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%15.8%
1 years$100,746$99,849$98,974$98,119$97,285$94,971
2 years$49,874$48,946$48,045$47,173$46,326$44,009
3 years$32,919$31,987$31,089$30,224$29,391$27,143
4 years$24,443$23,513$22,625$21,775$20,962$18,799
5 years$19,359$18,435$17,558$16,725$15,935$13,864
6 years$15,971$15,053$14,189$13,375$12,609$10,632
7 years$13,552$12,642$11,791$10,996$10,254$8,372
8 years$11,738$10,836$10,000$9,225$8,507$6,718
9 years$10,328$9,435$8,613$7,857$7,164$5,468
10 years$9,201$8,317$7,509$6,773$6,104$4,498
11 years$8,279$7,404$6,611$5,895$5,250$3,732
12 years$7,512$6,645$5,867$5,170$4,549$3,117
13 years$6,863$6,005$5,242$4,565$3,967$2,617
14 years$6,307$5,459$4,710$4,052$3,478$2,208
15 years$5,826$4,987$4,252$3,614$3,062$1,869
16 years$5,405$4,575$3,855$3,236$2,706$1,587
17 years$5,034$4,213$3,508$2,907$2,399$1,351
18 years$4,705$3,893$3,202$2,620$2,133$1,152
19 years$4,411$3,608$2,932$2,367$1,902$985
20 years$4,146$3,353$2,691$2,144$1,699$843
21 years$3,907$3,123$2,475$1,946$1,520$722
22 years$3,690$2,915$2,281$1,769$1,362$620
23 years$3,493$2,727$2,106$1,611$1,223$532
24 years$3,312$2,555$1,948$1,470$1,099$457
25 years$3,145$2,398$1,804$1,342$989$393
26 years$2,992$2,253$1,673$1,227$891$338
27 years$2,850$2,121$1,554$1,123$803$291
28 years$2,719$1,998$1,444$1,029$725$251
29 years$2,597$1,885$1,344$944$655$216
30 years$2,483$1,780$1,252$866$591$186
31 years$2,377$1,683$1,167$795$535$161
32 years$2,278$1,592$1,089$731$484$139
33 years$2,185$1,508$1,017$672$438$119
34 years$2,097$1,429$950$619$396$103
35 years$2,015$1,356$888$569$359$89
36 years$1,938$1,287$831$524$325$77
37 years$1,864$1,222$778$483$295$66
38 years$1,795$1,161$728$445$267$57
39 years$1,730$1,104$682$411$242$49
40 years$1,668$1,051$640$379$220$43
41 years$1,609$1,000$600$349$199$37
42 years$1,553$953$563$323$181$32
43 years$1,500$908$528$298$164$27
44 years$1,450$865$495$275$149$24
45 years$1,401$825$465$254$135$20
46 years$1,355$787$437$234$123$18
47 years$1,312$751$411$217$112$15
48 years$1,270$717$386$200$101$13
49 years$1,230$685$363$185$92$11
50 years$1,191$654$341$171$84$10

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 $5,629 every year, while hoping to spend $58,126 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: 53/25/22 Blend
41$1,220,000$1,220,000$1,220,000$1,220,000
42$1,350,246$1,285,586$1,266,676$1,413,346
43$1,426,126$1,286,734$1,247,264$1,458,536
44$1,507,797$1,285,991$1,225,254$1,501,181
45$1,595,789$1,283,201$1,200,497$1,546,361
46$1,690,683$1,278,202$1,172,837$1,594,338
47$1,793,119$1,270,819$1,142,113$1,645,402
48$1,903,797$1,260,870$1,108,154$1,699,877
49$2,023,490$1,248,158$1,070,783$1,758,122
50$2,153,045$1,232,477$1,029,813$1,820,535
51$2,293,394$1,213,607$985,050$1,887,559
52$2,445,562$1,191,315$936,291$1,959,686
53$2,610,676$1,165,356$883,323$2,037,461
54$2,789,974$1,135,468$825,924$2,121,489
55$2,984,821$1,101,375$763,862$2,212,441
56$3,196,716$1,062,786$696,895$2,311,062
57$3,427,309$1,019,390$624,768$2,418,177
58$3,678,414$970,860$547,218$2,534,700
59$3,952,031$916,850$463,968$2,661,644
60$4,250,356$856,994$374,729$2,800,132
61$4,575,810$790,905$279,200$2,951,408
62$4,931,056$718,172$177,066$3,116,847
63$5,319,024$638,363$67,999$3,297,974
64$5,742,944$551,022$0$3,496,477
65$6,206,366$455,664$0$3,725,583
66$6,713,203$351,779$0$3,993,770
67$7,267,762$238,829$0$4,287,433
68$7,874,785$116,243$0$4,609,193
69$8,539,494$0$0$4,961,940
70$9,267,640$0$0$5,353,427
71$10,065,556$0$0$5,817,586
72$10,940,218$0$0$6,326,510
73$11,899,305$0$0$6,884,683
74$12,951,281$0$0$7,497,045
75$14,105,462$0$0$8,169,037
76$15,372,114$0$0$8,906,652
77$16,762,543$0$0$9,716,491
78$18,289,204$0$0$10,605,826
79$19,965,817$0$0$11,582,669
80$21,807,493$0$0$12,655,844
81$23,830,884$0$0$13,835,073
82$26,054,329$0$0$15,131,065
83$28,498,036$0$0$16,555,620
84$31,184,265$0$0$18,121,738
85$34,137,542$0$0$19,843,739
86$37,384,886$0$0$21,737,401
87$40,956,066$0$0$23,820,110
88$44,883,882$0$0$26,111,018
89$49,204,468$0$0$28,631,229
90$53,957,642$0$0$31,403,992
91$59,187,270$0$0$34,454,928
92$64,941,687$0$0$37,812,262
93$71,274,151$0$0$41,507,097
94$78,243,341$0$0$45,573,702
95$85,913,913$0$0$50,049,836
96$94,357,112$0$0$54,977,105
97$103,651,436$0$0$60,401,355
98$113,883,382$0$0$66,373,101
99$125,148,262$0$0$72,948,005
100$137,551,096$0$0$80,187,403