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%16.2%
1 years$114,785$113,762$112,765$111,791$110,841$108,030
2 years$56,824$55,766$54,740$53,746$52,781$49,967
3 years$37,507$36,444$35,421$34,435$33,487$30,758
4 years$27,850$26,790$25,777$24,809$23,883$21,261
5 years$22,057$21,004$20,004$19,056$18,155$15,647
6 years$18,196$17,151$16,166$15,239$14,366$11,973
7 years$15,440$14,403$13,434$12,529$11,683$9,406
8 years$13,374$12,346$11,393$10,510$9,692$7,531
9 years$11,767$10,750$9,813$8,952$8,162$6,114
10 years$10,483$9,475$8,555$7,717$6,955$5,017
11 years$9,433$8,435$7,532$6,716$5,981$4,152
12 years$8,558$7,571$6,684$5,891$5,183$3,459
13 years$7,819$6,842$5,972$5,201$4,520$2,897
14 years$7,186$6,219$5,366$4,617$3,962$2,437
15 years$6,637$5,681$4,845$4,117$3,489$2,057
16 years$6,158$5,213$4,392$3,687$3,083$1,742
17 years$5,736$4,801$3,997$3,312$2,734$1,478
18 years$5,361$4,436$3,649$2,985$2,431$1,257
19 years$5,025$4,111$3,340$2,697$2,167$1,071
20 years$4,724$3,820$3,065$2,443$1,935$914
21 years$4,452$3,559$2,820$2,217$1,732$781
22 years$4,205$3,322$2,599$2,016$1,552$668
23 years$3,979$3,107$2,399$1,836$1,393$572
24 years$3,773$2,911$2,219$1,674$1,252$490
25 years$3,584$2,732$2,055$1,529$1,127$420
26 years$3,409$2,567$1,906$1,398$1,015$360
27 years$3,248$2,416$1,770$1,280$915$309
28 years$3,098$2,277$1,646$1,173$826$265
29 years$2,959$2,148$1,531$1,075$746$228
30 years$2,829$2,028$1,426$987$674$196
31 years$2,709$1,918$1,330$906$609$168
32 years$2,595$1,814$1,241$833$551$145
33 years$2,489$1,718$1,158$766$499$124
34 years$2,390$1,628$1,082$705$452$107
35 years$2,296$1,545$1,012$649$409$92
36 years$2,208$1,466$947$597$371$79
37 years$2,124$1,392$886$551$336$68
38 years$2,046$1,323$830$507$304$58
39 years$1,971$1,258$777$468$276$50
40 years$1,900$1,197$729$432$250$43
41 years$1,833$1,140$683$398$227$37
42 years$1,770$1,085$641$367$206$32
43 years$1,709$1,034$601$339$187$28
44 years$1,652$986$565$313$170$24
45 years$1,597$940$530$289$154$20
46 years$1,544$897$498$267$140$18
47 years$1,494$856$468$247$127$15
48 years$1,447$817$440$228$115$13
49 years$1,401$780$413$211$105$11
50 years$1,357$745$388$195$95$10

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 $2,660 every year, while hoping to spend $28,981 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: 77/6/17 Blend
41$1,390,000$1,390,000$1,390,000$1,390,000
42$1,534,524$1,460,854$1,439,309$1,646,691
43$1,660,210$1,501,600$1,456,690$1,761,886
44$1,797,744$1,543,372$1,473,682$1,884,289
45$1,948,305$1,586,188$1,490,242$2,017,738
46$2,113,190$1,630,069$1,506,323$2,163,326
47$2,293,827$1,675,034$1,521,876$2,322,260
48$2,491,790$1,721,103$1,536,851$2,495,865
49$2,708,810$1,768,295$1,551,193$2,685,605
50$2,946,797$1,816,629$1,564,846$2,893,089
51$3,207,851$1,866,125$1,577,750$3,120,091
52$3,494,288$1,916,801$1,589,840$3,368,567
53$3,808,657$1,968,676$1,601,052$3,640,669
54$4,153,768$2,021,769$1,611,315$3,938,769
55$4,532,714$2,076,097$1,620,556$4,265,482
56$4,948,902$2,131,678$1,628,696$4,623,686
57$5,406,089$2,188,529$1,635,656$5,016,555
58$5,908,409$2,246,666$1,641,350$5,447,584
59$6,460,419$2,306,105$1,645,687$5,920,624
60$7,067,139$2,366,861$1,648,575$6,439,921
61$7,734,098$2,428,948$1,649,913$7,010,149
62$8,467,390$2,492,380$1,649,599$7,636,462
63$9,273,727$2,557,170$1,647,523$8,324,536
64$10,160,503$2,623,328$1,643,572$9,080,629
65$11,135,868$2,690,865$1,637,625$9,911,634
66$12,208,799$2,759,789$1,629,558$10,825,146
67$13,389,186$2,830,108$1,619,238$11,829,538
68$14,687,928$2,901,829$1,606,527$12,934,031
69$16,117,033$2,974,954$1,591,282$14,148,792
70$17,689,731$3,049,487$1,573,350$15,485,019
71$19,420,600$3,125,429$1,552,574$16,955,055
72$21,325,702$3,202,776$1,528,787$18,572,502
73$23,422,738$3,281,526$1,501,815$20,352,347
74$25,731,209$3,361,672$1,471,477$22,311,105
75$28,272,603$3,443,205$1,437,582$24,466,978
76$31,070,598$3,526,112$1,399,932$26,840,020
77$34,151,287$3,610,379$1,358,317$29,452,336
78$37,543,417$3,695,987$1,312,519$32,328,279
79$41,278,669$3,782,913$1,262,312$35,494,690
80$45,391,949$3,871,133$1,207,456$38,981,146
81$49,921,725$3,960,615$1,147,702$42,820,242
82$54,910,381$4,051,325$1,082,790$47,047,896
83$60,404,624$4,143,224$1,012,448$51,703,691
84$66,455,922$4,236,268$936,391$56,831,245
85$73,120,987$4,330,407$854,322$62,478,627
86$80,462,316$4,425,585$765,930$68,698,811
87$88,548,775$4,521,742$670,891$75,550,170
88$97,456,251$4,618,808$568,867$83,097,035
89$107,268,367$4,716,708$459,503$91,410,298
90$118,077,275$4,815,360$342,430$100,568,080
91$129,984,517$4,914,674$217,262$110,656,475
92$143,101,995$5,014,550$83,597$121,770,357
93$157,553,016$5,114,880$0$134,014,277
94$173,473,461$5,215,546$0$147,514,162
95$191,013,067$5,316,422$0$162,403,151
96$210,336,841$5,417,368$0$178,806,068
97$231,626,614$5,518,233$0$196,877,196
98$255,082,759$5,618,857$0$216,786,547
99$280,926,083$5,719,064$0$238,721,475
100$309,399,910$5,818,665$0$262,888,437