Can I retire at age 42 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$112,308$111,307$110,331$109,379$108,448$105,357
2 years$55,598$54,562$53,559$52,586$51,642$48,552
3 years$36,697$35,657$34,656$33,692$32,764$29,771
4 years$27,248$26,212$25,221$24,273$23,367$20,495
5 years$21,581$20,550$19,572$18,644$17,764$15,020
6 years$17,804$16,781$15,817$14,910$14,056$11,443
7 years$15,107$14,093$13,144$12,258$11,431$8,950
8 years$13,085$12,080$11,147$10,283$9,483$7,132
9 years$11,513$10,518$9,601$8,759$7,986$5,762
10 years$10,257$9,271$8,371$7,550$6,805$4,705
11 years$9,229$8,253$7,369$6,571$5,852$3,873
12 years$8,374$7,408$6,540$5,764$5,071$3,210
13 years$7,650$6,694$5,843$5,088$4,422$2,674
14 years$7,031$6,085$5,250$4,517$3,877$2,237
15 years$6,494$5,559$4,740$4,028$3,413$1,878
16 years$6,025$5,100$4,298$3,607$3,017$1,581
17 years$5,612$4,697$3,911$3,241$2,675$1,334
18 years$5,245$4,340$3,570$2,921$2,378$1,128
19 years$4,917$4,022$3,268$2,639$2,120$955
20 years$4,622$3,738$2,999$2,390$1,893$810
21 years$4,356$3,482$2,759$2,169$1,694$688
22 years$4,114$3,250$2,543$1,972$1,519$585
23 years$3,893$3,040$2,348$1,796$1,363$497
24 years$3,692$2,848$2,171$1,638$1,225$423
25 years$3,506$2,673$2,011$1,496$1,103$361
26 years$3,335$2,512$1,865$1,368$993$307
27 years$3,178$2,364$1,732$1,252$896$262
28 years$3,031$2,228$1,610$1,147$808$224
29 years$2,895$2,101$1,498$1,052$730$191
30 years$2,768$1,985$1,396$966$659$163
31 years$2,650$1,876$1,301$887$596$139
32 years$2,539$1,775$1,214$815$539$119
33 years$2,436$1,681$1,133$749$488$101
34 years$2,338$1,593$1,059$690$442$86
35 years$2,246$1,511$990$635$400$74
36 years$2,160$1,434$926$585$363$63
37 years$2,078$1,362$867$539$329$54
38 years$2,001$1,295$812$496$298$46
39 years$1,928$1,231$761$458$270$39
40 years$1,859$1,171$713$422$245$34
41 years$1,794$1,115$668$390$222$29
42 years$1,731$1,062$627$360$202$25
43 years$1,672$1,012$588$332$183$21
44 years$1,616$964$552$306$166$18
45 years$1,562$920$519$283$151$15
46 years$1,511$877$487$261$137$13
47 years$1,462$837$458$242$124$11
48 years$1,415$799$430$223$113$10
49 years$1,371$763$404$206$103$8
50 years$1,328$729$380$191$93$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,360,000, adding $5,432 every year, while hoping to spend $37,491 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: 43/28/29 Blend
41$1,360,000$1,360,000$1,360,000$1,360,000
42$1,504,323$1,432,243$1,411,163$1,556,087
43$1,617,874$1,462,533$1,418,547$1,624,065
44$1,741,750$1,493,050$1,424,922$1,693,724
45$1,876,966$1,523,767$1,430,214$1,768,493
46$2,024,637$1,554,652$1,434,346$1,848,868
47$2,185,991$1,585,671$1,437,238$1,935,398
48$2,362,381$1,616,788$1,438,804$2,028,686
49$2,555,295$1,647,962$1,438,955$2,129,401
50$2,766,373$1,679,149$1,437,598$2,238,278
51$2,997,420$1,710,304$1,434,634$2,356,130
52$3,250,423$1,741,376$1,429,961$2,483,852
53$3,527,571$1,772,308$1,423,470$2,622,433
54$3,831,275$1,803,043$1,415,048$2,772,965
55$4,164,189$1,833,516$1,404,576$2,936,651
56$4,529,238$1,863,660$1,391,931$3,114,819
57$4,929,641$1,893,400$1,376,981$3,308,935
58$5,368,945$1,922,658$1,359,591$3,520,616
59$5,851,058$1,951,348$1,339,617$3,751,645
60$6,380,282$1,979,380$1,316,911$4,003,990
61$6,961,358$2,006,657$1,291,314$4,279,822
62$7,599,508$2,033,075$1,262,665$4,581,536
63$8,300,484$2,058,522$1,230,790$4,911,774
64$9,070,623$2,082,879$1,195,512$5,273,450
65$9,916,907$2,106,020$1,156,641$5,669,779
66$10,847,025$2,127,808$1,113,982$6,104,306
67$11,869,451$2,148,100$1,067,330$6,580,944
68$12,993,519$2,166,742$1,016,470$7,104,004
69$14,229,514$2,183,568$961,178$7,678,247
70$15,588,766$2,198,405$901,219$8,308,919
71$17,083,759$2,211,065$836,348$9,001,807
72$18,728,247$2,221,351$766,310$9,763,296
73$20,537,383$2,229,053$690,837$10,600,423
74$22,527,866$2,233,946$609,649$11,520,951
75$24,718,091$2,235,792$522,456$12,533,441
76$27,128,329$2,234,339$428,951$13,647,333
77$29,780,915$2,229,318$328,817$14,873,037
78$32,700,458$2,220,444$221,722$16,222,030
79$35,914,074$2,207,415$107,319$17,706,969
80$39,451,640$2,189,910$0$19,341,809
81$43,346,080$2,167,588$0$21,146,510
82$47,633,670$2,140,089$0$23,169,201
83$52,354,382$2,107,031$0$25,395,469
84$57,552,262$2,068,009$0$27,846,065
85$63,275,845$2,022,593$0$30,543,860
86$69,578,610$1,970,329$0$33,514,063
87$76,519,489$1,910,736$0$36,784,457
88$84,163,419$1,843,305$0$40,385,660
89$92,581,957$1,767,496$0$44,351,423
90$101,853,953$1,682,739$0$48,718,940
91$112,066,294$1,588,432$0$53,529,205
92$123,314,726$1,483,935$0$58,827,400
93$135,704,755$1,368,574$0$64,663,321
94$149,352,643$1,241,637$0$71,091,848
95$164,386,504$1,102,369$0$78,173,467
96$180,947,515$949,973$0$85,974,841
97$199,191,248$783,608$0$94,569,440
98$219,289,134$602,384$0$104,038,237
99$241,430,087$405,362$0$114,470,472
100$265,822,281$191,550$0$125,964,497