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%14.1%
1 years$113,133$112,126$111,142$110,183$109,246$107,392
2 years$56,007$54,964$53,953$52,972$52,022$50,160
3 years$36,967$35,919$34,911$33,940$33,005$31,192
4 years$27,449$26,404$25,406$24,452$23,539$21,791
5 years$21,740$20,701$19,716$18,781$17,894$16,214
6 years$17,935$16,904$15,934$15,020$14,159$12,550
7 years$15,218$14,196$13,241$12,348$11,515$9,977
8 years$13,181$12,169$11,229$10,359$9,553$8,086
9 years$11,598$10,595$9,672$8,823$8,045$6,648
10 years$10,332$9,339$8,432$7,606$6,855$5,527
11 years$9,297$8,314$7,424$6,619$5,895$4,635
12 years$8,435$7,462$6,588$5,806$5,109$3,914
13 years$7,706$6,744$5,886$5,126$4,455$3,324
14 years$7,082$6,130$5,289$4,550$3,905$2,836
15 years$6,542$5,600$4,775$4,058$3,438$2,430
16 years$6,070$5,138$4,329$3,633$3,039$2,088
17 years$5,653$4,732$3,939$3,265$2,694$1,799
18 years$5,284$4,372$3,596$2,942$2,396$1,554
19 years$4,953$4,052$3,292$2,658$2,135$1,345
20 years$4,656$3,765$3,021$2,408$1,907$1,166
21 years$4,388$3,507$2,779$2,185$1,707$1,012
22 years$4,144$3,274$2,561$1,987$1,530$880
23 years$3,922$3,062$2,365$1,809$1,373$766
24 years$3,719$2,869$2,187$1,650$1,234$667
25 years$3,532$2,692$2,026$1,507$1,111$581
26 years$3,360$2,530$1,879$1,378$1,001$507
27 years$3,201$2,381$1,745$1,261$902$443
28 years$3,053$2,244$1,622$1,156$814$386
29 years$2,916$2,117$1,509$1,060$735$338
30 years$2,789$1,999$1,406$973$664$295
31 years$2,670$1,890$1,311$893$600$258
32 years$2,558$1,788$1,223$821$543$226
33 years$2,453$1,693$1,142$755$492$197
34 years$2,355$1,605$1,067$695$445$173
35 years$2,263$1,522$997$639$403$151
36 years$2,176$1,445$933$589$365$132
37 years$2,094$1,372$873$543$331$116
38 years$2,016$1,304$818$500$300$101
39 years$1,943$1,240$766$461$272$89
40 years$1,873$1,180$718$425$247$78
41 years$1,807$1,123$673$392$224$68
42 years$1,744$1,070$632$362$203$60
43 years$1,685$1,019$593$334$184$52
44 years$1,628$972$556$309$167$46
45 years$1,574$926$522$285$152$40
46 years$1,522$884$491$263$138$35
47 years$1,473$843$461$243$125$31
48 years$1,426$805$433$225$114$27
49 years$1,381$769$407$208$103$24
50 years$1,338$734$383$192$94$21

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 $6,750 every year, while hoping to spend $44,115 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: 25/46/29 Blend
41$1,370,000$1,370,000$1,370,000$1,370,000
42$1,516,703$1,444,093$1,422,858$1,540,734
43$1,624,468$1,467,915$1,423,585$1,585,250
44$1,741,747$1,491,426$1,422,859$1,628,773
45$1,869,464$1,514,565$1,420,583$1,674,530
46$2,008,635$1,537,263$1,416,658$1,722,739
47$2,160,378$1,559,452$1,410,978$1,773,642
48$2,325,925$1,581,054$1,403,434$1,827,510
49$2,506,631$1,601,987$1,393,912$1,884,641
50$2,703,989$1,622,166$1,382,289$1,945,370
51$2,919,640$1,641,496$1,368,439$2,010,064
52$3,155,392$1,659,878$1,352,231$2,079,136
53$3,413,236$1,677,207$1,333,526$2,153,040
54$3,695,365$1,693,368$1,312,177$2,232,283
55$4,004,191$1,708,242$1,288,034$2,317,426
56$4,342,372$1,721,699$1,260,936$2,409,091
57$4,712,834$1,733,603$1,230,718$2,507,968
58$5,118,802$1,743,808$1,197,206$2,614,824
59$5,563,823$1,752,159$1,160,216$2,730,507
60$6,051,809$1,758,490$1,119,559$2,855,956
61$6,587,063$1,762,626$1,075,034$2,992,215
62$7,174,330$1,764,381$1,026,434$3,140,437
63$7,818,833$1,763,557$973,541$3,301,901
64$8,526,326$1,759,943$916,126$3,478,022
65$9,303,147$1,753,316$853,952$3,670,368
66$10,156,279$1,743,439$786,770$3,880,673
67$11,093,412$1,730,061$714,320$4,110,858
68$12,123,021$1,712,915$636,331$4,363,047
69$13,254,440$1,691,718$552,519$4,639,590
70$14,497,952$1,666,171$462,587$4,943,087
71$15,864,886$1,635,957$366,227$5,276,415
72$17,367,724$1,600,738$263,115$5,642,751
73$19,020,217$1,560,159$152,914$6,045,613
74$20,837,515$1,513,843$35,273$6,488,887
75$22,836,310$1,461,390$0$6,976,869
76$25,034,994$1,402,379$0$7,542,240
77$27,453,829$1,336,361$0$8,175,777
78$30,115,141$1,262,864$0$8,872,476
79$33,043,529$1,181,388$0$9,638,873
80$36,266,096$1,091,404$0$10,482,176
81$39,812,708$992,352$0$11,410,345
82$43,716,270$883,643$0$12,432,157
83$48,013,038$764,650$0$13,557,299
84$52,742,965$634,715$0$14,796,458
85$57,950,071$493,140$0$16,161,424
86$63,682,863$339,189$0$17,665,204
87$69,994,789$172,083$0$19,322,147
88$76,944,744$0$0$21,148,080
89$84,597,625$0$0$23,165,018
90$93,024,942$0$0$25,482,283
91$102,305,493$0$0$28,034,473
92$112,526,109$0$0$30,845,506
93$123,782,469$0$0$33,941,737
94$136,180,008$0$0$37,352,208
95$149,834,904$0$0$41,108,922
96$164,875,183$0$0$45,247,146
97$181,441,920$0$0$49,805,738
98$199,690,572$0$0$54,827,525
99$219,792,446$0$0$60,359,693
100$241,936,315$0$0$66,454,246