Can I retire at age 42 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$109,004$108,033$107,086$106,161$105,259$102,923
2 years$53,963$52,958$51,984$51,039$50,123$47,782
3 years$35,618$34,608$33,637$32,701$31,800$29,527
4 years$26,447$25,441$24,479$23,559$22,680$20,492
5 years$20,946$19,946$18,997$18,096$17,241$15,145
6 years$17,280$16,287$15,352$14,471$13,642$11,640
7 years$14,662$13,678$12,758$11,898$11,095$9,186
8 years$12,700$11,725$10,820$9,981$9,204$7,389
9 years$11,175$10,208$9,319$8,501$7,751$6,028
10 years$9,955$8,998$8,124$7,328$6,604$4,971
11 years$8,958$8,011$7,153$6,378$5,680$4,135
12 years$8,127$7,190$6,348$5,594$4,922$3,462
13 years$7,425$6,498$5,671$4,939$4,292$2,915
14 years$6,824$5,906$5,096$4,384$3,763$2,466
15 years$6,303$5,395$4,601$3,910$3,313$2,093
16 years$5,848$4,950$4,171$3,501$2,928$1,782
17 years$5,447$4,559$3,796$3,146$2,596$1,522
18 years$5,091$4,213$3,465$2,835$2,308$1,302
19 years$4,772$3,904$3,172$2,561$2,057$1,116
20 years$4,486$3,628$2,911$2,320$1,838$958
21 years$4,228$3,379$2,678$2,105$1,645$824
22 years$3,993$3,154$2,468$1,914$1,474$709
23 years$3,779$2,950$2,279$1,743$1,323$611
24 years$3,583$2,764$2,107$1,590$1,189$526
25 years$3,403$2,594$1,952$1,452$1,070$454
26 years$3,237$2,438$1,810$1,328$964$392
27 years$3,084$2,294$1,681$1,215$869$339
28 years$2,942$2,162$1,563$1,114$784$293
29 years$2,810$2,040$1,454$1,021$708$253
30 years$2,687$1,926$1,355$937$640$219
31 years$2,572$1,821$1,263$861$579$189
32 years$2,465$1,723$1,178$791$523$164
33 years$2,364$1,632$1,100$727$474$142
34 years$2,269$1,546$1,028$669$429$123
35 years$2,180$1,467$961$616$388$106
36 years$2,096$1,392$899$567$352$92
37 years$2,017$1,322$841$523$319$80
38 years$1,943$1,257$788$482$289$69
39 years$1,872$1,195$738$444$262$60
40 years$1,805$1,137$692$410$238$52
41 years$1,741$1,082$649$378$216$45
42 years$1,681$1,031$609$349$196$39
43 years$1,623$982$571$322$178$34
44 years$1,568$936$536$297$161$29
45 years$1,516$893$503$275$146$25
46 years$1,466$852$473$254$133$22
47 years$1,419$813$444$234$121$19
48 years$1,374$776$417$217$110$16
49 years$1,330$741$392$200$100$14
50 years$1,289$708$369$185$90$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,320,000, adding $3,171 every year, while hoping to spend $32,906 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: 46/37/17 Blend
41$1,320,000$1,320,000$1,320,000$1,320,000
42$1,457,911$1,387,951$1,367,491$1,517,779
43$1,571,606$1,420,949$1,378,290$1,592,827
44$1,695,795$1,454,461$1,388,348$1,670,633
45$1,831,514$1,488,477$1,397,606$1,754,341
46$1,979,903$1,522,987$1,406,000$1,844,515
47$2,142,217$1,557,977$1,413,465$1,941,773
48$2,319,839$1,593,433$1,419,931$2,046,799
49$2,514,290$1,629,339$1,425,326$2,160,345
50$2,727,246$1,665,676$1,429,574$2,283,241
51$2,960,554$1,702,423$1,432,594$2,416,399
52$3,216,246$1,739,557$1,434,301$2,560,828
53$3,496,561$1,777,053$1,434,607$2,717,635
54$3,803,963$1,814,882$1,433,420$2,888,044
55$4,141,170$1,853,013$1,430,642$3,073,402
56$4,511,171$1,891,413$1,426,171$3,275,195
57$4,917,263$1,930,044$1,419,899$3,495,059
58$5,363,072$1,968,865$1,411,715$3,734,800
59$5,852,599$2,007,832$1,401,500$3,996,404
60$6,390,245$2,046,897$1,389,132$4,282,065
61$6,980,863$2,086,008$1,374,481$4,594,200
62$7,629,797$2,125,108$1,357,411$4,935,470
63$8,342,933$2,164,136$1,337,782$5,308,813
64$9,126,759$2,203,025$1,315,444$5,717,465
65$9,988,420$2,241,705$1,290,243$6,164,993
66$10,935,788$2,280,098$1,262,016$6,655,329
67$11,977,537$2,318,121$1,230,592$7,192,809
68$13,123,223$2,355,686$1,195,794$7,782,210
69$14,383,375$2,392,698$1,157,435$8,428,801
70$15,769,591$2,429,052$1,115,322$9,138,388
71$17,294,654$2,464,640$1,069,249$9,917,371
72$18,972,644$2,499,343$1,019,005$10,772,806
73$20,819,079$2,533,036$964,367$11,712,470
74$22,851,054$2,565,583$905,102$12,744,936
75$25,087,405$2,596,841$840,967$13,879,655
76$27,548,889$2,626,655$771,708$15,127,045
77$30,258,376$2,654,861$697,060$16,498,587
78$33,241,064$2,681,283$616,745$18,006,939
79$36,524,721$2,705,734$530,474$19,666,055
80$40,139,943$2,728,015$437,945$21,491,312
81$44,120,442$2,747,914$338,842$23,499,664
82$48,503,369$2,765,203$232,835$25,709,797
83$53,329,658$2,779,643$119,580$28,142,307
84$58,644,415$2,790,977$0$30,819,897
85$64,497,343$2,798,934$0$33,767,826
86$70,943,214$2,803,223$0$37,036,605
87$78,042,377$2,803,536$0$40,634,996
88$85,861,339$2,799,549$0$44,596,583
89$94,473,382$2,790,913$0$48,958,381
90$103,959,260$2,777,261$0$53,761,181
91$114,407,960$2,758,202$0$59,049,942
92$125,917,540$2,733,323$0$64,874,209
93$138,596,057$2,702,183$0$71,288,587
94$152,562,582$2,664,317$0$78,353,256
95$167,948,330$2,619,233$0$86,134,537
96$184,897,891$2,566,407$0$94,705,524
97$203,570,600$2,505,285$0$104,146,772
98$224,142,039$2,435,282$0$114,547,058
99$246,805,693$2,355,777$0$126,004,222
100$271,774,777$2,266,113$0$138,626,091