Can I retire at age 42 with 1,370,000?

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 $1,370,000?

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$113,133$112,126$111,142$110,183$109,246$105,202
2 years$56,007$54,964$53,953$52,972$52,022$47,994
3 years$36,967$35,919$34,911$33,940$33,005$29,119
4 years$27,449$26,404$25,406$24,452$23,539$19,825
5 years$21,740$20,701$19,716$18,781$17,894$14,361
6 years$17,935$16,904$15,934$15,020$14,159$10,810
7 years$15,218$14,196$13,241$12,348$11,515$8,349
8 years$13,181$12,169$11,229$10,359$9,553$6,567
9 years$11,598$10,595$9,672$8,823$8,045$5,235
10 years$10,332$9,339$8,432$7,606$6,855$4,216
11 years$9,297$8,314$7,424$6,619$5,895$3,422
12 years$8,435$7,462$6,588$5,806$5,109$2,794
13 years$7,706$6,744$5,886$5,126$4,455$2,293
14 years$7,082$6,130$5,289$4,550$3,905$1,889
15 years$6,542$5,600$4,775$4,058$3,438$1,561
16 years$6,070$5,138$4,329$3,633$3,039$1,294
17 years$5,653$4,732$3,939$3,265$2,694$1,074
18 years$5,284$4,372$3,596$2,942$2,396$894
19 years$4,953$4,052$3,292$2,658$2,135$744
20 years$4,656$3,765$3,021$2,408$1,907$621
21 years$4,388$3,507$2,779$2,185$1,707$518
22 years$4,144$3,274$2,561$1,987$1,530$433
23 years$3,922$3,062$2,365$1,809$1,373$362
24 years$3,719$2,869$2,187$1,650$1,234$303
25 years$3,532$2,692$2,026$1,507$1,111$253
26 years$3,360$2,530$1,879$1,378$1,001$212
27 years$3,201$2,381$1,745$1,261$902$178
28 years$3,053$2,244$1,622$1,156$814$149
29 years$2,916$2,117$1,509$1,060$735$125
30 years$2,789$1,999$1,406$973$664$105
31 years$2,670$1,890$1,311$893$600$88
32 years$2,558$1,788$1,223$821$543$73
33 years$2,453$1,693$1,142$755$492$62
34 years$2,355$1,605$1,067$695$445$52
35 years$2,263$1,522$997$639$403$43
36 years$2,176$1,445$933$589$365$36
37 years$2,094$1,372$873$543$331$30
38 years$2,016$1,304$818$500$300$26
39 years$1,943$1,240$766$461$272$21
40 years$1,873$1,180$718$425$247$18
41 years$1,807$1,123$673$392$224$15
42 years$1,744$1,070$632$362$203$13
43 years$1,685$1,019$593$334$184$11
44 years$1,628$972$556$309$167$9
45 years$1,574$926$522$285$152$7
46 years$1,522$884$491$263$138$6
47 years$1,473$843$461$243$125$5
48 years$1,426$805$433$225$114$4
49 years$1,381$769$407$208$103$4
50 years$1,338$734$383$192$94$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,370,000, adding $2,854 every year, while hoping to spend $36,607 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: 67/14/19 Blend
41$1,370,000$1,370,000$1,370,000$1,370,000
42$1,512,684$1,440,074$1,418,839$1,606,734
43$1,628,028$1,471,688$1,427,420$1,701,643
44$1,753,910$1,503,624$1,435,063$1,800,878
45$1,891,367$1,535,860$1,441,695$1,908,507
46$2,041,539$1,568,369$1,447,244$2,025,356
47$2,205,682$1,601,126$1,451,633$2,152,331
48$2,385,179$1,634,098$1,454,780$2,290,434
49$2,581,552$1,667,253$1,456,599$2,440,767
50$2,796,476$1,700,555$1,457,002$2,604,545
51$3,031,799$1,733,964$1,455,894$2,783,106
52$3,289,552$1,767,438$1,453,176$2,977,926
53$3,571,974$1,800,930$1,448,745$3,190,631
54$3,881,530$1,834,390$1,442,492$3,423,011
55$4,220,935$1,867,764$1,434,305$3,677,042
56$4,593,179$1,900,994$1,424,063$3,954,899
57$5,001,556$1,934,015$1,411,642$4,258,980
58$5,449,694$1,966,760$1,396,910$4,591,928
59$5,941,588$1,999,157$1,379,732$4,956,657
60$6,481,639$2,031,125$1,359,963$5,356,376
61$7,074,698$2,062,581$1,337,452$5,794,624
62$7,726,104$2,093,435$1,312,044$6,275,300
63$8,441,742$2,123,588$1,283,573$6,802,702
64$9,228,093$2,152,938$1,251,866$7,381,567
65$10,092,299$2,181,372$1,216,744$8,017,116
66$11,042,227$2,208,773$1,178,018$8,715,103
67$12,086,543$2,235,012$1,135,491$9,481,871
68$13,234,797$2,259,954$1,088,957$10,324,409
69$14,497,509$2,283,455$1,038,200$11,250,421
70$15,886,270$2,305,359$982,994$12,268,399
71$17,413,850$2,325,501$923,104$13,387,701
72$19,094,318$2,343,707$858,285$14,618,642
73$20,943,179$2,359,789$788,278$15,972,591
74$22,977,513$2,373,548$712,814$17,462,077
75$25,216,140$2,384,773$631,614$19,100,910
76$27,679,797$2,393,237$544,384$20,904,311
77$30,391,332$2,398,702$450,817$22,889,053
78$33,375,922$2,400,913$350,594$25,073,627
79$36,661,308$2,399,599$243,380$27,478,409
80$40,278,056$2,394,474$128,828$30,125,858
81$44,259,847$2,385,232$6,573$33,040,725
82$48,643,793$2,371,551$0$36,250,290
83$53,470,790$2,353,087$0$39,809,737
84$58,785,898$2,329,475$0$43,730,140
85$64,638,772$2,300,332$0$48,046,768
86$71,084,125$2,265,246$0$52,799,959
87$78,182,248$2,223,786$0$58,034,164
88$85,999,577$2,175,491$0$63,798,367
89$94,609,320$2,119,877$0$70,146,549
90$104,092,148$2,056,427$0$77,138,195
91$114,536,953$1,984,598$0$84,838,858
92$126,041,691$1,903,813$0$93,320,778
93$138,714,305$1,813,461$0$102,663,563
94$152,673,741$1,712,897$0$112,954,940
95$168,051,072$1,601,439$0$124,291,585
96$184,990,737$1,478,364$0$136,780,036
97$203,651,898$1,342,911$0$150,537,696
98$224,209,950$1,194,271$0$165,693,947
99$246,858,167$1,031,593$0$182,391,366
100$271,809,536$853,976$0$200,787,074