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%12.5%
1 years$106,527$105,578$104,652$103,749$102,866$101,792
2 years$52,736$51,754$50,802$49,879$48,984$47,902
3 years$34,808$33,822$32,872$31,958$31,077$30,022
4 years$25,846$24,863$23,923$23,024$22,165$21,143
5 years$20,470$19,493$18,565$17,685$16,849$15,865
6 years$16,887$15,917$15,003$14,143$13,332$12,386
7 years$14,329$13,367$12,468$11,627$10,843$9,935
8 years$12,411$11,458$10,574$9,754$8,995$8,126
9 years$10,921$9,976$9,107$8,308$7,575$6,745
10 years$9,729$8,794$7,940$7,162$6,454$5,662
11 years$8,754$7,829$6,990$6,233$5,551$4,796
12 years$7,943$7,026$6,203$5,467$4,810$4,091
13 years$7,256$6,350$5,542$4,827$4,195$3,511
14 years$6,669$5,772$4,980$4,284$3,677$3,028
15 years$6,160$5,273$4,496$3,821$3,238$2,623
16 years$5,715$4,838$4,076$3,421$2,861$2,279
17 years$5,323$4,455$3,709$3,074$2,537$1,986
18 years$4,975$4,117$3,386$2,770$2,256$1,735
19 years$4,664$3,815$3,100$2,503$2,011$1,520
20 years$4,384$3,545$2,845$2,267$1,796$1,333
21 years$4,132$3,302$2,617$2,058$1,607$1,171
22 years$3,902$3,083$2,412$1,871$1,441$1,031
23 years$3,693$2,883$2,227$1,704$1,293$908
24 years$3,502$2,701$2,059$1,554$1,162$801
25 years$3,326$2,535$1,907$1,419$1,046$707
26 years$3,164$2,383$1,769$1,298$942$624
27 years$3,014$2,242$1,643$1,188$849$552
28 years$2,875$2,113$1,527$1,088$766$488
29 years$2,746$1,993$1,421$998$692$432
30 years$2,626$1,882$1,324$916$625$383
31 years$2,514$1,780$1,234$841$565$339
32 years$2,409$1,684$1,151$773$511$301
33 years$2,310$1,595$1,075$711$463$266
34 years$2,218$1,511$1,004$654$419$236
35 years$2,131$1,433$939$602$380$210
36 years$2,049$1,361$879$555$344$186
37 years$1,971$1,292$822$511$312$165
38 years$1,898$1,228$770$471$283$146
39 years$1,829$1,168$721$434$256$130
40 years$1,764$1,111$676$400$232$115
41 years$1,701$1,058$634$370$211$103
42 years$1,642$1,007$595$341$191$91
43 years$1,586$960$558$315$174$81
44 years$1,533$915$524$291$158$72
45 years$1,482$872$492$268$143$64
46 years$1,433$832$462$248$130$57
47 years$1,387$794$434$229$118$50
48 years$1,342$758$408$212$107$45
49 years$1,300$724$383$196$97$40
50 years$1,259$692$360$181$88$35

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 $6,189 every year, while hoping to spend $24,146 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: 67/9/24 Blend
41$1,290,000$1,290,000$1,290,000$1,290,000
42$1,427,964$1,359,594$1,339,599$1,514,441
43$1,547,925$1,400,523$1,358,784$1,614,227
44$1,679,313$1,442,648$1,377,803$1,719,996
45$1,823,268$1,486,003$1,396,624$1,835,112
46$1,981,045$1,530,621$1,415,215$1,960,498
47$2,154,027$1,576,537$1,433,540$2,097,170
48$2,343,737$1,623,786$1,451,563$2,246,246
49$2,551,853$1,672,406$1,469,245$2,408,958
50$2,780,221$1,722,434$1,486,544$2,586,665
51$3,030,878$1,773,907$1,503,418$2,780,861
52$3,306,065$1,826,865$1,519,819$2,993,194
53$3,608,250$1,881,349$1,535,700$3,225,479
54$3,940,155$1,937,399$1,551,010$3,479,716
55$4,304,776$1,995,056$1,565,694$3,758,108
56$4,705,415$2,054,365$1,579,696$4,063,083
57$5,145,707$2,115,369$1,592,956$4,397,314
58$5,629,660$2,178,113$1,605,410$4,763,750
59$6,161,687$2,242,642$1,616,994$5,165,636
60$6,746,652$2,309,005$1,627,636$5,606,552
61$7,389,912$2,377,248$1,637,263$6,090,438
62$8,097,371$2,447,420$1,645,799$6,621,639
63$8,875,531$2,519,572$1,653,162$7,204,942
64$9,731,559$2,593,755$1,659,266$7,845,621
65$10,673,350$2,670,021$1,664,023$8,549,488
66$11,709,602$2,748,422$1,667,339$9,322,948
67$12,849,900$2,829,014$1,669,113$10,173,059
68$14,104,805$2,911,851$1,669,244$11,107,596
69$15,485,954$2,996,990$1,667,622$12,135,131
70$17,006,166$3,084,488$1,664,133$13,265,106
71$18,679,571$3,174,404$1,658,657$14,507,930
72$20,521,735$3,266,797$1,651,070$15,875,070
73$22,549,810$3,361,728$1,641,239$17,379,163
74$24,782,697$3,459,259$1,629,026$19,034,137
75$27,241,221$3,559,452$1,614,288$20,855,339
76$29,948,332$3,662,371$1,596,873$22,859,680
77$32,929,316$3,768,082$1,576,622$25,065,799
78$36,212,038$3,876,649$1,553,370$27,494,234
79$39,827,200$3,988,140$1,526,943$30,167,618
80$43,808,638$4,102,622$1,497,159$33,110,893
81$48,193,633$4,220,164$1,463,828$36,351,545
82$53,023,268$4,340,836$1,426,750$39,919,866
83$58,342,812$4,464,709$1,385,718$43,849,235
84$64,202,153$4,591,853$1,340,512$48,176,437
85$70,656,259$4,722,340$1,290,907$52,942,011
86$77,765,707$4,856,245$1,236,662$58,190,628
87$85,597,249$4,993,640$1,177,529$63,971,521
88$94,224,439$5,134,599$1,113,247$70,338,940
89$103,728,336$5,279,199$1,043,545$77,352,674
90$114,198,259$5,427,513$968,137$85,078,608
91$125,732,639$5,579,618$886,727$93,589,349
92$138,439,939$5,735,590$799,003$102,964,913
93$152,439,684$5,895,506$704,641$113,293,476
94$167,863,588$6,059,442$603,303$124,672,211
95$184,856,795$6,227,475$494,634$137,208,203
96$203,579,249$6,399,682$378,265$151,019,461
97$224,207,205$6,576,139$253,810$166,236,035
98$246,934,894$6,756,924$120,867$183,001,238
99$271,976,351$6,942,112$0$201,473,006
100$299,567,442$7,131,777$0$221,830,765