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%17%
1 years$99,921$99,031$98,162$97,315$96,487$93,737
2 years$49,466$48,544$47,652$46,786$45,946$43,197
3 years$32,650$31,724$30,834$29,976$29,150$26,488
4 years$24,243$23,321$22,439$21,596$20,790$18,235
5 years$19,201$18,284$17,414$16,588$15,804$13,363
6 years$15,840$14,930$14,073$13,265$12,505$10,181
7 years$13,441$12,538$11,695$10,906$10,170$7,963
8 years$11,642$10,748$9,918$9,149$8,437$6,345
9 years$10,243$9,358$8,542$7,793$7,105$5,127
10 years$9,125$8,248$7,447$6,718$6,054$4,186
11 years$8,211$7,343$6,557$5,846$5,207$3,446
12 years$7,450$6,591$5,819$5,128$4,512$2,856
13 years$6,806$5,956$5,199$4,527$3,935$2,379
14 years$6,255$5,414$4,671$4,019$3,449$1,990
15 years$5,778$4,946$4,217$3,584$3,037$1,671
16 years$5,361$4,538$3,824$3,209$2,684$1,406
17 years$4,993$4,179$3,479$2,883$2,380$1,187
18 years$4,667$3,862$3,176$2,599$2,116$1,004
19 years$4,375$3,579$2,908$2,348$1,886$850
20 years$4,112$3,326$2,668$2,127$1,685$721
21 years$3,875$3,098$2,455$1,930$1,508$612
22 years$3,660$2,892$2,262$1,755$1,351$520
23 years$3,464$2,704$2,089$1,598$1,213$443
24 years$3,285$2,534$1,932$1,458$1,090$377
25 years$3,120$2,378$1,789$1,331$981$321
26 years$2,968$2,235$1,659$1,217$884$273
27 years$2,827$2,103$1,541$1,114$797$233
28 years$2,697$1,982$1,432$1,021$719$199
29 years$2,576$1,870$1,333$936$649$170
30 years$2,463$1,766$1,242$859$587$145
31 years$2,358$1,669$1,158$789$530$124
32 years$2,259$1,579$1,080$725$480$106
33 years$2,167$1,496$1,008$667$434$90
34 years$2,080$1,418$942$613$393$77
35 years$1,999$1,345$881$565$356$66
36 years$1,922$1,276$824$520$323$56
37 years$1,849$1,212$771$479$292$48
38 years$1,781$1,152$722$442$265$41
39 years$1,716$1,095$677$407$240$35
40 years$1,654$1,042$634$376$218$30
41 years$1,596$992$595$347$198$26
42 years$1,541$945$558$320$179$22
43 years$1,488$900$524$295$163$19
44 years$1,438$858$491$273$148$16
45 years$1,390$818$461$252$134$14
46 years$1,344$781$433$233$122$12
47 years$1,301$745$407$215$111$10
48 years$1,259$711$383$199$100$9
49 years$1,219$679$360$183$91$7
50 years$1,181$649$338$170$83$6

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 $5,782 every year, while hoping to spend $25,982 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: 26/46/28 Blend
41$1,210,000$1,210,000$1,210,000$1,210,000
42$1,339,384$1,275,254$1,256,499$1,362,379
43$1,448,357$1,310,097$1,270,947$1,416,560
44$1,567,574$1,345,776$1,285,008$1,472,054
45$1,698,052$1,382,306$1,298,643$1,531,064
46$1,840,914$1,419,698$1,311,807$1,593,904
47$1,997,391$1,457,968$1,324,456$1,660,920
48$2,168,843$1,497,126$1,336,544$1,732,496
49$2,356,766$1,537,187$1,348,020$1,809,051
50$2,562,809$1,578,161$1,358,831$1,891,048
51$2,788,786$1,620,062$1,368,922$1,978,997
52$3,036,696$1,662,899$1,378,235$2,073,459
53$3,308,743$1,706,685$1,386,710$2,175,054
54$3,607,350$1,751,428$1,394,280$2,284,461
55$3,935,191$1,797,139$1,400,880$2,402,433
56$4,295,208$1,843,826$1,406,437$2,529,796
57$4,690,644$1,891,498$1,410,877$2,667,460
58$5,125,070$1,940,162$1,414,121$2,816,431
59$5,602,420$1,989,823$1,416,088$2,977,816
60$6,127,030$2,040,488$1,416,690$3,152,832
61$6,703,675$2,092,159$1,415,836$3,342,826
62$7,337,616$2,144,841$1,413,433$3,549,277
63$8,034,649$2,198,534$1,409,379$3,773,818
64$8,801,160$2,253,239$1,403,570$4,018,250
65$9,644,185$2,308,955$1,395,896$4,284,556
66$10,571,475$2,365,677$1,386,243$4,574,921
67$11,591,572$2,423,402$1,374,489$4,891,756
68$12,713,887$2,482,123$1,360,508$5,237,718
69$13,948,786$2,541,830$1,344,168$5,615,734
70$15,307,694$2,602,512$1,325,330$6,029,033
71$16,803,200$2,664,155$1,303,849$6,481,172
72$18,449,172$2,726,744$1,279,573$6,976,074
73$20,260,892$2,790,260$1,252,344$7,518,062
74$22,255,200$2,854,679$1,221,994$8,111,903
75$24,450,649$2,919,978$1,188,350$8,762,850
76$26,867,686$2,986,127$1,151,230$9,476,694
77$29,528,836$3,053,094$1,110,443$10,259,819
78$32,458,925$3,120,843$1,065,790$11,119,264
79$35,685,304$3,189,333$1,017,062$12,062,785
80$39,238,114$3,258,519$964,043$13,098,934
81$43,150,567$3,328,352$906,504$14,237,138
82$47,459,261$3,398,777$844,208$15,487,786
83$52,204,523$3,469,735$776,906$16,862,333
84$57,430,790$3,541,158$704,339$18,373,404
85$63,187,032$3,612,975$626,235$20,034,916
86$69,527,206$3,685,108$542,310$21,862,211
87$76,510,773$3,757,471$452,270$23,872,198
88$84,203,256$3,829,971$355,805$26,083,517
89$92,676,856$3,902,507$252,593$28,516,712
90$102,011,137$3,974,971$142,296$31,194,432
91$112,293,774$4,047,246$24,564$34,141,637
92$123,621,380$4,119,202$0$37,385,843
93$136,100,423$4,190,705$0$40,987,575
94$149,848,222$4,261,605$0$44,959,859
95$164,994,061$4,331,745$0$49,332,312
96$181,680,408$4,400,953$0$54,145,671
97$200,064,256$4,469,046$0$59,444,828
98$220,318,608$4,535,828$0$65,279,257
99$242,634,111$4,601,087$0$71,703,478
100$267,220,849$4,664,600$0$78,777,575