Can I retire at age 42 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$98,269$97,394$96,540$95,706$94,892$93,513
2 years$48,648$47,742$46,864$46,013$45,187$43,800
3 years$32,110$31,200$30,324$29,481$28,668$27,317
4 years$23,842$22,935$22,068$21,239$20,447$19,141
5 years$18,883$17,982$17,126$16,314$15,543$14,288
6 years$15,578$14,683$13,840$13,046$12,299$11,095
7 years$13,218$12,331$11,501$10,726$10,002$8,850
8 years$11,449$10,570$9,754$8,998$8,298$7,197
9 years$10,074$9,203$8,401$7,664$6,988$5,939
10 years$8,975$8,112$7,324$6,607$5,954$4,955
11 years$8,076$7,222$6,448$5,750$5,121$4,171
12 years$7,327$6,482$5,723$5,043$4,437$3,536
13 years$6,694$5,858$5,113$4,452$3,870$3,015
14 years$6,152$5,324$4,594$3,952$3,392$2,583
15 years$5,682$4,864$4,148$3,525$2,987$2,222
16 years$5,272$4,463$3,760$3,156$2,640$1,917
17 years$4,910$4,110$3,422$2,836$2,340$1,659
18 years$4,589$3,798$3,124$2,556$2,081$1,439
19 years$4,302$3,520$2,860$2,309$1,855$1,251
20 years$4,044$3,271$2,624$2,091$1,657$1,090
21 years$3,811$3,046$2,414$1,898$1,483$950
22 years$3,600$2,844$2,225$1,726$1,329$830
23 years$3,407$2,660$2,054$1,572$1,193$725
24 years$3,230$2,492$1,900$1,433$1,072$635
25 years$3,068$2,339$1,760$1,309$965$556
26 years$2,919$2,198$1,632$1,197$869$487
27 years$2,780$2,069$1,515$1,096$784$427
28 years$2,652$1,949$1,409$1,004$707$375
29 years$2,533$1,839$1,311$921$638$329
30 years$2,422$1,737$1,221$845$577$289
31 years$2,319$1,642$1,138$776$522$254
32 years$2,222$1,553$1,062$713$472$223
33 years$2,131$1,471$992$656$427$196
34 years$2,046$1,394$927$603$387$173
35 years$1,966$1,322$866$555$350$152
36 years$1,890$1,255$810$512$317$134
37 years$1,819$1,192$759$471$288$118
38 years$1,751$1,133$710$434$261$103
39 years$1,687$1,077$666$401$236$91
40 years$1,627$1,025$624$369$214$80
41 years$1,570$976$585$341$195$71
42 years$1,515$929$549$315$176$62
43 years$1,463$885$515$290$160$55
44 years$1,414$844$483$268$145$48
45 years$1,367$805$454$248$132$42
46 years$1,322$768$426$229$120$37
47 years$1,279$733$400$211$109$33
48 years$1,238$699$376$195$99$29
49 years$1,199$668$354$180$90$26
50 years$1,162$638$333$167$82$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,190,000, adding $2,720 every year, while hoping to spend $58,589 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: 56/39/5 Blend
41$1,190,000$1,190,000$1,190,000$1,190,000
42$1,314,186$1,251,116$1,232,671$1,386,334
43$1,385,894$1,250,082$1,211,627$1,434,152
44$1,462,954$1,247,034$1,187,915$1,479,387
45$1,545,848$1,241,812$1,161,382$1,527,193
46$1,635,107$1,234,244$1,131,872$1,577,818
47$1,731,316$1,224,150$1,099,218$1,631,542
48$1,835,116$1,211,338$1,063,247$1,688,672
49$1,947,210$1,195,606$1,023,777$1,749,550
50$2,068,372$1,176,737$980,621$1,814,556
51$2,199,453$1,154,504$933,579$1,884,112
52$2,341,388$1,128,666$882,444$1,958,686
53$2,495,204$1,098,965$827,000$2,038,795
54$2,662,031$1,065,131$767,022$2,125,015
55$2,843,113$1,026,877$702,272$2,217,984
56$3,039,817$983,900$632,504$2,318,408
57$3,253,645$935,878$557,460$2,427,070
58$3,486,253$882,472$476,870$2,544,840
59$3,739,459$823,322$390,454$2,672,678
60$4,015,268$758,048$297,918$2,811,650
61$4,315,882$686,249$198,955$2,962,936
62$4,643,726$607,500$93,245$3,127,844
63$5,001,472$521,353$0$3,307,819
64$5,392,056$427,333$0$3,505,508
65$5,818,713$324,940$0$3,727,015
66$6,285,004$213,644$0$3,969,343
67$6,794,849$92,888$0$4,234,681
68$7,352,566$0$0$4,525,453
69$7,962,905$0$0$4,860,609
70$8,631,101$0$0$5,271,283
71$9,362,916$0$0$5,721,163
72$10,164,697$0$0$6,214,167
73$11,043,433$0$0$6,754,604
74$12,006,821$0$0$7,347,223
75$13,063,338$0$0$7,997,255
76$14,222,323$0$0$8,710,459
77$15,494,059$0$0$9,493,181
78$16,889,876$0$0$10,352,409
79$18,422,252$0$0$11,295,843
80$20,104,933$0$0$12,331,963
81$21,953,062$0$0$13,470,112
82$23,983,318$0$0$14,720,580
83$26,214,079$0$0$16,094,707
84$28,665,587$0$0$17,604,982
85$31,360,146$0$0$19,265,167
86$34,322,327$0$0$21,090,422
87$37,579,198$0$0$23,097,449
88$41,160,584$0$0$25,304,651
89$45,099,343$0$0$27,732,303
90$49,431,677$0$0$30,402,742
91$54,197,473$0$0$33,340,580
92$59,440,680$0$0$36,572,936
93$65,209,718$0$0$40,129,689
94$71,557,940$0$0$44,043,758
95$78,544,131$0$0$48,351,420
96$86,233,062$0$0$53,092,642
97$94,696,103$0$0$58,311,463
98$104,011,894$0$0$64,056,411
99$114,267,084$0$0$70,380,955
100$125,557,152$0$0$77,344,011