Can I retire at age 42 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$101,572$100,667$99,785$98,923$98,082$97,669
2 years$50,283$49,347$48,439$47,559$46,706$46,288
3 years$33,189$32,249$31,343$30,472$29,632$29,224
4 years$24,644$23,706$22,810$21,953$21,134$20,738
5 years$19,518$18,586$17,701$16,862$16,066$15,683
6 years$16,102$15,177$14,305$13,485$12,712$12,343
7 years$13,663$12,745$11,888$11,087$10,338$9,983
8 years$11,834$10,925$10,082$9,300$8,577$8,236
9 years$10,413$9,512$8,683$7,922$7,223$6,896
10 years$9,276$8,385$7,570$6,829$6,154$5,841
11 years$8,347$7,464$6,665$5,943$5,293$4,993
12 years$7,573$6,700$5,915$5,213$4,587$4,300
13 years$6,919$6,055$5,285$4,602$4,000$3,726
14 years$6,359$5,503$4,748$4,085$3,506$3,245
15 years$5,873$5,027$4,287$3,643$3,087$2,839
16 years$5,449$4,613$3,887$3,262$2,728$2,492
17 years$5,076$4,248$3,537$2,931$2,419$2,195
18 years$4,744$3,925$3,229$2,641$2,151$1,938
19 years$4,447$3,638$2,956$2,387$1,917$1,715
20 years$4,180$3,381$2,713$2,162$1,712$1,521
21 years$3,939$3,149$2,495$1,962$1,532$1,352
22 years$3,721$2,939$2,300$1,784$1,374$1,203
23 years$3,521$2,749$2,123$1,625$1,233$1,072
24 years$3,339$2,576$1,964$1,482$1,108$956
25 years$3,171$2,417$1,819$1,353$997$854
26 years$3,017$2,272$1,687$1,237$898$763
27 years$2,874$2,138$1,566$1,132$810$683
28 years$2,741$2,015$1,456$1,038$731$611
29 years$2,618$1,901$1,355$951$660$547
30 years$2,504$1,795$1,262$873$596$491
31 years$2,397$1,697$1,177$802$539$440
32 years$2,297$1,606$1,098$737$488$395
33 years$2,203$1,520$1,025$678$441$354
34 years$2,115$1,441$958$624$400$318
35 years$2,032$1,367$895$574$362$286
36 years$1,954$1,297$838$529$328$257
37 years$1,880$1,232$784$487$297$231
38 years$1,810$1,171$734$449$269$208
39 years$1,744$1,113$688$414$244$187
40 years$1,682$1,059$645$382$222$168
41 years$1,622$1,008$605$352$201$151
42 years$1,566$960$567$325$182$136
43 years$1,512$915$532$300$166$122
44 years$1,461$872$500$277$150$110
45 years$1,413$832$469$256$136$99
46 years$1,366$793$441$236$124$89
47 years$1,322$757$414$218$112$80
48 years$1,280$723$389$202$102$72
49 years$1,240$690$366$187$93$65
50 years$1,201$659$344$172$84$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,230,000, adding $4,782 every year, while hoping to spend $39,069 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: 83/5/12 Blend
41$1,230,000$1,230,000$1,230,000$1,230,000
42$1,360,393$1,295,203$1,276,138$1,470,047
43$1,457,584$1,317,098$1,277,319$1,564,477
44$1,563,379$1,338,758$1,277,231$1,662,487
45$1,678,614$1,360,128$1,275,789$1,768,954
46$1,804,210$1,381,151$1,272,905$1,884,704
47$1,941,180$1,401,768$1,268,488$2,010,649
48$2,090,638$1,421,913$1,262,441$2,147,794
49$2,253,813$1,441,516$1,254,661$2,297,246
50$2,432,053$1,460,502$1,245,044$2,460,222
51$2,626,848$1,478,791$1,233,478$2,638,066
52$2,839,833$1,496,299$1,219,846$2,832,255
53$3,072,811$1,512,933$1,204,027$3,044,420
54$3,327,768$1,528,597$1,185,892$3,276,354
55$3,606,889$1,543,186$1,165,307$3,530,035
56$3,912,580$1,556,591$1,142,134$3,807,640
57$4,247,492$1,568,693$1,116,224$4,111,571
58$4,614,544$1,579,366$1,087,425$4,444,471
59$5,016,949$1,588,478$1,055,576$4,809,253
60$5,458,250$1,595,885$1,020,509$5,209,129
61$5,942,344$1,601,436$982,050$5,647,634
62$6,473,528$1,604,971$940,013$6,128,667
63$7,056,532$1,606,319$894,208$6,656,523
64$7,696,568$1,605,298$844,433$7,235,933
65$8,399,376$1,601,716$790,480$7,872,113
66$9,171,280$1,595,367$732,128$8,570,809
67$10,019,246$1,586,035$669,150$9,338,353
68$10,950,947$1,573,490$601,305$10,181,722
69$11,974,839$1,557,486$528,344$11,108,607
70$13,100,236$1,537,766$450,006$12,127,479
71$14,337,397$1,514,054$366,019$13,247,677
72$15,697,629$1,486,059$276,097$14,479,491
73$17,193,385$1,453,475$179,945$15,834,259
74$18,838,389$1,415,973$77,251$17,324,477
75$20,647,758$1,373,209$0$18,963,916
76$22,638,150$1,324,817$0$20,771,892
77$24,827,918$1,270,410$0$22,771,812
78$27,237,284$1,209,578$0$24,972,248
79$29,888,528$1,141,889$0$27,393,557
80$32,806,199$1,066,883$0$30,058,169
81$36,017,348$984,077$0$32,990,800
82$39,551,780$892,958$0$36,218,684
83$43,442,334$792,986$0$39,771,830
84$47,725,197$683,587$0$43,683,306
85$52,440,242$564,158$0$47,989,552
86$57,631,404$434,059$0$52,730,718
87$63,347,096$292,617$0$57,951,051
88$69,640,664$139,119$0$63,699,306
89$76,570,888$0$0$70,029,209
90$84,202,542$0$0$77,001,457
91$92,607,000$0$0$84,688,198
92$101,862,909$0$0$93,153,714
93$112,056,937$0$0$102,477,272
94$123,284,581$0$0$112,746,223
95$135,651,078$0$0$124,056,819
96$149,272,388$0$0$136,515,125
97$164,276,296$0$0$150,238,022
98$180,803,613$0$0$165,354,302
99$199,009,508$0$0$182,005,890
100$219,064,968$0$0$200,349,182