Can I retire at age 42 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$114,785$113,762$112,765$111,791$110,841$106,611
2 years$56,824$55,766$54,740$53,746$52,781$48,570
3 years$37,507$36,444$35,421$34,435$33,487$29,426
4 years$27,850$26,790$25,777$24,809$23,883$20,004
5 years$22,057$21,004$20,004$19,056$18,155$14,468
6 years$18,196$17,151$16,166$15,239$14,366$10,872
7 years$15,440$14,403$13,434$12,529$11,683$8,383
8 years$13,374$12,346$11,393$10,510$9,692$6,582
9 years$11,767$10,750$9,813$8,952$8,162$5,237
10 years$10,483$9,475$8,555$7,717$6,955$4,210
11 years$9,433$8,435$7,532$6,716$5,981$3,410
12 years$8,558$7,571$6,684$5,891$5,183$2,779
13 years$7,819$6,842$5,972$5,201$4,520$2,276
14 years$7,186$6,219$5,366$4,617$3,962$1,871
15 years$6,637$5,681$4,845$4,117$3,489$1,543
16 years$6,158$5,213$4,392$3,687$3,083$1,276
17 years$5,736$4,801$3,997$3,312$2,734$1,057
18 years$5,361$4,436$3,649$2,985$2,431$877
19 years$5,025$4,111$3,340$2,697$2,167$729
20 years$4,724$3,820$3,065$2,443$1,935$607
21 years$4,452$3,559$2,820$2,217$1,732$505
22 years$4,205$3,322$2,599$2,016$1,552$421
23 years$3,979$3,107$2,399$1,836$1,393$351
24 years$3,773$2,911$2,219$1,674$1,252$293
25 years$3,584$2,732$2,055$1,529$1,127$245
26 years$3,409$2,567$1,906$1,398$1,015$204
27 years$3,248$2,416$1,770$1,280$915$171
28 years$3,098$2,277$1,646$1,173$826$143
29 years$2,959$2,148$1,531$1,075$746$119
30 years$2,829$2,028$1,426$987$674$100
31 years$2,709$1,918$1,330$906$609$83
32 years$2,595$1,814$1,241$833$551$70
33 years$2,489$1,718$1,158$766$499$58
34 years$2,390$1,628$1,082$705$452$49
35 years$2,296$1,545$1,012$649$409$41
36 years$2,208$1,466$947$597$371$34
37 years$2,124$1,392$886$551$336$29
38 years$2,046$1,323$830$507$304$24
39 years$1,971$1,258$777$468$276$20
40 years$1,900$1,197$729$432$250$17
41 years$1,833$1,140$683$398$227$14
42 years$1,770$1,085$641$367$206$12
43 years$1,709$1,034$601$339$187$10
44 years$1,652$986$565$313$170$8
45 years$1,597$940$530$289$154$7
46 years$1,544$897$498$267$140$6
47 years$1,494$856$468$247$127$5
48 years$1,447$817$440$228$115$4
49 years$1,401$780$413$211$105$3
50 years$1,357$745$388$195$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,390,000, adding $2,441 every year, while hoping to spend $35,323 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: 52/29/19 Blend
41$1,390,000$1,390,000$1,390,000$1,390,000
42$1,534,298$1,460,628$1,439,083$1,605,952
43$1,653,213$1,494,615$1,449,709$1,689,473
44$1,783,073$1,529,084$1,459,507$1,776,385
45$1,924,958$1,564,021$1,468,412$1,870,157
46$2,080,056$1,599,410$1,476,355$1,971,453
47$2,249,674$1,635,233$1,483,266$2,081,001
48$2,435,253$1,671,472$1,489,068$2,199,608
49$2,638,379$1,708,104$1,493,681$2,328,159
50$2,860,798$1,745,105$1,497,024$2,467,631
51$3,104,432$1,782,448$1,499,007$2,619,101
52$3,371,400$1,820,104$1,499,539$2,783,755
53$3,664,033$1,858,040$1,498,525$2,962,902
54$3,984,901$1,896,220$1,495,861$3,157,983
55$4,336,832$1,934,606$1,491,444$3,370,586
56$4,722,942$1,973,155$1,485,161$3,602,463
57$5,146,664$2,011,821$1,476,895$3,855,542
58$5,611,778$2,050,555$1,466,525$4,131,952
59$6,122,448$2,089,301$1,453,923$4,434,038
60$6,683,262$2,128,001$1,438,954$4,764,383
61$7,299,274$2,166,592$1,421,477$5,125,838
62$7,976,049$2,205,004$1,401,346$5,521,543
63$8,719,722$2,243,165$1,378,407$5,954,958
64$9,537,048$2,280,994$1,352,498$6,429,901
65$10,435,470$2,318,406$1,323,450$6,950,577
66$11,423,189$2,355,310$1,291,087$7,521,624
67$12,509,240$2,391,605$1,255,223$8,148,151
68$13,703,575$2,427,187$1,215,666$8,835,793
69$15,017,163$2,461,941$1,172,214$9,590,761
70$16,462,084$2,495,747$1,124,654$10,419,899
71$18,051,652$2,528,475$1,072,766$11,330,753
72$19,800,535$2,559,984$1,016,318$12,331,642
73$21,724,894$2,590,128$955,069$13,431,734
74$23,842,536$2,618,747$888,766$14,641,135
75$26,173,081$2,645,672$817,146$15,970,985
76$28,738,148$2,670,722$739,933$17,433,565
77$31,561,557$2,693,705$656,838$19,042,408
78$34,669,555$2,714,416$567,562$20,812,435
79$38,091,063$2,732,637$471,789$22,760,091
80$41,857,950$2,748,134$369,192$24,903,502
81$46,005,330$2,760,661$259,429$27,262,649
82$50,571,895$2,769,955$142,142$29,859,553
83$55,600,282$2,775,737$16,957$32,718,488
84$61,137,471$2,777,708$0$35,866,210
85$67,235,230$2,775,553$0$39,355,856
86$73,950,606$2,768,937$0$43,201,487
87$81,346,458$2,757,505$0$47,435,577
88$89,492,053$2,740,879$0$52,097,702
89$98,463,718$2,718,658$0$57,231,479
90$108,345,563$2,690,418$0$62,884,975
91$119,230,270$2,655,708$0$69,111,164
92$131,219,971$2,614,052$0$75,968,426
93$144,427,211$2,564,943$0$83,521,099
94$158,976,007$2,507,846$0$91,840,087
95$175,003,023$2,442,193$0$101,003,529
96$192,658,856$2,367,385$0$111,097,541
97$212,109,457$2,282,785$0$122,217,026
98$233,537,701$2,187,721$0$134,466,572
99$257,145,108$2,081,481$0$147,961,441
100$283,153,747$1,963,312$0$162,828,657