Can I retire at age 42 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$111,482$110,489$109,520$108,574$107,651$103,584
2 years$55,189$54,161$53,165$52,199$51,262$47,213
3 years$36,427$35,395$34,401$33,445$32,523$28,617
4 years$27,048$26,019$25,035$24,095$23,196$19,464
5 years$21,422$20,399$19,428$18,507$17,633$14,085
6 years$17,673$16,657$15,701$14,800$13,952$10,590
7 years$14,996$13,989$13,048$12,168$11,347$8,170
8 years$12,989$11,991$11,065$10,208$9,413$6,419
9 years$11,429$10,440$9,531$8,695$7,927$5,110
10 years$10,181$9,203$8,309$7,495$6,755$4,110
11 years$9,161$8,193$7,315$6,523$5,809$3,332
12 years$8,312$7,353$6,492$5,721$5,034$2,717
13 years$7,594$6,645$5,800$5,051$4,390$2,227
14 years$6,979$6,040$5,211$4,484$3,848$1,832
15 years$6,446$5,518$4,705$3,999$3,388$1,512
16 years$5,981$5,063$4,266$3,580$2,994$1,251
17 years$5,571$4,662$3,882$3,217$2,655$1,037
18 years$5,206$4,308$3,544$2,899$2,361$861
19 years$4,881$3,993$3,244$2,620$2,104$717
20 years$4,588$3,710$2,977$2,373$1,880$597
21 years$4,324$3,456$2,738$2,153$1,682$497
22 years$4,084$3,226$2,524$1,958$1,508$415
23 years$3,865$3,017$2,330$1,783$1,353$346
24 years$3,665$2,827$2,155$1,626$1,216$289
25 years$3,481$2,653$1,996$1,485$1,095$242
26 years$3,311$2,493$1,851$1,358$986$202
27 years$3,154$2,347$1,719$1,243$889$169
28 years$3,009$2,211$1,598$1,139$802$141
29 years$2,874$2,086$1,487$1,044$724$118
30 years$2,748$1,970$1,385$958$654$99
31 years$2,631$1,862$1,291$880$592$83
32 years$2,521$1,762$1,205$809$535$69
33 years$2,418$1,669$1,125$744$484$58
34 years$2,321$1,582$1,051$684$439$49
35 years$2,230$1,500$983$630$397$41
36 years$2,144$1,424$919$580$360$34
37 years$2,063$1,352$861$535$326$28
38 years$1,987$1,285$806$493$296$24
39 years$1,914$1,222$755$454$268$20
40 years$1,846$1,163$708$419$243$17
41 years$1,781$1,107$664$387$221$14
42 years$1,719$1,054$622$357$200$12
43 years$1,660$1,004$584$329$182$10
44 years$1,604$957$548$304$165$8
45 years$1,551$913$515$281$150$7
46 years$1,500$871$484$259$136$6
47 years$1,451$831$454$240$123$5
48 years$1,405$793$427$222$112$4
49 years$1,361$758$401$205$102$3
50 years$1,318$724$377$189$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,350,000, adding $2,296 every year, while hoping to spend $39,516 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: 27/46/27 Blend
41$1,350,000$1,350,000$1,350,000$1,350,000
42$1,490,068$1,418,518$1,397,593$1,517,698
43$1,600,011$1,445,981$1,402,368$1,567,620
44$1,719,843$1,473,465$1,405,978$1,617,623
45$1,850,531$1,500,929$1,408,343$1,670,502
46$1,993,141$1,528,331$1,409,378$1,726,528
47$2,148,843$1,555,621$1,408,994$1,786,003
48$2,318,928$1,582,749$1,407,099$1,849,260
49$2,504,815$1,609,660$1,403,592$1,916,668
50$2,708,067$1,636,294$1,398,374$1,988,633
51$2,930,405$1,662,588$1,391,334$2,065,609
52$3,173,724$1,688,472$1,382,362$2,148,093
53$3,440,111$1,713,875$1,371,338$2,236,639
54$3,731,864$1,738,716$1,358,139$2,331,857
55$4,051,512$1,762,911$1,342,635$2,434,424
56$4,401,843$1,786,370$1,324,690$2,545,088
57$4,785,926$1,808,997$1,304,162$2,664,675
58$5,207,140$1,830,688$1,280,902$2,794,100
59$5,669,210$1,851,333$1,254,753$2,934,375
60$6,176,235$1,870,814$1,225,553$3,086,616
61$6,732,733$1,889,006$1,193,131$3,252,060
62$7,343,679$1,905,775$1,157,308$3,432,073
63$8,014,554$1,920,978$1,117,898$3,628,165
64$8,751,396$1,934,463$1,074,705$3,842,005
65$9,560,855$1,946,068$1,027,524$4,075,437
66$10,450,259$1,955,623$976,143$4,330,497
67$11,427,680$1,962,942$920,338$4,609,438
68$12,502,009$1,967,832$859,875$4,914,747
69$13,683,044$1,970,086$794,511$5,249,171
70$14,981,579$1,969,484$723,991$5,615,743
71$16,409,504$1,965,793$648,049$6,017,817
72$17,979,921$1,958,765$566,407$6,459,092
73$19,707,265$1,948,137$478,774$6,943,656
74$21,607,441$1,933,630$384,847$7,476,023
75$23,697,970$1,914,948$284,309$8,061,175
76$25,998,160$1,891,777$176,831$8,704,612
77$28,529,284$1,863,786$62,067$9,412,410
78$31,314,781$1,830,622$0$10,191,270
79$34,380,477$1,791,911$0$11,065,995
80$37,754,830$1,747,258$0$12,047,564
81$41,469,193$1,696,245$0$13,127,202
82$45,558,118$1,638,428$0$14,314,976
83$50,059,675$1,573,339$0$15,621,984
84$55,015,810$1,500,481$0$17,060,469
85$60,472,748$1,419,330$0$18,643,929
86$66,481,421$1,329,331$0$20,387,250
87$73,097,954$1,229,895$0$22,306,846
88$80,384,188$1,120,403$0$24,420,818
89$88,408,272$1,000,199$0$26,749,124
90$97,245,296$868,589$0$29,313,772
91$106,978,006$724,840$0$32,139,027
92$117,697,585$568,180$0$35,251,645
93$129,504,507$397,789$0$38,681,125
94$142,509,491$212,804$0$42,459,992
95$156,834,542$12,315$0$46,624,107
96$172,614,104$0$0$51,213,006
97$189,996,329$0$0$56,373,866
98$209,144,471$0$0$62,066,238
99$230,238,432$0$0$68,337,413
100$253,476,456$0$0$75,246,372