Can I retire at age 42 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$115,611$114,581$113,576$112,596$111,638$108,851
2 years$57,233$56,167$55,134$54,132$53,161$50,371
3 years$37,776$36,706$35,675$34,683$33,727$31,021
4 years$28,050$26,983$25,963$24,987$24,055$21,453
5 years$22,216$21,155$20,148$19,193$18,286$15,797
6 years$18,327$17,274$16,283$15,349$14,469$12,094
7 years$15,551$14,507$13,531$12,619$11,767$9,507
8 years$13,470$12,435$11,475$10,586$9,762$7,616
9 years$11,852$10,827$9,884$9,017$8,221$6,187
10 years$10,558$9,544$8,617$7,772$7,005$5,080
11 years$9,501$8,496$7,586$6,764$6,024$4,207
12 years$8,620$7,626$6,732$5,933$5,221$3,507
13 years$7,875$6,891$6,015$5,238$4,552$2,939
14 years$7,237$6,264$5,405$4,650$3,991$2,474
15 years$6,685$5,722$4,880$4,147$3,514$2,090
16 years$6,203$5,250$4,424$3,713$3,105$1,771
17 years$5,777$4,835$4,026$3,336$2,753$1,504
18 years$5,399$4,468$3,675$3,007$2,448$1,280
19 years$5,062$4,141$3,364$2,717$2,182$1,092
20 years$4,758$3,848$3,088$2,460$1,949$932
21 years$4,484$3,584$2,840$2,233$1,744$797
22 years$4,235$3,346$2,617$2,030$1,563$682
23 years$4,008$3,129$2,417$1,849$1,403$584
24 years$3,800$2,932$2,235$1,686$1,261$501
25 years$3,609$2,751$2,070$1,540$1,135$430
26 years$3,434$2,586$1,920$1,408$1,022$369
27 years$3,271$2,434$1,783$1,289$922$317
28 years$3,120$2,293$1,657$1,181$832$272
29 years$2,980$2,163$1,542$1,083$751$234
30 years$2,850$2,043$1,437$994$679$201
31 years$2,728$1,931$1,339$913$614$173
32 years$2,614$1,827$1,250$839$555$149
33 years$2,507$1,731$1,167$771$502$128
34 years$2,407$1,640$1,090$710$455$110
35 years$2,312$1,556$1,019$653$412$95
36 years$2,224$1,477$953$602$373$82
37 years$2,140$1,402$892$554$338$70
38 years$2,060$1,333$836$511$307$60
39 years$1,985$1,267$783$471$278$52
40 years$1,914$1,206$734$435$252$45
41 years$1,847$1,148$688$401$229$39
42 years$1,782$1,093$646$370$208$33
43 years$1,721$1,042$606$342$188$29
44 years$1,663$993$569$315$171$25
45 years$1,608$947$534$291$155$21
46 years$1,555$903$501$269$141$18
47 years$1,505$862$471$249$128$16
48 years$1,457$823$443$230$116$14
49 years$1,411$786$416$212$106$12
50 years$1,367$751$391$196$96$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,400,000, adding $2,427 every year, while hoping to spend $54,007 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: 35/45/20 Blend
41$1,400,000$1,400,000$1,400,000$1,400,000
42$1,545,303$1,471,103$1,449,403$1,589,888
43$1,645,461$1,485,724$1,440,495$1,637,445
44$1,754,025$1,499,252$1,429,479$1,683,543
45$1,871,796$1,511,575$1,416,226$1,732,165
46$1,999,653$1,522,576$1,400,604$1,783,567
47$2,138,565$1,532,130$1,382,471$1,838,036
48$2,289,596$1,540,102$1,361,682$1,895,887
49$2,453,920$1,546,351$1,338,083$1,957,475
50$2,632,823$1,550,727$1,311,513$2,023,192
51$2,827,727$1,553,068$1,281,804$2,093,475
52$3,040,190$1,553,203$1,248,779$2,168,809
53$3,271,932$1,550,953$1,212,256$2,249,735
54$3,524,843$1,546,123$1,172,041$2,336,850
55$3,801,005$1,538,512$1,127,932$2,430,819
56$4,102,710$1,527,901$1,079,720$2,532,381
57$4,432,479$1,514,061$1,027,184$2,642,356
58$4,793,091$1,496,749$970,093$2,761,651
59$5,187,603$1,475,706$908,208$2,891,275
60$5,619,381$1,450,659$841,276$3,032,345
61$6,092,135$1,421,318$769,035$3,186,101
62$6,609,946$1,387,376$691,211$3,353,916
63$7,177,311$1,348,507$607,517$3,537,312
64$7,799,181$1,304,369$517,654$3,737,974
65$8,481,010$1,254,596$421,308$3,957,769
66$9,228,805$1,198,802$318,153$4,198,765
67$10,049,181$1,136,581$207,849$4,463,251
68$10,949,425$1,067,501$90,039$4,753,760
69$11,937,563$991,106$0$5,073,096
70$13,022,437$906,913$0$5,431,978
71$14,213,787$814,413$0$5,847,222
72$15,522,341$713,066$0$6,303,477
73$16,959,917$602,305$0$6,805,032
74$18,539,537$481,526$0$7,356,625
75$20,275,544$350,095$0$7,963,487
76$22,183,741$207,340$0$8,631,397
77$24,281,536$52,554$0$9,366,733
78$26,588,111$0$0$10,176,540
79$29,124,597$0$0$11,125,546
80$31,914,276$0$0$12,198,129
81$34,982,799$0$0$13,378,156
82$38,358,431$0$0$14,676,524
83$42,072,309$0$0$16,105,239
84$46,158,744$0$0$17,677,533
85$50,655,540$0$0$19,407,982
86$55,604,351$0$0$21,312,647
87$61,051,071$0$0$23,409,228
88$67,046,272$0$0$25,717,224
89$73,645,675$0$0$28,258,124
90$80,910,678$0$0$31,055,605
91$88,908,936$0$0$34,135,757
92$97,714,996$0$0$37,527,327
93$107,411,000$0$0$41,261,993
94$118,087,462$0$0$45,374,662
95$129,844,120$0$0$49,903,797
96$142,790,877$0$0$54,891,783
97$157,048,837$0$0$60,385,325
98$172,751,448$0$0$66,435,887
99$190,045,759$0$0$73,100,181
100$209,093,811$0$0$80,440,700