Can I retire at age 42 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$105,701$104,760$103,841$102,944$102,069$98,762
2 years$52,327$51,353$50,408$49,493$48,604$45,304
3 years$34,538$33,560$32,618$31,710$30,837$27,646
4 years$25,646$24,670$23,737$22,846$21,993$18,937
5 years$20,311$19,341$18,421$17,548$16,719$13,805
6 years$16,756$15,794$14,887$14,033$13,229$10,460
7 years$14,218$13,264$12,371$11,537$10,759$8,134
8 years$12,315$11,369$10,492$9,678$8,925$6,444
9 years$10,836$9,899$9,036$8,244$7,516$5,175
10 years$9,653$8,726$7,878$7,106$6,404$4,199
11 years$8,686$7,768$6,936$6,185$5,508$3,435
12 years$7,881$6,972$6,155$5,425$4,773$2,827
13 years$7,200$6,301$5,499$4,789$4,162$2,339
14 years$6,617$5,727$4,941$4,251$3,649$1,943
15 years$6,112$5,232$4,461$3,791$3,212$1,620
16 years$5,671$4,800$4,045$3,395$2,839$1,354
17 years$5,282$4,421$3,681$3,050$2,517$1,134
18 years$4,936$4,085$3,360$2,749$2,238$952
19 years$4,628$3,786$3,076$2,484$1,995$800
20 years$4,350$3,518$2,823$2,250$1,782$674
21 years$4,100$3,277$2,596$2,042$1,595$568
22 years$3,872$3,059$2,393$1,856$1,429$479
23 years$3,664$2,861$2,210$1,691$1,283$404
24 years$3,475$2,680$2,043$1,542$1,153$341
25 years$3,300$2,515$1,893$1,408$1,038$288
26 years$3,139$2,364$1,755$1,288$935$244
27 years$2,991$2,225$1,630$1,179$843$206
28 years$2,853$2,097$1,515$1,080$761$174
29 years$2,725$1,978$1,410$990$687$148
30 years$2,606$1,868$1,313$909$621$125
31 years$2,494$1,766$1,225$835$561$106
32 years$2,390$1,671$1,142$767$507$89
33 years$2,292$1,582$1,067$705$459$76
34 years$2,201$1,500$997$649$416$64
35 years$2,114$1,422$932$597$377$54
36 years$2,033$1,350$872$550$341$46
37 years$1,956$1,282$816$507$309$39
38 years$1,884$1,219$764$467$280$33
39 years$1,815$1,159$716$431$254$28
40 years$1,750$1,102$671$397$231$24
41 years$1,688$1,049$629$367$209$20
42 years$1,630$999$590$338$190$17
43 years$1,574$952$554$312$172$14
44 years$1,521$908$520$288$156$12
45 years$1,470$866$488$266$142$10
46 years$1,422$826$458$246$129$9
47 years$1,376$788$431$227$117$7
48 years$1,332$752$405$210$106$6
49 years$1,290$718$380$194$97$5
50 years$1,250$686$358$179$88$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,280,000, adding $5,519 every year, while hoping to spend $51,970 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: 54/40/6 Blend
41$1,280,000$1,280,000$1,280,000$1,280,000
42$1,416,253$1,348,413$1,328,573$1,490,526
43$1,505,415$1,359,189$1,317,784$1,552,115
44$1,601,930$1,368,752$1,304,893$1,612,895
45$1,706,492$1,376,987$1,289,772$1,677,774
46$1,819,867$1,383,772$1,272,292$1,747,146
47$1,942,895$1,388,977$1,252,315$1,821,449
48$2,076,499$1,392,466$1,229,697$1,901,167
49$2,221,697$1,394,092$1,204,286$1,986,834
50$2,379,607$1,393,700$1,175,927$2,079,041
51$2,551,460$1,391,124$1,144,453$2,178,441
52$2,738,609$1,386,190$1,109,693$2,285,755
53$2,942,545$1,378,711$1,071,466$2,401,781
54$3,164,907$1,368,490$1,029,583$2,527,401
55$3,407,501$1,355,319$983,846$2,663,588
56$3,672,311$1,338,975$934,051$2,811,420
57$3,961,526$1,319,224$879,980$2,972,085
58$4,277,551$1,295,816$821,410$3,146,898
59$4,623,038$1,268,487$758,103$3,337,310
60$5,000,903$1,236,958$689,815$3,544,925
61$5,414,360$1,200,934$616,288$3,771,516
62$5,866,945$1,160,100$537,254$4,019,039
63$6,362,554$1,114,125$452,433$4,289,656
64$6,905,476$1,062,659$361,531$4,585,754
65$7,500,435$1,005,330$264,243$4,909,971
66$8,152,634$941,746$160,250$5,265,217
67$8,867,803$871,491$49,218$5,654,708
68$9,652,252$794,128$0$6,081,995
69$10,512,933$709,191$0$6,555,431
70$11,457,502$616,192$0$7,078,560
71$12,494,394$514,611$0$7,653,029
72$13,632,897$403,902$0$8,284,137
73$14,883,246$283,487$0$8,977,731
74$16,256,714$152,755$0$9,740,264
75$17,765,720$11,061$0$10,578,856
76$19,423,946$0$0$11,501,362
77$21,246,463$0$0$12,579,075
78$23,249,878$0$0$13,769,242
79$25,452,484$0$0$15,077,880
80$27,874,435$0$0$16,516,981
81$30,537,938$0$0$18,099,756
82$33,467,458$0$0$19,840,763
83$36,689,951$0$0$21,756,040
84$40,235,116$0$0$23,863,258
85$44,135,675$0$0$26,181,888
86$48,427,684$0$0$28,733,382
87$53,150,868$0$0$31,541,377
88$58,348,998$0$0$34,631,920
89$64,070,306$0$0$38,033,708
90$70,367,932$0$0$41,778,363
91$77,300,434$0$0$45,900,726
92$84,932,333$0$0$50,439,191
93$93,334,724$0$0$55,436,062
94$102,585,946$0$0$60,937,954
95$112,772,323$0$0$66,996,233
96$123,988,971$0$0$73,667,498
97$136,340,705$0$0$81,014,118
98$149,943,019$0$0$89,104,819
99$164,923,179$0$0$98,015,329
100$181,421,424$0$0$107,829,099