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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$107,353$106,397$105,464$104,553$103,664$103,227
2 years$53,145$52,155$51,196$50,266$49,364$48,923
3 years$35,078$34,084$33,127$32,206$31,318$30,887
4 years$26,046$25,055$24,108$23,202$22,337$21,918
5 years$20,629$19,644$18,709$17,822$16,980$16,575
6 years$17,018$16,041$15,120$14,252$13,436$13,045
7 years$14,440$13,471$12,564$11,718$10,927$10,551
8 years$12,508$11,547$10,656$9,830$9,065$8,704
9 years$11,005$10,054$9,178$8,373$7,634$7,288
10 years$9,804$8,862$8,001$7,217$6,504$6,173
11 years$8,822$7,889$7,044$6,281$5,594$5,277
12 years$8,004$7,081$6,252$5,509$4,848$4,545
13 years$7,313$6,399$5,585$4,864$4,227$3,938
14 years$6,720$5,817$5,018$4,318$3,706$3,430
15 years$6,208$5,314$4,531$3,851$3,263$3,000
16 years$5,759$4,875$4,108$3,448$2,884$2,634
17 years$5,364$4,490$3,738$3,098$2,557$2,320
18 years$5,014$4,149$3,412$2,792$2,273$2,048
19 years$4,700$3,845$3,124$2,523$2,026$1,813
20 years$4,418$3,573$2,867$2,285$1,810$1,608
21 years$4,164$3,328$2,637$2,074$1,620$1,428
22 years$3,932$3,107$2,430$1,885$1,452$1,271
23 years$3,722$2,906$2,244$1,717$1,303$1,133
24 years$3,529$2,722$2,075$1,566$1,171$1,010
25 years$3,352$2,555$1,922$1,430$1,054$902
26 years$3,188$2,401$1,783$1,308$949$806
27 years$3,037$2,260$1,655$1,197$856$721
28 years$2,897$2,129$1,539$1,097$772$646
29 years$2,767$2,009$1,432$1,006$697$579
30 years$2,646$1,897$1,334$923$630$519
31 years$2,533$1,793$1,244$848$570$465
32 years$2,427$1,697$1,160$779$515$417
33 years$2,328$1,607$1,083$716$466$375
34 years$2,235$1,523$1,012$659$422$336
35 years$2,147$1,445$946$607$382$302
36 years$2,065$1,371$885$559$347$272
37 years$1,987$1,302$829$515$314$244
38 years$1,913$1,238$776$475$285$219
39 years$1,843$1,177$727$438$258$197
40 years$1,777$1,120$681$404$234$177
41 years$1,715$1,066$639$372$212$160
42 years$1,655$1,015$599$344$193$144
43 years$1,598$967$562$317$175$129
44 years$1,545$922$528$293$159$116
45 years$1,493$879$496$271$144$105
46 years$1,444$839$466$250$131$94
47 years$1,398$800$437$231$119$85
48 years$1,353$764$411$213$108$76
49 years$1,310$730$386$197$98$69
50 years$1,269$697$363$182$89$62

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 $5,767 every year, while hoping to spend $21,440 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: 70/23/7 Blend
41$1,300,000$1,300,000$1,300,000$1,300,000
42$1,438,549$1,369,649$1,349,499$1,537,275
43$1,562,469$1,413,949$1,371,895$1,647,621
44$1,698,310$1,459,702$1,394,323$1,765,131
45$1,847,266$1,506,956$1,416,761$1,893,123
46$2,010,650$1,555,761$1,439,186$2,032,620
47$2,189,912$1,606,168$1,461,574$2,184,751
48$2,386,644$1,658,232$1,483,898$2,350,756
49$2,602,604$1,712,007$1,506,131$2,532,002
50$2,839,727$1,767,553$1,528,243$2,729,993
51$3,100,143$1,824,927$1,550,203$2,946,385
52$3,386,201$1,884,191$1,571,978$3,183,003
53$3,700,487$1,945,410$1,593,533$3,441,853
54$4,045,850$2,008,648$1,614,829$3,725,148
55$4,425,429$2,073,974$1,635,829$4,035,321
56$4,842,683$2,141,459$1,656,489$4,375,056
57$5,301,421$2,211,175$1,676,766$4,747,306
58$5,805,841$2,283,198$1,696,613$5,155,323
59$6,360,568$2,357,606$1,715,981$5,602,690
60$6,970,697$2,434,480$1,734,817$6,093,353
61$7,641,841$2,513,903$1,753,067$6,631,660
62$8,380,186$2,595,961$1,770,672$7,222,399
63$9,192,548$2,680,746$1,787,572$7,870,843
64$10,086,434$2,768,348$1,803,701$8,582,803
65$11,070,118$2,858,865$1,818,993$9,364,679
66$12,152,716$2,952,396$1,833,376$10,223,523
67$13,344,272$3,049,043$1,846,773$11,167,102
68$14,655,855$3,148,913$1,859,107$12,203,973
69$16,099,659$3,252,116$1,870,294$13,343,565
70$17,689,122$3,358,767$1,880,246$14,596,265
71$19,439,050$3,468,984$1,888,872$15,973,517
72$21,365,757$3,582,889$1,896,074$17,487,928
73$23,487,223$3,700,609$1,901,751$19,153,389
74$25,823,256$3,822,276$1,905,796$20,985,207
75$28,395,685$3,948,024$1,908,097$23,000,245
76$31,228,564$4,077,996$1,908,537$25,217,082
77$34,348,396$4,212,336$1,906,991$27,656,191
78$37,784,388$4,351,197$1,903,332$30,340,129
79$41,568,724$4,494,734$1,897,422$33,293,750
80$45,736,868$4,643,109$1,889,119$36,544,441
81$50,327,899$4,796,492$1,878,275$40,122,376
82$55,384,879$4,955,055$1,864,732$44,060,807
83$60,955,263$5,118,979$1,848,326$48,396,369
84$67,091,342$5,288,450$1,828,887$53,169,433
85$73,850,737$5,463,663$1,806,234$58,424,483
86$81,296,948$5,644,818$1,780,178$64,210,537
87$89,499,945$5,832,123$1,750,523$70,581,607
88$98,536,836$6,025,793$1,717,061$77,597,209
89$108,492,588$6,226,052$1,679,577$85,322,927
90$119,460,834$6,433,130$1,637,845$93,831,029
91$131,544,754$6,647,269$1,591,628$103,201,149
92$144,858,049$6,868,716$1,540,678$113,521,039
93$159,526,017$7,097,729$1,484,738$124,887,395
94$175,686,729$7,334,576$1,423,535$137,406,773
95$193,492,339$7,579,534$1,356,787$151,196,590
96$213,110,517$7,832,891$1,284,198$166,386,235
97$234,726,030$8,094,943$1,205,460$183,118,287
98$258,542,491$8,366,001$1,120,248$201,549,864
99$284,784,274$8,646,384$1,028,226$221,854,103
100$313,698,638$8,936,425$929,040$244,221,793