Can I retire at age 42 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$99,095$98,212$97,351$96,510$95,690$92,295
2 years$49,057$48,143$47,258$46,399$45,567$42,182
3 years$32,380$31,462$30,579$29,728$28,909$25,642
4 years$24,043$23,128$22,254$21,418$20,618$17,493
5 years$19,042$18,133$17,270$16,451$15,674$12,699
6 years$15,709$14,807$13,956$13,156$12,402$9,580
7 years$13,329$12,435$11,598$10,816$10,086$7,416
8 years$11,546$10,659$9,836$9,073$8,367$5,847
9 years$10,159$9,280$8,472$7,729$7,047$4,672
10 years$9,050$8,180$7,386$6,662$6,004$3,772
11 years$8,143$7,282$6,502$5,798$5,164$3,070
12 years$7,388$6,536$5,771$5,086$4,475$2,514
13 years$6,750$5,907$5,156$4,490$3,902$2,068
14 years$6,204$5,369$4,632$3,986$3,421$1,709
15 years$5,730$4,905$4,182$3,554$3,012$1,416
16 years$5,316$4,500$3,792$3,183$2,662$1,177
17 years$4,952$4,144$3,451$2,860$2,360$980
18 years$4,628$3,830$3,150$2,577$2,098$818
19 years$4,339$3,549$2,884$2,329$1,870$683
20 years$4,078$3,298$2,646$2,109$1,671$572
21 years$3,843$3,072$2,434$1,914$1,495$479
22 years$3,630$2,868$2,244$1,740$1,340$401
23 years$3,435$2,682$2,071$1,585$1,203$336
24 years$3,257$2,513$1,916$1,446$1,081$282
25 years$3,094$2,358$1,774$1,320$973$237
26 years$2,943$2,216$1,646$1,207$876$199
27 years$2,804$2,086$1,528$1,105$790$167
28 years$2,675$1,966$1,421$1,012$713$141
29 years$2,555$1,854$1,322$928$644$118
30 years$2,443$1,751$1,231$852$582$99
31 years$2,338$1,655$1,148$782$526$84
32 years$2,241$1,566$1,071$719$476$70
33 years$2,149$1,483$1,000$661$431$59
34 years$2,063$1,406$934$608$390$50
35 years$1,982$1,333$874$560$353$42
36 years$1,906$1,266$817$516$320$35
37 years$1,834$1,202$765$475$290$30
38 years$1,766$1,142$716$438$263$25
39 years$1,702$1,086$671$404$238$21
40 years$1,641$1,034$629$373$216$18
41 years$1,583$984$590$344$196$15
42 years$1,528$937$553$317$178$13
43 years$1,476$893$519$293$162$11
44 years$1,426$851$487$270$147$9
45 years$1,378$811$458$250$133$7
46 years$1,333$774$430$231$121$6
47 years$1,290$739$404$213$110$5
48 years$1,249$705$379$197$100$4
49 years$1,209$673$357$182$91$4
50 years$1,172$643$335$168$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,200,000, adding $3,211 every year, while hoping to spend $42,129 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: 53/17/30 Blend
41$1,200,000$1,200,000$1,200,000$1,200,000
42$1,325,712$1,262,112$1,243,512$1,384,679
43$1,416,110$1,279,131$1,240,345$1,443,017
44$1,514,316$1,295,571$1,235,660$1,501,956
45$1,621,083$1,311,361$1,229,361$1,565,283
46$1,737,238$1,326,422$1,221,349$1,633,435
47$1,863,691$1,340,671$1,211,518$1,706,896
48$2,001,443$1,354,020$1,199,760$1,786,203
49$2,151,598$1,366,374$1,185,960$1,871,946
50$2,315,367$1,377,633$1,169,996$1,964,778
51$2,494,087$1,387,689$1,151,743$2,065,422
52$2,689,226$1,396,429$1,131,069$2,174,675
53$2,902,403$1,403,730$1,107,836$2,293,417
54$3,135,399$1,409,463$1,081,899$2,422,621
55$3,390,174$1,413,491$1,053,107$2,563,360
56$3,668,888$1,415,668$1,021,302$2,716,821
57$3,973,917$1,415,839$986,318$2,884,313
58$4,307,880$1,413,838$947,983$3,067,283
59$4,673,658$1,409,491$906,115$3,267,326
60$5,074,427$1,402,611$860,525$3,486,205
61$5,513,682$1,393,002$811,016$3,725,865
62$5,995,273$1,380,455$757,381$3,988,455
63$6,523,441$1,364,748$699,403$4,276,344
64$7,102,857$1,345,645$636,858$4,592,149
65$7,738,664$1,322,898$569,509$4,938,757
66$8,436,531$1,296,243$497,111$5,319,355
67$9,202,699$1,265,400$419,405$5,737,459
68$10,044,043$1,230,074$336,125$6,196,949
69$10,968,139$1,189,951$246,988$6,702,107
70$11,983,330$1,144,699$151,703$7,257,655
71$13,098,808$1,093,968$49,964$7,868,807
72$14,324,700$1,037,387$0$8,541,311
73$15,672,163$974,561$0$9,300,271
74$17,153,486$905,078$0$10,152,211
75$18,782,211$828,496$0$11,088,950
76$20,573,257$744,353$0$12,119,118
77$22,543,061$652,157$0$13,252,226
78$24,709,731$551,391$0$14,498,759
79$27,093,221$441,507$0$15,870,271
80$29,715,514$321,925$0$17,379,498
81$32,600,833$192,036$0$19,040,477
82$35,775,867$51,194$0$20,868,681
83$39,270,020$0$0$22,881,160
84$43,115,696$0$0$25,115,658
85$47,348,594$0$0$27,585,830
86$52,008,054$0$0$30,305,074
87$57,137,420$0$0$33,298,703
88$62,784,455$0$0$36,594,611
89$69,001,787$0$0$40,223,535
90$75,847,406$0$0$44,219,341
91$83,385,212$0$0$48,619,349
92$91,685,618$0$0$53,464,682
93$100,826,211$0$0$58,800,652
94$110,892,487$0$0$64,677,193
95$121,978,657$0$0$71,149,325
96$134,188,533$0$0$78,277,679
97$147,636,510$0$0$86,129,065
98$162,448,644$0$0$94,777,105
99$178,763,842$0$0$104,302,926
100$196,735,172$0$0$114,795,926