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%13.7%
1 years$100,746$99,849$98,974$98,119$97,285$95,791
2 years$49,874$48,946$48,045$47,173$46,326$44,825
3 years$32,919$31,987$31,089$30,224$29,391$27,929
4 years$24,443$23,513$22,625$21,775$20,962$19,551
5 years$19,359$18,435$17,558$16,725$15,935$14,578
6 years$15,971$15,053$14,189$13,375$12,609$11,308
7 years$13,552$12,642$11,791$10,996$10,254$9,010
8 years$11,738$10,836$10,000$9,225$8,507$7,319
9 years$10,328$9,435$8,613$7,857$7,164$6,032
10 years$9,201$8,317$7,509$6,773$6,104$5,027
11 years$8,279$7,404$6,611$5,895$5,250$4,226
12 years$7,512$6,645$5,867$5,170$4,549$3,578
13 years$6,863$6,005$5,242$4,565$3,967$3,047
14 years$6,307$5,459$4,710$4,052$3,478$2,607
15 years$5,826$4,987$4,252$3,614$3,062$2,239
16 years$5,405$4,575$3,855$3,236$2,706$1,930
17 years$5,034$4,213$3,508$2,907$2,399$1,668
18 years$4,705$3,893$3,202$2,620$2,133$1,444
19 years$4,411$3,608$2,932$2,367$1,902$1,254
20 years$4,146$3,353$2,691$2,144$1,699$1,090
21 years$3,907$3,123$2,475$1,946$1,520$949
22 years$3,690$2,915$2,281$1,769$1,362$828
23 years$3,493$2,727$2,106$1,611$1,223$722
24 years$3,312$2,555$1,948$1,470$1,099$631
25 years$3,145$2,398$1,804$1,342$989$552
26 years$2,992$2,253$1,673$1,227$891$483
27 years$2,850$2,121$1,554$1,123$803$423
28 years$2,719$1,998$1,444$1,029$725$371
29 years$2,597$1,885$1,344$944$655$325
30 years$2,483$1,780$1,252$866$591$285
31 years$2,377$1,683$1,167$795$535$250
32 years$2,278$1,592$1,089$731$484$219
33 years$2,185$1,508$1,017$672$438$192
34 years$2,097$1,429$950$619$396$169
35 years$2,015$1,356$888$569$359$148
36 years$1,938$1,287$831$524$325$130
37 years$1,864$1,222$778$483$295$114
38 years$1,795$1,161$728$445$267$101
39 years$1,730$1,104$682$411$242$88
40 years$1,668$1,051$640$379$220$78
41 years$1,609$1,000$600$349$199$68
42 years$1,553$953$563$323$181$60
43 years$1,500$908$528$298$164$53
44 years$1,450$865$495$275$149$46
45 years$1,401$825$465$254$135$41
46 years$1,355$787$437$234$123$36
47 years$1,312$751$411$217$112$32
48 years$1,270$717$386$200$101$28
49 years$1,230$685$363$185$92$24
50 years$1,191$654$341$171$84$21

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 $4,176 every year, while hoping to spend $25,602 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: 53/17/30 Blend
41$1,220,000$1,220,000$1,220,000$1,220,000
42$1,348,748$1,284,088$1,265,178$1,408,697
43$1,459,079$1,319,768$1,280,321$1,486,481
44$1,579,807$1,356,338$1,295,113$1,568,163
45$1,711,964$1,393,815$1,309,516$1,656,564
46$1,856,688$1,432,215$1,323,488$1,752,337
47$2,015,232$1,471,556$1,336,987$1,856,205
48$2,188,976$1,511,852$1,349,966$1,968,963
49$2,379,440$1,553,121$1,362,378$2,091,486
50$2,588,297$1,595,379$1,374,173$2,224,739
51$2,817,392$1,638,641$1,385,296$2,369,785
52$3,068,755$1,682,924$1,395,693$2,527,796
53$3,344,623$1,728,242$1,405,303$2,700,063
54$3,647,459$1,774,610$1,414,065$2,888,008
55$3,979,978$1,822,043$1,421,914$3,093,198
56$4,345,168$1,870,556$1,428,781$3,317,362
57$4,746,324$1,920,162$1,434,594$3,562,402
58$5,187,073$1,970,874$1,439,276$3,830,417
59$5,671,411$2,022,704$1,442,750$4,123,719
60$6,203,744$2,075,665$1,444,930$4,444,855
61$6,788,920$2,129,767$1,445,729$4,796,635
62$7,432,284$2,185,020$1,445,056$5,182,151
63$8,139,725$2,241,434$1,442,813$5,604,816
64$8,917,730$2,299,017$1,438,900$6,068,389
65$9,773,445$2,357,775$1,433,210$6,577,011
66$10,714,745$2,417,715$1,425,631$7,135,249
67$11,750,307$2,478,841$1,416,048$7,748,135
68$12,889,690$2,541,156$1,404,337$8,421,216
69$14,143,426$2,604,661$1,390,371$9,160,603
70$15,523,122$2,669,356$1,374,015$9,973,033
71$17,041,565$2,735,238$1,355,128$10,865,932
72$18,712,844$2,802,304$1,333,564$11,847,481
73$20,552,484$2,870,547$1,309,169$12,926,700
74$22,577,592$2,939,958$1,281,780$14,113,528
75$24,807,016$3,010,526$1,251,230$15,418,921
76$27,261,527$3,082,237$1,217,341$16,854,951
77$29,964,010$3,155,074$1,179,929$18,434,926
78$32,939,683$3,229,017$1,138,801$20,173,510
79$36,216,335$3,304,042$1,093,755$22,086,868
80$39,824,584$3,380,123$1,044,578$24,192,812
81$43,798,171$3,457,229$991,051$26,510,975
82$48,174,276$3,535,324$932,943$29,062,995
83$52,993,867$3,614,370$870,011$31,872,718
84$58,302,089$3,694,323$802,005$34,966,426
85$64,148,690$3,775,132$728,660$38,373,084
86$70,588,488$3,856,745$649,701$42,124,614
87$77,681,889$3,939,101$564,842$46,256,197
88$85,495,458$4,022,133$473,780$50,806,607
89$94,102,547$4,105,769$376,204$55,818,575
90$103,583,985$4,189,930$271,785$61,339,196
91$114,028,843$4,274,529$160,182$67,420,371
92$125,535,275$4,359,471$41,038$74,119,301
93$138,211,441$4,444,653$0$81,499,022
94$152,176,530$4,529,963$0$89,656,574
95$167,561,885$4,615,280$0$98,656,768
96$184,512,242$4,700,474$0$108,570,963
97$203,187,095$4,785,401$0$119,492,288
98$223,762,204$4,869,911$0$131,523,368
99$246,431,249$4,953,837$0$144,777,295
100$271,407,664$5,037,002$0$159,378,692