Can I retire at age 42 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$120,565$119,492$118,444$117,421$116,422$114,494
2 years$59,686$58,574$57,497$56,452$55,439$53,502
3 years$39,395$38,279$37,204$36,170$35,173$33,287
4 years$29,252$28,139$27,075$26,058$25,086$23,266
5 years$23,168$22,061$21,011$20,015$19,070$17,321
6 years$19,113$18,015$16,980$16,006$15,089$13,414
7 years$16,217$15,129$14,111$13,160$12,272$10,670
8 years$14,047$12,968$11,967$11,039$10,180$8,652
9 years$12,360$11,291$10,307$9,403$8,573$7,118
10 years$11,011$9,953$8,986$8,106$7,305$5,921
11 years$9,908$8,860$7,911$7,054$6,283$4,968
12 years$8,989$7,952$7,021$6,188$5,444$4,198
13 years$8,213$7,187$6,273$5,463$4,748$3,568
14 years$7,548$6,532$5,636$4,849$4,162$3,047
15 years$6,972$5,968$5,089$4,325$3,664$2,611
16 years$6,468$5,475$4,614$3,872$3,238$2,246
17 years$6,025$5,042$4,198$3,479$2,871$1,937
18 years$5,631$4,659$3,832$3,135$2,553$1,674
19 years$5,279$4,318$3,508$2,833$2,276$1,450
20 years$4,962$4,013$3,220$2,566$2,033$1,258
21 years$4,676$3,738$2,962$2,329$1,819$1,093
22 years$4,416$3,489$2,730$2,117$1,631$951
23 years$4,180$3,263$2,520$1,928$1,464$828
24 years$3,963$3,057$2,331$1,759$1,316$722
25 years$3,764$2,869$2,159$1,606$1,184$630
26 years$3,581$2,697$2,002$1,469$1,066$550
27 years$3,411$2,538$1,859$1,344$961$480
28 years$3,254$2,391$1,728$1,232$867$420
29 years$3,108$2,256$1,608$1,129$783$367
30 years$2,972$2,131$1,498$1,037$708$321
31 years$2,845$2,014$1,397$952$640$281
32 years$2,726$1,906$1,303$875$579$246
33 years$2,615$1,805$1,217$805$524$215
34 years$2,510$1,710$1,137$740$474$188
35 years$2,412$1,622$1,063$681$430$165
36 years$2,319$1,540$994$628$389$145
37 years$2,231$1,463$931$578$353$127
38 years$2,149$1,390$872$533$320$111
39 years$2,070$1,322$817$491$290$97
40 years$1,996$1,257$765$453$263$85
41 years$1,926$1,197$718$418$239$75
42 years$1,859$1,140$673$386$217$66
43 years$1,795$1,086$632$356$197$57
44 years$1,735$1,035$593$329$178$50
45 years$1,677$987$557$304$162$44
46 years$1,622$942$523$281$147$39
47 years$1,570$899$491$259$134$34
48 years$1,519$858$462$240$121$30
49 years$1,471$819$434$221$110$26
50 years$1,425$783$408$205$100$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $1,460,000, adding $3,001 every year, while hoping to spend $25,750 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: 36/35/29 Blend
41$1,460,000$1,460,000$1,460,000$1,460,000
42$1,612,016$1,534,636$1,512,006$1,655,934
43$1,749,043$1,582,435$1,535,260$1,736,754
44$1,899,185$1,631,713$1,558,430$1,821,410
45$2,063,751$1,682,516$1,581,487$1,912,316
46$2,244,184$1,734,890$1,604,397$2,010,051
47$2,442,074$1,788,883$1,627,128$2,115,255
48$2,659,172$1,844,545$1,649,643$2,228,629
49$2,897,407$1,901,927$1,671,905$2,350,945
50$3,158,901$1,961,080$1,693,873$2,483,053
51$3,445,996$2,022,060$1,715,505$2,625,890
52$3,761,268$2,084,922$1,736,755$2,780,484
53$4,107,558$2,149,723$1,757,576$2,947,968
54$4,487,992$2,216,522$1,777,918$3,129,591
55$4,906,016$2,285,381$1,797,727$3,326,726
56$5,365,427$2,356,362$1,816,948$3,540,884
57$5,870,405$2,429,529$1,835,521$3,773,731
58$6,425,560$2,504,949$1,853,384$4,027,101
59$7,035,966$2,582,690$1,870,472$4,303,013
60$7,707,216$2,662,823$1,886,714$4,603,690
61$8,445,471$2,745,421$1,902,038$4,931,582
62$9,257,520$2,830,557$1,916,367$5,289,387
63$10,150,842$2,918,310$1,929,620$5,680,075
64$11,133,678$3,008,757$1,941,713$6,106,920
65$12,215,109$3,101,981$1,952,555$6,573,527
66$13,405,137$3,198,066$1,962,054$7,083,868
67$14,714,788$3,297,098$1,970,109$7,642,318
68$16,156,206$3,399,165$1,976,617$8,253,698
69$17,742,774$3,504,360$1,981,470$8,923,317
70$19,489,240$3,612,776$1,984,551$9,657,027
71$21,411,851$3,724,511$1,985,743$10,461,272
72$23,528,512$3,839,664$1,984,917$11,343,156
73$25,858,951$3,958,339$1,981,943$12,310,502
74$28,424,907$4,080,640$1,976,680$13,371,933
75$31,250,333$4,206,676$1,968,984$14,536,947
76$34,361,624$4,336,561$1,958,702$15,816,012
77$37,787,864$4,470,407$1,945,674$17,220,660
78$41,561,105$4,608,335$1,929,732$18,763,599
79$45,716,660$4,750,466$1,910,701$20,458,833
80$50,293,446$4,896,926$1,888,396$22,321,791
81$55,334,345$5,047,843$1,862,625$24,369,475
82$60,886,612$5,203,351$1,833,187$26,620,620
83$67,002,317$5,363,586$1,799,869$29,095,871
84$73,738,840$5,528,688$1,762,451$31,817,976
85$81,159,410$5,698,802$1,720,702$34,812,005
86$89,333,704$5,874,077$1,674,379$38,105,582
87$98,338,500$6,054,666$1,623,230$41,729,145
88$108,258,408$6,240,725$1,566,988$45,716,241
89$119,186,661$6,432,417$1,505,379$50,103,834
90$131,226,003$6,629,907$1,438,111$54,932,657
91$144,489,649$6,833,367$1,364,882$60,247,599
92$159,102,364$7,042,972$1,285,375$66,098,126
93$175,201,630$7,258,903$1,199,261$72,538,747
94$192,938,953$7,481,345$1,106,192$79,629,532
95$212,481,285$7,710,490$1,005,809$87,436,677
96$234,012,606$7,946,534$897,733$96,033,130
97$257,735,656$8,189,678$781,571$105,499,277
98$283,873,850$8,440,130$656,912$115,923,705
99$312,673,389$8,698,103$523,324$127,404,037
100$344,405,580$8,963,814$380,360$140,047,851