Can I retire at age 42 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$98,269$97,394$96,540$95,706$94,892$94,413
2 years$48,648$47,742$46,864$46,013$45,187$44,703
3 years$32,110$31,200$30,324$29,481$28,668$28,195
4 years$23,842$22,935$22,068$21,239$20,447$19,988
5 years$18,883$17,982$17,126$16,314$15,543$15,100
6 years$15,578$14,683$13,840$13,046$12,299$11,871
7 years$13,218$12,331$11,501$10,726$10,002$9,591
8 years$11,449$10,570$9,754$8,998$8,298$7,903
9 years$10,074$9,203$8,401$7,664$6,988$6,610
10 years$8,975$8,112$7,324$6,607$5,954$5,592
11 years$8,076$7,222$6,448$5,750$5,121$4,774
12 years$7,327$6,482$5,723$5,043$4,437$4,107
13 years$6,694$5,858$5,113$4,452$3,870$3,554
14 years$6,152$5,324$4,594$3,952$3,392$3,091
15 years$5,682$4,864$4,148$3,525$2,987$2,701
16 years$5,272$4,463$3,760$3,156$2,640$2,368
17 years$4,910$4,110$3,422$2,836$2,340$2,082
18 years$4,589$3,798$3,124$2,556$2,081$1,836
19 years$4,302$3,520$2,860$2,309$1,855$1,623
20 years$4,044$3,271$2,624$2,091$1,657$1,437
21 years$3,811$3,046$2,414$1,898$1,483$1,275
22 years$3,600$2,844$2,225$1,726$1,329$1,133
23 years$3,407$2,660$2,054$1,572$1,193$1,008
24 years$3,230$2,492$1,900$1,433$1,072$898
25 years$3,068$2,339$1,760$1,309$965$800
26 years$2,919$2,198$1,632$1,197$869$714
27 years$2,780$2,069$1,515$1,096$784$638
28 years$2,652$1,949$1,409$1,004$707$570
29 years$2,533$1,839$1,311$921$638$510
30 years$2,422$1,737$1,221$845$577$457
31 years$2,319$1,642$1,138$776$522$409
32 years$2,222$1,553$1,062$713$472$366
33 years$2,131$1,471$992$656$427$328
34 years$2,046$1,394$927$603$387$294
35 years$1,966$1,322$866$555$350$264
36 years$1,890$1,255$810$512$317$237
37 years$1,819$1,192$759$471$288$212
38 years$1,751$1,133$710$434$261$191
39 years$1,687$1,077$666$401$236$171
40 years$1,627$1,025$624$369$214$154
41 years$1,570$976$585$341$195$138
42 years$1,515$929$549$315$176$124
43 years$1,463$885$515$290$160$111
44 years$1,414$844$483$268$145$100
45 years$1,367$805$454$248$132$90
46 years$1,322$768$426$229$120$81
47 years$1,279$733$400$211$109$72
48 years$1,238$699$376$195$99$65
49 years$1,199$668$354$180$90$59
50 years$1,162$638$333$167$82$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,190,000, adding $5,099 every year, while hoping to spend $20,956 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: 77/8/15 Blend
41$1,190,000$1,190,000$1,190,000$1,190,000
42$1,316,640$1,253,570$1,235,125$1,413,436
43$1,428,640$1,292,698$1,254,204$1,517,125
44$1,551,362$1,333,040$1,273,221$1,627,654
45$1,685,877$1,374,635$1,292,150$1,748,284
46$1,833,365$1,417,521$1,310,966$1,880,015
47$1,995,126$1,461,738$1,329,641$2,023,949
48$2,172,592$1,507,326$1,348,147$2,181,300
49$2,367,339$1,554,328$1,366,452$2,353,405
50$2,581,104$1,602,786$1,384,525$2,541,736
51$2,815,801$1,652,747$1,402,331$2,747,915
52$3,073,537$1,704,256$1,419,833$2,973,728
53$3,356,633$1,757,359$1,436,993$3,221,145
54$3,667,647$1,812,108$1,453,770$3,492,332
55$4,009,397$1,868,551$1,470,121$3,789,678
56$4,384,986$1,926,740$1,486,000$4,115,815
57$4,797,834$1,986,730$1,501,361$4,473,640
58$5,251,709$2,048,575$1,516,152$4,866,349
59$5,750,760$2,112,333$1,530,320$5,297,459
60$6,299,561$2,178,060$1,543,809$5,770,846
61$6,903,149$2,245,818$1,556,560$6,290,782
62$7,567,076$2,315,670$1,568,511$6,861,973
63$8,297,458$2,387,677$1,579,596$7,489,603
64$9,101,032$2,461,907$1,589,746$8,179,385
65$9,985,224$2,538,427$1,598,889$8,937,614
66$10,958,214$2,617,307$1,606,949$9,771,226
67$12,029,016$2,698,619$1,613,845$10,687,862
68$13,207,561$2,782,437$1,619,494$11,695,943
69$14,504,792$2,868,836$1,623,808$12,804,749
70$15,932,768$2,957,896$1,626,692$14,024,502
71$17,504,775$3,049,698$1,628,051$15,366,469
72$19,235,453$3,144,323$1,627,781$16,843,064
73$21,140,933$3,241,859$1,625,776$18,467,966
74$23,238,991$3,342,394$1,621,923$20,256,248
75$25,549,215$3,446,017$1,616,104$22,224,520
76$28,093,186$3,552,824$1,608,195$24,391,084
77$30,894,688$3,662,909$1,598,066$26,776,109
78$33,979,927$3,776,372$1,585,582$29,401,821
79$37,377,781$3,893,316$1,570,600$32,292,709
80$41,120,071$4,013,845$1,552,972$35,475,761
81$45,241,861$4,138,066$1,532,540$38,980,716
82$49,781,792$4,266,093$1,509,141$42,840,346
83$54,782,442$4,398,038$1,482,604$47,090,762
84$60,290,729$4,534,020$1,452,749$51,771,760
85$66,358,357$4,674,161$1,419,390$56,927,193
86$73,042,299$4,818,584$1,382,329$62,605,386
87$80,405,338$4,967,419$1,341,361$68,859,591
88$88,516,658$5,120,798$1,296,272$75,748,492
89$97,452,496$5,278,856$1,246,837$83,336,757
90$107,296,865$5,441,734$1,192,820$91,695,649
91$118,142,342$5,609,576$1,133,977$100,903,697
92$130,090,946$5,782,530$1,070,049$111,047,442
93$143,255,097$5,960,749$1,000,771$122,222,247
94$157,758,679$6,144,388$925,859$134,533,205
95$173,738,212$6,333,611$845,023$148,096,124
96$191,344,133$6,528,581$757,955$163,038,625
97$210,742,225$6,729,471$664,336$179,501,345
98$232,115,172$6,936,456$563,832$197,639,263
99$255,664,293$7,149,716$456,094$217,623,167
100$281,611,436$7,369,437$340,758$239,641,264