Can I retire at age 42 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$100,746$99,849$98,974$98,119$97,285$94,095
2 years$49,874$48,946$48,045$47,173$46,326$43,143
3 years$32,919$31,987$31,089$30,224$29,391$26,315
4 years$24,443$23,513$22,625$21,775$20,962$18,016
5 years$19,359$18,435$17,558$16,725$15,935$13,126
6 years$15,971$15,053$14,189$13,375$12,609$9,941
7 years$13,552$12,642$11,791$10,996$10,254$7,726
8 years$11,738$10,836$10,000$9,225$8,507$6,117
9 years$10,328$9,435$8,613$7,857$7,164$4,909
10 years$9,201$8,317$7,509$6,773$6,104$3,981
11 years$8,279$7,404$6,611$5,895$5,250$3,254
12 years$7,512$6,645$5,867$5,170$4,549$2,677
13 years$6,863$6,005$5,242$4,565$3,967$2,213
14 years$6,307$5,459$4,710$4,052$3,478$1,838
15 years$5,826$4,987$4,252$3,614$3,062$1,531
16 years$5,405$4,575$3,855$3,236$2,706$1,278
17 years$5,034$4,213$3,508$2,907$2,399$1,070
18 years$4,705$3,893$3,202$2,620$2,133$898
19 years$4,411$3,608$2,932$2,367$1,902$754
20 years$4,146$3,353$2,691$2,144$1,699$634
21 years$3,907$3,123$2,475$1,946$1,520$534
22 years$3,690$2,915$2,281$1,769$1,362$450
23 years$3,493$2,727$2,106$1,611$1,223$379
24 years$3,312$2,555$1,948$1,470$1,099$320
25 years$3,145$2,398$1,804$1,342$989$270
26 years$2,992$2,253$1,673$1,227$891$228
27 years$2,850$2,121$1,554$1,123$803$193
28 years$2,719$1,998$1,444$1,029$725$163
29 years$2,597$1,885$1,344$944$655$138
30 years$2,483$1,780$1,252$866$591$117
31 years$2,377$1,683$1,167$795$535$99
32 years$2,278$1,592$1,089$731$484$83
33 years$2,185$1,508$1,017$672$438$71
34 years$2,097$1,429$950$619$396$60
35 years$2,015$1,356$888$569$359$51
36 years$1,938$1,287$831$524$325$43
37 years$1,864$1,222$778$483$295$36
38 years$1,795$1,161$728$445$267$31
39 years$1,730$1,104$682$411$242$26
40 years$1,668$1,051$640$379$220$22
41 years$1,609$1,000$600$349$199$19
42 years$1,553$953$563$323$181$16
43 years$1,500$908$528$298$164$13
44 years$1,450$865$495$275$149$11
45 years$1,401$825$465$254$135$10
46 years$1,355$787$437$234$123$8
47 years$1,312$751$411$217$112$7
48 years$1,270$717$386$200$101$6
49 years$1,230$685$363$185$92$5
50 years$1,191$654$341$171$84$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,220,000, adding $5,487 every year, while hoping to spend $47,278 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: 62/21/17 Blend
41$1,220,000$1,220,000$1,220,000$1,220,000
42$1,350,100$1,285,440$1,266,530$1,427,686
43$1,437,507$1,298,123$1,258,655$1,493,250
44$1,532,244$1,309,843$1,248,932$1,558,978
45$1,635,011$1,320,503$1,237,249$1,629,617
46$1,746,573$1,329,999$1,223,488$1,705,649
47$1,867,776$1,338,222$1,207,528$1,787,605
48$1,999,548$1,345,053$1,189,239$1,876,070
49$2,142,911$1,350,369$1,168,486$1,971,693
50$2,298,987$1,354,037$1,145,130$2,075,186
51$2,469,015$1,355,916$1,119,023$2,187,339
52$2,654,354$1,355,856$1,090,011$2,309,020
53$2,856,504$1,353,698$1,057,931$2,441,192
54$3,077,112$1,349,274$1,022,617$2,584,912
55$3,317,993$1,342,404$983,890$2,741,351
56$3,581,146$1,332,899$941,567$2,911,799
57$3,868,768$1,320,556$895,455$3,097,682
58$4,183,282$1,305,163$845,353$3,300,570
59$4,527,352$1,286,492$791,048$3,522,199
60$4,903,916$1,264,304$732,322$3,764,482
61$5,316,204$1,238,343$668,943$4,029,533
62$5,767,777$1,208,342$600,673$4,319,681
63$6,262,553$1,174,014$527,258$4,637,498
64$6,804,851$1,135,057$448,438$4,985,820
65$7,399,423$1,091,153$363,939$5,367,779
66$8,051,507$1,041,962$273,473$5,786,826
67$8,766,870$987,127$176,744$6,246,772
68$9,551,864$926,270$73,438$6,751,819
69$10,413,486$858,990$0$7,306,603
70$11,359,446$784,864$0$7,922,914
71$12,398,232$703,445$0$8,614,366
72$13,539,199$614,261$0$9,373,909
73$14,792,649$516,812$0$10,208,473
74$16,169,933$410,569$0$11,125,697
75$17,683,556$294,977$0$12,134,001
76$19,347,293$169,446$0$13,242,667
77$21,176,322$33,354$0$14,461,928
78$23,187,364$0$0$15,803,063
79$25,398,840$0$0$17,304,838
80$27,831,047$0$0$18,965,087
81$30,506,348$0$0$20,791,378
82$33,449,380$0$0$22,800,544
83$36,687,290$0$0$25,011,131
84$40,249,988$0$0$27,443,573
85$44,170,429$0$0$30,120,386
86$48,484,927$0$0$33,066,376
87$53,233,491$0$0$36,308,880
88$58,460,205$0$0$39,878,016
89$64,213,647$0$0$43,806,971
90$70,547,341$0$0$48,132,314
91$77,520,264$0$0$52,894,337
92$85,197,404$0$0$58,137,442
93$93,650,369$0$0$63,910,552
94$102,958,066$0$0$70,267,577
95$113,207,442$0$0$77,267,920
96$124,494,306$0$0$84,977,038
97$136,924,230$0$0$93,467,063
98$150,613,549$0$0$102,817,474
99$165,690,455$0$0$113,115,855
100$182,296,206$0$0$124,458,718