Can I retire at age 42 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$99,095$98,212$97,351$96,510$95,690$92,111
2 years$49,057$48,143$47,258$46,399$45,567$42,002
3 years$32,380$31,462$30,579$29,728$28,909$25,472
4 years$24,043$23,128$22,254$21,418$20,618$17,333
5 years$19,042$18,133$17,270$16,451$15,674$12,550
6 years$15,709$14,807$13,956$13,156$12,402$9,441
7 years$13,329$12,435$11,598$10,816$10,086$7,288
8 years$11,546$10,659$9,836$9,073$8,367$5,729
9 years$10,159$9,280$8,472$7,729$7,047$4,564
10 years$9,050$8,180$7,386$6,662$6,004$3,673
11 years$8,143$7,282$6,502$5,798$5,164$2,979
12 years$7,388$6,536$5,771$5,086$4,475$2,431
13 years$6,750$5,907$5,156$4,490$3,902$1,994
14 years$6,204$5,369$4,632$3,986$3,421$1,642
15 years$5,730$4,905$4,182$3,554$3,012$1,356
16 years$5,316$4,500$3,792$3,183$2,662$1,123
17 years$4,952$4,144$3,451$2,860$2,360$931
18 years$4,628$3,830$3,150$2,577$2,098$774
19 years$4,339$3,549$2,884$2,329$1,870$644
20 years$4,078$3,298$2,646$2,109$1,671$537
21 years$3,843$3,072$2,434$1,914$1,495$448
22 years$3,630$2,868$2,244$1,740$1,340$374
23 years$3,435$2,682$2,071$1,585$1,203$312
24 years$3,257$2,513$1,916$1,446$1,081$261
25 years$3,094$2,358$1,774$1,320$973$218
26 years$2,943$2,216$1,646$1,207$876$183
27 years$2,804$2,086$1,528$1,105$790$153
28 years$2,675$1,966$1,421$1,012$713$128
29 years$2,555$1,854$1,322$928$644$107
30 years$2,443$1,751$1,231$852$582$90
31 years$2,338$1,655$1,148$782$526$75
32 years$2,241$1,566$1,071$719$476$63
33 years$2,149$1,483$1,000$661$431$53
34 years$2,063$1,406$934$608$390$44
35 years$1,982$1,333$874$560$353$37
36 years$1,906$1,266$817$516$320$31
37 years$1,834$1,202$765$475$290$26
38 years$1,766$1,142$716$438$263$22
39 years$1,702$1,086$671$404$238$18
40 years$1,641$1,034$629$373$216$15
41 years$1,583$984$590$344$196$13
42 years$1,528$937$553$317$178$11
43 years$1,476$893$519$293$162$9
44 years$1,426$851$487$270$147$8
45 years$1,378$811$458$250$133$6
46 years$1,333$774$430$231$121$5
47 years$1,290$739$404$213$110$4
48 years$1,249$705$379$197$100$4
49 years$1,209$673$357$182$91$3
50 years$1,172$643$335$168$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,200,000, adding $5,291 every year, while hoping to spend $53,107 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: 39/40/21 Blend
41$1,200,000$1,200,000$1,200,000$1,200,000
42$1,327,858$1,264,258$1,245,658$1,371,158
43$1,406,794$1,269,701$1,230,882$1,408,276
44$1,492,001$1,273,631$1,213,831$1,442,963
45$1,584,064$1,275,917$1,194,373$1,479,388
46$1,683,623$1,276,422$1,172,369$1,517,738
47$1,791,384$1,274,998$1,147,675$1,558,225
48$1,908,122$1,271,489$1,120,138$1,601,081
49$2,034,688$1,265,730$1,089,601$1,646,571
50$2,172,020$1,257,545$1,055,896$1,694,986
51$2,321,149$1,246,747$1,018,851$1,746,654
52$2,483,207$1,233,139$978,284$1,801,941
53$2,659,443$1,216,511$934,005$1,861,252
54$2,851,227$1,196,641$885,815$1,925,042
55$3,060,070$1,173,294$833,508$1,993,816
56$3,287,632$1,146,221$776,865$2,068,136
57$3,535,742$1,115,157$715,661$2,148,628
58$3,806,411$1,079,823$649,660$2,235,988
59$4,101,854$1,039,924$578,613$2,330,990
60$4,424,509$995,146$502,262$2,434,495
61$4,777,059$945,158$420,338$2,547,459
62$5,162,458$889,610$332,559$2,670,944
63$5,583,960$828,132$238,630$2,806,128
64$6,045,145$760,332$138,246$2,954,320
65$6,549,957$685,795$31,084$3,116,972
66$7,102,739$604,085$0$3,295,693
67$7,708,272$514,739$0$3,510,930
68$8,371,822$417,268$0$3,754,647
69$9,099,190$311,156$0$4,022,148
70$9,896,762$195,857$0$4,315,950
71$10,771,575$70,798$0$4,638,832
72$11,731,377$0$0$4,993,871
73$12,784,704$0$0$5,412,912
74$13,940,957$0$0$5,907,273
75$15,210,492$0$0$6,450,239
76$16,604,718$0$0$7,046,712
77$18,136,201$0$0$7,702,088
78$19,818,787$0$0$8,422,317
79$21,667,727$0$0$9,213,949
80$23,699,822$0$0$10,084,203
81$25,933,583$0$0$11,041,031
82$28,389,404$0$0$12,093,196
83$31,089,752$0$0$13,250,349
84$34,059,382$0$0$14,523,128
85$37,325,566$0$0$15,923,249
86$40,918,353$0$0$17,463,623
87$44,870,850$0$0$19,158,475
88$49,219,534$0$0$21,023,480
89$54,004,598$0$0$23,075,907
90$59,270,325$0$0$25,334,784
91$65,065,511$0$0$27,821,079
92$71,443,918$0$0$30,557,893
93$78,464,786$0$0$33,570,683
94$86,193,392$0$0$36,887,498
95$94,701,659$0$0$40,539,245
96$104,068,840$0$0$44,559,981
97$114,382,264$0$0$48,987,232
98$125,738,156$0$0$53,862,350
99$138,242,550$0$0$59,230,900
100$152,012,283$0$0$65,143,093