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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$90,837$90,028$89,238$88,468$87,716$85,909
2 years$44,969$44,131$43,320$42,533$41,769$39,958
3 years$29,681$28,840$28,031$27,251$26,500$24,740
4 years$22,039$21,201$20,399$19,633$18,900$17,205
5 years$17,455$16,622$15,831$15,080$14,368$12,742
6 years$14,400$13,573$12,793$12,060$11,369$9,814
7 years$12,219$11,398$10,631$9,915$9,246$7,763
8 years$10,583$9,771$9,016$8,317$7,670$6,259
9 years$9,312$8,507$7,766$7,084$6,459$5,118
10 years$8,296$7,499$6,770$6,107$5,504$4,231
11 years$7,465$6,675$5,960$5,315$4,733$3,528
12 years$6,773$5,992$5,290$4,662$4,102$2,962
13 years$6,188$5,415$4,726$4,116$3,577$2,501
14 years$5,687$4,922$4,246$3,653$3,135$2,121
15 years$5,253$4,496$3,834$3,258$2,761$1,806
16 years$4,873$4,125$3,476$2,917$2,440$1,542
17 years$4,539$3,799$3,163$2,621$2,163$1,320
18 years$4,242$3,510$2,887$2,362$1,924$1,133
19 years$3,977$3,253$2,643$2,135$1,715$974
20 years$3,739$3,023$2,426$1,933$1,531$839
21 years$3,523$2,816$2,231$1,755$1,371$723
22 years$3,327$2,629$2,057$1,595$1,228$624
23 years$3,149$2,459$1,899$1,453$1,103$539
24 years$2,986$2,304$1,756$1,325$991$466
25 years$2,836$2,162$1,627$1,210$892$404
26 years$2,698$2,032$1,509$1,106$803$350
27 years$2,570$1,912$1,401$1,013$724$303
28 years$2,452$1,802$1,302$928$654$263
29 years$2,342$1,700$1,212$851$590$228
30 years$2,239$1,605$1,129$781$533$198
31 years$2,143$1,517$1,052$717$482$171
32 years$2,054$1,436$982$659$436$149
33 years$1,970$1,360$917$606$395$129
34 years$1,891$1,289$857$558$357$112
35 years$1,817$1,222$801$513$324$97
36 years$1,747$1,160$749$473$293$85
37 years$1,681$1,102$701$436$266$74
38 years$1,619$1,047$657$402$241$64
39 years$1,560$996$615$370$218$56
40 years$1,504$947$577$342$198$48
41 years$1,451$902$541$315$180$42
42 years$1,400$859$507$291$163$36
43 years$1,353$818$476$268$148$32
44 years$1,307$780$447$248$134$28
45 years$1,264$744$419$229$122$24
46 years$1,222$710$394$211$111$21
47 years$1,183$677$370$195$101$18
48 years$1,145$646$348$180$91$16
49 years$1,109$617$327$167$83$14
50 years$1,074$590$307$154$75$12

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 $4,570 every year, while hoping to spend $37,438 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: 50/23/27 Blend
41$1,100,000$1,100,000$1,100,000$1,100,000
42$1,216,914$1,158,614$1,141,564$1,268,270
43$1,301,205$1,175,552$1,139,973$1,321,534
44$1,392,840$1,192,066$1,137,073$1,375,289
45$1,492,527$1,208,094$1,132,782$1,432,979
46$1,601,047$1,223,573$1,127,013$1,494,993
47$1,719,258$1,238,433$1,119,673$1,561,763
48$1,848,107$1,252,601$1,110,666$1,633,765
49$1,988,634$1,265,998$1,099,893$1,711,526
50$2,141,982$1,278,540$1,087,247$1,795,626
51$2,309,413$1,290,137$1,072,619$1,886,708
52$2,492,314$1,300,694$1,055,892$1,985,481
53$2,692,212$1,310,110$1,036,947$2,092,728
54$2,910,789$1,318,277$1,015,656$2,209,315
55$3,149,896$1,325,079$991,886$2,336,197
56$3,411,571$1,330,393$965,500$2,474,429
57$3,698,058$1,334,090$936,352$2,625,176
58$4,011,831$1,336,031$904,291$2,789,724
59$4,355,611$1,336,069$869,157$2,969,495
60$4,732,395$1,334,049$830,786$3,166,055
61$5,145,485$1,329,803$789,003$3,381,136
62$5,598,517$1,323,156$743,627$3,616,647
63$6,095,497$1,313,922$694,470$3,874,700
64$6,640,836$1,301,902$641,333$4,157,620
65$7,239,393$1,286,887$584,009$4,467,977
66$7,896,519$1,268,653$522,282$4,808,607
67$8,618,112$1,246,965$455,926$5,182,639
68$9,410,667$1,221,573$384,707$5,593,525
69$10,281,337$1,192,213$308,377$6,045,075
70$11,238,005$1,158,603$226,679$6,541,494
71$12,289,355$1,120,447$139,346$7,087,418
72$13,444,952$1,077,432$46,097$7,687,967
73$14,715,336$1,029,225$0$8,348,784
74$16,112,117$975,474$0$9,091,487
75$17,648,088$915,807$0$9,922,729
76$19,337,343$849,832$0$10,836,888
77$21,195,410$777,132$0$11,842,417
78$23,239,398$697,267$0$12,948,638
79$25,488,158$609,775$0$14,165,823
80$27,962,459$514,163$0$15,505,299
81$30,685,186$409,913$0$16,979,548
82$33,681,553$296,477$0$18,602,330
83$36,979,344$173,277$0$20,388,815
84$40,609,171$39,702$0$22,355,721
85$44,604,766$0$0$24,521,477
86$49,003,295$0$0$26,932,946
87$53,845,713$0$0$29,598,980
88$59,177,146$0$0$32,534,395
89$65,047,319$0$0$35,766,585
90$71,511,023$0$0$39,325,740
91$78,628,636$0$0$43,245,124
92$86,466,685$0$0$47,561,393
93$95,098,479$0$0$52,314,936
94$104,604,800$0$0$57,550,263
95$115,074,664$0$0$63,316,418
96$126,606,160$0$0$69,667,446
97$139,307,376$0$0$76,662,901
98$153,297,418$0$0$84,368,407
99$168,707,536$0$0$92,856,280
100$185,682,360$0$0$102,206,209