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%14%
1 years$88,360$87,573$86,805$86,055$85,323$83,910
2 years$43,742$42,928$42,138$41,373$40,630$39,210
3 years$28,872$28,054$27,266$26,508$25,777$24,395
4 years$21,438$20,622$19,843$19,097$18,385$17,051
5 years$16,979$16,168$15,399$14,669$13,976$12,694
6 years$14,007$13,203$12,445$11,731$11,059$9,831
7 years$11,885$11,088$10,341$9,644$8,994$7,820
8 years$10,295$9,504$8,770$8,090$7,461$6,341
9 years$9,058$8,275$7,554$6,891$6,283$5,217
10 years$8,070$7,294$6,586$5,940$5,354$4,339
11 years$7,261$6,493$5,798$5,170$4,604$3,641
12 years$6,588$5,828$5,146$4,535$3,990$3,077
13 years$6,019$5,267$4,597$4,003$3,479$2,615
14 years$5,531$4,788$4,131$3,554$3,050$2,233
15 years$5,109$4,373$3,729$3,169$2,685$1,914
16 years$4,741$4,013$3,381$2,838$2,373$1,646
17 years$4,415$3,695$3,077$2,550$2,104$1,419
18 years$4,127$3,415$2,809$2,298$1,871$1,227
19 years$3,869$3,165$2,571$2,076$1,668$1,063
20 years$3,637$2,941$2,360$1,880$1,490$922
21 years$3,427$2,739$2,171$1,707$1,333$801
22 years$3,237$2,557$2,000$1,552$1,195$697
23 years$3,063$2,392$1,847$1,413$1,073$607
24 years$2,904$2,241$1,708$1,289$964$529
25 years$2,759$2,103$1,582$1,177$868$461
26 years$2,624$1,976$1,467$1,076$781$403
27 years$2,500$1,860$1,363$985$705$352
28 years$2,385$1,753$1,267$903$636$307
29 years$2,278$1,653$1,179$828$574$269
30 years$2,178$1,561$1,098$760$519$235
31 years$2,085$1,476$1,024$698$469$206
32 years$1,998$1,397$955$641$424$180
33 years$1,916$1,323$892$590$384$158
34 years$1,840$1,254$833$543$348$138
35 years$1,767$1,189$779$499$315$121
36 years$1,699$1,129$729$460$285$106
37 years$1,635$1,072$682$424$259$93
38 years$1,575$1,019$639$391$234$81
39 years$1,517$969$598$360$213$71
40 years$1,463$922$561$332$193$63
41 years$1,411$877$526$306$175$55
42 years$1,362$835$493$283$159$48
43 years$1,316$796$463$261$144$42
44 years$1,271$759$435$241$131$37
45 years$1,229$724$408$223$119$32
46 years$1,189$690$383$206$108$28
47 years$1,150$659$360$190$98$25
48 years$1,113$629$338$176$89$22
49 years$1,078$600$318$162$81$19
50 years$1,045$574$299$150$73$17

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 $5,612 every year, while hoping to spend $51,984 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: 43/33/24 Blend
41$1,070,000$1,070,000$1,070,000$1,070,000
42$1,184,929$1,128,219$1,111,634$1,227,381
43$1,250,481$1,128,191$1,093,563$1,258,111
44$1,320,977$1,126,419$1,073,144$1,285,957
45$1,396,867$1,122,764$1,050,245$1,315,095
46$1,478,643$1,117,076$1,024,724$1,345,673
47$1,566,849$1,109,196$996,436$1,377,856
48$1,662,079$1,098,959$965,229$1,411,831
49$1,764,988$1,086,185$930,941$1,447,808
50$1,876,296$1,070,686$893,406$1,486,019
51$1,996,792$1,052,264$852,449$1,526,728
52$2,127,345$1,030,705$807,887$1,570,229
53$2,268,912$1,005,787$759,528$1,616,848
54$2,422,543$977,273$707,174$1,666,952
55$2,589,393$944,910$650,616$1,720,951
56$2,770,735$908,434$589,635$1,779,301
57$2,967,966$867,563$524,003$1,842,510
58$3,182,624$822,000$453,484$1,911,147
59$3,416,404$771,430$377,827$1,985,843
60$3,671,167$715,520$296,775$2,067,302
61$3,948,965$653,919$210,055$2,156,305
62$4,252,052$586,255$117,385$2,253,725
63$4,582,915$512,134$18,470$2,360,527
64$4,944,285$431,141$0$2,477,789
65$5,339,173$342,839$0$2,629,007
66$5,770,893$246,762$0$2,799,703
67$6,243,093$142,422$0$2,986,700
68$6,759,790$29,302$0$3,191,723
69$7,325,406$0$0$3,416,678
70$7,944,813$0$0$3,697,497
71$8,623,375$0$0$4,016,922
72$9,366,997$0$0$4,367,111
73$10,182,187$0$0$4,751,143
74$11,076,108$0$0$5,172,412
75$12,056,652$0$0$5,634,655
76$13,132,511$0$0$6,141,989
77$14,313,260$0$0$6,698,947
78$15,609,444$0$0$7,310,526
79$17,032,679$0$0$7,982,226
80$18,595,764$0$0$8,720,109
81$20,312,794$0$0$9,530,853
82$22,199,300$0$0$10,421,814
83$24,272,389$0$0$11,401,096
84$26,550,909$0$0$12,477,626
85$29,055,625$0$0$13,661,241
86$31,809,412$0$0$14,962,778
87$34,837,473$0$0$16,394,177
88$38,167,578$0$0$17,968,592
89$41,830,318$0$0$19,700,517
90$45,859,402$0$0$21,605,921
91$50,291,968$0$0$23,702,398
92$55,168,935$0$0$26,009,336
93$60,535,389$0$0$28,548,094
94$66,441,007$0$0$31,342,208
95$72,940,524$0$0$34,417,611
96$80,094,253$0$0$37,802,879
97$87,968,646$0$0$41,529,495
98$96,636,928$0$0$45,632,154
99$106,179,782$0$0$50,149,084
100$116,686,112$0$0$55,122,408