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

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$120,565$119,492$118,444$117,421$116,422$112,922
2 years$59,686$58,574$57,497$56,452$55,439$51,942
3 years$39,395$38,279$37,204$36,170$35,173$31,789
4 years$29,252$28,139$27,075$26,058$25,086$21,840
5 years$23,168$22,061$21,011$20,015$19,070$15,972
6 years$19,113$18,015$16,980$16,006$15,089$12,142
7 years$16,217$15,129$14,111$13,160$12,272$9,475
8 years$14,047$12,968$11,967$11,039$10,180$7,532
9 years$12,360$11,291$10,307$9,403$8,573$6,071
10 years$11,011$9,953$8,986$8,106$7,305$4,945
11 years$9,908$8,860$7,911$7,054$6,283$4,060
12 years$8,989$7,952$7,021$6,188$5,444$3,356
13 years$8,213$7,187$6,273$5,463$4,748$2,788
14 years$7,548$6,532$5,636$4,849$4,162$2,326
15 years$6,972$5,968$5,089$4,325$3,664$1,947
16 years$6,468$5,475$4,614$3,872$3,238$1,634
17 years$6,025$5,042$4,198$3,479$2,871$1,375
18 years$5,631$4,659$3,832$3,135$2,553$1,159
19 years$5,279$4,318$3,508$2,833$2,276$979
20 years$4,962$4,013$3,220$2,566$2,033$828
21 years$4,676$3,738$2,962$2,329$1,819$701
22 years$4,416$3,489$2,730$2,117$1,631$594
23 years$4,180$3,263$2,520$1,928$1,464$503
24 years$3,963$3,057$2,331$1,759$1,316$427
25 years$3,764$2,869$2,159$1,606$1,184$363
26 years$3,581$2,697$2,002$1,469$1,066$308
27 years$3,411$2,538$1,859$1,344$961$262
28 years$3,254$2,391$1,728$1,232$867$223
29 years$3,108$2,256$1,608$1,129$783$189
30 years$2,972$2,131$1,498$1,037$708$161
31 years$2,845$2,014$1,397$952$640$137
32 years$2,726$1,906$1,303$875$579$117
33 years$2,615$1,805$1,217$805$524$99
34 years$2,510$1,710$1,137$740$474$84
35 years$2,412$1,622$1,063$681$430$72
36 years$2,319$1,540$994$628$389$61
37 years$2,231$1,463$931$578$353$52
38 years$2,149$1,390$872$533$320$44
39 years$2,070$1,322$817$491$290$38
40 years$1,996$1,257$765$453$263$32
41 years$1,926$1,197$718$418$239$27
42 years$1,859$1,140$673$386$217$23
43 years$1,795$1,086$632$356$197$20
44 years$1,735$1,035$593$329$178$17
45 years$1,677$987$557$304$162$14
46 years$1,622$942$523$281$147$12
47 years$1,570$899$491$259$134$10
48 years$1,519$858$462$240$121$9
49 years$1,471$819$434$221$110$8
50 years$1,425$783$408$205$100$6

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 $6,739 every year, while hoping to spend $51,574 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: 55/32/13 Blend
41$1,460,000$1,460,000$1,460,000$1,460,000
42$1,615,871$1,538,491$1,515,861$1,698,955
43$1,725,816$1,559,003$1,511,768$1,776,635
44$1,845,246$1,578,791$1,505,810$1,854,995
45$1,975,075$1,597,766$1,497,868$1,939,123
46$2,116,308$1,615,832$1,487,822$2,029,578
47$2,270,049$1,632,885$1,475,542$2,126,980
48$2,437,515$1,648,818$1,460,894$2,232,010
49$2,620,045$1,663,512$1,443,736$2,345,422
50$2,819,110$1,676,845$1,423,922$2,468,048
51$3,036,332$1,688,683$1,401,296$2,600,803
52$3,273,495$1,698,886$1,375,697$2,744,702
53$3,532,564$1,707,304$1,346,955$2,900,862
54$3,815,701$1,713,777$1,314,894$3,070,516
55$4,125,286$1,718,137$1,279,327$3,255,026
56$4,463,942$1,720,201$1,240,060$3,455,893
57$4,834,553$1,719,780$1,196,891$3,674,776
58$5,240,298$1,716,671$1,149,608$3,913,505
59$5,684,677$1,710,656$1,097,988$4,174,098
60$6,171,543$1,701,507$1,041,800$4,458,784
61$6,705,141$1,688,982$980,801$4,770,021
62$7,290,146$1,672,822$914,738$5,110,521
63$7,931,705$1,652,754$843,346$5,483,279
64$8,635,488$1,628,489$766,347$5,891,596
65$9,407,742$1,599,719$683,454$6,339,117
66$10,255,347$1,566,120$594,365$6,829,862
67$11,185,879$1,527,347$498,763$7,368,267
68$12,207,687$1,483,035$396,320$7,959,223
69$13,329,966$1,432,799$286,692$8,608,130
70$14,562,846$1,376,229$169,519$9,320,942
71$15,917,487$1,312,895$44,428$10,104,226
72$17,406,181$1,242,337$0$10,965,230
73$19,042,473$1,164,074$0$11,924,299
74$20,841,285$1,077,592$0$12,985,273
75$22,819,054$982,352$0$14,151,765
76$24,993,892$877,782$0$15,434,561
77$27,385,753$763,278$0$16,845,552
78$30,016,623$638,202$0$18,397,847
79$32,910,723$501,878$0$20,105,903
80$36,094,743$353,596$0$21,985,654
81$39,598,086$192,602$0$24,054,671
82$43,453,154$18,103$0$26,332,325
83$47,695,645$0$0$28,839,970
84$52,364,893$0$0$31,661,272
85$57,504,240$0$0$34,773,802
86$63,161,441$0$0$38,200,127
87$69,389,117$0$0$41,972,138
88$76,245,250$0$0$46,124,975
89$83,793,730$0$0$50,697,359
90$92,104,956$0$0$55,731,958
91$101,256,501$0$0$61,275,785
92$111,333,844$0$0$67,380,645
93$122,431,176$0$0$74,103,626
94$134,652,286$0$0$81,507,630
95$148,111,542$0$0$89,661,974
96$162,934,972$0$0$98,643,039
97$179,261,447$0$0$108,534,993
98$197,243,996$0$0$119,430,582
99$217,051,249$0$0$131,432,009
100$238,869,024$0$0$144,651,896