Can I retire at age 42 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$95,792$94,938$94,106$93,293$92,500$91,840
2 years$47,422$46,538$45,683$44,853$44,048$43,382
3 years$31,300$30,413$29,560$28,738$27,946$27,295
4 years$23,241$22,357$21,512$20,704$19,931$19,301
5 years$18,407$17,528$16,694$15,902$15,151$14,543
6 years$15,185$14,313$13,491$12,717$11,989$11,403
7 years$12,885$12,020$11,211$10,456$9,750$9,187
8 years$11,161$10,303$9,508$8,771$8,089$7,549
9 years$9,820$8,971$8,189$7,471$6,812$6,295
10 years$8,748$7,908$7,140$6,440$5,804$5,310
11 years$7,872$7,040$6,286$5,605$4,992$4,520
12 years$7,142$6,318$5,578$4,916$4,326$3,876
13 years$6,525$5,710$4,984$4,340$3,772$3,343
14 years$5,997$5,190$4,478$3,853$3,307$2,899
15 years$5,539$4,741$4,043$3,436$2,911$2,524
16 years$5,139$4,350$3,666$3,077$2,573$2,205
17 years$4,787$4,006$3,336$2,764$2,281$1,933
18 years$4,474$3,702$3,045$2,491$2,029$1,698
19 years$4,194$3,431$2,788$2,251$1,808$1,496
20 years$3,942$3,188$2,558$2,039$1,615$1,320
21 years$3,715$2,970$2,353$1,850$1,445$1,166
22 years$3,509$2,772$2,169$1,682$1,295$1,033
23 years$3,321$2,593$2,002$1,532$1,163$915
24 years$3,149$2,429$1,852$1,397$1,045$812
25 years$2,991$2,280$1,715$1,276$941$721
26 years$2,845$2,143$1,591$1,167$847$641
27 years$2,710$2,016$1,477$1,068$764$570
28 years$2,585$1,900$1,373$979$689$508
29 years$2,469$1,792$1,278$897$622$452
30 years$2,361$1,693$1,190$824$562$403
31 years$2,260$1,600$1,110$756$508$360
32 years$2,166$1,514$1,035$695$460$321
33 years$2,077$1,434$967$639$416$286
34 years$1,994$1,359$903$588$377$256
35 years$1,916$1,289$844$541$341$228
36 years$1,842$1,223$790$499$309$204
37 years$1,773$1,162$739$459$280$182
38 years$1,707$1,104$692$423$254$163
39 years$1,645$1,050$649$390$230$146
40 years$1,586$999$608$360$209$130
41 years$1,530$951$570$332$190$116
42 years$1,477$906$535$307$172$104
43 years$1,426$863$502$283$156$93
44 years$1,378$823$471$261$142$83
45 years$1,332$784$442$241$129$74
46 years$1,289$748$415$223$117$67
47 years$1,247$714$390$206$106$60
48 years$1,207$682$367$190$96$53
49 years$1,169$651$345$176$87$48
50 years$1,133$622$324$163$79$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,160,000, adding $6,346 every year, while hoping to spend $49,144 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: 39/44/17 Blend
41$1,160,000$1,160,000$1,160,000$1,160,000
42$1,284,866$1,223,386$1,205,406$1,328,221
43$1,363,633$1,231,043$1,193,498$1,367,459
44$1,448,788$1,237,428$1,179,544$1,404,663
45$1,540,930$1,242,427$1,163,424$1,443,853
46$1,640,717$1,245,919$1,145,012$1,485,233
47$1,748,875$1,247,774$1,124,174$1,529,034
48$1,866,200$1,247,855$1,100,774$1,575,509
49$1,993,570$1,246,017$1,074,667$1,624,943
50$2,131,947$1,242,104$1,045,701$1,677,653
51$2,282,392$1,235,954$1,013,719$1,733,991
52$2,446,071$1,227,391$978,554$1,794,348
53$2,624,268$1,216,231$940,034$1,859,161
54$2,818,396$1,202,279$897,977$1,928,914
55$3,030,008$1,185,326$852,194$2,004,147
56$3,260,814$1,165,152$802,488$2,085,459
57$3,512,697$1,141,525$748,652$2,173,515
58$3,787,730$1,114,198$690,470$2,269,053
59$4,088,194$1,082,908$627,716$2,372,895
60$4,416,600$1,047,381$560,154$2,485,950
61$4,775,712$1,007,322$487,538$2,609,229
62$5,168,575$962,421$409,612$2,743,851
63$5,598,541$912,351$326,105$2,891,059
64$6,069,301$856,765$236,738$3,052,230
65$6,584,920$795,296$141,219$3,228,890
66$7,149,873$727,557$39,240$3,422,731
67$7,769,089$653,136$0$3,635,626
68$8,447,999$571,603$0$3,882,273
69$9,192,580$482,497$0$4,160,763
70$10,009,421$385,336$0$4,466,578
71$10,905,773$279,609$0$4,802,600
72$11,889,628$164,776$0$5,172,012
73$12,969,788$40,268$0$5,578,335
74$14,155,947$0$0$6,025,457
75$15,458,787$0$0$6,563,439
76$16,890,074$0$0$7,176,043
77$18,462,767$0$0$7,849,342
78$20,191,148$0$0$8,589,469
79$22,090,946$0$0$9,403,183
80$24,179,493$0$0$10,297,931
81$26,475,883$0$0$11,281,914
82$29,001,153$0$0$12,364,173
83$31,778,479$0$0$13,554,664
84$34,833,397$0$0$14,864,359
85$38,194,043$0$0$16,305,348
86$41,891,415$0$0$17,890,949
87$45,959,669$0$0$19,635,839
88$50,436,438$0$0$21,556,189
89$55,363,187$0$0$23,669,815
90$60,785,604$0$0$25,996,350
91$66,754,032$0$0$28,557,426
92$73,323,942$0$0$31,376,880
93$80,556,454$0$0$34,480,976
94$88,518,916$0$0$37,898,655
95$97,285,538$0$0$41,661,806
96$106,938,094$0$0$45,805,570
97$117,566,688$0$0$50,368,667
98$129,270,606$0$0$55,393,764
99$142,159,257$0$0$60,927,877
100$156,353,195$0$0$67,022,814