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%11.8%
1 years$62,760$62,201$61,656$61,123$60,603$60,146
2 years$31,069$30,491$29,930$29,386$28,859$28,398
3 years$20,507$19,926$19,367$18,828$18,309$17,858
4 years$15,227$14,648$14,094$13,565$13,058$12,622
5 years$12,060$11,484$10,937$10,419$9,927$9,505
6 years$9,949$9,378$8,839$8,332$7,855$7,449
7 years$8,442$7,875$7,345$6,850$6,388$5,998
8 years$7,312$6,751$6,229$5,746$5,299$4,926
9 years$6,434$5,878$5,365$4,895$4,463$4,105
10 years$5,732$5,181$4,678$4,219$3,803$3,461
11 years$5,157$4,612$4,118$3,672$3,270$2,944
12 years$4,679$4,140$3,655$3,221$2,834$2,523
13 years$4,275$3,741$3,265$2,844$2,471$2,175
14 years$3,929$3,400$2,934$2,524$2,166$1,884
15 years$3,629$3,106$2,649$2,251$1,907$1,640
16 years$3,367$2,850$2,402$2,016$1,686$1,432
17 years$3,136$2,625$2,185$1,811$1,495$1,254
18 years$2,931$2,425$1,995$1,632$1,329$1,101
19 years$2,748$2,248$1,826$1,475$1,185$969
20 years$2,583$2,089$1,676$1,336$1,058$854
21 years$2,434$1,946$1,542$1,212$947$755
22 years$2,299$1,816$1,421$1,102$849$667
23 years$2,176$1,699$1,312$1,004$762$591
24 years$2,063$1,592$1,213$916$685$524
25 years$1,959$1,494$1,124$836$616$465
26 years$1,864$1,404$1,042$764$555$413
27 years$1,776$1,321$968$700$500$367
28 years$1,694$1,245$900$641$452$327
29 years$1,618$1,174$837$588$408$291
30 years$1,547$1,109$780$540$368$259
31 years$1,481$1,048$727$496$333$231
32 years$1,419$992$678$455$301$206
33 years$1,361$939$633$419$273$183
34 years$1,307$890$592$385$247$164
35 years$1,255$845$553$355$224$146
36 years$1,207$802$518$327$203$130
37 years$1,161$761$484$301$184$116
38 years$1,118$724$454$277$166$104
39 years$1,078$688$425$256$151$93
40 years$1,039$655$398$236$137$83
41 years$1,002$623$374$218$124$74
42 years$968$593$350$201$113$66
43 years$934$565$329$185$102$59
44 years$903$539$309$171$93$53
45 years$873$514$290$158$84$47
46 years$844$490$272$146$77$42
47 years$817$468$256$135$70$38
48 years$791$447$240$125$63$34
49 years$766$427$226$115$57$30
50 years$742$407$212$107$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $760,000, adding $4,044 every year, while hoping to spend $39,126 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: 75/8/17 Blend
41$760,000$760,000$760,000$760,000
42$841,691$801,411$789,631$901,287
43$885,914$799,051$774,454$938,917
44$933,336$795,263$757,457$974,920
45$984,243$789,937$738,538$1,013,340
46$1,038,947$782,955$717,591$1,054,407
47$1,097,791$774,192$694,502$1,098,373
48$1,161,153$763,515$669,155$1,145,520
49$1,229,446$750,783$641,427$1,196,157
50$1,303,126$735,847$611,192$1,250,624
51$1,382,692$718,551$578,314$1,309,297
52$1,468,694$698,727$542,654$1,372,593
53$1,561,733$676,197$504,065$1,440,969
54$1,662,475$650,776$462,396$1,514,932
55$1,771,648$622,264$417,487$1,595,039
56$1,890,053$590,453$369,171$1,681,907
57$2,018,574$555,120$317,273$1,776,215
58$2,158,180$516,032$261,613$1,878,713
59$2,309,937$472,940$201,999$1,990,230
60$2,475,019$425,583$138,235$2,111,679
61$2,654,718$373,684$70,113$2,244,068
62$2,850,455$316,950$0$2,388,508
63$3,063,793$255,072$0$2,546,696
64$3,296,453$187,723$0$2,733,119
65$3,550,329$114,560$0$2,936,583
66$3,827,506$35,217$0$3,158,779
67$4,130,279$0$0$3,401,572
68$4,461,174$0$0$3,671,477
69$4,822,974$0$0$3,970,011
70$5,218,740$0$0$4,296,602
71$5,651,844$0$0$4,654,037
72$6,126,000$0$0$5,045,385
73$6,645,297$0$0$5,474,024
74$7,214,237$0$0$5,943,676
75$7,837,778$0$0$6,458,438
76$8,521,384$0$0$7,022,824
77$9,271,068$0$0$7,641,805
78$10,093,455$0$0$8,320,855
79$10,995,844$0$0$9,066,005
80$11,986,270$0$0$9,883,898
81$13,073,590$0$0$10,781,851
82$14,267,554$0$0$11,767,923
83$15,578,907$0$0$12,850,994
84$17,019,485$0$0$14,040,844
85$18,602,324$0$0$15,348,250
86$20,341,789$0$0$16,785,080
87$22,253,703$0$0$18,364,414
88$24,355,499$0$0$20,100,658
89$26,666,384$0$0$22,009,686
90$29,207,518$0$0$24,108,986
91$32,002,215$0$0$26,417,825
92$35,076,159$0$0$28,957,432
93$38,457,652$0$0$31,751,196
94$42,177,875$0$0$34,824,887
95$46,271,183$0$0$38,206,900
96$50,775,430$0$0$41,928,518
97$55,732,324$0$0$46,024,214
98$61,187,823$0$0$50,531,970
99$67,192,563$0$0$55,493,634
100$73,802,339$0$0$60,955,322