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

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$110,656$109,670$108,709$107,770$106,853$104,144
2 years$54,780$53,760$52,771$51,813$50,883$48,170
3 years$36,157$35,133$34,146$33,197$32,282$29,652
4 years$26,848$25,826$24,850$23,916$23,024$20,496
5 years$21,263$20,248$19,285$18,370$17,502$15,084
6 years$17,542$16,534$15,585$14,691$13,849$11,542
7 years$14,885$13,885$12,951$12,078$11,263$9,068
8 years$12,893$11,902$10,983$10,132$9,344$7,260
9 years$11,344$10,363$9,460$8,630$7,869$5,894
10 years$10,106$9,135$8,248$7,439$6,705$4,837
11 years$9,093$8,132$7,261$6,474$5,766$4,003
12 years$8,250$7,299$6,444$5,679$4,997$3,334
13 years$7,538$6,596$5,757$5,014$4,357$2,792
14 years$6,927$5,996$5,173$4,451$3,820$2,349
15 years$6,399$5,477$4,670$3,969$3,363$1,983
16 years$5,937$5,025$4,234$3,554$2,972$1,679
17 years$5,529$4,628$3,853$3,193$2,635$1,425
18 years$5,168$4,276$3,517$2,878$2,343$1,212
19 years$4,845$3,963$3,220$2,600$2,089$1,033
20 years$4,554$3,683$2,955$2,355$1,866$881
21 years$4,292$3,430$2,718$2,137$1,670$753
22 years$4,053$3,202$2,505$1,943$1,496$644
23 years$3,836$2,995$2,313$1,770$1,343$551
24 years$3,637$2,806$2,139$1,614$1,207$472
25 years$3,455$2,633$1,981$1,474$1,086$405
26 years$3,286$2,475$1,838$1,348$979$347
27 years$3,131$2,329$1,706$1,234$882$298
28 years$2,987$2,195$1,586$1,130$796$256
29 years$2,853$2,071$1,476$1,037$719$220
30 years$2,728$1,955$1,375$951$650$189
31 years$2,611$1,849$1,282$874$587$162
32 years$2,502$1,749$1,196$803$531$139
33 years$2,400$1,656$1,117$738$481$120
34 years$2,304$1,570$1,043$679$435$103
35 years$2,213$1,489$976$625$394$89
36 years$2,128$1,413$913$576$357$76
37 years$2,048$1,342$854$531$324$65
38 years$1,972$1,276$800$489$294$56
39 years$1,900$1,213$749$451$266$48
40 years$1,832$1,154$702$416$241$42
41 years$1,767$1,099$659$384$219$36
42 years$1,706$1,046$618$354$199$31
43 years$1,648$997$580$327$180$27
44 years$1,592$950$544$302$164$23
45 years$1,539$906$511$279$149$20
46 years$1,489$864$480$258$135$17
47 years$1,441$825$451$238$123$15
48 years$1,394$788$424$220$111$13
49 years$1,350$752$398$203$101$11
50 years$1,308$718$374$188$92$9

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 $4,541 every year, while hoping to spend $39,784 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: 52/21/27 Blend
41$1,340,000$1,340,000$1,340,000$1,340,000
42$1,481,364$1,410,344$1,389,574$1,546,980
43$1,590,133$1,437,121$1,393,795$1,619,789
44$1,708,664$1,463,877$1,396,824$1,694,547
45$1,837,909$1,490,568$1,398,579$1,775,078
46$1,978,918$1,517,148$1,398,974$1,861,951
47$2,132,847$1,543,568$1,397,919$1,955,790
48$2,300,967$1,569,773$1,395,319$2,057,285
49$2,484,678$1,595,704$1,391,074$2,167,200
50$2,685,522$1,621,300$1,385,082$2,286,374
51$2,905,195$1,646,494$1,377,232$2,415,735
52$3,145,566$1,671,213$1,367,410$2,556,306
53$3,408,692$1,695,381$1,355,497$2,709,215
54$3,696,839$1,718,914$1,341,366$2,875,707
55$4,012,501$1,741,726$1,324,886$3,057,156
56$4,358,426$1,763,720$1,305,920$3,255,078
57$4,737,640$1,784,797$1,284,323$3,471,143
58$5,153,475$1,804,848$1,259,944$3,707,197
59$5,609,602$1,823,758$1,232,625$3,965,272
60$6,110,064$1,841,405$1,202,200$4,247,613
61$6,659,315$1,857,658$1,168,498$4,556,694
62$7,262,258$1,872,376$1,131,336$4,895,246
63$7,924,298$1,885,412$1,090,525$5,266,279
64$8,651,387$1,896,608$1,045,868$5,673,115
65$9,450,081$1,905,795$997,157$6,119,415
66$10,327,604$1,912,793$944,177$6,609,219
67$11,291,913$1,917,414$886,701$7,146,984
68$12,351,775$1,919,454$824,492$7,737,620
69$13,516,848$1,918,699$757,304$8,386,548
70$14,797,772$1,914,920$684,879$9,099,743
71$16,206,269$1,907,876$606,947$9,883,793
72$17,755,255$1,897,309$523,226$10,745,964
73$19,458,961$1,882,946$433,424$11,694,270
74$21,333,063$1,864,499$337,232$12,737,545
75$23,394,836$1,841,660$234,330$13,885,530
76$25,663,314$1,814,105$124,384$15,148,969
77$28,159,465$1,781,490$7,044$16,539,704
78$30,906,396$1,743,448$0$18,070,794
79$33,929,566$1,699,595$0$19,790,683
80$37,257,027$1,649,520$0$21,685,579
81$40,919,688$1,592,791$0$23,771,065
82$44,951,608$1,528,950$0$26,066,558
83$49,390,314$1,457,510$0$28,593,453
84$54,277,158$1,377,960$0$31,375,333
85$59,657,704$1,289,757$0$34,438,188
86$65,582,161$1,192,326$0$37,810,662
87$72,105,852$1,085,061$0$41,524,323
88$79,289,741$967,321$0$45,613,963
89$87,201,003$838,428$0$50,117,926
90$95,913,661$697,666$0$55,078,471
91$105,509,281$544,279$0$60,542,172
92$116,077,747$377,467$0$66,560,357
93$127,718,101$196,387$0$73,189,596
94$140,539,484$147$0$80,492,233
95$154,662,164$0$0$88,536,977
96$170,218,669$0$0$97,448,586
97$187,355,037$0$0$107,265,465
98$206,232,198$0$0$118,079,794
99$227,027,488$0$0$129,993,193
100$249,936,325$0$0$143,117,640