Can I retire at age 42 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$86,708$85,936$85,182$84,447$83,728$81,342
2 years$42,925$42,125$41,351$40,599$39,871$37,485
3 years$28,332$27,529$26,757$26,012$25,296$22,985
4 years$21,037$20,237$19,472$18,740$18,041$15,824
5 years$16,662$15,866$15,111$14,394$13,715$11,596
6 years$13,745$12,956$12,212$11,511$10,852$8,835
7 years$11,663$10,880$10,148$9,464$8,825$6,910
8 years$10,102$9,326$8,606$7,939$7,322$5,506
9 years$8,889$8,120$7,413$6,762$6,166$4,449
10 years$7,919$7,158$6,463$5,829$5,254$3,632
11 years$7,125$6,372$5,690$5,073$4,518$2,991
12 years$6,465$5,719$5,049$4,450$3,915$2,478
13 years$5,906$5,168$4,511$3,929$3,414$2,064
14 years$5,428$4,698$4,053$3,487$2,993$1,727
15 years$5,014$4,292$3,660$3,110$2,635$1,450
16 years$4,652$3,938$3,318$2,785$2,329$1,220
17 years$4,333$3,626$3,019$2,502$2,065$1,030
18 years$4,049$3,351$2,756$2,255$1,836$871
19 years$3,796$3,106$2,523$2,037$1,637$738
20 years$3,569$2,886$2,316$1,845$1,462$626
21 years$3,363$2,688$2,130$1,675$1,308$531
22 years$3,176$2,509$1,963$1,523$1,173$451
23 years$3,006$2,347$1,813$1,387$1,053$384
24 years$2,850$2,199$1,676$1,265$946$327
25 years$2,707$2,063$1,553$1,155$851$278
26 years$2,575$1,939$1,440$1,056$767$237
27 years$2,453$1,825$1,337$967$691$202
28 years$2,340$1,720$1,243$886$624$173
29 years$2,235$1,622$1,157$812$563$147
30 years$2,137$1,532$1,077$745$509$126
31 years$2,046$1,448$1,004$685$460$107
32 years$1,961$1,371$937$629$416$92
33 years$1,880$1,298$875$579$377$78
34 years$1,805$1,230$818$532$341$67
35 years$1,734$1,167$764$490$309$57
36 years$1,668$1,107$715$451$280$49
37 years$1,605$1,052$669$416$254$42
38 years$1,545$1,000$627$383$230$36
39 years$1,489$951$587$353$209$30
40 years$1,436$904$550$326$189$26
41 years$1,385$861$516$301$172$22
42 years$1,337$820$484$278$156$19
43 years$1,291$781$454$256$141$16
44 years$1,248$745$426$237$128$14
45 years$1,206$710$400$218$116$12
46 years$1,167$677$376$202$106$10
47 years$1,129$646$353$186$96$9
48 years$1,093$617$332$172$87$7
49 years$1,058$589$312$159$79$6
50 years$1,025$563$293$147$72$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,050,000, adding $4,376 every year, while hoping to spend $40,421 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: 46/48/6 Blend
41$1,050,000$1,050,000$1,050,000$1,050,000
42$1,161,614$1,105,964$1,089,689$1,212,965
43$1,237,091$1,117,148$1,083,186$1,259,897
44$1,318,912$1,127,526$1,075,110$1,306,196
45$1,407,681$1,137,015$1,065,367$1,355,470
46$1,504,063$1,145,528$1,053,855$1,408,005
47$1,608,790$1,152,971$1,040,471$1,464,118
48$1,722,664$1,159,245$1,025,105$1,524,161
49$1,846,572$1,164,244$1,007,643$1,588,522
50$1,981,487$1,167,856$987,963$1,657,629
51$2,128,480$1,169,962$965,941$1,731,960
52$2,288,730$1,170,436$941,445$1,812,039
53$2,463,535$1,169,141$914,338$1,898,448
54$2,654,322$1,165,936$884,475$1,991,830
55$2,862,664$1,160,668$851,706$2,092,896
56$3,090,291$1,153,176$815,873$2,202,433
57$3,339,109$1,143,290$776,813$2,321,311
58$3,611,215$1,130,828$734,353$2,450,490
59$3,908,919$1,115,598$688,314$2,591,035
60$4,234,763$1,097,397$638,507$2,744,120
61$4,591,548$1,076,008$584,736$2,911,044
62$4,982,357$1,051,204$526,796$3,093,242
63$5,410,587$1,022,743$464,473$3,292,302
64$5,879,977$990,367$397,543$3,509,976
65$6,394,647$953,807$325,773$3,748,201
66$6,959,133$912,776$248,918$4,009,119
67$7,578,431$866,969$166,724$4,295,092
68$8,258,046$816,065$78,924$4,608,734
69$9,004,041$759,726$0$4,952,929
70$9,823,092$697,592$0$5,331,811
71$10,722,557$629,283$0$5,753,405
72$11,710,539$554,399$0$6,216,561
73$12,795,964$472,515$0$6,725,590
74$13,988,669$383,184$0$7,285,251
75$15,299,485$285,933$0$7,900,799
76$16,740,350$180,261$0$8,578,033
77$18,324,414$65,642$0$9,323,353
78$20,066,163$0$0$10,143,821
79$21,981,559$0$0$11,078,125
80$24,088,188$0$0$12,143,977
81$26,405,426$0$0$13,316,526
82$28,954,619$0$0$14,606,593
83$31,759,288$0$0$16,026,097
84$34,845,350$0$0$17,588,174
85$38,241,359$0$0$19,307,296
86$41,978,777$0$0$21,199,410
87$46,092,270$0$0$23,282,088
88$50,620,038$0$0$25,574,689
89$55,604,167$0$0$28,098,547
90$61,091,036$0$0$30,877,168
91$67,131,745$0$0$33,936,455
92$73,782,604$0$0$37,304,948
93$81,105,658$0$0$41,014,097
94$89,169,276$0$0$45,098,557
95$98,048,795$0$0$49,596,514
96$107,827,228$0$0$54,550,047
97$118,596,052$0$0$60,005,522
98$130,456,065$0$0$66,014,035
99$143,518,340$0$0$72,631,886
100$157,905,274$0$0$79,921,117