Can I retire at age 42 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$90,837$90,028$89,238$88,468$87,716$86,981
2 years$44,969$44,131$43,320$42,533$41,769$41,029
3 years$29,681$28,840$28,031$27,251$26,500$25,777
4 years$22,039$21,201$20,399$19,633$18,900$18,199
5 years$17,455$16,622$15,831$15,080$14,368$13,692
6 years$14,400$13,573$12,793$12,060$11,369$10,718
7 years$12,219$11,398$10,631$9,915$9,246$8,621
8 years$10,583$9,771$9,016$8,317$7,670$7,072
9 years$9,312$8,507$7,766$7,084$6,459$5,887
10 years$8,296$7,499$6,770$6,107$5,504$4,957
11 years$7,465$6,675$5,960$5,315$4,733$4,211
12 years$6,773$5,992$5,290$4,662$4,102$3,604
13 years$6,188$5,415$4,726$4,116$3,577$3,103
14 years$5,687$4,922$4,246$3,653$3,135$2,685
15 years$5,253$4,496$3,834$3,258$2,761$2,333
16 years$4,873$4,125$3,476$2,917$2,440$2,034
17 years$4,539$3,799$3,163$2,621$2,163$1,779
18 years$4,242$3,510$2,887$2,362$1,924$1,560
19 years$3,977$3,253$2,643$2,135$1,715$1,371
20 years$3,739$3,023$2,426$1,933$1,531$1,207
21 years$3,523$2,816$2,231$1,755$1,371$1,065
22 years$3,327$2,629$2,057$1,595$1,228$940
23 years$3,149$2,459$1,899$1,453$1,103$832
24 years$2,986$2,304$1,756$1,325$991$736
25 years$2,836$2,162$1,627$1,210$892$652
26 years$2,698$2,032$1,509$1,106$803$579
27 years$2,570$1,912$1,401$1,013$724$514
28 years$2,452$1,802$1,302$928$654$456
29 years$2,342$1,700$1,212$851$590$405
30 years$2,239$1,605$1,129$781$533$360
31 years$2,143$1,517$1,052$717$482$321
32 years$2,054$1,436$982$659$436$285
33 years$1,970$1,360$917$606$395$254
34 years$1,891$1,289$857$558$357$226
35 years$1,817$1,222$801$513$324$202
36 years$1,747$1,160$749$473$293$180
37 years$1,681$1,102$701$436$266$160
38 years$1,619$1,047$657$402$241$143
39 years$1,560$996$615$370$218$127
40 years$1,504$947$577$342$198$113
41 years$1,451$902$541$315$180$101
42 years$1,400$859$507$291$163$90
43 years$1,353$818$476$268$148$80
44 years$1,307$780$447$248$134$72
45 years$1,264$744$419$229$122$64
46 years$1,222$710$394$211$111$57
47 years$1,183$677$370$195$101$51
48 years$1,145$646$348$180$91$46
49 years$1,109$617$327$167$83$41
50 years$1,074$590$307$154$75$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,100,000, adding $2,976 every year, while hoping to spend $57,267 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: 69/15/16 Blend
41$1,100,000$1,100,000$1,100,000$1,100,000
42$1,215,270$1,156,970$1,139,920$1,294,358
43$1,278,296$1,152,730$1,117,175$1,343,171
44$1,345,831$1,146,362$1,091,750$1,389,477
45$1,418,275$1,137,703$1,063,493$1,438,691
46$1,496,066$1,126,578$1,032,247$1,491,094
47$1,579,685$1,112,801$997,847$1,546,996
48$1,669,661$1,096,176$960,123$1,606,738
49$1,766,572$1,076,495$918,894$1,670,699
50$1,871,057$1,053,537$873,971$1,739,299
51$1,983,815$1,027,070$825,159$1,812,999
52$2,105,614$996,847$772,251$1,892,313
53$2,237,299$962,605$715,034$1,977,805
54$2,379,799$924,068$653,283$2,070,102
55$2,534,134$880,943$586,764$2,169,894
56$2,701,427$832,920$515,232$2,277,946
57$2,882,910$779,671$438,430$2,395,103
58$3,079,943$720,851$356,093$2,522,298
59$3,294,016$656,092$267,942$2,660,563
60$3,526,773$585,007$173,684$2,811,036
61$3,780,018$507,187$73,018$2,974,978
62$4,055,741$422,200$0$3,153,779
63$4,356,127$329,588$0$3,354,851
64$4,683,583$228,870$0$3,587,701
65$5,040,759$119,535$0$3,841,784
66$5,430,570$1,045$0$4,119,231
67$5,856,224$0$0$4,422,393
68$6,321,255$0$0$4,774,853
69$6,829,551$0$0$5,160,352
70$7,385,394$0$0$5,581,975
71$7,993,500$0$0$6,043,303
72$8,659,058$0$0$6,548,284
73$9,387,785$0$0$7,101,263
74$10,185,975$0$0$7,707,025
75$11,060,561$0$0$8,370,840
76$12,019,177$0$0$9,098,511
77$13,070,230$0$0$9,896,431
78$14,222,981$0$0$10,771,640
79$15,487,630$0$0$11,731,892
80$16,875,411$0$0$12,785,728
81$18,398,699$0$0$13,942,557
82$20,071,125$0$0$15,212,742
83$21,907,705$0$0$16,607,699
84$23,924,980$0$0$18,140,004
85$26,141,172$0$0$19,823,512
86$28,576,355$0$0$21,673,484
87$31,252,642$0$0$23,706,735
88$34,194,399$0$0$25,941,787
89$37,428,465$0$0$28,399,049
90$40,984,412$0$0$31,101,005
91$44,894,821$0$0$34,072,426
92$49,195,586$0$0$37,340,604
93$53,926,256$0$0$40,935,609
94$59,130,406$0$0$44,890,572
95$64,856,044$0$0$49,241,996
96$71,156,069$0$0$54,030,102
97$78,088,765$0$0$59,299,205
98$85,718,351$0$0$65,098,135
99$94,115,588$0$0$71,480,694
100$103,358,443$0$0$78,506,164