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%17.2%
1 years$93,314$92,483$91,672$90,881$90,108$87,469
2 years$46,195$45,335$44,501$43,693$42,908$40,271
3 years$30,491$29,627$28,795$27,994$27,223$24,670
4 years$22,640$21,779$20,955$20,168$19,416$16,966
5 years$17,931$17,075$16,262$15,491$14,759$12,421
6 years$14,793$13,943$13,142$12,388$11,679$9,453
7 years$12,552$11,709$10,921$10,185$9,498$7,384
8 years$10,872$10,037$9,262$8,544$7,879$5,877
9 years$9,566$8,739$7,978$7,278$6,636$4,743
10 years$8,522$7,703$6,955$6,273$5,654$3,868
11 years$7,668$6,858$6,123$5,460$4,862$3,180
12 years$6,957$6,155$5,434$4,789$4,214$2,632
13 years$6,356$5,562$4,855$4,228$3,674$2,189
14 years$5,842$5,056$4,362$3,753$3,221$1,829
15 years$5,396$4,619$3,938$3,347$2,836$1,533
16 years$5,006$4,238$3,571$2,997$2,506$1,289
17 years$4,663$3,903$3,249$2,693$2,222$1,086
18 years$4,358$3,606$2,966$2,427$1,976$917
19 years$4,085$3,342$2,715$2,193$1,761$776
20 years$3,841$3,106$2,492$1,986$1,573$657
21 years$3,619$2,893$2,292$1,802$1,408$557
22 years$3,418$2,700$2,113$1,639$1,262$473
23 years$3,235$2,526$1,951$1,492$1,133$401
24 years$3,067$2,366$1,804$1,361$1,018$341
25 years$2,913$2,221$1,671$1,243$916$290
26 years$2,771$2,087$1,550$1,137$825$247
27 years$2,640$1,964$1,439$1,040$744$210
28 years$2,519$1,851$1,338$953$671$179
29 years$2,405$1,746$1,245$874$606$152
30 years$2,300$1,649$1,160$802$548$130
31 years$2,202$1,559$1,081$737$495$111
32 years$2,110$1,475$1,009$677$448$94
33 years$2,024$1,397$942$623$405$80
34 years$1,943$1,324$880$573$367$69
35 years$1,866$1,256$823$527$332$58
36 years$1,795$1,192$770$486$301$50
37 years$1,727$1,132$720$448$273$42
38 years$1,663$1,076$675$413$248$36
39 years$1,602$1,023$632$380$224$31
40 years$1,545$973$592$351$204$26
41 years$1,490$926$555$324$185$22
42 years$1,439$882$521$299$168$19
43 years$1,389$841$489$276$152$16
44 years$1,343$801$459$255$138$14
45 years$1,298$764$431$235$125$12
46 years$1,255$729$405$217$114$10
47 years$1,215$696$380$201$103$9
48 years$1,176$664$357$185$94$7
49 years$1,139$634$336$171$85$6
50 years$1,103$606$316$158$77$5

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 $4,568 every year, while hoping to spend $47,963 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: 43/48/9 Blend
41$1,130,000$1,130,000$1,130,000$1,130,000
42$1,249,972$1,190,082$1,172,567$1,300,276
43$1,326,437$1,197,364$1,160,816$1,343,008
44$1,409,094$1,203,395$1,147,063$1,384,046
45$1,498,523$1,208,063$1,131,192$1,427,414
46$1,595,364$1,211,250$1,113,078$1,473,344
47$1,700,319$1,212,829$1,092,594$1,522,091
48$1,814,159$1,212,665$1,069,604$1,573,942
49$1,937,734$1,210,616$1,043,966$1,629,215
50$2,071,976$1,206,530$1,015,533$1,688,262
51$2,217,915$1,200,247$984,150$1,751,474
52$2,376,679$1,191,596$949,656$1,819,287
53$2,549,512$1,180,395$911,881$1,892,182
54$2,737,781$1,166,454$870,648$1,970,694
55$2,942,994$1,149,569$825,773$2,055,419
56$3,166,805$1,129,524$777,063$2,147,015
57$3,411,039$1,106,091$724,315$2,246,212
58$3,677,704$1,079,028$667,318$2,353,820
59$3,969,009$1,048,080$605,852$2,470,738
60$4,287,387$1,012,974$539,687$2,597,959
61$4,635,515$973,425$468,582$2,736,588
62$5,016,344$929,129$392,285$2,887,844
63$5,433,119$879,764$310,535$3,053,081
64$5,889,416$824,992$223,056$3,233,796
65$6,389,172$764,452$129,564$3,431,649
66$6,936,723$697,765$29,760$3,648,474
67$7,536,843$624,531$0$3,886,303
68$8,194,792$544,323$0$4,154,756
69$8,916,362$456,696$0$4,452,477
70$9,707,930$361,174$0$4,779,391
71$10,576,525$257,257$0$5,138,576
72$11,529,886$144,418$0$5,533,432
73$12,576,538$22,098$0$5,967,718
74$13,725,873$0$0$6,445,589
75$14,988,235$0$0$7,029,888
76$16,375,022$0$0$7,684,749
77$17,898,787$0$0$8,404,447
78$19,573,362$0$0$9,195,533
79$21,413,984$0$0$10,065,226
80$23,437,440$0$0$11,021,478
81$25,662,224$0$0$12,073,049
82$28,108,713$0$0$13,229,594
83$30,799,354$0$0$14,501,746
84$33,758,884$0$0$15,901,224
85$37,014,552$0$0$17,440,939
86$40,596,384$0$0$19,135,114
87$44,537,463$0$0$20,999,425
88$48,874,240$0$0$23,051,139
89$53,646,878$0$0$25,309,287
90$58,899,630$0$0$27,794,833
91$64,681,258$0$0$30,530,882
92$71,045,487$0$0$33,542,888
93$78,051,521$0$0$36,858,901
94$85,764,591$0$0$40,509,829
95$94,256,577$0$0$44,529,728
96$103,606,681$0$0$48,956,125
97$113,902,177$0$0$53,830,373
98$125,239,234$0$0$59,198,036
99$137,723,820$0$0$65,109,326
100$151,472,705$0$0$71,619,569