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

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$116,436$115,399$114,387$113,400$112,435$111,821
2 years$57,642$56,568$55,528$54,519$53,541$52,920
3 years$38,046$36,968$35,930$34,931$33,968$33,362
4 years$28,250$27,175$26,148$25,166$24,227$23,638
5 years$22,374$21,306$20,292$19,330$18,417$17,848
6 years$18,458$17,398$16,399$15,458$14,572$14,025
7 years$15,662$14,611$13,628$12,709$11,851$11,325
8 years$13,566$12,524$11,557$10,661$9,832$9,326
9 years$11,937$10,904$9,954$9,081$8,280$7,795
10 years$10,634$9,612$8,678$7,828$7,055$6,591
11 years$9,569$8,557$7,640$6,813$6,067$5,624
12 years$8,681$7,680$6,781$5,976$5,258$4,835
13 years$7,931$6,941$6,058$5,276$4,585$4,181
14 years$7,289$6,309$5,443$4,683$4,019$3,635
15 years$6,733$5,763$4,914$4,176$3,539$3,173
16 years$6,247$5,288$4,456$3,740$3,128$2,780
17 years$5,818$4,870$4,054$3,360$2,773$2,443
18 years$5,438$4,500$3,701$3,028$2,466$2,153
19 years$5,098$4,170$3,388$2,736$2,198$1,901
20 years$4,792$3,875$3,110$2,478$1,963$1,683
21 years$4,516$3,610$2,860$2,249$1,757$1,492
22 years$4,265$3,370$2,636$2,045$1,575$1,324
23 years$4,037$3,151$2,434$1,862$1,414$1,177
24 years$3,827$2,953$2,251$1,698$1,270$1,048
25 years$3,635$2,771$2,085$1,551$1,143$934
26 years$3,458$2,604$1,934$1,418$1,030$833
27 years$3,294$2,451$1,796$1,298$928$743
28 years$3,143$2,309$1,669$1,189$838$664
29 years$3,002$2,179$1,553$1,091$756$593
30 years$2,870$2,058$1,447$1,001$684$530
31 years$2,747$1,945$1,349$919$618$475
32 years$2,633$1,840$1,259$845$559$425
33 years$2,525$1,743$1,175$777$506$380
34 years$2,424$1,652$1,098$715$458$341
35 years$2,329$1,567$1,026$658$415$305
36 years$2,239$1,487$960$606$376$274
37 years$2,155$1,412$899$558$341$245
38 years$2,075$1,342$842$515$309$220
39 years$1,999$1,276$789$475$280$197
40 years$1,928$1,214$739$438$254$177
41 years$1,860$1,156$693$404$230$159
42 years$1,795$1,101$650$373$209$142
43 years$1,734$1,049$610$344$190$128
44 years$1,675$1,000$573$318$172$115
45 years$1,620$953$538$293$156$103
46 years$1,566$910$505$271$142$92
47 years$1,516$868$474$250$129$83
48 years$1,467$829$446$231$117$75
49 years$1,421$791$419$214$106$67
50 years$1,377$756$394$198$97$60

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 $5,743 every year, while hoping to spend $56,906 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: 76/9/15 Blend
41$1,410,000$1,410,000$1,410,000$1,410,000
42$1,559,744$1,485,014$1,463,159$1,672,828
43$1,658,290$1,497,232$1,451,627$1,760,508
44$1,764,981$1,508,142$1,437,802$1,848,917
45$1,880,587$1,517,618$1,421,546$1,944,285
46$2,005,955$1,525,530$1,402,717$2,047,288
47$2,142,018$1,531,737$1,381,163$2,158,669
48$2,289,800$1,536,088$1,356,728$2,279,250
49$2,450,429$1,538,425$1,329,248$2,409,934
50$2,625,145$1,538,580$1,298,549$2,551,717
51$2,815,311$1,536,372$1,264,452$2,705,698
52$3,022,431$1,531,612$1,226,769$2,873,086
53$3,248,155$1,524,098$1,185,302$3,055,216
54$3,494,302$1,513,614$1,139,846$3,253,559
55$3,762,874$1,499,934$1,090,183$3,469,736
56$4,056,073$1,482,817$1,036,090$3,705,534
57$4,376,324$1,462,006$977,331$3,962,925
58$4,726,296$1,437,231$913,658$4,244,080
59$5,108,928$1,408,206$844,816$4,551,394
60$5,527,457$1,374,625$770,535$4,887,506
61$5,985,443$1,336,168$690,534$5,255,327
62$6,486,812$1,292,493$604,520$5,658,065
63$7,035,881$1,243,240$512,186$6,099,257
64$7,637,409$1,188,028$413,213$6,582,801
65$8,296,635$1,126,451$307,266$7,112,996
66$9,019,329$1,058,084$193,996$7,694,581
67$9,811,845$982,475$73,039$8,332,778
68$10,681,183$899,146$0$9,033,346
69$11,635,053$807,593$0$9,811,603
70$12,681,945$707,281$0$10,678,635
71$13,831,213$597,649$0$11,630,520
72$15,093,162$478,099$0$12,675,831
73$16,479,142$348,002$0$13,824,016
74$18,001,655$206,696$0$15,085,481
75$19,674,477$53,476$0$16,471,698
76$21,512,781$0$0$17,995,304
77$23,533,284$0$0$19,681,357
78$25,754,404$0$0$21,540,700
79$28,196,431$0$0$23,585,029
80$30,881,720$0$0$25,833,066
81$33,834,900$0$0$28,305,437
82$37,083,106$0$0$31,024,867
83$40,656,237$0$0$34,016,397
84$44,587,232$0$0$37,307,612
85$48,912,386$0$0$40,928,910
86$53,671,690$0$0$44,913,783
87$58,909,206$0$0$49,299,131
88$64,673,482$0$0$54,125,615
89$71,018,015$0$0$59,438,036
90$78,001,746$0$0$65,285,760
91$85,689,625$0$0$71,723,181
92$94,153,216$0$0$78,810,235
93$103,471,375$0$0$86,612,963
94$113,730,995$0$0$95,204,139
95$125,027,820$0$0$104,663,949
96$137,467,354$0$0$115,080,752
97$151,165,851$0$0$126,551,914
98$166,251,414$0$0$139,184,721
99$182,865,205$0$0$153,097,397
100$201,162,771$0$0$168,420,215