Can I retire at age 42 with 760,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$62,760$62,201$61,656$61,123$60,603$58,995
2 years$31,069$30,491$29,930$29,386$28,859$27,249
3 years$20,507$19,926$19,367$18,828$18,309$16,749
4 years$15,227$14,648$14,094$13,565$13,058$11,560
5 years$12,060$11,484$10,937$10,419$9,927$8,494
6 years$9,949$9,378$8,839$8,332$7,855$6,489
7 years$8,442$7,875$7,345$6,850$6,388$5,089
8 years$7,312$6,751$6,229$5,746$5,299$4,067
9 years$6,434$5,878$5,365$4,895$4,463$3,296
10 years$5,732$5,181$4,678$4,219$3,803$2,700
11 years$5,157$4,612$4,118$3,672$3,270$2,230
12 years$4,679$4,140$3,655$3,221$2,834$1,854
13 years$4,275$3,741$3,265$2,844$2,471$1,550
14 years$3,929$3,400$2,934$2,524$2,166$1,301
15 years$3,629$3,106$2,649$2,251$1,907$1,096
16 years$3,367$2,850$2,402$2,016$1,686$926
17 years$3,136$2,625$2,185$1,811$1,495$784
18 years$2,931$2,425$1,995$1,632$1,329$666
19 years$2,748$2,248$1,826$1,475$1,185$566
20 years$2,583$2,089$1,676$1,336$1,058$482
21 years$2,434$1,946$1,542$1,212$947$411
22 years$2,299$1,816$1,421$1,102$849$350
23 years$2,176$1,699$1,312$1,004$762$299
24 years$2,063$1,592$1,213$916$685$256
25 years$1,959$1,494$1,124$836$616$219
26 years$1,864$1,404$1,042$764$555$187
27 years$1,776$1,321$968$700$500$160
28 years$1,694$1,245$900$641$452$137
29 years$1,618$1,174$837$588$408$118
30 years$1,547$1,109$780$540$368$101
31 years$1,481$1,048$727$496$333$86
32 years$1,419$992$678$455$301$74
33 years$1,361$939$633$419$273$63
34 years$1,307$890$592$385$247$54
35 years$1,255$845$553$355$224$47
36 years$1,207$802$518$327$203$40
37 years$1,161$761$484$301$184$34
38 years$1,118$724$454$277$166$29
39 years$1,078$688$425$256$151$25
40 years$1,039$655$398$236$137$22
41 years$1,002$623$374$218$124$19
42 years$968$593$350$201$113$16
43 years$934$565$329$185$102$14
44 years$903$539$309$171$93$12
45 years$873$514$290$158$84$10
46 years$844$490$272$146$77$9
47 years$817$468$256$135$70$7
48 years$791$447$240$125$63$6
49 years$766$427$226$115$57$5
50 years$742$407$212$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $760,000, adding $2,846 every year, while hoping to spend $45,868 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: 53/19/28 Blend
41$760,000$760,000$760,000$760,000
42$840,456$800,176$788,396$878,292
43$877,379$790,581$766,004$895,229
44$916,531$778,979$741,324$908,754
45$958,091$765,223$714,232$922,561
46$1,002,254$749,157$684,597$936,697
47$1,049,235$730,616$652,282$951,212
48$1,099,268$709,427$617,144$966,169
49$1,152,609$685,404$579,034$981,638
50$1,209,538$658,353$537,795$997,698
51$1,270,365$628,066$493,265$1,014,440
52$1,335,425$594,325$445,273$1,031,970
53$1,405,090$556,898$393,641$1,050,405
54$1,479,764$515,540$338,182$1,069,880
55$1,559,892$469,994$278,704$1,090,548
56$1,645,964$419,986$215,003$1,112,580
57$1,738,513$365,227$146,867$1,136,171
58$1,838,130$305,411$74,075$1,161,539
59$1,945,459$240,217$0$1,188,932
60$2,061,212$169,303$0$1,219,703
61$2,186,166$92,309$0$1,276,774
62$2,321,179$8,857$0$1,338,415
63$2,467,192$0$0$1,405,094
64$2,625,240$0$0$1,494,363
65$2,796,460$0$0$1,593,140
66$2,982,103$0$0$1,700,301
67$3,183,545$0$0$1,816,651
68$3,402,297$0$0$1,943,069
69$3,640,025$0$0$2,080,528
70$3,898,557$0$0$2,230,094
71$4,179,908$0$0$2,392,942
72$4,486,293$0$0$2,570,366
73$4,820,151$0$0$2,763,787
74$5,184,164$0$0$2,974,771
75$5,581,286$0$0$3,205,042
76$6,014,766$0$0$3,456,495
77$6,488,184$0$0$3,731,220
78$7,005,478$0$0$4,031,516
79$7,570,983$0$0$4,359,912
80$8,189,476$0$0$4,719,195
81$8,866,211$0$0$5,112,435
82$9,606,978$0$0$5,543,009
83$10,418,150$0$0$6,014,639
84$11,306,746$0$0$6,531,421
85$12,280,496$0$0$7,097,869
86$13,347,913$0$0$7,718,953
87$14,518,374$0$0$8,400,146
88$15,802,203$0$0$9,147,476
89$17,210,777$0$0$9,967,586
90$18,756,623$0$0$10,867,790
91$20,453,541$0$0$11,856,145
92$22,316,732$0$0$12,941,527
93$24,362,942$0$0$14,133,714
94$26,610,618$0$0$15,443,476
95$29,080,080$0$0$16,882,681
96$31,793,716$0$0$18,464,399
97$34,776,187$0$0$20,203,033
98$38,054,665$0$0$22,114,448
99$41,659,085$0$0$24,216,124
100$45,622,424$0$0$26,527,321