Can I retire at age 42 with 1,290,000?

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 $1,290,000?

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$106,527$105,578$104,652$103,749$102,866$100,996
2 years$52,736$51,754$50,802$49,879$48,984$47,106
3 years$34,808$33,822$32,872$31,958$31,077$29,251
4 years$25,846$24,863$23,923$23,024$22,165$20,404
5 years$20,470$19,493$18,565$17,685$16,849$15,158
6 years$16,887$15,917$15,003$14,143$13,332$11,714
7 years$14,329$13,367$12,468$11,627$10,843$9,297
8 years$12,411$11,458$10,574$9,754$8,995$7,521
9 years$10,921$9,976$9,107$8,308$7,575$6,173
10 years$9,729$8,794$7,940$7,162$6,454$5,122
11 years$8,754$7,829$6,990$6,233$5,551$4,287
12 years$7,943$7,026$6,203$5,467$4,810$3,614
13 years$7,256$6,350$5,542$4,827$4,195$3,063
14 years$6,669$5,772$4,980$4,284$3,677$2,608
15 years$6,160$5,273$4,496$3,821$3,238$2,230
16 years$5,715$4,838$4,076$3,421$2,861$1,912
17 years$5,323$4,455$3,709$3,074$2,537$1,644
18 years$4,975$4,117$3,386$2,770$2,256$1,417
19 years$4,664$3,815$3,100$2,503$2,011$1,224
20 years$4,384$3,545$2,845$2,267$1,796$1,058
21 years$4,132$3,302$2,617$2,058$1,607$917
22 years$3,902$3,083$2,412$1,871$1,441$795
23 years$3,693$2,883$2,227$1,704$1,293$690
24 years$3,502$2,701$2,059$1,554$1,162$600
25 years$3,326$2,535$1,907$1,419$1,046$522
26 years$3,164$2,383$1,769$1,298$942$454
27 years$3,014$2,242$1,643$1,188$849$395
28 years$2,875$2,113$1,527$1,088$766$344
29 years$2,746$1,993$1,421$998$692$300
30 years$2,626$1,882$1,324$916$625$262
31 years$2,514$1,780$1,234$841$565$228
32 years$2,409$1,684$1,151$773$511$199
33 years$2,310$1,595$1,075$711$463$174
34 years$2,218$1,511$1,004$654$419$152
35 years$2,131$1,433$939$602$380$132
36 years$2,049$1,361$879$555$344$116
37 years$1,971$1,292$822$511$312$101
38 years$1,898$1,228$770$471$283$88
39 years$1,829$1,168$721$434$256$77
40 years$1,764$1,111$676$400$232$67
41 years$1,701$1,058$634$370$211$59
42 years$1,642$1,007$595$341$191$51
43 years$1,586$960$558$315$174$45
44 years$1,533$915$524$291$158$39
45 years$1,482$872$492$268$143$34
46 years$1,433$832$462$248$130$30
47 years$1,387$794$434$229$118$26
48 years$1,342$758$408$212$107$23
49 years$1,300$724$383$196$97$20
50 years$1,259$692$360$181$88$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,290,000, adding $5,668 every year, while hoping to spend $51,350 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: 41/32/27 Blend
41$1,290,000$1,290,000$1,290,000$1,290,000
42$1,427,427$1,359,057$1,339,062$1,474,417
43$1,518,388$1,371,014$1,329,284$1,520,826
44$1,616,907$1,381,837$1,317,458$1,565,786
45$1,723,699$1,391,415$1,303,461$1,613,464
46$1,839,553$1,399,631$1,287,163$1,664,141
47$1,965,335$1,406,360$1,268,431$1,718,130
48$2,101,998$1,411,471$1,247,123$1,775,776
49$2,250,592$1,414,823$1,223,091$1,837,467
50$2,412,269$1,416,266$1,196,181$1,903,629
51$2,588,298$1,415,641$1,166,231$1,974,738
52$2,780,077$1,412,780$1,133,073$2,051,321
53$2,989,143$1,407,504$1,096,528$2,133,964
54$3,217,186$1,399,622$1,056,412$2,223,315
55$3,466,069$1,388,933$1,012,532$2,320,093
56$3,737,840$1,375,224$964,685$2,425,098
57$4,034,757$1,358,267$912,659$2,539,213
58$4,359,303$1,337,823$856,233$2,663,417
59$4,714,212$1,313,636$795,177$2,798,798
60$5,102,494$1,285,437$729,248$2,946,557
61$5,527,466$1,252,941$658,195$3,108,027
62$5,992,777$1,215,844$581,754$3,284,681
63$6,502,447$1,173,828$499,650$3,478,152
64$7,060,904$1,126,552$411,595$3,690,246
65$7,673,022$1,073,659$317,290$3,922,962
66$8,344,171$1,014,769$216,420$4,178,512
67$9,080,265$949,482$108,659$4,459,341
68$9,887,818$877,372$0$4,768,157
69$10,774,004$797,992$0$5,109,777
70$11,746,727$710,868$0$5,519,207
71$12,814,691$615,499$0$5,968,876
72$13,987,486$511,355$0$6,462,938
73$15,275,676$397,877$0$7,005,977
74$16,690,897$274,476$0$7,603,051
75$18,245,970$140,526$0$8,259,744
76$19,955,017$0$0$8,982,212
77$21,833,597$0$0$9,778,884
78$23,898,853$0$0$10,709,300
79$26,169,668$0$0$11,732,506
80$28,666,851$0$0$12,857,902
81$31,413,324$0$0$14,095,841
82$34,434,345$0$0$15,457,733
83$37,757,741$0$0$16,956,147
84$41,414,173$0$0$18,604,935
85$45,437,423$0$0$20,419,355
86$49,864,713$0$0$22,416,222
87$54,737,056$0$0$24,614,064
88$60,099,641$0$0$27,033,294
89$66,002,261$0$0$29,696,407
90$72,499,781$0$0$32,628,188
91$79,652,655$0$0$35,855,946
92$87,527,496$0$0$39,409,776
93$96,197,703$0$0$43,322,837
94$105,744,158$0$0$47,631,668
95$116,255,981$0$0$52,376,532
96$127,831,376$0$0$57,601,794
97$140,578,557$0$0$63,356,343
98$154,616,763$0$0$69,694,050
99$170,077,392$0$0$76,674,277
100$187,105,230$0$0$84,362,437