Can I retire at age 42 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$100,746$99,849$98,974$98,119$97,285$96,510
2 years$49,874$48,946$48,045$47,173$46,326$45,545
3 years$32,919$31,987$31,089$30,224$29,391$28,628
4 years$24,443$23,513$22,625$21,775$20,962$20,223
5 years$19,359$18,435$17,558$16,725$15,935$15,222
6 years$15,971$15,053$14,189$13,375$12,609$11,923
7 years$13,552$12,642$11,791$10,996$10,254$9,595
8 years$11,738$10,836$10,000$9,225$8,507$7,875
9 years$10,328$9,435$8,613$7,857$7,164$6,559
10 years$9,201$8,317$7,509$6,773$6,104$5,526
11 years$8,279$7,404$6,611$5,895$5,250$4,698
12 years$7,512$6,645$5,867$5,170$4,549$4,023
13 years$6,863$6,005$5,242$4,565$3,967$3,466
14 years$6,307$5,459$4,710$4,052$3,478$3,001
15 years$5,826$4,987$4,252$3,614$3,062$2,610
16 years$5,405$4,575$3,855$3,236$2,706$2,277
17 years$5,034$4,213$3,508$2,907$2,399$1,993
18 years$4,705$3,893$3,202$2,620$2,133$1,749
19 years$4,411$3,608$2,932$2,367$1,902$1,538
20 years$4,146$3,353$2,691$2,144$1,699$1,355
21 years$3,907$3,123$2,475$1,946$1,520$1,196
22 years$3,690$2,915$2,281$1,769$1,362$1,057
23 years$3,493$2,727$2,106$1,611$1,223$935
24 years$3,312$2,555$1,948$1,470$1,099$829
25 years$3,145$2,398$1,804$1,342$989$735
26 years$2,992$2,253$1,673$1,227$891$652
27 years$2,850$2,121$1,554$1,123$803$580
28 years$2,719$1,998$1,444$1,029$725$515
29 years$2,597$1,885$1,344$944$655$458
30 years$2,483$1,780$1,252$866$591$408
31 years$2,377$1,683$1,167$795$535$363
32 years$2,278$1,592$1,089$731$484$323
33 years$2,185$1,508$1,017$672$438$288
34 years$2,097$1,429$950$619$396$257
35 years$2,015$1,356$888$569$359$229
36 years$1,938$1,287$831$524$325$204
37 years$1,864$1,222$778$483$295$182
38 years$1,795$1,161$728$445$267$162
39 years$1,730$1,104$682$411$242$145
40 years$1,668$1,051$640$379$220$129
41 years$1,609$1,000$600$349$199$115
42 years$1,553$953$563$323$181$103
43 years$1,500$908$528$298$164$92
44 years$1,450$865$495$275$149$82
45 years$1,401$825$465$254$135$73
46 years$1,355$787$437$234$123$66
47 years$1,312$751$411$217$112$59
48 years$1,270$717$386$200$101$52
49 years$1,230$685$363$185$92$47
50 years$1,191$654$341$171$84$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,220,000, adding $3,028 every year, while hoping to spend $47,058 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: 32/46/22 Blend
41$1,220,000$1,220,000$1,220,000$1,220,000
42$1,347,563$1,282,903$1,263,993$1,381,456
43$1,434,945$1,295,696$1,256,268$1,420,014
44$1,529,663$1,307,539$1,246,706$1,457,054
45$1,632,416$1,318,335$1,235,198$1,495,983
46$1,743,971$1,327,982$1,221,625$1,536,996
47$1,865,173$1,336,370$1,205,867$1,580,310
48$1,996,953$1,343,385$1,187,796$1,626,168
49$2,140,332$1,348,901$1,167,277$1,674,841
50$2,296,437$1,352,787$1,144,171$1,726,631
51$2,466,504$1,354,905$1,118,332$1,781,873
52$2,651,897$1,355,105$1,089,606$1,840,941
53$2,854,115$1,353,230$1,057,832$1,904,252
54$3,074,809$1,349,112$1,022,843$1,972,270
55$3,315,795$1,342,574$984,464$2,045,509
56$3,579,073$1,333,427$942,511$2,124,542
57$3,866,845$1,321,472$896,792$2,210,006
58$4,181,536$1,306,496$847,107$2,302,607
59$4,525,813$1,288,275$793,245$2,403,131
60$4,902,616$1,266,570$734,989$2,512,450
61$5,315,181$1,241,130$672,109$2,631,531
62$5,767,071$1,211,687$604,367$2,761,448
63$6,262,211$1,177,959$531,511$2,903,391
64$6,804,922$1,139,644$453,283$3,058,682
65$7,399,965$1,096,428$369,408$3,228,782
66$8,052,582$1,047,973$279,604$3,415,316
67$8,768,547$993,926$183,573$3,620,081
68$9,554,220$933,910$81,004$3,845,067
69$10,416,608$867,528$0$4,092,481
70$11,363,426$794,362$0$4,371,444
71$12,403,177$713,966$0$4,698,707
72$13,545,223$625,873$0$5,058,310
73$14,799,881$529,586$0$5,453,652
74$16,178,515$424,582$0$5,888,485
75$17,693,645$310,307$0$6,366,959
76$19,359,062$186,178$0$6,893,653
77$21,189,964$51,578$0$7,473,629
78$23,203,090$0$0$8,112,475
79$25,416,885$0$0$8,864,016
80$27,851,671$0$0$9,719,501
81$30,529,835$0$0$10,660,712
82$33,476,048$0$0$11,696,346
83$36,717,487$0$0$12,835,985
84$40,284,100$0$0$14,090,185
85$44,208,882$0$0$15,470,579
86$48,528,190$0$0$16,989,984
87$53,282,083$0$0$18,662,522
88$58,514,699$0$0$20,503,756
89$64,274,674$0$0$22,530,831
90$70,615,598$0$0$24,762,642
91$77,596,521$0$0$27,220,008
92$85,282,509$0$0$29,925,871
93$93,745,259$0$0$32,905,508
94$103,063,773$0$0$36,186,775
95$113,325,105$0$0$39,800,366
96$124,625,182$0$0$43,780,103
97$137,069,705$0$0$48,163,257
98$150,775,151$0$0$52,990,895
99$165,869,869$0$0$58,308,276
100$182,495,291$0$0$64,165,266