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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$82,579$81,843$81,126$80,425$79,741$76,943
2 years$40,881$40,119$39,381$38,666$37,972$35,182
3 years$26,983$26,218$25,482$24,774$24,091$21,397
4 years$20,036$19,273$18,545$17,848$17,182$14,605
5 years$15,868$15,111$14,391$13,709$13,061$10,608
6 years$13,091$12,339$11,630$10,963$10,335$8,006
7 years$11,108$10,362$9,665$9,013$8,405$6,202
8 years$9,621$8,882$8,197$7,561$6,973$4,892
9 years$8,466$7,734$7,060$6,440$5,872$3,912
10 years$7,542$6,817$6,155$5,552$5,003$3,160
11 years$6,786$6,069$5,419$4,832$4,303$2,573
12 years$6,157$5,447$4,809$4,238$3,729$2,109
13 years$5,625$4,922$4,296$3,742$3,252$1,736
14 years$5,170$4,474$3,860$3,321$2,850$1,435
15 years$4,775$4,087$3,485$2,962$2,510$1,191
16 years$4,430$3,750$3,160$2,652$2,218$990
17 years$4,126$3,454$2,875$2,383$1,967$825
18 years$3,857$3,191$2,625$2,148$1,749$689
19 years$3,615$2,958$2,403$1,940$1,559$576
20 years$3,399$2,748$2,205$1,757$1,392$482
21 years$3,203$2,560$2,029$1,595$1,246$404
22 years$3,025$2,390$1,870$1,450$1,117$339
23 years$2,863$2,235$1,726$1,321$1,002$285
24 years$2,714$2,094$1,596$1,205$901$239
25 years$2,578$1,965$1,479$1,100$811$201
26 years$2,453$1,847$1,371$1,006$730$169
27 years$2,336$1,738$1,273$921$658$142
28 years$2,229$1,638$1,184$844$594$119
29 years$2,129$1,545$1,102$774$537$100
30 years$2,036$1,459$1,026$710$485$85
31 years$1,949$1,380$957$652$438$71
32 years$1,867$1,305$893$599$396$60
33 years$1,791$1,236$833$551$359$50
34 years$1,719$1,172$779$507$325$42
35 years$1,652$1,111$728$467$294$36
36 years$1,588$1,055$681$430$267$30
37 years$1,528$1,002$637$396$242$25
38 years$1,472$952$597$365$219$21
39 years$1,418$905$559$337$199$18
40 years$1,367$861$524$310$180$15
41 years$1,319$820$492$286$163$13
42 years$1,273$781$461$264$148$11
43 years$1,230$744$433$244$135$9
44 years$1,188$709$406$225$122$8
45 years$1,149$676$381$208$111$6
46 years$1,111$645$358$192$101$5
47 years$1,075$616$336$178$91$5
48 years$1,041$588$316$164$83$4
49 years$1,008$561$297$152$75$3
50 years$976$536$279$140$69$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,000,000, adding $3,472 every year, while hoping to spend $25,095 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: 39/35/26 Blend
41$1,000,000$1,000,000$1,000,000$1,000,000
42$1,105,581$1,052,581$1,037,081$1,140,051
43$1,191,650$1,077,457$1,045,123$1,190,323
44$1,285,656$1,102,710$1,052,592$1,242,059
45$1,388,383$1,128,334$1,059,445$1,297,515
46$1,500,694$1,154,318$1,065,632$1,357,045
47$1,623,537$1,180,652$1,071,103$1,421,040
48$1,757,959$1,207,324$1,075,805$1,489,931
49$1,905,108$1,234,321$1,079,683$1,564,191
50$2,066,255$1,261,628$1,082,677$1,644,345
51$2,242,793$1,289,227$1,084,727$1,730,970
52$2,436,260$1,317,102$1,085,767$1,824,703
53$2,648,348$1,345,230$1,085,731$1,926,245
54$2,880,923$1,373,589$1,084,546$2,036,370
55$3,136,038$1,402,156$1,082,139$2,155,932
56$3,415,953$1,430,901$1,078,430$2,285,872
57$3,723,162$1,459,797$1,073,339$2,427,227
58$4,060,407$1,488,810$1,066,778$2,581,143
59$4,430,712$1,517,905$1,058,659$2,748,881
60$4,837,407$1,547,044$1,048,886$2,931,834
61$5,284,160$1,576,186$1,037,361$3,131,535
62$5,775,011$1,605,287$1,023,980$3,349,678
63$6,314,413$1,634,297$1,008,634$3,588,130
64$6,907,271$1,663,164$991,211$3,848,947
65$7,558,986$1,691,833$971,590$4,134,401
66$8,275,512$1,720,243$949,648$4,446,994
67$9,063,408$1,748,328$925,255$4,789,485
68$9,929,899$1,776,019$898,274$5,164,918
69$10,882,945$1,803,241$868,562$5,576,649
70$11,931,318$1,829,913$835,972$6,028,378
71$13,084,682$1,855,948$800,347$6,524,184
72$14,353,685$1,881,255$761,524$7,068,567
73$15,750,059$1,905,734$719,333$7,666,486
74$17,286,730$1,929,280$673,595$8,323,412
75$18,977,942$1,951,780$624,126$9,045,373
76$20,839,388$1,973,114$570,731$9,839,019
77$22,888,362$1,993,152$513,206$10,711,680
78$25,143,916$2,011,758$451,340$11,671,438
79$27,627,046$2,028,785$384,911$12,727,203
80$30,360,888$2,044,078$313,688$13,888,798
81$33,370,931$2,057,471$237,429$15,167,054
82$36,685,265$2,068,786$155,882$16,573,910
83$40,334,842$2,077,837$68,785$18,122,529
84$44,353,768$2,084,423$0$19,827,423
85$48,779,625$2,088,332$0$21,711,291
86$53,653,825$2,089,339$0$23,805,866
87$59,022,002$2,087,203$0$26,111,569
88$64,934,441$2,081,670$0$28,649,917
89$71,446,552$2,072,471$0$31,444,625
90$78,619,396$2,059,318$0$34,521,830
91$86,520,257$2,041,907$0$37,910,335
92$95,223,279$2,019,916$0$41,641,889
93$104,810,164$1,993,003$0$45,751,479
94$115,370,947$1,960,806$0$50,277,666
95$127,004,839$1,922,940$0$55,262,947
96$139,821,168$1,879,000$0$60,754,160
97$153,940,411$1,828,555$0$66,802,923
98$169,495,328$1,771,149$0$73,466,127
99$186,632,215$1,706,299$0$80,806,468
100$205,512,288$1,633,495$0$88,893,046