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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$111,482$110,489$109,520$108,574$107,651$105,006
2 years$55,189$54,161$53,165$52,199$51,262$48,614
3 years$36,427$35,395$34,401$33,445$32,523$29,954
4 years$27,048$26,019$25,035$24,095$23,196$20,726
5 years$21,422$20,399$19,428$18,507$17,633$15,269
6 years$17,673$16,657$15,701$14,800$13,952$11,697
7 years$14,996$13,989$13,048$12,168$11,347$9,200
8 years$12,989$11,991$11,065$10,208$9,413$7,374
9 years$11,429$10,440$9,531$8,695$7,927$5,994
10 years$10,181$9,203$8,309$7,495$6,755$4,925
11 years$9,161$8,193$7,315$6,523$5,809$4,081
12 years$8,312$7,353$6,492$5,721$5,034$3,404
13 years$7,594$6,645$5,800$5,051$4,390$2,854
14 years$6,979$6,040$5,211$4,484$3,848$2,404
15 years$6,446$5,518$4,705$3,999$3,388$2,033
16 years$5,981$5,063$4,266$3,580$2,994$1,724
17 years$5,571$4,662$3,882$3,217$2,655$1,465
18 years$5,206$4,308$3,544$2,899$2,361$1,248
19 years$4,881$3,993$3,244$2,620$2,104$1,065
20 years$4,588$3,710$2,977$2,373$1,880$910
21 years$4,324$3,456$2,738$2,153$1,682$779
22 years$4,084$3,226$2,524$1,958$1,508$667
23 years$3,865$3,017$2,330$1,783$1,353$572
24 years$3,665$2,827$2,155$1,626$1,216$491
25 years$3,481$2,653$1,996$1,485$1,095$421
26 years$3,311$2,493$1,851$1,358$986$362
27 years$3,154$2,347$1,719$1,243$889$311
28 years$3,009$2,211$1,598$1,139$802$268
29 years$2,874$2,086$1,487$1,044$724$230
30 years$2,748$1,970$1,385$958$654$198
31 years$2,631$1,862$1,291$880$592$170
32 years$2,521$1,762$1,205$809$535$147
33 years$2,418$1,669$1,125$744$484$126
34 years$2,321$1,582$1,051$684$439$109
35 years$2,230$1,500$983$630$397$94
36 years$2,144$1,424$919$580$360$81
37 years$2,063$1,352$861$535$326$70
38 years$1,987$1,285$806$493$296$60
39 years$1,914$1,222$755$454$268$52
40 years$1,846$1,163$708$419$243$44
41 years$1,781$1,107$664$387$221$38
42 years$1,719$1,054$622$357$200$33
43 years$1,660$1,004$584$329$182$28
44 years$1,604$957$548$304$165$25
45 years$1,551$913$515$281$150$21
46 years$1,500$871$484$259$136$18
47 years$1,451$831$454$240$123$16
48 years$1,405$793$427$222$112$14
49 years$1,361$758$401$205$102$12
50 years$1,318$724$377$189$92$10

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 $6,708 every year, while hoping to spend $50,782 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: 80/7/13 Blend
41$1,350,000$1,350,000$1,350,000$1,350,000
42$1,494,619$1,423,069$1,402,144$1,609,919
43$1,593,039$1,438,768$1,395,084$1,702,338
44$1,699,795$1,453,534$1,386,086$1,796,482
45$1,815,685$1,467,268$1,375,031$1,898,330
46$1,941,585$1,479,864$1,361,794$2,008,632
47$2,078,458$1,491,209$1,346,246$2,128,211
48$2,227,366$1,501,183$1,328,250$2,257,975
49$2,389,475$1,509,659$1,307,664$2,398,924
50$2,566,069$1,516,500$1,284,339$2,552,161
51$2,758,561$1,521,561$1,258,117$2,718,899
52$2,968,505$1,524,689$1,228,835$2,900,477
53$3,197,614$1,525,720$1,196,323$3,098,368
54$3,447,772$1,524,481$1,160,400$3,314,197
55$3,721,051$1,520,788$1,120,880$3,549,753
56$4,019,736$1,514,443$1,077,567$3,807,009
57$4,346,339$1,505,241$1,030,256$4,088,138
58$4,703,628$1,492,961$978,732$4,395,535
59$5,094,651$1,477,368$922,772$4,731,839
60$5,522,762$1,458,217$862,142$5,099,960
61$5,991,657$1,435,243$796,597$5,503,102
62$6,505,405$1,408,168$725,882$5,944,799
63$7,068,487$1,376,699$649,730$6,428,944
64$7,685,839$1,340,524$567,862$6,959,829
65$8,362,896$1,299,311$479,987$7,542,181
66$9,105,646$1,252,711$385,801$8,181,214
67$9,920,683$1,200,355$284,986$8,882,672
68$10,815,270$1,141,851$177,211$9,652,884
69$11,797,410$1,076,784$62,130$10,498,830
70$12,875,917$1,004,717$0$11,428,198
71$14,060,498$925,186$0$12,457,881
72$15,361,851$837,702$0$13,598,548
73$16,791,759$741,748$0$14,851,920
74$18,363,201$636,777$0$16,229,402
75$20,090,479$522,211$0$17,743,557
76$21,989,348$397,439$0$19,408,231
77$24,077,165$261,817$0$21,238,679
78$26,373,054$114,664$0$23,251,709
79$28,898,084$0$0$25,465,844
80$31,675,468$0$0$27,904,939
81$34,730,784$0$0$30,597,871
82$38,092,212$0$0$33,560,650
83$41,790,800$0$0$36,820,650
84$45,860,759$0$0$40,408,030
85$50,339,785$0$0$44,356,019
86$55,269,409$0$0$48,701,235
87$60,695,396$0$0$53,484,021
88$66,668,173$0$0$58,748,831
89$73,243,300$0$0$64,544,650
90$80,482,002$0$0$70,925,451
91$88,451,740$0$0$77,950,706
92$97,226,850$0$0$85,685,950
93$106,889,241$0$0$94,203,393
94$117,529,172$0$0$103,582,605
95$129,246,098$0$0$113,911,268
96$142,149,612$0$0$125,285,995
97$156,360,478$0$0$137,813,252
98$172,011,768$0$0$151,610,353
99$189,250,119$0$0$166,806,574
100$208,237,116$0$0$183,544,366