Can I retire at age 42 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$94,966$94,120$93,295$92,489$91,703$90,896
2 years$47,013$46,137$45,289$44,466$43,668$42,855
3 years$31,031$30,151$29,305$28,490$27,705$26,911
4 years$23,041$22,164$21,326$20,525$19,759$18,991
5 years$18,248$17,377$16,550$15,765$15,021$14,280
6 years$15,055$14,190$13,375$12,608$11,885$11,173
7 years$12,774$11,916$11,115$10,365$9,666$8,982
8 years$11,064$10,215$9,426$8,695$8,019$7,363
9 years$9,735$8,894$8,119$7,407$6,753$6,126
10 years$8,673$7,839$7,078$6,384$5,754$5,155
11 years$7,804$6,979$6,231$5,556$4,949$4,377
12 years$7,081$6,264$5,530$4,874$4,288$3,744
13 years$6,469$5,661$4,941$4,303$3,739$3,221
14 years$5,945$5,145$4,439$3,820$3,278$2,785
15 years$5,491$4,700$4,008$3,406$2,886$2,419
16 years$5,095$4,313$3,634$3,050$2,551$2,108
17 years$4,745$3,972$3,307$2,740$2,262$1,842
18 years$4,435$3,670$3,019$2,470$2,011$1,614
19 years$4,158$3,401$2,763$2,232$1,792$1,417
20 years$3,908$3,161$2,536$2,021$1,601$1,247
21 years$3,683$2,944$2,333$1,834$1,433$1,099
22 years$3,479$2,748$2,150$1,668$1,284$970
23 years$3,292$2,570$1,985$1,519$1,153$857
24 years$3,122$2,408$1,836$1,385$1,036$758
25 years$2,965$2,260$1,700$1,265$932$671
26 years$2,820$2,124$1,577$1,157$840$595
27 years$2,687$1,999$1,464$1,059$757$528
28 years$2,563$1,884$1,361$970$683$468
29 years$2,448$1,777$1,267$890$617$416
30 years$2,341$1,678$1,180$816$557$369
31 years$2,241$1,586$1,100$750$504$328
32 years$2,147$1,501$1,026$689$456$292
33 years$2,059$1,422$958$634$413$260
34 years$1,977$1,347$895$583$374$231
35 years$1,900$1,278$837$537$338$206
36 years$1,826$1,213$783$494$307$183
37 years$1,758$1,152$733$455$278$163
38 years$1,692$1,095$686$420$252$145
39 years$1,631$1,041$643$387$228$129
40 years$1,572$990$603$357$207$115
41 years$1,517$943$565$329$188$103
42 years$1,464$898$530$304$171$92
43 years$1,414$856$498$281$155$82
44 years$1,366$816$467$259$141$73
45 years$1,321$778$439$239$128$65
46 years$1,278$742$412$221$116$58
47 years$1,236$708$387$204$105$52
48 years$1,197$676$364$189$96$46
49 years$1,159$645$342$174$87$41
50 years$1,123$617$321$161$79$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,150,000, adding $5,215 every year, while hoping to spend $43,885 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: 47/27/26 Blend
41$1,150,000$1,150,000$1,150,000$1,150,000
42$1,272,679$1,211,729$1,193,904$1,322,808
43$1,355,799$1,224,411$1,187,207$1,371,290
44$1,445,927$1,236,243$1,178,814$1,419,169
45$1,543,730$1,247,137$1,168,623$1,470,279
46$1,649,944$1,257,001$1,156,526$1,524,943
47$1,765,378$1,265,733$1,142,409$1,583,524
48$1,890,921$1,273,229$1,126,154$1,646,419
49$2,027,551$1,279,374$1,107,637$1,714,070
50$2,176,347$1,284,048$1,086,728$1,786,967
51$2,338,492$1,287,124$1,063,291$1,865,649
52$2,515,291$1,288,466$1,037,184$1,950,717
53$2,708,179$1,287,929$1,008,258$2,042,832
54$2,918,735$1,285,360$976,357$2,142,729
55$3,148,700$1,280,596$941,318$2,251,217
56$3,399,987$1,273,465$902,972$2,369,194
57$3,674,704$1,263,783$861,140$2,497,652
58$3,975,172$1,251,357$815,637$2,637,688
59$4,303,946$1,235,979$766,266$2,790,515
60$4,663,838$1,217,432$712,826$2,957,473
61$5,057,948$1,195,484$655,104$3,140,046
62$5,489,686$1,169,891$592,877$3,339,870
63$5,962,810$1,140,391$525,915$3,558,757
64$6,481,458$1,106,712$453,974$3,798,706
65$7,050,186$1,068,561$376,802$4,061,928
66$7,674,015$1,025,630$294,135$4,350,865
67$8,358,473$977,594$205,697$4,668,213
68$9,109,650$924,109$111,200$5,016,953
69$9,934,253$864,809$10,344$5,400,374
70$10,839,671$799,309$0$5,822,111
71$11,834,043$727,201$0$6,313,165
72$12,926,337$648,055$0$6,855,794
73$14,126,429$561,415$0$7,452,112
74$15,445,200$466,800$0$8,107,617
75$16,894,640$363,703$0$8,828,375
76$18,487,954$251,585$0$9,621,072
77$20,239,694$129,881$0$10,493,084
78$22,165,889$0$0$11,452,542
79$24,284,200$0$0$12,509,013
80$26,614,088$0$0$13,713,589
81$29,176,990$0$0$15,038,785
82$31,996,528$0$0$16,496,832
83$35,098,729$0$0$18,101,210
84$38,512,269$0$0$19,866,767
85$42,268,745$0$0$21,809,867
86$46,402,970$0$0$23,948,539
87$50,953,305$0$0$26,302,649
88$55,962,016$0$0$28,894,086
89$61,475,678$0$0$31,746,969
90$67,545,607$0$0$34,887,876
91$74,228,351$0$0$38,346,090
92$81,586,217$0$0$42,153,881
93$89,687,862$0$0$46,346,807
94$98,608,941$0$0$50,964,047
95$108,432,816$0$0$56,048,777
96$119,251,349$0$0$61,648,571
97$131,165,760$0$0$67,815,852
98$144,287,591$0$0$74,608,389
99$158,739,751$0$0$82,089,837
100$174,657,679$0$0$90,330,341