Can I retire at age 42 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$90,011$89,209$88,427$87,664$86,918$84,714
2 years$44,560$43,730$42,926$42,146$41,390$39,183
3 years$29,412$28,578$27,776$27,003$26,259$24,120
4 years$21,839$21,008$20,214$19,454$18,728$16,672
5 years$17,296$16,470$15,687$14,943$14,237$12,270
6 years$14,269$13,449$12,677$11,950$11,265$9,389
7 years$12,108$11,295$10,535$9,825$9,162$7,376
8 years$10,487$9,682$8,934$8,242$7,600$5,905
9 years$9,228$8,430$7,695$7,020$6,401$4,794
10 years$8,220$7,430$6,709$6,051$5,454$3,934
11 years$7,397$6,615$5,906$5,267$4,690$3,256
12 years$6,711$5,937$5,242$4,619$4,065$2,712
13 years$6,131$5,365$4,683$4,078$3,544$2,271
14 years$5,635$4,877$4,208$3,620$3,107$1,911
15 years$5,205$4,455$3,799$3,229$2,736$1,613
16 years$4,829$4,088$3,444$2,891$2,418$1,366
17 years$4,498$3,765$3,134$2,597$2,144$1,159
18 years$4,204$3,479$2,861$2,341$1,906$986
19 years$3,941$3,224$2,619$2,115$1,699$840
20 years$3,705$2,996$2,404$1,916$1,518$717
21 years$3,491$2,790$2,211$1,739$1,358$612
22 years$3,297$2,605$2,038$1,581$1,217$524
23 years$3,121$2,436$1,882$1,440$1,093$448
24 years$2,959$2,283$1,740$1,313$982$384
25 years$2,810$2,142$1,612$1,199$884$329
26 years$2,673$2,013$1,495$1,096$796$282
27 years$2,547$1,895$1,388$1,004$718$242
28 years$2,429$1,785$1,290$919$648$208
29 years$2,320$1,684$1,201$843$585$179
30 years$2,219$1,591$1,119$774$528$154
31 years$2,124$1,504$1,043$711$478$132
32 years$2,035$1,423$973$653$432$113
33 years$1,952$1,347$908$601$391$97
34 years$1,874$1,277$849$553$354$84
35 years$1,800$1,211$794$509$321$72
36 years$1,731$1,150$742$469$291$62
37 years$1,666$1,092$695$432$263$53
38 years$1,604$1,038$651$398$239$46
39 years$1,546$987$610$367$217$39
40 years$1,490$939$571$338$196$34
41 years$1,438$894$536$312$178$29
42 years$1,388$851$503$288$162$25
43 years$1,340$811$472$266$147$22
44 years$1,295$773$443$246$133$19
45 years$1,252$737$416$227$121$16
46 years$1,211$703$390$210$110$14
47 years$1,172$671$367$194$100$12
48 years$1,134$641$345$179$91$10
49 years$1,098$612$324$165$82$9
50 years$1,064$584$305$153$75$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,090,000, adding $4,508 every year, while hoping to spend $58,395 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: 69/22/9 Blend
41$1,090,000$1,090,000$1,090,000$1,090,000
42$1,205,830$1,148,060$1,131,165$1,286,662
43$1,266,693$1,142,183$1,106,927$1,334,952
44$1,331,807$1,134,061$1,079,920$1,380,241
45$1,401,543$1,123,522$1,049,990$1,428,221
46$1,476,310$1,110,385$1,016,974$1,479,145
47$1,556,556$1,094,455$980,705$1,533,293
48$1,642,771$1,075,530$941,005$1,590,975
49$1,735,494$1,053,392$897,689$1,652,535
50$1,835,318$1,027,811$850,565$1,718,350
51$1,942,892$998,545$799,430$1,788,842
52$2,058,930$965,337$744,075$1,864,474
53$2,184,217$927,915$684,277$1,945,759
54$2,319,614$885,990$619,808$2,033,264
55$2,466,069$839,258$550,425$2,127,619
56$2,624,623$787,396$475,879$2,229,517
57$2,796,420$730,064$395,907$2,339,725
58$2,982,719$666,902$310,234$2,459,092
59$3,184,904$597,528$218,575$2,588,556
60$3,404,498$521,540$120,631$2,729,154
61$3,643,174$438,513$16,089$2,882,033
62$3,902,775$347,997$0$3,048,459
63$4,185,327$249,518$0$3,239,001
64$4,493,060$142,574$0$3,448,283
65$4,828,428$26,636$0$3,676,500
66$5,194,131$0$0$3,925,579
67$5,593,142$0$0$4,221,573
68$6,028,732$0$0$4,551,800
69$6,504,503$0$0$4,912,549
70$7,024,419$0$0$5,306,832
71$7,592,845$0$0$5,737,968
72$8,214,586$0$0$6,209,610
73$8,894,933$0$0$6,725,780
74$9,639,714$0$0$7,290,907
75$10,455,343$0$0$7,909,868
76$11,348,887$0$0$8,588,036
77$12,328,125$0$0$9,331,324
78$13,401,628$0$0$10,146,248
79$14,578,833$0$0$11,039,983
80$15,870,136$0$0$12,020,431
81$17,286,986$0$0$13,096,298
82$18,841,995$0$0$14,277,172
83$20,549,054$0$0$15,573,613
84$22,423,466$0$0$16,997,257
85$24,482,088$0$0$18,560,920
86$26,743,490$0$0$20,278,719
87$29,228,127$0$0$22,166,208
88$31,958,537$0$0$24,240,522
89$34,959,547$0$0$26,520,536
90$38,258,509$0$0$29,027,048
91$41,885,557$0$0$31,782,968
92$45,873,892$0$0$34,813,540
93$50,260,091$0$0$38,146,574
94$55,084,454$0$0$41,812,713
95$60,391,385$0$0$45,845,716
96$66,229,804$0$0$50,282,780
97$72,653,615$0$0$55,164,891
98$79,722,209$0$0$60,537,205
99$87,501,023$0$0$66,449,478
100$96,062,162$0$0$72,956,533