Can I retire at age 42 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$112,308$111,307$110,331$109,379$108,448$107,630
2 years$55,598$54,562$53,559$52,586$51,642$50,817
3 years$36,697$35,657$34,656$33,692$32,764$31,957
4 years$27,248$26,212$25,221$24,273$23,367$22,586
5 years$21,581$20,550$19,572$18,644$17,764$17,009
6 years$17,804$16,781$15,817$14,910$14,056$13,330
7 years$15,107$14,093$13,144$12,258$11,431$10,734
8 years$13,085$12,080$11,147$10,283$9,483$8,815
9 years$11,513$10,518$9,601$8,759$7,986$7,346
10 years$10,257$9,271$8,371$7,550$6,805$6,193
11 years$9,229$8,253$7,369$6,571$5,852$5,268
12 years$8,374$7,408$6,540$5,764$5,071$4,514
13 years$7,650$6,694$5,843$5,088$4,422$3,892
14 years$7,031$6,085$5,250$4,517$3,877$3,372
15 years$6,494$5,559$4,740$4,028$3,413$2,934
16 years$6,025$5,100$4,298$3,607$3,017$2,562
17 years$5,612$4,697$3,911$3,241$2,675$2,244
18 years$5,245$4,340$3,570$2,921$2,378$1,970
19 years$4,917$4,022$3,268$2,639$2,120$1,734
20 years$4,622$3,738$2,999$2,390$1,893$1,529
21 years$4,356$3,482$2,759$2,169$1,694$1,350
22 years$4,114$3,250$2,543$1,972$1,519$1,194
23 years$3,893$3,040$2,348$1,796$1,363$1,058
24 years$3,692$2,848$2,171$1,638$1,225$938
25 years$3,506$2,673$2,011$1,496$1,103$832
26 years$3,335$2,512$1,865$1,368$993$739
27 years$3,178$2,364$1,732$1,252$896$657
28 years$3,031$2,228$1,610$1,147$808$585
29 years$2,895$2,101$1,498$1,052$730$521
30 years$2,768$1,985$1,396$966$659$464
31 years$2,650$1,876$1,301$887$596$413
32 years$2,539$1,775$1,214$815$539$368
33 years$2,436$1,681$1,133$749$488$328
34 years$2,338$1,593$1,059$690$442$293
35 years$2,246$1,511$990$635$400$261
36 years$2,160$1,434$926$585$363$233
37 years$2,078$1,362$867$539$329$208
38 years$2,001$1,295$812$496$298$186
39 years$1,928$1,231$761$458$270$166
40 years$1,859$1,171$713$422$245$148
41 years$1,794$1,115$668$390$222$132
42 years$1,731$1,062$627$360$202$118
43 years$1,672$1,012$588$332$183$106
44 years$1,616$964$552$306$166$95
45 years$1,562$920$519$283$151$84
46 years$1,511$877$487$261$137$76
47 years$1,462$837$458$242$124$68
48 years$1,415$799$430$223$113$60
49 years$1,371$763$404$206$103$54
50 years$1,328$729$380$191$93$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,360,000, adding $4,518 every year, while hoping to spend $39,315 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: 70/5/25 Blend
41$1,360,000$1,360,000$1,360,000$1,360,000
42$1,503,380$1,431,300$1,410,220$1,598,762
43$1,614,894$1,459,603$1,415,632$1,691,489
44$1,736,465$1,487,975$1,419,907$1,787,970
45$1,869,077$1,516,378$1,422,966$1,892,658
46$2,013,813$1,544,771$1,424,726$2,006,367
47$2,171,866$1,573,109$1,425,098$2,129,990
48$2,344,549$1,601,344$1,423,992$2,264,516
49$2,533,306$1,629,423$1,421,309$2,411,029
50$2,739,730$1,657,292$1,416,949$2,570,731
51$2,965,572$1,684,888$1,410,807$2,744,940
52$3,212,761$1,712,149$1,402,769$2,935,114
53$3,483,421$1,739,003$1,392,721$3,142,856
54$3,779,892$1,765,376$1,380,539$3,369,938
55$4,104,750$1,791,188$1,366,096$3,618,307
56$4,460,831$1,816,353$1,349,256$3,890,114
57$4,851,261$1,840,779$1,329,881$4,187,729
58$5,279,480$1,864,368$1,307,823$4,513,763
59$5,749,279$1,887,014$1,282,928$4,871,094
60$6,264,834$1,908,606$1,255,034$5,262,896
61$6,830,743$1,929,023$1,223,973$5,692,667
62$7,452,071$1,948,138$1,189,569$6,164,263
63$8,134,400$1,965,815$1,151,637$6,681,933
64$8,883,876$1,981,907$1,109,985$7,250,363
65$9,707,272$1,996,261$1,064,409$7,874,715
66$10,612,047$2,008,711$1,014,700$8,560,682
67$11,606,420$2,019,081$960,637$9,314,538
68$12,699,445$2,027,187$901,988$10,143,197
69$13,901,098$2,032,828$838,514$11,054,283
70$15,222,367$2,035,795$769,962$12,056,197
71$16,675,363$2,035,862$696,070$13,158,200
72$18,273,423$2,032,793$616,562$14,370,498
73$20,031,247$2,026,335$531,151$15,704,343
74$21,965,028$2,016,219$439,538$17,172,135
75$24,092,608$2,002,161$341,410$18,787,542
76$26,433,646$1,983,859$236,440$20,565,630
77$29,009,804$1,960,994$124,286$22,523,002
78$31,844,947$1,933,226$4,593$24,677,961
79$34,965,373$1,900,195$0$27,050,676
80$38,400,059$1,861,522$0$29,696,229
81$42,180,931$1,816,803$0$32,609,717
82$46,343,170$1,765,611$0$35,817,029
83$50,925,541$1,707,493$0$39,348,043
84$55,970,757$1,641,972$0$43,235,684
85$61,525,887$1,568,540$0$47,516,232
86$67,642,792$1,486,663$0$52,229,664
87$74,378,621$1,395,774$0$57,420,035
88$81,796,347$1,295,274$0$63,135,889
89$89,965,361$1,184,529$0$69,430,721
90$98,962,127$1,062,870$0$76,363,478
91$108,870,902$929,589$0$83,999,120
92$119,784,534$783,938$0$92,409,227
93$131,805,333$625,128$0$101,672,681
94$145,046,041$452,323$0$111,876,405
95$159,630,893$264,643$0$123,116,188
96$175,696,790$61,156$0$135,497,583
97$193,394,590$0$0$149,136,912
98$212,890,533$0$0$164,171,109
99$234,367,807$0$0$180,737,020
100$258,028,280$0$0$198,986,998