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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$118,914$117,855$116,821$115,813$114,828$111,599
2 years$58,868$57,772$56,709$55,679$54,680$51,452
3 years$38,856$37,755$36,695$35,674$34,691$31,565
4 years$28,851$27,754$26,704$25,701$24,742$21,741
5 years$22,850$21,759$20,724$19,741$18,808$15,941
6 years$18,851$17,768$16,748$15,787$14,883$12,152
7 years$15,995$14,922$13,917$12,979$12,103$9,509
8 years$13,855$12,791$11,803$10,888$10,041$7,582
9 years$12,191$11,136$10,166$9,274$8,456$6,130
10 years$10,860$9,816$8,863$7,994$7,205$5,008
11 years$9,772$8,739$7,803$6,958$6,196$4,126
12 years$8,866$7,843$6,925$6,103$5,370$3,421
13 years$8,100$7,088$6,187$5,388$4,683$2,852
14 years$7,444$6,443$5,559$4,783$4,105$2,387
15 years$6,876$5,886$5,019$4,265$3,614$2,005
16 years$6,380$5,400$4,550$3,819$3,194$1,690
17 years$5,942$4,973$4,141$3,431$2,832$1,427
18 years$5,554$4,596$3,780$3,092$2,518$1,207
19 years$5,206$4,259$3,460$2,794$2,245$1,023
20 years$4,894$3,958$3,176$2,531$2,005$869
21 years$4,612$3,687$2,921$2,297$1,794$738
22 years$4,356$3,441$2,692$2,088$1,608$628
23 years$4,123$3,218$2,486$1,902$1,444$535
24 years$3,909$3,016$2,299$1,735$1,298$455
25 years$3,713$2,830$2,129$1,584$1,168$388
26 years$3,532$2,660$1,975$1,448$1,052$331
27 years$3,364$2,503$1,834$1,326$948$282
28 years$3,209$2,359$1,705$1,215$856$241
29 years$3,065$2,225$1,586$1,114$773$206
30 years$2,931$2,101$1,478$1,022$698$176
31 years$2,806$1,986$1,378$939$631$150
32 years$2,689$1,880$1,285$863$571$128
33 years$2,579$1,780$1,200$794$517$110
34 years$2,476$1,687$1,121$730$468$94
35 years$2,379$1,600$1,048$672$424$80
36 years$2,287$1,519$981$619$384$69
37 years$2,201$1,442$918$570$348$59
38 years$2,119$1,371$860$526$315$50
39 years$2,042$1,304$805$485$286$43
40 years$1,969$1,240$755$447$259$37
41 years$1,899$1,181$708$412$235$31
42 years$1,833$1,124$664$381$214$27
43 years$1,771$1,071$623$351$194$23
44 years$1,711$1,021$585$324$176$20
45 years$1,654$974$549$300$160$17
46 years$1,600$929$516$277$145$14
47 years$1,548$886$485$256$132$12
48 years$1,499$846$455$236$120$10
49 years$1,451$808$428$218$109$9
50 years$1,406$772$402$202$99$8

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 $6,437 every year, while hoping to spend $56,964 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: 31/42/27 Blend
41$1,440,000$1,440,000$1,440,000$1,440,000
42$1,593,520$1,517,200$1,494,880$1,629,558
43$1,695,450$1,530,933$1,484,349$1,671,610
44$1,805,867$1,543,431$1,471,556$1,711,384
45$1,925,578$1,554,571$1,456,366$1,753,070
46$2,055,467$1,564,226$1,438,635$1,796,873
47$2,196,511$1,572,258$1,418,214$1,843,025
48$2,349,779$1,578,523$1,394,949$1,891,785
49$2,516,451$1,582,865$1,368,674$1,943,442
50$2,697,824$1,585,121$1,339,220$1,998,318
51$2,895,325$1,585,115$1,306,407$2,056,774
52$3,110,524$1,582,661$1,270,047$2,119,214
53$3,345,150$1,577,564$1,229,946$2,186,085
54$3,601,104$1,569,614$1,185,898$2,257,890
55$3,880,480$1,558,588$1,137,689$2,335,184
56$4,185,582$1,544,252$1,085,095$2,418,591
57$4,518,948$1,526,357$1,027,882$2,508,801
58$4,883,369$1,504,637$965,805$2,606,583
59$5,281,922$1,478,813$898,608$2,712,795
60$5,717,991$1,448,588$826,024$2,828,386
61$6,195,304$1,413,647$747,775$2,954,414
62$6,717,967$1,373,657$663,567$3,092,054
63$7,290,499$1,328,267$573,096$3,242,610
64$7,917,880$1,277,102$476,045$3,407,529
65$8,605,592$1,219,768$372,081$3,588,419
66$9,359,674$1,155,847$260,856$3,787,061
67$10,186,775$1,084,899$142,010$4,005,432
68$11,094,222$1,006,454$15,163$4,245,723
69$12,090,083$920,021$0$4,510,363
70$13,183,245$825,076$0$4,836,675
71$14,383,500$721,068$0$5,199,921
72$15,701,630$607,414$0$5,599,156
73$17,149,517$483,498$0$6,038,166
74$18,740,247$348,669$0$6,521,134
75$20,488,239$202,240$0$7,052,682
76$22,409,375$43,485$0$7,637,914
77$24,521,154$0$0$8,282,471
78$26,842,854$0$0$9,051,904
79$29,395,714$0$0$9,920,291
80$32,203,135$0$0$10,875,523
81$35,290,899$0$0$11,926,405
82$38,687,410$0$0$13,082,636
83$42,423,966$0$0$14,354,905
84$46,535,050$0$0$15,754,987
85$51,058,654$0$0$17,295,858
86$56,036,643$0$0$18,991,815
87$61,515,143$0$0$20,858,610
88$67,544,976$0$0$22,913,601
89$74,182,143$0$0$25,175,916
90$81,488,351$0$0$27,666,627
91$89,531,590$0$0$30,408,959
92$98,386,779$0$0$33,428,498
93$108,136,471$0$0$36,753,443
94$118,871,630$0$0$40,414,862
95$130,692,491$0$0$44,446,991
96$143,709,501$0$0$48,887,557
97$158,044,368$0$0$53,778,130
98$173,831,201$0$0$59,164,518
99$191,217,779$0$0$65,097,201
100$210,366,946$0$0$71,631,801