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

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$91,663$90,846$90,050$89,272$88,513$86,373
2 years$45,378$44,532$43,713$42,919$42,149$40,006
3 years$29,951$29,102$28,285$27,499$26,741$24,662
4 years$22,240$21,393$20,585$19,811$19,072$17,073
5 years$17,614$16,773$15,974$15,217$14,498$12,584
6 years$14,531$13,696$12,910$12,169$11,472$9,645
7 years$12,330$11,502$10,728$10,005$9,330$7,591
8 years$10,680$9,859$9,098$8,393$7,740$6,088
9 years$9,397$8,584$7,836$7,149$6,518$4,952
10 years$8,371$7,567$6,832$6,162$5,554$4,071
11 years$7,533$6,736$6,015$5,363$4,776$3,375
12 years$6,834$6,046$5,338$4,704$4,139$2,817
13 years$6,244$5,464$4,769$4,153$3,609$2,364
14 years$5,738$4,966$4,285$3,687$3,164$1,993
15 years$5,300$4,537$3,869$3,288$2,786$1,686
16 years$4,918$4,163$3,508$2,944$2,462$1,430
17 years$4,580$3,834$3,192$2,645$2,183$1,217
18 years$4,281$3,542$2,914$2,384$1,941$1,037
19 years$4,013$3,283$2,667$2,154$1,730$886
20 years$3,773$3,051$2,448$1,951$1,545$758
21 years$3,555$2,842$2,252$1,770$1,383$649
22 years$3,358$2,653$2,075$1,610$1,240$556
23 years$3,178$2,481$1,916$1,466$1,113$477
24 years$3,013$2,324$1,772$1,337$1,000$410
25 years$2,862$2,181$1,641$1,221$900$352
26 years$2,722$2,050$1,522$1,117$811$303
27 years$2,593$1,929$1,414$1,022$731$260
28 years$2,474$1,818$1,314$936$660$224
29 years$2,363$1,715$1,223$859$596$193
30 years$2,259$1,620$1,139$788$538$166
31 years$2,163$1,531$1,062$724$486$143
32 years$2,073$1,449$991$665$440$123
33 years$1,988$1,372$925$612$398$106
34 years$1,908$1,300$864$563$361$92
35 years$1,833$1,233$808$518$327$79
36 years$1,763$1,171$756$477$296$68
37 years$1,696$1,112$708$440$268$59
38 years$1,633$1,057$663$405$243$51
39 years$1,574$1,005$621$374$220$44
40 years$1,518$956$582$345$200$38
41 years$1,464$910$546$318$181$32
42 years$1,413$867$512$293$165$28
43 years$1,365$826$480$271$149$24
44 years$1,319$787$451$250$136$21
45 years$1,275$751$423$231$123$18
46 years$1,233$716$398$213$112$16
47 years$1,193$683$373$197$102$13
48 years$1,155$652$351$182$92$12
49 years$1,119$623$330$168$84$10
50 years$1,084$595$310$156$76$9

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 $4,965 every year, while hoping to spend $39,936 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: 49/37/14 Blend
41$1,110,000$1,110,000$1,110,000$1,110,000
42$1,228,341$1,169,511$1,152,306$1,283,557
43$1,311,141$1,184,326$1,148,417$1,336,920
44$1,401,047$1,198,528$1,143,059$1,390,302
45$1,498,743$1,212,045$1,136,141$1,447,402
46$1,604,980$1,224,800$1,127,567$1,508,581
47$1,720,584$1,236,712$1,117,236$1,574,241
48$1,846,464$1,247,691$1,105,044$1,644,821
49$1,983,622$1,257,646$1,090,881$1,720,812
50$2,133,157$1,266,476$1,074,631$1,802,751
51$2,296,281$1,274,076$1,056,174$1,891,235
52$2,474,329$1,280,333$1,035,383$1,986,923
53$2,668,768$1,285,127$1,012,126$2,090,541
54$2,881,215$1,288,331$986,265$2,202,892
55$3,113,449$1,289,809$957,655$2,324,865
56$3,367,429$1,289,418$926,144$2,457,439
57$3,645,311$1,287,004$891,575$2,601,697
58$3,949,472$1,282,406$853,781$2,758,835
59$4,282,525$1,275,451$812,590$2,930,173
60$4,647,351$1,265,957$767,820$3,117,169
61$5,047,122$1,253,729$719,283$3,321,434
62$5,485,330$1,238,564$666,781$3,544,745
63$5,965,823$1,220,243$610,107$3,789,066
64$6,492,837$1,198,535$549,046$4,056,564
65$7,071,039$1,173,196$483,372$4,349,631
66$7,705,570$1,143,967$412,850$4,670,910
67$8,402,092$1,110,575$337,233$5,023,315
68$9,166,841$1,072,728$256,266$5,410,065
69$10,006,688$1,030,122$169,681$5,834,712
70$10,929,201$982,429$77,197$6,301,177
71$11,942,719$929,307$0$6,813,786
72$13,056,426$870,393$0$7,380,525
73$14,280,441$805,301$0$8,015,968
74$15,625,911$733,626$0$8,714,432
75$17,105,118$654,939$0$9,482,382
76$18,731,594$568,784$0$10,326,948
77$20,520,246$474,684$0$11,255,993
78$22,487,498$372,130$0$12,278,189
79$24,651,446$260,588$0$13,403,100
80$27,032,029$139,493$0$14,641,273
81$29,651,215$8,247$0$16,004,337
82$32,533,209$0$0$17,505,119
83$35,704,679$0$0$19,212,228
84$39,195,011$0$0$21,094,808
85$43,036,584$0$0$23,166,985
86$47,265,073$0$0$25,448,019
87$51,919,788$0$0$27,959,136
88$57,044,046$0$0$30,723,722
89$62,685,573$0$0$33,767,548
90$68,896,962$0$0$37,119,010
91$75,736,163$0$0$40,809,396
92$83,267,030$0$0$44,873,186
93$91,559,929$0$0$49,348,371
94$100,692,392$0$0$54,276,815
95$110,749,858$0$0$59,704,651
96$121,826,470$0$0$65,682,711
97$134,025,971$0$0$72,267,011
98$147,462,676$0$0$79,519,277
99$162,262,557$0$0$87,507,527
100$178,564,424$0$0$96,306,712