Can I retire at age 42 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,760$62,201$61,656$61,123$60,603$59,502
2 years$31,069$30,491$29,930$29,386$28,859$27,753
3 years$20,507$19,926$19,367$18,828$18,309$17,233
4 years$15,227$14,648$14,094$13,565$13,058$12,021
5 years$12,060$11,484$10,937$10,419$9,927$8,931
6 years$9,949$9,378$8,839$8,332$7,855$6,901
7 years$8,442$7,875$7,345$6,850$6,388$5,477
8 years$7,312$6,751$6,229$5,746$5,299$4,431
9 years$6,434$5,878$5,365$4,895$4,463$3,637
10 years$5,732$5,181$4,678$4,219$3,803$3,018
11 years$5,157$4,612$4,118$3,672$3,270$2,526
12 years$4,679$4,140$3,655$3,221$2,834$2,129
13 years$4,275$3,741$3,265$2,844$2,471$1,804
14 years$3,929$3,400$2,934$2,524$2,166$1,537
15 years$3,629$3,106$2,649$2,251$1,907$1,314
16 years$3,367$2,850$2,402$2,016$1,686$1,126
17 years$3,136$2,625$2,185$1,811$1,495$969
18 years$2,931$2,425$1,995$1,632$1,329$835
19 years$2,748$2,248$1,826$1,475$1,185$721
20 years$2,583$2,089$1,676$1,336$1,058$624
21 years$2,434$1,946$1,542$1,212$947$540
22 years$2,299$1,816$1,421$1,102$849$468
23 years$2,176$1,699$1,312$1,004$762$407
24 years$2,063$1,592$1,213$916$685$353
25 years$1,959$1,494$1,124$836$616$307
26 years$1,864$1,404$1,042$764$555$267
27 years$1,776$1,321$968$700$500$233
28 years$1,694$1,245$900$641$452$203
29 years$1,618$1,174$837$588$408$177
30 years$1,547$1,109$780$540$368$154
31 years$1,481$1,048$727$496$333$134
32 years$1,419$992$678$455$301$117
33 years$1,361$939$633$419$273$102
34 years$1,307$890$592$385$247$89
35 years$1,255$845$553$355$224$78
36 years$1,207$802$518$327$203$68
37 years$1,161$761$484$301$184$59
38 years$1,118$724$454$277$166$52
39 years$1,078$688$425$256$151$45
40 years$1,039$655$398$236$137$40
41 years$1,002$623$374$218$124$35
42 years$968$593$350$201$113$30
43 years$934$565$329$185$102$26
44 years$903$539$309$171$93$23
45 years$873$514$290$158$84$20
46 years$844$490$272$146$77$18
47 years$817$468$256$135$70$15
48 years$791$447$240$125$63$13
49 years$766$427$226$115$57$12
50 years$742$407$212$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $760,000, adding $6,144 every year, while hoping to spend $59,473 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: 67/7/26 Blend
41$760,000$760,000$760,000$760,000
42$843,858$803,578$791,798$894,314
43$866,652$779,674$755,044$905,116
44$889,779$752,606$715,066$909,621
45$913,208$722,155$671,692$913,195
46$936,906$688,092$624,745$915,746
47$960,834$650,172$574,037$917,179
48$984,946$608,137$519,374$917,388
49$1,009,189$561,715$460,553$916,261
50$1,033,505$510,617$397,359$913,675
51$1,057,824$454,539$329,573$909,497
52$1,082,069$393,159$256,960$903,585
53$1,106,152$326,135$179,280$895,783
54$1,129,973$253,110$96,280$885,925
55$1,153,421$173,702$7,696$873,829
56$1,176,368$87,512$0$859,297
57$1,198,673$0$0$866,209
58$1,220,175$0$0$874,539
59$1,240,697$0$0$888,860
60$1,260,038$0$0$902,284
61$1,277,975$0$0$914,644
62$1,294,258$0$0$925,755
63$1,308,608$0$0$935,410
64$1,320,716$0$0$943,380
65$1,330,236$0$0$949,408
66$1,336,783$0$0$953,210
67$1,339,930$0$0$954,469
68$1,339,202$0$0$952,834
69$1,334,072$0$0$947,914
70$1,323,954$0$0$939,275
71$1,308,199$0$0$926,437
72$1,286,086$0$0$908,868
73$1,256,819$0$0$885,977
74$1,219,512$0$0$857,109
75$1,173,186$0$0$821,541
76$1,116,758$0$0$778,470
77$1,049,027$0$0$727,010
78$968,665$0$0$666,179
79$874,205$0$0$594,891
80$764,023$0$0$511,946
81$636,322$0$0$416,016
82$489,118$0$0$305,635
83$320,218$0$0$179,181
84$127,198$0$0$34,864
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0