Can I retire at age 42 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$104,050$103,123$102,219$101,336$100,474$98,647
2 years$51,510$50,550$49,621$48,719$47,845$46,011
3 years$33,999$33,035$32,108$31,215$30,355$28,571
4 years$25,245$24,284$23,366$22,489$21,649$19,929
5 years$19,994$19,039$18,133$17,273$16,457$14,806
6 years$16,495$15,547$14,654$13,814$13,022$11,441
7 years$13,996$13,056$12,178$11,357$10,591$9,080
8 years$12,123$11,192$10,328$9,527$8,786$7,346
9 years$10,667$9,744$8,895$8,115$7,399$6,029
10 years$9,502$8,589$7,755$6,995$6,304$5,003
11 years$8,551$7,646$6,827$6,088$5,422$4,188
12 years$7,758$6,863$6,059$5,340$4,699$3,529
13 years$7,088$6,202$5,414$4,714$4,097$2,992
14 years$6,514$5,638$4,864$4,185$3,592$2,548
15 years$6,017$5,150$4,392$3,732$3,162$2,178
16 years$5,582$4,725$3,982$3,342$2,795$1,868
17 years$5,199$4,352$3,623$3,003$2,478$1,606
18 years$4,859$4,021$3,307$2,706$2,203$1,384
19 years$4,555$3,727$3,028$2,445$1,964$1,195
20 years$4,282$3,463$2,779$2,214$1,754$1,034
21 years$4,036$3,226$2,556$2,010$1,570$895
22 years$3,811$3,011$2,356$1,827$1,407$777
23 years$3,607$2,816$2,175$1,664$1,263$674
24 years$3,420$2,639$2,012$1,518$1,135$586
25 years$3,248$2,476$1,863$1,386$1,022$509
26 years$3,090$2,327$1,728$1,267$920$443
27 years$2,944$2,190$1,605$1,160$830$386
28 years$2,808$2,064$1,492$1,063$749$336
29 years$2,682$1,947$1,388$975$676$293
30 years$2,565$1,839$1,293$895$611$256
31 years$2,455$1,738$1,205$822$552$223
32 years$2,353$1,645$1,125$755$500$194
33 years$2,256$1,558$1,050$694$452$170
34 years$2,166$1,476$981$639$409$148
35 years$2,081$1,400$917$588$371$129
36 years$2,001$1,329$858$542$336$113
37 years$1,926$1,262$803$499$304$99
38 years$1,854$1,200$752$460$276$86
39 years$1,787$1,141$705$424$250$75
40 years$1,723$1,085$660$391$227$66
41 years$1,662$1,033$619$361$206$57
42 years$1,604$984$581$333$187$50
43 years$1,549$937$545$307$170$44
44 years$1,497$894$512$284$154$38
45 years$1,447$852$480$262$140$33
46 years$1,400$813$451$242$127$29
47 years$1,355$776$424$224$115$26
48 years$1,311$740$398$207$105$22
49 years$1,270$707$374$191$95$20
50 years$1,230$675$352$177$86$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,260,000, adding $5,907 every year, while hoping to spend $55,007 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: 30/50/20 Blend
41$1,260,000$1,260,000$1,260,000$1,260,000
42$1,394,613$1,327,833$1,308,303$1,427,557
43$1,478,337$1,334,370$1,293,604$1,459,620
44$1,568,756$1,339,383$1,276,569$1,488,735
45$1,666,497$1,342,741$1,257,062$1,518,895
46$1,772,246$1,344,301$1,234,940$1,550,222
47$1,886,758$1,343,915$1,210,053$1,582,858
48$2,010,863$1,341,422$1,182,245$1,616,961
49$2,145,474$1,336,655$1,151,354$1,652,710
50$2,291,594$1,329,433$1,117,206$1,690,309
51$2,450,328$1,319,567$1,079,624$1,729,985
52$2,622,890$1,306,854$1,038,420$1,771,996
53$2,810,617$1,291,082$993,399$1,816,630
54$3,014,977$1,272,022$944,355$1,864,213
55$3,237,589$1,249,436$891,076$1,915,109
56$3,480,233$1,223,068$833,336$1,969,728
57$3,744,867$1,192,649$770,903$2,028,527
58$4,033,648$1,157,893$703,533$2,092,019
59$4,348,949$1,118,499$630,970$2,160,778
60$4,693,383$1,074,146$552,949$2,235,444
61$5,069,825$1,024,496$469,190$2,316,735
62$5,481,443$969,192$379,403$2,405,449
63$5,931,722$907,854$283,285$2,502,477
64$6,424,501$840,083$180,519$2,608,814
65$6,964,008$765,454$70,774$2,725,567
66$7,554,897$683,522$0$2,853,968
67$8,202,295$593,813$0$3,005,281
68$8,911,846$495,826$0$3,187,903
69$9,689,768$389,036$0$3,388,492
70$10,542,909$272,883$0$3,609,020
71$11,478,811$146,780$0$3,851,671
72$12,505,782$10,104$0$4,118,865
73$13,632,972$0$0$4,413,281
74$14,870,461$0$0$4,813,706
75$16,229,351$0$0$5,259,728
76$17,721,875$0$0$5,749,827
77$19,361,506$0$0$6,288,454
78$21,163,087$0$0$6,880,515
79$23,142,971$0$0$7,531,410
80$25,319,173$0$0$8,247,093
81$27,711,538$0$0$9,034,122
82$30,341,934$0$0$9,899,720
83$33,234,451$0$0$10,851,849
84$36,415,630$0$0$11,899,280
85$39,914,715$0$0$13,051,676
86$43,763,923$0$0$14,319,685
87$47,998,755$0$0$15,715,037
88$52,658,324$0$0$17,250,660
89$57,785,725$0$0$18,940,796
90$63,428,443$0$0$20,801,139
91$69,638,798$0$0$22,848,980
92$76,474,440$0$0$25,103,375
93$83,998,891$0$0$27,585,318
94$92,282,143$0$0$30,317,942
95$101,401,322$0$0$33,326,741
96$111,441,408$0$0$36,639,802
97$122,496,043$0$0$40,288,079
98$134,668,411$0$0$44,305,677
99$148,072,210$0$0$48,730,178
100$162,832,726$0$0$53,602,996