Can I retire at age 42 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$97,443$96,575$95,728$94,902$94,095$91,302
2 years$48,239$47,341$46,470$45,626$44,807$42,017
3 years$31,840$30,938$30,069$29,233$28,427$25,727
4 years$23,642$22,743$21,883$21,061$20,275$17,684
5 years$18,725$17,830$16,982$16,177$15,413$12,940
6 years$15,447$14,560$13,724$12,937$12,195$9,842
7 years$13,107$12,227$11,405$10,636$9,918$7,684
8 years$11,353$10,481$9,672$8,922$8,228$6,112
9 years$9,989$9,126$8,331$7,600$6,929$4,930
10 years$8,899$8,044$7,263$6,551$5,904$4,018
11 years$8,008$7,161$6,394$5,701$5,078$3,301
12 years$7,265$6,427$5,675$5,001$4,400$2,730
13 years$6,638$5,808$5,070$4,415$3,837$2,270
14 years$6,100$5,280$4,555$3,919$3,364$1,895
15 years$5,635$4,823$4,113$3,495$2,962$1,587
16 years$5,228$4,425$3,729$3,130$2,617$1,333
17 years$4,869$4,075$3,393$2,812$2,321$1,123
18 years$4,551$3,766$3,097$2,534$2,064$947
19 years$4,266$3,490$2,836$2,290$1,839$800
20 years$4,010$3,243$2,602$2,074$1,643$677
21 years$3,779$3,021$2,394$1,882$1,470$574
22 years$3,569$2,820$2,206$1,711$1,318$487
23 years$3,378$2,637$2,037$1,558$1,183$413
24 years$3,203$2,471$1,884$1,421$1,063$351
25 years$3,042$2,319$1,745$1,298$957$298
26 years$2,894$2,179$1,618$1,187$862$253
27 years$2,757$2,051$1,503$1,086$777$215
28 years$2,630$1,933$1,397$995$701$183
29 years$2,512$1,823$1,300$913$633$156
30 years$2,402$1,722$1,211$838$572$133
31 years$2,299$1,628$1,129$769$517$113
32 years$2,203$1,540$1,053$707$468$96
33 years$2,113$1,459$983$650$423$82
34 years$2,029$1,382$919$598$383$70
35 years$1,949$1,311$859$551$347$60
36 years$1,874$1,245$804$507$315$51
37 years$1,803$1,182$752$467$285$43
38 years$1,736$1,123$704$431$258$37
39 years$1,673$1,068$660$397$234$31
40 years$1,613$1,016$619$366$213$27
41 years$1,556$967$580$338$193$23
42 years$1,502$921$544$312$175$19
43 years$1,451$878$511$288$159$17
44 years$1,402$837$479$266$144$14
45 years$1,355$798$450$246$131$12
46 years$1,311$761$423$227$119$10
47 years$1,269$726$397$210$108$9
48 years$1,228$693$373$194$98$7
49 years$1,189$662$351$179$89$6
50 years$1,152$633$330$165$81$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,180,000, adding $3,357 every year, while hoping to spend $33,013 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: 44/44/12 Blend
41$1,180,000$1,180,000$1,180,000$1,180,000
42$1,303,823$1,241,283$1,222,993$1,356,556
43$1,401,687$1,266,980$1,228,837$1,419,313
44$1,508,427$1,292,830$1,233,771$1,483,690
45$1,624,913$1,318,805$1,237,729$1,552,732
46$1,752,104$1,344,876$1,240,643$1,626,882
47$1,891,054$1,371,010$1,242,439$1,706,627
48$2,042,924$1,397,172$1,243,044$1,792,504
49$2,208,992$1,423,324$1,242,376$1,885,106
50$2,390,667$1,449,425$1,240,353$1,985,087
51$2,589,498$1,475,429$1,236,888$2,093,166
52$2,807,192$1,501,290$1,231,889$2,210,137
53$3,045,627$1,526,956$1,225,259$2,336,877
54$3,306,875$1,552,370$1,216,899$2,474,350
55$3,593,213$1,577,473$1,206,702$2,623,622
56$3,907,152$1,602,201$1,194,558$2,785,865
57$4,251,458$1,626,485$1,180,352$2,962,375
58$4,629,174$1,650,250$1,163,961$3,154,579
59$5,043,656$1,673,418$1,145,260$3,364,051
60$5,498,598$1,695,904$1,124,115$3,592,527
61$5,998,068$1,717,618$1,100,386$3,841,922
62$6,546,552$1,738,461$1,073,930$4,114,346
63$7,148,986$1,758,332$1,044,592$4,412,128
64$7,810,811$1,777,118$1,012,214$4,737,834
65$8,538,019$1,794,703$976,629$5,094,296
66$9,337,215$1,810,961$937,664$5,484,635
67$10,215,669$1,825,757$895,134$5,912,294
68$11,181,398$1,838,949$848,851$6,381,070
69$12,243,228$1,850,385$798,615$6,895,147
70$13,410,886$1,859,903$744,218$7,459,143
71$14,695,089$1,867,331$685,442$8,078,147
72$16,107,645$1,872,486$622,061$8,757,771
73$17,661,561$1,875,174$553,836$9,504,205
74$19,371,171$1,875,189$480,520$10,324,273
75$21,252,267$1,872,310$401,855$11,225,498
76$23,322,250$1,866,305$317,569$12,216,177
77$25,600,293$1,856,927$227,380$13,305,457
78$28,107,520$1,843,913$130,995$14,503,425
79$30,867,207$1,826,986$28,104$15,821,199
80$33,905,004$1,805,849$0$17,271,041
81$37,249,170$1,780,192$0$18,876,929
82$40,930,845$1,749,681$0$20,647,825
83$44,984,343$1,713,967$0$22,596,602
84$49,447,472$1,672,677$0$24,741,421
85$54,361,893$1,625,418$0$27,102,302
86$59,773,516$1,571,772$0$29,701,311
87$65,732,925$1,511,300$0$32,562,772
88$72,295,863$1,443,533$0$35,713,499
89$79,523,753$1,367,978$0$39,183,046
90$87,484,280$1,284,113$0$43,003,991
91$96,252,027$1,191,386$0$47,212,242
92$105,909,182$1,089,212$0$51,847,381
93$116,546,309$976,974$0$56,953,036
94$128,263,206$854,019$0$62,577,295
95$141,169,846$719,659$0$68,773,163
96$155,387,413$573,165$0$75,599,064
97$171,049,446$413,767$0$83,119,392
98$188,303,101$240,652$0$91,405,125
99$207,310,536$52,964$0$100,534,495
100$228,250,447$0$0$110,593,727