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%13.5%
1 years$107,353$106,397$105,464$104,553$103,664$102,157
2 years$53,145$52,155$51,196$50,266$49,364$47,849
3 years$35,078$34,084$33,127$32,206$31,318$29,842
4 years$26,046$25,055$24,108$23,202$22,337$20,911
5 years$20,629$19,644$18,709$17,822$16,980$15,609
6 years$17,018$16,041$15,120$14,252$13,436$12,120
7 years$14,440$13,471$12,564$11,718$10,927$9,668
8 years$12,508$11,547$10,656$9,830$9,065$7,863
9 years$11,005$10,054$9,178$8,373$7,634$6,487
10 years$9,804$8,862$8,001$7,217$6,504$5,413
11 years$8,822$7,889$7,044$6,281$5,594$4,556
12 years$8,004$7,081$6,252$5,509$4,848$3,863
13 years$7,313$6,399$5,585$4,864$4,227$3,294
14 years$6,720$5,817$5,018$4,318$3,706$2,822
15 years$6,208$5,314$4,531$3,851$3,263$2,427
16 years$5,759$4,875$4,108$3,448$2,884$2,094
17 years$5,364$4,490$3,738$3,098$2,557$1,813
18 years$5,014$4,149$3,412$2,792$2,273$1,572
19 years$4,700$3,845$3,124$2,523$2,026$1,367
20 years$4,418$3,573$2,867$2,285$1,810$1,190
21 years$4,164$3,328$2,637$2,074$1,620$1,038
22 years$3,932$3,107$2,430$1,885$1,452$906
23 years$3,722$2,906$2,244$1,717$1,303$792
24 years$3,529$2,722$2,075$1,566$1,171$693
25 years$3,352$2,555$1,922$1,430$1,054$607
26 years$3,188$2,401$1,783$1,308$949$532
27 years$3,037$2,260$1,655$1,197$856$467
28 years$2,897$2,129$1,539$1,097$772$410
29 years$2,767$2,009$1,432$1,006$697$360
30 years$2,646$1,897$1,334$923$630$316
31 years$2,533$1,793$1,244$848$570$278
32 years$2,427$1,697$1,160$779$515$244
33 years$2,328$1,607$1,083$716$466$215
34 years$2,235$1,523$1,012$659$422$189
35 years$2,147$1,445$946$607$382$166
36 years$2,065$1,371$885$559$347$146
37 years$1,987$1,302$829$515$314$128
38 years$1,913$1,238$776$475$285$113
39 years$1,843$1,177$727$438$258$100
40 years$1,777$1,120$681$404$234$88
41 years$1,715$1,066$639$372$212$77
42 years$1,655$1,015$599$344$193$68
43 years$1,598$967$562$317$175$60
44 years$1,545$922$528$293$159$53
45 years$1,493$879$496$271$144$46
46 years$1,444$839$466$250$131$41
47 years$1,398$800$437$231$119$36
48 years$1,353$764$411$213$108$32
49 years$1,310$730$386$197$98$28
50 years$1,269$697$363$182$89$25

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 $3,058 every year, while hoping to spend $36,370 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: 64/18/18 Blend
41$1,300,000$1,300,000$1,300,000$1,300,000
42$1,435,754$1,366,854$1,346,704$1,520,973
43$1,543,504$1,395,133$1,353,122$1,606,853
44$1,661,025$1,423,578$1,358,535$1,696,214
45$1,789,276$1,452,160$1,362,872$1,792,971
46$1,929,311$1,480,845$1,366,057$1,897,848
47$2,082,292$1,509,597$1,368,012$2,011,643
48$2,249,498$1,538,379$1,368,652$2,135,234
49$2,432,334$1,567,148$1,367,890$2,269,589
50$2,632,352$1,595,858$1,365,634$2,415,777
51$2,851,258$1,624,460$1,361,788$2,574,973
52$3,090,929$1,652,902$1,356,251$2,748,474
53$3,353,435$1,681,126$1,348,917$2,937,708
54$3,641,055$1,709,070$1,339,675$3,144,251
55$3,956,297$1,736,669$1,328,409$3,369,838
56$4,301,926$1,763,852$1,314,996$3,616,382
57$4,680,984$1,790,543$1,299,311$3,885,993
58$5,096,825$1,816,660$1,281,218$4,180,993
59$5,553,140$1,842,115$1,260,578$4,503,945
60$6,053,998$1,866,816$1,237,244$4,857,674
61$6,603,877$1,890,662$1,211,064$5,245,290
62$7,207,714$1,913,546$1,181,876$5,670,226
63$7,870,945$1,935,354$1,149,513$6,136,263
64$8,599,559$1,955,963$1,113,799$6,647,569
65$9,400,153$1,975,245$1,074,551$7,208,739
66$10,279,997$1,993,060$1,031,576$7,824,838
67$11,247,097$2,009,260$984,674$8,501,447
68$12,310,275$2,023,688$933,635$9,244,720
69$13,479,250$2,036,176$878,239$10,061,440
70$14,764,731$2,046,546$818,257$10,959,083
71$16,178,515$2,054,608$753,450$11,945,888
72$17,733,599$2,060,160$683,567$13,030,938
73$19,444,306$2,062,987$608,346$14,224,246
74$21,326,414$2,062,863$527,514$15,536,847
75$23,397,309$2,059,544$440,787$16,980,902
76$25,676,147$2,052,774$347,865$18,569,820
77$28,184,034$2,042,280$248,439$20,318,377
78$30,944,227$2,027,772$142,183$22,242,860
79$33,982,350$2,008,945$28,758$24,361,221
80$37,326,638$1,985,472$0$26,693,247
81$41,008,204$1,957,009$0$29,278,471
82$45,061,328$1,923,190$0$32,130,254
83$49,523,785$1,883,628$0$35,269,632
84$54,437,198$1,837,912$0$38,725,886
85$59,847,432$1,785,610$0$42,531,280
86$65,805,025$1,726,260$0$46,721,369
87$72,365,667$1,659,376$0$51,335,340
88$79,590,723$1,584,443$0$56,416,374
89$87,547,814$1,500,918$0$62,012,058
90$96,311,451$1,408,223$0$68,174,836
91$105,963,742$1,305,749$0$74,962,500
92$116,595,166$1,192,853$0$82,438,741
93$128,305,423$1,068,853$0$90,673,748
94$141,204,379$933,029$0$99,744,869
95$155,413,100$784,623$0$109,737,346
96$171,064,996$622,829$0$120,745,118
97$188,307,078$446,800$0$132,871,708
98$207,301,346$255,639$0$146,231,201
99$228,226,319$48,400$0$160,949,324
100$251,278,715$0$0$177,164,630