Can I retire at age 42 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$94,966$94,120$93,295$92,489$91,703$90,146
2 years$47,013$46,137$45,289$44,466$43,668$42,105
3 years$31,031$30,151$29,305$28,490$27,705$26,183
4 years$23,041$22,164$21,326$20,525$19,759$18,291
5 years$18,248$17,377$16,550$15,765$15,021$13,611
6 years$15,055$14,190$13,375$12,608$11,885$10,535
7 years$12,774$11,916$11,115$10,365$9,666$8,375
8 years$11,064$10,215$9,426$8,695$8,019$6,787
9 years$9,735$8,894$8,119$7,407$6,753$5,580
10 years$8,673$7,839$7,078$6,384$5,754$4,639
11 years$7,804$6,979$6,231$5,556$4,949$3,890
12 years$7,081$6,264$5,530$4,874$4,288$3,285
13 years$6,469$5,661$4,941$4,303$3,739$2,790
14 years$5,945$5,145$4,439$3,820$3,278$2,381
15 years$5,491$4,700$4,008$3,406$2,886$2,039
16 years$5,095$4,313$3,634$3,050$2,551$1,753
17 years$4,745$3,972$3,307$2,740$2,262$1,510
18 years$4,435$3,670$3,019$2,470$2,011$1,305
19 years$4,158$3,401$2,763$2,232$1,792$1,129
20 years$3,908$3,161$2,536$2,021$1,601$979
21 years$3,683$2,944$2,333$1,834$1,433$850
22 years$3,479$2,748$2,150$1,668$1,284$739
23 years$3,292$2,570$1,985$1,519$1,153$643
24 years$3,122$2,408$1,836$1,385$1,036$560
25 years$2,965$2,260$1,700$1,265$932$488
26 years$2,820$2,124$1,577$1,157$840$426
27 years$2,687$1,999$1,464$1,059$757$372
28 years$2,563$1,884$1,361$970$683$324
29 years$2,448$1,777$1,267$890$617$283
30 years$2,341$1,678$1,180$816$557$248
31 years$2,241$1,586$1,100$750$504$217
32 years$2,147$1,501$1,026$689$456$189
33 years$2,059$1,422$958$634$413$166
34 years$1,977$1,347$895$583$374$145
35 years$1,900$1,278$837$537$338$127
36 years$1,826$1,213$783$494$307$111
37 years$1,758$1,152$733$455$278$97
38 years$1,692$1,095$686$420$252$85
39 years$1,631$1,041$643$387$228$75
40 years$1,572$990$603$357$207$65
41 years$1,517$943$565$329$188$57
42 years$1,464$898$530$304$171$50
43 years$1,414$856$498$281$155$44
44 years$1,366$816$467$259$141$38
45 years$1,321$778$439$239$128$34
46 years$1,278$742$412$221$116$30
47 years$1,236$708$387$204$105$26
48 years$1,197$676$364$189$96$23
49 years$1,159$645$342$174$87$20
50 years$1,123$617$321$161$79$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,150,000, adding $3,702 every year, while hoping to spend $47,037 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: 64/12/24 Blend
41$1,150,000$1,150,000$1,150,000$1,150,000
42$1,271,119$1,210,169$1,192,344$1,344,277
43$1,350,726$1,219,420$1,182,240$1,403,347
44$1,436,876$1,227,548$1,170,222$1,462,274
45$1,530,188$1,234,448$1,156,174$1,525,598
46$1,631,340$1,240,009$1,139,979$1,593,755
47$1,741,080$1,244,112$1,121,511$1,667,225
48$1,860,228$1,246,632$1,100,640$1,746,539
49$1,989,688$1,247,434$1,077,229$1,832,285
50$2,130,455$1,246,377$1,051,134$1,925,109
51$2,283,621$1,243,309$1,022,207$2,025,728
52$2,450,389$1,238,070$990,290$2,134,930
53$2,632,084$1,230,491$955,220$2,253,588
54$2,830,162$1,220,390$916,825$2,382,664
55$3,046,226$1,207,577$874,926$2,523,220
56$3,282,042$1,191,849$829,337$2,676,429
57$3,539,552$1,172,991$779,861$2,843,587
58$3,820,894$1,150,775$726,294$3,026,121
59$4,128,422$1,124,960$668,422$3,225,610
60$4,464,729$1,095,291$606,023$3,443,793
61$4,832,669$1,061,498$538,861$3,682,592
62$5,235,383$1,023,293$466,695$3,944,127
63$5,676,332$980,374$389,270$4,230,738
64$6,159,327$932,421$306,319$4,545,005
65$6,688,563$879,095$217,565$4,889,777
66$7,268,662$820,037$122,720$5,268,197
67$7,904,714$754,867$21,480$5,683,731
68$8,602,326$683,186$0$6,140,206
69$9,367,670$604,569$0$6,664,008
70$10,207,548$518,569$0$7,244,935
71$11,129,452$424,713$0$7,882,706
72$12,141,634$322,501$0$8,583,077
73$13,253,182$211,406$0$9,352,391
74$14,474,111$90,869$0$10,197,639
75$15,815,452$0$0$11,126,529
76$17,289,357$0$0$12,152,791
77$18,909,212$0$0$13,293,950
78$20,689,768$0$0$14,548,407
79$22,647,273$0$0$15,927,620
80$24,799,628$0$0$17,444,214
81$27,166,557$0$0$19,112,098
82$29,769,789$0$0$20,946,596
83$32,633,268$0$0$22,964,593
84$35,783,370$0$0$25,184,690
85$39,249,160$0$0$27,627,386
86$43,062,661$0$0$30,315,262
87$47,259,157$0$0$33,273,204
88$51,877,525$0$0$36,528,628
89$56,960,601$0$0$40,111,744
90$62,555,586$0$0$44,055,840
91$68,714,486$0$0$48,397,593
92$75,494,609$0$0$53,177,419
93$82,959,098$0$0$58,439,851
94$91,177,533$0$0$64,233,958
95$100,226,581$0$0$70,613,811
96$110,190,724$0$0$77,638,990
97$121,163,051$0$0$85,375,149
98$133,246,141$0$0$93,894,631
99$146,553,028$0$0$103,277,154
100$161,208,263$0$0$113,610,560