Can I retire at age 42 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$113,133$112,126$111,142$110,183$109,246$105,496
2 years$56,007$54,964$53,953$52,972$52,022$48,282
3 years$36,967$35,919$34,911$33,940$33,005$29,392
4 years$27,449$26,404$25,406$24,452$23,539$20,082
5 years$21,740$20,701$19,716$18,781$17,894$14,601
6 years$17,935$16,904$15,934$15,020$14,159$11,033
7 years$15,218$14,196$13,241$12,348$11,515$8,556
8 years$13,181$12,169$11,229$10,359$9,553$6,757
9 years$11,598$10,595$9,672$8,823$8,045$5,410
10 years$10,332$9,339$8,432$7,606$6,855$4,376
11 years$9,297$8,314$7,424$6,619$5,895$3,568
12 years$8,435$7,462$6,588$5,806$5,109$2,927
13 years$7,706$6,744$5,886$5,126$4,455$2,414
14 years$7,082$6,130$5,289$4,550$3,905$1,998
15 years$6,542$5,600$4,775$4,058$3,438$1,660
16 years$6,070$5,138$4,329$3,633$3,039$1,382
17 years$5,653$4,732$3,939$3,265$2,694$1,154
18 years$5,284$4,372$3,596$2,942$2,396$965
19 years$4,953$4,052$3,292$2,658$2,135$808
20 years$4,656$3,765$3,021$2,408$1,907$677
21 years$4,388$3,507$2,779$2,185$1,707$569
22 years$4,144$3,274$2,561$1,987$1,530$478
23 years$3,922$3,062$2,365$1,809$1,373$402
24 years$3,719$2,869$2,187$1,650$1,234$338
25 years$3,532$2,692$2,026$1,507$1,111$284
26 years$3,360$2,530$1,879$1,378$1,001$239
27 years$3,201$2,381$1,745$1,261$902$202
28 years$3,053$2,244$1,622$1,156$814$170
29 years$2,916$2,117$1,509$1,060$735$143
30 years$2,789$1,999$1,406$973$664$121
31 years$2,670$1,890$1,311$893$600$102
32 years$2,558$1,788$1,223$821$543$86
33 years$2,453$1,693$1,142$755$492$72
34 years$2,355$1,605$1,067$695$445$61
35 years$2,263$1,522$997$639$403$51
36 years$2,176$1,445$933$589$365$43
37 years$2,094$1,372$873$543$331$37
38 years$2,016$1,304$818$500$300$31
39 years$1,943$1,240$766$461$272$26
40 years$1,873$1,180$718$425$247$22
41 years$1,807$1,123$673$392$224$19
42 years$1,744$1,070$632$362$203$16
43 years$1,685$1,019$593$334$184$13
44 years$1,628$972$556$309$167$11
45 years$1,574$926$522$285$152$9
46 years$1,522$884$491$263$138$8
47 years$1,473$843$461$243$125$7
48 years$1,426$805$433$225$114$6
49 years$1,381$769$407$208$103$5
50 years$1,338$734$383$192$94$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,370,000, adding $2,028 every year, while hoping to spend $48,879 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: 67/13/20 Blend
41$1,370,000$1,370,000$1,370,000$1,370,000
42$1,511,832$1,439,222$1,417,987$1,605,440
43$1,614,032$1,457,737$1,413,483$1,686,897
44$1,725,018$1,475,521$1,407,189$1,770,100
45$1,845,635$1,492,486$1,398,995$1,859,914
46$1,976,812$1,508,540$1,388,783$1,956,987
47$2,119,571$1,523,583$1,376,432$2,062,036
48$2,275,036$1,537,508$1,361,812$2,175,851
49$2,444,446$1,550,202$1,344,789$2,299,301
50$2,629,163$1,561,545$1,325,223$2,433,348
51$2,830,686$1,571,409$1,302,965$2,579,051
52$3,050,664$1,579,656$1,277,863$2,737,576
53$3,290,914$1,586,142$1,249,754$2,910,213
54$3,553,436$1,590,712$1,218,469$3,098,382
55$3,840,431$1,593,201$1,183,832$3,303,649
56$4,154,322$1,593,435$1,145,658$3,527,743
57$4,497,779$1,591,229$1,103,754$3,772,568
58$4,873,739$1,586,386$1,057,916$4,040,225
59$5,285,439$1,578,698$1,007,935$4,333,032
60$5,736,441$1,567,941$953,588$4,653,544
61$6,230,670$1,553,882$894,645$5,004,578
62$6,772,447$1,536,271$830,865$5,389,242
63$7,366,533$1,514,845$761,994$5,810,962
64$8,018,169$1,489,322$687,771$6,273,516
65$8,733,129$1,459,406$607,918$6,781,071
66$9,517,775$1,424,783$522,150$7,338,220
67$10,379,111$1,385,120$430,165$7,950,029
68$11,324,855$1,340,066$331,650$8,622,084
69$12,363,508$1,289,247$226,278$9,360,541
70$13,504,434$1,232,268$113,707$10,172,193
71$14,757,950$1,168,713$0$11,064,524
72$16,135,420$1,098,139$0$12,047,162
73$17,649,365$1,020,080$0$13,153,819
74$19,313,579$934,043$0$14,370,321
75$21,143,258$839,505$0$15,707,818
76$23,155,145$735,915$0$17,178,594
77$25,367,685$622,691$0$18,796,189
78$27,801,202$499,215$0$20,575,525
79$30,478,087$364,839$0$22,533,043
80$33,423,011$218,876$0$24,686,867
81$36,663,157$60,599$0$27,056,965
82$40,228,473$0$0$29,665,346
83$44,151,961$0$0$32,552,108
84$48,469,980$0$0$35,738,792
85$53,222,594$0$0$39,246,308
86$58,453,949$0$0$43,107,250
87$64,212,684$0$0$47,357,528
88$70,552,399$0$0$52,036,715
89$77,532,150$0$0$57,188,414
90$85,217,013$0$0$62,860,671
91$93,678,695$0$0$69,106,427
92$102,996,209$0$0$75,984,021
93$113,256,621$0$0$83,557,734
94$124,555,871$0$0$91,898,402
95$136,999,678$0$0$101,084,077
96$150,704,535$0$0$111,200,771
97$165,798,811$0$0$122,343,260
98$182,423,958$0$0$134,615,984
99$200,735,851$0$0$148,134,027
100$220,906,254$0$0$163,024,208