Can I retire at age 42 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$110,656$109,670$108,709$107,770$106,853$103,392
2 years$54,780$53,760$52,771$51,813$50,883$47,427
3 years$36,157$35,133$34,146$33,197$32,282$28,942
4 years$26,848$25,826$24,850$23,916$23,024$19,824
5 years$21,263$20,248$19,285$18,370$17,502$14,452
6 years$17,542$16,534$15,585$14,691$13,849$10,950
7 years$14,885$13,885$12,951$12,078$11,263$8,516
8 years$12,893$11,902$10,983$10,132$9,344$6,746
9 years$11,344$10,363$9,460$8,630$7,869$5,417
10 years$10,106$9,135$8,248$7,439$6,705$4,396
11 years$9,093$8,132$7,261$6,474$5,766$3,596
12 years$8,250$7,299$6,444$5,679$4,997$2,960
13 years$7,538$6,596$5,757$5,014$4,357$2,449
14 years$6,927$5,996$5,173$4,451$3,820$2,035
15 years$6,399$5,477$4,670$3,969$3,363$1,696
16 years$5,937$5,025$4,234$3,554$2,972$1,418
17 years$5,529$4,628$3,853$3,193$2,635$1,187
18 years$5,168$4,276$3,517$2,878$2,343$997
19 years$4,845$3,963$3,220$2,600$2,089$838
20 years$4,554$3,683$2,955$2,355$1,866$705
21 years$4,292$3,430$2,718$2,137$1,670$594
22 years$4,053$3,202$2,505$1,943$1,496$501
23 years$3,836$2,995$2,313$1,770$1,343$423
24 years$3,637$2,806$2,139$1,614$1,207$357
25 years$3,455$2,633$1,981$1,474$1,086$302
26 years$3,286$2,475$1,838$1,348$979$255
27 years$3,131$2,329$1,706$1,234$882$216
28 years$2,987$2,195$1,586$1,130$796$183
29 years$2,853$2,071$1,476$1,037$719$154
30 years$2,728$1,955$1,375$951$650$131
31 years$2,611$1,849$1,282$874$587$111
32 years$2,502$1,749$1,196$803$531$94
33 years$2,400$1,656$1,117$738$481$79
34 years$2,304$1,570$1,043$679$435$67
35 years$2,213$1,489$976$625$394$57
36 years$2,128$1,413$913$576$357$48
37 years$2,048$1,342$854$531$324$41
38 years$1,972$1,276$800$489$294$35
39 years$1,900$1,213$749$451$266$29
40 years$1,832$1,154$702$416$241$25
41 years$1,767$1,099$659$384$219$21
42 years$1,706$1,046$618$354$199$18
43 years$1,648$997$580$327$180$15
44 years$1,592$950$544$302$164$13
45 years$1,539$906$511$279$149$11
46 years$1,489$864$480$258$135$9
47 years$1,441$825$451$238$123$8
48 years$1,394$788$424$220$111$7
49 years$1,350$752$398$203$101$6
50 years$1,308$718$374$188$92$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,340,000, adding $4,777 every year, while hoping to spend $29,720 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: 23/49/28 Blend
41$1,340,000$1,340,000$1,340,000$1,340,000
42$1,481,607$1,410,587$1,389,817$1,502,490
43$1,601,110$1,448,084$1,404,755$1,558,453
44$1,731,805$1,486,423$1,419,196$1,615,521
45$1,874,804$1,525,612$1,433,094$1,675,989
46$2,031,328$1,565,662$1,446,397$1,740,158
47$2,202,725$1,606,581$1,459,053$1,808,357
48$2,390,477$1,648,377$1,471,005$1,880,951
49$2,596,217$1,691,058$1,482,194$1,958,341
50$2,821,742$1,734,631$1,492,559$2,040,967
51$3,069,033$1,779,101$1,502,033$2,129,315
52$3,340,271$1,824,474$1,510,548$2,223,922
53$3,637,858$1,870,753$1,518,031$2,325,376
54$3,964,441$1,917,942$1,524,407$2,434,330
55$4,322,935$1,966,041$1,529,595$2,551,498
56$4,716,549$2,015,053$1,533,511$2,677,672
57$5,148,822$2,064,975$1,536,069$2,813,721
58$5,623,649$2,115,806$1,537,174$2,960,605
59$6,145,322$2,167,541$1,536,730$3,119,383
60$6,718,570$2,220,175$1,534,635$3,291,219
61$7,348,601$2,273,701$1,530,783$3,477,401
62$8,041,154$2,328,109$1,525,060$3,679,345
63$8,802,553$2,383,387$1,517,351$3,898,613
64$9,639,762$2,439,521$1,507,530$4,136,929
65$10,560,456$2,496,496$1,495,471$4,396,193
66$11,573,089$2,554,291$1,481,036$4,678,497
67$12,686,979$2,612,886$1,464,086$4,986,153
68$13,912,389$2,672,255$1,444,470$5,321,704
69$15,260,627$2,732,371$1,422,035$5,687,959
70$16,744,155$2,793,201$1,396,617$6,088,013
71$18,376,702$2,854,710$1,368,046$6,525,278
72$20,173,394$2,916,860$1,336,145$7,003,516
73$22,150,901$2,979,606$1,300,726$7,526,877
74$24,327,587$3,042,902$1,261,595$8,099,934
75$26,723,691$3,106,693$1,218,548$8,727,731
76$29,361,509$3,170,923$1,171,371$9,415,829
77$32,265,613$3,235,529$1,119,842$10,170,357
78$35,463,077$3,300,441$1,063,728$10,998,075
79$38,983,732$3,365,584$1,002,785$11,906,437
80$42,860,453$3,430,877$936,757$12,903,658
81$47,129,460$3,496,232$865,380$13,998,797
82$51,830,670$3,561,551$788,375$15,201,840
83$57,008,064$3,626,733$705,451$16,523,800
84$62,710,108$3,691,665$616,305$17,976,814
85$68,990,208$3,756,225$520,621$19,574,266
86$75,907,214$3,820,285$418,066$21,330,909
87$83,525,974$3,883,704$308,296$23,263,008
88$91,917,950$3,946,331$190,950$25,388,493
89$101,161,885$4,008,006$65,651$27,727,131
90$111,344,553$4,068,554$0$30,300,714
91$122,561,574$4,127,790$0$33,153,599
92$134,918,317$4,185,514$0$36,314,184
93$148,530,895$4,241,514$0$39,792,153
94$163,527,260$4,295,562$0$43,619,821
95$180,048,410$4,347,414$0$47,832,798
96$198,249,720$4,396,809$0$52,470,330
97$218,302,410$4,443,471$0$57,575,670
98$240,395,157$4,487,103$0$63,196,489
99$264,735,880$4,527,388$0$69,385,321
100$291,553,701$4,563,991$0$76,200,064