Can I retire at age 42 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$110,656$109,670$108,709$107,770$106,853$103,933
2 years$54,780$53,760$52,771$51,813$50,883$47,962
3 years$36,157$35,133$34,146$33,197$32,282$29,452
4 years$26,848$25,826$24,850$23,916$23,024$20,307
5 years$21,263$20,248$19,285$18,370$17,502$14,905
6 years$17,542$16,534$15,585$14,691$13,849$11,374
7 years$14,885$13,885$12,951$12,078$11,263$8,911
8 years$12,893$11,902$10,983$10,132$9,344$7,113
9 years$11,344$10,363$9,460$8,630$7,869$5,758
10 years$10,106$9,135$8,248$7,439$6,705$4,710
11 years$9,093$8,132$7,261$6,474$5,766$3,885
12 years$8,250$7,299$6,444$5,679$4,997$3,226
13 years$7,538$6,596$5,757$5,014$4,357$2,693
14 years$6,927$5,996$5,173$4,451$3,820$2,257
15 years$6,399$5,477$4,670$3,969$3,363$1,899
16 years$5,937$5,025$4,234$3,554$2,972$1,602
17 years$5,529$4,628$3,853$3,193$2,635$1,355
18 years$5,168$4,276$3,517$2,878$2,343$1,148
19 years$4,845$3,963$3,220$2,600$2,089$975
20 years$4,554$3,683$2,955$2,355$1,866$829
21 years$4,292$3,430$2,718$2,137$1,670$705
22 years$4,053$3,202$2,505$1,943$1,496$601
23 years$3,836$2,995$2,313$1,770$1,343$512
24 years$3,637$2,806$2,139$1,614$1,207$437
25 years$3,455$2,633$1,981$1,474$1,086$373
26 years$3,286$2,475$1,838$1,348$979$319
27 years$3,131$2,329$1,706$1,234$882$272
28 years$2,987$2,195$1,586$1,130$796$233
29 years$2,853$2,071$1,476$1,037$719$199
30 years$2,728$1,955$1,375$951$650$170
31 years$2,611$1,849$1,282$874$587$146
32 years$2,502$1,749$1,196$803$531$125
33 years$2,400$1,656$1,117$738$481$107
34 years$2,304$1,570$1,043$679$435$91
35 years$2,213$1,489$976$625$394$78
36 years$2,128$1,413$913$576$357$67
37 years$2,048$1,342$854$531$324$57
38 years$1,972$1,276$800$489$294$49
39 years$1,900$1,213$749$451$266$42
40 years$1,832$1,154$702$416$241$36
41 years$1,767$1,099$659$384$219$31
42 years$1,706$1,046$618$354$199$26
43 years$1,648$997$580$327$180$23
44 years$1,592$950$544$302$164$19
45 years$1,539$906$511$279$149$17
46 years$1,489$864$480$258$135$14
47 years$1,441$825$451$238$123$12
48 years$1,394$788$424$220$111$10
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,340,000, adding $5,759 every year, while hoping to spend $25,501 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: 24/49/27 Blend
41$1,340,000$1,340,000$1,340,000$1,340,000
42$1,482,620$1,411,600$1,390,830$1,505,463
43$1,606,715$1,453,636$1,410,290$1,567,223
44$1,742,612$1,496,877$1,429,548$1,630,814
45$1,891,489$1,541,354$1,448,568$1,698,409
46$2,054,643$1,587,102$1,467,317$1,770,359
47$2,233,500$1,634,154$1,485,755$1,847,047
48$2,429,633$1,682,543$1,503,844$1,928,896
49$2,644,773$1,732,305$1,521,541$2,016,371
50$2,880,828$1,783,477$1,538,800$2,109,981
51$3,139,899$1,836,094$1,555,577$2,210,288
52$3,424,300$1,890,193$1,571,820$2,317,909
53$3,736,580$1,945,814$1,587,477$2,433,524
54$4,079,546$2,002,994$1,602,493$2,557,881
55$4,456,294$2,061,775$1,616,810$2,691,801
56$4,870,229$2,122,195$1,630,366$2,836,190
57$5,325,107$2,184,297$1,643,098$2,992,043
58$5,825,063$2,248,123$1,654,937$3,160,458
59$6,374,653$2,313,715$1,665,811$3,342,641
60$6,978,898$2,381,117$1,675,646$3,539,922
61$7,643,328$2,450,374$1,684,363$3,753,765
62$8,374,036$2,521,530$1,691,877$3,985,781
63$9,177,735$2,594,633$1,698,103$4,237,745
64$10,061,823$2,669,729$1,702,948$4,511,611
65$11,034,448$2,746,865$1,706,316$4,809,534
66$12,104,590$2,826,089$1,708,106$5,133,884
67$13,282,142$2,907,452$1,708,211$5,487,274
68$14,578,006$2,991,002$1,706,521$5,872,582
69$16,004,191$3,076,790$1,702,919$6,292,977
70$17,573,934$3,164,868$1,697,281$6,751,952
71$19,301,815$3,255,286$1,689,481$7,253,355
72$21,203,904$3,348,099$1,679,382$7,801,425
73$23,297,904$3,443,358$1,666,843$8,400,833
74$25,603,326$3,541,118$1,651,718$9,056,724
75$28,141,665$3,641,433$1,633,851$9,774,770
76$30,936,609$3,744,357$1,613,079$10,561,217
77$34,014,259$3,849,946$1,589,233$11,422,951
78$37,403,376$3,958,256$1,562,134$12,367,556
79$41,135,652$4,069,343$1,531,598$13,403,392
80$45,246,010$4,183,262$1,497,428$14,539,671
81$49,772,932$4,300,071$1,459,420$15,786,541
82$54,758,822$4,419,825$1,417,362$17,155,188
83$60,250,409$4,542,583$1,371,030$18,657,938
84$66,299,182$4,668,401$1,320,191$20,308,373
85$72,961,882$4,797,336$1,264,601$22,121,461
86$80,301,033$4,929,445$1,204,004$24,113,696
87$88,385,534$5,064,783$1,138,134$26,303,256
88$97,291,308$5,203,408$1,066,712$28,710,173
89$107,102,021$5,345,375$989,446$31,356,520
90$117,909,867$5,490,738$906,033$34,266,626
91$129,816,442$5,639,553$816,153$37,467,300
92$142,933,700$5,791,872$719,475$40,988,086
93$157,385,012$5,947,748$615,652$44,861,545
94$173,306,328$6,107,232$504,321$49,123,557
95$190,847,462$6,270,375$385,104$53,813,665
96$210,173,504$6,437,224$257,606$58,975,447
97$231,466,379$6,607,826$121,414$64,656,929
98$254,926,566$6,782,226$0$70,911,035
99$280,774,987$6,960,465$0$77,802,985
100$309,255,092$7,142,585$0$85,427,939