Can I retire at age 42 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$117,262$116,218$115,199$114,204$113,233$110,138
2 years$58,051$56,969$55,922$54,906$53,920$50,825
3 years$38,316$37,230$36,185$35,179$34,209$31,210
4 years$28,451$27,368$26,333$25,344$24,398$21,519
5 years$22,533$21,457$20,436$19,467$18,547$15,795
6 years$18,589$17,521$16,515$15,568$14,676$12,054
7 years$15,773$14,714$13,724$12,799$11,935$9,443
8 years$13,662$12,613$11,639$10,737$9,902$7,538
9 years$12,021$10,982$10,025$9,145$8,339$6,101
10 years$10,709$9,680$8,740$7,883$7,105$4,991
11 years$9,636$8,617$7,694$6,861$6,110$4,117
12 years$8,743$7,735$6,829$6,018$5,295$3,419
13 years$7,988$6,990$6,101$5,313$4,617$2,853
14 years$7,341$6,354$5,482$4,716$4,048$2,392
15 years$6,781$5,804$4,949$4,206$3,564$2,012
16 years$6,291$5,325$4,487$3,766$3,150$1,698
17 years$5,860$4,904$4,083$3,384$2,793$1,436
18 years$5,476$4,532$3,727$3,049$2,483$1,217
19 years$5,134$4,200$3,412$2,755$2,213$1,033
20 years$4,826$3,903$3,132$2,496$1,977$878
21 years$4,548$3,635$2,880$2,265$1,769$747
22 years$4,295$3,393$2,655$2,059$1,586$637
23 years$4,065$3,174$2,451$1,875$1,424$543
24 years$3,855$2,974$2,267$1,711$1,280$463
25 years$3,661$2,791$2,100$1,562$1,151$395
26 years$3,483$2,623$1,947$1,428$1,037$338
27 years$3,318$2,468$1,808$1,307$935$289
28 years$3,165$2,326$1,681$1,198$844$247
29 years$3,023$2,194$1,564$1,098$762$211
30 years$2,891$2,072$1,457$1,008$688$181
31 years$2,767$1,959$1,358$926$622$155
32 years$2,651$1,854$1,267$851$563$132
33 years$2,543$1,755$1,183$782$509$113
34 years$2,441$1,664$1,106$720$461$97
35 years$2,346$1,578$1,034$663$418$83
36 years$2,255$1,498$967$610$379$71
37 years$2,170$1,422$905$562$343$61
38 years$2,090$1,352$848$518$311$52
39 years$2,014$1,285$794$478$282$45
40 years$1,941$1,223$744$441$256$38
41 years$1,873$1,164$698$407$232$33
42 years$1,808$1,109$655$375$211$28
43 years$1,746$1,056$614$347$191$24
44 years$1,687$1,007$577$320$173$21
45 years$1,631$960$541$295$158$18
46 years$1,578$916$509$273$143$15
47 years$1,527$874$478$252$130$13
48 years$1,478$835$449$233$118$11
49 years$1,431$797$422$215$107$10
50 years$1,386$761$397$199$97$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,420,000, adding $3,625 every year, while hoping to spend $40,617 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: 51/29/20 Blend
41$1,420,000$1,420,000$1,420,000$1,420,000
42$1,568,579$1,493,319$1,471,309$1,639,702
43$1,685,358$1,523,276$1,477,382$1,719,127
44$1,812,687$1,553,339$1,482,297$1,800,949
45$1,951,600$1,583,471$1,485,972$1,889,049
46$2,103,233$1,613,631$1,488,322$1,984,037
47$2,268,838$1,643,774$1,489,257$2,086,582
48$2,449,794$1,673,854$1,488,681$2,197,427
49$2,647,619$1,703,818$1,486,497$2,317,388
50$2,863,981$1,733,610$1,482,600$2,447,366
51$3,100,721$1,763,171$1,476,881$2,588,352
52$3,359,864$1,792,436$1,469,226$2,741,443
53$3,643,640$1,821,335$1,459,515$2,907,846
54$3,954,504$1,849,794$1,447,622$3,088,893
55$4,295,162$1,877,732$1,433,416$3,286,052
56$4,668,593$1,905,065$1,416,759$3,500,943
57$5,078,075$1,931,699$1,397,507$3,735,352
58$5,527,224$1,957,537$1,375,508$3,991,249
59$6,020,017$1,982,474$1,350,605$4,270,805
60$6,560,840$2,006,396$1,322,631$4,576,417
61$7,154,521$2,029,184$1,291,414$4,910,725
62$7,806,378$2,050,710$1,256,772$5,276,643
63$8,522,270$2,070,836$1,218,515$5,677,383
64$9,308,652$2,089,417$1,176,446$6,116,487
65$10,172,633$2,106,298$1,130,356$6,597,861
66$11,122,048$2,121,313$1,080,029$7,125,812
67$12,165,525$2,134,285$1,025,238$7,705,091
68$13,312,571$2,145,027$965,746$8,340,933
69$14,573,660$2,153,340$901,305$9,039,115
70$15,960,330$2,159,011$831,656$9,806,003
71$17,485,296$2,161,815$756,529$10,648,618
72$19,162,565$2,161,513$675,641$11,574,701
73$21,007,569$2,157,849$588,697$12,592,788
74$23,037,311$2,150,554$495,389$13,712,290
75$25,270,526$2,139,341$395,394$14,943,581
76$27,727,857$2,123,906$288,377$16,298,102
77$30,432,048$2,103,926$173,987$17,788,465
78$33,408,158$2,079,060$51,857$19,428,575
79$36,683,801$2,048,945$0$21,233,761
80$40,289,402$2,013,196$0$23,237,672
81$44,258,485$1,971,407$0$25,455,090
82$48,627,991$1,923,147$0$27,895,566
83$53,438,624$1,867,958$0$30,581,839
84$58,735,235$1,805,359$0$33,538,967
85$64,567,244$1,734,838$0$36,794,570
86$70,989,111$1,655,852$0$40,379,090
87$78,060,843$1,567,831$0$44,326,076
88$85,848,562$1,470,168$0$48,672,508
89$94,425,133$1,362,224$0$53,459,139
90$103,870,844$1,243,321$0$58,730,887
91$114,274,170$1,112,743$0$64,537,259
92$125,732,602$969,735$0$70,932,816
93$138,353,573$813,497$0$77,977,693
94$152,255,464$643,185$0$85,738,165
95$167,568,728$457,908$0$94,287,276
96$184,437,116$256,723$0$103,705,531
97$203,019,035$38,636$0$114,081,655
98$223,489,044$0$0$125,513,432
99$246,039,499$0$0$138,171,627
100$270,882,369$0$0$152,130,431