Can I retire at age 42 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$90,837$90,028$89,238$88,468$87,716$84,637
2 years$44,969$44,131$43,320$42,533$41,769$38,700
3 years$29,681$28,840$28,031$27,251$26,500$23,537
4 years$22,039$21,201$20,399$19,633$18,900$16,065
5 years$17,455$16,622$15,831$15,080$14,368$11,668
6 years$14,400$13,573$12,793$12,060$11,369$8,807
7 years$12,219$11,398$10,631$9,915$9,246$6,822
8 years$10,583$9,771$9,016$8,317$7,670$5,382
9 years$9,312$8,507$7,766$7,084$6,459$4,303
10 years$8,296$7,499$6,770$6,107$5,504$3,476
11 years$7,465$6,675$5,960$5,315$4,733$2,831
12 years$6,773$5,992$5,290$4,662$4,102$2,319
13 years$6,188$5,415$4,726$4,116$3,577$1,910
14 years$5,687$4,922$4,246$3,653$3,135$1,579
15 years$5,253$4,496$3,834$3,258$2,761$1,310
16 years$4,873$4,125$3,476$2,917$2,440$1,089
17 years$4,539$3,799$3,163$2,621$2,163$908
18 years$4,242$3,510$2,887$2,362$1,924$758
19 years$3,977$3,253$2,643$2,135$1,715$634
20 years$3,739$3,023$2,426$1,933$1,531$531
21 years$3,523$2,816$2,231$1,755$1,371$445
22 years$3,327$2,629$2,057$1,595$1,228$373
23 years$3,149$2,459$1,899$1,453$1,103$313
24 years$2,986$2,304$1,756$1,325$991$263
25 years$2,836$2,162$1,627$1,210$892$221
26 years$2,698$2,032$1,509$1,106$803$186
27 years$2,570$1,912$1,401$1,013$724$156
28 years$2,452$1,802$1,302$928$654$131
29 years$2,342$1,700$1,212$851$590$110
30 years$2,239$1,605$1,129$781$533$93
31 years$2,143$1,517$1,052$717$482$78
32 years$2,054$1,436$982$659$436$66
33 years$1,970$1,360$917$606$395$55
34 years$1,891$1,289$857$558$357$47
35 years$1,817$1,222$801$513$324$39
36 years$1,747$1,160$749$473$293$33
37 years$1,681$1,102$701$436$266$28
38 years$1,619$1,047$657$402$241$23
39 years$1,560$996$615$370$218$20
40 years$1,504$947$577$342$198$17
41 years$1,451$902$541$315$180$14
42 years$1,400$859$507$291$163$12
43 years$1,353$818$476$268$148$10
44 years$1,307$780$447$248$134$8
45 years$1,264$744$419$229$122$7
46 years$1,222$710$394$211$111$6
47 years$1,183$677$370$195$101$5
48 years$1,145$646$348$180$91$4
49 years$1,109$617$327$167$83$4
50 years$1,074$590$307$154$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,100,000, adding $3,097 every year, while hoping to spend $29,163 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: 58/23/19 Blend
41$1,100,000$1,100,000$1,100,000$1,100,000
42$1,215,395$1,157,095$1,140,045$1,279,623
43$1,308,336$1,182,763$1,147,207$1,349,255
44$1,409,779$1,208,712$1,153,632$1,421,691
45$1,520,562$1,234,924$1,159,263$1,500,007
46$1,641,604$1,261,380$1,164,044$1,584,774
47$1,773,920$1,288,060$1,167,912$1,676,624
48$1,918,626$1,314,941$1,170,803$1,776,252
49$2,076,951$1,341,998$1,172,649$1,884,425
50$2,250,247$1,369,203$1,173,380$2,001,987
51$2,440,005$1,396,527$1,172,922$2,129,868
52$2,647,866$1,423,937$1,171,195$2,269,095
53$2,875,636$1,451,398$1,168,118$2,420,797
54$3,125,306$1,478,872$1,163,605$2,586,221
55$3,399,068$1,506,317$1,157,566$2,766,740
56$3,699,335$1,533,689$1,149,907$2,963,868
57$4,028,767$1,560,939$1,140,528$3,179,273
58$4,390,292$1,588,015$1,129,327$3,414,794
59$4,787,136$1,614,862$1,116,193$3,672,459
60$5,222,852$1,641,420$1,101,014$3,954,502
61$5,701,356$1,667,622$1,083,671$4,263,385
62$6,226,959$1,693,400$1,064,039$4,601,825
63$6,804,412$1,718,679$1,041,987$4,972,814
64$7,438,947$1,743,380$1,017,379$5,379,651
65$8,136,330$1,767,416$990,072$5,825,971
66$8,902,912$1,790,696$959,916$6,315,784
67$9,745,692$1,813,123$926,755$6,853,507
68$10,672,377$1,834,590$890,426$7,444,010
69$11,691,461$1,854,987$850,757$8,092,663
70$12,812,304$1,874,195$807,571$8,805,383
71$14,045,214$1,892,085$760,679$9,588,692
72$15,401,551$1,908,523$709,888$10,449,779
73$16,893,832$1,923,364$654,992$11,396,571
74$18,535,848$1,936,453$595,779$12,437,803
75$20,342,793$1,947,628$532,026$13,583,103
76$22,331,409$1,956,713$463,500$14,843,086
77$24,520,144$1,963,523$389,959$16,229,449
78$26,929,324$1,967,862$311,148$17,755,087
79$29,581,347$1,969,519$226,804$19,434,214
80$32,500,891$1,968,272$136,648$21,282,494
81$35,715,149$1,963,884$40,393$23,317,196
82$39,254,086$1,956,106$0$25,557,352
83$43,150,717$1,944,670$0$28,036,575
84$47,441,425$1,929,294$0$30,774,910
85$52,166,300$1,909,678$0$33,789,711
86$57,369,516$1,885,506$0$37,109,137
87$63,099,752$1,856,441$0$40,764,218
88$69,410,645$1,822,125$0$44,789,152
89$76,361,303$1,782,181$0$49,221,626
90$84,016,858$1,736,210$0$54,103,172
91$92,449,080$1,683,787$0$59,479,561
92$101,737,058$1,624,464$0$65,401,234
93$111,967,942$1,557,767$0$71,923,780
94$123,237,768$1,483,193$0$79,108,458
95$135,652,362$1,400,212$0$87,022,781
96$149,328,342$1,308,262$0$95,741,149
97$164,394,215$1,206,748$0$105,345,555
98$180,991,589$1,095,043$0$115,926,358
99$199,276,514$972,483$0$127,583,137
100$219,420,951$838,367$0$140,425,634