Can I retire at age 42 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$94,140$93,302$92,483$91,685$90,905$88,708
2 years$46,604$45,736$44,895$44,079$43,288$41,087
3 years$30,761$29,889$29,050$28,242$27,464$25,329
4 years$22,841$21,972$21,141$20,347$19,587$17,534
5 years$18,090$17,226$16,406$15,628$14,890$12,924
6 years$14,924$14,066$13,259$12,498$11,782$9,906
7 years$12,663$11,813$11,018$10,275$9,582$7,796
8 years$10,968$10,126$9,344$8,620$7,949$6,252
9 years$9,651$8,816$8,048$7,342$6,694$5,085
10 years$8,597$7,771$7,017$6,329$5,704$4,181
11 years$7,736$6,918$6,177$5,508$4,906$3,466
12 years$7,019$6,209$5,482$4,831$4,251$2,893
13 years$6,413$5,612$4,898$4,265$3,707$2,428
14 years$5,893$5,101$4,401$3,786$3,250$2,047
15 years$5,444$4,660$3,973$3,377$2,861$1,731
16 years$5,051$4,275$3,602$3,023$2,529$1,469
17 years$4,704$3,937$3,278$2,717$2,242$1,250
18 years$4,397$3,638$2,992$2,448$1,994$1,065
19 years$4,122$3,372$2,739$2,212$1,777$910
20 years$3,874$3,133$2,514$2,004$1,587$778
21 years$3,651$2,918$2,313$1,818$1,420$666
22 years$3,448$2,724$2,131$1,653$1,273$571
23 years$3,264$2,548$1,968$1,506$1,143$490
24 years$3,094$2,387$1,820$1,373$1,027$421
25 years$2,939$2,240$1,686$1,254$924$362
26 years$2,796$2,106$1,563$1,147$833$311
27 years$2,664$1,982$1,452$1,050$751$267
28 years$2,541$1,867$1,350$962$677$230
29 years$2,427$1,762$1,256$882$612$198
30 years$2,321$1,664$1,170$809$553$171
31 years$2,221$1,573$1,091$743$500$147
32 years$2,129$1,488$1,018$683$452$127
33 years$2,042$1,409$950$628$409$109
34 years$1,960$1,336$888$578$370$94
35 years$1,883$1,267$830$532$335$81
36 years$1,811$1,202$776$490$304$70
37 years$1,742$1,142$727$451$275$60
38 years$1,678$1,085$681$416$250$52
39 years$1,616$1,032$638$384$226$45
40 years$1,559$982$598$354$205$39
41 years$1,504$935$560$327$186$33
42 years$1,451$890$526$301$169$29
43 years$1,402$848$493$278$153$25
44 years$1,354$808$463$257$139$21
45 years$1,309$771$435$237$126$18
46 years$1,267$735$408$219$115$16
47 years$1,226$702$384$202$104$14
48 years$1,186$670$360$187$95$12
49 years$1,149$640$339$173$86$10
50 years$1,113$611$319$160$78$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,140,000, adding $2,705 every year, while hoping to spend $23,190 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: 39/35/26 Blend
41$1,140,000$1,140,000$1,140,000$1,140,000
42$1,259,070$1,198,650$1,180,980$1,298,366
43$1,362,821$1,232,710$1,195,869$1,361,264
44$1,476,378$1,267,662$1,210,479$1,426,878
45$1,600,716$1,303,524$1,224,778$1,497,378
46$1,736,909$1,340,317$1,238,728$1,573,222
47$1,886,140$1,378,060$1,252,292$1,654,917
48$2,049,714$1,416,772$1,265,431$1,743,019
49$2,229,064$1,456,473$1,278,103$1,838,141
50$2,425,772$1,497,184$1,290,263$1,940,958
51$2,641,579$1,538,923$1,301,864$2,052,213
52$2,878,402$1,581,712$1,312,858$2,172,724
53$3,138,353$1,625,570$1,323,193$2,303,393
54$3,423,759$1,670,518$1,332,814$2,445,212
55$3,737,183$1,716,574$1,341,665$2,599,275
56$4,081,450$1,763,760$1,349,684$2,766,787
57$4,459,668$1,812,094$1,356,809$2,949,075
58$4,875,264$1,861,597$1,362,972$3,147,600
59$5,332,014$1,912,288$1,368,104$3,363,973
60$5,834,075$1,964,186$1,372,132$3,599,970
61$6,386,031$2,017,311$1,374,978$3,857,545
62$6,992,927$2,071,680$1,376,561$4,138,853
63$7,660,325$2,127,312$1,376,795$4,446,268
64$8,394,353$2,184,225$1,375,593$4,782,405
65$9,201,761$2,242,436$1,372,859$5,150,149
66$10,089,987$2,301,962$1,368,496$5,552,674
67$11,067,226$2,362,818$1,362,401$5,993,481
68$12,142,507$2,425,021$1,354,465$6,476,428
69$13,325,779$2,488,583$1,344,576$7,005,765
70$14,628,004$2,553,519$1,332,615$7,586,177
71$16,061,260$2,619,841$1,318,458$8,222,826
72$17,638,857$2,687,561$1,301,974$8,921,401
73$19,375,457$2,756,689$1,283,027$9,688,171
74$21,287,220$2,827,233$1,261,475$10,530,047
75$23,391,950$2,899,201$1,237,168$11,454,643
76$25,709,266$2,972,599$1,209,950$12,470,351
77$28,260,785$3,047,430$1,179,657$13,586,419
78$31,070,328$3,123,697$1,146,119$14,813,040
79$34,164,143$3,201,400$1,109,155$16,161,447
80$37,571,154$3,280,537$1,068,580$17,644,020
81$41,323,231$3,361,102$1,024,197$19,274,402
82$45,455,494$3,443,090$975,801$21,067,629
83$50,006,642$3,526,490$923,178$23,040,273
84$55,019,321$3,611,289$866,106$25,210,596
85$60,540,521$3,697,471$804,349$27,598,726
86$66,622,024$3,785,017$737,665$30,226,846
87$73,320,890$3,873,903$665,797$33,119,401
88$80,699,999$3,964,102$588,479$36,303,335
89$88,828,639$4,055,583$505,434$39,808,340
90$97,783,164$4,148,310$416,369$43,667,140
91$107,647,711$4,242,241$320,981$47,915,800
92$118,514,997$4,337,331$218,954$52,594,065
93$130,487,194$4,433,528$109,957$57,745,739
94$143,676,891$4,530,774$0$63,419,097
95$158,208,157$4,629,005$0$69,669,106
96$174,217,714$4,728,150$0$76,585,302
97$191,856,223$4,828,132$0$84,201,872
98$211,289,712$4,928,865$0$92,590,139
99$232,701,137$5,030,254$0$101,828,697
100$256,292,114$5,132,197$0$112,004,159