Can I retire at age 42 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$101,572$100,667$99,785$98,923$98,082$96,417
2 years$50,283$49,347$48,439$47,559$46,706$45,034
3 years$33,189$32,249$31,343$30,472$29,632$28,005
4 years$24,644$23,706$22,810$21,953$21,134$19,564
5 years$19,518$18,586$17,701$16,862$16,066$14,557
6 years$16,102$15,177$14,305$13,485$12,712$11,268
7 years$13,663$12,745$11,888$11,087$10,338$8,958
8 years$11,834$10,925$10,082$9,300$8,577$7,260
9 years$10,413$9,512$8,683$7,922$7,223$5,969
10 years$9,276$8,385$7,570$6,829$6,154$4,962
11 years$8,347$7,464$6,665$5,943$5,293$4,161
12 years$7,573$6,700$5,915$5,213$4,587$3,514
13 years$6,919$6,055$5,285$4,602$4,000$2,984
14 years$6,359$5,503$4,748$4,085$3,506$2,546
15 years$5,873$5,027$4,287$3,643$3,087$2,181
16 years$5,449$4,613$3,887$3,262$2,728$1,875
17 years$5,076$4,248$3,537$2,931$2,419$1,615
18 years$4,744$3,925$3,229$2,641$2,151$1,395
19 years$4,447$3,638$2,956$2,387$1,917$1,208
20 years$4,180$3,381$2,713$2,162$1,712$1,047
21 years$3,939$3,149$2,495$1,962$1,532$909
22 years$3,721$2,939$2,300$1,784$1,374$790
23 years$3,521$2,749$2,123$1,625$1,233$687
24 years$3,339$2,576$1,964$1,482$1,108$599
25 years$3,171$2,417$1,819$1,353$997$522
26 years$3,017$2,272$1,687$1,237$898$455
27 years$2,874$2,138$1,566$1,132$810$397
28 years$2,741$2,015$1,456$1,038$731$347
29 years$2,618$1,901$1,355$951$660$303
30 years$2,504$1,795$1,262$873$596$265
31 years$2,397$1,697$1,177$802$539$232
32 years$2,297$1,606$1,098$737$488$203
33 years$2,203$1,520$1,025$678$441$177
34 years$2,115$1,441$958$624$400$155
35 years$2,032$1,367$895$574$362$136
36 years$1,954$1,297$838$529$328$119
37 years$1,880$1,232$784$487$297$104
38 years$1,810$1,171$734$449$269$91
39 years$1,744$1,113$688$414$244$80
40 years$1,682$1,059$645$382$222$70
41 years$1,622$1,008$605$352$201$61
42 years$1,566$960$567$325$182$54
43 years$1,512$915$532$300$166$47
44 years$1,461$872$500$277$150$41
45 years$1,413$832$469$256$136$36
46 years$1,366$793$441$236$124$32
47 years$1,322$757$414$218$112$28
48 years$1,280$723$389$202$102$24
49 years$1,240$690$366$187$93$21
50 years$1,201$659$344$172$84$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,230,000, adding $6,342 every year, while hoping to spend $49,319 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: 58/25/17 Blend
41$1,230,000$1,230,000$1,230,000$1,230,000
42$1,362,002$1,296,812$1,277,747$1,434,615
43$1,448,451$1,307,881$1,268,076$1,495,624
44$1,542,065$1,317,839$1,256,429$1,556,151
45$1,643,523$1,326,580$1,242,686$1,621,008
46$1,753,570$1,333,990$1,226,724$1,690,621
47$1,873,028$1,339,950$1,208,414$1,765,459
48$2,002,800$1,344,330$1,187,618$1,846,044
49$2,143,878$1,346,995$1,164,196$1,932,948
50$2,297,355$1,347,799$1,137,998$2,026,806
51$2,464,433$1,346,589$1,108,869$2,128,318
52$2,646,435$1,343,202$1,076,645$2,238,260
53$2,844,815$1,337,463$1,041,157$2,357,485
54$3,061,177$1,329,188$1,002,226$2,486,939
55$3,297,282$1,318,184$959,666$2,627,663
56$3,555,071$1,304,242$913,282$2,780,811
57$3,836,682$1,287,143$862,870$2,947,655
58$4,144,465$1,266,654$808,217$3,129,599
59$4,481,009$1,242,529$749,102$3,328,194
60$4,849,167$1,214,508$685,291$3,545,155
61$5,252,075$1,182,312$616,542$3,782,372
62$5,693,192$1,145,651$542,601$4,041,934
63$6,176,323$1,104,213$463,204$4,326,144
64$6,705,660$1,057,671$378,072$4,637,549
65$7,285,818$1,005,678$286,919$4,978,958
66$7,921,883$947,867$189,442$5,353,470
67$8,619,452$883,850$85,326$5,764,507
68$9,384,694$813,217$0$6,215,847
69$10,224,402$735,533$0$6,716,335
70$11,146,058$650,341$0$7,282,714
71$12,157,904$557,156$0$7,904,631
72$13,269,018$455,465$0$8,587,754
73$14,489,404$344,728$0$9,338,334
74$15,830,077$224,374$0$10,163,263
75$17,303,176$93,800$0$11,070,140
76$18,922,072$0$0$12,067,343
77$20,701,495$0$0$13,177,215
78$22,657,674$0$0$14,425,814
79$24,808,489$0$0$15,798,763
80$27,173,639$0$0$17,308,651
81$29,774,827$0$0$18,969,347
82$32,635,965$0$0$20,796,134
83$35,783,398$0$0$22,805,848
84$39,246,154$0$0$25,017,040
85$43,056,216$0$0$27,450,152
86$47,248,823$0$0$30,127,705
87$51,862,804$0$0$33,074,513
88$56,940,940$0$0$36,317,921
89$62,530,373$0$0$39,888,054
90$68,683,044$0$0$43,818,111
91$75,456,186$0$0$48,144,670
92$82,912,864$0$0$52,908,038
93$91,122,568$0$0$58,152,626
94$100,161,868$0$0$63,927,373
95$110,115,138$0$0$70,286,204
96$121,075,349$0$0$77,288,540
97$133,144,949$0$0$84,999,859
98$146,436,825$0$0$93,492,311
99$161,075,372$0$0$102,845,401
100$177,197,664$0$0$113,146,738