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%18.6%
1 years$82,579$81,843$81,126$80,425$79,741$76,973
2 years$40,881$40,119$39,381$38,666$37,972$35,212
3 years$26,983$26,218$25,482$24,774$24,091$21,426
4 years$20,036$19,273$18,545$17,848$17,182$14,631
5 years$15,868$15,111$14,391$13,709$13,061$10,633
6 years$13,091$12,339$11,630$10,963$10,335$8,030
7 years$11,108$10,362$9,665$9,013$8,405$6,223
8 years$9,621$8,882$8,197$7,561$6,973$4,912
9 years$8,466$7,734$7,060$6,440$5,872$3,930
10 years$7,542$6,817$6,155$5,552$5,003$3,177
11 years$6,786$6,069$5,419$4,832$4,303$2,589
12 years$6,157$5,447$4,809$4,238$3,729$2,123
13 years$5,625$4,922$4,296$3,742$3,252$1,749
14 years$5,170$4,474$3,860$3,321$2,850$1,447
15 years$4,775$4,087$3,485$2,962$2,510$1,201
16 years$4,430$3,750$3,160$2,652$2,218$1,000
17 years$4,126$3,454$2,875$2,383$1,967$834
18 years$3,857$3,191$2,625$2,148$1,749$697
19 years$3,615$2,958$2,403$1,940$1,559$583
20 years$3,399$2,748$2,205$1,757$1,392$488
21 years$3,203$2,560$2,029$1,595$1,246$410
22 years$3,025$2,390$1,870$1,450$1,117$344
23 years$2,863$2,235$1,726$1,321$1,002$289
24 years$2,714$2,094$1,596$1,205$901$243
25 years$2,578$1,965$1,479$1,100$811$204
26 years$2,453$1,847$1,371$1,006$730$172
27 years$2,336$1,738$1,273$921$658$145
28 years$2,229$1,638$1,184$844$594$122
29 years$2,129$1,545$1,102$774$537$102
30 years$2,036$1,459$1,026$710$485$86
31 years$1,949$1,380$957$652$438$73
32 years$1,867$1,305$893$599$396$61
33 years$1,791$1,236$833$551$359$52
34 years$1,719$1,172$779$507$325$43
35 years$1,652$1,111$728$467$294$37
36 years$1,588$1,055$681$430$267$31
37 years$1,528$1,002$637$396$242$26
38 years$1,472$952$597$365$219$22
39 years$1,418$905$559$337$199$18
40 years$1,367$861$524$310$180$16
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$7
46 years$1,111$645$358$192$101$6
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 $5,378 every year, while hoping to spend $36,087 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: 68/22/10 Blend
41$1,000,000$1,000,000$1,000,000$1,000,000
42$1,107,547$1,054,547$1,039,047$1,180,243
43$1,182,121$1,067,824$1,035,459$1,242,487
44$1,263,092$1,080,542$1,030,541$1,305,691
45$1,351,074$1,092,635$1,024,211$1,373,862
46$1,446,743$1,104,034$1,016,382$1,447,481
47$1,550,843$1,114,664$1,006,963$1,527,080
48$1,664,192$1,124,445$995,859$1,613,244
49$1,787,690$1,133,294$982,972$1,706,617
50$1,922,329$1,141,119$968,195$1,807,910
51$2,069,197$1,147,825$951,421$1,917,907
52$2,229,497$1,153,310$932,534$2,037,472
53$2,404,547$1,157,464$911,416$2,167,557
54$2,595,804$1,160,173$887,942$2,309,214
55$2,804,868$1,161,313$861,980$2,463,600
56$3,033,501$1,160,754$833,393$2,631,992
57$3,283,645$1,158,358$802,038$2,815,797
58$3,557,437$1,153,977$767,766$3,016,569
59$3,857,229$1,147,455$730,420$3,236,017
60$4,185,613$1,138,628$689,836$3,476,030
61$4,545,444$1,127,319$645,844$3,738,687
62$4,939,863$1,113,342$598,264$4,026,282
63$5,372,334$1,096,499$546,910$4,341,346
64$5,846,667$1,076,583$491,586$4,686,666
65$6,367,062$1,053,371$432,089$5,065,317
66$6,938,144$1,026,628$368,207$5,480,689
67$7,565,009$996,107$299,716$5,936,521
68$8,253,268$961,544$226,384$6,436,932
69$9,009,103$922,662$147,970$6,986,466
70$9,839,325$879,165$64,220$7,590,133
71$10,751,434$830,743$0$8,253,456
72$11,753,697$777,065$0$8,985,207
73$12,855,217$717,785$0$9,796,903
74$14,066,026$652,533$0$10,689,114
75$15,397,174$580,920$0$11,670,034
76$16,860,836$502,535$0$12,748,689
77$18,470,425$416,944$0$13,935,031
78$20,240,721$323,687$0$15,240,029
79$22,188,006$222,279$0$16,675,773
80$24,330,220$112,208$0$18,255,587
81$26,687,130$0$0$19,994,159
82$29,280,514$0$0$21,909,388
83$32,134,369$0$0$24,046,937
84$35,275,136$0$0$26,399,453
85$38,731,947$0$0$28,988,768
86$42,536,903$0$0$31,838,935
87$46,725,375$0$0$34,976,458
88$51,336,337$0$0$38,430,542
89$56,412,734$0$0$42,233,367
90$62,001,887$0$0$46,420,392
91$68,155,937$0$0$51,030,688
92$74,932,341$0$0$56,107,311
93$82,394,409$0$0$61,697,701
94$90,611,906$0$0$67,854,136
95$99,661,706$0$0$74,634,219
96$109,628,518$0$0$82,101,429
97$120,605,687$0$0$90,325,711
98$132,696,071$0$0$99,384,143
99$146,013,015$0$0$109,361,659
100$160,681,418$0$0$120,351,853