Can I retire at age 42 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$114,785$113,762$112,765$111,791$110,841$110,050
2 years$56,824$55,766$54,740$53,746$52,781$51,984
3 years$37,507$36,444$35,421$34,435$33,487$32,707
4 years$27,850$26,790$25,777$24,809$23,883$23,128
5 years$22,057$21,004$20,004$19,056$18,155$17,426
6 years$18,196$17,151$16,166$15,239$14,366$13,664
7 years$15,440$14,403$13,434$12,529$11,683$11,009
8 years$13,374$12,346$11,393$10,510$9,692$9,046
9 years$11,767$10,750$9,813$8,952$8,162$7,543
10 years$10,483$9,475$8,555$7,717$6,955$6,363
11 years$9,433$8,435$7,532$6,716$5,981$5,416
12 years$8,558$7,571$6,684$5,891$5,183$4,644
13 years$7,819$6,842$5,972$5,201$4,520$4,006
14 years$7,186$6,219$5,366$4,617$3,962$3,473
15 years$6,637$5,681$4,845$4,117$3,489$3,024
16 years$6,158$5,213$4,392$3,687$3,083$2,642
17 years$5,736$4,801$3,997$3,312$2,734$2,316
18 years$5,361$4,436$3,649$2,985$2,431$2,035
19 years$5,025$4,111$3,340$2,697$2,167$1,792
20 years$4,724$3,820$3,065$2,443$1,935$1,581
21 years$4,452$3,559$2,820$2,217$1,732$1,398
22 years$4,205$3,322$2,599$2,016$1,552$1,237
23 years$3,979$3,107$2,399$1,836$1,393$1,097
24 years$3,773$2,911$2,219$1,674$1,252$973
25 years$3,584$2,732$2,055$1,529$1,127$864
26 years$3,409$2,567$1,906$1,398$1,015$768
27 years$3,248$2,416$1,770$1,280$915$684
28 years$3,098$2,277$1,646$1,173$826$609
29 years$2,959$2,148$1,531$1,075$746$542
30 years$2,829$2,028$1,426$987$674$483
31 years$2,709$1,918$1,330$906$609$431
32 years$2,595$1,814$1,241$833$551$384
33 years$2,489$1,718$1,158$766$499$343
34 years$2,390$1,628$1,082$705$452$306
35 years$2,296$1,545$1,012$649$409$274
36 years$2,208$1,466$947$597$371$244
37 years$2,124$1,392$886$551$336$218
38 years$2,046$1,323$830$507$304$195
39 years$1,971$1,258$777$468$276$174
40 years$1,900$1,197$729$432$250$156
41 years$1,833$1,140$683$398$227$139
42 years$1,770$1,085$641$367$206$125
43 years$1,709$1,034$601$339$187$111
44 years$1,652$986$565$313$170$100
45 years$1,597$940$530$289$154$89
46 years$1,544$897$498$267$140$80
47 years$1,494$856$468$247$127$71
48 years$1,447$817$440$228$115$64
49 years$1,401$780$413$211$105$57
50 years$1,357$745$388$195$95$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,390,000, adding $4,256 every year, while hoping to spend $26,254 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: 59/13/28 Blend
41$1,390,000$1,390,000$1,390,000$1,390,000
42$1,536,170$1,462,500$1,440,955$1,614,878
43$1,664,925$1,506,229$1,461,293$1,712,896
44$1,805,934$1,551,220$1,481,432$1,816,607
45$1,960,417$1,597,508$1,501,339$1,929,190
46$2,129,722$1,645,128$1,520,976$2,051,517
47$2,315,330$1,694,116$1,540,305$2,184,543
48$2,518,874$1,744,508$1,559,285$2,329,323
49$2,742,152$1,796,341$1,577,874$2,487,020
50$2,987,145$1,849,655$1,596,026$2,658,912
51$3,256,033$1,904,488$1,613,692$2,846,411
52$3,551,220$1,960,879$1,630,823$3,051,069
53$3,875,353$2,018,871$1,647,364$3,274,597
54$4,231,348$2,078,505$1,663,260$3,518,881
55$4,622,417$2,139,822$1,678,450$3,785,998
56$5,052,098$2,202,868$1,692,872$4,078,236
57$5,524,289$2,267,686$1,706,461$4,398,117
58$6,043,286$2,334,322$1,719,147$4,748,419
59$6,613,819$2,402,822$1,730,856$5,132,205
60$7,241,101$2,473,233$1,741,513$5,552,847
61$7,930,876$2,545,603$1,751,036$6,014,062
62$8,689,469$2,619,982$1,759,339$6,519,947
63$9,523,853$2,696,419$1,766,335$7,075,016
64$10,441,708$2,774,966$1,771,929$7,684,241
65$11,451,496$2,855,673$1,776,023$8,353,104
66$12,562,542$2,938,594$1,778,513$9,087,644
67$13,785,119$3,023,783$1,779,291$9,894,518
68$15,130,546$3,111,294$1,778,242$10,781,059
69$16,611,297$3,201,182$1,775,248$11,755,350
70$18,241,113$3,293,503$1,770,183$12,826,298
71$20,035,137$3,388,316$1,762,915$14,003,717
72$22,010,055$3,485,677$1,753,306$15,298,425
73$24,184,252$3,585,647$1,741,213$16,722,342
74$26,577,986$3,688,283$1,726,484$18,288,603
75$29,213,579$3,793,648$1,708,960$20,011,685
76$32,115,628$3,901,801$1,688,474$21,907,541
77$35,311,238$4,012,805$1,664,854$23,993,751
78$38,830,275$4,126,723$1,637,917$26,289,690
79$42,705,648$4,243,617$1,607,472$28,816,708
80$46,973,621$4,363,552$1,573,320$31,598,336
81$51,674,156$4,486,591$1,535,251$34,660,503
82$56,851,286$4,612,800$1,493,048$38,031,784
83$62,553,533$4,742,244$1,446,482$41,743,673
84$68,834,368$4,874,988$1,395,313$45,830,872
85$75,752,709$5,011,098$1,339,292$50,331,627
86$83,373,484$5,150,640$1,278,157$55,288,086
87$91,768,239$5,293,681$1,211,635$60,746,698
88$101,015,815$5,440,287$1,139,440$66,758,650
89$111,203,091$5,590,524$1,061,274$73,380,351
90$122,425,805$5,744,458$976,825$80,673,967
91$134,789,455$5,902,155$885,767$88,708,006
92$148,410,298$6,063,679$787,759$97,557,968
93$163,416,446$6,229,097$682,446$107,307,053
94$179,949,072$6,398,471$569,456$118,046,951
95$198,163,746$6,571,865$448,402$129,878,708
96$218,231,903$6,749,341$318,878$142,913,679
97$240,342,459$6,930,961$180,462$157,274,578
98$264,703,595$7,116,783$32,713$173,096,643
99$291,544,722$7,306,866$0$190,528,907
100$321,118,647$7,501,266$0$209,772,941