Can I retire at age 42 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$102,398$101,486$100,596$99,727$98,879$95,945
2 years$50,692$49,748$48,833$47,946$47,085$44,153
3 years$33,459$32,511$31,598$30,719$29,873$27,035
4 years$24,844$23,899$22,995$22,132$21,306$18,584
5 years$19,677$18,737$17,845$16,999$16,196$13,597
6 years$16,233$15,300$14,422$13,594$12,815$10,342
7 years$13,774$12,849$11,985$11,177$10,422$8,075
8 years$11,930$11,014$10,164$9,376$8,646$6,423
9 years$10,497$9,590$8,754$7,986$7,282$5,180
10 years$9,352$8,453$7,632$6,884$6,204$4,222
11 years$8,415$7,525$6,719$5,991$5,336$3,469
12 years$7,635$6,754$5,963$5,255$4,624$2,869
13 years$6,975$6,104$5,328$4,640$4,032$2,385
14 years$6,410$5,548$4,787$4,118$3,535$1,991
15 years$5,921$5,068$4,322$3,673$3,112$1,668
16 years$5,494$4,650$3,918$3,289$2,750$1,401
17 years$5,117$4,283$3,566$2,955$2,439$1,180
18 years$4,782$3,957$3,255$2,663$2,168$995
19 years$4,483$3,668$2,980$2,406$1,933$841
20 years$4,214$3,408$2,735$2,179$1,726$712
21 years$3,971$3,174$2,515$1,978$1,545$603
22 years$3,751$2,963$2,318$1,798$1,385$511
23 years$3,550$2,771$2,141$1,638$1,243$434
24 years$3,366$2,597$1,980$1,494$1,117$369
25 years$3,197$2,437$1,834$1,364$1,005$313
26 years$3,041$2,290$1,701$1,247$906$266
27 years$2,897$2,155$1,579$1,142$817$226
28 years$2,764$2,031$1,468$1,046$737$193
29 years$2,640$1,916$1,366$959$665$164
30 years$2,524$1,810$1,272$880$601$140
31 years$2,416$1,711$1,186$809$543$119
32 years$2,315$1,619$1,107$743$492$101
33 years$2,221$1,533$1,033$683$445$86
34 years$2,132$1,453$966$629$403$73
35 years$2,048$1,378$903$579$365$63
36 years$1,969$1,308$844$533$331$53
37 years$1,895$1,242$790$491$300$45
38 years$1,825$1,180$740$453$272$39
39 years$1,758$1,123$693$417$246$33
40 years$1,695$1,068$650$385$223$28
41 years$1,635$1,017$609$355$203$24
42 years$1,579$968$572$328$184$20
43 years$1,525$922$536$303$167$17
44 years$1,473$879$504$279$152$15
45 years$1,424$839$473$258$138$13
46 years$1,378$800$444$238$125$11
47 years$1,333$763$417$220$113$9
48 years$1,290$729$392$203$103$8
49 years$1,250$696$369$188$94$7
50 years$1,211$665$346$174$85$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,240,000, adding $2,762 every year, while hoping to spend $58,331 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: 44/37/19 Blend
41$1,240,000$1,240,000$1,240,000$1,240,000
42$1,369,329$1,303,609$1,284,389$1,421,941
43$1,446,937$1,305,422$1,265,352$1,461,041
44$1,530,506$1,305,369$1,243,723$1,497,429
45$1,620,582$1,303,297$1,219,352$1,535,656
46$1,717,766$1,299,043$1,192,085$1,575,917
47$1,822,717$1,292,435$1,161,759$1,618,435
48$1,936,160$1,283,290$1,128,204$1,663,456
49$2,058,891$1,271,414$1,091,241$1,711,257
50$2,191,785$1,256,601$1,050,686$1,762,145
51$2,335,806$1,238,633$1,006,342$1,816,465
52$2,492,012$1,217,280$958,008$1,874,601
53$2,661,566$1,192,295$905,470$1,936,980
54$2,845,749$1,163,421$848,507$2,004,078
55$3,045,968$1,130,382$786,885$2,076,428
56$3,263,774$1,092,887$720,362$2,154,618
57$3,500,869$1,050,629$648,685$2,239,308
58$3,759,131$1,003,283$571,589$2,331,228
59$4,040,622$950,503$488,797$2,431,190
60$4,347,614$891,927$400,020$2,540,099
61$4,682,607$827,168$304,957$2,658,959
62$5,048,353$755,819$203,293$2,788,883
63$5,447,881$677,449$94,699$2,931,108
64$5,884,525$591,605$0$3,087,009
65$6,361,957$497,804$0$3,262,405
66$6,884,219$395,539$0$3,475,456
67$7,455,762$284,273$0$3,708,894
68$8,081,488$163,440$0$3,964,874
69$8,766,792$32,441$0$4,245,781
70$9,517,619$0$0$4,554,250
71$10,340,513$0$0$4,937,720
72$11,242,684$0$0$5,372,765
73$12,232,070$0$0$5,850,023
74$13,317,417$0$0$6,373,732
75$14,508,355$0$0$6,948,561
76$15,815,496$0$0$7,579,650
77$17,250,524$0$0$8,272,664
78$18,826,313$0$0$9,033,842
79$20,557,044$0$0$9,870,057
80$22,458,339$0$0$10,788,881
81$24,547,406$0$0$11,798,656
82$26,843,206$0$0$12,908,570
83$29,366,624$0$0$14,128,750
84$32,140,672$0$0$15,470,348
85$35,190,699$0$0$16,945,654
86$38,544,638$0$0$18,568,206
87$42,233,259$0$0$20,352,924
88$46,290,467$0$0$22,316,241
89$50,753,618$0$0$24,476,267
90$55,663,867$0$0$26,852,955
91$61,066,564$0$0$29,468,288
92$67,011,672$0$0$32,346,490
93$73,554,246$0$0$35,514,250
94$80,754,944$0$0$39,000,977
95$88,680,607$0$0$42,839,074
96$97,404,879$0$0$47,064,247
97$107,008,911$0$0$51,715,839
98$117,582,119$0$0$56,837,201
99$129,223,031$0$0$62,476,102
100$142,040,214$0$0$68,685,178