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%15.9%
1 years$95,792$94,938$94,106$93,293$92,500$90,264
2 years$47,422$46,538$45,683$44,853$44,048$41,808
3 years$31,300$30,413$29,560$28,738$27,946$25,773
4 years$23,241$22,357$21,512$20,704$19,931$17,842
5 years$18,407$17,528$16,694$15,902$15,151$13,151
6 years$15,185$14,313$13,491$12,717$11,989$10,080
7 years$12,885$12,020$11,211$10,456$9,750$7,933
8 years$11,161$10,303$9,508$8,771$8,089$6,362
9 years$9,820$8,971$8,189$7,471$6,812$5,175
10 years$8,748$7,908$7,140$6,440$5,804$4,254
11 years$7,872$7,040$6,286$5,605$4,992$3,527
12 years$7,142$6,318$5,578$4,916$4,326$2,944
13 years$6,525$5,710$4,984$4,340$3,772$2,471
14 years$5,997$5,190$4,478$3,853$3,307$2,083
15 years$5,539$4,741$4,043$3,436$2,911$1,762
16 years$5,139$4,350$3,666$3,077$2,573$1,495
17 years$4,787$4,006$3,336$2,764$2,281$1,272
18 years$4,474$3,702$3,045$2,491$2,029$1,084
19 years$4,194$3,431$2,788$2,251$1,808$926
20 years$3,942$3,188$2,558$2,039$1,615$792
21 years$3,715$2,970$2,353$1,850$1,445$678
22 years$3,509$2,772$2,169$1,682$1,295$581
23 years$3,321$2,593$2,002$1,532$1,163$499
24 years$3,149$2,429$1,852$1,397$1,045$428
25 years$2,991$2,280$1,715$1,276$941$368
26 years$2,845$2,143$1,591$1,167$847$316
27 years$2,710$2,016$1,477$1,068$764$272
28 years$2,585$1,900$1,373$979$689$234
29 years$2,469$1,792$1,278$897$622$202
30 years$2,361$1,693$1,190$824$562$174
31 years$2,260$1,600$1,110$756$508$150
32 years$2,166$1,514$1,035$695$460$129
33 years$2,077$1,434$967$639$416$111
34 years$1,994$1,359$903$588$377$96
35 years$1,916$1,289$844$541$341$83
36 years$1,842$1,223$790$499$309$71
37 years$1,773$1,162$739$459$280$61
38 years$1,707$1,104$692$423$254$53
39 years$1,645$1,050$649$390$230$46
40 years$1,586$999$608$360$209$39
41 years$1,530$951$570$332$190$34
42 years$1,477$906$535$307$172$29
43 years$1,426$863$502$283$156$25
44 years$1,378$823$471$261$142$22
45 years$1,332$784$442$241$129$19
46 years$1,289$748$415$223$117$16
47 years$1,247$714$390$206$106$14
48 years$1,207$682$367$190$96$12
49 years$1,169$651$345$176$87$10
50 years$1,133$622$324$163$79$9

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 $6,030 every year, while hoping to spend $36,150 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: 78/5/17 Blend
41$1,160,000$1,160,000$1,160,000$1,160,000
42$1,284,540$1,223,060$1,205,080$1,379,470
43$1,377,100$1,244,527$1,206,987$1,464,410
44$1,477,889$1,265,833$1,207,746$1,552,402
45$1,587,709$1,286,935$1,207,281$1,647,933
46$1,707,441$1,307,781$1,205,511$1,751,746
47$1,838,057$1,328,318$1,202,352$1,864,657
48$1,980,624$1,348,491$1,197,716$1,987,565
49$2,136,317$1,368,237$1,191,509$2,121,462
50$2,306,432$1,387,491$1,183,635$2,267,441
51$2,492,394$1,406,183$1,173,992$2,426,704
52$2,695,770$1,424,239$1,162,473$2,600,578
53$2,918,289$1,441,577$1,148,967$2,790,523
54$3,161,854$1,458,113$1,133,356$2,998,151
55$3,428,557$1,473,755$1,115,518$3,225,234
56$3,720,707$1,488,406$1,095,324$3,473,729
57$4,040,842$1,501,961$1,072,641$3,745,789
58$4,391,761$1,514,310$1,047,327$4,043,789
59$4,776,544$1,525,335$1,019,237$4,370,346
60$5,198,585$1,534,910$988,215$4,728,342
61$5,661,622$1,542,901$954,101$5,120,955
62$6,169,770$1,549,167$916,727$5,551,687
63$6,727,566$1,553,555$875,916$6,024,398
64$7,340,005$1,555,906$831,486$6,543,340
65$8,012,588$1,556,048$783,243$7,113,201
66$8,751,377$1,553,800$730,987$7,739,146
67$9,563,051$1,548,969$674,508$8,426,868
68$10,454,964$1,541,351$613,587$9,182,642
69$11,435,222$1,530,729$547,994$10,013,382
70$12,512,753$1,516,873$477,490$10,926,708
71$13,697,393$1,499,538$401,824$11,931,019
72$14,999,978$1,478,467$320,737$13,035,571
73$16,432,449$1,453,385$233,955$14,250,564
74$18,007,960$1,424,002$141,194$15,587,241
75$19,741,004$1,390,011$42,156$17,057,991
76$21,647,550$1,351,085$0$18,676,469
77$23,745,193$1,306,880$0$20,469,249
78$26,053,316$1,257,031$0$22,450,299
79$28,593,281$1,201,153$0$24,630,305
80$31,388,622$1,138,835$0$27,029,474
81$34,465,271$1,069,648$0$29,670,073
82$37,851,801$993,132$0$32,576,639
83$41,579,695$908,807$0$35,776,208
84$45,683,646$816,160$0$39,298,572
85$50,201,879$714,653$0$43,176,560
86$55,176,514$603,714$0$47,446,346
87$60,653,964$482,742$0$52,147,794
88$66,685,371$351,099$0$57,324,828
89$73,327,091$208,115$0$63,025,855
90$80,641,219$53,078$0$69,304,212
91$88,696,184$0$0$76,218,676
92$97,567,387$0$0$83,840,333
93$107,337,914$0$0$92,237,909
94$118,099,323$0$0$101,487,184
95$129,952,503$0$0$111,674,876
96$143,008,630$0$0$122,896,546
97$157,390,212$0$0$135,257,498
98$173,232,248$0$0$148,873,771
99$190,683,501$0$0$163,873,233
100$209,907,902$0$0$180,396,793