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%19.2%
1 years$110,656$109,670$108,709$107,770$106,853$102,899
2 years$54,780$53,760$52,771$51,813$50,883$46,943
3 years$36,157$35,133$34,146$33,197$32,282$28,481
4 years$26,848$25,826$24,850$23,916$23,024$19,391
5 years$21,263$20,248$19,285$18,370$17,502$14,047
6 years$17,542$16,534$15,585$14,691$13,849$10,573
7 years$14,885$13,885$12,951$12,078$11,263$8,166
8 years$12,893$11,902$10,983$10,132$9,344$6,423
9 years$11,344$10,363$9,460$8,630$7,869$5,120
10 years$10,106$9,135$8,248$7,439$6,705$4,124
11 years$9,093$8,132$7,261$6,474$5,766$3,347
12 years$8,250$7,299$6,444$5,679$4,997$2,733
13 years$7,538$6,596$5,757$5,014$4,357$2,243
14 years$6,927$5,996$5,173$4,451$3,820$1,848
15 years$6,399$5,477$4,670$3,969$3,363$1,527
16 years$5,937$5,025$4,234$3,554$2,972$1,265
17 years$5,529$4,628$3,853$3,193$2,635$1,051
18 years$5,168$4,276$3,517$2,878$2,343$874
19 years$4,845$3,963$3,220$2,600$2,089$728
20 years$4,554$3,683$2,955$2,355$1,866$607
21 years$4,292$3,430$2,718$2,137$1,670$507
22 years$4,053$3,202$2,505$1,943$1,496$423
23 years$3,836$2,995$2,313$1,770$1,343$354
24 years$3,637$2,806$2,139$1,614$1,207$296
25 years$3,455$2,633$1,981$1,474$1,086$248
26 years$3,286$2,475$1,838$1,348$979$208
27 years$3,131$2,329$1,706$1,234$882$174
28 years$2,987$2,195$1,586$1,130$796$146
29 years$2,853$2,071$1,476$1,037$719$122
30 years$2,728$1,955$1,375$951$650$102
31 years$2,611$1,849$1,282$874$587$86
32 years$2,502$1,749$1,196$803$531$72
33 years$2,400$1,656$1,117$738$481$60
34 years$2,304$1,570$1,043$679$435$51
35 years$2,213$1,489$976$625$394$42
36 years$2,128$1,413$913$576$357$36
37 years$2,048$1,342$854$531$324$30
38 years$1,972$1,276$800$489$294$25
39 years$1,900$1,213$749$451$266$21
40 years$1,832$1,154$702$416$241$18
41 years$1,767$1,099$659$384$219$15
42 years$1,706$1,046$618$354$199$12
43 years$1,648$997$580$327$180$10
44 years$1,592$950$544$302$164$9
45 years$1,539$906$511$279$149$7
46 years$1,489$864$480$258$135$6
47 years$1,441$825$451$238$123$5
48 years$1,394$788$424$220$111$4
49 years$1,350$752$398$203$101$4
50 years$1,308$718$374$188$92$3

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 $2,251 every year, while hoping to spend $38,172 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: 76/11/13 Blend
41$1,340,000$1,340,000$1,340,000$1,340,000
42$1,479,002$1,407,982$1,387,212$1,587,337
43$1,589,245$1,436,358$1,393,069$1,687,476
44$1,709,454$1,464,846$1,397,843$1,792,194
45$1,840,605$1,493,409$1,401,457$1,905,932
46$1,983,772$1,522,012$1,403,830$2,029,575
47$2,140,137$1,550,611$1,404,880$2,164,098
48$2,311,004$1,579,164$1,404,516$2,310,574
49$2,497,805$1,607,621$1,402,645$2,470,187
50$2,702,119$1,635,932$1,399,172$2,644,238
51$2,925,683$1,664,041$1,393,992$2,834,164
52$3,170,411$1,691,887$1,386,999$3,041,545
53$3,438,410$1,719,407$1,378,081$3,268,124
54$3,732,000$1,746,530$1,367,119$3,515,821
55$4,053,737$1,773,183$1,353,990$3,786,751
56$4,406,435$1,799,286$1,338,566$4,083,244
57$4,793,194$1,824,753$1,320,710$4,407,869
58$5,217,427$1,849,493$1,300,281$4,763,455
59$5,682,894$1,873,409$1,277,130$5,153,120
60$6,193,738$1,896,394$1,251,103$5,580,301
61$6,754,520$1,918,339$1,222,036$6,048,783
62$7,370,266$1,939,122$1,189,759$6,562,740
63$8,046,512$1,958,618$1,154,095$7,126,769
64$8,789,357$1,976,691$1,114,857$7,745,937
65$9,605,517$1,993,195$1,071,851$8,425,828
66$10,502,395$2,007,976$1,024,873$9,172,596
67$11,488,144$2,020,871$973,711$9,993,022
68$12,571,745$2,031,705$918,141$10,894,579
69$13,763,096$2,040,292$857,932$11,885,504
70$15,073,100$2,046,434$792,840$12,974,871
71$16,513,768$2,049,921$722,612$14,172,684
72$18,098,336$2,050,530$646,983$15,489,966
73$19,841,384$2,048,024$565,675$16,938,865
74$21,758,979$2,042,152$478,400$18,532,770
75$23,868,824$2,032,645$384,854$20,286,433
76$26,190,420$2,019,222$284,723$22,216,116
77$28,745,260$2,001,580$177,678$24,339,738
78$31,557,020$1,979,401$63,374$26,677,047
79$34,651,792$1,952,348$0$29,249,809
80$38,058,324$1,920,062$0$32,090,138
81$41,808,291$1,882,163$0$35,226,247
82$45,936,597$1,838,250$0$38,678,524
83$50,481,702$1,787,896$0$42,479,128
84$55,485,985$1,730,652$0$46,663,501
85$60,996,141$1,666,040$0$51,270,697
86$67,063,627$1,593,556$0$56,343,752
87$73,745,142$1,512,665$0$61,930,092
88$81,103,163$1,422,802$0$68,081,977
89$89,206,538$1,323,371$0$74,856,998
90$98,131,128$1,213,739$0$82,318,620
91$107,960,530$1,093,240$0$90,536,777
92$118,786,863$961,167$0$99,588,540
93$130,711,633$816,775$0$109,558,837
94$143,846,698$659,275$0$120,541,259
95$158,315,318$487,836$0$132,638,942
96$174,253,319$301,579$0$145,965,543
97$191,810,376$99,575$0$160,646,308
98$211,151,425$0$0$176,819,262
99$232,458,216$0$0$194,650,929
100$255,931,035$0$0$214,308,704