Can I retire at age 42 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$89,185$88,391$87,616$86,859$86,121$85,045
2 years$44,151$43,329$42,532$41,759$41,010$39,927
3 years$29,142$28,316$27,521$26,756$26,018$24,962
4 years$21,638$20,815$20,028$19,276$18,557$17,536
5 years$17,138$16,319$15,543$14,806$14,106$13,124
6 years$14,138$13,326$12,561$11,840$11,162$10,218
7 years$11,997$11,191$10,438$9,735$9,078$8,174
8 years$10,391$9,593$8,852$8,166$7,531$6,666
9 years$9,143$8,352$7,625$6,956$6,342$5,517
10 years$8,145$7,362$6,647$5,996$5,404$4,617
11 years$7,329$6,554$5,852$5,218$4,647$3,899
12 years$6,650$5,883$5,194$4,577$4,027$3,316
13 years$6,075$5,316$4,640$4,041$3,512$2,836
14 years$5,583$4,832$4,169$3,587$3,078$2,438
15 years$5,157$4,414$3,764$3,199$2,711$2,104
16 years$4,785$4,050$3,413$2,864$2,396$1,822
17 years$4,457$3,730$3,106$2,574$2,124$1,583
18 years$4,165$3,447$2,835$2,319$1,889$1,378
19 years$3,905$3,194$2,595$2,096$1,683$1,202
20 years$3,671$2,968$2,382$1,898$1,504$1,051
21 years$3,459$2,765$2,191$1,723$1,346$920
22 years$3,267$2,581$2,019$1,566$1,206$806
23 years$3,092$2,414$1,864$1,426$1,083$707
24 years$2,932$2,262$1,724$1,301$973$622
25 years$2,784$2,122$1,597$1,188$876$546
26 years$2,649$1,995$1,481$1,086$789$481
27 years$2,523$1,877$1,375$994$711$423
28 years$2,407$1,769$1,279$911$642$373
29 years$2,299$1,669$1,190$835$579$329
30 years$2,198$1,576$1,108$767$524$290
31 years$2,104$1,490$1,033$704$473$256
32 years$2,017$1,410$964$647$428$226
33 years$1,934$1,335$900$595$387$199
34 years$1,857$1,265$841$548$351$176
35 years$1,784$1,200$786$504$318$156
36 years$1,715$1,139$736$464$288$137
37 years$1,651$1,082$688$428$261$121
38 years$1,589$1,028$645$394$237$107
39 years$1,531$978$604$364$215$95
40 years$1,477$930$566$335$195$84
41 years$1,424$885$531$309$177$74
42 years$1,375$843$498$285$160$66
43 years$1,328$803$467$264$145$58
44 years$1,283$766$439$243$132$51
45 years$1,241$730$412$225$120$45
46 years$1,200$697$387$208$109$40
47 years$1,161$665$363$192$99$36
48 years$1,124$635$341$177$90$31
49 years$1,088$606$321$164$81$28
50 years$1,054$579$302$151$74$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,080,000, adding $3,701 every year, while hoping to spend $37,420 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: 42/41/17 Blend
41$1,080,000$1,080,000$1,080,000$1,080,000
42$1,193,978$1,136,738$1,119,998$1,238,036
43$1,275,949$1,152,623$1,117,703$1,285,399
44$1,365,027$1,168,033$1,114,077$1,332,704
45$1,461,897$1,182,904$1,109,036$1,383,139
46$1,567,314$1,197,170$1,102,492$1,437,007
47$1,682,106$1,210,758$1,094,352$1,494,646
48$1,807,188$1,223,592$1,084,520$1,556,429
49$1,943,564$1,235,590$1,072,894$1,622,767
50$2,092,339$1,246,666$1,059,368$1,694,117
51$2,254,731$1,256,726$1,043,830$1,770,982
52$2,432,080$1,265,671$1,026,164$1,853,920
53$2,625,860$1,273,397$1,006,249$1,943,547
54$2,837,696$1,279,792$983,956$2,040,544
55$3,069,375$1,284,736$959,153$2,145,664
56$3,322,865$1,288,102$931,699$2,259,738
57$3,600,335$1,289,756$901,448$2,383,688
58$3,904,170$1,289,556$868,248$2,518,528
59$4,236,999$1,287,348$831,938$2,665,383
60$4,601,718$1,282,972$792,352$2,825,494
61$5,001,512$1,276,257$749,315$3,000,231
62$5,439,894$1,267,021$702,645$3,191,110
63$5,920,730$1,255,072$652,150$3,399,805
64$6,448,279$1,240,205$597,632$3,628,163
65$7,027,233$1,222,205$538,882$3,878,227
66$7,662,758$1,200,841$475,682$4,152,251
67$8,360,548$1,175,870$407,806$4,452,727
68$9,126,872$1,147,036$335,016$4,782,404
69$9,968,639$1,114,066$257,064$5,144,318
70$10,893,456$1,076,672$173,692$5,541,822
71$11,909,707$1,034,547$84,630$5,978,617
72$13,026,627$987,370$0$6,458,790
73$14,254,390$934,798$0$6,988,740
74$15,604,205$876,470$0$7,588,062
75$17,088,420$812,004$0$8,246,939
76$18,720,643$740,995$0$8,971,494
77$20,515,861$663,017$0$9,768,482
78$22,490,592$577,618$0$10,645,351
79$24,663,032$484,321$0$11,610,320
80$27,053,231$382,622$0$12,672,450
81$29,683,279$271,989$0$13,841,736
82$32,577,516$151,859$0$15,129,201
83$35,762,761$21,639$0$16,547,004
84$39,268,565$0$0$18,108,550
85$43,127,489$0$0$19,882,449
86$47,375,408$0$0$21,846,078
87$52,051,856$0$0$24,007,968
88$57,200,393$0$0$26,388,280
89$62,869,017$0$0$29,009,226
90$69,110,618$0$0$31,895,283
91$75,983,474$0$0$35,073,421
92$83,551,803$0$0$38,573,362
93$91,886,370$0$0$42,427,853
94$101,065,150$0$0$46,672,983
95$111,174,065$0$0$51,348,518
96$122,307,799$0$0$56,498,275
97$134,570,684$0$0$62,170,543
98$148,077,689$0$0$68,418,529
99$162,955,503$0$0$75,300,868
100$179,343,732$0$0$82,882,170