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%12.7%
1 years$100,746$99,849$98,974$98,119$97,285$96,189
2 years$49,874$48,946$48,045$47,173$46,326$45,223
3 years$32,919$31,987$31,089$30,224$29,391$28,315
4 years$24,443$23,513$22,625$21,775$20,962$19,921
5 years$19,359$18,435$17,558$16,725$15,935$14,932
6 years$15,971$15,053$14,189$13,375$12,609$11,645
7 years$13,552$12,642$11,791$10,996$10,254$9,331
8 years$11,738$10,836$10,000$9,225$8,507$7,623
9 years$10,328$9,435$8,613$7,857$7,164$6,320
10 years$9,201$8,317$7,509$6,773$6,104$5,299
11 years$8,279$7,404$6,611$5,895$5,250$4,482
12 years$7,512$6,645$5,867$5,170$4,549$3,819
13 years$6,863$6,005$5,242$4,565$3,967$3,274
14 years$6,307$5,459$4,710$4,052$3,478$2,820
15 years$5,826$4,987$4,252$3,614$3,062$2,438
16 years$5,405$4,575$3,855$3,236$2,706$2,116
17 years$5,034$4,213$3,508$2,907$2,399$1,842
18 years$4,705$3,893$3,202$2,620$2,133$1,607
19 years$4,411$3,608$2,932$2,367$1,902$1,405
20 years$4,146$3,353$2,691$2,144$1,699$1,231
21 years$3,907$3,123$2,475$1,946$1,520$1,080
22 years$3,690$2,915$2,281$1,769$1,362$949
23 years$3,493$2,727$2,106$1,611$1,223$834
24 years$3,312$2,555$1,948$1,470$1,099$735
25 years$3,145$2,398$1,804$1,342$989$648
26 years$2,992$2,253$1,673$1,227$891$571
27 years$2,850$2,121$1,554$1,123$803$504
28 years$2,719$1,998$1,444$1,029$725$445
29 years$2,597$1,885$1,344$944$655$393
30 years$2,483$1,780$1,252$866$591$348
31 years$2,377$1,683$1,167$795$535$308
32 years$2,278$1,592$1,089$731$484$272
33 years$2,185$1,508$1,017$672$438$241
34 years$2,097$1,429$950$619$396$213
35 years$2,015$1,356$888$569$359$189
36 years$1,938$1,287$831$524$325$167
37 years$1,864$1,222$778$483$295$148
38 years$1,795$1,161$728$445$267$131
39 years$1,730$1,104$682$411$242$116
40 years$1,668$1,051$640$379$220$103
41 years$1,609$1,000$600$349$199$91
42 years$1,553$953$563$323$181$81
43 years$1,500$908$528$298$164$72
44 years$1,450$865$495$275$149$64
45 years$1,401$825$465$254$135$57
46 years$1,355$787$437$234$123$50
47 years$1,312$751$411$217$112$44
48 years$1,270$717$386$200$101$39
49 years$1,230$685$363$185$92$35
50 years$1,191$654$341$171$84$31

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 $6,362 every year, while hoping to spend $41,792 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: 46/37/17 Blend
41$1,220,000$1,220,000$1,220,000$1,220,000
42$1,351,002$1,286,342$1,267,432$1,406,335
43$1,444,338$1,304,907$1,265,425$1,464,112
44$1,545,794$1,322,980$1,261,950$1,522,045
45$1,656,153$1,340,494$1,256,913$1,584,004
46$1,776,278$1,357,376$1,250,218$1,650,379
47$1,907,119$1,373,548$1,241,760$1,721,605
48$2,049,720$1,388,927$1,231,434$1,798,159
49$2,205,231$1,403,424$1,219,126$1,880,570
50$2,374,916$1,416,944$1,204,719$1,969,423
51$2,560,170$1,429,385$1,188,089$2,065,362
52$2,762,523$1,440,642$1,169,107$2,169,100
53$2,983,666$1,450,598$1,147,637$2,281,424
54$3,225,455$1,459,133$1,123,537$2,403,205
55$3,489,936$1,466,115$1,096,661$2,535,403
56$3,779,362$1,471,407$1,066,851$2,679,080
57$4,096,213$1,474,862$1,033,947$2,835,406
58$4,443,221$1,476,324$997,778$3,005,677
59$4,823,393$1,475,628$958,167$3,191,322
60$5,240,042$1,472,597$914,929$3,393,919
61$5,696,816$1,467,044$867,869$3,615,211
62$6,197,733$1,458,771$816,785$3,857,123
63$6,747,219$1,447,568$761,464$4,121,779
64$7,350,148$1,433,211$701,685$4,411,525
65$8,011,888$1,415,464$637,218$4,728,950
66$8,738,356$1,394,077$567,819$5,076,913
67$9,536,064$1,368,783$493,237$5,458,569
68$10,412,191$1,339,301$413,209$5,877,400
69$11,374,641$1,305,333$327,458$6,337,250
70$12,432,123$1,266,563$235,696$6,842,361
71$13,594,233$1,222,658$137,625$7,397,415
72$14,871,540$1,173,263$32,931$8,007,578
73$16,275,689$1,118,005$0$8,678,550
74$17,819,509$1,056,488$0$9,430,915
75$19,517,136$988,293$0$10,264,623
76$21,384,143$912,978$0$11,181,417
77$23,437,686$830,074$0$12,189,812
78$25,696,669$739,087$0$13,299,200
79$28,181,922$639,495$0$14,519,934
80$30,916,392$530,745$0$15,863,434
81$33,925,366$412,253$0$17,342,289
82$37,236,704$283,404$0$18,970,385
83$40,881,103$143,545$0$20,763,027
84$44,892,387$0$0$22,737,097
85$49,307,827$0$0$24,914,464
86$54,168,489$0$0$27,375,890
87$59,519,623$0$0$30,085,866
88$65,411,091$0$0$33,069,665
89$71,897,833$0$0$36,355,136
90$79,040,389$0$0$39,972,964
91$86,905,468$0$0$43,956,963
92$95,566,579$0$0$48,344,393
93$105,104,721$0$0$53,176,311
94$115,609,149$0$0$58,497,960
95$127,178,217$0$0$64,359,193
96$139,920,304$0$0$70,814,947
97$153,954,835$0$0$77,925,758
98$169,413,412$0$0$85,758,333
99$186,441,053$0$0$94,386,182
100$205,197,558$0$0$103,890,308