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%17.8%
1 years$113,133$112,126$111,142$110,183$109,246$105,791
2 years$56,007$54,964$53,953$52,972$52,022$48,573
3 years$36,967$35,919$34,911$33,940$33,005$29,669
4 years$27,449$26,404$25,406$24,452$23,539$20,343
5 years$21,740$20,701$19,716$18,781$17,894$14,846
6 years$17,935$16,904$15,934$15,020$14,159$11,261
7 years$15,218$14,196$13,241$12,348$11,515$8,767
8 years$13,181$12,169$11,229$10,359$9,553$6,953
9 years$11,598$10,595$9,672$8,823$8,045$5,591
10 years$10,332$9,339$8,432$7,606$6,855$4,542
11 years$9,297$8,314$7,424$6,619$5,895$3,720
12 years$8,435$7,462$6,588$5,806$5,109$3,067
13 years$7,706$6,744$5,886$5,126$4,455$2,541
14 years$7,082$6,130$5,289$4,550$3,905$2,114
15 years$6,542$5,600$4,775$4,058$3,438$1,764
16 years$6,070$5,138$4,329$3,633$3,039$1,477
17 years$5,653$4,732$3,939$3,265$2,694$1,239
18 years$5,284$4,372$3,596$2,942$2,396$1,041
19 years$4,953$4,052$3,292$2,658$2,135$877
20 years$4,656$3,765$3,021$2,408$1,907$739
21 years$4,388$3,507$2,779$2,185$1,707$624
22 years$4,144$3,274$2,561$1,987$1,530$527
23 years$3,922$3,062$2,365$1,809$1,373$445
24 years$3,719$2,869$2,187$1,650$1,234$377
25 years$3,532$2,692$2,026$1,507$1,111$319
26 years$3,360$2,530$1,879$1,378$1,001$270
27 years$3,201$2,381$1,745$1,261$902$229
28 years$3,053$2,244$1,622$1,156$814$194
29 years$2,916$2,117$1,509$1,060$735$164
30 years$2,789$1,999$1,406$973$664$139
31 years$2,670$1,890$1,311$893$600$118
32 years$2,558$1,788$1,223$821$543$100
33 years$2,453$1,693$1,142$755$492$85
34 years$2,355$1,605$1,067$695$445$72
35 years$2,263$1,522$997$639$403$61
36 years$2,176$1,445$933$589$365$52
37 years$2,094$1,372$873$543$331$44
38 years$2,016$1,304$818$500$300$37
39 years$1,943$1,240$766$461$272$32
40 years$1,873$1,180$718$425$247$27
41 years$1,807$1,123$673$392$224$23
42 years$1,744$1,070$632$362$203$19
43 years$1,685$1,019$593$334$184$16
44 years$1,628$972$556$309$167$14
45 years$1,574$926$522$285$152$12
46 years$1,522$884$491$263$138$10
47 years$1,473$843$461$243$125$9
48 years$1,426$805$433$225$114$7
49 years$1,381$769$407$208$103$6
50 years$1,338$734$383$192$94$5

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 $4,016 every year, while hoping to spend $53,805 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: 43/28/29 Blend
41$1,370,000$1,370,000$1,370,000$1,370,000
42$1,513,883$1,441,273$1,420,038$1,566,027
43$1,611,050$1,454,647$1,410,361$1,617,230
44$1,716,326$1,466,873$1,398,556$1,667,290
45$1,830,480$1,477,838$1,384,496$1,720,515
46$1,954,359$1,487,422$1,368,047$1,777,230
47$2,088,894$1,495,496$1,349,067$1,837,797
48$2,235,110$1,501,925$1,327,410$1,902,618
49$2,394,135$1,506,562$1,302,921$1,972,138
50$2,567,207$1,509,255$1,275,440$2,046,851
51$2,755,693$1,509,839$1,244,798$2,127,305
52$2,961,093$1,508,141$1,210,818$2,214,108
53$3,185,060$1,503,975$1,173,316$2,307,934
54$3,429,413$1,497,147$1,132,099$2,409,529
55$3,696,153$1,487,447$1,086,964$2,519,721
56$3,987,484$1,474,655$1,037,701$2,639,425
57$4,305,833$1,458,538$984,089$2,769,657
58$4,653,869$1,438,847$925,897$2,911,540
59$5,034,533$1,415,321$862,884$3,066,319
60$5,451,062$1,387,679$794,798$3,235,369
61$5,907,023$1,355,627$721,376$3,420,217
62$6,406,340$1,318,854$642,343$3,622,547
63$6,953,337$1,277,028$557,411$3,844,225
64$7,552,774$1,229,799$466,282$4,087,315
65$8,209,895$1,176,797$368,640$4,354,099
66$8,930,475$1,117,630$264,160$4,647,100
67$9,720,873$1,051,884$152,499$4,969,108
68$10,588,096$979,121$33,302$5,323,209
69$11,539,860$898,876$0$5,712,810
70$12,584,666$810,660$0$6,170,737
71$13,731,875$713,956$0$6,684,981
72$14,991,802$608,215$0$7,249,953
73$16,375,808$492,861$0$7,870,866
74$17,896,411$367,282$0$8,553,471
75$19,567,399$230,832$0$9,304,112
76$21,403,963$82,832$0$10,129,784
77$23,422,838$0$0$11,038,207
78$25,642,462$0$0$12,061,753
79$28,083,148$0$0$13,215,487
80$30,767,276$0$0$14,484,491
81$33,719,505$0$0$15,880,445
82$36,967,000$0$0$17,416,220
83$40,539,696$0$0$19,105,997
84$44,470,571$0$0$20,965,401
85$48,795,964$0$0$23,011,648
86$53,555,913$0$0$25,263,707
87$58,794,534$0$0$27,742,479
88$64,560,436$0$0$30,470,996
89$70,907,179$0$0$33,474,633
90$77,893,779$0$0$36,781,351
91$85,585,266$0$0$40,421,963
92$94,053,293$0$0$44,430,419
93$103,376,817$0$0$48,844,127
94$113,642,837$0$0$53,704,310
95$124,947,222$0$0$59,056,391
96$137,395,608$0$0$64,950,424
97$151,104,398$0$0$71,441,561
98$166,201,859$0$0$78,590,580
99$182,829,333$0$0$86,464,451
100$201,142,568$0$0$95,136,972