Can I retire at age 42 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$107,353$106,397$105,464$104,553$103,664$100,547
2 years$53,145$52,155$51,196$50,266$49,364$46,250
3 years$35,078$34,084$33,127$32,206$31,318$28,305
4 years$26,046$25,055$24,108$23,202$22,337$19,447
5 years$20,629$19,644$18,709$17,822$16,980$14,222
6 years$17,018$16,041$15,120$14,252$13,436$10,811
7 years$14,440$13,471$12,564$11,718$10,927$8,436
8 years$12,508$11,547$10,656$9,830$9,065$6,707
9 years$11,005$10,054$9,178$8,373$7,634$5,405
10 years$9,804$8,862$8,001$7,217$6,504$4,403
11 years$8,822$7,889$7,044$6,281$5,594$3,615
12 years$8,004$7,081$6,252$5,509$4,848$2,988
13 years$7,313$6,399$5,585$4,864$4,227$2,482
14 years$6,720$5,817$5,018$4,318$3,706$2,071
15 years$6,208$5,314$4,531$3,851$3,263$1,734
16 years$5,759$4,875$4,108$3,448$2,884$1,455
17 years$5,364$4,490$3,738$3,098$2,557$1,224
18 years$5,014$4,149$3,412$2,792$2,273$1,032
19 years$4,700$3,845$3,124$2,523$2,026$872
20 years$4,418$3,573$2,867$2,285$1,810$737
21 years$4,164$3,328$2,637$2,074$1,620$624
22 years$3,932$3,107$2,430$1,885$1,452$529
23 years$3,722$2,906$2,244$1,717$1,303$448
24 years$3,529$2,722$2,075$1,566$1,171$380
25 years$3,352$2,555$1,922$1,430$1,054$323
26 years$3,188$2,401$1,783$1,308$949$274
27 years$3,037$2,260$1,655$1,197$856$233
28 years$2,897$2,129$1,539$1,097$772$198
29 years$2,767$2,009$1,432$1,006$697$169
30 years$2,646$1,897$1,334$923$630$143
31 years$2,533$1,793$1,244$848$570$122
32 years$2,427$1,697$1,160$779$515$104
33 years$2,328$1,607$1,083$716$466$88
34 years$2,235$1,523$1,012$659$422$75
35 years$2,147$1,445$946$607$382$64
36 years$2,065$1,371$885$559$347$54
37 years$1,987$1,302$829$515$314$46
38 years$1,913$1,238$776$475$285$39
39 years$1,843$1,177$727$438$258$34
40 years$1,777$1,120$681$404$234$29
41 years$1,715$1,066$639$372$212$24
42 years$1,655$1,015$599$344$193$21
43 years$1,598$967$562$317$175$18
44 years$1,545$922$528$293$159$15
45 years$1,493$879$496$271$144$13
46 years$1,444$839$466$250$131$11
47 years$1,398$800$437$231$119$9
48 years$1,353$764$411$213$108$8
49 years$1,310$730$386$197$98$7
50 years$1,269$697$363$182$89$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,300,000, adding $4,694 every year, while hoping to spend $35,768 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: 35/40/25 Blend
41$1,300,000$1,300,000$1,300,000$1,300,000
42$1,437,442$1,368,542$1,348,392$1,476,744
43$1,546,004$1,397,544$1,355,506$1,535,355
44$1,664,441$1,426,768$1,361,660$1,594,965
45$1,793,722$1,456,187$1,366,783$1,658,575
46$1,934,913$1,485,772$1,370,803$1,726,567
47$2,089,191$1,515,492$1,373,641$1,799,359
48$2,257,848$1,545,310$1,375,218$1,877,416
49$2,442,308$1,575,190$1,375,447$1,961,248
50$2,644,139$1,605,090$1,374,240$2,051,420
51$2,865,068$1,634,966$1,371,503$2,148,556
52$3,106,994$1,664,769$1,367,139$2,253,343
53$3,372,013$1,694,447$1,361,043$2,366,539
54$3,662,428$1,723,946$1,353,108$2,488,984
55$3,980,780$1,753,203$1,343,221$2,621,602
56$4,329,865$1,782,155$1,331,264$2,765,413
57$4,712,762$1,810,731$1,317,112$2,921,545
58$5,132,863$1,838,857$1,300,635$3,091,240
59$5,593,907$1,866,452$1,281,698$3,275,872
60$6,100,007$1,893,431$1,260,157$3,476,955
61$6,655,699$1,919,700$1,235,863$3,696,161
62$7,265,977$1,945,162$1,208,661$3,935,333
63$7,936,342$1,969,710$1,178,386$4,196,509
64$8,672,854$1,993,231$1,144,868$4,481,933
65$9,482,192$2,015,606$1,107,928$4,794,085
66$10,371,711$2,036,706$1,067,379$5,135,700
67$11,349,514$2,056,393$1,023,024$5,509,795
68$12,424,529$2,074,522$974,661$5,919,700
69$13,606,593$2,090,935$922,074$6,369,088
70$14,906,543$2,105,468$865,040$6,862,011
71$16,336,318$2,117,943$803,327$7,402,941
72$17,909,073$2,128,173$736,689$7,996,810
73$19,639,302$2,135,958$664,872$8,649,057
74$21,542,975$2,141,084$587,609$9,365,686
75$23,637,687$2,143,326$504,623$10,153,315
76$25,942,826$2,142,443$415,622$11,019,247
77$28,479,753$2,138,182$320,304$11,971,536
78$31,272,005$2,130,270$218,352$13,019,066
79$34,345,518$2,118,421$109,435$14,171,632
80$37,728,868$2,102,331$0$15,440,041
81$41,453,542$2,081,675$0$16,838,024
82$45,554,238$2,056,112$0$18,408,177
83$50,069,187$2,025,277$0$20,135,872
84$55,040,515$1,988,787$0$22,037,195
85$60,514,643$1,946,234$0$24,129,879
86$66,542,723$1,897,185$0$26,433,469
87$73,181,117$1,841,184$0$28,969,514
88$80,491,935$1,777,746$0$31,761,765
89$88,543,617$1,706,360$0$34,836,402
90$97,411,577$1,626,483$0$38,222,286
91$107,178,920$1,537,542$0$41,951,228
92$117,937,219$1,438,931$0$46,058,293
93$129,787,386$1,330,009$0$50,582,132
94$142,840,617$1,210,097$0$55,565,348
95$157,219,448$1,078,480$0$61,054,901
96$173,058,907$934,400$0$67,102,553
97$190,507,786$777,057$0$73,765,357
98$209,730,053$605,605$0$81,106,198
99$230,906,391$419,152$0$89,194,391
100$254,235,907$216,755$0$98,106,334