Can I retire at age 42 with 1,380,000?

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 $1,380,000?

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$113,959$112,944$111,954$110,987$110,043$106,777
2 years$56,415$55,365$54,346$53,359$52,401$49,138
3 years$37,237$36,181$35,166$34,188$33,246$30,087
4 years$27,649$26,597$25,592$24,630$23,711$20,682
5 years$21,898$20,853$19,860$18,918$18,025$15,133
6 years$18,065$17,028$16,050$15,129$14,262$11,510
7 years$15,329$14,300$13,338$12,439$11,599$8,987
8 years$13,277$12,258$11,311$10,434$9,623$7,148
9 years$11,683$10,672$9,742$8,888$8,104$5,765
10 years$10,407$9,407$8,494$7,661$6,905$4,699
11 years$9,365$8,375$7,478$6,668$5,938$3,861
12 years$8,497$7,517$6,636$5,848$5,146$3,193
13 years$7,763$6,793$5,929$5,163$4,487$2,654
14 years$7,134$6,175$5,327$4,583$3,934$2,216
15 years$6,590$5,641$4,810$4,088$3,463$1,856
16 years$6,114$5,175$4,361$3,660$3,061$1,559
17 years$5,695$4,766$3,968$3,288$2,714$1,313
18 years$5,322$4,404$3,622$2,964$2,413$1,108
19 years$4,989$4,082$3,316$2,678$2,151$936
20 years$4,690$3,793$3,043$2,425$1,921$792
21 years$4,420$3,533$2,799$2,201$1,719$671
22 years$4,174$3,298$2,580$2,001$1,541$569
23 years$3,951$3,084$2,382$1,823$1,383$483
24 years$3,746$2,890$2,203$1,662$1,243$410
25 years$3,558$2,712$2,041$1,518$1,119$348
26 years$3,384$2,549$1,893$1,388$1,008$296
27 years$3,224$2,399$1,757$1,271$909$252
28 years$3,076$2,260$1,634$1,164$820$214
29 years$2,938$2,132$1,520$1,068$740$182
30 years$2,809$2,014$1,416$980$669$155
31 years$2,689$1,904$1,320$900$605$132
32 years$2,577$1,801$1,232$827$547$113
33 years$2,471$1,706$1,150$760$495$96
34 years$2,372$1,617$1,075$700$448$82
35 years$2,279$1,533$1,005$644$406$70
36 years$2,192$1,455$940$593$368$59
37 years$2,109$1,382$880$547$333$51
38 years$2,031$1,314$824$504$302$43
39 years$1,957$1,249$772$464$274$37
40 years$1,887$1,189$723$428$249$31
41 years$1,820$1,131$678$395$226$27
42 years$1,757$1,078$636$365$205$23
43 years$1,697$1,027$597$337$186$19
44 years$1,640$979$560$311$169$17
45 years$1,585$933$526$287$153$14
46 years$1,533$890$494$265$139$12
47 years$1,484$850$464$245$126$10
48 years$1,436$811$436$226$115$9
49 years$1,391$774$410$209$104$7
50 years$1,347$740$386$193$95$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,380,000, adding $3,823 every year, while hoping to spend $48,677 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: 46/26/28 Blend
41$1,380,000$1,380,000$1,380,000$1,380,000
42$1,524,703$1,451,563$1,430,173$1,582,393
43$1,628,431$1,470,898$1,426,292$1,642,973
44$1,741,108$1,489,549$1,420,650$1,703,658
45$1,863,595$1,507,430$1,413,135$1,768,568
46$1,996,839$1,524,452$1,403,633$1,838,125
47$2,141,884$1,540,518$1,392,022$1,912,796
48$2,299,877$1,555,524$1,378,175$1,993,099
49$2,472,080$1,569,360$1,361,960$2,079,605
50$2,659,882$1,581,909$1,343,236$2,172,945
51$2,864,813$1,593,045$1,321,857$2,273,820
52$3,088,556$1,602,637$1,297,672$2,383,001
53$3,332,965$1,610,542$1,270,519$2,501,345
54$3,600,078$1,616,609$1,240,233$2,629,794
55$3,892,142$1,620,679$1,206,637$2,769,393
56$4,211,630$1,622,582$1,169,548$2,921,298
57$4,561,264$1,622,136$1,128,776$3,086,782
58$4,944,042$1,619,150$1,084,119$3,267,257
59$5,363,265$1,613,419$1,035,368$3,464,279
60$5,822,570$1,604,729$982,305$3,679,568
61$6,325,960$1,592,848$924,699$3,915,027
62$6,877,844$1,577,534$862,313$4,172,755
63$7,483,080$1,558,528$794,896$4,455,072
64$8,147,016$1,535,558$722,187$4,764,538
65$8,875,544$1,508,333$643,913$5,103,983
66$9,675,154$1,476,546$559,789$5,476,531
67$10,552,996$1,439,873$469,517$5,885,631
68$11,516,942$1,397,968$372,787$6,335,092
69$12,575,669$1,350,467$269,275$6,829,116
70$13,738,733$1,296,985$158,640$7,372,346
71$15,016,659$1,237,112$40,530$7,969,905
72$16,421,046$1,170,419$0$8,627,446
73$17,964,670$1,096,447$0$9,376,760
74$19,661,607$1,014,713$0$10,213,768
75$21,527,365$924,708$0$11,134,070
76$23,579,029$825,891$0$12,146,178
77$25,835,422$717,693$0$13,259,478
78$28,317,285$599,509$0$14,484,319
79$31,047,466$470,704$0$15,832,108
80$34,051,144$330,604$0$17,315,424
81$37,356,057$178,501$0$18,948,133
82$40,992,770$13,642$0$20,745,524
83$44,994,959$0$0$22,724,450
84$49,399,731$0$0$24,950,633
85$54,247,970$0$0$27,405,433
86$59,584,729$0$0$30,107,783
87$65,459,645$0$0$33,082,843
88$71,927,418$0$0$36,358,338
89$79,048,316$0$0$39,964,816
90$86,888,751$0$0$43,935,939
91$95,521,902$0$0$48,308,800
92$105,028,406$0$0$53,124,272
93$115,497,115$0$0$58,427,394
94$127,025,941$0$0$64,267,793
95$139,722,774$0$0$70,700,159
96$153,706,499$0$0$77,784,754
97$169,108,121$0$0$85,587,982
98$186,072,002$0$0$94,183,019
99$204,757,216$0$0$103,650,498
100$225,339,057$0$0$114,079,277