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%15.8%
1 years$109,830$108,852$107,897$106,966$106,056$103,534
2 years$54,371$53,359$52,377$51,426$50,503$47,977
3 years$35,888$34,871$33,892$32,949$32,041$29,590
4 years$26,647$25,634$24,664$23,738$22,852$20,495
5 years$21,105$20,097$19,141$18,233$17,372$15,115
6 years$17,411$16,411$15,468$14,581$13,746$11,591
7 years$14,773$13,782$12,854$11,988$11,179$9,127
8 years$12,796$11,813$10,902$10,056$9,274$7,324
9 years$11,259$10,286$9,389$8,566$7,810$5,961
10 years$10,030$9,066$8,186$7,384$6,655$4,904
11 years$9,026$8,071$7,207$6,426$5,723$4,068
12 years$8,189$7,244$6,396$5,637$4,960$3,398
13 years$7,481$6,547$5,714$4,976$4,325$2,853
14 years$6,876$5,951$5,134$4,417$3,791$2,407
15 years$6,351$5,436$4,636$3,939$3,338$2,037
16 years$5,892$4,988$4,203$3,527$2,950$1,730
17 years$5,488$4,593$3,824$3,169$2,616$1,473
18 years$5,129$4,244$3,491$2,856$2,326$1,256
19 years$4,809$3,934$3,196$2,581$2,073$1,074
20 years$4,520$3,655$2,933$2,337$1,852$919
21 years$4,260$3,405$2,698$2,121$1,657$788
22 years$4,023$3,178$2,487$1,929$1,485$676
23 years$3,808$2,973$2,296$1,757$1,333$580
24 years$3,610$2,785$2,123$1,602$1,198$499
25 years$3,429$2,614$1,967$1,463$1,078$429
26 years$3,262$2,457$1,824$1,338$971$369
27 years$3,107$2,312$1,694$1,225$876$318
28 years$2,964$2,178$1,574$1,122$790$274
29 years$2,831$2,055$1,465$1,029$714$236
30 years$2,707$1,941$1,365$944$645$203
31 years$2,592$1,835$1,272$867$583$175
32 years$2,483$1,736$1,187$797$527$151
33 years$2,382$1,644$1,108$733$477$130
34 years$2,287$1,558$1,036$674$432$112
35 years$2,197$1,478$968$621$391$97
36 years$2,112$1,403$906$572$355$84
37 years$2,033$1,332$848$527$321$72
38 years$1,957$1,266$794$486$291$62
39 years$1,886$1,204$744$448$264$54
40 years$1,818$1,146$697$413$240$46
41 years$1,754$1,090$654$381$217$40
42 years$1,693$1,038$613$352$197$35
43 years$1,635$989$575$325$179$30
44 years$1,580$943$540$300$163$26
45 years$1,528$899$507$277$148$22
46 years$1,478$858$476$256$134$19
47 years$1,430$819$448$236$122$17
48 years$1,384$782$421$218$110$14
49 years$1,340$746$395$202$100$12
50 years$1,299$713$372$186$91$11

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 $4,196 every year, while hoping to spend $49,098 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: 46/41/13 Blend
41$1,330,000$1,330,000$1,330,000$1,330,000
42$1,469,988$1,399,498$1,378,883$1,532,028
43$1,567,687$1,415,834$1,372,836$1,591,803
44$1,673,706$1,431,324$1,364,940$1,651,265
45$1,788,841$1,445,876$1,355,083$1,714,685
46$1,913,969$1,459,390$1,343,145$1,782,448
47$2,050,054$1,471,761$1,329,000$1,854,981
48$2,198,157$1,482,874$1,312,519$1,932,756
49$2,359,445$1,492,611$1,293,564$2,016,294
50$2,535,202$1,500,843$1,271,993$2,106,173
51$2,726,842$1,507,433$1,247,653$2,203,029
52$2,935,920$1,512,238$1,220,390$2,307,569
53$3,164,148$1,515,102$1,190,038$2,420,571
54$3,413,412$1,515,863$1,156,425$2,542,900
55$3,685,787$1,514,347$1,119,372$2,675,506
56$3,983,556$1,510,368$1,078,689$2,819,445
57$4,309,234$1,503,732$1,034,182$2,975,880
58$4,665,592$1,494,231$985,642$3,146,098
59$5,055,678$1,481,644$932,857$3,331,522
60$5,482,850$1,465,737$875,600$3,533,723
61$5,950,805$1,446,263$813,638$3,754,437
62$6,463,616$1,422,959$746,723$3,995,583
63$7,025,768$1,395,546$674,601$4,259,281
64$7,642,199$1,363,731$597,003$4,547,871
65$8,318,349$1,327,200$513,649$4,863,940
66$9,060,212$1,285,624$424,247$5,210,344
67$9,874,386$1,238,652$328,492$5,590,238
68$10,768,142$1,185,914$226,065$6,007,104
69$11,749,488$1,127,020$116,634$6,464,791
70$12,827,246$1,061,554$0$6,967,544
71$14,011,133$989,078$0$7,520,074
72$15,311,855$909,130$0$8,144,804
73$16,741,206$821,219$0$8,831,307
74$18,312,178$724,828$0$9,585,944
75$20,039,086$619,410$0$10,415,738
76$21,937,699$504,387$0$11,328,433
77$24,025,391$379,148$0$12,332,573
78$26,321,303$243,050$0$13,437,585
79$28,846,527$95,410$0$14,653,866
80$31,624,298$0$0$15,992,886
81$34,680,217$0$0$17,496,391
82$38,042,493$0$0$19,198,159
83$41,742,205$0$0$21,070,897
84$45,813,598$0$0$23,131,962
85$50,294,404$0$0$25,400,479
86$55,226,199$0$0$27,897,519
87$60,654,792$0$0$30,646,303
88$66,630,661$0$0$33,672,414
89$73,209,424$0$0$37,004,045
90$80,452,368$0$0$40,672,259
91$88,427,023$0$0$44,711,285
92$97,207,802$0$0$49,158,842
93$106,876,698$0$0$54,056,490
94$117,524,063$0$0$59,450,027
95$129,249,456$0$0$65,389,917
96$142,162,585$0$0$71,931,770
97$156,384,338$0$0$79,136,863
98$172,047,926$0$0$87,072,718
99$189,300,141$0$0$95,813,743
100$208,302,736$0$0$105,441,931