Can I retire at age 42 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$88,360$87,573$86,805$86,055$85,323$82,296
2 years$43,742$42,928$42,138$41,373$40,630$37,612
3 years$28,872$28,054$27,266$26,508$25,777$22,864
4 years$21,438$20,622$19,843$19,097$18,385$15,598
5 years$16,979$16,168$15,399$14,669$13,976$11,323
6 years$14,007$13,203$12,445$11,731$11,059$8,542
7 years$11,885$11,088$10,341$9,644$8,994$6,612
8 years$10,295$9,504$8,770$8,090$7,461$5,213
9 years$9,058$8,275$7,554$6,891$6,283$4,166
10 years$8,070$7,294$6,586$5,940$5,354$3,364
11 years$7,261$6,493$5,798$5,170$4,604$2,737
12 years$6,588$5,828$5,146$4,535$3,990$2,241
13 years$6,019$5,267$4,597$4,003$3,479$1,844
14 years$5,531$4,788$4,131$3,554$3,050$1,524
15 years$5,109$4,373$3,729$3,169$2,685$1,263
16 years$4,741$4,013$3,381$2,838$2,373$1,049
17 years$4,415$3,695$3,077$2,550$2,104$874
18 years$4,127$3,415$2,809$2,298$1,871$729
19 years$3,869$3,165$2,571$2,076$1,668$609
20 years$3,637$2,941$2,360$1,880$1,490$510
21 years$3,427$2,739$2,171$1,707$1,333$427
22 years$3,237$2,557$2,000$1,552$1,195$358
23 years$3,063$2,392$1,847$1,413$1,073$300
24 years$2,904$2,241$1,708$1,289$964$252
25 years$2,759$2,103$1,582$1,177$868$211
26 years$2,624$1,976$1,467$1,076$781$178
27 years$2,500$1,860$1,363$985$705$149
28 years$2,385$1,753$1,267$903$636$125
29 years$2,278$1,653$1,179$828$574$105
30 years$2,178$1,561$1,098$760$519$89
31 years$2,085$1,476$1,024$698$469$75
32 years$1,998$1,397$955$641$424$63
33 years$1,916$1,323$892$590$384$53
34 years$1,840$1,254$833$543$348$44
35 years$1,767$1,189$779$499$315$37
36 years$1,699$1,129$729$460$285$31
37 years$1,635$1,072$682$424$259$26
38 years$1,575$1,019$639$391$234$22
39 years$1,517$969$598$360$213$19
40 years$1,463$922$561$332$193$16
41 years$1,411$877$526$306$175$13
42 years$1,362$835$493$283$159$11
43 years$1,316$796$463$261$144$9
44 years$1,271$759$435$241$131$8
45 years$1,229$724$408$223$119$7
46 years$1,189$690$383$206$108$6
47 years$1,150$659$360$190$98$5
48 years$1,113$629$338$176$89$4
49 years$1,078$600$318$162$81$3
50 years$1,045$574$299$150$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,070,000, adding $6,473 every year, while hoping to spend $54,181 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: 28/49/23 Blend
41$1,070,000$1,070,000$1,070,000$1,070,000
42$1,185,817$1,129,107$1,112,522$1,210,317
43$1,249,122$1,126,785$1,092,143$1,227,690
44$1,317,068$1,122,533$1,069,266$1,241,142
45$1,390,072$1,116,200$1,043,749$1,254,460
46$1,468,590$1,107,625$1,015,445$1,267,668
47$1,553,124$1,096,636$984,201$1,280,797
48$1,644,225$1,083,053$949,853$1,293,885
49$1,742,497$1,066,684$912,235$1,306,979
50$1,848,606$1,047,326$871,169$1,320,140
51$1,963,282$1,024,763$826,471$1,333,438
52$2,087,327$998,767$777,948$1,346,957
53$2,221,624$969,096$725,399$1,360,799
54$2,367,144$935,496$668,614$1,375,080
55$2,524,952$897,695$607,372$1,389,940
56$2,696,222$855,406$541,444$1,405,538
57$2,882,244$808,329$470,590$1,422,060
58$3,084,437$756,141$394,558$1,439,719
59$3,304,361$698,504$313,088$1,458,762
60$3,543,736$635,060$225,907$1,479,469
61$3,804,450$565,431$132,727$1,502,161
62$4,088,584$489,217$33,253$1,527,204
63$4,398,425$405,995$0$1,555,013
64$4,736,494$315,318$0$1,603,951
65$5,105,563$216,715$0$1,666,530
66$5,508,684$109,688$0$1,735,266
67$5,949,218$0$0$1,810,927
68$6,430,864$0$0$1,897,757
69$6,957,694$0$0$2,057,589
70$7,534,194$0$0$2,232,662
71$8,165,302$0$0$2,424,495
72$8,856,455$0$0$2,634,765
73$9,613,642$0$0$2,865,317
74$10,443,458$0$0$3,118,181
75$11,353,165$0$0$3,395,596
76$12,350,764$0$0$3,700,028
77$13,445,064$0$0$4,034,191
78$14,645,771$0$0$4,401,077
79$15,963,572$0$0$4,803,980
80$17,410,243$0$0$5,246,530
81$18,998,754$0$0$5,732,726
82$20,743,392$0$0$6,266,971
83$22,659,897$0$0$6,854,119
84$24,765,606$0$0$7,499,515
85$27,079,621$0$0$8,209,049
86$29,622,985$0$0$8,989,211
87$32,418,881$0$0$9,847,148
88$35,492,851$0$0$10,790,737
89$38,873,034$0$0$11,828,657
90$42,590,433$0$0$12,970,468
91$46,679,205$0$0$14,226,706
92$51,176,986$0$0$15,608,977
93$56,125,240$0$0$17,130,072
94$61,569,654$0$0$18,804,080
95$67,560,567$0$0$20,646,530
96$74,153,444$0$0$22,674,529
97$81,409,398$0$0$24,906,929
98$89,395,767$0$0$27,364,502
99$98,186,747$0$0$30,070,134
100$107,864,095$0$0$33,049,045