Can I retire at age 42 with 1,460,000?

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 $1,460,000?

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$120,565$119,492$118,444$117,421$116,422$113,149
2 years$59,686$58,574$57,497$56,452$55,439$52,167
3 years$39,395$38,279$37,204$36,170$35,173$32,003
4 years$29,252$28,139$27,075$26,058$25,086$22,043
5 years$23,168$22,061$21,011$20,015$19,070$16,163
6 years$19,113$18,015$16,980$16,006$15,089$12,321
7 years$16,217$15,129$14,111$13,160$12,272$9,641
8 years$14,047$12,968$11,967$11,039$10,180$7,687
9 years$12,360$11,291$10,307$9,403$8,573$6,215
10 years$11,011$9,953$8,986$8,106$7,305$5,078
11 years$9,908$8,860$7,911$7,054$6,283$4,183
12 years$8,989$7,952$7,021$6,188$5,444$3,469
13 years$8,213$7,187$6,273$5,463$4,748$2,891
14 years$7,548$6,532$5,636$4,849$4,162$2,420
15 years$6,972$5,968$5,089$4,325$3,664$2,033
16 years$6,468$5,475$4,614$3,872$3,238$1,713
17 years$6,025$5,042$4,198$3,479$2,871$1,447
18 years$5,631$4,659$3,832$3,135$2,553$1,224
19 years$5,279$4,318$3,508$2,833$2,276$1,038
20 years$4,962$4,013$3,220$2,566$2,033$881
21 years$4,676$3,738$2,962$2,329$1,819$748
22 years$4,416$3,489$2,730$2,117$1,631$637
23 years$4,180$3,263$2,520$1,928$1,464$542
24 years$3,963$3,057$2,331$1,759$1,316$462
25 years$3,764$2,869$2,159$1,606$1,184$394
26 years$3,581$2,697$2,002$1,469$1,066$336
27 years$3,411$2,538$1,859$1,344$961$286
28 years$3,254$2,391$1,728$1,232$867$244
29 years$3,108$2,256$1,608$1,129$783$209
30 years$2,972$2,131$1,498$1,037$708$178
31 years$2,845$2,014$1,397$952$640$152
32 years$2,726$1,906$1,303$875$579$130
33 years$2,615$1,805$1,217$805$524$111
34 years$2,510$1,710$1,137$740$474$95
35 years$2,412$1,622$1,063$681$430$81
36 years$2,319$1,540$994$628$389$69
37 years$2,231$1,463$931$578$353$59
38 years$2,149$1,390$872$533$320$51
39 years$2,070$1,322$817$491$290$43
40 years$1,996$1,257$765$453$263$37
41 years$1,926$1,197$718$418$239$32
42 years$1,859$1,140$673$386$217$27
43 years$1,795$1,086$632$356$197$23
44 years$1,735$1,035$593$329$178$20
45 years$1,677$987$557$304$162$17
46 years$1,622$942$523$281$147$15
47 years$1,570$899$491$259$134$12
48 years$1,519$858$462$240$121$11
49 years$1,471$819$434$221$110$9
50 years$1,425$783$408$205$100$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,460,000, adding $5,876 every year, while hoping to spend $29,722 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: 40/40/20 Blend
41$1,460,000$1,460,000$1,460,000$1,460,000
42$1,614,981$1,537,601$1,514,971$1,669,799
43$1,748,085$1,581,320$1,534,099$1,753,298
44$1,893,770$1,626,184$1,552,871$1,840,288
45$2,053,287$1,672,219$1,571,244$1,933,786
46$2,228,014$1,719,451$1,589,173$2,034,401
47$2,419,471$1,767,903$1,606,610$2,142,803
48$2,629,328$1,817,602$1,623,503$2,259,729
49$2,859,428$1,868,572$1,639,798$2,385,991
50$3,111,798$1,920,840$1,655,440$2,522,481
51$3,388,672$1,974,432$1,670,368$2,670,183
52$3,692,510$2,029,373$1,684,519$2,830,179
53$4,026,023$2,085,690$1,697,827$3,003,661
54$4,392,196$2,143,407$1,710,223$3,191,942
55$4,794,318$2,202,551$1,721,633$3,396,466
56$5,236,010$2,263,149$1,731,980$3,618,827
57$5,721,265$2,325,224$1,741,183$3,860,776
58$6,254,477$2,388,804$1,749,156$4,124,245
59$6,840,491$2,453,913$1,755,810$4,411,362
60$7,484,643$2,520,575$1,761,051$4,724,468
61$8,192,810$2,588,817$1,764,779$5,066,146
62$8,971,469$2,658,662$1,766,892$5,439,240
63$9,827,755$2,730,133$1,767,279$5,846,881
64$10,769,531$2,803,254$1,765,828$6,292,521
65$11,805,457$2,878,047$1,762,417$6,779,964
66$12,945,077$2,954,534$1,756,921$7,313,398
67$14,198,904$3,032,737$1,749,208$7,897,441
68$15,578,526$3,112,674$1,739,139$8,537,180
69$17,096,706$3,194,365$1,726,571$9,238,218
70$18,767,509$3,277,828$1,711,350$10,006,733
71$20,606,432$3,363,079$1,693,317$10,849,529
72$22,630,552$3,450,133$1,672,307$11,774,105
73$24,858,683$3,539,005$1,648,144$12,788,726
74$27,311,558$3,629,705$1,620,646$13,902,496
75$30,012,020$3,722,245$1,589,622$15,125,452
76$32,985,242$3,816,631$1,554,870$16,468,650
77$36,258,961$3,912,870$1,516,183$17,944,276
78$39,863,740$4,010,965$1,473,339$19,565,760
79$43,833,257$4,110,918$1,426,111$21,347,899
80$48,204,622$4,212,725$1,374,259$23,307,001
81$53,018,728$4,316,383$1,317,531$25,461,039
82$58,320,635$4,421,884$1,255,666$27,829,817
83$64,159,998$4,529,214$1,188,389$30,435,162
84$70,591,532$4,638,360$1,115,414$33,301,127
85$77,675,530$4,749,301$1,036,442$36,454,219
86$85,478,431$4,862,013$951,159$39,923,650
87$94,073,447$4,976,468$859,239$43,741,612
88$103,541,256$5,092,632$760,341$47,943,584
89$113,970,759$5,210,467$654,108$52,568,664
90$125,459,923$5,329,926$540,167$57,659,940
91$138,116,703$5,450,960$418,130$63,264,896
92$152,060,060$5,573,510$287,591$69,435,863
93$167,421,085$5,697,512$148,125$76,230,512
94$184,344,239$5,822,893$0$83,712,400
95$202,988,710$5,949,573$0$91,951,718
96$223,529,920$6,077,464$0$101,059,249
97$246,161,179$6,206,466$0$111,088,517
98$271,095,509$6,336,473$0$122,133,379
99$298,567,656$6,467,365$0$134,297,258
100$328,836,305$6,599,014$0$147,694,129