Can I retire at age 42 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$107,353$106,397$105,464$104,553$103,664$100,628
2 years$53,145$52,155$51,196$50,266$49,364$46,330
3 years$35,078$34,084$33,127$32,206$31,318$28,381
4 years$26,046$25,055$24,108$23,202$22,337$19,519
5 years$20,629$19,644$18,709$17,822$16,980$14,289
6 years$17,018$16,041$15,120$14,252$13,436$10,875
7 years$14,440$13,471$12,564$11,718$10,927$8,495
8 years$12,508$11,547$10,656$9,830$9,065$6,762
9 years$11,005$10,054$9,178$8,373$7,634$5,456
10 years$9,804$8,862$8,001$7,217$6,504$4,450
11 years$8,822$7,889$7,044$6,281$5,594$3,659
12 years$8,004$7,081$6,252$5,509$4,848$3,028
13 years$7,313$6,399$5,585$4,864$4,227$2,519
14 years$6,720$5,817$5,018$4,318$3,706$2,104
15 years$6,208$5,314$4,531$3,851$3,263$1,764
16 years$5,759$4,875$4,108$3,448$2,884$1,483
17 years$5,364$4,490$3,738$3,098$2,557$1,250
18 years$5,014$4,149$3,412$2,792$2,273$1,055
19 years$4,700$3,845$3,124$2,523$2,026$892
20 years$4,418$3,573$2,867$2,285$1,810$756
21 years$4,164$3,328$2,637$2,074$1,620$641
22 years$3,932$3,107$2,430$1,885$1,452$544
23 years$3,722$2,906$2,244$1,717$1,303$462
24 years$3,529$2,722$2,075$1,566$1,171$392
25 years$3,352$2,555$1,922$1,430$1,054$334
26 years$3,188$2,401$1,783$1,308$949$284
27 years$3,037$2,260$1,655$1,197$856$242
28 years$2,897$2,129$1,539$1,097$772$206
29 years$2,767$2,009$1,432$1,006$697$175
30 years$2,646$1,897$1,334$923$630$149
31 years$2,533$1,793$1,244$848$570$127
32 years$2,427$1,697$1,160$779$515$108
33 years$2,328$1,607$1,083$716$466$92
34 years$2,235$1,523$1,012$659$422$79
35 years$2,147$1,445$946$607$382$67
36 years$2,065$1,371$885$559$347$57
37 years$1,987$1,302$829$515$314$49
38 years$1,913$1,238$776$475$285$42
39 years$1,843$1,177$727$438$258$36
40 years$1,777$1,120$681$404$234$30
41 years$1,715$1,066$639$372$212$26
42 years$1,655$1,015$599$344$193$22
43 years$1,598$967$562$317$175$19
44 years$1,545$922$528$293$159$16
45 years$1,493$879$496$271$144$14
46 years$1,444$839$466$250$131$12
47 years$1,398$800$437$231$119$10
48 years$1,353$764$411$213$108$9
49 years$1,310$730$386$197$98$7
50 years$1,269$697$363$182$89$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,300,000, adding $5,278 every year, while hoping to spend $38,773 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: 78/12/10 Blend
41$1,300,000$1,300,000$1,300,000$1,300,000
42$1,438,044$1,369,144$1,348,994$1,547,368
43$1,543,471$1,394,978$1,352,931$1,645,794
44$1,658,351$1,420,778$1,355,701$1,748,190
45$1,783,609$1,446,502$1,357,223$1,859,371
46$1,920,260$1,472,104$1,357,413$1,980,196
47$2,069,423$1,497,534$1,356,183$2,111,612
48$2,232,330$1,522,739$1,353,441$2,254,660
49$2,410,337$1,547,662$1,349,090$2,410,489
50$2,604,934$1,572,241$1,343,028$2,580,364
51$2,817,766$1,596,409$1,335,147$2,765,677
52$3,050,641$1,620,096$1,325,338$2,967,962
53$3,305,551$1,643,226$1,313,482$3,188,912
54$3,584,691$1,665,717$1,299,457$3,430,388
55$3,890,474$1,687,482$1,283,134$3,694,443
56$4,225,562$1,708,429$1,264,378$3,983,337
57$4,592,885$1,728,457$1,243,050$4,299,562
58$4,995,668$1,747,460$1,219,001$4,645,863
59$5,437,466$1,765,325$1,192,077$5,025,265
60$5,922,193$1,781,931$1,162,117$5,441,100
61$6,454,160$1,797,149$1,128,952$5,897,041
62$7,038,117$1,810,842$1,092,404$6,397,135
63$7,679,294$1,822,863$1,052,289$6,945,841
64$8,383,456$1,833,057$1,008,415$7,548,074
65$9,156,949$1,841,258$960,578$8,209,248
66$10,006,768$1,847,290$908,567$8,935,330
67$10,940,617$1,850,965$852,162$9,732,898
68$11,966,982$1,852,085$791,132$10,609,197
69$13,095,215$1,850,438$725,236$11,572,214
70$14,335,618$1,845,800$654,222$12,630,749
71$15,699,539$1,837,932$577,826$13,794,502
72$17,199,483$1,826,582$495,774$15,074,160
73$18,849,227$1,811,481$407,780$16,481,502
74$20,663,950$1,792,346$313,542$18,029,510
75$22,660,376$1,768,874$212,749$19,732,488
76$24,856,931$1,740,746$105,073$21,606,201
77$27,273,919$1,707,623$0$23,668,024
78$29,933,709$1,669,147$0$25,938,153
79$32,860,951$1,624,938$0$28,448,672
80$36,082,802$1,574,595$0$31,211,651
81$39,629,188$1,517,690$0$34,252,760
82$43,533,082$1,453,774$0$37,600,284
83$47,830,818$1,382,370$0$41,285,394
84$52,562,430$1,302,975$0$45,342,438
85$57,772,031$1,215,054$0$49,809,268
86$63,508,231$1,118,045$0$54,727,595
87$69,824,592$1,011,350$0$60,143,384
88$76,780,136$894,342$0$66,107,288
89$84,439,898$766,353$0$72,675,126
90$92,875,544$626,680$0$79,908,409
91$102,166,044$474,582$0$87,874,923
92$112,398,415$309,271$0$96,649,367
93$123,668,549$129,921$0$106,314,061
94$136,082,110$0$0$116,959,718
95$149,755,534$0$0$128,694,803
96$164,817,128$0$0$141,640,231
97$181,408,281$0$0$155,900,378
98$199,684,795$0$0$171,609,164
99$219,818,359$0$0$188,914,165
100$241,998,166$0$0$207,978,004