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%14.3%
1 years$116,436$115,399$114,387$113,400$112,435$110,436
2 years$57,642$56,568$55,528$54,519$53,541$51,534
3 years$38,046$36,968$35,930$34,931$33,968$32,016
4 years$28,250$27,175$26,148$25,166$24,227$22,343
5 years$22,374$21,306$20,292$19,330$18,417$16,608
6 years$18,458$17,398$16,399$15,458$14,572$12,841
7 years$15,662$14,611$13,628$12,709$11,851$10,197
8 years$13,566$12,524$11,557$10,661$9,832$8,254
9 years$11,937$10,904$9,954$9,081$8,280$6,778
10 years$10,634$9,612$8,678$7,828$7,055$5,628
11 years$9,569$8,557$7,640$6,813$6,067$4,714
12 years$8,681$7,680$6,781$5,976$5,258$3,976
13 years$7,931$6,941$6,058$5,276$4,585$3,372
14 years$7,289$6,309$5,443$4,683$4,019$2,873
15 years$6,733$5,763$4,914$4,176$3,539$2,458
16 years$6,247$5,288$4,456$3,740$3,128$2,109
17 years$5,818$4,870$4,054$3,360$2,773$1,815
18 years$5,438$4,500$3,701$3,028$2,466$1,566
19 years$5,098$4,170$3,388$2,736$2,198$1,353
20 years$4,792$3,875$3,110$2,478$1,963$1,171
21 years$4,516$3,610$2,860$2,249$1,757$1,015
22 years$4,265$3,370$2,636$2,045$1,575$881
23 years$4,037$3,151$2,434$1,862$1,414$765
24 years$3,827$2,953$2,251$1,698$1,270$666
25 years$3,635$2,771$2,085$1,551$1,143$579
26 years$3,458$2,604$1,934$1,418$1,030$505
27 years$3,294$2,451$1,796$1,298$928$440
28 years$3,143$2,309$1,669$1,189$838$383
29 years$3,002$2,179$1,553$1,091$756$334
30 years$2,870$2,058$1,447$1,001$684$292
31 years$2,747$1,945$1,349$919$618$255
32 years$2,633$1,840$1,259$845$559$222
33 years$2,525$1,743$1,175$777$506$194
34 years$2,424$1,652$1,098$715$458$170
35 years$2,329$1,567$1,026$658$415$148
36 years$2,239$1,487$960$606$376$130
37 years$2,155$1,412$899$558$341$113
38 years$2,075$1,342$842$515$309$99
39 years$1,999$1,276$789$475$280$87
40 years$1,928$1,214$739$438$254$76
41 years$1,860$1,156$693$404$230$66
42 years$1,795$1,101$650$373$209$58
43 years$1,734$1,049$610$344$190$51
44 years$1,675$1,000$573$318$172$44
45 years$1,620$953$538$293$156$39
46 years$1,566$910$505$271$142$34
47 years$1,516$868$474$250$129$30
48 years$1,467$829$446$231$117$26
49 years$1,421$791$419$214$106$23
50 years$1,377$756$394$198$97$20

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 $3,922 every year, while hoping to spend $48,998 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: 71/5/24 Blend
41$1,410,000$1,410,000$1,410,000$1,410,000
42$1,557,866$1,483,136$1,461,281$1,658,816
43$1,664,634$1,503,676$1,458,100$1,747,300
44$1,780,651$1,523,580$1,453,171$1,838,032
45$1,906,808$1,542,766$1,446,382$1,936,203
46$2,044,086$1,561,145$1,437,619$2,042,546
47$2,193,563$1,578,621$1,426,760$2,157,873
48$2,356,428$1,595,095$1,413,678$2,283,075
49$2,533,988$1,610,459$1,398,240$2,419,137
50$2,727,681$1,624,597$1,380,307$2,567,144
51$2,939,089$1,637,388$1,359,733$2,728,291
52$3,169,957$1,648,701$1,336,365$2,903,898
53$3,422,203$1,658,397$1,310,043$3,095,420
54$3,697,938$1,666,329$1,280,600$3,304,460
55$3,999,489$1,672,340$1,247,861$3,532,785
56$4,329,414$1,676,263$1,211,642$3,782,345
57$4,690,535$1,677,920$1,171,753$4,055,289
58$5,085,955$1,677,123$1,127,992$4,353,988
59$5,519,093$1,673,673$1,080,150$4,681,052
60$5,993,713$1,667,356$1,028,008$5,039,364
61$6,513,962$1,657,947$971,336$5,432,098
62$7,084,407$1,645,207$909,897$5,862,756
63$7,710,077$1,628,882$843,439$6,335,197
64$8,396,512$1,608,704$771,701$6,853,678
65$9,149,813$1,584,388$694,410$7,422,891
66$9,976,702$1,555,631$611,280$8,048,007
67$10,884,582$1,522,113$522,015$8,734,729
68$11,881,609$1,483,496$426,302$9,489,343
69$12,976,767$1,439,422$323,817$10,318,780
70$14,179,953$1,389,509$214,221$11,230,680
71$15,502,070$1,333,357$97,159$12,233,464
72$16,955,129$1,270,540$0$13,336,417
73$18,552,364$1,200,607$0$14,556,884
74$20,308,352$1,123,085$0$15,926,051
75$22,239,157$1,037,468$0$17,431,551
76$24,362,473$943,226$0$19,087,201
77$26,697,797$839,796$0$20,908,226
78$29,266,611$726,585$0$22,911,401
79$32,092,581$602,963$0$25,115,210
80$35,201,784$468,268$0$27,540,020
81$38,622,953$321,800$0$30,208,274
82$42,387,744$162,819$0$33,144,702
83$46,531,039$0$0$36,376,554
84$51,091,273$0$0$39,934,378
85$56,110,793$0$0$43,860,477
86$61,636,263$0$0$48,182,401
87$67,719,100$0$0$52,940,378
88$74,415,958$0$0$58,178,735
89$81,789,264$0$0$63,946,315
90$89,907,809$0$0$70,296,939
91$98,847,391$0$0$77,289,911
92$108,691,533$0$0$84,990,582
93$119,532,271$0$0$93,470,959
94$131,471,022$0$0$102,810,392
95$144,619,539$0$0$113,096,317
96$159,100,967$0$0$124,425,083
97$175,051,003$0$0$136,902,861
98$192,619,177$0$0$150,646,645
99$211,970,263$0$0$165,785,354
100$233,285,834$0$0$182,461,054