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%17.4%
1 years$109,004$108,033$107,086$106,161$105,259$102,094
2 years$53,963$52,958$51,984$51,039$50,123$46,961
3 years$35,618$34,608$33,637$32,701$31,800$28,740
4 years$26,447$25,441$24,479$23,559$22,680$19,746
5 years$20,946$19,946$18,997$18,096$17,241$14,440
6 years$17,280$16,287$15,352$14,471$13,642$10,978
7 years$14,662$13,678$12,758$11,898$11,095$8,566
8 years$12,700$11,725$10,820$9,981$9,204$6,810
9 years$11,175$10,208$9,319$8,501$7,751$5,489
10 years$9,955$8,998$8,124$7,328$6,604$4,470
11 years$8,958$8,011$7,153$6,378$5,680$3,671
12 years$8,127$7,190$6,348$5,594$4,922$3,034
13 years$7,425$6,498$5,671$4,939$4,292$2,520
14 years$6,824$5,906$5,096$4,384$3,763$2,103
15 years$6,303$5,395$4,601$3,910$3,313$1,760
16 years$5,848$4,950$4,171$3,501$2,928$1,478
17 years$5,447$4,559$3,796$3,146$2,596$1,243
18 years$5,091$4,213$3,465$2,835$2,308$1,048
19 years$4,772$3,904$3,172$2,561$2,057$885
20 years$4,486$3,628$2,911$2,320$1,838$748
21 years$4,228$3,379$2,678$2,105$1,645$633
22 years$3,993$3,154$2,468$1,914$1,474$537
23 years$3,779$2,950$2,279$1,743$1,323$455
24 years$3,583$2,764$2,107$1,590$1,189$386
25 years$3,403$2,594$1,952$1,452$1,070$328
26 years$3,237$2,438$1,810$1,328$964$279
27 years$3,084$2,294$1,681$1,215$869$237
28 years$2,942$2,162$1,563$1,114$784$201
29 years$2,810$2,040$1,454$1,021$708$171
30 years$2,687$1,926$1,355$937$640$146
31 years$2,572$1,821$1,263$861$579$124
32 years$2,465$1,723$1,178$791$523$105
33 years$2,364$1,632$1,100$727$474$90
34 years$2,269$1,546$1,028$669$429$76
35 years$2,180$1,467$961$616$388$65
36 years$2,096$1,392$899$567$352$55
37 years$2,017$1,322$841$523$319$47
38 years$1,943$1,257$788$482$289$40
39 years$1,872$1,195$738$444$262$34
40 years$1,805$1,137$692$410$238$29
41 years$1,741$1,082$649$378$216$25
42 years$1,681$1,031$609$349$196$21
43 years$1,623$982$571$322$178$18
44 years$1,568$936$536$297$161$15
45 years$1,516$893$503$275$146$13
46 years$1,466$852$473$254$133$11
47 years$1,419$813$444$234$121$9
48 years$1,374$776$417$217$110$8
49 years$1,330$741$392$200$100$7
50 years$1,289$708$369$185$90$6

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 $5,370 every year, while hoping to spend $29,671 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: 42/47/11 Blend
41$1,320,000$1,320,000$1,320,000$1,320,000
42$1,460,179$1,390,219$1,369,759$1,516,585
43$1,577,548$1,426,770$1,384,076$1,593,137
44$1,705,893$1,464,118$1,397,879$1,672,593
45$1,846,305$1,502,270$1,411,118$1,757,967
46$1,999,980$1,541,233$1,423,742$1,849,813
47$2,168,238$1,581,014$1,435,698$1,948,738
48$2,352,533$1,621,618$1,446,929$2,055,411
49$2,554,465$1,663,051$1,457,374$2,170,569
50$2,775,796$1,705,316$1,466,972$2,295,023
51$3,018,468$1,748,417$1,475,656$2,429,664
52$3,284,617$1,792,355$1,483,356$2,575,475
53$3,576,599$1,837,131$1,489,999$2,733,539
54$3,897,007$1,882,746$1,495,509$2,905,046
55$4,248,698$1,929,196$1,499,805$3,091,310
56$4,634,819$1,976,481$1,502,802$3,293,776
57$5,058,835$2,024,593$1,504,411$3,514,035
58$5,524,566$2,073,528$1,504,539$3,753,842
59$6,036,219$2,123,278$1,503,087$4,015,128
60$6,598,426$2,173,831$1,499,954$4,300,022
61$7,216,294$2,225,177$1,495,030$4,610,868
62$7,895,446$2,277,301$1,488,204$4,950,251
63$8,642,079$2,330,187$1,479,357$5,321,015
64$9,463,020$2,383,814$1,468,364$5,726,299
65$10,365,789$2,438,162$1,455,095$6,169,556
66$11,358,673$2,493,206$1,439,415$6,654,595
67$12,450,802$2,548,918$1,421,179$7,185,611
68$13,652,235$2,605,265$1,400,240$7,767,228
69$14,974,054$2,662,215$1,376,439$8,404,542
70$16,428,472$2,719,728$1,349,615$9,103,165
71$18,028,943$2,777,762$1,319,593$9,869,287
72$19,790,292$2,836,269$1,286,197$10,709,723
73$21,728,855$2,895,199$1,249,237$11,631,990
74$23,862,629$2,954,494$1,208,517$12,644,367
75$26,211,447$3,014,095$1,163,833$13,755,980
76$28,797,162$3,073,933$1,114,969$14,976,885
77$31,643,852$3,133,935$1,061,700$16,318,167
78$34,778,051$3,194,023$1,003,792$17,792,040
79$38,228,993$3,254,111$941,000$19,411,966
80$42,028,894$3,314,107$873,067$21,192,780
81$46,213,252$3,373,909$799,726$23,150,832
82$50,821,183$3,433,409$720,696$25,304,143
83$55,895,789$3,492,492$635,685$27,672,571
84$61,484,567$3,551,032$544,388$30,278,003
85$67,639,854$3,608,894$446,486$33,144,560
86$74,419,322$3,665,932$341,646$36,298,826
87$81,886,522$3,721,991$229,520$39,770,099
88$90,111,483$3,776,906$109,746$43,590,669
89$99,171,376$3,830,495$0$47,796,121
90$109,151,236$3,882,569$0$52,427,796
91$120,144,770$3,932,923$0$57,540,681
92$132,255,237$3,981,337$0$63,169,565
93$145,596,427$4,027,578$0$69,366,999
94$160,293,730$4,071,397$0$76,190,895
95$176,485,321$4,112,526$0$83,705,076
96$194,323,466$4,150,682$0$91,979,875
97$213,975,956$4,185,562$0$101,092,803
98$235,627,692$4,216,843$0$111,129,281
99$259,482,430$4,244,182$0$122,183,445
100$285,764,704$4,267,212$0$134,359,038