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

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$99,095$98,212$97,351$96,510$95,690$93,376
2 years$49,057$48,143$47,258$46,399$45,567$43,250
3 years$32,380$31,462$30,579$29,728$28,909$26,662
4 years$24,043$23,128$22,254$21,418$20,618$18,457
5 years$19,042$18,133$17,270$16,451$15,674$13,605
6 years$15,709$14,807$13,956$13,156$12,402$10,427
7 years$13,329$12,435$11,598$10,816$10,086$8,206
8 years$11,546$10,659$9,836$9,073$8,367$6,581
9 years$10,159$9,280$8,472$7,729$7,047$5,353
10 years$9,050$8,180$7,386$6,662$6,004$4,401
11 years$8,143$7,282$6,502$5,798$5,164$3,649
12 years$7,388$6,536$5,771$5,086$4,475$3,046
13 years$6,750$5,907$5,156$4,490$3,902$2,556
14 years$6,204$5,369$4,632$3,986$3,421$2,154
15 years$5,730$4,905$4,182$3,554$3,012$1,822
16 years$5,316$4,500$3,792$3,183$2,662$1,546
17 years$4,952$4,144$3,451$2,860$2,360$1,315
18 years$4,628$3,830$3,150$2,577$2,098$1,121
19 years$4,339$3,549$2,884$2,329$1,870$958
20 years$4,078$3,298$2,646$2,109$1,671$819
21 years$3,843$3,072$2,434$1,914$1,495$701
22 years$3,630$2,868$2,244$1,740$1,340$601
23 years$3,435$2,682$2,071$1,585$1,203$516
24 years$3,257$2,513$1,916$1,446$1,081$443
25 years$3,094$2,358$1,774$1,320$973$381
26 years$2,943$2,216$1,646$1,207$876$327
27 years$2,804$2,086$1,528$1,105$790$282
28 years$2,675$1,966$1,421$1,012$713$242
29 years$2,555$1,854$1,322$928$644$209
30 years$2,443$1,751$1,231$852$582$180
31 years$2,338$1,655$1,148$782$526$155
32 years$2,241$1,566$1,071$719$476$133
33 years$2,149$1,483$1,000$661$431$115
34 years$2,063$1,406$934$608$390$99
35 years$1,982$1,333$874$560$353$85
36 years$1,906$1,266$817$516$320$74
37 years$1,834$1,202$765$475$290$63
38 years$1,766$1,142$716$438$263$55
39 years$1,702$1,086$671$404$238$47
40 years$1,641$1,034$629$373$216$41
41 years$1,583$984$590$344$196$35
42 years$1,528$937$553$317$178$30
43 years$1,476$893$519$293$162$26
44 years$1,426$851$487$270$147$23
45 years$1,378$811$458$250$133$19
46 years$1,333$774$430$231$121$17
47 years$1,290$739$404$213$110$14
48 years$1,249$705$379$197$100$12
49 years$1,209$673$357$182$91$11
50 years$1,172$643$335$168$82$9

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 $5,502 every year, while hoping to spend $26,954 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: 40/38/22 Blend
41$1,200,000$1,200,000$1,200,000$1,200,000
42$1,328,075$1,264,475$1,245,875$1,372,356
43$1,434,860$1,297,756$1,258,933$1,437,957
44$1,551,634$1,331,764$1,271,525$1,505,910
45$1,679,386$1,366,506$1,283,607$1,578,882
46$1,819,208$1,401,989$1,295,133$1,657,345
47$1,972,301$1,438,220$1,306,053$1,741,819
48$2,139,986$1,475,204$1,316,316$1,832,879
49$2,323,720$1,512,944$1,325,869$1,931,156
50$2,525,107$1,551,446$1,334,653$2,037,345
51$2,745,913$1,590,712$1,342,609$2,152,212
52$2,988,084$1,630,744$1,349,673$2,276,602
53$3,253,761$1,671,544$1,355,781$2,411,444
54$3,545,306$1,713,110$1,360,860$2,557,764
55$3,865,318$1,755,443$1,364,840$2,716,690
56$4,216,660$1,798,540$1,367,642$2,889,465
57$4,602,487$1,842,396$1,369,185$3,077,461
58$5,026,274$1,887,007$1,369,386$3,282,188
59$5,491,849$1,932,365$1,368,156$3,505,310
60$6,003,429$1,978,462$1,365,400$3,748,662
61$6,565,659$2,025,286$1,361,021$4,014,265
62$7,183,657$2,072,827$1,354,917$4,304,347
63$7,863,064$2,121,069$1,346,980$4,621,363
64$8,610,089$2,169,994$1,337,097$4,968,020
65$9,431,579$2,219,585$1,325,150$5,347,300
66$10,335,073$2,269,818$1,311,016$5,762,490
67$11,328,881$2,320,668$1,294,565$6,217,213
68$12,422,154$2,372,109$1,275,661$6,715,462
69$13,624,981$2,424,109$1,254,162$7,261,639
70$14,948,472$2,476,634$1,229,919$7,860,594
71$16,404,872$2,529,645$1,202,778$8,517,675
72$18,007,672$2,583,100$1,172,574$9,238,774
73$19,771,737$2,636,955$1,139,138$10,030,387
74$21,713,446$2,691,158$1,102,291$10,899,674
75$23,850,847$2,745,654$1,061,847$11,854,525
76$26,203,825$2,800,383$1,017,610$12,903,639
77$28,794,294$2,855,279$969,378$14,056,602
78$31,646,397$2,910,273$916,938$15,323,980
79$34,786,739$2,965,287$860,065$16,717,420
80$38,244,638$3,020,237$798,528$18,249,759
81$42,052,396$3,075,033$732,084$19,935,144
82$46,245,609$3,129,579$660,478$21,789,171
83$50,863,503$3,183,770$583,445$23,829,027
84$55,949,298$3,237,492$500,709$26,073,657
85$61,550,622$3,290,625$411,978$28,543,941
86$67,719,958$3,343,038$316,952$31,262,893
87$74,515,138$3,394,592$215,314$34,255,879
88$81,999,891$3,445,135$106,736$37,550,854
89$90,244,441$3,494,508$0$41,178,632
90$99,326,172$3,542,537$0$45,175,319
91$109,330,359$3,589,039$0$49,603,078
92$120,350,971$3,633,817$0$54,478,170
93$132,491,555$3,676,659$0$59,846,155
94$145,866,220$3,717,342$0$65,757,240
95$160,600,707$3,755,624$0$72,266,757
96$176,833,580$3,791,251$0$79,435,681
97$194,717,532$3,823,949$0$87,331,210
98$214,420,825$3,853,427$0$96,027,398
99$236,128,880$3,879,376$0$105,605,854
100$260,046,026$3,901,466$0$116,156,513