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%18.8%
1 years$106,527$105,578$104,652$103,749$102,866$99,217
2 years$52,736$51,754$50,802$49,879$48,984$45,346
3 years$34,808$33,822$32,872$31,958$31,077$27,565
4 years$25,846$24,863$23,923$23,024$22,165$18,805
5 years$20,470$19,493$18,565$17,685$16,849$13,651
6 years$16,887$15,917$15,003$14,143$13,332$10,298
7 years$14,329$13,367$12,468$11,627$10,843$7,972
8 years$12,411$11,458$10,574$9,754$8,995$6,285
9 years$10,921$9,976$9,107$8,308$7,575$5,023
10 years$9,729$8,794$7,940$7,162$6,454$4,055
11 years$8,754$7,829$6,990$6,233$5,551$3,300
12 years$7,943$7,026$6,203$5,467$4,810$2,702
13 years$7,256$6,350$5,542$4,827$4,195$2,224
14 years$6,669$5,772$4,980$4,284$3,677$1,837
15 years$6,160$5,273$4,496$3,821$3,238$1,523
16 years$5,715$4,838$4,076$3,421$2,861$1,265
17 years$5,323$4,455$3,709$3,074$2,537$1,054
18 years$4,975$4,117$3,386$2,770$2,256$879
19 years$4,664$3,815$3,100$2,503$2,011$735
20 years$4,384$3,545$2,845$2,267$1,796$614
21 years$4,132$3,302$2,617$2,058$1,607$515
22 years$3,902$3,083$2,412$1,871$1,441$431
23 years$3,693$2,883$2,227$1,704$1,293$362
24 years$3,502$2,701$2,059$1,554$1,162$303
25 years$3,326$2,535$1,907$1,419$1,046$255
26 years$3,164$2,383$1,769$1,298$942$214
27 years$3,014$2,242$1,643$1,188$849$180
28 years$2,875$2,113$1,527$1,088$766$151
29 years$2,746$1,993$1,421$998$692$127
30 years$2,626$1,882$1,324$916$625$107
31 years$2,514$1,780$1,234$841$565$90
32 years$2,409$1,684$1,151$773$511$76
33 years$2,310$1,595$1,075$711$463$64
34 years$2,218$1,511$1,004$654$419$53
35 years$2,131$1,433$939$602$380$45
36 years$2,049$1,361$879$555$344$38
37 years$1,971$1,292$822$511$312$32
38 years$1,898$1,228$770$471$283$27
39 years$1,829$1,168$721$434$256$23
40 years$1,764$1,111$676$400$232$19
41 years$1,701$1,058$634$370$211$16
42 years$1,642$1,007$595$341$191$13
43 years$1,586$960$558$315$174$11
44 years$1,533$915$524$291$158$10
45 years$1,482$872$492$268$143$8
46 years$1,433$832$462$248$130$7
47 years$1,387$794$434$229$118$6
48 years$1,342$758$408$212$107$5
49 years$1,300$724$383$196$97$4
50 years$1,259$692$360$181$88$3

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 $4,627 every year, while hoping to spend $29,886 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: 28/49/23 Blend
41$1,290,000$1,290,000$1,290,000$1,290,000
42$1,426,353$1,357,983$1,337,988$1,455,891
43$1,540,042$1,392,725$1,351,012$1,514,129
44$1,664,326$1,428,169$1,363,471$1,573,718
45$1,800,254$1,464,316$1,375,314$1,637,118
46$1,948,981$1,501,168$1,386,488$1,704,672
47$2,111,779$1,538,727$1,396,936$1,776,760
48$2,290,048$1,576,992$1,406,601$1,853,801
49$2,485,331$1,615,963$1,415,421$1,936,256
50$2,699,326$1,655,637$1,423,329$2,024,632
51$2,933,904$1,696,010$1,430,257$2,119,487
52$3,191,126$1,737,077$1,436,134$2,221,439
53$3,473,260$1,778,833$1,440,884$2,331,166
54$3,782,806$1,821,269$1,444,426$2,449,416
55$4,122,516$1,864,376$1,446,679$2,577,015
56$4,495,424$1,908,141$1,447,554$2,714,871
57$4,904,869$1,952,552$1,446,959$2,863,986
58$5,354,531$1,997,593$1,444,798$3,025,464
59$5,848,464$2,043,246$1,440,969$3,200,524
60$6,391,133$2,089,490$1,435,367$3,390,508
61$6,987,457$2,136,304$1,427,880$3,596,895
62$7,642,856$2,183,661$1,418,392$3,821,317
63$8,363,299$2,231,532$1,406,781$4,065,572
64$9,155,365$2,279,887$1,392,918$4,331,644
65$10,026,301$2,328,690$1,376,669$4,621,719
66$10,984,091$2,377,903$1,357,894$4,938,207
67$12,037,531$2,427,483$1,336,446$5,283,766
68$13,196,313$2,477,384$1,312,172$5,661,326
69$14,471,117$2,527,555$1,284,909$6,074,118
70$15,873,706$2,577,941$1,254,489$6,525,705
71$17,417,046$2,628,482$1,220,736$7,020,012
72$19,115,419$2,679,112$1,183,465$7,561,371
73$20,984,565$2,729,761$1,142,484$8,154,556
74$23,041,823$2,780,352$1,097,590$8,804,829
75$25,306,302$2,830,802$1,048,572$9,517,995
76$27,799,055$2,881,022$995,210$10,300,451
77$30,543,282$2,930,916$937,273$11,159,251
78$33,564,545$2,980,378$874,519$12,102,173
79$36,891,011$3,029,299$806,698$13,137,790
80$40,553,717$3,077,558$733,545$14,275,556
81$44,586,864$3,125,026$654,787$15,525,892
82$49,028,136$3,171,565$570,134$16,900,286
83$53,919,061$3,217,026$479,289$18,411,405
84$59,305,397$3,261,252$381,937$20,073,214
85$65,237,567$3,304,073$277,751$21,901,104
86$71,771,133$3,345,307$166,390$23,912,047
87$78,967,322$3,384,760$47,498$26,124,750
88$86,893,602$3,422,227$0$28,559,837
89$95,624,318$3,457,484$0$31,259,524
90$105,241,395$3,490,298$0$34,243,096
91$115,835,112$3,520,417$0$37,526,611
92$127,504,949$3,547,573$0$41,140,626
93$140,360,531$3,571,481$0$45,118,821
94$154,522,659$3,591,838$0$49,498,314
95$170,124,454$3,608,321$0$54,320,012
96$187,312,606$3,620,587$0$59,629,001
97$206,248,768$3,628,272$0$65,474,973
98$227,111,071$3,630,986$0$71,912,692
99$250,095,815$3,628,319$0$79,002,515
100$275,419,314$3,619,832$0$86,810,963