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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$95,792$94,938$94,106$93,293$92,500$91,382
2 years$47,422$46,538$45,683$44,853$44,048$42,923
3 years$31,300$30,413$29,560$28,738$27,946$26,848
4 years$23,241$22,357$21,512$20,704$19,931$18,870
5 years$18,407$17,528$16,694$15,902$15,151$14,130
6 years$15,185$14,313$13,491$12,717$11,989$11,008
7 years$12,885$12,020$11,211$10,456$9,750$8,810
8 years$11,161$10,303$9,508$8,771$8,089$7,189
9 years$9,820$8,971$8,189$7,471$6,812$5,953
10 years$8,748$7,908$7,140$6,440$5,804$4,985
11 years$7,872$7,040$6,286$5,605$4,992$4,212
12 years$7,142$6,318$5,578$4,916$4,326$3,584
13 years$6,525$5,710$4,984$4,340$3,772$3,068
14 years$5,997$5,190$4,478$3,853$3,307$2,639
15 years$5,539$4,741$4,043$3,436$2,911$2,279
16 years$5,139$4,350$3,666$3,077$2,573$1,975
17 years$4,787$4,006$3,336$2,764$2,281$1,717
18 years$4,474$3,702$3,045$2,491$2,029$1,496
19 years$4,194$3,431$2,788$2,251$1,808$1,306
20 years$3,942$3,188$2,558$2,039$1,615$1,142
21 years$3,715$2,970$2,353$1,850$1,445$1,001
22 years$3,509$2,772$2,169$1,682$1,295$878
23 years$3,321$2,593$2,002$1,532$1,163$771
24 years$3,149$2,429$1,852$1,397$1,045$678
25 years$2,991$2,280$1,715$1,276$941$596
26 years$2,845$2,143$1,591$1,167$847$525
27 years$2,710$2,016$1,477$1,068$764$463
28 years$2,585$1,900$1,373$979$689$408
29 years$2,469$1,792$1,278$897$622$360
30 years$2,361$1,693$1,190$824$562$318
31 years$2,260$1,600$1,110$756$508$281
32 years$2,166$1,514$1,035$695$460$248
33 years$2,077$1,434$967$639$416$219
34 years$1,994$1,359$903$588$377$194
35 years$1,916$1,289$844$541$341$171
36 years$1,842$1,223$790$499$309$151
37 years$1,773$1,162$739$459$280$134
38 years$1,707$1,104$692$423$254$118
39 years$1,645$1,050$649$390$230$105
40 years$1,586$999$608$360$209$93
41 years$1,530$951$570$332$190$82
42 years$1,477$906$535$307$172$73
43 years$1,426$863$502$283$156$64
44 years$1,378$823$471$261$142$57
45 years$1,332$784$442$241$129$50
46 years$1,289$748$415$223$117$45
47 years$1,247$714$390$206$106$39
48 years$1,207$682$367$190$96$35
49 years$1,169$651$345$176$87$31
50 years$1,133$622$324$163$79$27

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 $5,912 every year, while hoping to spend $48,410 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: 74/19/7 Blend
41$1,160,000$1,160,000$1,160,000$1,160,000
42$1,284,418$1,222,938$1,204,958$1,377,803
43$1,363,921$1,231,354$1,193,816$1,448,526
44$1,449,911$1,238,560$1,180,679$1,519,276
45$1,542,998$1,244,446$1,165,428$1,595,402
46$1,643,853$1,248,893$1,147,939$1,677,420
47$1,753,215$1,251,778$1,128,084$1,765,896
48$1,871,895$1,252,967$1,105,727$1,861,457
49$2,000,786$1,252,320$1,080,727$1,964,792
50$2,140,869$1,249,687$1,052,934$2,076,662
51$2,293,225$1,244,909$1,022,195$2,197,905
52$2,459,042$1,237,818$988,346$2,329,444
53$2,639,628$1,228,234$951,219$2,472,299
54$2,836,420$1,215,968$910,635$2,627,591
55$3,051,003$1,200,819$866,410$2,796,560
56$3,285,120$1,182,573$818,349$2,980,569
57$3,540,688$1,161,005$766,250$3,181,123
58$3,819,820$1,135,876$709,901$3,399,883
59$4,124,840$1,106,932$649,080$3,638,676
60$4,458,306$1,073,905$583,557$3,899,521
61$4,823,037$1,036,510$513,091$4,184,640
62$5,222,136$994,447$437,428$4,496,487
63$5,659,017$947,399$356,305$4,837,764
64$6,137,444$895,028$269,448$5,211,452
65$6,661,558$836,979$176,569$5,620,839
66$7,235,921$772,876$77,369$6,069,547
67$7,865,559$702,321$0$6,561,574
68$8,556,004$624,892$0$7,103,452
69$9,313,351$540,147$0$7,704,215
70$10,144,314$447,616$0$8,363,460
71$11,056,287$346,801$0$9,087,118
72$12,057,415$237,181$0$9,881,726
73$13,156,669$118,200$0$10,754,490
74$14,363,933$0$0$11,713,355
75$15,690,094$0$0$12,769,317
76$17,147,147$0$0$13,956,707
77$18,748,304$0$0$15,261,585
78$20,508,121$0$0$16,695,822
79$22,442,636$0$0$18,272,493
80$24,569,516$0$0$20,006,007
81$26,908,227$0$0$21,912,236
82$29,480,213$0$0$24,008,666
83$32,309,103$0$0$26,314,566
84$35,420,930$0$0$28,851,164
85$38,844,378$0$0$31,641,849
86$42,611,047$0$0$34,712,391
87$46,755,761$0$0$38,091,186
88$51,316,884$0$0$41,809,519
89$56,336,691$0$0$45,901,862
90$61,861,761$0$0$50,406,199
91$67,943,418$0$0$55,364,383
92$74,638,214$0$0$60,822,529
93$82,008,463$0$0$66,831,451
94$90,122,829$0$0$73,447,142
95$99,056,968$0$0$80,731,299
96$108,894,251$0$0$88,751,904
97$119,726,541$0$0$97,583,871
98$131,655,065$0$0$107,309,745
99$144,791,365$0$0$118,020,487
100$159,258,353$0$0$129,816,326