Can I retire at age 42 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$97,443$96,575$95,728$94,902$94,095$93,384
2 years$48,239$47,341$46,470$45,626$44,807$44,091
3 years$31,840$30,938$30,069$29,233$28,427$27,728
4 years$23,642$22,743$21,883$21,061$20,275$19,597
5 years$18,725$17,830$16,982$16,177$15,413$14,758
6 years$15,447$14,560$13,724$12,937$12,195$11,566
7 years$13,107$12,227$11,405$10,636$9,918$9,313
8 years$11,353$10,481$9,672$8,922$8,228$7,648
9 years$9,989$9,126$8,331$7,600$6,929$6,374
10 years$8,899$8,044$7,263$6,551$5,904$5,373
11 years$8,008$7,161$6,394$5,701$5,078$4,571
12 years$7,265$6,427$5,675$5,001$4,400$3,917
13 years$6,638$5,808$5,070$4,415$3,837$3,377
14 years$6,100$5,280$4,555$3,919$3,364$2,926
15 years$5,635$4,823$4,113$3,495$2,962$2,546
16 years$5,228$4,425$3,729$3,130$2,617$2,223
17 years$4,869$4,075$3,393$2,812$2,321$1,947
18 years$4,551$3,766$3,097$2,534$2,064$1,709
19 years$4,266$3,490$2,836$2,290$1,839$1,504
20 years$4,010$3,243$2,602$2,074$1,643$1,326
21 years$3,779$3,021$2,394$1,882$1,470$1,172
22 years$3,569$2,820$2,206$1,711$1,318$1,036
23 years$3,378$2,637$2,037$1,558$1,183$918
24 years$3,203$2,471$1,884$1,421$1,063$814
25 years$3,042$2,319$1,745$1,298$957$722
26 years$2,894$2,179$1,618$1,187$862$642
27 years$2,757$2,051$1,503$1,086$777$570
28 years$2,630$1,933$1,397$995$701$507
29 years$2,512$1,823$1,300$913$633$452
30 years$2,402$1,722$1,211$838$572$402
31 years$2,299$1,628$1,129$769$517$358
32 years$2,203$1,540$1,053$707$468$319
33 years$2,113$1,459$983$650$423$285
34 years$2,029$1,382$919$598$383$254
35 years$1,949$1,311$859$551$347$227
36 years$1,874$1,245$804$507$315$202
37 years$1,803$1,182$752$467$285$181
38 years$1,736$1,123$704$431$258$161
39 years$1,673$1,068$660$397$234$144
40 years$1,613$1,016$619$366$213$129
41 years$1,556$967$580$338$193$115
42 years$1,502$921$544$312$175$103
43 years$1,451$878$511$288$159$92
44 years$1,402$837$479$266$144$82
45 years$1,355$798$450$246$131$73
46 years$1,311$761$423$227$119$66
47 years$1,269$726$397$210$108$59
48 years$1,228$693$373$194$98$52
49 years$1,189$662$351$179$89$47
50 years$1,152$633$330$165$81$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,180,000, adding $6,419 every year, while hoping to spend $49,862 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: 53/34/13 Blend
41$1,180,000$1,180,000$1,180,000$1,180,000
42$1,306,981$1,244,441$1,226,151$1,371,440
43$1,387,240$1,252,366$1,214,174$1,424,014
44$1,474,015$1,259,008$1,200,125$1,475,302
45$1,567,917$1,264,252$1,183,882$1,529,964
46$1,669,619$1,267,974$1,165,316$1,588,330
47$1,779,860$1,270,045$1,144,294$1,650,770
48$1,899,454$1,270,325$1,120,676$1,717,688
49$2,029,294$1,268,668$1,094,315$1,789,537
50$2,170,366$1,264,916$1,065,059$1,866,814
51$2,323,751$1,258,905$1,032,746$1,950,070
52$2,490,639$1,250,456$997,208$2,039,916
53$2,672,341$1,239,385$958,271$2,137,026
54$2,870,297$1,225,493$915,750$2,242,148
55$3,086,094$1,208,569$869,455$2,356,106
56$3,321,478$1,188,391$819,184$2,479,816
57$3,578,370$1,164,723$764,728$2,614,286
58$3,858,885$1,137,316$705,868$2,760,634
59$4,165,351$1,105,905$642,375$2,920,095
60$4,500,333$1,070,209$574,010$3,094,034
61$4,866,651$1,029,934$500,523$3,283,961
62$5,267,413$984,764$421,654$3,491,542
63$5,706,040$934,368$337,130$3,718,623
64$6,186,299$878,396$246,668$3,967,239
65$6,712,340$816,476$149,969$4,239,643
66$7,288,731$748,215$46,725$4,538,320
67$7,920,503$673,199$0$4,866,020
68$8,613,197$590,989$0$5,234,577
69$9,372,918$501,123$0$5,646,033
70$10,206,388$403,109$0$6,097,650
71$11,121,011$296,433$0$6,593,569
72$12,124,942$180,547$0$7,138,357
73$13,227,167$54,874$0$7,737,056
74$14,437,581$0$0$8,395,229
75$15,767,087$0$0$9,149,392
76$17,227,693$0$0$10,000,599
77$18,832,631$0$0$10,936,045
78$20,596,476$0$0$11,964,240
79$22,535,285$0$0$13,094,563
80$24,666,748$0$0$14,337,342
81$27,010,355$0$0$15,703,960
82$29,587,580$0$0$17,206,955
83$32,422,080$0$0$18,860,143
84$35,539,922$0$0$20,678,746
85$38,969,822$0$0$22,679,535
86$42,743,425$0$0$24,880,988
87$46,895,594$0$0$27,303,466
88$51,464,742$0$0$29,969,402
89$56,493,196$0$0$32,903,515
90$62,027,593$0$0$36,133,039
91$68,119,319$0$0$39,687,987
92$74,824,996$0$0$43,601,424
93$82,207,013$0$0$47,909,788
94$90,334,117$0$0$52,653,227
95$99,282,058$0$0$57,875,981
96$109,134,306$0$0$63,626,798
97$119,982,836$0$0$69,959,393
98$131,928,995$0$0$76,932,957
99$145,084,462$0$0$84,612,712
100$159,572,297$0$0$93,070,529