Can I retire at age 42 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$91,663$90,846$90,050$89,272$88,513$85,817
2 years$45,378$44,532$43,713$42,919$42,149$39,456
3 years$29,951$29,102$28,285$27,499$26,741$24,136
4 years$22,240$21,393$20,585$19,811$19,072$16,574
5 years$17,614$16,773$15,974$15,217$14,498$12,114
6 years$14,531$13,696$12,910$12,169$11,472$9,204
7 years$12,330$11,502$10,728$10,005$9,330$7,178
8 years$10,680$9,859$9,098$8,393$7,740$5,703
9 years$9,397$8,584$7,836$7,149$6,518$4,594
10 years$8,371$7,567$6,832$6,162$5,554$3,739
11 years$7,533$6,736$6,015$5,363$4,776$3,069
12 years$6,834$6,046$5,338$4,704$4,139$2,534
13 years$6,244$5,464$4,769$4,153$3,609$2,104
14 years$5,738$4,966$4,285$3,687$3,164$1,754
15 years$5,300$4,537$3,869$3,288$2,786$1,467
16 years$4,918$4,163$3,508$2,944$2,462$1,231
17 years$4,580$3,834$3,192$2,645$2,183$1,035
18 years$4,281$3,542$2,914$2,384$1,941$872
19 years$4,013$3,283$2,667$2,154$1,730$736
20 years$3,773$3,051$2,448$1,951$1,545$622
21 years$3,555$2,842$2,252$1,770$1,383$526
22 years$3,358$2,653$2,075$1,610$1,240$445
23 years$3,178$2,481$1,916$1,466$1,113$377
24 years$3,013$2,324$1,772$1,337$1,000$320
25 years$2,862$2,181$1,641$1,221$900$271
26 years$2,722$2,050$1,522$1,117$811$230
27 years$2,593$1,929$1,414$1,022$731$196
28 years$2,474$1,818$1,314$936$660$166
29 years$2,363$1,715$1,223$859$596$141
30 years$2,259$1,620$1,139$788$538$120
31 years$2,163$1,531$1,062$724$486$102
32 years$2,073$1,449$991$665$440$87
33 years$1,988$1,372$925$612$398$74
34 years$1,908$1,300$864$563$361$63
35 years$1,833$1,233$808$518$327$53
36 years$1,763$1,171$756$477$296$45
37 years$1,696$1,112$708$440$268$39
38 years$1,633$1,057$663$405$243$33
39 years$1,574$1,005$621$374$220$28
40 years$1,518$956$582$345$200$24
41 years$1,464$910$546$318$181$20
42 years$1,413$867$512$293$165$17
43 years$1,365$826$480$271$149$15
44 years$1,319$787$451$250$136$12
45 years$1,275$751$423$231$123$11
46 years$1,233$716$398$213$112$9
47 years$1,193$683$373$197$102$8
48 years$1,155$652$351$182$92$7
49 years$1,119$623$330$168$84$6
50 years$1,084$595$310$156$76$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,110,000, adding $6,680 every year, while hoping to spend $40,854 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: 54/29/17 Blend
41$1,110,000$1,110,000$1,110,000$1,110,000
42$1,230,110$1,171,280$1,154,075$1,290,578
43$1,312,113$1,185,205$1,149,269$1,346,544
44$1,401,111$1,198,442$1,142,932$1,402,521
45$1,497,775$1,210,916$1,134,970$1,462,545
46$1,602,841$1,222,544$1,125,284$1,527,013
47$1,717,121$1,233,239$1,113,772$1,596,362
48$1,841,508$1,242,908$1,100,323$1,671,077
49$1,976,983$1,251,452$1,084,826$1,751,692
50$2,124,627$1,258,765$1,067,159$1,838,796
51$2,285,630$1,264,735$1,047,200$1,933,043
52$2,461,300$1,269,243$1,024,817$2,035,151
53$2,653,078$1,272,162$999,874$2,145,916
54$2,862,551$1,273,357$972,229$2,266,215
55$3,091,464$1,272,684$941,731$2,397,018
56$3,341,740$1,269,992$908,225$2,539,395
57$3,615,494$1,265,118$871,548$2,694,528
58$3,915,058$1,257,892$831,528$2,863,721
59$4,242,996$1,248,132$787,987$3,048,416
60$4,602,136$1,235,644$740,738$3,250,201
61$4,995,588$1,220,225$689,587$3,470,832
62$5,426,779$1,201,657$634,329$3,712,248
63$5,899,483$1,179,711$574,752$3,976,586
64$6,417,857$1,154,143$510,633$4,266,208
65$6,986,479$1,124,697$441,740$4,583,718
66$7,610,391$1,091,098$367,830$4,931,992
67$8,295,148$1,053,059$288,649$5,314,203
68$9,046,868$1,010,274$203,934$5,733,853
69$9,872,290$962,419$113,407$6,194,805
70$10,778,839$909,153$16,781$6,701,323
71$11,774,692$850,112$0$7,258,111
72$12,868,859$784,916$0$7,886,019
73$14,071,265$713,160$0$8,579,379
74$15,392,845$634,416$0$9,341,520
75$16,845,645$548,232$0$10,179,473
76$18,442,936$454,130$0$11,100,991
77$20,199,341$351,608$0$12,114,620
78$22,130,968$240,132$0$13,229,785
79$24,255,567$119,139$0$14,456,876
80$26,592,694$0$0$15,807,349
81$29,163,894$0$0$17,297,653
82$31,992,906$0$0$18,979,340
83$35,105,888$0$0$20,829,955
84$38,531,661$0$0$22,866,646
85$42,301,978$0$0$25,108,310
86$46,451,831$0$0$27,575,764
87$51,019,772$0$0$30,291,951
88$56,048,285$0$0$33,282,148
89$61,584,177$0$0$36,574,208
90$67,679,027$0$0$40,198,822
91$74,389,670$0$0$44,189,810
92$81,778,731$0$0$48,584,436
93$89,915,218$0$0$53,423,762
94$98,875,171$0$0$58,753,037
95$108,742,380$0$0$64,622,119
96$119,609,175$0$0$71,085,950
97$131,577,298$0$0$78,205,072
98$144,758,862$0$0$86,046,198
99$159,277,406$0$0$94,682,840
100$175,269,066$0$0$104,196,009