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%
1 years$105,701$104,760$103,841$102,944$102,069$98,723
2 years$52,327$51,353$50,408$49,493$48,604$45,265
3 years$34,538$33,560$32,618$31,710$30,837$27,609
4 years$25,646$24,670$23,737$22,846$21,993$18,902
5 years$20,311$19,341$18,421$17,548$16,719$13,772
6 years$16,756$15,794$14,887$14,033$13,229$10,429
7 years$14,218$13,264$12,371$11,537$10,759$8,106
8 years$12,315$11,369$10,492$9,678$8,925$6,417
9 years$10,836$9,899$9,036$8,244$7,516$5,150
10 years$9,653$8,726$7,878$7,106$6,404$4,177
11 years$8,686$7,768$6,936$6,185$5,508$3,414
12 years$7,881$6,972$6,155$5,425$4,773$2,809
13 years$7,200$6,301$5,499$4,789$4,162$2,322
14 years$6,617$5,727$4,941$4,251$3,649$1,928
15 years$6,112$5,232$4,461$3,791$3,212$1,606
16 years$5,671$4,800$4,045$3,395$2,839$1,341
17 years$5,282$4,421$3,681$3,050$2,517$1,123
18 years$4,936$4,085$3,360$2,749$2,238$942
19 years$4,628$3,786$3,076$2,484$1,995$791
20 years$4,350$3,518$2,823$2,250$1,782$665
21 years$4,100$3,277$2,596$2,042$1,595$560
22 years$3,872$3,059$2,393$1,856$1,429$472
23 years$3,664$2,861$2,210$1,691$1,283$398
24 years$3,475$2,680$2,043$1,542$1,153$336
25 years$3,300$2,515$1,893$1,408$1,038$284
26 years$3,139$2,364$1,755$1,288$935$240
27 years$2,991$2,225$1,630$1,179$843$202
28 years$2,853$2,097$1,515$1,080$761$171
29 years$2,725$1,978$1,410$990$687$145
30 years$2,606$1,868$1,313$909$621$122
31 years$2,494$1,766$1,225$835$561$103
32 years$2,390$1,671$1,142$767$507$88
33 years$2,292$1,582$1,067$705$459$74
34 years$2,201$1,500$997$649$416$63
35 years$2,114$1,422$932$597$377$53
36 years$2,033$1,350$872$550$341$45
37 years$1,956$1,282$816$507$309$38
38 years$1,884$1,219$764$467$280$32
39 years$1,815$1,159$716$431$254$27
40 years$1,750$1,102$671$397$231$23
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$8
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$4

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 $2,462 every year, while hoping to spend $30,851 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: 51/30/19 Blend
41$1,280,000$1,280,000$1,280,000$1,280,000
42$1,413,100$1,345,260$1,325,420$1,477,624
43$1,524,410$1,378,352$1,336,996$1,555,455
44$1,646,041$1,412,032$1,347,926$1,636,635
45$1,779,012$1,446,296$1,358,156$1,724,236
46$1,924,445$1,481,138$1,367,628$1,818,878
47$2,083,577$1,516,553$1,376,283$1,921,241
48$2,257,771$1,552,533$1,384,057$2,032,076
49$2,448,525$1,589,069$1,390,884$2,152,210
50$2,657,490$1,626,149$1,396,694$2,282,554
51$2,886,485$1,663,761$1,401,415$2,424,111
52$3,137,513$1,701,891$1,404,968$2,577,988
53$3,412,778$1,740,523$1,407,273$2,745,403
54$3,714,710$1,779,638$1,408,246$2,927,698
55$4,045,985$1,819,214$1,407,797$3,126,354
56$4,409,550$1,859,230$1,405,833$3,343,002
57$4,808,651$1,899,660$1,402,255$3,579,438
58$5,246,864$1,940,474$1,396,961$3,837,644
59$5,728,129$1,981,641$1,389,844$4,119,802
60$6,256,784$2,023,127$1,380,789$4,428,319
61$6,837,610$2,064,895$1,369,680$4,765,846
62$7,475,873$2,106,902$1,356,391$5,135,305
63$8,177,375$2,149,103$1,340,794$5,539,917
64$8,948,508$2,191,449$1,322,751$5,983,233
65$9,796,313$2,233,888$1,302,120$6,469,165
66$10,728,549$2,276,360$1,278,753$7,002,027
67$11,753,762$2,318,803$1,252,492$7,586,572
68$12,881,370$2,361,149$1,223,175$8,228,039
69$14,121,750$2,403,325$1,190,631$8,932,204
70$15,486,332$2,445,251$1,154,681$9,705,430
71$16,987,713$2,486,844$1,115,138$10,554,735
72$18,639,770$2,528,010$1,071,806$11,487,851
73$20,457,796$2,568,651$1,024,480$12,513,300
74$22,458,638$2,608,663$972,948$13,640,477
75$24,660,862$2,647,930$916,985$14,879,737
76$27,084,924$2,686,332$856,357$16,242,492
77$29,753,362$2,723,738$790,821$17,741,321
78$32,691,013$2,760,009$720,121$19,390,088
79$35,925,242$2,794,996$643,992$21,204,075
80$39,486,206$2,828,539$562,154$23,200,124
81$43,407,130$2,860,469$474,317$25,396,800
82$47,724,628$2,890,602$380,177$27,814,563
83$52,479,045$2,918,747$279,418$30,475,965
84$57,714,837$2,944,695$171,709$33,405,862
85$63,480,992$2,968,228$56,703$36,631,649
86$69,831,492$2,989,109$0$40,183,519
87$76,825,819$3,007,090$0$44,108,138
88$84,529,519$3,021,905$0$48,441,935
89$93,014,823$3,033,270$0$53,213,908
90$102,361,321$3,040,887$0$58,468,692
91$112,656,720$3,044,434$0$64,255,481
92$123,997,668$3,043,574$0$70,628,485
93$136,490,666$3,037,946$0$77,647,446
94$150,253,075$3,027,166$0$85,378,202
95$165,414,221$3,010,830$0$93,893,309
96$182,116,617$2,988,506$0$103,272,724
97$200,517,308$2,959,738$0$113,604,567
98$220,789,349$2,924,041$0$124,985,946
99$243,123,446$2,880,902$0$137,523,878
100$267,729,749$2,829,778$0$151,336,299