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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$114,785$113,762$112,765$111,791$110,841$107,942
2 years$56,824$55,766$54,740$53,746$52,781$49,881
3 years$37,507$36,444$35,421$34,435$33,487$30,675
4 years$27,850$26,790$25,777$24,809$23,883$21,182
5 years$22,057$21,004$20,004$19,056$18,155$15,572
6 years$18,196$17,151$16,166$15,239$14,366$11,903
7 years$15,440$14,403$13,434$12,529$11,683$9,341
8 years$13,374$12,346$11,393$10,510$9,692$7,470
9 years$11,767$10,750$9,813$8,952$8,162$6,057
10 years$10,483$9,475$8,555$7,717$6,955$4,964
11 years$9,433$8,435$7,532$6,716$5,981$4,103
12 years$8,558$7,571$6,684$5,891$5,183$3,413
13 years$7,819$6,842$5,972$5,201$4,520$2,855
14 years$7,186$6,219$5,366$4,617$3,962$2,398
15 years$6,637$5,681$4,845$4,117$3,489$2,022
16 years$6,158$5,213$4,392$3,687$3,083$1,709
17 years$5,736$4,801$3,997$3,312$2,734$1,449
18 years$5,361$4,436$3,649$2,985$2,431$1,230
19 years$5,025$4,111$3,340$2,697$2,167$1,047
20 years$4,724$3,820$3,065$2,443$1,935$892
21 years$4,452$3,559$2,820$2,217$1,732$761
22 years$4,205$3,322$2,599$2,016$1,552$650
23 years$3,979$3,107$2,399$1,836$1,393$555
24 years$3,773$2,911$2,219$1,674$1,252$475
25 years$3,584$2,732$2,055$1,529$1,127$407
26 years$3,409$2,567$1,906$1,398$1,015$348
27 years$3,248$2,416$1,770$1,280$915$298
28 years$3,098$2,277$1,646$1,173$826$256
29 years$2,959$2,148$1,531$1,075$746$219
30 years$2,829$2,028$1,426$987$674$188
31 years$2,709$1,918$1,330$906$609$161
32 years$2,595$1,814$1,241$833$551$138
33 years$2,489$1,718$1,158$766$499$119
34 years$2,390$1,628$1,082$705$452$102
35 years$2,296$1,545$1,012$649$409$87
36 years$2,208$1,466$947$597$371$75
37 years$2,124$1,392$886$551$336$64
38 years$2,046$1,323$830$507$304$55
39 years$1,971$1,258$777$468$276$48
40 years$1,900$1,197$729$432$250$41
41 years$1,833$1,140$683$398$227$35
42 years$1,770$1,085$641$367$206$30
43 years$1,709$1,034$601$339$187$26
44 years$1,652$986$565$313$170$22
45 years$1,597$940$530$289$154$19
46 years$1,544$897$498$267$140$16
47 years$1,494$856$468$247$127$14
48 years$1,447$817$440$228$115$12
49 years$1,401$780$413$211$105$10
50 years$1,357$745$388$195$95$9

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 $5,415 every year, while hoping to spend $47,803 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: 83/5/12 Blend
41$1,390,000$1,390,000$1,390,000$1,390,000
42$1,537,366$1,463,696$1,442,151$1,661,284
43$1,643,315$1,484,555$1,439,601$1,764,114
44$1,758,469$1,504,834$1,435,363$1,870,124
45$1,883,716$1,524,454$1,429,331$1,985,114
46$2,020,033$1,543,330$1,421,392$2,109,959
47$2,168,497$1,561,374$1,411,429$2,245,624
48$2,330,290$1,578,487$1,399,318$2,393,171
49$2,506,715$1,594,569$1,384,931$2,553,769
50$2,699,206$1,609,508$1,368,132$2,728,709
51$2,909,340$1,623,189$1,348,779$2,919,409
52$3,138,854$1,635,487$1,326,725$3,127,433
53$3,389,661$1,646,270$1,301,814$3,354,505
54$3,663,865$1,655,396$1,273,883$3,602,523
55$3,963,785$1,662,716$1,242,764$3,873,577
56$4,291,972$1,668,070$1,208,277$4,169,972
57$4,651,236$1,671,288$1,170,238$4,494,247
58$5,044,672$1,672,191$1,128,451$4,849,197
59$5,475,687$1,670,588$1,082,713$5,237,905
60$5,948,034$1,666,273$1,032,811$5,663,767
61$6,465,847$1,659,034$978,522$6,130,524
62$7,033,676$1,648,639$919,616$6,642,299
63$7,656,535$1,634,847$855,847$7,203,635
64$8,339,947$1,617,400$786,964$7,819,538
65$9,089,994$1,596,025$712,699$8,495,525
66$9,913,376$1,570,433$632,778$9,237,674
67$10,817,474$1,540,317$546,909$10,052,685
68$11,810,417$1,505,353$454,791$10,947,939
69$12,901,161$1,465,197$356,108$11,931,571
70$14,099,572$1,419,485$250,531$13,012,546
71$15,416,521$1,367,831$137,715$14,200,743
72$16,863,979$1,309,829$17,302$15,507,047
73$18,455,141$1,245,046$0$16,943,458
74$20,204,538$1,173,026$0$18,537,433
75$22,128,184$1,093,287$0$20,292,594
76$24,243,719$1,005,318$0$22,222,833
77$26,570,580$908,581$0$24,345,900
78$29,130,182$802,504$0$26,681,350
79$31,946,119$686,486$0$29,250,734
80$35,044,389$559,890$0$32,077,797
81$38,453,635$422,043$0$35,188,702
82$42,205,418$272,235$0$38,612,279
83$46,334,513$109,716$0$42,380,296
84$50,879,235$0$0$46,527,757
85$55,881,805$0$0$51,096,884
86$61,388,743$0$0$56,133,357
87$67,451,309$0$0$61,678,025
88$74,125,986$0$0$67,782,549
89$81,475,011$0$0$74,503,857
90$89,566,964$0$0$81,904,673
91$98,477,414$0$0$90,054,118
92$108,289,630$0$0$99,028,353
93$119,095,369$0$0$108,911,305
94$130,995,739$0$0$119,795,454
95$144,102,156$0$0$131,782,704
96$158,537,390$0$0$144,985,349
97$174,436,727$0$0$159,527,129
98$191,949,245$0$0$175,544,399
99$211,239,219$0$0$193,187,414
100$232,487,672$0$0$212,621,747