Can I retire at age 42 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$109,830$108,852$107,897$106,966$106,056$102,009
2 years$54,371$53,359$52,377$51,426$50,503$46,474
3 years$35,888$34,871$33,892$32,949$32,041$28,156
4 years$26,647$25,634$24,664$23,738$22,852$19,140
5 years$21,105$20,097$19,141$18,233$17,372$13,843
6 years$17,411$16,411$15,468$14,581$13,746$10,403
7 years$14,773$13,782$12,854$11,988$11,179$8,021
8 years$12,796$11,813$10,902$10,056$9,274$6,298
9 years$11,259$10,286$9,389$8,566$7,810$5,011
10 years$10,030$9,066$8,186$7,384$6,655$4,028
11 years$9,026$8,071$7,207$6,426$5,723$3,263
12 years$8,189$7,244$6,396$5,637$4,960$2,659
13 years$7,481$6,547$5,714$4,976$4,325$2,178
14 years$6,876$5,951$5,134$4,417$3,791$1,790
15 years$6,351$5,436$4,636$3,939$3,338$1,477
16 years$5,892$4,988$4,203$3,527$2,950$1,221
17 years$5,488$4,593$3,824$3,169$2,616$1,011
18 years$5,129$4,244$3,491$2,856$2,326$839
19 years$4,809$3,934$3,196$2,581$2,073$698
20 years$4,520$3,655$2,933$2,337$1,852$581
21 years$4,260$3,405$2,698$2,121$1,657$483
22 years$4,023$3,178$2,487$1,929$1,485$403
23 years$3,808$2,973$2,296$1,757$1,333$336
24 years$3,610$2,785$2,123$1,602$1,198$280
25 years$3,429$2,614$1,967$1,463$1,078$234
26 years$3,262$2,457$1,824$1,338$971$196
27 years$3,107$2,312$1,694$1,225$876$163
28 years$2,964$2,178$1,574$1,122$790$137
29 years$2,831$2,055$1,465$1,029$714$114
30 years$2,707$1,941$1,365$944$645$95
31 years$2,592$1,835$1,272$867$583$80
32 years$2,483$1,736$1,187$797$527$67
33 years$2,382$1,644$1,108$733$477$56
34 years$2,287$1,558$1,036$674$432$47
35 years$2,197$1,478$968$621$391$39
36 years$2,112$1,403$906$572$355$33
37 years$2,033$1,332$848$527$321$27
38 years$1,957$1,266$794$486$291$23
39 years$1,886$1,204$744$448$264$19
40 years$1,818$1,146$697$413$240$16
41 years$1,754$1,090$654$381$217$13
42 years$1,693$1,038$613$352$197$11
43 years$1,635$989$575$325$179$9
44 years$1,580$943$540$300$163$8
45 years$1,528$899$507$277$148$7
46 years$1,478$858$476$256$134$5
47 years$1,430$819$448$236$122$5
48 years$1,384$782$421$218$110$4
49 years$1,340$746$395$202$100$3
50 years$1,299$713$372$186$91$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,330,000, adding $6,951 every year, while hoping to spend $31,629 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: 54/32/14 Blend
41$1,330,000$1,330,000$1,330,000$1,330,000
42$1,472,830$1,402,340$1,381,725$1,546,570
43$1,589,406$1,437,402$1,394,360$1,632,619
44$1,716,812$1,473,121$1,406,358$1,722,243
45$1,856,120$1,509,498$1,417,664$1,819,072
46$2,008,510$1,546,529$1,428,221$1,923,799
47$2,175,280$1,584,211$1,437,969$2,037,188
48$2,357,861$1,622,539$1,446,843$2,160,078
49$2,557,827$1,661,507$1,454,776$2,293,396
50$2,776,912$1,701,109$1,461,699$2,438,161
51$3,017,027$1,741,333$1,467,536$2,595,495
52$3,280,276$1,782,170$1,472,210$2,766,636
53$3,568,974$1,823,606$1,475,639$2,952,946
54$3,885,674$1,865,628$1,477,738$3,155,926
55$4,233,187$1,908,217$1,478,415$3,377,231
56$4,614,607$1,951,355$1,477,578$3,618,682
57$5,033,346$1,995,021$1,475,126$3,882,288
58$5,493,160$2,039,190$1,470,955$4,170,261
59$5,998,187$2,083,835$1,464,957$4,485,038
60$6,552,986$2,128,926$1,457,016$4,829,306
61$7,162,578$2,174,431$1,447,014$5,206,025
62$7,832,495$2,220,313$1,434,823$5,618,458
63$8,568,834$2,266,532$1,420,314$6,070,198
64$9,378,307$2,313,045$1,403,347$6,565,206
65$10,268,314$2,359,803$1,383,779$7,107,850
66$11,247,005$2,406,756$1,361,458$7,702,938
67$12,323,358$2,453,846$1,336,225$8,355,774
68$13,507,268$2,501,012$1,307,916$9,072,200
69$14,809,635$2,548,187$1,276,357$9,858,656
70$16,242,469$2,595,299$1,241,366$10,722,238
71$17,819,003$2,642,271$1,202,754$11,670,767
72$19,553,817$2,689,018$1,160,323$12,712,864
73$21,462,977$2,735,450$1,113,864$13,858,027
74$23,564,182$2,781,470$1,063,160$15,116,727
75$25,876,939$2,826,971$1,007,986$16,500,502
76$28,422,736$2,871,843$948,103$18,022,069
77$31,225,255$2,915,963$883,264$19,695,443
78$34,310,588$2,959,202$813,211$21,536,071
79$37,707,487$3,001,421$737,672$23,560,977
80$41,447,631$3,042,471$656,364$25,788,921
81$45,565,930$3,082,194$568,993$28,240,583
82$50,100,851$3,120,417$475,251$30,938,751
83$55,094,781$3,156,960$374,814$33,908,542
84$60,594,426$3,191,629$267,348$37,177,635
85$66,651,254$3,224,216$152,501$40,776,539
86$73,321,979$3,254,499$29,907$44,738,876
87$80,669,095$3,282,244$0$49,101,700
88$88,761,468$3,307,199$0$53,920,927
89$97,674,983$3,329,097$0$59,232,236
90$107,493,261$3,347,653$0$65,080,820
91$118,308,450$3,362,564$0$71,521,412
92$130,222,091$3,373,508$0$78,614,330
93$143,346,077$3,380,144$0$86,426,044
94$157,803,712$3,382,106$0$95,029,806
95$173,730,871$3,379,009$0$104,506,343
96$191,277,282$3,370,443$0$114,944,618
97$210,607,942$3,355,971$0$126,442,669
98$231,904,670$3,335,133$0$139,108,540
99$255,367,829$3,307,436$0$153,061,295
100$281,218,210$3,272,363$0$168,432,149