Can I retire at age 42 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$116,436$115,399$114,387$113,400$112,435$109,142
2 years$57,642$56,568$55,528$54,519$53,541$50,250
3 years$38,046$36,968$35,930$34,931$33,968$30,783
4 years$28,250$27,175$26,148$25,166$24,227$21,170
5 years$22,374$21,306$20,292$19,330$18,417$15,498
6 years$18,458$17,398$16,399$15,458$14,572$11,795
7 years$15,662$14,611$13,628$12,709$11,851$9,214
8 years$13,566$12,524$11,557$10,661$9,832$7,334
9 years$11,937$10,904$9,954$9,081$8,280$5,918
10 years$10,634$9,612$8,678$7,828$7,055$4,826
11 years$9,569$8,557$7,640$6,813$6,067$3,968
12 years$8,681$7,680$6,781$5,976$5,258$3,284
13 years$7,931$6,941$6,058$5,276$4,585$2,732
14 years$7,289$6,309$5,443$4,683$4,019$2,282
15 years$6,733$5,763$4,914$4,176$3,539$1,913
16 years$6,247$5,288$4,456$3,740$3,128$1,608
17 years$5,818$4,870$4,054$3,360$2,773$1,355
18 years$5,438$4,500$3,701$3,028$2,466$1,144
19 years$5,098$4,170$3,388$2,736$2,198$968
20 years$4,792$3,875$3,110$2,478$1,963$819
21 years$4,516$3,610$2,860$2,249$1,757$695
22 years$4,265$3,370$2,636$2,045$1,575$590
23 years$4,037$3,151$2,434$1,862$1,414$501
24 years$3,827$2,953$2,251$1,698$1,270$426
25 years$3,635$2,771$2,085$1,551$1,143$362
26 years$3,458$2,604$1,934$1,418$1,030$308
27 years$3,294$2,451$1,796$1,298$928$262
28 years$3,143$2,309$1,669$1,189$838$223
29 years$3,002$2,179$1,553$1,091$756$190
30 years$2,870$2,058$1,447$1,001$684$162
31 years$2,747$1,945$1,349$919$618$138
32 years$2,633$1,840$1,259$845$559$118
33 years$2,525$1,743$1,175$777$506$100
34 years$2,424$1,652$1,098$715$458$85
35 years$2,329$1,567$1,026$658$415$73
36 years$2,239$1,487$960$606$376$62
37 years$2,155$1,412$899$558$341$53
38 years$2,075$1,342$842$515$309$45
39 years$1,999$1,276$789$475$280$39
40 years$1,928$1,214$739$438$254$33
41 years$1,860$1,156$693$404$230$28
42 years$1,795$1,101$650$373$209$24
43 years$1,734$1,049$610$344$190$20
44 years$1,675$1,000$573$318$172$17
45 years$1,620$953$538$293$156$15
46 years$1,566$910$505$271$142$13
47 years$1,516$868$474$250$129$11
48 years$1,467$829$446$231$117$9
49 years$1,421$791$419$214$106$8
50 years$1,377$756$394$198$97$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,410,000, adding $3,562 every year, while hoping to spend $35,821 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: 54/25/21 Blend
41$1,410,000$1,410,000$1,410,000$1,410,000
42$1,557,494$1,482,764$1,460,909$1,632,484
43$1,678,245$1,517,306$1,471,736$1,718,856
44$1,810,113$1,552,341$1,481,726$1,808,773
45$1,954,192$1,587,853$1,490,811$1,905,889
46$2,111,690$1,623,828$1,498,924$2,010,903
47$2,283,935$1,660,249$1,505,991$2,124,585
48$2,472,390$1,697,094$1,511,935$2,247,785
49$2,678,665$1,734,344$1,516,676$2,381,438
50$2,904,535$1,771,972$1,520,131$2,526,573
51$3,151,951$1,809,953$1,522,209$2,684,328
52$3,423,065$1,848,255$1,522,818$2,855,954
53$3,720,246$1,886,848$1,521,861$3,042,832
54$4,046,102$1,925,695$1,519,234$3,246,481
55$4,403,507$1,964,756$1,514,831$3,468,580
56$4,795,625$2,003,989$1,508,538$3,710,974
57$5,225,943$2,043,349$1,500,238$3,975,701
58$5,698,299$2,082,783$1,489,806$4,265,007
59$6,216,924$2,122,238$1,477,113$4,581,365
60$6,786,477$2,161,654$1,462,023$4,927,503
61$7,412,090$2,200,968$1,444,393$5,306,428
62$8,099,418$2,240,110$1,424,075$5,721,454
63$8,854,689$2,279,006$1,400,912$6,176,235
64$9,684,765$2,317,575$1,374,740$6,674,797
65$10,597,206$2,355,731$1,345,389$7,221,580
66$11,600,341$2,393,382$1,312,680$7,821,477
67$12,703,346$2,430,427$1,276,424$8,479,882
68$13,916,330$2,466,761$1,236,427$9,202,740
69$15,250,431$2,502,268$1,192,483$9,996,605
70$16,717,922$2,536,826$1,144,378$10,868,702
71$18,332,323$2,570,303$1,091,888$11,826,993
72$20,108,532$2,602,560$1,034,778$12,880,257
73$22,062,963$2,633,446$972,804$14,038,168
74$24,213,702$2,662,802$905,709$15,311,393
75$26,580,676$2,690,456$833,227$16,711,687
76$29,185,843$2,716,226$755,078$18,252,007
77$32,053,395$2,739,918$670,970$19,946,638
78$35,209,992$2,761,324$580,598$21,811,322
79$38,685,007$2,780,225$483,644$23,863,412
80$42,510,807$2,796,385$379,775$26,122,037
81$46,723,056$2,809,555$268,644$28,608,278
82$51,361,054$2,819,469$149,890$31,345,373
83$56,468,102$2,825,844$23,132$34,358,936
84$62,091,919$2,828,381$0$37,677,197
85$68,285,083$2,826,760$0$41,356,401
86$75,105,533$2,820,643$0$45,412,880
87$82,617,114$2,809,670$0$49,879,344
88$90,890,176$2,793,460$0$54,797,556
89$100,002,243$2,771,609$0$60,213,543
90$110,038,741$2,743,688$0$66,178,027
91$121,093,805$2,709,240$0$72,746,904
92$133,271,165$2,667,785$0$79,981,777
93$146,685,128$2,618,810$0$87,950,532
94$161,461,654$2,561,776$0$96,727,982
95$177,739,548$2,496,108$0$106,396,577
96$195,671,765$2,421,200$0$117,047,176
97$215,426,855$2,336,409$0$128,779,913
98$237,190,556$2,241,055$0$141,705,135
99$261,167,545$2,134,419$0$155,944,453
100$287,583,369$2,015,739$0$171,631,885