Can I retire at age 42 with 1,380,000?

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 $1,380,000?

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$113,959$112,944$111,954$110,987$110,043$108,176
2 years$56,415$55,365$54,346$53,359$52,401$50,526
3 years$37,237$36,181$35,166$34,188$33,246$31,420
4 years$27,649$26,597$25,592$24,630$23,711$21,950
5 years$21,898$20,853$19,860$18,918$18,025$16,333
6 years$18,065$17,028$16,050$15,129$14,262$12,642
7 years$15,329$14,300$13,338$12,439$11,599$10,050
8 years$13,277$12,258$11,311$10,434$9,623$8,145
9 years$11,683$10,672$9,742$8,888$8,104$6,697
10 years$10,407$9,407$8,494$7,661$6,905$5,567
11 years$9,365$8,375$7,478$6,668$5,938$4,668
12 years$8,497$7,517$6,636$5,848$5,146$3,942
13 years$7,763$6,793$5,929$5,163$4,487$3,348
14 years$7,134$6,175$5,327$4,583$3,934$2,857
15 years$6,590$5,641$4,810$4,088$3,463$2,447
16 years$6,114$5,175$4,361$3,660$3,061$2,103
17 years$5,695$4,766$3,968$3,288$2,714$1,812
18 years$5,322$4,404$3,622$2,964$2,413$1,565
19 years$4,989$4,082$3,316$2,678$2,151$1,355
20 years$4,690$3,793$3,043$2,425$1,921$1,174
21 years$4,420$3,533$2,799$2,201$1,719$1,020
22 years$4,174$3,298$2,580$2,001$1,541$886
23 years$3,951$3,084$2,382$1,823$1,383$771
24 years$3,746$2,890$2,203$1,662$1,243$672
25 years$3,558$2,712$2,041$1,518$1,119$586
26 years$3,384$2,549$1,893$1,388$1,008$511
27 years$3,224$2,399$1,757$1,271$909$446
28 years$3,076$2,260$1,634$1,164$820$389
29 years$2,938$2,132$1,520$1,068$740$340
30 years$2,809$2,014$1,416$980$669$297
31 years$2,689$1,904$1,320$900$605$260
32 years$2,577$1,801$1,232$827$547$227
33 years$2,471$1,706$1,150$760$495$199
34 years$2,372$1,617$1,075$700$448$174
35 years$2,279$1,533$1,005$644$406$152
36 years$2,192$1,455$940$593$368$133
37 years$2,109$1,382$880$547$333$117
38 years$2,031$1,314$824$504$302$102
39 years$1,957$1,249$772$464$274$89
40 years$1,887$1,189$723$428$249$78
41 years$1,820$1,131$678$395$226$69
42 years$1,757$1,078$636$365$205$60
43 years$1,697$1,027$597$337$186$53
44 years$1,640$979$560$311$169$46
45 years$1,585$933$526$287$153$40
46 years$1,533$890$494$265$139$35
47 years$1,484$850$464$245$126$31
48 years$1,436$811$436$226$115$27
49 years$1,391$774$410$209$104$24
50 years$1,347$740$386$193$95$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,380,000, adding $3,021 every year, while hoping to spend $47,923 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: 52/34/14 Blend
41$1,380,000$1,380,000$1,380,000$1,380,000
42$1,523,876$1,450,736$1,429,346$1,597,242
43$1,628,322$1,470,833$1,426,240$1,667,836
44$1,741,815$1,490,307$1,421,423$1,739,241
45$1,865,227$1,509,080$1,414,788$1,815,820
46$1,999,519$1,527,063$1,406,222$1,898,076
47$2,145,745$1,544,165$1,395,606$1,986,564
48$2,305,069$1,560,286$1,382,816$2,081,897
49$2,478,767$1,575,322$1,367,722$2,184,752
50$2,668,249$1,589,160$1,350,187$2,295,874
51$2,875,061$1,601,680$1,330,070$2,416,089
52$3,100,911$1,612,755$1,307,220$2,546,307
53$3,347,673$1,622,250$1,281,482$2,687,532
54$3,617,415$1,630,019$1,252,691$2,840,873
55$3,912,412$1,635,911$1,220,676$3,007,555
56$4,235,167$1,639,760$1,185,259$3,188,929
57$4,588,440$1,641,394$1,146,251$3,386,486
58$4,975,268$1,640,629$1,103,457$3,601,873
59$5,398,994$1,637,269$1,056,671$3,836,908
60$5,863,303$1,631,106$1,005,681$4,093,596
61$6,372,249$1,621,920$950,261$4,374,150
62$6,930,301$1,609,476$890,177$4,681,013
63$7,542,379$1,593,528$825,185$5,016,881
64$8,213,902$1,573,811$755,029$5,384,730
65$8,950,840$1,550,048$679,443$5,787,842
66$9,759,768$1,521,942$598,146$6,229,840
67$10,647,928$1,489,182$510,848$6,714,720
68$11,623,300$1,451,435$417,245$7,246,892
69$12,694,673$1,408,351$317,018$7,831,223
70$13,871,727$1,359,559$209,837$8,473,079
71$15,165,131$1,304,664$95,354$9,178,384
72$16,586,634$1,243,253$0$9,953,671
73$18,149,183$1,174,884$0$10,810,153
74$19,867,038$1,099,092$0$11,767,235
75$21,755,914$1,015,386$0$12,819,486
76$23,833,123$923,245$0$13,976,642
77$26,117,736$822,119$0$15,249,435
78$28,630,770$711,428$0$16,649,701
79$31,395,378$590,557$0$18,190,488
80$34,437,070$458,858$0$19,886,182
81$37,783,955$315,645$0$21,752,647
82$41,467,002$160,196$0$23,807,371
83$45,520,337$0$0$26,069,636
84$49,981,558$0$0$28,563,788
85$54,892,095$0$0$31,375,276
86$60,297,599$0$0$34,470,323
87$66,248,368$0$0$37,877,750
88$72,799,830$0$0$41,629,315
89$80,013,055$0$0$45,760,013
90$87,955,340$0$0$50,308,404
91$96,700,838$0$0$55,316,978
92$106,331,260$0$0$60,832,556
93$116,936,643$0$0$66,906,730
94$128,616,202$0$0$73,596,352
95$141,479,266$0$0$80,964,067
96$155,646,304$0$0$89,078,906
97$171,250,069$0$0$98,016,939
98$188,436,845$0$0$107,861,989
99$207,367,829$0$0$118,706,425
100$228,220,653$0$0$130,652,032