Can I retire at age 42 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$92,489$91,665$90,861$90,076$89,310$88,710
2 years$45,786$44,934$44,107$43,306$42,529$41,924
3 years$30,221$29,365$28,540$27,747$26,982$26,390
4 years$22,440$21,586$20,770$19,990$19,244$18,670
5 years$17,772$16,924$16,118$15,354$14,629$14,075
6 years$14,662$13,820$13,026$12,279$11,575$11,042
7 years$12,441$11,606$10,825$10,095$9,414$8,902
8 years$10,776$9,948$9,180$8,469$7,810$7,318
9 years$9,482$8,662$7,907$7,213$6,577$6,106
10 years$8,447$7,635$6,893$6,218$5,604$5,154
11 years$7,601$6,797$6,069$5,411$4,819$4,390
12 years$6,896$6,100$5,386$4,747$4,176$3,766
13 years$6,300$5,513$4,812$4,191$3,642$3,251
14 years$5,790$5,011$4,324$3,720$3,193$2,821
15 years$5,348$4,578$3,904$3,317$2,811$2,457
16 years$4,962$4,200$3,539$2,970$2,484$2,149
17 years$4,622$3,868$3,221$2,669$2,203$1,884
18 years$4,319$3,574$2,940$2,405$1,959$1,657
19 years$4,049$3,313$2,691$2,173$1,746$1,460
20 years$3,807$3,078$2,470$1,968$1,559$1,289
21 years$3,587$2,867$2,272$1,786$1,395$1,141
22 years$3,388$2,677$2,094$1,624$1,251$1,010
23 years$3,206$2,503$1,933$1,479$1,123$896
24 years$3,040$2,345$1,788$1,349$1,009$796
25 years$2,888$2,201$1,656$1,232$908$707
26 years$2,747$2,069$1,536$1,127$818$629
27 years$2,617$1,947$1,426$1,031$737$560
28 years$2,496$1,834$1,326$945$665$499
29 years$2,384$1,731$1,234$866$601$445
30 years$2,280$1,634$1,149$795$543$397
31 years$2,182$1,545$1,071$730$491$354
32 years$2,091$1,462$1,000$671$444$316
33 years$2,006$1,384$933$617$402$283
34 years$1,925$1,312$872$568$364$253
35 years$1,850$1,245$815$523$330$226
36 years$1,779$1,181$763$481$299$202
37 years$1,712$1,122$714$444$271$180
38 years$1,648$1,066$669$409$245$161
39 years$1,588$1,014$626$377$222$144
40 years$1,531$965$587$348$202$129
41 years$1,477$918$551$321$183$116
42 years$1,426$874$516$296$166$103
43 years$1,377$833$485$273$151$93
44 years$1,331$794$455$252$137$83
45 years$1,286$757$427$233$124$74
46 years$1,244$723$401$215$113$66
47 years$1,204$689$377$199$102$60
48 years$1,166$658$354$184$93$53
49 years$1,129$629$333$170$84$48
50 years$1,094$600$313$157$77$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,120,000, adding $4,372 every year, while hoping to spend $48,239 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: 62/17/21 Blend
41$1,120,000$1,120,000$1,120,000$1,120,000
42$1,238,750$1,179,390$1,162,030$1,308,531
43$1,313,776$1,185,854$1,149,632$1,362,643
44$1,394,839$1,191,018$1,135,202$1,415,944
45$1,482,502$1,194,768$1,118,621$1,473,040
46$1,577,387$1,196,981$1,099,764$1,534,306
47$1,680,175$1,197,528$1,078,501$1,600,158
48$1,791,617$1,196,271$1,054,695$1,671,053
49$1,912,539$1,193,065$1,028,204$1,747,498
50$2,043,847$1,187,755$998,878$1,830,055
51$2,186,540$1,180,175$966,561$1,919,341
52$2,341,716$1,170,152$931,090$2,016,040
53$2,510,582$1,157,501$892,292$2,120,907
54$2,694,468$1,142,025$849,990$2,234,778
55$2,894,836$1,123,516$803,998$2,358,573
56$3,113,296$1,101,755$754,118$2,493,312
57$3,351,619$1,076,508$700,148$2,640,119
58$3,611,755$1,047,528$641,874$2,800,235
59$3,895,851$1,014,554$579,074$2,975,033
60$4,206,269$977,308$511,514$3,166,026
61$4,545,610$935,498$438,952$3,374,889
62$4,916,739$888,814$361,133$3,603,466
63$5,322,808$836,928$277,793$3,853,798
64$5,767,291$779,493$188,655$4,128,133
65$6,254,009$716,143$93,429$4,428,958
66$6,787,174$646,490$0$4,759,014
67$7,371,422$570,124$0$5,123,164
68$8,011,860$486,614$0$5,545,374
69$8,714,113$395,500$0$6,008,447
70$9,484,374$296,301$0$6,516,528
71$10,329,466$188,506$0$7,074,189
72$11,256,905$71,577$0$7,686,467
73$12,274,969$0$0$8,358,916
74$13,392,775$0$0$9,107,958
75$14,620,369$0$0$9,945,360
76$15,968,816$0$0$10,865,291
77$17,450,306$0$0$11,876,079
78$19,078,266$0$0$12,986,896
79$20,867,492$0$0$14,207,850
80$22,834,280$0$0$15,550,075
81$24,996,588$0$0$17,025,836
82$27,374,197$0$0$18,648,650
83$29,988,902$0$0$20,433,405
84$32,864,718$0$0$22,396,506
85$36,028,101$0$0$24,556,029
86$39,508,201$0$0$26,931,889
87$43,337,136$0$0$29,546,027
88$47,550,294$0$0$32,422,621
89$52,186,666$0$0$35,588,308
90$57,289,215$0$0$39,072,441
91$62,905,279$0$0$42,907,360
92$69,087,017$0$0$47,128,701
93$75,891,902$0$0$51,775,730
94$83,383,263$0$0$56,891,713
95$91,630,880$0$0$62,524,324
96$100,711,643$0$0$68,726,096
97$110,710,278$0$0$75,554,913
98$121,720,144$0$0$83,074,561
99$133,844,116$0$0$91,355,323
100$147,195,550$0$0$100,474,649