Can I retire at age 42 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$92,489$91,665$90,861$90,076$89,310$87,939
2 years$45,786$44,934$44,107$43,306$42,529$41,151
3 years$30,221$29,365$28,540$27,747$26,982$25,640
4 years$22,440$21,586$20,770$19,990$19,244$17,948
5 years$17,772$16,924$16,118$15,354$14,629$13,383
6 years$14,662$13,820$13,026$12,279$11,575$10,381
7 years$12,441$11,606$10,825$10,095$9,414$8,271
8 years$10,776$9,948$9,180$8,469$7,810$6,719
9 years$9,482$8,662$7,907$7,213$6,577$5,537
10 years$8,447$7,635$6,893$6,218$5,604$4,615
11 years$7,601$6,797$6,069$5,411$4,819$3,879
12 years$6,896$6,100$5,386$4,747$4,176$3,285
13 years$6,300$5,513$4,812$4,191$3,642$2,797
14 years$5,790$5,011$4,324$3,720$3,193$2,393
15 years$5,348$4,578$3,904$3,317$2,811$2,055
16 years$4,962$4,200$3,539$2,970$2,484$1,771
17 years$4,622$3,868$3,221$2,669$2,203$1,531
18 years$4,319$3,574$2,940$2,405$1,959$1,326
19 years$4,049$3,313$2,691$2,173$1,746$1,151
20 years$3,807$3,078$2,470$1,968$1,559$1,001
21 years$3,587$2,867$2,272$1,786$1,395$871
22 years$3,388$2,677$2,094$1,624$1,251$760
23 years$3,206$2,503$1,933$1,479$1,123$663
24 years$3,040$2,345$1,788$1,349$1,009$580
25 years$2,888$2,201$1,656$1,232$908$507
26 years$2,747$2,069$1,536$1,127$818$443
27 years$2,617$1,947$1,426$1,031$737$388
28 years$2,496$1,834$1,326$945$665$340
29 years$2,384$1,731$1,234$866$601$298
30 years$2,280$1,634$1,149$795$543$261
31 years$2,182$1,545$1,071$730$491$229
32 years$2,091$1,462$1,000$671$444$201
33 years$2,006$1,384$933$617$402$177
34 years$1,925$1,312$872$568$364$155
35 years$1,850$1,245$815$523$330$136
36 years$1,779$1,181$763$481$299$120
37 years$1,712$1,122$714$444$271$105
38 years$1,648$1,066$669$409$245$92
39 years$1,588$1,014$626$377$222$81
40 years$1,531$965$587$348$202$71
41 years$1,477$918$551$321$183$63
42 years$1,426$874$516$296$166$55
43 years$1,377$833$485$273$151$48
44 years$1,331$794$455$252$137$43
45 years$1,286$757$427$233$124$37
46 years$1,244$723$401$215$113$33
47 years$1,204$689$377$199$102$29
48 years$1,166$658$354$184$93$25
49 years$1,129$629$333$170$84$22
50 years$1,094$600$313$157$77$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,120,000, adding $2,447 every year, while hoping to spend $27,551 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: 57/18/25 Blend
41$1,120,000$1,120,000$1,120,000$1,120,000
42$1,236,764$1,177,404$1,160,044$1,298,715
43$1,333,600$1,205,783$1,169,592$1,369,765
44$1,439,390$1,234,629$1,178,535$1,444,043
45$1,555,018$1,263,936$1,186,826$1,524,421
46$1,681,457$1,293,696$1,194,413$1,611,496
47$1,819,780$1,323,901$1,201,240$1,705,926
48$1,971,166$1,354,541$1,207,250$1,808,435
49$2,136,916$1,385,604$1,212,383$1,919,822
50$2,318,459$1,417,077$1,216,577$2,040,966
51$2,517,373$1,448,945$1,219,763$2,172,839
52$2,735,393$1,481,191$1,221,872$2,316,509
53$2,974,430$1,513,796$1,222,832$2,473,154
54$3,236,589$1,546,740$1,222,565$2,644,073
55$3,524,190$1,579,999$1,220,989$2,830,697
56$3,839,787$1,613,548$1,218,022$3,034,605
57$4,186,192$1,647,359$1,213,573$3,257,535
58$4,566,505$1,681,402$1,207,549$3,501,404
59$4,984,140$1,715,642$1,199,854$3,768,325
60$5,442,857$1,750,043$1,190,383$4,060,626
61$5,946,799$1,784,565$1,179,031$4,380,876
62$6,500,529$1,819,166$1,165,686$4,731,902
63$7,109,075$1,853,797$1,150,228$5,116,825
64$7,777,976$1,888,408$1,132,536$5,539,081
65$8,513,333$1,922,943$1,112,479$6,002,461
66$9,321,870$1,957,345$1,089,924$6,511,141
67$10,210,994$1,991,547$1,064,730$7,069,726
68$11,188,864$2,025,482$1,036,747$7,683,289
69$12,264,472$2,059,074$1,005,822$8,357,425
70$13,447,723$2,092,244$971,792$9,098,299
71$14,749,533$2,124,907$934,490$9,912,708
72$16,181,928$2,156,969$893,737$10,808,143
73$17,758,156$2,188,332$849,349$11,792,859
74$19,492,819$2,218,891$801,133$12,875,959
75$21,402,002$2,248,532$748,886$14,067,473
76$23,503,430$2,277,135$692,398$15,378,457
77$25,816,635$2,304,569$631,448$16,821,099
78$28,363,136$2,330,697$565,806$18,408,831
79$31,166,646$2,355,371$495,230$20,156,458
80$34,253,294$2,378,434$419,471$22,080,298
81$37,651,870$2,399,719$338,264$24,198,336
82$41,394,101$2,419,045$251,336$26,530,396
83$45,514,945$2,436,223$158,400$29,098,327
84$50,052,921$2,451,051$59,159$31,926,211
85$55,050,478$2,463,311$0$35,040,588
86$60,554,389$2,472,775$0$38,483,183
87$66,616,195$2,479,200$0$42,291,417
88$73,292,691$2,482,324$0$46,485,119
89$80,646,461$2,481,873$0$51,103,549
90$88,746,469$2,477,555$0$56,189,969
91$97,668,712$2,469,058$0$61,792,056
92$107,496,932$2,456,053$0$67,962,350
93$118,323,410$2,438,191$0$74,758,748
94$130,249,835$2,415,099$0$82,245,056
95$143,388,264$2,386,385$0$90,491,585
96$157,862,181$2,351,632$0$99,575,821
97$173,807,660$2,310,398$0$109,583,154
98$191,374,649$2,262,215$0$120,607,682
99$210,728,386$2,206,587$0$132,753,105
100$232,050,961$2,142,990$0$146,133,698