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%11.1%
1 years$98,269$97,394$96,540$95,706$94,892$94,453
2 years$48,648$47,742$46,864$46,013$45,187$44,743
3 years$32,110$31,200$30,324$29,481$28,668$28,234
4 years$23,842$22,935$22,068$21,239$20,447$20,025
5 years$18,883$17,982$17,126$16,314$15,543$15,136
6 years$15,578$14,683$13,840$13,046$12,299$11,907
7 years$13,218$12,331$11,501$10,726$10,002$9,625
8 years$11,449$10,570$9,754$8,998$8,298$7,935
9 years$10,074$9,203$8,401$7,664$6,988$6,640
10 years$8,975$8,112$7,324$6,607$5,954$5,621
11 years$8,076$7,222$6,448$5,750$5,121$4,802
12 years$7,327$6,482$5,723$5,043$4,437$4,133
13 years$6,694$5,858$5,113$4,452$3,870$3,579
14 years$6,152$5,324$4,594$3,952$3,392$3,116
15 years$5,682$4,864$4,148$3,525$2,987$2,723
16 years$5,272$4,463$3,760$3,156$2,640$2,389
17 years$4,910$4,110$3,422$2,836$2,340$2,103
18 years$4,589$3,798$3,124$2,556$2,081$1,855
19 years$4,302$3,520$2,860$2,309$1,855$1,641
20 years$4,044$3,271$2,624$2,091$1,657$1,454
21 years$3,811$3,046$2,414$1,898$1,483$1,291
22 years$3,600$2,844$2,225$1,726$1,329$1,148
23 years$3,407$2,660$2,054$1,572$1,193$1,022
24 years$3,230$2,492$1,900$1,433$1,072$911
25 years$3,068$2,339$1,760$1,309$965$813
26 years$2,919$2,198$1,632$1,197$869$726
27 years$2,780$2,069$1,515$1,096$784$649
28 years$2,652$1,949$1,409$1,004$707$581
29 years$2,533$1,839$1,311$921$638$520
30 years$2,422$1,737$1,221$845$577$466
31 years$2,319$1,642$1,138$776$522$417
32 years$2,222$1,553$1,062$713$472$374
33 years$2,131$1,471$992$656$427$335
34 years$2,046$1,394$927$603$387$301
35 years$1,966$1,322$866$555$350$270
36 years$1,890$1,255$810$512$317$243
37 years$1,819$1,192$759$471$288$218
38 years$1,751$1,133$710$434$261$196
39 years$1,687$1,077$666$401$236$176
40 years$1,627$1,025$624$369$214$158
41 years$1,570$976$585$341$195$142
42 years$1,515$929$549$315$176$128
43 years$1,463$885$515$290$160$115
44 years$1,414$844$483$268$145$103
45 years$1,367$805$454$248$132$93
46 years$1,322$768$426$229$120$83
47 years$1,279$733$400$211$109$75
48 years$1,238$699$376$195$99$67
49 years$1,199$668$354$180$90$61
50 years$1,162$638$333$167$82$55

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 $3,522 every year, while hoping to spend $54,881 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: 61/18/21 Blend
41$1,190,000$1,190,000$1,190,000$1,190,000
42$1,315,013$1,251,943$1,233,498$1,387,798
43$1,390,751$1,254,895$1,216,427$1,440,406
44$1,472,376$1,256,153$1,196,945$1,491,429
45$1,560,428$1,255,575$1,174,913$1,545,877
46$1,655,505$1,253,011$1,150,186$1,604,091
47$1,758,261$1,248,303$1,122,612$1,666,450
48$1,869,416$1,241,282$1,092,031$1,733,371
49$1,989,761$1,231,769$1,058,279$1,805,315
50$2,120,165$1,219,575$1,021,180$1,882,794
51$2,261,585$1,204,497$980,553$1,966,373
52$2,415,073$1,186,323$936,207$2,056,679
53$2,581,785$1,164,828$887,945$2,154,402
54$2,762,993$1,139,770$835,557$2,260,308
55$2,960,097$1,110,898$778,827$2,375,244
56$3,174,638$1,077,942$717,528$2,500,144
57$3,408,308$1,040,619$651,423$2,636,042
58$3,662,974$998,627$580,263$2,784,082
59$3,940,686$951,649$503,791$2,945,527
60$4,243,704$899,348$421,736$3,121,773
61$4,574,513$841,367$333,816$3,314,363
62$4,935,850$777,331$239,735$3,525,002
63$5,330,728$706,842$139,188$3,755,574
64$5,762,463$629,478$31,851$4,008,158
65$6,234,708$544,795$0$4,285,054
66$6,751,482$452,324$0$4,607,329
67$7,317,213$351,568$0$4,968,079
68$7,936,777$242,003$0$5,363,336
69$8,615,542$123,076$0$5,796,605
70$9,359,422$0$0$6,271,749
71$10,174,928$0$0$6,794,178
72$11,069,232$0$0$7,393,910
73$12,050,234$0$0$8,051,877
74$13,126,634$0$0$8,773,926
75$14,308,016$0$0$9,566,498
76$15,604,937$0$0$10,436,687
77$17,029,025$0$0$11,392,310
78$18,593,090$0$0$12,441,975
79$20,311,243$0$0$13,595,167
80$22,199,031$0$0$14,862,334
81$24,273,578$0$0$16,254,987
82$26,553,751$0$0$17,785,806
83$29,060,337$0$0$19,468,762
84$31,816,234$0$0$21,319,247
85$34,846,674$0$0$23,354,218
86$38,179,451$0$0$25,592,360
87$41,845,191$0$0$28,054,256
88$45,877,638$0$0$30,762,587
89$50,313,967$0$0$33,742,342
90$55,195,141$0$0$37,021,054
91$60,566,294$0$0$40,629,060
92$66,477,153$0$0$44,599,787
93$72,982,513$0$0$48,970,064
94$80,142,747$0$0$53,780,474
95$88,024,379$0$0$59,075,732
96$96,700,711$0$0$64,905,112
97$106,252,511$0$0$71,322,903
98$116,768,776$0$0$78,388,928
99$128,347,574$0$0$86,169,108
100$141,096,963$0$0$94,736,079