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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$113,133$112,126$111,142$110,183$109,246$106,518
2 years$56,007$54,964$53,953$52,972$52,022$49,291
3 years$36,967$35,919$34,911$33,940$33,005$30,356
4 years$27,449$26,404$25,406$24,452$23,539$20,994
5 years$21,740$20,701$19,716$18,781$17,894$15,458
6 years$17,935$16,904$15,934$15,020$14,159$11,835
7 years$15,218$14,196$13,241$12,348$11,515$9,304
8 years$13,181$12,169$11,229$10,359$9,553$7,453
9 years$11,598$10,595$9,672$8,823$8,045$6,054
10 years$10,332$9,339$8,432$7,606$6,855$4,971
11 years$9,297$8,314$7,424$6,619$5,895$4,117
12 years$8,435$7,462$6,588$5,806$5,109$3,431
13 years$7,706$6,744$5,886$5,126$4,455$2,876
14 years$7,082$6,130$5,289$4,550$3,905$2,421
15 years$6,542$5,600$4,775$4,058$3,438$2,045
16 years$6,070$5,138$4,329$3,633$3,039$1,733
17 years$5,653$4,732$3,939$3,265$2,694$1,472
18 years$5,284$4,372$3,596$2,942$2,396$1,253
19 years$4,953$4,052$3,292$2,658$2,135$1,068
20 years$4,656$3,765$3,021$2,408$1,907$912
21 years$4,388$3,507$2,779$2,185$1,707$780
22 years$4,144$3,274$2,561$1,987$1,530$668
23 years$3,922$3,062$2,365$1,809$1,373$572
24 years$3,719$2,869$2,187$1,650$1,234$490
25 years$3,532$2,692$2,026$1,507$1,111$421
26 years$3,360$2,530$1,879$1,378$1,001$361
27 years$3,201$2,381$1,745$1,261$902$310
28 years$3,053$2,244$1,622$1,156$814$266
29 years$2,916$2,117$1,509$1,060$735$229
30 years$2,789$1,999$1,406$973$664$197
31 years$2,670$1,890$1,311$893$600$169
32 years$2,558$1,788$1,223$821$543$146
33 years$2,453$1,693$1,142$755$492$125
34 years$2,355$1,605$1,067$695$445$108
35 years$2,263$1,522$997$639$403$93
36 years$2,176$1,445$933$589$365$80
37 years$2,094$1,372$873$543$331$69
38 years$2,016$1,304$818$500$300$59
39 years$1,943$1,240$766$461$272$51
40 years$1,873$1,180$718$425$247$44
41 years$1,807$1,123$673$392$224$38
42 years$1,744$1,070$632$362$203$33
43 years$1,685$1,019$593$334$184$28
44 years$1,628$972$556$309$167$24
45 years$1,574$926$522$285$152$21
46 years$1,522$884$491$263$138$18
47 years$1,473$843$461$243$125$15
48 years$1,426$805$433$225$114$13
49 years$1,381$769$407$208$103$11
50 years$1,338$734$383$192$94$10

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 $5,660 every year, while hoping to spend $26,505 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: 69/7/24 Blend
41$1,370,000$1,370,000$1,370,000$1,370,000
42$1,515,578$1,442,968$1,421,733$1,610,541
43$1,641,966$1,485,473$1,441,160$1,717,370
44$1,780,357$1,529,171$1,460,350$1,830,641
45$1,931,948$1,574,095$1,479,266$1,953,973
46$2,098,056$1,620,275$1,497,870$2,088,361
47$2,280,131$1,667,742$1,516,123$2,234,901
48$2,479,773$1,716,530$1,533,981$2,394,799
49$2,698,741$1,766,671$1,551,401$2,569,385
50$2,938,974$1,818,199$1,568,334$2,760,125
51$3,202,607$1,871,148$1,584,730$2,968,631
52$3,491,991$1,925,553$1,600,538$3,196,683
53$3,809,719$1,981,450$1,615,700$3,446,238
54$4,158,643$2,038,874$1,630,159$3,719,455
55$4,541,909$2,097,862$1,643,853$4,018,713
56$4,962,978$2,158,452$1,656,717$4,346,631
57$5,425,667$2,220,682$1,668,682$4,706,097
58$5,934,179$2,284,589$1,679,677$5,100,291
59$6,493,145$2,350,214$1,689,626$5,532,720
60$7,107,666$2,417,594$1,698,449$6,007,245
61$7,783,363$2,486,772$1,706,062$6,528,123
62$8,526,429$2,557,786$1,712,378$7,100,044
63$9,343,686$2,630,679$1,717,304$7,728,175
64$10,242,652$2,705,492$1,720,743$8,418,212
65$11,231,608$2,782,267$1,722,594$9,176,431
66$12,319,680$2,861,046$1,722,749$10,009,746
67$13,516,923$2,941,873$1,721,096$10,925,779
68$14,834,415$3,024,790$1,717,518$11,932,928
69$16,284,361$3,109,841$1,711,892$13,040,446
70$17,880,213$3,197,071$1,704,087$14,258,532
71$19,636,789$3,286,521$1,693,968$15,598,424
72$21,570,419$3,378,239$1,681,394$17,072,506
73$23,699,096$3,472,266$1,666,214$18,694,428
74$26,042,645$3,568,649$1,648,274$20,479,227
75$28,622,913$3,667,430$1,627,409$22,443,480
76$31,463,971$3,768,656$1,603,449$24,605,450
77$34,592,346$3,872,369$1,576,214$26,985,266
78$38,037,265$3,978,615$1,545,516$29,605,109
79$41,830,935$4,087,436$1,511,160$32,489,425
80$46,008,846$4,198,877$1,472,940$35,665,150
81$50,610,106$4,312,979$1,430,641$39,161,972
82$55,677,808$4,429,786$1,384,038$43,012,605
83$61,259,437$4,549,338$1,332,897$47,253,101
84$67,407,321$4,671,678$1,276,970$51,923,192
85$74,179,121$4,796,843$1,216,002$57,066,661
86$81,638,377$4,924,874$1,149,724$62,731,759
87$89,855,106$5,055,807$1,077,854$68,971,659
88$98,906,464$5,189,679$1,000,099$75,844,959
89$108,877,474$5,326,524$916,153$83,416,236
90$119,861,827$5,466,374$825,695$91,756,653
91$131,962,768$5,609,261$728,391$100,944,636
92$145,294,069$5,755,213$623,890$111,066,609
93$159,981,101$5,904,257$511,828$122,217,816
94$176,162,023$6,056,415$391,824$134,503,216
95$193,989,079$6,211,709$263,479$148,038,475
96$213,630,038$6,370,155$126,379$162,951,060
97$235,269,778$6,531,769$0$179,381,444
98$259,112,031$6,696,561$0$197,489,531
99$285,381,302$6,864,536$0$217,475,681
100$314,324,994$7,035,698$0$239,495,615