Can I retire at age 42 with 1,440,000?

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 $1,440,000?

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$118,914$117,855$116,821$115,813$114,828$112,786
2 years$58,868$57,772$56,709$55,679$54,680$52,630
3 years$38,856$37,755$36,695$35,674$34,691$32,697
4 years$28,851$27,754$26,704$25,701$24,742$22,819
5 years$22,850$21,759$20,724$19,741$18,808$16,962
6 years$18,851$17,768$16,748$15,787$14,883$13,114
7 years$15,995$14,922$13,917$12,979$12,103$10,414
8 years$13,855$12,791$11,803$10,888$10,041$8,430
9 years$12,191$11,136$10,166$9,274$8,456$6,923
10 years$10,860$9,816$8,863$7,994$7,205$5,748
11 years$9,772$8,739$7,803$6,958$6,196$4,814
12 years$8,866$7,843$6,925$6,103$5,370$4,060
13 years$8,100$7,088$6,187$5,388$4,683$3,444
14 years$7,444$6,443$5,559$4,783$4,105$2,935
15 years$6,876$5,886$5,019$4,265$3,614$2,510
16 years$6,380$5,400$4,550$3,819$3,194$2,154
17 years$5,942$4,973$4,141$3,431$2,832$1,854
18 years$5,554$4,596$3,780$3,092$2,518$1,599
19 years$5,206$4,259$3,460$2,794$2,245$1,382
20 years$4,894$3,958$3,176$2,531$2,005$1,196
21 years$4,612$3,687$2,921$2,297$1,794$1,037
22 years$4,356$3,441$2,692$2,088$1,608$900
23 years$4,123$3,218$2,486$1,902$1,444$782
24 years$3,909$3,016$2,299$1,735$1,298$680
25 years$3,713$2,830$2,129$1,584$1,168$592
26 years$3,532$2,660$1,975$1,448$1,052$515
27 years$3,364$2,503$1,834$1,326$948$449
28 years$3,209$2,359$1,705$1,215$856$391
29 years$3,065$2,225$1,586$1,114$773$341
30 years$2,931$2,101$1,478$1,022$698$298
31 years$2,806$1,986$1,378$939$631$260
32 years$2,689$1,880$1,285$863$571$227
33 years$2,579$1,780$1,200$794$517$198
34 years$2,476$1,687$1,121$730$468$173
35 years$2,379$1,600$1,048$672$424$151
36 years$2,287$1,519$981$619$384$132
37 years$2,201$1,442$918$570$348$116
38 years$2,119$1,371$860$526$315$101
39 years$2,042$1,304$805$485$286$88
40 years$1,969$1,240$755$447$259$77
41 years$1,899$1,181$708$412$235$68
42 years$1,833$1,124$664$381$214$59
43 years$1,771$1,071$623$351$194$52
44 years$1,711$1,021$585$324$176$45
45 years$1,654$974$549$300$160$39
46 years$1,600$929$516$277$145$35
47 years$1,548$886$485$256$132$30
48 years$1,499$846$455$236$120$26
49 years$1,451$808$428$218$109$23
50 years$1,406$772$402$202$99$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,440,000, adding $6,726 every year, while hoping to spend $49,022 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: 50/32/18 Blend
41$1,440,000$1,440,000$1,440,000$1,440,000
42$1,593,818$1,517,498$1,495,178$1,665,231
43$1,704,228$1,539,696$1,493,107$1,737,430
44$1,824,258$1,561,339$1,489,324$1,810,247
45$1,954,835$1,582,348$1,483,720$1,888,328
46$2,096,983$1,602,638$1,476,180$1,972,187
47$2,251,827$1,622,119$1,466,583$2,062,392
48$2,420,606$1,640,695$1,454,806$2,159,568
49$2,604,680$1,658,262$1,440,715$2,264,409
50$2,805,552$1,674,711$1,424,173$2,377,677
51$3,024,871$1,689,925$1,405,036$2,500,217
52$3,264,455$1,703,778$1,383,151$2,632,960
53$3,526,305$1,716,139$1,358,362$2,776,935
54$3,812,622$1,726,864$1,330,502$2,933,276
55$4,125,833$1,735,804$1,299,397$3,103,238
56$4,468,608$1,742,798$1,264,867$3,288,205
57$4,843,887$1,747,676$1,226,721$3,489,703
58$5,254,908$1,750,257$1,184,761$3,709,421
59$5,705,237$1,750,348$1,138,779$3,949,219
60$6,198,801$1,747,745$1,088,557$4,211,152
61$6,739,925$1,742,230$1,033,870$4,497,489
62$7,333,372$1,733,574$974,479$4,810,733
63$7,984,389$1,721,532$910,137$5,153,647
64$8,698,754$1,705,845$840,585$5,529,280
65$9,482,833$1,686,238$765,551$5,940,996
66$10,343,638$1,662,419$684,752$6,392,510
67$11,288,892$1,634,081$597,894$6,887,917
68$12,327,103$1,600,895$504,668$7,431,741
69$13,467,645$1,562,515$404,751$8,028,967
70$14,720,841$1,518,575$297,807$8,685,102
71$16,098,068$1,468,686$183,485$9,406,215
72$17,611,856$1,412,437$61,417$10,199,008
73$19,276,012$1,349,394$0$11,070,868
74$21,105,746$1,279,095$0$12,043,174
75$23,117,816$1,201,054$0$13,125,140
76$25,330,684$1,114,756$0$14,314,960
77$27,764,693$1,019,658$0$15,623,658
78$30,442,254$915,184$0$17,063,390
79$33,388,062$800,726$0$18,647,558
80$36,629,324$675,641$0$20,390,936
81$40,196,019$539,251$0$22,309,815
82$44,121,177$390,839$0$24,422,153
83$48,441,194$229,647$0$26,747,750
84$53,196,172$54,877$0$29,308,432
85$58,430,299$0$0$32,128,263
86$64,192,261$0$0$35,281,067
87$70,535,710$0$0$38,773,507
88$77,519,759$0$0$42,618,831
89$85,209,547$0$0$46,852,925
90$93,676,851$0$0$51,515,337
91$103,000,762$0$0$56,649,643
92$113,268,431$0$0$62,303,860
93$124,575,892$0$0$68,530,899
94$137,028,968$0$0$75,389,066
95$150,744,268$0$0$82,942,608
96$165,850,286$0$0$91,262,323
97$182,488,615$0$0$100,426,226
98$200,815,285$0$0$110,520,283
99$221,002,230$0$0$121,639,228
100$243,238,912$0$0$133,887,451