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%15.8%
1 years$88,360$87,573$86,805$86,055$85,323$83,294
2 years$43,742$42,928$42,138$41,373$40,630$38,598
3 years$28,872$28,054$27,266$26,508$25,777$23,805
4 years$21,438$20,622$19,843$19,097$18,385$16,488
5 years$16,979$16,168$15,399$14,669$13,976$12,160
6 years$14,007$13,203$12,445$11,731$11,059$9,325
7 years$11,885$11,088$10,341$9,644$8,994$7,343
8 years$10,295$9,504$8,770$8,090$7,461$5,892
9 years$9,058$8,275$7,554$6,891$6,283$4,795
10 years$8,070$7,294$6,586$5,940$5,354$3,945
11 years$7,261$6,493$5,798$5,170$4,604$3,273
12 years$6,588$5,828$5,146$4,535$3,990$2,734
13 years$6,019$5,267$4,597$4,003$3,479$2,296
14 years$5,531$4,788$4,131$3,554$3,050$1,936
15 years$5,109$4,373$3,729$3,169$2,685$1,639
16 years$4,741$4,013$3,381$2,838$2,373$1,392
17 years$4,415$3,695$3,077$2,550$2,104$1,185
18 years$4,127$3,415$2,809$2,298$1,871$1,011
19 years$3,869$3,165$2,571$2,076$1,668$864
20 years$3,637$2,941$2,360$1,880$1,490$739
21 years$3,427$2,739$2,171$1,707$1,333$634
22 years$3,237$2,557$2,000$1,552$1,195$544
23 years$3,063$2,392$1,847$1,413$1,073$467
24 years$2,904$2,241$1,708$1,289$964$401
25 years$2,759$2,103$1,582$1,177$868$345
26 years$2,624$1,976$1,467$1,076$781$297
27 years$2,500$1,860$1,363$985$705$256
28 years$2,385$1,753$1,267$903$636$220
29 years$2,278$1,653$1,179$828$574$190
30 years$2,178$1,561$1,098$760$519$163
31 years$2,085$1,476$1,024$698$469$141
32 years$1,998$1,397$955$641$424$122
33 years$1,916$1,323$892$590$384$105
34 years$1,840$1,254$833$543$348$90
35 years$1,767$1,189$779$499$315$78
36 years$1,699$1,129$729$460$285$67
37 years$1,635$1,072$682$424$259$58
38 years$1,575$1,019$639$391$234$50
39 years$1,517$969$598$360$213$43
40 years$1,463$922$561$332$193$37
41 years$1,411$877$526$306$175$32
42 years$1,362$835$493$283$159$28
43 years$1,316$796$463$261$144$24
44 years$1,271$759$435$241$131$21
45 years$1,229$724$408$223$119$18
46 years$1,189$690$383$206$108$15
47 years$1,150$659$360$190$98$13
48 years$1,113$629$338$176$89$12
49 years$1,078$600$318$162$81$10
50 years$1,045$574$299$150$73$9

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 $5,634 every year, while hoping to spend $21,174 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: 70/21/9 Blend
41$1,070,000$1,070,000$1,070,000$1,070,000
42$1,184,951$1,128,241$1,111,656$1,265,520
43$1,283,288$1,160,996$1,126,368$1,352,361
44$1,390,944$1,194,647$1,140,863$1,444,229
45$1,508,850$1,229,214$1,155,111$1,544,183
46$1,638,027$1,264,719$1,169,081$1,653,015
47$1,779,601$1,301,186$1,182,741$1,771,596
48$1,934,812$1,338,636$1,196,055$1,900,882
49$2,105,027$1,377,093$1,208,986$2,041,930
50$2,291,748$1,416,579$1,221,496$2,195,901
51$2,496,633$1,457,118$1,233,542$2,364,075
52$2,721,507$1,498,734$1,245,083$2,547,860
53$2,968,379$1,541,451$1,256,073$2,748,810
54$3,239,465$1,585,293$1,266,463$2,968,632
55$3,537,204$1,630,286$1,276,202$3,209,210
56$3,864,283$1,676,454$1,285,239$3,472,616
57$4,223,661$1,723,821$1,293,516$3,761,135
58$4,618,600$1,772,415$1,300,975$4,077,282
59$5,052,694$1,822,259$1,307,553$4,423,830
60$5,529,899$1,873,380$1,313,187$4,803,830
61$6,054,576$1,925,803$1,317,806$5,220,646
62$6,631,531$1,979,556$1,321,341$5,677,984
63$7,266,056$2,034,662$1,323,714$6,179,925
64$7,963,982$2,091,150$1,324,847$6,730,966
65$8,731,736$2,149,044$1,324,657$7,336,062
66$9,576,397$2,208,371$1,323,057$8,000,673
67$10,505,765$2,269,156$1,319,955$8,730,812
68$11,528,434$2,331,426$1,315,255$9,533,106
69$12,653,875$2,395,207$1,308,857$10,414,857
70$13,892,522$2,460,523$1,300,655$11,384,109
71$15,255,871$2,527,401$1,290,538$12,449,727
72$16,756,590$2,595,864$1,278,392$13,621,477
73$18,408,638$2,665,937$1,264,094$14,910,121
74$20,227,396$2,737,645$1,247,518$16,327,518
75$22,229,811$2,811,010$1,228,530$17,886,734
76$24,434,558$2,886,055$1,206,992$19,602,166
77$26,862,214$2,962,803$1,182,757$21,489,680
78$29,535,454$3,041,275$1,155,674$23,566,757
79$32,479,263$3,121,490$1,125,582$25,852,660
80$35,721,173$3,203,468$1,092,314$28,368,618
81$39,291,522$3,287,228$1,055,696$31,138,020
82$43,223,741$3,372,786$1,015,546$34,186,642
83$47,554,667$3,460,157$971,671$37,542,886
84$52,324,895$3,549,356$923,873$41,238,051
85$57,579,154$3,640,394$871,943$45,306,626
86$63,366,737$3,733,283$815,663$49,786,616
87$69,741,961$3,828,030$754,804$54,719,903
88$76,764,679$3,924,643$689,129$60,152,637
89$84,500,850$4,023,123$618,388$66,135,676
90$93,023,154$4,123,474$542,322$72,725,063
91$102,411,685$4,225,694$460,659$79,982,557
92$112,754,702$4,329,777$373,115$87,976,211
93$124,149,462$4,435,717$279,395$96,781,025
94$136,703,142$4,543,502$179,190$106,479,640
95$150,533,846$4,653,117$72,177$117,163,131
96$165,771,722$4,764,544$0$128,931,858
97$182,560,189$4,877,758$0$141,900,452
98$201,057,292$4,992,732$0$156,194,413
99$221,437,193$5,109,432$0$171,941,144
100$243,891,812$5,227,820$0$189,288,684