Can I retire at age 42 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$95,792$94,938$94,106$93,293$92,500$90,595
2 years$47,422$46,538$45,683$44,853$44,048$42,137
3 years$31,300$30,413$29,560$28,738$27,946$26,089
4 years$23,241$22,357$21,512$20,704$19,931$18,143
5 years$18,407$17,528$16,694$15,902$15,151$13,437
6 years$15,185$14,313$13,491$12,717$11,989$10,349
7 years$12,885$12,020$11,211$10,456$9,750$8,186
8 years$11,161$10,303$9,508$8,771$8,089$6,600
9 years$9,820$8,971$8,189$7,471$6,812$5,397
10 years$8,748$7,908$7,140$6,440$5,804$4,462
11 years$7,872$7,040$6,286$5,605$4,992$3,721
12 years$7,142$6,318$5,578$4,916$4,326$3,124
13 years$6,525$5,710$4,984$4,340$3,772$2,637
14 years$5,997$5,190$4,478$3,853$3,307$2,237
15 years$5,539$4,741$4,043$3,436$2,911$1,904
16 years$5,139$4,350$3,666$3,077$2,573$1,626
17 years$4,787$4,006$3,336$2,764$2,281$1,392
18 years$4,474$3,702$3,045$2,491$2,029$1,195
19 years$4,194$3,431$2,788$2,251$1,808$1,027
20 years$3,942$3,188$2,558$2,039$1,615$884
21 years$3,715$2,970$2,353$1,850$1,445$763
22 years$3,509$2,772$2,169$1,682$1,295$658
23 years$3,321$2,593$2,002$1,532$1,163$569
24 years$3,149$2,429$1,852$1,397$1,045$492
25 years$2,991$2,280$1,715$1,276$941$426
26 years$2,845$2,143$1,591$1,167$847$369
27 years$2,710$2,016$1,477$1,068$764$319
28 years$2,585$1,900$1,373$979$689$277
29 years$2,469$1,792$1,278$897$622$240
30 years$2,361$1,693$1,190$824$562$208
31 years$2,260$1,600$1,110$756$508$181
32 years$2,166$1,514$1,035$695$460$157
33 years$2,077$1,434$967$639$416$136
34 years$1,994$1,359$903$588$377$118
35 years$1,916$1,289$844$541$341$103
36 years$1,842$1,223$790$499$309$89
37 years$1,773$1,162$739$459$280$78
38 years$1,707$1,104$692$423$254$67
39 years$1,645$1,050$649$390$230$59
40 years$1,586$999$608$360$209$51
41 years$1,530$951$570$332$190$44
42 years$1,477$906$535$307$172$38
43 years$1,426$863$502$283$156$33
44 years$1,378$823$471$261$142$29
45 years$1,332$784$442$241$129$25
46 years$1,289$748$415$223$117$22
47 years$1,247$714$390$206$106$19
48 years$1,207$682$367$190$96$17
49 years$1,169$651$345$176$87$14
50 years$1,133$622$324$163$79$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,160,000, adding $2,813 every year, while hoping to spend $52,837 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: 35/46/19 Blend
41$1,160,000$1,160,000$1,160,000$1,160,000
42$1,281,222$1,219,742$1,201,762$1,318,538
43$1,355,688$1,223,291$1,185,802$1,349,658
44$1,435,979$1,225,243$1,167,538$1,378,096
45$1,522,633$1,225,464$1,146,835$1,407,678
46$1,616,242$1,223,812$1,123,554$1,438,536
47$1,717,455$1,220,135$1,097,549$1,470,819
48$1,826,988$1,214,274$1,068,669$1,504,695
49$1,945,624$1,206,057$1,036,753$1,540,355
50$2,074,229$1,195,305$1,001,635$1,578,011
51$2,213,751$1,181,825$963,141$1,617,904
52$2,365,234$1,165,416$921,087$1,660,301
53$2,529,828$1,145,861$875,283$1,705,506
54$2,708,796$1,122,934$825,531$1,753,857
55$2,903,527$1,096,392$771,620$1,805,732
56$3,115,552$1,065,980$713,335$1,861,556
57$3,346,553$1,031,428$650,446$1,921,802
58$3,598,383$992,449$582,717$1,987,001
59$3,873,079$948,740$509,899$2,057,743
60$4,172,885$899,981$431,733$2,134,689
61$4,500,272$845,832$347,949$2,218,575
62$4,857,957$785,935$258,262$2,310,220
63$5,248,934$719,911$162,379$2,410,539
64$5,676,497$647,359$59,991$2,520,548
65$6,144,276$567,855$0$2,641,380
66$6,656,264$480,952$0$2,784,283
67$7,216,861$386,177$0$2,954,296
68$7,830,911$283,030$0$3,140,872
69$8,503,750$170,984$0$3,345,812
70$9,241,251$49,481$0$3,571,114
71$10,049,886$0$0$3,818,988
72$10,936,782$0$0$4,133,425
73$11,909,789$0$0$4,506,040
74$12,977,551$0$0$4,915,118
75$14,149,594$0$0$5,364,329
76$15,436,408$0$0$5,857,718
77$16,849,549$0$0$6,399,740
78$18,401,747$0$0$6,995,300
79$20,107,025$0$0$7,649,805
80$21,980,834$0$0$8,369,210
81$24,040,192$0$0$9,160,077
82$26,303,850$0$0$10,029,635
83$28,792,465$0$0$10,985,848
84$31,528,796$0$0$12,037,489
85$34,537,917$0$0$13,194,228
86$37,847,454$0$0$14,466,714
87$41,487,844$0$0$15,866,684
88$45,492,621$0$0$17,407,069
89$49,898,737$0$0$19,102,115
90$54,746,900$0$0$20,967,521
91$60,081,969$0$0$23,020,584
92$65,953,368$0$0$25,280,362
93$72,415,555$0$0$27,767,855
94$79,528,536$0$0$30,506,203
95$87,358,429$0$0$33,520,902
96$95,978,087$0$0$36,840,047
97$105,467,787$0$0$40,494,596
98$115,915,984$0$0$44,518,659
99$127,420,148$0$0$48,949,826
100$140,087,680$0$0$53,829,515