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%17.6%
1 years$92,489$91,665$90,861$90,076$89,310$86,555
2 years$45,786$44,934$44,107$43,306$42,529$39,777
3 years$30,221$29,365$28,540$27,747$26,982$24,320
4 years$22,440$21,586$20,770$19,990$19,244$16,692
5 years$17,772$16,924$16,118$15,354$14,629$12,194
6 years$14,662$13,820$13,026$12,279$11,575$9,260
7 years$12,441$11,606$10,825$10,095$9,414$7,218
8 years$10,776$9,948$9,180$8,469$7,810$5,731
9 years$9,482$8,662$7,907$7,213$6,577$4,614
10 years$8,447$7,635$6,893$6,218$5,604$3,753
11 years$7,601$6,797$6,069$5,411$4,819$3,078
12 years$6,896$6,100$5,386$4,747$4,176$2,540
13 years$6,300$5,513$4,812$4,191$3,642$2,108
14 years$5,790$5,011$4,324$3,720$3,193$1,756
15 years$5,348$4,578$3,904$3,317$2,811$1,468
16 years$4,962$4,200$3,539$2,970$2,484$1,230
17 years$4,622$3,868$3,221$2,669$2,203$1,034
18 years$4,319$3,574$2,940$2,405$1,959$870
19 years$4,049$3,313$2,691$2,173$1,746$734
20 years$3,807$3,078$2,470$1,968$1,559$619
21 years$3,587$2,867$2,272$1,786$1,395$524
22 years$3,388$2,677$2,094$1,624$1,251$443
23 years$3,206$2,503$1,933$1,479$1,123$375
24 years$3,040$2,345$1,788$1,349$1,009$318
25 years$2,888$2,201$1,656$1,232$908$269
26 years$2,747$2,069$1,536$1,127$818$228
27 years$2,617$1,947$1,426$1,031$737$194
28 years$2,496$1,834$1,326$945$665$164
29 years$2,384$1,731$1,234$866$601$140
30 years$2,280$1,634$1,149$795$543$119
31 years$2,182$1,545$1,071$730$491$101
32 years$2,091$1,462$1,000$671$444$86
33 years$2,006$1,384$933$617$402$73
34 years$1,925$1,312$872$568$364$62
35 years$1,850$1,245$815$523$330$52
36 years$1,779$1,181$763$481$299$45
37 years$1,712$1,122$714$444$271$38
38 years$1,648$1,066$669$409$245$32
39 years$1,588$1,014$626$377$222$27
40 years$1,531$965$587$348$202$23
41 years$1,477$918$551$321$183$20
42 years$1,426$874$516$296$166$17
43 years$1,377$833$485$273$151$14
44 years$1,331$794$455$252$137$12
45 years$1,286$757$427$233$124$10
46 years$1,244$723$401$215$113$9
47 years$1,204$689$377$199$102$7
48 years$1,166$658$354$184$93$6
49 years$1,129$629$333$170$84$5
50 years$1,094$600$313$157$77$5

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 $3,468 every year, while hoping to spend $30,632 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: 57/31/12 Blend
41$1,120,000$1,120,000$1,120,000$1,120,000
42$1,237,817$1,178,457$1,161,097$1,304,468
43$1,331,482$1,203,609$1,167,402$1,375,061
44$1,433,675$1,228,967$1,172,891$1,448,259
45$1,545,232$1,254,509$1,177,505$1,527,292
46$1,667,075$1,280,210$1,181,181$1,612,725
47$1,800,220$1,306,043$1,183,854$1,705,178
48$1,945,783$1,331,980$1,185,454$1,805,334
49$2,104,995$1,357,989$1,185,908$1,913,949
50$2,279,210$1,384,036$1,185,141$2,031,851
51$2,469,919$1,410,083$1,183,073$2,159,955
52$2,678,764$1,436,091$1,179,620$2,299,271
53$2,907,555$1,462,016$1,174,694$2,450,908
54$3,158,282$1,487,812$1,168,203$2,616,091
55$3,433,140$1,513,427$1,160,051$2,796,171
56$3,734,543$1,538,808$1,150,135$2,992,634
57$4,065,153$1,563,896$1,138,352$3,207,119
58$4,427,901$1,588,629$1,124,588$3,441,434
59$4,826,013$1,612,939$1,108,729$3,697,569
60$5,263,047$1,636,754$1,090,652$3,977,720
61$5,742,920$1,659,996$1,070,230$4,284,307
62$6,269,945$1,682,583$1,047,330$4,619,997
63$6,848,875$1,704,426$1,021,812$4,987,728
64$7,484,948$1,725,430$993,530$5,390,741
65$8,183,931$1,745,494$962,332$5,832,608
66$8,952,179$1,764,511$928,057$6,317,265
67$9,796,693$1,782,364$890,539$6,849,053
68$10,725,186$1,798,930$849,602$7,432,754
69$11,746,157$1,814,079$805,066$8,073,642
70$12,868,967$1,827,671$756,737$8,777,528
71$14,103,932$1,839,557$704,418$9,550,819
72$15,462,416$1,849,579$647,900$10,400,576
73$16,956,943$1,857,569$586,964$11,334,584
74$18,601,308$1,863,346$521,384$12,361,423
75$20,410,713$1,866,722$450,922$13,490,549
76$22,401,907$1,867,493$375,330$14,732,388
77$24,593,347$1,865,445$294,348$16,098,430
78$27,005,366$1,860,350$207,707$17,601,342
79$29,660,371$1,851,965$115,123$19,255,083
80$32,583,052$1,840,033$16,302$21,075,042
81$35,800,611$1,824,283$0$23,078,181
82$39,343,025$1,804,425$0$25,294,610
83$43,243,324$1,780,152$0$27,736,490
84$47,537,904$1,751,141$0$30,424,488
85$52,266,870$1,717,046$0$33,383,682
86$57,474,413$1,677,504$0$36,641,713
87$63,209,230$1,632,128$0$40,229,044
88$69,524,979$1,580,510$0$44,179,245
89$76,480,790$1,522,218$0$48,529,319
90$84,141,818$1,456,794$0$53,320,042
91$92,579,860$1,383,754$0$58,596,356
92$101,874,034$1,302,585$0$64,407,791
93$112,111,520$1,212,747$0$70,808,932
94$123,388,389$1,113,666$0$77,859,938
95$135,810,506$1,004,737$0$85,627,111
96$149,494,529$885,320$0$94,183,520
97$164,569,010$754,740$0$103,609,693
98$181,175,608$612,281$0$113,994,380
99$199,470,427$457,189$0$125,435,389
100$219,625,487$288,668$0$138,040,515