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%18.3%
1 years$90,837$90,028$89,238$88,468$87,716$84,772
2 years$44,969$44,131$43,320$42,533$41,769$38,833
3 years$29,681$28,840$28,031$27,251$26,500$23,663
4 years$22,039$21,201$20,399$19,633$18,900$16,184
5 years$17,455$16,622$15,831$15,080$14,368$11,779
6 years$14,400$13,573$12,793$12,060$11,369$8,911
7 years$12,219$11,398$10,631$9,915$9,246$6,918
8 years$10,583$9,771$9,016$8,317$7,670$5,470
9 years$9,312$8,507$7,766$7,084$6,459$4,385
10 years$8,296$7,499$6,770$6,107$5,504$3,551
11 years$7,465$6,675$5,960$5,315$4,733$2,899
12 years$6,773$5,992$5,290$4,662$4,102$2,382
13 years$6,188$5,415$4,726$4,116$3,577$1,967
14 years$5,687$4,922$4,246$3,653$3,135$1,630
15 years$5,253$4,496$3,834$3,258$2,761$1,356
16 years$4,873$4,125$3,476$2,917$2,440$1,131
17 years$4,539$3,799$3,163$2,621$2,163$945
18 years$4,242$3,510$2,887$2,362$1,924$792
19 years$3,977$3,253$2,643$2,135$1,715$664
20 years$3,739$3,023$2,426$1,933$1,531$558
21 years$3,523$2,816$2,231$1,755$1,371$469
22 years$3,327$2,629$2,057$1,595$1,228$394
23 years$3,149$2,459$1,899$1,453$1,103$332
24 years$2,986$2,304$1,756$1,325$991$280
25 years$2,836$2,162$1,627$1,210$892$236
26 years$2,698$2,032$1,509$1,106$803$199
27 years$2,570$1,912$1,401$1,013$724$168
28 years$2,452$1,802$1,302$928$654$142
29 years$2,342$1,700$1,212$851$590$120
30 years$2,239$1,605$1,129$781$533$101
31 years$2,143$1,517$1,052$717$482$85
32 years$2,054$1,436$982$659$436$72
33 years$1,970$1,360$917$606$395$61
34 years$1,891$1,289$857$558$357$51
35 years$1,817$1,222$801$513$324$43
36 years$1,747$1,160$749$473$293$37
37 years$1,681$1,102$701$436$266$31
38 years$1,619$1,047$657$402$241$26
39 years$1,560$996$615$370$218$22
40 years$1,504$947$577$342$198$19
41 years$1,451$902$541$315$180$16
42 years$1,400$859$507$291$163$13
43 years$1,353$818$476$268$148$11
44 years$1,307$780$447$248$134$10
45 years$1,264$744$419$229$122$8
46 years$1,222$710$394$211$111$7
47 years$1,183$677$370$195$101$6
48 years$1,145$646$348$180$91$5
49 years$1,109$617$327$167$83$4
50 years$1,074$590$307$154$75$3

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 $5,420 every year, while hoping to spend $34,027 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: 55/33/12 Blend
41$1,100,000$1,100,000$1,100,000$1,100,000
42$1,217,791$1,159,491$1,142,441$1,280,743
43$1,305,801$1,180,101$1,144,508$1,344,666
44$1,401,648$1,200,581$1,145,504$1,410,058
45$1,506,095$1,220,889$1,145,357$1,480,465
46$1,619,981$1,240,977$1,143,992$1,556,369
47$1,744,233$1,260,799$1,141,329$1,638,305
48$1,879,868$1,280,301$1,137,287$1,726,861
49$2,028,005$1,299,426$1,131,777$1,822,686
50$2,189,879$1,318,115$1,124,708$1,926,496
51$2,366,846$1,336,303$1,115,986$2,039,078
52$2,560,403$1,353,921$1,105,510$2,161,304
53$2,772,196$1,370,894$1,093,176$2,294,132
54$3,004,035$1,387,144$1,078,873$2,438,620
55$3,257,919$1,402,585$1,062,487$2,595,935
56$3,536,044$1,417,129$1,043,898$2,767,361
57$3,840,830$1,430,679$1,022,979$2,954,319
58$4,174,945$1,443,132$999,598$3,158,371
59$4,541,323$1,454,379$973,619$3,381,243
60$4,943,199$1,464,304$944,895$3,624,837
61$5,384,134$1,472,784$913,278$3,891,249
62$5,868,051$1,479,686$878,608$4,182,792
63$6,399,271$1,484,870$840,721$4,502,018
64$6,982,556$1,488,187$799,444$4,851,738
65$7,623,148$1,489,480$754,597$5,235,053
66$8,326,825$1,488,580$705,991$5,655,384
67$9,099,949$1,485,308$653,430$6,116,501
68$9,949,531$1,479,476$596,707$6,622,562
69$10,883,294$1,470,881$535,608$7,178,152
70$11,909,747$1,459,311$469,907$7,788,326
71$13,038,263$1,444,539$399,371$8,458,659
72$14,279,170$1,426,326$323,754$9,195,297
73$15,643,846$1,404,416$242,801$10,005,017
74$17,144,827$1,378,542$156,244$10,895,291
75$18,795,926$1,348,417$63,804$11,874,356
76$20,612,360$1,313,739$0$12,951,297
77$22,610,896$1,274,188$0$14,140,589
78$24,810,010$1,229,425$0$15,457,821
79$27,230,057$1,179,093$0$16,907,026
80$29,893,465$1,122,811$0$18,501,669
81$32,824,948$1,060,178$0$20,256,588
82$36,051,737$990,771$0$22,188,140
83$39,603,835$914,140$0$24,314,357
84$43,514,304$829,810$0$26,655,112
85$47,819,573$737,282$0$29,232,311
86$52,559,785$636,023$0$32,070,100
87$57,779,170$525,476$0$35,195,095
88$63,526,469$405,048$0$38,636,631
89$69,855,388$274,114$0$42,427,044
90$76,825,107$132,015$0$46,601,973
91$84,500,838$0$0$51,200,703
92$92,954,440$0$0$56,274,502
93$102,265,096$0$0$61,915,638
94$112,520,063$0$0$68,129,055
95$123,815,490$0$0$74,973,029
96$136,257,330$0$0$82,511,774
97$149,962,336$0$0$90,816,054
98$165,059,165$0$0$99,963,845
99$181,689,593$0$0$110,041,073
100$200,009,847$0$0$121,142,428