Can I retire at age 42 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$99,921$99,031$98,162$97,315$96,487$95,400
2 years$49,466$48,544$47,652$46,786$45,946$44,852
3 years$32,650$31,724$30,834$29,976$29,150$28,083
4 years$24,243$23,321$22,439$21,596$20,790$19,757
5 years$19,201$18,284$17,414$16,588$15,804$14,810
6 years$15,840$14,930$14,073$13,265$12,505$11,550
7 years$13,441$12,538$11,695$10,906$10,170$9,254
8 years$11,642$10,748$9,918$9,149$8,437$7,561
9 years$10,243$9,358$8,542$7,793$7,105$6,268
10 years$9,125$8,248$7,447$6,718$6,054$5,255
11 years$8,211$7,343$6,557$5,846$5,207$4,446
12 years$7,450$6,591$5,819$5,128$4,512$3,788
13 years$6,806$5,956$5,199$4,527$3,935$3,247
14 years$6,255$5,414$4,671$4,019$3,449$2,796
15 years$5,778$4,946$4,217$3,584$3,037$2,418
16 years$5,361$4,538$3,824$3,209$2,684$2,099
17 years$4,993$4,179$3,479$2,883$2,380$1,827
18 years$4,667$3,862$3,176$2,599$2,116$1,594
19 years$4,375$3,579$2,908$2,348$1,886$1,393
20 years$4,112$3,326$2,668$2,127$1,685$1,221
21 years$3,875$3,098$2,455$1,930$1,508$1,071
22 years$3,660$2,892$2,262$1,755$1,351$941
23 years$3,464$2,704$2,089$1,598$1,213$828
24 years$3,285$2,534$1,932$1,458$1,090$729
25 years$3,120$2,378$1,789$1,331$981$642
26 years$2,968$2,235$1,659$1,217$884$566
27 years$2,827$2,103$1,541$1,114$797$500
28 years$2,697$1,982$1,432$1,021$719$442
29 years$2,576$1,870$1,333$936$649$390
30 years$2,463$1,766$1,242$859$587$345
31 years$2,358$1,669$1,158$789$530$305
32 years$2,259$1,579$1,080$725$480$270
33 years$2,167$1,496$1,008$667$434$239
34 years$2,080$1,418$942$613$393$212
35 years$1,999$1,345$881$565$356$187
36 years$1,922$1,276$824$520$323$166
37 years$1,849$1,212$771$479$292$147
38 years$1,781$1,152$722$442$265$130
39 years$1,716$1,095$677$407$240$115
40 years$1,654$1,042$634$376$218$102
41 years$1,596$992$595$347$198$91
42 years$1,541$945$558$320$179$80
43 years$1,488$900$524$295$163$71
44 years$1,438$858$491$273$148$63
45 years$1,390$818$461$252$134$56
46 years$1,344$781$433$233$122$50
47 years$1,301$745$407$215$111$44
48 years$1,259$711$383$199$100$39
49 years$1,219$679$360$183$91$35
50 years$1,181$649$338$170$83$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,210,000, adding $6,551 every year, while hoping to spend $33,586 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: 54/18/28 Blend
41$1,210,000$1,210,000$1,210,000$1,210,000
42$1,340,177$1,276,047$1,257,292$1,401,796
43$1,441,140$1,302,838$1,263,676$1,471,897
44$1,551,276$1,329,817$1,269,149$1,544,196
45$1,671,484$1,356,956$1,273,643$1,622,240
46$1,802,755$1,384,227$1,277,090$1,706,592
47$1,946,181$1,411,599$1,279,418$1,797,874
48$2,102,962$1,439,038$1,280,549$1,896,773
49$2,274,420$1,466,506$1,280,403$2,004,045
50$2,462,011$1,493,965$1,278,897$2,120,525
51$2,667,338$1,521,371$1,275,942$2,247,133
52$2,892,166$1,548,677$1,271,445$2,384,884
53$3,138,437$1,575,833$1,265,309$2,534,896
54$3,408,294$1,602,785$1,257,432$2,698,405
55$3,704,092$1,629,474$1,247,709$2,876,770
56$4,028,429$1,655,838$1,236,027$3,071,493
57$4,384,164$1,681,808$1,222,268$3,284,230
58$4,774,445$1,707,314$1,206,311$3,516,804
59$5,202,743$1,732,277$1,188,027$3,771,229
60$5,672,879$1,756,614$1,167,282$4,049,725
61$6,189,061$1,780,237$1,143,934$4,354,739
62$6,755,926$1,803,050$1,117,837$4,688,969
63$7,378,583$1,824,951$1,088,837$5,055,391
64$8,062,657$1,845,833$1,056,772$5,457,287
65$8,814,348$1,865,578$1,021,474$5,898,276
66$9,640,484$1,884,065$982,766$6,382,345
67$10,548,589$1,901,160$940,464$6,913,896
68$11,546,952$1,916,722$894,376$7,497,776
69$12,644,703$1,930,604$844,299$8,139,335
70$13,851,903$1,942,644$790,024$8,844,468
71$15,179,637$1,952,674$731,330$9,619,675
72$16,640,118$1,960,512$667,987$10,472,124
73$18,246,800$1,965,968$599,755$11,409,717
74$20,014,510$1,968,837$526,383$12,441,164
75$21,959,582$1,968,902$447,609$13,576,070
76$24,100,015$1,965,933$363,159$14,825,023
77$26,455,640$1,959,687$272,748$16,199,695
78$29,048,307$1,949,903$176,077$17,712,954
79$31,902,093$1,936,307$72,834$19,378,985
80$35,043,527$1,918,607$0$21,213,428
81$38,501,841$1,896,493$0$23,244,677
82$42,309,245$1,869,638$0$25,504,526
83$46,501,232$1,837,693$0$27,992,246
84$51,116,909$1,800,292$0$30,731,039
85$56,199,370$1,757,043$0$33,746,477
86$61,796,101$1,707,533$0$37,066,736
87$67,959,428$1,651,327$0$40,722,873
88$74,747,007$1,587,960$0$44,749,108
89$82,222,375$1,516,943$0$49,183,159
90$90,455,543$1,437,758$0$54,066,587
91$99,523,657$1,349,858$0$59,445,199
92$109,511,732$1,252,662$0$65,369,471
93$120,513,444$1,145,558$0$71,895,035
94$132,632,025$1,027,900$0$79,083,197
95$145,981,226$899,001$0$87,001,518
96$160,686,398$758,140$0$95,724,454
97$176,885,674$604,552$0$105,334,060
98$194,731,267$437,429$0$115,920,761
99$214,390,913$255,920$0$127,584,212
100$236,049,451$59,125$0$140,434,234