Can I retire at age 42 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$83,405$82,662$81,937$81,230$80,539$80,132
2 years$41,290$40,521$39,775$39,053$38,352$37,941
3 years$27,253$26,481$25,737$25,021$24,332$23,930
4 years$20,236$19,466$18,730$18,027$17,354$16,964
5 years$16,027$15,262$14,535$13,846$13,192$12,816
6 years$13,222$12,462$11,747$11,073$10,438$10,076
7 years$11,219$10,466$9,762$9,104$8,489$8,140
8 years$9,717$8,971$8,279$7,637$7,043$6,708
9 years$8,550$7,811$7,130$6,505$5,931$5,610
10 years$7,617$6,885$6,216$5,607$5,053$4,746
11 years$6,854$6,129$5,473$4,880$4,346$4,052
12 years$6,219$5,501$4,857$4,280$3,766$3,486
13 years$5,681$4,972$4,339$3,779$3,284$3,017
14 years$5,221$4,519$3,899$3,355$2,879$2,624
15 years$4,823$4,128$3,520$2,992$2,535$2,292
16 years$4,475$3,788$3,192$2,679$2,240$2,010
17 years$4,168$3,488$2,904$2,407$1,986$1,767
18 years$3,895$3,223$2,651$2,169$1,766$1,558
19 years$3,652$2,987$2,427$1,960$1,574$1,377
20 years$3,433$2,776$2,227$1,775$1,406$1,220
21 years$3,235$2,586$2,049$1,611$1,258$1,082
22 years$3,055$2,414$1,888$1,465$1,128$961
23 years$2,891$2,257$1,743$1,334$1,013$855
24 years$2,742$2,115$1,612$1,217$910$762
25 years$2,604$1,985$1,493$1,111$819$679
26 years$2,477$1,865$1,385$1,016$738$606
27 years$2,360$1,756$1,286$930$665$542
28 years$2,251$1,654$1,196$852$600$484
29 years$2,150$1,561$1,113$781$542$433
30 years$2,056$1,474$1,036$717$490$387
31 years$1,968$1,393$966$659$443$347
32 years$1,886$1,318$901$605$400$311
33 years$1,809$1,248$842$557$362$279
34 years$1,736$1,183$786$512$328$250
35 years$1,668$1,122$735$471$297$224
36 years$1,604$1,065$688$434$269$201
37 years$1,544$1,012$644$400$244$180
38 years$1,486$962$603$369$221$162
39 years$1,432$914$565$340$201$145
40 years$1,381$870$529$314$182$130
41 years$1,332$828$496$289$165$117
42 years$1,286$789$466$267$150$105
43 years$1,242$751$437$246$136$94
44 years$1,200$716$410$228$123$85
45 years$1,160$683$385$210$112$76
46 years$1,122$652$362$194$102$68
47 years$1,086$622$340$179$92$62
48 years$1,051$594$319$166$84$55
49 years$1,018$567$300$153$76$50
50 years$986$541$282$142$69$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,010,000, adding $5,461 every year, while hoping to spend $41,635 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: 48/38/14 Blend
41$1,010,000$1,010,000$1,010,000$1,010,000
42$1,118,653$1,065,123$1,049,468$1,167,742
43$1,188,456$1,073,015$1,040,326$1,210,097
44$1,263,984$1,079,898$1,029,482$1,251,324
45$1,345,776$1,085,679$1,016,836$1,295,167
46$1,434,427$1,090,258$1,002,281$1,341,887
47$1,530,588$1,093,530$985,707$1,391,769
48$1,634,978$1,095,383$966,998$1,445,133
49$1,748,386$1,095,697$946,033$1,502,331
50$1,871,681$1,094,346$922,684$1,563,754
51$2,005,818$1,091,195$896,820$1,629,834
52$2,151,849$1,086,101$868,301$1,701,050
53$2,310,930$1,078,913$836,982$1,777,934
54$2,484,335$1,069,469$802,711$1,861,073
55$2,673,464$1,057,600$765,329$1,951,117
56$2,879,860$1,043,125$724,670$2,048,785
57$3,105,220$1,025,852$680,560$2,154,875
58$3,351,413$1,005,579$632,819$2,270,268
59$3,620,495$982,091$581,256$2,395,938
60$3,914,731$955,159$525,674$2,532,966
61$4,236,615$924,543$465,866$2,682,543
62$4,588,893$889,989$401,616$2,845,990
63$4,974,588$851,226$332,698$3,024,765
64$5,397,029$807,969$258,876$3,220,482
65$5,859,882$759,916$179,905$3,434,925
66$6,367,186$706,748$95,527$3,670,066
67$6,923,387$648,126$5,475$3,928,082
68$7,533,383$583,695$0$4,211,383
69$8,202,568$513,076$0$4,536,167
70$8,936,885$435,872$0$4,893,590
71$9,742,879$351,661$0$5,286,127
72$10,627,758$259,998$0$5,717,413
73$11,599,465$160,414$0$6,191,463
74$12,666,748$52,412$0$6,712,704
75$13,839,244$0$0$7,286,027
76$15,127,570$0$0$7,943,811
77$16,543,422$0$0$8,690,911
78$18,099,685$0$0$9,512,225
79$19,810,555$0$0$10,415,261
80$21,691,673$0$0$11,408,289
81$23,760,268$0$0$12,500,423
82$26,035,326$0$0$13,701,701
83$28,537,761$0$0$15,023,186
84$31,290,621$0$0$16,477,066
85$34,319,295$0$0$18,076,770
86$37,651,761$0$0$19,837,092
87$41,318,843$0$0$21,774,338
88$45,354,505$0$0$23,906,469
89$49,796,171$0$0$26,253,279
90$54,685,075$0$0$28,836,576
91$60,066,653$0$0$31,680,391
92$65,990,968$0$0$34,811,205
93$72,513,185$0$0$38,258,192
94$79,694,089$0$0$42,053,504
95$87,600,659$0$0$46,232,567
96$96,306,699$0$0$50,834,416
97$105,893,534$0$0$55,902,067
98$116,450,779$0$0$61,482,919
99$128,077,179$0$0$67,629,201
100$140,881,548$0$0$74,398,467