Can I retire at age 42 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$94,140$93,302$92,483$91,685$90,905$88,672
2 years$46,604$45,736$44,895$44,079$43,288$41,052
3 years$30,761$29,889$29,050$28,242$27,464$25,294
4 years$22,841$21,972$21,141$20,347$19,587$17,502
5 years$18,090$17,226$16,406$15,628$14,890$12,894
6 years$14,924$14,066$13,259$12,498$11,782$9,877
7 years$12,663$11,813$11,018$10,275$9,582$7,769
8 years$10,968$10,126$9,344$8,620$7,949$6,227
9 years$9,651$8,816$8,048$7,342$6,694$5,062
10 years$8,597$7,771$7,017$6,329$5,704$4,159
11 years$7,736$6,918$6,177$5,508$4,906$3,446
12 years$7,019$6,209$5,482$4,831$4,251$2,874
13 years$6,413$5,612$4,898$4,265$3,707$2,410
14 years$5,893$5,101$4,401$3,786$3,250$2,030
15 years$5,444$4,660$3,973$3,377$2,861$1,716
16 years$5,051$4,275$3,602$3,023$2,529$1,455
17 years$4,704$3,937$3,278$2,717$2,242$1,237
18 years$4,397$3,638$2,992$2,448$1,994$1,054
19 years$4,122$3,372$2,739$2,212$1,777$899
20 years$3,874$3,133$2,514$2,004$1,587$769
21 years$3,651$2,918$2,313$1,818$1,420$658
22 years$3,448$2,724$2,131$1,653$1,273$563
23 years$3,264$2,548$1,968$1,506$1,143$483
24 years$3,094$2,387$1,820$1,373$1,027$414
25 years$2,939$2,240$1,686$1,254$924$356
26 years$2,796$2,106$1,563$1,147$833$306
27 years$2,664$1,982$1,452$1,050$751$263
28 years$2,541$1,867$1,350$962$677$226
29 years$2,427$1,762$1,256$882$612$194
30 years$2,321$1,664$1,170$809$553$167
31 years$2,221$1,573$1,091$743$500$144
32 years$2,129$1,488$1,018$683$452$124
33 years$2,042$1,409$950$628$409$107
34 years$1,960$1,336$888$578$370$92
35 years$1,883$1,267$830$532$335$79
36 years$1,811$1,202$776$490$304$68
37 years$1,742$1,142$727$451$275$59
38 years$1,678$1,085$681$416$250$51
39 years$1,616$1,032$638$384$226$44
40 years$1,559$982$598$354$205$38
41 years$1,504$935$560$327$186$32
42 years$1,451$890$526$301$169$28
43 years$1,402$848$493$278$153$24
44 years$1,354$808$463$257$139$21
45 years$1,309$771$435$237$126$18
46 years$1,267$735$408$219$115$15
47 years$1,226$702$384$202$104$13
48 years$1,186$670$360$187$95$11
49 years$1,149$640$339$173$86$10
50 years$1,113$611$319$160$78$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,140,000, adding $3,195 every year, while hoping to spend $24,294 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: 29/50/21 Blend
41$1,140,000$1,140,000$1,140,000$1,140,000
42$1,259,576$1,199,156$1,181,486$1,287,715
43$1,362,204$1,232,066$1,195,217$1,342,535
44$1,474,486$1,265,774$1,208,594$1,399,051
45$1,597,380$1,300,294$1,221,579$1,459,301
46$1,731,944$1,335,640$1,234,133$1,523,621
47$1,879,340$1,371,823$1,246,213$1,592,381
48$2,040,848$1,408,858$1,257,777$1,665,987
49$2,217,879$1,446,757$1,268,777$1,744,886
50$2,411,987$1,485,532$1,279,165$1,829,571
51$2,624,882$1,525,195$1,288,890$1,920,583
52$2,858,448$1,565,758$1,297,896$2,018,521
53$3,114,763$1,607,233$1,306,128$2,124,039
54$3,396,110$1,649,630$1,313,525$2,237,863
55$3,705,011$1,692,958$1,320,025$2,360,788
56$4,044,237$1,737,229$1,325,562$2,493,691
57$4,416,846$1,782,450$1,330,065$2,637,540
58$4,826,204$1,828,630$1,333,462$2,793,398
59$5,276,021$1,875,776$1,335,676$2,962,438
60$5,770,381$1,923,895$1,336,628$3,145,953
61$6,313,786$1,972,992$1,336,231$3,345,364
62$6,911,196$2,023,072$1,334,398$3,562,240
63$7,568,073$2,074,139$1,331,036$3,798,310
64$8,290,439$2,126,193$1,326,048$4,055,476
65$9,084,923$2,179,237$1,319,331$4,335,836
66$9,958,835$2,233,269$1,310,777$4,641,702
67$10,920,223$2,288,286$1,300,276$4,975,622
68$11,977,960$2,344,286$1,287,708$5,340,402
69$13,141,817$2,401,261$1,272,952$5,739,137
70$14,422,564$2,459,205$1,255,878$6,175,235
71$15,832,066$2,518,106$1,236,350$6,652,454
72$17,383,397$2,577,954$1,214,228$7,174,936
73$19,090,963$2,638,732$1,189,364$7,747,244
74$20,970,635$2,700,424$1,161,602$8,374,408
75$23,039,904$2,763,010$1,130,780$9,061,972
76$25,318,043$2,826,465$1,096,729$9,816,046
77$27,826,285$2,890,764$1,059,272$10,643,364
78$30,588,031$2,955,877$1,018,222$11,551,348
79$33,629,064$3,021,769$973,387$12,548,178
80$36,977,796$3,088,403$924,563$13,642,871
81$40,665,534$3,155,737$871,537$14,845,363
82$44,726,774$3,223,724$814,090$16,166,607
83$49,199,532$3,292,313$751,989$17,618,675
84$54,125,696$3,361,448$684,992$19,214,871
85$59,551,425$3,431,067$612,847$20,969,860
86$65,527,582$3,501,101$535,290$22,899,804
87$72,110,218$3,571,478$452,045$25,022,517
88$79,361,096$3,642,116$362,824$27,357,633
89$87,348,276$3,712,927$267,326$29,926,791
90$96,146,757$3,783,818$165,239$32,753,842
91$105,839,185$3,854,684$56,233$35,865,073
92$116,516,633$3,925,415$0$39,289,457
93$128,279,459$3,995,889$0$43,072,391
94$141,238,254$4,065,978$0$47,249,926
95$155,514,887$4,135,542$0$51,848,321
96$171,243,651$4,204,429$0$56,910,414
97$188,572,537$4,272,479$0$62,483,415
98$207,664,622$4,339,517$0$68,619,347
99$228,699,618$4,405,358$0$75,375,545
100$251,875,558$4,469,800$0$82,815,192