Can I retire at age 42 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$93,314$92,483$91,672$90,881$90,108$89,577
2 years$46,195$45,335$44,501$43,693$42,908$42,373
3 years$30,491$29,627$28,795$27,994$27,223$26,700
4 years$22,640$21,779$20,955$20,168$19,416$18,908
5 years$17,931$17,075$16,262$15,491$14,759$14,270
6 years$14,793$13,943$13,142$12,388$11,679$11,207
7 years$12,552$11,709$10,921$10,185$9,498$9,044
8 years$10,872$10,037$9,262$8,544$7,879$7,444
9 years$9,566$8,739$7,978$7,278$6,636$6,218
10 years$8,522$7,703$6,955$6,273$5,654$5,255
11 years$7,668$6,858$6,123$5,460$4,862$4,481
12 years$6,957$6,155$5,434$4,789$4,214$3,849
13 years$6,356$5,562$4,855$4,228$3,674$3,327
14 years$5,842$5,056$4,362$3,753$3,221$2,890
15 years$5,396$4,619$3,938$3,347$2,836$2,522
16 years$5,006$4,238$3,571$2,997$2,506$2,208
17 years$4,663$3,903$3,249$2,693$2,222$1,939
18 years$4,358$3,606$2,966$2,427$1,976$1,707
19 years$4,085$3,342$2,715$2,193$1,761$1,507
20 years$3,841$3,106$2,492$1,986$1,573$1,332
21 years$3,619$2,893$2,292$1,802$1,408$1,180
22 years$3,418$2,700$2,113$1,639$1,262$1,047
23 years$3,235$2,526$1,951$1,492$1,133$930
24 years$3,067$2,366$1,804$1,361$1,018$827
25 years$2,913$2,221$1,671$1,243$916$737
26 years$2,771$2,087$1,550$1,137$825$656
27 years$2,640$1,964$1,439$1,040$744$585
28 years$2,519$1,851$1,338$953$671$522
29 years$2,405$1,746$1,245$874$606$466
30 years$2,300$1,649$1,160$802$548$417
31 years$2,202$1,559$1,081$737$495$373
32 years$2,110$1,475$1,009$677$448$333
33 years$2,024$1,397$942$623$405$298
34 years$1,943$1,324$880$573$367$267
35 years$1,866$1,256$823$527$332$239
36 years$1,795$1,192$770$486$301$214
37 years$1,727$1,132$720$448$273$192
38 years$1,663$1,076$675$413$248$172
39 years$1,602$1,023$632$380$224$154
40 years$1,545$973$592$351$204$138
41 years$1,490$926$555$324$185$124
42 years$1,439$882$521$299$168$111
43 years$1,389$841$489$276$152$99
44 years$1,343$801$459$255$138$89
45 years$1,298$764$431$235$125$80
46 years$1,255$729$405$217$114$72
47 years$1,215$696$380$201$103$64
48 years$1,176$664$357$185$94$58
49 years$1,139$634$336$171$85$52
50 years$1,103$606$316$158$77$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,130,000, adding $5,068 every year, while hoping to spend $27,812 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: 43/32/25 Blend
41$1,130,000$1,130,000$1,130,000$1,130,000
42$1,250,488$1,190,598$1,173,083$1,294,956
43$1,348,446$1,219,345$1,182,789$1,355,897
44$1,455,463$1,248,569$1,191,889$1,418,833
45$1,572,435$1,278,264$1,200,332$1,486,476
46$1,700,346$1,308,421$1,208,066$1,559,277
47$1,840,281$1,339,034$1,215,035$1,637,733
48$1,993,435$1,370,091$1,221,184$1,722,391
49$2,161,121$1,401,582$1,226,449$1,813,856
50$2,344,788$1,433,492$1,230,769$1,912,793
51$2,546,032$1,465,808$1,234,075$2,019,935
52$2,766,608$1,498,514$1,236,296$2,136,091
53$3,008,450$1,531,589$1,237,361$2,262,151
54$3,273,689$1,565,014$1,237,189$2,399,100
55$3,564,671$1,598,766$1,235,701$2,548,019
56$3,883,981$1,632,819$1,232,811$2,710,103
57$4,234,466$1,667,145$1,228,428$2,886,669
58$4,619,261$1,701,715$1,222,460$3,079,168
59$5,041,821$1,736,494$1,214,808$3,289,201
60$5,505,951$1,771,447$1,205,368$3,518,531
61$6,015,843$1,806,533$1,194,033$3,769,105
62$6,576,115$1,841,709$1,180,689$4,043,066
63$7,191,854$1,876,928$1,165,218$4,342,779
64$7,868,665$1,912,140$1,147,495$4,670,852
65$8,612,724$1,947,289$1,127,391$5,030,157
66$9,430,832$1,982,317$1,104,768$5,423,864
67$10,330,484$2,017,158$1,079,486$5,855,466
68$11,319,940$2,051,745$1,051,395$6,328,814
69$12,408,295$2,086,002$1,020,338$6,848,155
70$13,605,576$2,119,850$986,154$7,418,170
71$14,922,825$2,153,203$948,670$8,044,019
72$16,372,212$2,185,969$907,710$8,731,392
73$17,967,145$2,218,050$863,086$9,486,562
74$19,722,399$2,249,338$814,604$10,316,443
75$21,654,250$2,279,722$762,059$11,228,659
76$23,780,635$2,309,080$705,240$12,231,612
77$26,121,317$2,337,283$643,923$13,334,569
78$28,698,073$2,364,191$577,876$14,547,740
79$31,534,898$2,389,659$506,857$15,882,385
80$34,658,233$2,413,527$430,612$17,350,914
81$38,097,211$2,435,628$348,876$18,967,008
82$41,883,936$2,455,783$261,372$20,745,748
83$46,053,783$2,473,802$167,813$22,703,759
84$50,645,730$2,489,480$67,897$24,859,365
85$55,702,732$2,502,602$0$27,232,767
86$61,272,119$2,512,938$0$29,856,562
87$67,406,047$2,520,243$0$32,764,964
88$74,161,986$2,524,257$0$35,966,986
89$81,603,267$2,524,705$0$39,492,545
90$89,799,677$2,521,292$0$43,374,611
91$98,828,117$2,513,708$0$47,649,518
92$108,773,327$2,501,621$0$52,357,312
93$119,728,688$2,484,682$0$57,542,121
94$131,797,100$2,462,518$0$63,252,582
95$145,091,958$2,434,735$0$69,542,294
96$159,738,215$2,400,914$0$76,470,325
97$175,873,566$2,360,612$0$84,101,776
98$193,649,749$2,313,361$0$92,508,389
99$213,233,969$2,258,662$0$101,769,229
100$234,810,487$2,195,989$0$111,971,431