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%19.9%
1 years$107,353$106,397$105,464$104,553$103,664$99,551
2 years$53,145$52,155$51,196$50,266$49,364$45,271
3 years$35,078$34,084$33,127$32,206$31,318$27,375
4 years$26,046$25,055$24,108$23,202$22,337$18,572
5 years$20,629$19,644$18,709$17,822$16,980$13,404
6 years$17,018$16,041$15,120$14,252$13,436$10,051
7 years$14,440$13,471$12,564$11,718$10,927$7,731
8 years$12,508$11,547$10,656$9,830$9,065$6,056
9 years$11,005$10,054$9,178$8,373$7,634$4,807
10 years$9,804$8,862$8,001$7,217$6,504$3,854
11 years$8,822$7,889$7,044$6,281$5,594$3,114
12 years$8,004$7,081$6,252$5,509$4,848$2,531
13 years$7,313$6,399$5,585$4,864$4,227$2,067
14 years$6,720$5,817$5,018$4,318$3,706$1,695
15 years$6,208$5,314$4,531$3,851$3,263$1,394
16 years$5,759$4,875$4,108$3,448$2,884$1,149
17 years$5,364$4,490$3,738$3,098$2,557$949
18 years$5,014$4,149$3,412$2,792$2,273$785
19 years$4,700$3,845$3,124$2,523$2,026$651
20 years$4,418$3,573$2,867$2,285$1,810$540
21 years$4,164$3,328$2,637$2,074$1,620$448
22 years$3,932$3,107$2,430$1,885$1,452$372
23 years$3,722$2,906$2,244$1,717$1,303$310
24 years$3,529$2,722$2,075$1,566$1,171$258
25 years$3,352$2,555$1,922$1,430$1,054$214
26 years$3,188$2,401$1,783$1,308$949$178
27 years$3,037$2,260$1,655$1,197$856$149
28 years$2,897$2,129$1,539$1,097$772$124
29 years$2,767$2,009$1,432$1,006$697$103
30 years$2,646$1,897$1,334$923$630$86
31 years$2,533$1,793$1,244$848$570$72
32 years$2,427$1,697$1,160$779$515$60
33 years$2,328$1,607$1,083$716$466$50
34 years$2,235$1,523$1,012$659$422$41
35 years$2,147$1,445$946$607$382$35
36 years$2,065$1,371$885$559$347$29
37 years$1,987$1,302$829$515$314$24
38 years$1,913$1,238$776$475$285$20
39 years$1,843$1,177$727$438$258$17
40 years$1,777$1,120$681$404$234$14
41 years$1,715$1,066$639$372$212$12
42 years$1,655$1,015$599$344$193$10
43 years$1,598$967$562$317$175$8
44 years$1,545$922$528$293$159$7
45 years$1,493$879$496$271$144$6
46 years$1,444$839$466$250$131$5
47 years$1,398$800$437$231$119$4
48 years$1,353$764$411$213$108$3
49 years$1,310$730$386$197$98$3
50 years$1,269$697$363$182$89$2

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 $3,947 every year, while hoping to spend $40,587 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: 25/48/27 Blend
41$1,300,000$1,300,000$1,300,000$1,300,000
42$1,436,671$1,367,771$1,347,621$1,460,314
43$1,540,028$1,391,608$1,349,582$1,504,082
44$1,652,566$1,415,252$1,350,249$1,547,256
45$1,775,180$1,438,652$1,349,534$1,592,701
46$1,908,853$1,461,751$1,347,349$1,640,633
47$2,054,668$1,484,488$1,343,597$1,691,293
48$2,213,816$1,506,800$1,338,180$1,744,951
49$2,387,609$1,528,617$1,330,992$1,801,903
50$2,577,490$1,549,864$1,321,925$1,862,478
51$2,785,049$1,570,463$1,310,865$1,927,044
52$3,012,036$1,590,327$1,297,690$1,996,006
53$3,260,376$1,609,366$1,282,276$2,069,814
54$3,532,193$1,627,483$1,264,491$2,148,966
55$3,829,822$1,644,575$1,244,196$2,234,017
56$4,155,835$1,660,530$1,221,248$2,325,579
57$4,513,066$1,675,232$1,195,495$2,424,330
58$4,904,634$1,688,554$1,166,780$2,531,024
59$5,333,976$1,700,362$1,134,936$2,646,494
60$5,804,877$1,710,515$1,099,792$2,771,662
61$6,321,505$1,718,861$1,061,165$2,907,550
62$6,888,451$1,725,238$1,018,868$3,055,290
63$7,510,774$1,729,476$972,701$3,216,134
64$8,194,045$1,731,392$922,458$3,391,466
65$8,944,400$1,730,793$867,923$3,582,821
66$9,768,600$1,727,473$808,869$3,791,894
67$10,674,092$1,721,214$745,062$4,020,562
68$11,669,081$1,711,785$676,253$4,270,900
69$12,762,606$1,698,941$602,185$4,545,201
70$13,964,623$1,682,420$522,590$4,846,005
71$15,286,103$1,661,947$437,185$5,176,115
72$16,739,132$1,637,229$345,677$5,538,632
73$18,337,026$1,607,956$247,760$5,936,983
74$20,094,457$1,573,800$143,114$6,374,956
75$22,027,587$1,534,412$31,405$6,856,736
76$24,154,227$1,489,425$0$7,386,946
77$26,493,999$1,438,447$0$7,995,991
78$29,068,523$1,381,067$0$8,675,517
79$31,901,620$1,316,847$0$9,422,810
80$35,019,539$1,245,326$0$10,244,866
81$38,451,201$1,166,016$0$11,149,407
82$42,228,471$1,078,398$0$12,144,951
83$46,386,463$981,928$0$13,240,896
84$50,963,867$876,027$0$14,447,608
85$56,003,314$760,085$0$15,776,525
86$61,551,781$633,458$0$17,240,262
87$67,661,030$495,465$0$18,852,737
88$74,388,097$345,385$0$20,629,299
89$81,795,833$182,459$0$22,586,881
90$89,953,493$5,884$0$24,744,155
91$98,937,391$0$0$27,121,720
92$108,831,618$0$0$29,840,104
93$119,728,838$0$0$32,837,784
94$131,731,162$0$0$36,139,777
95$144,951,107$0$0$39,777,079
96$159,512,663$0$0$43,783,844
97$175,552,458$0$0$48,197,708
98$193,221,052$0$0$53,060,145
99$212,684,353$0$0$58,416,858
100$234,125,185$0$0$64,318,211