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

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$101,572$100,667$99,785$98,923$98,082$94,489
2 years$50,283$49,347$48,439$47,559$46,706$43,126
3 years$33,189$32,249$31,343$30,472$29,632$26,178
4 years$24,644$23,706$22,810$21,953$21,134$17,832
5 years$19,518$18,586$17,701$16,862$16,066$12,924
6 years$16,102$15,177$14,305$13,485$12,712$9,734
7 years$13,663$12,745$11,888$11,087$10,338$7,522
8 years$11,834$10,925$10,082$9,300$8,577$5,920
9 years$10,413$9,512$8,683$7,922$7,223$4,722
10 years$9,276$8,385$7,570$6,829$6,154$3,805
11 years$8,347$7,464$6,665$5,943$5,293$3,091
12 years$7,573$6,700$5,915$5,213$4,587$2,526
13 years$6,919$6,055$5,285$4,602$4,000$2,074
14 years$6,359$5,503$4,748$4,085$3,506$1,710
15 years$5,873$5,027$4,287$3,643$3,087$1,414
16 years$5,449$4,613$3,887$3,262$2,728$1,173
17 years$5,076$4,248$3,537$2,931$2,419$974
18 years$4,744$3,925$3,229$2,641$2,151$811
19 years$4,447$3,638$2,956$2,387$1,917$676
20 years$4,180$3,381$2,713$2,162$1,712$564
21 years$3,939$3,149$2,495$1,962$1,532$471
22 years$3,721$2,939$2,300$1,784$1,374$394
23 years$3,521$2,749$2,123$1,625$1,233$330
24 years$3,339$2,576$1,964$1,482$1,108$276
25 years$3,171$2,417$1,819$1,353$997$231
26 years$3,017$2,272$1,687$1,237$898$194
27 years$2,874$2,138$1,566$1,132$810$162
28 years$2,741$2,015$1,456$1,038$731$136
29 years$2,618$1,901$1,355$951$660$114
30 years$2,504$1,795$1,262$873$596$96
31 years$2,397$1,697$1,177$802$539$80
32 years$2,297$1,606$1,098$737$488$67
33 years$2,203$1,520$1,025$678$441$57
34 years$2,115$1,441$958$624$400$47
35 years$2,032$1,367$895$574$362$40
36 years$1,954$1,297$838$529$328$33
37 years$1,880$1,232$784$487$297$28
38 years$1,810$1,171$734$449$269$24
39 years$1,744$1,113$688$414$244$20
40 years$1,682$1,059$645$382$222$17
41 years$1,622$1,008$605$352$201$14
42 years$1,566$960$567$325$182$12
43 years$1,512$915$532$300$166$10
44 years$1,461$872$500$277$150$8
45 years$1,413$832$469$256$136$7
46 years$1,366$793$441$236$124$6
47 years$1,322$757$414$218$112$5
48 years$1,280$723$389$202$102$4
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$3

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 $3,440 every year, while hoping to spend $23,586 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: 49/35/16 Blend
41$1,230,000$1,230,000$1,230,000$1,230,000
42$1,359,008$1,293,818$1,274,753$1,419,399
43$1,472,532$1,332,120$1,292,362$1,499,750
44$1,596,844$1,371,508$1,309,771$1,584,273
45$1,733,021$1,412,011$1,326,947$1,675,576
46$1,882,247$1,453,657$1,343,857$1,774,303
47$2,045,826$1,496,476$1,360,466$1,881,163
48$2,225,196$1,540,499$1,376,737$1,996,937
49$2,421,938$1,585,755$1,392,630$2,122,485
50$2,637,795$1,632,277$1,408,103$2,258,752
51$2,874,688$1,680,097$1,423,112$2,406,779
52$3,134,731$1,729,246$1,437,611$2,567,713
53$3,420,253$1,779,759$1,451,551$2,742,816
54$3,733,821$1,831,669$1,464,879$2,933,477
55$4,078,260$1,885,010$1,477,542$3,141,226
56$4,456,686$1,939,818$1,489,483$3,367,749
57$4,872,527$1,996,129$1,500,640$3,614,900
58$5,329,565$2,053,979$1,510,951$3,884,724
59$5,831,961$2,113,405$1,520,349$4,179,472
60$6,384,303$2,174,444$1,528,763$4,501,622
61$6,991,645$2,237,135$1,536,119$4,853,905
62$7,659,555$2,301,516$1,542,341$5,239,329
63$8,394,166$2,367,627$1,547,346$5,661,207
64$9,202,237$2,435,507$1,551,049$6,123,191
65$10,091,216$2,505,197$1,553,359$6,629,300
66$11,069,306$2,576,738$1,554,183$7,183,966
67$12,145,549$2,650,172$1,553,421$7,792,067
68$13,329,904$2,725,539$1,550,970$8,458,982
69$14,633,347$2,802,883$1,546,720$9,190,633
70$16,067,970$2,882,247$1,540,558$9,993,549
71$17,647,099$2,963,673$1,532,362$10,874,920
72$19,385,415$3,047,205$1,522,008$11,842,669
73$21,299,096$3,132,886$1,509,364$12,905,526
74$23,405,969$3,220,762$1,494,293$14,073,112
75$25,725,675$3,310,877$1,476,648$15,356,024
76$28,279,858$3,403,274$1,456,280$16,765,942
77$31,092,368$3,497,999$1,433,030$18,315,735
78$34,189,484$3,595,096$1,406,732$20,019,581
79$37,600,167$3,694,611$1,377,213$21,893,106
80$41,356,324$3,796,587$1,344,290$23,953,528
81$45,493,119$3,901,070$1,307,773$26,219,817
82$50,049,299$4,008,103$1,267,465$28,712,881
83$55,067,559$4,117,732$1,223,157$31,455,757
84$60,594,948$4,229,999$1,174,631$34,473,829
85$66,683,312$4,344,948$1,121,660$37,795,072
86$73,389,780$4,462,622$1,064,006$41,450,312
87$80,777,309$4,583,061$1,001,422$45,473,518
88$88,915,271$4,706,308$933,646$49,902,122
89$97,880,114$4,832,402$860,409$54,777,374
90$107,756,079$4,961,383$781,425$60,144,731
91$118,635,996$5,093,288$696,400$66,054,284
92$130,622,162$5,228,154$605,024$72,561,234
93$143,827,304$5,366,014$506,973$79,726,410
94$158,375,643$5,506,903$401,911$87,616,846
95$174,404,068$5,650,851$289,484$96,306,413
96$192,063,427$5,797,886$169,326$105,876,516
97$211,519,950$5,948,036$41,052$116,416,862
98$232,956,819$6,101,324$0$128,026,309
99$256,575,896$6,257,771$0$140,830,158
100$282,599,630$6,417,395$0$154,940,642