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%11.1%
1 years$92,489$91,665$90,861$90,076$89,310$88,897
2 years$45,786$44,934$44,107$43,306$42,529$42,111
3 years$30,221$29,365$28,540$27,747$26,982$26,573
4 years$22,440$21,586$20,770$19,990$19,244$18,847
5 years$17,772$16,924$16,118$15,354$14,629$14,246
6 years$14,662$13,820$13,026$12,279$11,575$11,206
7 years$12,441$11,606$10,825$10,095$9,414$9,059
8 years$10,776$9,948$9,180$8,469$7,810$7,469
9 years$9,482$8,662$7,907$7,213$6,577$6,250
10 years$8,447$7,635$6,893$6,218$5,604$5,291
11 years$7,601$6,797$6,069$5,411$4,819$4,520
12 years$6,896$6,100$5,386$4,747$4,176$3,890
13 years$6,300$5,513$4,812$4,191$3,642$3,369
14 years$5,790$5,011$4,324$3,720$3,193$2,932
15 years$5,348$4,578$3,904$3,317$2,811$2,563
16 years$4,962$4,200$3,539$2,970$2,484$2,249
17 years$4,622$3,868$3,221$2,669$2,203$1,979
18 years$4,319$3,574$2,940$2,405$1,959$1,746
19 years$4,049$3,313$2,691$2,173$1,746$1,545
20 years$3,807$3,078$2,470$1,968$1,559$1,369
21 years$3,587$2,867$2,272$1,786$1,395$1,215
22 years$3,388$2,677$2,094$1,624$1,251$1,081
23 years$3,206$2,503$1,933$1,479$1,123$962
24 years$3,040$2,345$1,788$1,349$1,009$858
25 years$2,888$2,201$1,656$1,232$908$765
26 years$2,747$2,069$1,536$1,127$818$683
27 years$2,617$1,947$1,426$1,031$737$611
28 years$2,496$1,834$1,326$945$665$547
29 years$2,384$1,731$1,234$866$601$489
30 years$2,280$1,634$1,149$795$543$438
31 years$2,182$1,545$1,071$730$491$393
32 years$2,091$1,462$1,000$671$444$352
33 years$2,006$1,384$933$617$402$316
34 years$1,925$1,312$872$568$364$283
35 years$1,850$1,245$815$523$330$254
36 years$1,779$1,181$763$481$299$228
37 years$1,712$1,122$714$444$271$205
38 years$1,648$1,066$669$409$245$184
39 years$1,588$1,014$626$377$222$165
40 years$1,531$965$587$348$202$149
41 years$1,477$918$551$321$183$134
42 years$1,426$874$516$296$166$120
43 years$1,377$833$485$273$151$108
44 years$1,331$794$455$252$137$97
45 years$1,286$757$427$233$124$87
46 years$1,244$723$401$215$113$78
47 years$1,204$689$377$199$102$71
48 years$1,166$658$354$184$93$63
49 years$1,129$629$333$170$84$57
50 years$1,094$600$313$157$77$51

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 $3,147 every year, while hoping to spend $33,971 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: 60/22/18 Blend
41$1,120,000$1,120,000$1,120,000$1,120,000
42$1,237,486$1,178,126$1,160,766$1,305,798
43$1,327,565$1,199,709$1,163,507$1,373,922
44$1,425,693$1,221,212$1,165,201$1,444,170
45$1,532,656$1,242,593$1,165,777$1,520,027
46$1,649,317$1,263,811$1,165,162$1,602,041
47$1,776,629$1,284,819$1,163,276$1,690,814
48$1,915,637$1,305,567$1,160,037$1,787,013
49$2,067,495$1,326,003$1,155,361$1,891,371
50$2,233,471$1,346,068$1,149,157$2,004,697
51$2,414,961$1,365,702$1,141,331$2,127,884
52$2,613,505$1,384,839$1,131,782$2,261,915
53$2,830,794$1,403,408$1,120,409$2,407,874
54$3,068,695$1,421,335$1,107,103$2,566,957
55$3,329,260$1,438,538$1,091,749$2,740,482
56$3,614,751$1,454,933$1,074,229$2,929,901
57$3,927,658$1,470,427$1,054,418$3,136,819
58$4,270,724$1,484,923$1,032,186$3,363,000
59$4,646,969$1,498,315$1,007,395$3,610,394
60$5,059,721$1,510,495$979,905$3,881,149
61$5,512,646$1,521,341$949,564$4,177,632
62$6,009,778$1,530,730$916,217$4,502,454
63$6,555,566$1,538,526$879,701$4,858,495
64$7,154,907$1,544,587$839,844$5,248,929
65$7,813,197$1,548,761$796,469$5,677,255
66$8,536,380$1,550,888$749,387$6,147,331
67$9,331,004$1,550,794$698,405$6,663,412
68$10,204,283$1,548,300$643,318$7,230,188
69$11,164,165$1,543,211$583,914$7,852,829
70$12,219,404$1,535,323$519,969$8,537,036
71$13,379,647$1,524,417$451,252$9,289,094
72$14,655,522$1,510,265$377,520$10,115,931
73$16,058,737$1,492,619$298,519$11,025,186
74$17,602,193$1,471,223$213,984$12,025,281
75$19,300,103$1,445,800$123,639$13,125,498
76$21,168,129$1,416,059$27,197$14,336,071
77$23,223,525$1,381,693$0$15,668,284
78$25,485,304$1,342,375$0$17,149,116
79$27,974,412$1,297,759$0$18,784,254
80$30,713,933$1,247,479$0$20,583,645
81$33,729,297$1,191,149$0$22,564,017
82$37,048,529$1,128,359$0$24,743,803
83$40,702,506$1,058,675$0$27,143,318
84$44,725,252$981,641$0$29,784,955
85$49,154,257$896,771$0$32,693,388
86$54,030,833$803,554$0$35,895,815
87$59,400,498$701,449$0$39,422,207
88$65,313,413$589,884$0$43,305,598
89$71,824,848$468,255$0$47,582,393
90$78,995,708$335,925$0$52,292,714
91$86,893,105$192,219$0$57,480,780
92$95,590,990$36,427$0$63,195,323
93$105,170,856$0$0$69,490,052
94$115,722,500$0$0$76,456,162
95$127,344,874$0$0$84,139,000
96$140,147,020$0$0$92,601,843
97$154,249,092$0$0$101,924,137
98$169,783,499$0$0$112,193,428
99$186,896,146$0$0$123,506,187
100$205,747,818$0$0$135,968,721