Can I retire at age 42 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$117,262$116,218$115,199$114,204$113,233$109,828
2 years$58,051$56,969$55,922$54,906$53,920$50,519
3 years$38,316$37,230$36,185$35,179$34,209$30,918
4 years$28,451$27,368$26,333$25,344$24,398$21,242
5 years$22,533$21,457$20,436$19,467$18,547$15,534
6 years$18,589$17,521$16,515$15,568$14,676$11,809
7 years$15,773$14,714$13,724$12,799$11,935$9,215
8 years$13,662$12,613$11,639$10,737$9,902$7,326
9 years$12,021$10,982$10,025$9,145$8,339$5,904
10 years$10,709$9,680$8,740$7,883$7,105$4,809
11 years$9,636$8,617$7,694$6,861$6,110$3,949
12 years$8,743$7,735$6,829$6,018$5,295$3,264
13 years$7,988$6,990$6,101$5,313$4,617$2,711
14 years$7,341$6,354$5,482$4,716$4,048$2,262
15 years$6,781$5,804$4,949$4,206$3,564$1,894
16 years$6,291$5,325$4,487$3,766$3,150$1,590
17 years$5,860$4,904$4,083$3,384$2,793$1,337
18 years$5,476$4,532$3,727$3,049$2,483$1,128
19 years$5,134$4,200$3,412$2,755$2,213$952
20 years$4,826$3,903$3,132$2,496$1,977$805
21 years$4,548$3,635$2,880$2,265$1,769$681
22 years$4,295$3,393$2,655$2,059$1,586$577
23 years$4,065$3,174$2,451$1,875$1,424$490
24 years$3,855$2,974$2,267$1,711$1,280$415
25 years$3,661$2,791$2,100$1,562$1,151$353
26 years$3,483$2,623$1,947$1,428$1,037$300
27 years$3,318$2,468$1,808$1,307$935$255
28 years$3,165$2,326$1,681$1,198$844$216
29 years$3,023$2,194$1,564$1,098$762$184
30 years$2,891$2,072$1,457$1,008$688$157
31 years$2,767$1,959$1,358$926$622$133
32 years$2,651$1,854$1,267$851$563$113
33 years$2,543$1,755$1,183$782$509$96
34 years$2,441$1,664$1,106$720$461$82
35 years$2,346$1,578$1,034$663$418$70
36 years$2,255$1,498$967$610$379$60
37 years$2,170$1,422$905$562$343$51
38 years$2,090$1,352$848$518$311$43
39 years$2,014$1,285$794$478$282$37
40 years$1,941$1,223$744$441$256$31
41 years$1,873$1,164$698$407$232$27
42 years$1,808$1,109$655$375$211$23
43 years$1,746$1,056$614$347$191$19
44 years$1,687$1,007$577$320$173$16
45 years$1,631$960$541$295$158$14
46 years$1,578$916$509$273$143$12
47 years$1,527$874$478$252$130$10
48 years$1,478$835$449$233$118$9
49 years$1,431$797$422$215$107$7
50 years$1,386$761$397$199$97$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,420,000, adding $4,609 every year, while hoping to spend $40,119 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: 57/38/5 Blend
41$1,420,000$1,420,000$1,420,000$1,420,000
42$1,569,594$1,494,334$1,472,324$1,657,306
43$1,687,006$1,524,870$1,478,961$1,747,293
44$1,815,050$1,555,558$1,484,475$1,840,346
45$1,954,767$1,586,362$1,488,787$1,940,719
46$2,107,305$1,617,246$1,491,813$2,049,113
47$2,273,926$1,648,166$1,493,464$2,166,301
48$2,456,020$1,679,080$1,493,649$2,293,133
49$2,655,117$1,709,938$1,492,269$2,430,547
50$2,872,903$1,740,689$1,489,224$2,579,574
51$3,111,232$1,771,276$1,484,406$2,741,353
52$3,372,148$1,801,638$1,477,704$2,917,136
53$3,657,899$1,831,711$1,468,999$3,108,305
54$3,970,963$1,861,423$1,458,169$3,316,382
55$4,314,069$1,890,700$1,445,085$3,543,043
56$4,690,220$1,919,461$1,429,612$3,790,137
57$5,102,727$1,947,619$1,411,608$4,059,700
58$5,555,234$1,975,081$1,390,925$4,353,979
59$6,051,755$2,001,747$1,367,409$4,675,446
60$6,596,713$2,027,511$1,340,896$5,026,829
61$7,194,978$2,052,260$1,311,217$5,411,134
62$7,851,917$2,075,872$1,278,193$5,831,673
63$8,573,439$2,098,216$1,241,640$6,292,099
64$9,366,057$2,119,156$1,201,361$6,796,435
65$10,236,942$2,138,542$1,157,154$7,349,118
66$11,193,998$2,156,218$1,108,806$7,955,040
67$12,245,929$2,172,016$1,056,095$8,619,588
68$13,402,327$2,185,757$998,787$9,348,706
69$14,673,757$2,197,253$936,640$10,148,942
70$16,071,862$2,206,300$869,399$11,027,516
71$17,609,467$2,212,684$796,799$11,992,384
72$19,300,703$2,216,176$718,562$13,052,318
73$21,161,141$2,216,534$634,400$14,216,986
74$23,207,933$2,213,501$544,008$15,497,045
75$25,459,982$2,206,801$447,072$16,904,243
76$27,938,112$2,196,147$343,260$18,451,529
77$30,665,269$2,181,228$232,230$20,153,174
78$33,666,737$2,161,718$113,620$22,024,913
79$36,970,373$2,137,271$0$24,084,086
80$40,606,874$2,107,520$0$26,350,500
81$44,610,061$2,072,075$0$28,851,046
82$49,017,204$2,030,523$0$31,602,903
83$53,869,369$1,982,429$0$34,631,690
84$59,211,805$1,927,328$0$37,965,649
85$65,094,374$1,864,732$0$41,635,902
86$71,572,018$1,794,123$0$45,676,755
87$78,705,280$1,714,951$0$50,126,020
88$86,560,872$1,626,636$0$55,025,368
89$95,212,305$1,528,565$0$60,420,731
90$104,740,584$1,420,089$0$66,362,733
91$115,234,971$1,300,521$0$72,907,170
92$126,793,827$1,169,136$0$80,115,537
93$139,525,541$1,025,167$0$88,055,611
94$153,549,550$867,804$0$96,802,094
95$168,997,469$696,191$0$106,437,316
96$186,014,330$509,423$0$117,052,018
97$204,759,953$306,547$0$128,746,210
98$225,410,453$86,552$0$141,630,112
99$248,159,901$0$0$155,825,206
100$273,222,156$0$0$171,528,780