Can I retire at age 42 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$85,056$84,299$83,560$82,838$82,134$81,242
2 years$42,107$41,323$40,563$39,826$39,111$38,214
3 years$27,793$27,005$26,247$25,517$24,814$23,938
4 years$20,637$19,852$19,101$18,384$17,697$16,850
5 years$16,344$15,564$14,823$14,120$13,453$12,637
6 years$13,484$12,709$11,979$11,292$10,645$9,861
7 years$11,441$10,673$9,955$9,284$8,657$7,905
8 years$9,910$9,149$8,443$7,788$7,182$6,462
9 years$8,720$7,966$7,272$6,634$6,048$5,360
10 years$7,768$7,021$6,339$5,718$5,154$4,497
11 years$6,990$6,251$5,581$4,977$4,432$3,807
12 years$6,342$5,610$4,953$4,365$3,841$3,246
13 years$5,794$5,070$4,425$3,854$3,349$2,784
14 years$5,325$4,609$3,976$3,421$2,936$2,399
15 years$4,918$4,210$3,590$3,051$2,585$2,076
16 years$4,563$3,863$3,255$2,732$2,285$1,803
17 years$4,250$3,557$2,962$2,454$2,026$1,570
18 years$3,972$3,287$2,704$2,212$1,801$1,371
19 years$3,724$3,046$2,475$1,999$1,605$1,200
20 years$3,501$2,831$2,272$1,810$1,434$1,052
21 years$3,299$2,637$2,089$1,643$1,283$923
22 years$3,116$2,461$1,926$1,494$1,150$812
23 years$2,949$2,302$1,778$1,360$1,033$715
24 years$2,796$2,157$1,644$1,241$928$630
25 years$2,655$2,024$1,523$1,133$835$555
26 years$2,526$1,902$1,413$1,036$752$490
27 years$2,407$1,790$1,312$948$678$433
28 years$2,296$1,687$1,219$869$612$383
29 years$2,193$1,592$1,135$797$553$339
30 years$2,097$1,503$1,057$731$499$300
31 years$2,007$1,421$985$672$451$265
32 years$1,923$1,344$919$617$408$235
33 years$1,845$1,273$858$568$370$208
34 years$1,771$1,207$802$522$335$184
35 years$1,701$1,145$750$481$303$163
36 years$1,636$1,086$701$443$275$145
37 years$1,574$1,032$657$408$249$128
38 years$1,516$981$615$376$226$114
39 years$1,461$932$576$347$205$101
40 years$1,408$887$540$320$186$90
41 years$1,359$844$506$295$168$80
42 years$1,311$804$475$272$153$71
43 years$1,266$766$446$251$139$63
44 years$1,224$730$418$232$126$56
45 years$1,183$697$393$214$114$49
46 years$1,144$664$369$198$104$44
47 years$1,107$634$347$183$94$39
48 years$1,072$605$326$169$86$34
49 years$1,038$578$306$156$78$31
50 years$1,006$552$288$144$71$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,030,000, adding $6,661 every year, while hoping to spend $40,614 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: 79/9/12 Blend
41$1,030,000$1,030,000$1,030,000$1,030,000
42$1,141,931$1,087,341$1,071,376$1,229,058
43$1,215,195$1,097,408$1,064,054$1,297,341
44$1,294,570$1,106,606$1,055,126$1,366,326
45$1,380,638$1,114,852$1,044,494$1,440,840
46$1,474,037$1,122,053$1,032,058$1,521,417
47$1,575,468$1,128,113$1,017,711$1,608,647
48$1,685,704$1,132,929$1,001,343$1,703,178
49$1,805,595$1,136,391$982,837$1,805,726
50$1,936,075$1,138,384$962,071$1,917,078
51$2,078,173$1,138,783$938,919$2,038,103
52$2,233,020$1,137,457$913,246$2,169,756
53$2,401,862$1,134,266$884,914$2,313,091
54$2,586,070$1,129,063$853,777$2,469,271
55$2,787,152$1,121,690$819,681$2,639,575
56$3,006,770$1,111,982$782,469$2,825,414
57$3,246,752$1,099,760$741,973$3,028,343
58$3,509,110$1,084,838$698,019$3,250,074
59$3,796,062$1,067,017$650,425$3,492,496
60$4,110,047$1,046,088$599,000$3,757,690
61$4,453,752$1,021,826$543,547$4,047,951
62$4,830,136$993,997$483,857$4,365,805
63$5,242,457$962,350$419,714$4,714,039
64$5,694,305$926,622$350,891$5,095,725
65$6,189,629$886,532$277,152$5,514,247
66$6,732,784$841,785$198,249$5,973,336
67$7,328,563$792,067$113,925$6,477,105
68$7,982,245$737,048$23,911$7,030,085
69$8,699,648$676,377$0$7,637,273
70$9,487,177$609,684$0$8,313,412
71$10,351,889$536,578$0$9,059,201
72$11,301,558$456,647$0$9,878,304
73$12,344,747$369,453$0$10,778,134
74$13,490,890$274,535$0$11,766,861
75$14,750,379$171,405$0$12,853,486
76$16,134,664$59,550$0$14,047,928
77$17,656,358$0$0$15,361,116
78$19,329,357$0$0$16,811,193
79$21,168,972$0$0$18,412,203
80$23,192,071$0$0$20,172,934
81$25,417,237$0$0$22,109,564
82$27,864,946$0$0$24,239,919
83$30,557,759$0$0$26,583,637
84$33,520,533$0$0$29,162,360
85$36,780,655$0$0$31,999,928
86$40,368,302$0$0$35,122,614
87$44,316,723$0$0$38,559,362
88$48,662,555$0$0$42,342,067
89$53,446,166$0$0$46,505,872
90$58,712,037$0$0$51,089,499
91$64,509,178$0$0$56,135,618
92$70,891,596$0$0$61,691,243
93$77,918,799$0$0$67,808,180
94$85,656,359$0$0$74,543,515
95$94,176,530$0$0$81,960,148
96$103,558,930$0$0$90,127,395
97$113,891,292$0$0$99,121,630
98$125,270,288$0$0$109,027,017
99$137,802,448$0$0$119,936,295
100$151,605,158$0$0$131,951,657