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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$100,746$99,849$98,974$98,119$97,285$96,793
2 years$49,874$48,946$48,045$47,173$46,326$45,830
3 years$32,919$31,987$31,089$30,224$29,391$28,906
4 years$24,443$23,513$22,625$21,775$20,962$20,491
5 years$19,359$18,435$17,558$16,725$15,935$15,480
6 years$15,971$15,053$14,189$13,375$12,609$12,171
7 years$13,552$12,642$11,791$10,996$10,254$9,833
8 years$11,738$10,836$10,000$9,225$8,507$8,102
9 years$10,328$9,435$8,613$7,857$7,164$6,776
10 years$9,201$8,317$7,509$6,773$6,104$5,733
11 years$8,279$7,404$6,611$5,895$5,250$4,895
12 years$7,512$6,645$5,867$5,170$4,549$4,210
13 years$6,863$6,005$5,242$4,565$3,967$3,644
14 years$6,307$5,459$4,710$4,052$3,478$3,169
15 years$5,826$4,987$4,252$3,614$3,062$2,769
16 years$5,405$4,575$3,855$3,236$2,706$2,427
17 years$5,034$4,213$3,508$2,907$2,399$2,135
18 years$4,705$3,893$3,202$2,620$2,133$1,882
19 years$4,411$3,608$2,932$2,367$1,902$1,664
20 years$4,146$3,353$2,691$2,144$1,699$1,473
21 years$3,907$3,123$2,475$1,946$1,520$1,307
22 years$3,690$2,915$2,281$1,769$1,362$1,161
23 years$3,493$2,727$2,106$1,611$1,223$1,033
24 years$3,312$2,555$1,948$1,470$1,099$920
25 years$3,145$2,398$1,804$1,342$989$821
26 years$2,992$2,253$1,673$1,227$891$732
27 years$2,850$2,121$1,554$1,123$803$654
28 years$2,719$1,998$1,444$1,029$725$585
29 years$2,597$1,885$1,344$944$655$523
30 years$2,483$1,780$1,252$866$591$468
31 years$2,377$1,683$1,167$795$535$419
32 years$2,278$1,592$1,089$731$484$375
33 years$2,185$1,508$1,017$672$438$336
34 years$2,097$1,429$950$619$396$302
35 years$2,015$1,356$888$569$359$270
36 years$1,938$1,287$831$524$325$243
37 years$1,864$1,222$778$483$295$218
38 years$1,795$1,161$728$445$267$195
39 years$1,730$1,104$682$411$242$175
40 years$1,668$1,051$640$379$220$157
41 years$1,609$1,000$600$349$199$141
42 years$1,553$953$563$323$181$127
43 years$1,500$908$528$298$164$114
44 years$1,450$865$495$275$149$102
45 years$1,401$825$465$254$135$92
46 years$1,355$787$437$234$123$83
47 years$1,312$751$411$217$112$74
48 years$1,270$717$386$200$101$67
49 years$1,230$685$363$185$92$60
50 years$1,191$654$341$171$84$54

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 $6,805 every year, while hoping to spend $42,859 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: 61/25/14 Blend
41$1,220,000$1,220,000$1,220,000$1,220,000
42$1,351,459$1,286,799$1,267,889$1,428,836
43$1,443,707$1,304,251$1,264,762$1,499,136
44$1,543,927$1,321,121$1,260,093$1,570,369
45$1,652,887$1,337,336$1,253,787$1,647,072
46$1,771,434$1,352,818$1,245,740$1,729,777
47$1,900,495$1,367,481$1,235,848$1,819,074
48$2,041,095$1,381,237$1,223,998$1,915,610
49$2,194,358$1,393,989$1,210,074$2,020,099
50$2,361,524$1,405,636$1,193,953$2,133,330
51$2,543,956$1,416,069$1,175,507$2,256,173
52$2,743,156$1,425,172$1,154,602$2,389,587
53$2,960,774$1,432,822$1,131,098$2,534,630
54$3,198,632$1,438,889$1,104,848$2,692,471
55$3,458,730$1,443,232$1,075,698$2,864,395
56$3,743,273$1,445,704$1,043,487$3,051,824
57$4,054,691$1,446,147$1,008,048$3,256,323
58$4,395,656$1,444,394$969,204$3,479,622
59$4,769,112$1,440,268$926,771$3,723,626
60$5,178,300$1,433,581$880,557$3,990,438
61$5,626,793$1,424,132$830,362$4,282,375
62$6,118,521$1,411,710$775,974$4,601,996
63$6,657,816$1,396,090$717,176$4,952,122
64$7,249,449$1,377,033$653,736$5,335,864
65$7,898,672$1,354,288$585,416$5,756,653
66$8,611,275$1,327,586$511,965$6,218,273
67$9,393,631$1,296,644$433,123$6,724,899
68$10,252,764$1,261,162$348,615$7,281,132
69$11,196,410$1,220,823$258,157$7,892,049
70$12,233,090$1,175,289$161,452$8,563,247
71$13,372,193$1,124,206$58,188$9,300,900
72$14,624,061$1,067,197$0$10,111,814
73$16,000,088$1,003,863$0$11,011,265
74$17,512,829$933,783$0$12,009,543
75$19,176,111$856,513$0$13,107,124
76$21,005,174$771,581$0$14,314,129
77$23,016,803$678,490$0$15,641,712
78$25,229,495$576,715$0$17,102,167
79$27,663,629$465,699$0$18,709,047
80$30,341,657$344,856$0$20,477,293
81$33,288,319$213,566$0$22,423,371
82$36,530,872$71,176$0$24,565,432
83$40,099,350$0$0$26,923,485
84$44,026,847$0$0$29,542,418
85$48,349,826$0$0$32,446,732
86$53,108,464$0$0$35,643,851
87$58,347,032$0$0$39,163,534
88$64,114,311$0$0$43,038,572
89$70,464,053$0$0$47,305,095
90$77,455,487$0$0$52,002,915
91$85,153,875$0$0$57,175,903
92$93,631,134$0$0$62,872,400
93$102,966,508$0$0$69,145,673
94$113,247,318$0$0$76,054,419
95$124,569,784$0$0$83,663,317
96$137,039,936$0$0$92,043,641
97$150,774,610$0$0$101,273,927
98$165,902,554$0$0$111,440,720
99$182,565,640$0$0$122,639,388
100$200,920,203$0$0$134,975,018