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%19%
1 years$95,792$94,938$94,106$93,293$92,500$89,147
2 years$47,422$46,538$45,683$44,853$44,048$40,706
3 years$31,300$30,413$29,560$28,738$27,946$24,721
4 years$23,241$22,357$21,512$20,704$19,931$16,848
5 years$18,407$17,528$16,694$15,902$15,151$12,218
6 years$15,185$14,313$13,491$12,717$11,989$9,207
7 years$12,885$12,020$11,211$10,456$9,750$7,119
8 years$11,161$10,303$9,508$8,771$8,089$5,606
9 years$9,820$8,971$8,189$7,471$6,812$4,474
10 years$8,748$7,908$7,140$6,440$5,804$3,608
11 years$7,872$7,040$6,286$5,605$4,992$2,932
12 years$7,142$6,318$5,578$4,916$4,326$2,398
13 years$6,525$5,710$4,984$4,340$3,772$1,970
14 years$5,997$5,190$4,478$3,853$3,307$1,626
15 years$5,539$4,741$4,043$3,436$2,911$1,345
16 years$5,139$4,350$3,666$3,077$2,573$1,116
17 years$4,787$4,006$3,336$2,764$2,281$928
18 years$4,474$3,702$3,045$2,491$2,029$773
19 years$4,194$3,431$2,788$2,251$1,808$645
20 years$3,942$3,188$2,558$2,039$1,615$539
21 years$3,715$2,970$2,353$1,850$1,445$451
22 years$3,509$2,772$2,169$1,682$1,295$377
23 years$3,321$2,593$2,002$1,532$1,163$316
24 years$3,149$2,429$1,852$1,397$1,045$265
25 years$2,991$2,280$1,715$1,276$941$222
26 years$2,845$2,143$1,591$1,167$847$186
27 years$2,710$2,016$1,477$1,068$764$156
28 years$2,585$1,900$1,373$979$689$131
29 years$2,469$1,792$1,278$897$622$110
30 years$2,361$1,693$1,190$824$562$92
31 years$2,260$1,600$1,110$756$508$77
32 years$2,166$1,514$1,035$695$460$65
33 years$2,077$1,434$967$639$416$55
34 years$1,994$1,359$903$588$377$46
35 years$1,916$1,289$844$541$341$39
36 years$1,842$1,223$790$499$309$32
37 years$1,773$1,162$739$459$280$27
38 years$1,707$1,104$692$423$254$23
39 years$1,645$1,050$649$390$230$19
40 years$1,586$999$608$360$209$16
41 years$1,530$951$570$332$190$14
42 years$1,477$906$535$307$172$11
43 years$1,426$863$502$283$156$10
44 years$1,378$823$471$261$142$8
45 years$1,332$784$442$241$129$7
46 years$1,289$748$415$223$117$6
47 years$1,247$714$390$206$106$5
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$3

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 $4,828 every year, while hoping to spend $23,896 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: 60/33/7 Blend
41$1,160,000$1,160,000$1,160,000$1,160,000
42$1,283,300$1,221,820$1,203,840$1,358,170
43$1,388,772$1,256,264$1,218,744$1,443,333
44$1,504,200$1,291,595$1,233,345$1,533,006
45$1,630,576$1,327,831$1,247,610$1,630,207
46$1,768,991$1,364,990$1,261,501$1,735,663
47$1,920,645$1,403,092$1,274,978$1,850,171
48$2,086,860$1,442,153$1,288,000$1,974,609
49$2,269,095$1,482,193$1,300,523$2,109,944
50$2,468,953$1,523,231$1,312,500$2,257,239
51$2,688,201$1,565,284$1,323,884$2,417,667
52$2,928,786$1,608,372$1,334,623$2,592,516
53$3,192,852$1,652,512$1,344,662$2,783,207
54$3,482,761$1,697,723$1,353,946$2,991,304
55$3,801,114$1,744,022$1,362,415$3,218,529
56$4,150,776$1,791,429$1,370,005$3,466,778
57$4,534,906$1,839,959$1,376,650$3,738,141
58$4,956,981$1,889,631$1,382,282$4,034,918
59$5,420,832$1,940,462$1,386,828$4,359,643
60$5,930,680$1,992,469$1,390,210$4,715,107
61$6,491,176$2,045,666$1,392,349$5,104,385
62$7,107,443$2,100,071$1,393,159$5,530,864
63$7,785,125$2,155,697$1,392,553$5,998,275
64$8,530,442$2,212,560$1,390,438$6,510,729
65$9,350,245$2,270,674$1,386,715$7,072,753
66$10,252,083$2,330,050$1,381,284$7,689,336
67$11,244,275$2,390,701$1,374,035$8,365,974
68$12,335,983$2,452,639$1,364,859$9,108,724
69$13,537,308$2,515,872$1,353,635$9,924,255
70$14,859,373$2,580,410$1,340,242$10,819,920
71$16,314,439$2,646,260$1,324,550$11,803,817
72$17,916,013$2,713,427$1,306,424$12,884,870
73$19,678,979$2,781,918$1,285,721$14,072,912
74$21,619,737$2,851,734$1,262,295$15,378,776
75$23,756,357$2,922,876$1,235,989$16,814,401
76$26,108,752$2,995,343$1,206,641$18,392,939
77$28,698,862$3,069,133$1,174,081$20,128,886
78$31,550,865$3,144,239$1,138,132$22,038,212
79$34,691,401$3,220,654$1,098,606$24,138,517
80$38,149,825$3,298,367$1,055,311$26,449,192
81$41,958,485$3,377,366$1,008,042$28,991,606
82$46,153,026$3,457,632$956,587$31,789,307
83$50,772,726$3,539,147$900,724$34,868,244
84$55,860,866$3,621,887$840,220$38,257,007
85$61,465,140$3,705,825$774,833$41,987,107
86$67,638,103$3,790,930$704,309$46,093,264
87$74,437,670$3,877,166$628,384$50,613,740
88$81,927,658$3,964,492$546,780$55,590,695
89$90,178,390$4,052,864$459,209$61,070,594
90$99,267,362$4,142,230$365,368$67,104,635
91$109,279,969$4,232,535$264,944$73,749,240
92$120,310,312$4,323,716$157,606$81,066,585
93$132,462,090$4,415,704$43,012$89,125,186
94$145,849,573$4,508,424$0$98,000,546
95$160,598,684$4,601,791$0$107,781,792
96$176,848,187$4,695,716$0$118,558,507
97$194,750,996$4,790,099$0$130,428,547
98$214,475,615$4,884,832$0$143,503,291
99$236,207,737$4,979,798$0$157,905,476
100$260,151,987$5,074,869$0$173,770,358