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%13.8%
1 years$118,914$117,855$116,821$115,813$114,828$113,018
2 years$58,868$57,772$56,709$55,679$54,680$52,862
3 years$38,856$37,755$36,695$35,674$34,691$32,921
4 years$28,851$27,754$26,704$25,701$24,742$23,033
5 years$22,850$21,759$20,724$19,741$18,808$17,166
6 years$18,851$17,768$16,748$15,787$14,883$13,308
7 years$15,995$14,922$13,917$12,979$12,103$10,598
8 years$13,855$12,791$11,803$10,888$10,041$8,604
9 years$12,191$11,136$10,166$9,274$8,456$7,086
10 years$10,860$9,816$8,863$7,994$7,205$5,902
11 years$9,772$8,739$7,803$6,958$6,196$4,959
12 years$8,866$7,843$6,925$6,103$5,370$4,195
13 years$8,100$7,088$6,187$5,388$4,683$3,570
14 years$7,444$6,443$5,559$4,783$4,105$3,053
15 years$6,876$5,886$5,019$4,265$3,614$2,620
16 years$6,380$5,400$4,550$3,819$3,194$2,257
17 years$5,942$4,973$4,141$3,431$2,832$1,949
18 years$5,554$4,596$3,780$3,092$2,518$1,687
19 years$5,206$4,259$3,460$2,794$2,245$1,463
20 years$4,894$3,958$3,176$2,531$2,005$1,271
21 years$4,612$3,687$2,921$2,297$1,794$1,106
22 years$4,356$3,441$2,692$2,088$1,608$964
23 years$4,123$3,218$2,486$1,902$1,444$841
24 years$3,909$3,016$2,299$1,735$1,298$734
25 years$3,713$2,830$2,129$1,584$1,168$641
26 years$3,532$2,660$1,975$1,448$1,052$561
27 years$3,364$2,503$1,834$1,326$948$490
28 years$3,209$2,359$1,705$1,215$856$429
29 years$3,065$2,225$1,586$1,114$773$376
30 years$2,931$2,101$1,478$1,022$698$329
31 years$2,806$1,986$1,378$939$631$289
32 years$2,689$1,880$1,285$863$571$253
33 years$2,579$1,780$1,200$794$517$222
34 years$2,476$1,687$1,121$730$468$195
35 years$2,379$1,600$1,048$672$424$171
36 years$2,287$1,519$981$619$384$150
37 years$2,201$1,442$918$570$348$132
38 years$2,119$1,371$860$526$315$116
39 years$2,042$1,304$805$485$286$101
40 years$1,969$1,240$755$447$259$89
41 years$1,899$1,181$708$412$235$78
42 years$1,833$1,124$664$381$214$69
43 years$1,771$1,071$623$351$194$60
44 years$1,711$1,021$585$324$176$53
45 years$1,654$974$549$300$160$47
46 years$1,600$929$516$277$145$41
47 years$1,548$886$485$256$132$36
48 years$1,499$846$455$236$120$32
49 years$1,451$808$428$218$109$28
50 years$1,406$772$402$202$99$24

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 $6,593 every year, while hoping to spend $41,549 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: 62/32/6 Blend
41$1,440,000$1,440,000$1,440,000$1,440,000
42$1,593,681$1,517,361$1,495,041$1,690,371
43$1,712,028$1,547,504$1,500,917$1,785,842
44$1,841,055$1,577,731$1,505,597$1,884,548
45$1,981,806$1,608,003$1,508,998$1,991,203
46$2,135,431$1,638,277$1,511,031$2,106,574
47$2,303,199$1,668,505$1,511,604$2,231,506
48$2,486,502$1,698,639$1,510,619$2,366,928
49$2,686,875$1,728,623$1,507,975$2,513,864
50$2,906,010$1,758,399$1,503,566$2,673,443
51$3,145,766$1,787,903$1,497,278$2,846,908
52$3,408,193$1,817,069$1,488,996$3,035,630
53$3,695,546$1,845,823$1,478,595$3,241,117
54$4,010,310$1,874,087$1,465,946$3,465,033
55$4,355,222$1,901,777$1,450,915$3,709,212
56$4,733,294$1,928,803$1,433,360$3,975,673
57$5,147,845$1,955,070$1,413,133$4,266,643
58$5,602,531$1,980,474$1,390,079$4,584,575
59$6,101,377$2,004,906$1,364,035$4,932,172
60$6,648,819$2,028,247$1,334,831$5,312,415
61$7,249,740$2,050,373$1,302,289$5,728,589
62$7,909,522$2,071,149$1,266,224$6,184,313
63$8,634,090$2,090,433$1,226,440$6,683,577
64$9,429,976$2,108,073$1,182,735$7,230,778
65$10,304,371$2,123,906$1,134,894$7,830,764
66$11,265,199$2,137,760$1,082,695$8,488,877
67$12,321,190$2,149,451$1,025,906$9,211,005
68$13,481,961$2,158,783$964,283$10,003,639
69$14,758,106$2,165,549$897,572$10,873,931
70$16,161,299$2,169,527$825,507$11,829,768
71$17,704,401$2,170,483$747,810$12,879,841
72$19,401,581$2,168,167$664,193$14,033,728
73$21,268,450$2,162,315$574,351$15,301,989
74$23,322,208$2,152,645$477,968$16,696,262
75$25,581,808$2,138,860$374,715$18,229,375
76$28,068,131$2,120,641$264,246$19,915,468
77$30,804,182$2,097,655$146,200$21,770,126
78$33,815,314$2,069,546$20,203$23,810,527
79$37,129,458$2,035,936$0$26,055,603
80$40,777,392$1,996,425$0$28,533,541
81$44,793,028$1,950,592$0$31,261,881
82$49,213,734$1,897,988$0$34,264,712
83$54,080,684$1,838,138$0$37,570,004
84$59,439,247$1,770,541$0$41,208,590
85$65,339,418$1,694,666$0$45,214,447
86$71,836,284$1,609,949$0$49,625,024
87$78,990,545$1,515,797$0$54,481,597
88$86,869,091$1,411,581$0$59,829,654
89$95,545,625$1,296,636$0$65,719,331
90$105,101,367$1,170,259$0$72,205,883
91$115,625,812$1,031,707$0$79,350,209
92$127,217,579$880,195$0$87,219,426
93$139,985,342$714,895$0$95,887,505
94$154,048,851$534,929$0$105,435,970
95$169,540,066$339,372$0$115,954,671
96$186,604,399$127,248$0$127,542,632
97$205,402,088$0$0$140,308,988
98$226,109,709$0$0$154,410,101
99$248,921,840$0$0$169,993,832
100$274,052,900$0$0$187,161,873