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%17.3%
1 years$113,133$112,126$111,142$110,183$109,246$106,004
2 years$56,007$54,964$53,953$52,972$52,022$48,782
3 years$36,967$35,919$34,911$33,940$33,005$29,869
4 years$27,449$26,404$25,406$24,452$23,539$20,532
5 years$21,740$20,701$19,716$18,781$17,894$15,023
6 years$17,935$16,904$15,934$15,020$14,159$11,427
7 years$15,218$14,196$13,241$12,348$11,515$8,922
8 years$13,181$12,169$11,229$10,359$9,553$7,097
9 years$11,598$10,595$9,672$8,823$8,045$5,723
10 years$10,332$9,339$8,432$7,606$6,855$4,665
11 years$9,297$8,314$7,424$6,619$5,895$3,833
12 years$8,435$7,462$6,588$5,806$5,109$3,170
13 years$7,706$6,744$5,886$5,126$4,455$2,635
14 years$7,082$6,130$5,289$4,550$3,905$2,200
15 years$6,542$5,600$4,775$4,058$3,438$1,843
16 years$6,070$5,138$4,329$3,633$3,039$1,548
17 years$5,653$4,732$3,939$3,265$2,694$1,304
18 years$5,284$4,372$3,596$2,942$2,396$1,100
19 years$4,953$4,052$3,292$2,658$2,135$929
20 years$4,656$3,765$3,021$2,408$1,907$786
21 years$4,388$3,507$2,779$2,185$1,707$666
22 years$4,144$3,274$2,561$1,987$1,530$565
23 years$3,922$3,062$2,365$1,809$1,373$479
24 years$3,719$2,869$2,187$1,650$1,234$407
25 years$3,532$2,692$2,026$1,507$1,111$346
26 years$3,360$2,530$1,879$1,378$1,001$294
27 years$3,201$2,381$1,745$1,261$902$250
28 years$3,053$2,244$1,622$1,156$814$213
29 years$2,916$2,117$1,509$1,060$735$181
30 years$2,789$1,999$1,406$973$664$154
31 years$2,670$1,890$1,311$893$600$131
32 years$2,558$1,788$1,223$821$543$112
33 years$2,453$1,693$1,142$755$492$95
34 years$2,355$1,605$1,067$695$445$81
35 years$2,263$1,522$997$639$403$69
36 years$2,176$1,445$933$589$365$59
37 years$2,094$1,372$873$543$331$50
38 years$2,016$1,304$818$500$300$43
39 years$1,943$1,240$766$461$272$36
40 years$1,873$1,180$718$425$247$31
41 years$1,807$1,123$673$392$224$26
42 years$1,744$1,070$632$362$203$23
43 years$1,685$1,019$593$334$184$19
44 years$1,628$972$556$309$167$16
45 years$1,574$926$522$285$152$14
46 years$1,522$884$491$263$138$12
47 years$1,473$843$461$243$125$10
48 years$1,426$805$433$225$114$9
49 years$1,381$769$407$208$103$7
50 years$1,338$734$383$192$94$6

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 $6,582 every year, while hoping to spend $36,199 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: 72/15/13 Blend
41$1,370,000$1,370,000$1,370,000$1,370,000
42$1,516,529$1,443,919$1,422,684$1,621,042
43$1,632,700$1,476,156$1,431,829$1,723,375
44$1,759,507$1,508,759$1,440,066$1,830,329
45$1,897,996$1,541,708$1,447,328$1,946,479
46$2,049,321$1,574,981$1,453,543$2,072,726
47$2,214,749$1,608,552$1,458,634$2,210,063
48$2,395,677$1,642,395$1,462,522$2,359,584
49$2,593,643$1,676,480$1,465,124$2,522,491
50$2,810,341$1,710,773$1,466,351$2,700,113
51$3,047,634$1,745,239$1,466,113$2,893,911
52$3,307,576$1,779,840$1,464,311$3,105,494
53$3,592,429$1,814,531$1,460,845$3,336,637
54$3,904,682$1,849,269$1,455,609$3,589,294
55$4,247,078$1,884,002$1,448,490$3,865,619
56$4,622,639$1,918,676$1,439,373$4,167,985
57$5,034,691$1,953,234$1,428,135$4,499,006
58$5,486,899$1,987,613$1,414,648$4,861,563
59$5,983,301$2,021,744$1,398,776$5,258,831
60$6,528,343$2,055,554$1,380,381$5,694,307
61$7,126,923$2,088,966$1,359,313$6,171,847
62$7,784,439$2,121,895$1,335,420$6,695,698
63$8,506,834$2,154,250$1,308,539$7,270,540
64$9,300,658$2,185,935$1,278,501$7,901,534
65$10,173,124$2,216,845$1,245,130$8,594,362
66$11,132,182$2,246,870$1,208,241$9,355,289
67$12,186,588$2,275,890$1,167,641$10,191,219
68$13,345,989$2,303,778$1,123,126$11,109,759
69$14,621,015$2,330,398$1,074,485$12,119,294
70$16,023,376$2,355,605$1,021,498$13,229,062
71$17,565,975$2,379,244$963,933$14,449,246
72$19,263,028$2,401,150$901,548$15,791,067
73$21,130,198$2,421,148$834,091$17,266,891
74$23,184,743$2,439,049$761,298$18,890,348
75$25,445,678$2,454,654$682,893$20,676,456
76$27,933,956$2,467,750$598,589$22,641,768
77$30,672,662$2,478,113$508,084$24,804,525
78$33,687,233$2,485,500$411,064$27,184,830
79$37,005,698$2,489,657$307,202$29,804,839
80$40,658,942$2,490,312$196,156$32,688,967
81$44,680,994$2,487,177$77,567$35,864,123
82$49,109,352$2,479,946$0$39,359,961
83$53,985,337$2,468,294$0$43,215,958
84$59,354,477$2,451,876$0$47,473,259
85$65,266,942$2,430,327$0$52,160,842
86$71,778,016$2,403,259$0$57,322,510
87$78,948,615$2,370,260$0$63,006,531
88$86,845,867$2,330,896$0$69,266,099
89$95,543,740$2,284,704$0$76,159,830
90$105,123,743$2,231,196$0$83,752,319
91$115,675,694$2,169,854$0$92,114,751
92$127,298,569$2,100,131$0$101,325,569
93$140,101,431$2,021,445$0$111,471,217
94$154,204,464$1,933,184$0$122,646,959
95$169,740,107$1,834,697$0$134,957,772
96$186,854,300$1,725,299$0$148,519,344
97$205,707,862$1,604,262$0$163,459,160
98$226,478,011$1,470,818$0$179,917,711
99$249,360,036$1,324,157$0$198,049,820
100$274,569,138$1,163,418$0$218,026,098