Can I retire at age 42 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$84,231$83,480$82,748$82,034$81,336$79,113
2 years$41,698$40,922$40,169$39,439$38,732$36,508
3 years$27,523$26,743$25,992$25,269$24,573$22,419
4 years$20,436$19,659$18,916$18,205$17,526$15,457
5 years$16,186$15,413$14,679$13,983$13,323$11,346
6 years$13,353$12,586$11,863$11,182$10,542$8,658
7 years$11,330$10,569$9,858$9,194$8,573$6,783
8 years$9,814$9,060$8,361$7,712$7,112$5,415
9 years$8,635$7,888$7,201$6,569$5,990$4,383
10 years$7,692$6,953$6,278$5,663$5,103$3,585
11 years$6,922$6,190$5,527$4,928$4,389$2,957
12 years$6,280$5,556$4,905$4,323$3,804$2,456
13 years$5,738$5,021$4,382$3,816$3,317$2,050
14 years$5,273$4,564$3,938$3,388$2,907$1,718
15 years$4,871$4,169$3,555$3,021$2,560$1,445
16 years$4,519$3,825$3,223$2,705$2,262$1,219
17 years$4,209$3,523$2,933$2,431$2,006$1,031
18 years$3,934$3,255$2,677$2,190$1,784$874
19 years$3,688$3,017$2,451$1,979$1,590$742
20 years$3,467$2,803$2,249$1,793$1,420$631
21 years$3,267$2,611$2,069$1,627$1,271$537
22 years$3,085$2,438$1,907$1,479$1,139$457
23 years$2,920$2,280$1,761$1,347$1,023$390
24 years$2,769$2,136$1,628$1,229$919$333
25 years$2,630$2,005$1,508$1,122$827$284
26 years$2,502$1,884$1,399$1,026$745$243
27 years$2,383$1,773$1,299$939$672$207
28 years$2,273$1,671$1,208$860$606$177
29 years$2,171$1,576$1,124$789$547$152
30 years$2,076$1,488$1,047$724$494$130
31 years$1,988$1,407$976$665$447$111
32 years$1,905$1,331$910$611$404$95
33 years$1,827$1,261$850$562$366$81
34 years$1,754$1,195$794$517$331$70
35 years$1,685$1,133$743$476$300$60
36 years$1,620$1,076$695$438$272$51
37 years$1,559$1,022$650$404$246$44
38 years$1,501$971$609$372$223$37
39 years$1,446$923$570$343$203$32
40 years$1,395$879$535$317$184$27
41 years$1,345$836$501$292$167$24
42 years$1,299$796$470$270$151$20
43 years$1,254$759$441$249$137$17
44 years$1,212$723$414$230$125$15
45 years$1,172$690$389$212$113$13
46 years$1,133$658$365$196$103$11
47 years$1,097$628$343$181$93$9
48 years$1,061$599$323$167$85$8
49 years$1,028$572$303$155$77$7
50 years$996$547$285$143$70$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,020,000, adding $2,713 every year, while hoping to spend $32,636 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: 45/40/15 Blend
41$1,020,000$1,020,000$1,020,000$1,020,000
42$1,126,838$1,072,778$1,056,968$1,172,596
43$1,207,052$1,090,620$1,057,652$1,222,613
44$1,294,353$1,108,242$1,057,266$1,273,317
45$1,389,430$1,125,600$1,055,737$1,327,591
46$1,493,041$1,142,644$1,052,994$1,385,781
47$1,606,021$1,159,322$1,048,959$1,448,265
48$1,729,286$1,175,580$1,043,550$1,515,462
49$1,863,847$1,191,357$1,036,682$1,587,836
50$2,010,815$1,206,589$1,028,267$1,665,898
51$2,171,415$1,221,209$1,018,211$1,750,211
52$2,346,995$1,235,144$1,006,416$1,841,398
53$2,539,037$1,248,315$992,780$1,940,147
54$2,749,177$1,260,640$977,196$2,047,216
55$2,979,212$1,272,030$959,551$2,163,443
56$3,231,123$1,282,392$939,728$2,289,752
57$3,507,093$1,291,624$917,604$2,427,165
58$3,809,523$1,299,620$893,051$2,576,808
59$4,141,059$1,306,267$865,932$2,739,924
60$4,504,615$1,311,442$836,109$2,917,887
61$4,903,401$1,315,017$803,434$3,112,210
62$5,340,951$1,316,857$767,752$3,324,566
63$5,821,160$1,316,814$728,904$3,556,800
64$6,348,316$1,314,736$686,720$3,810,949
65$6,927,144$1,310,458$641,025$4,089,259
66$7,562,848$1,303,806$591,635$4,394,209
67$8,261,162$1,294,596$538,358$4,728,537
68$9,028,401$1,282,632$480,994$5,095,260
69$9,871,524$1,267,707$419,333$5,497,711
70$10,798,196$1,249,600$353,156$5,939,563
71$11,816,860$1,228,079$282,236$6,424,873
72$12,936,822$1,202,898$206,333$6,958,113
73$14,168,332$1,173,793$125,199$7,544,218
74$15,522,682$1,140,489$38,573$8,188,632
75$17,012,314$1,102,692$0$8,897,360
76$18,650,938$1,060,092$0$9,685,650
77$20,453,658$1,012,361$0$10,559,333
78$22,437,116$959,151$0$11,520,338
79$24,619,648$900,095$0$12,577,602
80$27,021,457$834,805$0$13,740,981
81$29,664,805$762,870$0$15,021,342
82$32,574,220$683,855$0$16,430,666
83$35,776,728$597,302$0$17,982,162
84$39,302,111$502,726$0$19,690,396
85$43,183,181$399,615$0$21,571,424
86$47,456,097$287,427$0$23,642,949
87$52,160,700$165,592$0$25,924,488
88$57,340,890$33,505$0$28,437,559
89$63,045,044$0$0$31,205,883
90$69,326,465$0$0$34,303,796
91$76,243,893$0$0$37,731,780
92$83,862,052$0$0$41,507,181
93$92,252,263$0$0$45,665,367
94$101,493,118$0$0$50,245,307
95$111,671,221$0$0$55,289,947
96$122,882,004$0$0$60,846,608
97$135,230,626$0$0$66,967,437
98$148,832,970$0$0$73,709,896
99$163,816,730$0$0$81,137,307
100$180,322,622$0$0$89,319,447