Can I retire at age 42 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$104,050$103,123$102,219$101,336$100,474$96,564
2 years$51,510$50,550$49,621$48,719$47,845$43,953
3 years$33,999$33,035$32,108$31,215$30,355$26,603
4 years$25,245$24,284$23,366$22,489$21,649$18,067
5 years$19,994$19,039$18,133$17,273$16,457$13,053
6 years$16,495$15,547$14,654$13,814$13,022$9,798
7 years$13,996$13,056$12,178$11,357$10,591$7,546
8 years$12,123$11,192$10,328$9,527$8,786$5,918
9 years$10,667$9,744$8,895$8,115$7,399$4,703
10 years$9,502$8,589$7,755$6,995$6,304$3,775
11 years$8,551$7,646$6,827$6,088$5,422$3,054
12 years$7,758$6,863$6,059$5,340$4,699$2,486
13 years$7,088$6,202$5,414$4,714$4,097$2,033
14 years$6,514$5,638$4,864$4,185$3,592$1,669
15 years$6,017$5,150$4,392$3,732$3,162$1,375
16 years$5,582$4,725$3,982$3,342$2,795$1,135
17 years$5,199$4,352$3,623$3,003$2,478$939
18 years$4,859$4,021$3,307$2,706$2,203$778
19 years$4,555$3,727$3,028$2,445$1,964$646
20 years$4,282$3,463$2,779$2,214$1,754$536
21 years$4,036$3,226$2,556$2,010$1,570$446
22 years$3,811$3,011$2,356$1,827$1,407$371
23 years$3,607$2,816$2,175$1,664$1,263$309
24 years$3,420$2,639$2,012$1,518$1,135$258
25 years$3,248$2,476$1,863$1,386$1,022$215
26 years$3,090$2,327$1,728$1,267$920$179
27 years$2,944$2,190$1,605$1,160$830$149
28 years$2,808$2,064$1,492$1,063$749$125
29 years$2,682$1,947$1,388$975$676$104
30 years$2,565$1,839$1,293$895$611$87
31 years$2,455$1,738$1,205$822$552$72
32 years$2,353$1,645$1,125$755$500$60
33 years$2,256$1,558$1,050$694$452$51
34 years$2,166$1,476$981$639$409$42
35 years$2,081$1,400$917$588$371$35
36 years$2,001$1,329$858$542$336$29
37 years$1,926$1,262$803$499$304$25
38 years$1,854$1,200$752$460$276$21
39 years$1,787$1,141$705$424$250$17
40 years$1,723$1,085$660$391$227$14
41 years$1,662$1,033$619$361$206$12
42 years$1,604$984$581$333$187$10
43 years$1,549$937$545$307$170$8
44 years$1,497$894$512$284$154$7
45 years$1,447$852$480$262$140$6
46 years$1,400$813$451$242$127$5
47 years$1,355$776$424$224$115$4
48 years$1,311$740$398$207$105$3
49 years$1,270$707$374$191$95$3
50 years$1,230$675$352$177$86$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,260,000, adding $4,913 every year, while hoping to spend $28,821 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: 64/29/7 Blend
41$1,260,000$1,260,000$1,260,000$1,260,000
42$1,393,588$1,326,808$1,307,278$1,480,658
43$1,505,068$1,361,156$1,320,406$1,573,606
44$1,626,954$1,396,221$1,333,009$1,671,228
45$1,760,276$1,432,009$1,345,037$1,777,095
46$1,906,168$1,468,522$1,356,440$1,892,007
47$2,065,882$1,505,764$1,367,165$2,016,842
48$2,240,793$1,543,737$1,377,156$2,152,567
49$2,432,417$1,582,443$1,386,354$2,300,248
50$2,642,423$1,621,882$1,394,696$2,461,058
51$2,872,649$1,662,053$1,402,117$2,636,287
52$3,125,120$1,702,955$1,408,550$2,827,360
53$3,402,067$1,744,584$1,413,920$3,035,842
54$3,705,945$1,786,936$1,418,154$3,263,458
55$4,039,459$1,830,004$1,421,170$3,512,111
56$4,405,591$1,873,781$1,422,886$3,783,893
57$4,807,623$1,918,258$1,423,214$4,081,110
58$5,249,170$1,963,422$1,422,062$4,406,303
59$5,734,217$2,009,262$1,419,333$4,762,270
60$6,267,153$2,055,761$1,414,926$5,152,095
61$6,852,811$2,102,902$1,408,735$5,579,175
62$7,496,519$2,150,665$1,400,648$6,047,252
63$8,204,143$2,199,027$1,390,549$6,560,450
64$8,982,149$2,247,963$1,378,316$7,123,310
65$9,837,659$2,297,443$1,363,820$7,740,839
66$10,778,519$2,347,437$1,346,927$8,418,553
67$11,813,376$2,397,910$1,327,497$9,162,526
68$12,951,755$2,448,822$1,305,383$9,979,457
69$14,204,151$2,500,132$1,280,431$10,876,722
70$15,582,129$2,551,792$1,252,479$11,862,453
71$17,098,428$2,603,752$1,221,359$12,945,606
72$18,767,088$2,655,956$1,186,895$14,136,055
73$20,603,576$2,708,343$1,148,901$15,444,676
74$22,624,938$2,760,849$1,107,186$16,883,457
75$24,849,951$2,813,400$1,061,547$18,465,606
76$27,299,310$2,865,921$1,011,773$20,205,680
77$29,995,816$2,918,327$957,643$22,119,717
78$32,964,592$2,970,528$898,927$24,225,395
79$36,233,324$3,022,427$835,384$26,542,191
80$39,832,516$3,073,919$766,762$29,091,571
81$43,795,782$3,124,891$692,799$31,897,188
82$48,160,163$3,175,221$613,218$34,985,109
83$52,966,472$3,224,780$527,734$38,384,059
84$58,259,685$3,273,427$436,046$42,125,696
85$64,089,361$3,321,013$337,842$46,244,903
86$70,510,110$3,367,377$232,794$50,780,125
87$77,582,111$3,412,348$120,561$55,773,726
88$85,371,674$3,455,741$788$61,272,394
89$93,951,872$3,497,360$0$67,327,579
90$103,403,228$3,536,995$0$74,005,468
91$113,814,473$3,574,423$0$81,359,736
92$125,283,384$3,609,405$0$89,459,212
93$137,917,709$3,641,686$0$98,379,811
94$151,836,181$3,670,994$0$108,205,190
95$167,169,639$3,697,040$0$119,027,539
96$184,062,264$3,719,517$0$130,948,454
97$202,672,938$3,738,097$0$144,079,890
98$223,176,746$3,752,431$0$158,545,225
99$245,766,623$3,762,150$0$174,480,421
100$270,655,183$3,766,859$0$192,035,308