84$32,765,710$0$0$23,059,211
85$35,933,555$0$0$25,291,860
86$39,419,031$0$0$27,748,479
87$43,254,363$0$0$30,451,793
88$47,475,059$0$0$33,426,845
89$52,120,242$0$0$36,701,224
90$57,233,019$0$0$40,305,332
91$62,860,889$0$0$44,272,667
92$69,056,191$0$0$48,640,141
93$75,876,593$0$0$53,448,424
94$83,385,641$0$0$58,742,332
95$91,653,356$0$0$64,571,248
96$100,756,893$0$0$70,989,584
97$110,781,270$0$0$78,057,301
98$121,820,169$0$0$85,840,469
99$133,976,821$0$0$94,411,891
100$147,364,977$0$0$103,851,793