Can I retire at age 42 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$109,830$108,852$107,897$106,966$106,056$102,785
2 years$54,371$53,359$52,377$51,426$50,503$47,236
3 years$35,888$34,871$33,892$32,949$32,041$28,880
4 years$26,647$25,634$24,664$23,738$22,852$19,822
5 years$21,105$20,097$19,141$18,233$17,372$14,481
6 years$17,411$16,411$15,468$14,581$13,746$10,996
7 years$14,773$13,782$12,854$11,988$11,179$8,571
8 years$12,796$11,813$10,902$10,056$9,274$6,806
9 years$11,259$10,286$9,389$8,566$7,810$5,479
10 years$10,030$9,066$8,186$7,384$6,655$4,457
11 years$9,026$8,071$7,207$6,426$5,723$3,655
12 years$8,189$7,244$6,396$5,637$4,960$3,017
13 years$7,481$6,547$5,714$4,976$4,325$2,503
14 years$6,876$5,951$5,134$4,417$3,791$2,085
15 years$6,351$5,436$4,636$3,939$3,338$1,743
16 years$5,892$4,988$4,203$3,527$2,950$1,461
17 years$5,488$4,593$3,824$3,169$2,616$1,228
18 years$5,129$4,244$3,491$2,856$2,326$1,033
19 years$4,809$3,934$3,196$2,581$2,073$871
20 years$4,520$3,655$2,933$2,337$1,852$736
21 years$4,260$3,405$2,698$2,121$1,657$622
22 years$4,023$3,178$2,487$1,929$1,485$526
23 years$3,808$2,973$2,296$1,757$1,333$445
24 years$3,610$2,785$2,123$1,602$1,198$377
25 years$3,429$2,614$1,967$1,463$1,078$320
26 years$3,262$2,457$1,824$1,338$971$271
27 years$3,107$2,312$1,694$1,225$876$230
28 years$2,964$2,178$1,574$1,122$790$195
29 years$2,831$2,055$1,465$1,029$714$166
30 years$2,707$1,941$1,365$944$645$141
31 years$2,592$1,835$1,272$867$583$120
32 years$2,483$1,736$1,187$797$527$102
33 years$2,382$1,644$1,108$733$477$86
34 years$2,287$1,558$1,036$674$432$73
35 years$2,197$1,478$968$621$391$62
36 years$2,112$1,403$906$572$355$53
37 years$2,033$1,332$848$527$321$45
38 years$1,957$1,266$794$486$291$38
39 years$1,886$1,204$744$448$264$33
40 years$1,818$1,146$697$413$240$28
41 years$1,754$1,090$654$381$217$24
42 years$1,693$1,038$613$352$197$20
43 years$1,635$989$575$325$179$17
44 years$1,580$943$540$300$163$14
45 years$1,528$899$507$277$148$12
46 years$1,478$858$476$256$134$10
47 years$1,430$819$448$236$122$9
48 years$1,384$782$421$218$110$8
49 years$1,340$746$395$202$100$6
50 years$1,299$713$372$186$91$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,330,000, adding $2,073 every year, while hoping to spend $37,504 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: 43/39/18 Blend
41$1,330,000$1,330,000$1,330,000$1,330,000
42$1,467,798$1,397,308$1,376,693$1,523,142
43$1,577,610$1,425,872$1,382,909$1,590,921
44$1,697,365$1,454,579$1,388,075$1,660,460
45$1,828,039$1,483,396$1,392,118$1,735,012
46$1,970,704$1,512,288$1,394,959$1,815,056
47$2,126,541$1,541,215$1,396,516$1,901,120
48$2,296,851$1,570,137$1,396,702$1,993,788
49$2,483,064$1,599,009$1,395,426$2,093,703
50$2,686,758$1,627,781$1,392,593$2,201,573
51$2,909,666$1,656,401$1,388,104$2,318,182
52$3,153,700$1,684,813$1,381,853$2,444,392
53$3,420,963$1,712,955$1,373,732$2,581,154
54$3,713,774$1,740,762$1,363,624$2,729,520
55$4,034,683$1,768,163$1,351,410$2,890,646
56$4,386,501$1,795,084$1,336,963$3,065,810
57$4,772,324$1,821,442$1,320,150$3,256,422
58$5,195,560$1,847,152$1,300,834$3,464,035
59$5,659,964$1,872,120$1,278,869$3,690,364
60$6,169,673$1,896,246$1,254,104$3,937,301
61$6,729,243$1,919,426$1,226,380$4,206,931
62$7,343,692$1,941,544$1,195,530$4,501,555
63$8,018,549$1,962,480$1,161,381$4,823,712
64$8,759,905$1,982,105$1,123,750$5,176,200
65$9,574,467$2,000,281$1,082,448$5,562,107
66$10,469,628$2,016,860$1,037,276$5,984,839
67$11,453,531$2,031,686$988,025$6,448,152
68$12,535,145$2,044,593$934,478$6,956,187
69$13,724,355$2,055,403$876,408$7,513,514
70$15,032,049$2,063,928$813,578$8,125,171
71$16,470,224$2,069,966$745,738$8,796,715
72$18,052,097$2,073,304$672,631$9,534,274
73$19,792,231$2,073,717$593,984$10,344,605
74$21,706,672$2,070,962$509,516$11,235,161
75$23,813,098$2,064,785$418,930$12,214,160
76$26,130,988$2,054,914$321,919$13,290,665
77$28,681,806$2,041,061$218,160$14,474,667
78$31,489,198$2,022,922$107,317$15,777,186
79$34,579,223$2,000,172$0$17,210,371
80$37,980,592$1,972,468$0$18,789,728
81$41,724,940$1,939,447$0$20,550,052
82$45,847,127$1,900,723$0$22,487,071
83$50,385,564$1,855,888$0$24,618,819
84$55,382,575$1,804,510$0$26,965,175
85$60,884,799$1,746,132$0$29,548,051
86$66,943,625$1,680,269$0$32,391,600
87$73,615,681$1,606,409$0$35,522,445
88$80,963,367$1,524,009$0$38,969,934
89$89,055,442$1,432,497$0$42,766,412
90$97,967,674$1,331,266$0$46,947,535
91$107,783,554$1,219,675$0$51,552,602
92$118,595,083$1,097,046$0$56,624,933
93$130,503,643$962,663$0$62,212,273
94$143,620,950$815,769$0$68,367,251
95$158,070,109$655,563$0$75,147,872
96$173,986,776$481,202$0$82,618,074
97$191,520,440$291,794$0$90,848,325
98$210,835,828$86,395$0$99,916,299
99$232,114,465$0$0$109,907,605
100$255,556,384$0$0$120,974,960