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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$98,269$97,394$96,540$95,706$94,892$91,708
2 years$48,648$47,742$46,864$46,013$45,187$42,010
3 years$32,110$31,200$30,324$29,481$28,668$25,599
4 years$23,842$22,935$22,068$21,239$20,447$17,508
5 years$18,883$17,982$17,126$16,314$15,543$12,743
6 years$15,578$14,683$13,840$13,046$12,299$9,640
7 years$13,218$12,331$11,501$10,726$10,002$7,484
8 years$11,449$10,570$9,754$8,998$8,298$5,918
9 years$10,074$9,203$8,401$7,664$6,988$4,744
10 years$8,975$8,112$7,324$6,607$5,954$3,842
11 years$8,076$7,222$6,448$5,750$5,121$3,136
12 years$7,327$6,482$5,723$5,043$4,437$2,577
13 years$6,694$5,858$5,113$4,452$3,870$2,128
14 years$6,152$5,324$4,594$3,952$3,392$1,764
15 years$5,682$4,864$4,148$3,525$2,987$1,467
16 years$5,272$4,463$3,760$3,156$2,640$1,224
17 years$4,910$4,110$3,422$2,836$2,340$1,023
18 years$4,589$3,798$3,124$2,556$2,081$857
19 years$4,302$3,520$2,860$2,309$1,855$718
20 years$4,044$3,271$2,624$2,091$1,657$603
21 years$3,811$3,046$2,414$1,898$1,483$507
22 years$3,600$2,844$2,225$1,726$1,329$427
23 years$3,407$2,660$2,054$1,572$1,193$359
24 years$3,230$2,492$1,900$1,433$1,072$303
25 years$3,068$2,339$1,760$1,309$965$255
26 years$2,919$2,198$1,632$1,197$869$215
27 years$2,780$2,069$1,515$1,096$784$182
28 years$2,652$1,949$1,409$1,004$707$153
29 years$2,533$1,839$1,311$921$638$129
30 years$2,422$1,737$1,221$845$577$109
31 years$2,319$1,642$1,138$776$522$92
32 years$2,222$1,553$1,062$713$472$78
33 years$2,131$1,471$992$656$427$66
34 years$2,046$1,394$927$603$387$56
35 years$1,966$1,322$866$555$350$47
36 years$1,890$1,255$810$512$317$40
37 years$1,819$1,192$759$471$288$34
38 years$1,751$1,133$710$434$261$28
39 years$1,687$1,077$666$401$236$24
40 years$1,627$1,025$624$369$214$20
41 years$1,570$976$585$341$195$17
42 years$1,515$929$549$315$176$14
43 years$1,463$885$515$290$160$12
44 years$1,414$844$483$268$145$10
45 years$1,367$805$454$248$132$9
46 years$1,322$768$426$229$120$7
47 years$1,279$733$400$211$109$6
48 years$1,238$699$376$195$99$5
49 years$1,199$668$354$180$90$4
50 years$1,162$638$333$167$82$4

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 $4,628 every year, while hoping to spend $39,157 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: 76/10/14 Blend
41$1,190,000$1,190,000$1,190,000$1,190,000
42$1,316,154$1,253,084$1,234,639$1,411,978
43$1,408,739$1,272,822$1,234,336$1,495,591
44$1,509,455$1,292,215$1,232,712$1,581,857
45$1,619,091$1,311,205$1,229,679$1,675,350
46$1,738,513$1,329,729$1,225,148$1,776,777
47$1,868,675$1,347,720$1,219,025$1,886,918
48$2,010,629$1,365,107$1,211,211$2,006,630
49$2,165,529$1,381,814$1,201,602$2,136,858
50$2,334,649$1,397,758$1,190,092$2,278,643
51$2,519,388$1,412,853$1,176,564$2,433,134
52$2,721,288$1,427,006$1,160,902$2,601,595
53$2,942,048$1,440,117$1,142,980$2,785,419
54$3,183,535$1,452,081$1,122,669$2,986,141
55$3,447,808$1,462,785$1,099,831$3,205,454
56$3,737,133$1,472,110$1,074,323$3,445,223
57$4,054,004$1,479,928$1,045,997$3,707,502
58$4,401,171$1,486,103$1,014,697$3,994,557
59$4,781,659$1,490,490$980,258$4,308,882
60$5,198,802$1,492,937$942,509$4,653,230
61$5,656,269$1,493,281$901,273$5,030,631
62$6,158,104$1,491,347$856,361$5,444,427
63$6,708,761$1,486,954$807,580$5,898,300
64$7,313,144$1,479,904$754,723$6,396,309
65$7,976,658$1,469,992$697,579$6,942,926
66$8,705,253$1,456,998$635,924$7,543,081
67$9,505,487$1,440,689$569,526$8,202,208
68$10,384,582$1,420,818$498,140$8,926,295
69$11,350,495$1,397,124$421,514$9,721,943
70$12,411,992$1,369,330$339,381$10,596,424
71$13,578,730$1,337,141$251,465$11,557,757
72$14,861,347$1,300,248$157,476$12,614,778
73$16,271,565$1,258,321$57,112$13,777,225
74$17,822,298$1,211,012$0$15,055,833
75$19,527,774$1,157,952$0$16,469,898
76$21,403,667$1,098,752$0$18,034,582
77$23,467,249$1,032,999$0$19,755,766
78$25,737,549$960,257$0$21,649,340
79$28,235,534$880,065$0$23,732,817
80$30,984,306$791,935$0$26,025,492
81$34,009,317$695,352$0$28,548,630
82$37,338,615$589,772$0$31,325,663
83$41,003,103$474,619$0$34,382,412
84$45,036,831$349,287$0$37,747,331
85$49,477,318$213,133$0$41,451,776
86$54,365,907$65,479$0$45,530,300
87$59,748,152$0$0$50,020,980
88$65,674,249$0$0$54,976,165
89$72,199,509$0$0$60,440,340
90$79,384,880$0$0$66,457,344
91$87,297,521$0$0$73,083,423
92$96,011,436$0$0$80,380,556
93$105,608,172$0$0$88,417,040
94$116,177,587$0$0$97,268,131
95$127,818,700$0$0$107,016,759
96$140,640,623$0$0$117,754,306
97$154,763,591$0$0$129,581,471
98$170,320,097$0$0$142,609,218
99$187,456,142$0$0$156,959,824
100$206,332,610$0$0$172,768,033