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

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$109,830$108,852$107,897$106,966$106,056$104,428
2 years$54,371$53,359$52,377$51,426$50,503$48,867
3 years$35,888$34,871$33,892$32,949$32,041$30,448
4 years$26,647$25,634$24,664$23,738$22,852$21,313
5 years$21,105$20,097$19,141$18,233$17,372$15,893
6 years$17,411$16,411$15,468$14,581$13,746$12,328
7 years$14,773$13,782$12,854$11,988$11,179$9,822
8 years$12,796$11,813$10,902$10,056$9,274$7,979
9 years$11,259$10,286$9,389$8,566$7,810$6,576
10 years$10,030$9,066$8,186$7,384$6,655$5,480
11 years$9,026$8,071$7,207$6,426$5,723$4,607
12 years$8,189$7,244$6,396$5,637$4,960$3,900
13 years$7,481$6,547$5,714$4,976$4,325$3,321
14 years$6,876$5,951$5,134$4,417$3,791$2,842
15 years$6,351$5,436$4,636$3,939$3,338$2,441
16 years$5,892$4,988$4,203$3,527$2,950$2,104
17 years$5,488$4,593$3,824$3,169$2,616$1,818
18 years$5,129$4,244$3,491$2,856$2,326$1,575
19 years$4,809$3,934$3,196$2,581$2,073$1,367
20 years$4,520$3,655$2,933$2,337$1,852$1,188
21 years$4,260$3,405$2,698$2,121$1,657$1,035
22 years$4,023$3,178$2,487$1,929$1,485$902
23 years$3,808$2,973$2,296$1,757$1,333$788
24 years$3,610$2,785$2,123$1,602$1,198$688
25 years$3,429$2,614$1,967$1,463$1,078$602
26 years$3,262$2,457$1,824$1,338$971$527
27 years$3,107$2,312$1,694$1,225$876$461
28 years$2,964$2,178$1,574$1,122$790$404
29 years$2,831$2,055$1,465$1,029$714$354
30 years$2,707$1,941$1,365$944$645$310
31 years$2,592$1,835$1,272$867$583$272
32 years$2,483$1,736$1,187$797$527$239
33 years$2,382$1,644$1,108$733$477$210
34 years$2,287$1,558$1,036$674$432$184
35 years$2,197$1,478$968$621$391$162
36 years$2,112$1,403$906$572$355$142
37 years$2,033$1,332$848$527$321$125
38 years$1,957$1,266$794$486$291$110
39 years$1,886$1,204$744$448$264$96
40 years$1,818$1,146$697$413$240$85
41 years$1,754$1,090$654$381$217$74
42 years$1,693$1,038$613$352$197$65
43 years$1,635$989$575$325$179$57
44 years$1,580$943$540$300$163$51
45 years$1,528$899$507$277$148$44
46 years$1,478$858$476$256$134$39
47 years$1,430$819$448$236$122$34
48 years$1,384$782$421$218$110$30
49 years$1,340$746$395$202$100$27
50 years$1,299$713$372$186$91$23

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 $2,156 every year, while hoping to spend $48,914 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: 41/34/25 Blend
41$1,330,000$1,330,000$1,330,000$1,330,000
42$1,467,884$1,397,394$1,376,779$1,517,190
43$1,565,564$1,413,822$1,370,857$1,569,281
44$1,671,568$1,429,416$1,363,097$1,620,843
45$1,786,693$1,444,083$1,353,386$1,675,694
46$1,911,817$1,457,724$1,341,606$1,734,165
47$2,047,905$1,470,234$1,327,632$1,796,624
48$2,196,017$1,481,502$1,311,333$1,863,476
49$2,357,322$1,491,407$1,292,575$1,935,171
50$2,533,106$1,499,823$1,271,213$2,012,207
51$2,724,783$1,506,614$1,247,098$2,095,139
52$2,933,910$1,511,637$1,220,075$2,184,576
53$3,162,200$1,514,739$1,189,980$2,281,198
54$3,411,541$1,515,758$1,156,640$2,385,754
55$3,684,008$1,514,520$1,119,878$2,499,074
56$3,981,889$1,510,844$1,079,506$2,622,079
57$4,307,700$1,504,533$1,035,327$2,755,786
58$4,664,213$1,495,383$987,138$2,901,320
59$5,054,480$1,483,174$934,725$3,059,928
60$5,481,861$1,467,674$877,862$3,232,988
61$5,950,058$1,448,637$816,317$3,422,023
62$6,463,146$1,425,802$749,846$3,628,718
63$7,025,613$1,398,892$678,192$3,854,939
64$7,642,404$1,367,616$601,090$4,102,745
65$8,318,963$1,331,663$518,260$4,374,414
66$9,061,287$1,290,705$429,412$4,672,464
67$9,875,983$1,244,394$334,242$4,999,677
68$10,770,327$1,192,364$232,433$5,359,128
69$11,752,335$1,134,223$123,654$5,754,214
70$12,830,835$1,069,563$7,558$6,188,689
71$14,015,555$997,946$0$6,666,700
72$15,317,209$918,913$0$7,223,860
73$16,747,603$831,978$0$7,838,362
74$18,319,740$736,626$0$8,513,880
75$20,047,947$632,314$0$9,256,694
76$21,948,008$518,469$0$10,073,728
77$24,037,313$394,482$0$10,972,623
78$26,335,022$259,715$0$11,961,807
79$28,862,243$113,489$0$13,050,573
80$31,642,234$0$0$14,249,176
81$34,700,618$0$0$15,585,724
82$38,065,631$0$0$17,103,183
83$41,768,380$0$0$18,773,147
84$45,843,141$0$0$20,611,098
85$50,327,681$0$0$22,634,098
86$55,263,613$0$0$24,860,945
87$60,696,789$0$0$27,312,352
88$66,677,732$0$0$30,011,144
89$73,262,112$0$0$32,982,470
90$80,511,271$0$0$36,254,042
91$88,492,802$0$0$39,856,397
92$97,281,184$0$0$43,823,182
93$106,958,488$0$0$48,191,474
94$117,615,148$0$0$53,002,129
95$129,350,814$0$0$58,300,167
96$142,275,294$0$0$64,135,197
97$156,509,589$0$0$70,561,886
98$172,187,030$0$0$77,640,471
99$189,454,545$0$0$85,437,332
100$208,474,037$0$0$94,025,614