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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$88,360$87,573$86,805$86,055$85,323$83,669
2 years$43,742$42,928$42,138$41,373$40,630$38,970
3 years$28,872$28,054$27,266$26,508$25,777$24,164
4 years$21,438$20,622$19,843$19,097$18,385$16,829
5 years$16,979$16,168$15,399$14,669$13,976$12,483
6 years$14,007$13,203$12,445$11,731$11,059$9,631
7 years$11,885$11,088$10,341$9,644$8,994$7,631
8 years$10,295$9,504$8,770$8,090$7,461$6,163
9 years$9,058$8,275$7,554$6,891$6,283$5,049
10 years$8,070$7,294$6,586$5,940$5,354$4,182
11 years$7,261$6,493$5,798$5,170$4,604$3,494
12 years$6,588$5,828$5,146$4,535$3,990$2,939
13 years$6,019$5,267$4,597$4,003$3,479$2,486
14 years$5,531$4,788$4,131$3,554$3,050$2,113
15 years$5,109$4,373$3,729$3,169$2,685$1,802
16 years$4,741$4,013$3,381$2,838$2,373$1,542
17 years$4,415$3,695$3,077$2,550$2,104$1,323
18 years$4,127$3,415$2,809$2,298$1,871$1,138
19 years$3,869$3,165$2,571$2,076$1,668$981
20 years$3,637$2,941$2,360$1,880$1,490$846
21 years$3,427$2,739$2,171$1,707$1,333$731
22 years$3,237$2,557$2,000$1,552$1,195$633
23 years$3,063$2,392$1,847$1,413$1,073$548
24 years$2,904$2,241$1,708$1,289$964$475
25 years$2,759$2,103$1,582$1,177$868$412
26 years$2,624$1,976$1,467$1,076$781$358
27 years$2,500$1,860$1,363$985$705$311
28 years$2,385$1,753$1,267$903$636$270
29 years$2,278$1,653$1,179$828$574$235
30 years$2,178$1,561$1,098$760$519$204
31 years$2,085$1,476$1,024$698$469$178
32 years$1,998$1,397$955$641$424$155
33 years$1,916$1,323$892$590$384$135
34 years$1,840$1,254$833$543$348$117
35 years$1,767$1,189$779$499$315$102
36 years$1,699$1,129$729$460$285$89
37 years$1,635$1,072$682$424$259$77
38 years$1,575$1,019$639$391$234$67
39 years$1,517$969$598$360$213$59
40 years$1,463$922$561$332$193$51
41 years$1,411$877$526$306$175$45
42 years$1,362$835$493$283$159$39
43 years$1,316$796$463$261$144$34
44 years$1,271$759$435$241$131$30
45 years$1,229$724$408$223$119$26
46 years$1,189$690$383$206$108$22
47 years$1,150$659$360$190$98$20
48 years$1,113$629$338$176$89$17
49 years$1,078$600$318$162$81$15
50 years$1,045$574$299$150$73$13

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 $2,255 every year, while hoping to spend $35,438 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: 34/49/17 Blend
41$1,070,000$1,070,000$1,070,000$1,070,000
42$1,181,466$1,124,756$1,108,171$1,215,358
43$1,264,270$1,142,163$1,107,589$1,257,806
44$1,354,332$1,159,236$1,105,800$1,300,088
45$1,452,355$1,175,920$1,102,725$1,344,929
46$1,559,113$1,192,157$1,098,284$1,392,577
47$1,675,457$1,207,887$1,092,391$1,443,302
48$1,802,323$1,223,043$1,084,956$1,497,407
49$1,940,742$1,237,555$1,075,884$1,555,224
50$2,091,850$1,251,347$1,065,078$1,617,124
51$2,256,894$1,264,339$1,052,434$1,683,515
52$2,437,251$1,276,446$1,037,845$1,754,849
53$2,634,435$1,287,575$1,021,196$1,831,626
54$2,850,111$1,297,631$1,002,371$1,914,401
55$3,086,116$1,306,508$981,244$2,003,786
56$3,344,471$1,314,097$957,686$2,100,459
57$3,627,399$1,320,281$931,561$2,205,170
58$3,937,353$1,324,934$902,727$2,318,747
59$4,277,031$1,327,924$871,037$2,442,108
60$4,649,406$1,329,109$836,334$2,576,267
61$5,057,750$1,328,340$798,455$2,722,345
62$5,505,669$1,325,458$757,233$2,881,581
63$5,997,136$1,320,293$712,488$3,055,345
64$6,536,523$1,312,667$664,036$3,245,153
65$7,128,650$1,302,389$611,683$3,452,676
66$7,778,823$1,289,258$555,225$3,679,766
67$8,492,891$1,273,059$494,453$3,928,465
68$9,277,293$1,253,566$429,145$4,201,032
69$10,139,126$1,230,539$359,070$4,499,961
70$11,086,205$1,203,724$283,987$4,828,009
71$12,127,142$1,172,851$203,644$5,188,219
72$13,271,424$1,137,634$117,780$5,583,954
73$14,529,504$1,097,772$26,120$6,018,925
74$15,912,895$1,052,946$0$6,497,234
75$17,434,287$1,002,816$0$7,036,413
76$19,107,656$947,026$0$7,634,358
77$20,948,403$885,197$0$8,291,900
78$22,973,498$816,929$0$9,015,193
79$25,201,635$741,799$0$9,811,022
80$27,653,414$659,360$0$10,686,877
81$30,351,534$569,139$0$11,651,017
82$33,321,002$470,639$0$12,712,558
83$36,589,374$363,330$0$13,881,550
84$40,187,014$246,657$0$15,169,086
85$44,147,377$120,031$0$16,587,396
86$48,507,327$0$0$18,149,973
87$53,307,486$0$0$19,880,958
88$58,592,611$0$0$21,858,282
89$64,412,024$0$0$24,035,701
90$70,820,070$0$0$26,433,575
91$77,876,635$0$0$29,074,338
92$85,647,706$0$0$31,982,712
93$94,205,998$0$0$35,185,937
94$103,631,635$0$0$38,714,034
95$114,012,912$0$0$42,600,078
96$125,447,120$0$0$46,880,521
97$138,041,471$0$0$51,595,530
98$151,914,107$0$0$56,789,365
99$167,195,212$0$0$62,510,800
100$184,028,245$0$0$68,813,583