Can I retire at age 42 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$106,527$105,578$104,652$103,749$102,866$101,539
2 years$52,736$51,754$50,802$49,879$48,984$47,648
3 years$34,808$33,822$32,872$31,958$31,077$29,775
4 years$25,846$24,863$23,923$23,024$22,165$20,906
5 years$20,470$19,493$18,565$17,685$16,849$15,638
6 years$16,887$15,917$15,003$14,143$13,332$12,169
7 years$14,329$13,367$12,468$11,627$10,843$9,729
8 years$12,411$11,458$10,574$9,754$8,995$7,930
9 years$10,921$9,976$9,107$8,308$7,575$6,559
10 years$9,729$8,794$7,940$7,162$6,454$5,486
11 years$8,754$7,829$6,990$6,233$5,551$4,629
12 years$7,943$7,026$6,203$5,467$4,810$3,934
13 years$7,256$6,350$5,542$4,827$4,195$3,364
14 years$6,669$5,772$4,980$4,284$3,677$2,889
15 years$6,160$5,273$4,496$3,821$3,238$2,492
16 years$5,715$4,838$4,076$3,421$2,861$2,157
17 years$5,323$4,455$3,709$3,074$2,537$1,872
18 years$4,975$4,117$3,386$2,770$2,256$1,628
19 years$4,664$3,815$3,100$2,503$2,011$1,420
20 years$4,384$3,545$2,845$2,267$1,796$1,240
21 years$4,132$3,302$2,617$2,058$1,607$1,084
22 years$3,902$3,083$2,412$1,871$1,441$950
23 years$3,693$2,883$2,227$1,704$1,293$833
24 years$3,502$2,701$2,059$1,554$1,162$731
25 years$3,326$2,535$1,907$1,419$1,046$642
26 years$3,164$2,383$1,769$1,298$942$565
27 years$3,014$2,242$1,643$1,188$849$497
28 years$2,875$2,113$1,527$1,088$766$438
29 years$2,746$1,993$1,421$998$692$385
30 years$2,626$1,882$1,324$916$625$340
31 years$2,514$1,780$1,234$841$565$299
32 years$2,409$1,684$1,151$773$511$264
33 years$2,310$1,595$1,075$711$463$233
34 years$2,218$1,511$1,004$654$419$206
35 years$2,131$1,433$939$602$380$181
36 years$2,049$1,361$879$555$344$160
37 years$1,971$1,292$822$511$312$141
38 years$1,898$1,228$770$471$283$125
39 years$1,829$1,168$721$434$256$110
40 years$1,764$1,111$676$400$232$97
41 years$1,701$1,058$634$370$211$86
42 years$1,642$1,007$595$341$191$76
43 years$1,586$960$558$315$174$67
44 years$1,533$915$524$291$158$59
45 years$1,482$872$492$268$143$52
46 years$1,433$832$462$248$130$46
47 years$1,387$794$434$229$118$41
48 years$1,342$758$408$212$107$36
49 years$1,300$724$383$196$97$32
50 years$1,259$692$360$181$88$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,290,000, adding $5,892 every year, while hoping to spend $53,880 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: 66/14/20 Blend
41$1,290,000$1,290,000$1,290,000$1,290,000
42$1,427,658$1,359,288$1,339,293$1,514,329
43$1,515,951$1,368,565$1,326,831$1,582,461
44$1,611,444$1,376,491$1,312,146$1,650,190
45$1,714,815$1,382,942$1,295,107$1,722,950
46$1,826,808$1,387,789$1,275,575$1,801,235
47$1,948,243$1,390,891$1,253,407$1,885,590
48$2,080,020$1,392,100$1,228,452$1,976,619
49$2,223,129$1,391,260$1,200,552$2,074,986
50$2,378,660$1,388,204$1,169,543$2,181,424
51$2,547,811$1,382,754$1,135,251$2,296,744
52$2,731,902$1,374,723$1,097,496$2,421,841
53$2,932,383$1,363,911$1,056,088$2,557,701
54$3,150,850$1,350,107$1,010,832$2,705,414
55$3,389,061$1,333,087$961,519$2,866,182
56$3,648,950$1,312,612$907,934$3,041,333
57$3,932,644$1,288,432$849,851$3,232,332
58$4,242,488$1,260,279$787,035$3,440,794
59$4,581,060$1,227,871$719,239$3,668,504
60$4,951,200$1,190,909$646,206$3,917,430
61$5,356,036$1,149,076$567,667$4,189,745
62$5,799,008$1,102,038$483,340$4,487,845
63$6,283,909$1,049,439$392,934$4,814,374
64$6,814,911$990,906$296,141$5,172,251
65$7,396,612$926,040$192,642$5,564,695
66$8,034,074$854,424$82,103$5,995,256
67$8,732,871$775,613$0$6,467,854
68$9,499,145$689,138$0$6,994,463
69$10,339,658$594,506$0$7,591,394
70$11,261,858$491,192$0$8,246,447
71$12,273,950$378,643$0$8,965,508
72$13,384,973$256,276$0$9,755,065
73$14,604,881$123,474$0$10,622,266
74$15,944,640$0$0$11,574,993
75$17,416,333$0$0$12,625,074
76$19,033,265$0$0$13,799,773
77$20,810,100$0$0$15,090,730
78$22,762,988$0$0$16,509,691
79$24,909,724$0$0$18,069,597
80$27,269,912$0$0$19,784,705
81$29,865,150$0$0$21,670,722
82$32,719,234$0$0$23,744,955
83$35,858,381$0$0$26,026,469
84$39,311,478$0$0$28,536,272
85$43,110,350$0$0$31,297,512
86$47,290,064$0$0$34,335,690
87$51,889,256$0$0$37,678,906
88$56,950,497$0$0$41,358,120
89$62,520,694$0$0$45,407,447
90$68,651,530$0$0$49,864,476
91$75,399,953$0$0$54,770,624
92$82,828,714$0$0$60,171,529
93$91,006,954$0$0$66,117,476
94$100,010,861$0$0$72,663,875
95$109,924,384$0$0$79,871,784
96$120,840,027$0$0$87,808,479
97$132,859,721$0$0$96,548,096
98$146,095,786$0$0$106,172,322
99$160,671,987$0$0$116,771,174
100$176,724,706$0$0$128,443,840