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%14.5%
1 years$62,760$62,201$61,656$61,123$60,603$59,477
2 years$31,069$30,491$29,930$29,386$28,859$27,728
3 years$20,507$19,926$19,367$18,828$18,309$17,210
4 years$15,227$14,648$14,094$13,565$13,058$11,998
5 years$12,060$11,484$10,937$10,419$9,927$8,909
6 years$9,949$9,378$8,839$8,332$7,855$6,881
7 years$8,442$7,875$7,345$6,850$6,388$5,458
8 years$7,312$6,751$6,229$5,746$5,299$4,413
9 years$6,434$5,878$5,365$4,895$4,463$3,620
10 years$5,732$5,181$4,678$4,219$3,803$3,002
11 years$5,157$4,612$4,118$3,672$3,270$2,511
12 years$4,679$4,140$3,655$3,221$2,834$2,115
13 years$4,275$3,741$3,265$2,844$2,471$1,791
14 years$3,929$3,400$2,934$2,524$2,166$1,525
15 years$3,629$3,106$2,649$2,251$1,907$1,302
16 years$3,367$2,850$2,402$2,016$1,686$1,116
17 years$3,136$2,625$2,185$1,811$1,495$959
18 years$2,931$2,425$1,995$1,632$1,329$826
19 years$2,748$2,248$1,826$1,475$1,185$713
20 years$2,583$2,089$1,676$1,336$1,058$616
21 years$2,434$1,946$1,542$1,212$947$533
22 years$2,299$1,816$1,421$1,102$849$462
23 years$2,176$1,699$1,312$1,004$762$401
24 years$2,063$1,592$1,213$916$685$348
25 years$1,959$1,494$1,124$836$616$302
26 years$1,864$1,404$1,042$764$555$263
27 years$1,776$1,321$968$700$500$229
28 years$1,694$1,245$900$641$452$199
29 years$1,618$1,174$837$588$408$173
30 years$1,547$1,109$780$540$368$151
31 years$1,481$1,048$727$496$333$132
32 years$1,419$992$678$455$301$115
33 years$1,361$939$633$419$273$100
34 years$1,307$890$592$385$247$87
35 years$1,255$845$553$355$224$76
36 years$1,207$802$518$327$203$66
37 years$1,161$761$484$301$184$58
38 years$1,118$724$454$277$166$51
39 years$1,078$688$425$256$151$44
40 years$1,039$655$398$236$137$38
41 years$1,002$623$374$218$124$34
42 years$968$593$350$201$113$29
43 years$934$565$329$185$102$26
44 years$903$539$309$171$93$22
45 years$873$514$290$158$84$20
46 years$844$490$272$146$77$17
47 years$817$468$256$135$70$15
48 years$791$447$240$125$63$13
49 years$766$427$226$115$57$11
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 $5,439 every year, while hoping to spend $21,205 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: 53/30/17 Blend
41$760,000$760,000$760,000$760,000
42$843,130$802,850$791,070$883,665
43$906,568$819,628$795,009$928,786
44$975,765$836,517$798,369$975,159
45$1,051,287$853,501$801,109$1,025,150
46$1,133,757$870,560$803,184$1,079,106
47$1,223,858$887,676$804,549$1,137,415
48$1,322,345$904,826$805,155$1,200,501
49$1,430,048$921,986$804,951$1,268,832
50$1,547,880$939,130$803,885$1,342,925
51$1,676,848$956,232$801,899$1,423,349
52$1,818,060$973,261$798,936$1,510,732
53$1,972,737$990,185$794,935$1,605,765
54$2,142,221$1,006,969$789,830$1,709,211
55$2,327,993$1,023,576$783,555$1,821,911
56$2,531,682$1,039,966$776,038$1,944,792
57$2,755,084$1,056,095$767,206$2,078,875
58$3,000,176$1,071,917$756,981$2,225,288
59$3,269,136$1,087,382$745,282$2,385,272
60$3,564,363$1,102,439$732,023$2,560,198
61$3,888,498$1,117,028$717,116$2,751,574
62$4,244,453$1,131,091$700,468$2,961,067
63$4,635,434$1,144,562$681,981$3,190,510
64$5,064,974$1,157,371$661,553$3,441,927
65$5,536,964$1,169,445$639,077$3,717,550
66$6,055,691$1,180,704$614,443$4,019,837
67$6,625,878$1,191,064$587,533$4,351,501
68$7,252,727$1,200,436$558,225$4,715,530
69$7,941,972$1,208,725$526,392$5,115,221
70$8,699,928$1,215,827$491,902$5,554,206
71$9,533,554$1,221,636$454,613$6,036,493
72$10,450,516$1,226,035$414,382$6,566,496
73$11,459,261$1,228,904$371,056$7,149,084
74$12,569,096$1,230,110$324,477$7,789,624
75$13,790,275$1,229,517$274,479$8,494,034
76$15,134,097$1,226,978$220,888$9,268,834
77$16,613,012$1,222,336$163,524$10,121,217
78$18,240,735$1,215,427$102,199$11,059,108
79$20,032,382$1,206,075$36,714$12,091,246
80$22,004,607$1,194,094$0$13,227,263
81$24,175,759$1,179,287$0$14,483,793
82$26,566,060$1,161,445$0$15,874,023
83$29,197,789$1,140,347$0$17,404,230
84$32,095,496$1,115,757$0$19,088,678
85$35,286,236$1,087,428$0$20,943,090
86$38,799,816$1,055,096$0$22,984,792
87$42,669,085$1,018,483$0$25,232,882
88$46,930,237$977,295$0$27,708,406
89$51,623,157$931,218$0$30,434,563
90$56,791,795$879,924$0$33,436,915
91$62,484,581$823,063$0$36,743,641
92$68,754,882$760,267$0$40,385,792
93$75,661,506$691,145$0$44,397,593
94$83,269,254$615,286$0$48,816,762
95$91,649,536$532,253$0$53,684,870
96$100,881,042$441,587$0$59,047,729
97$111,050,483$342,800$0$64,955,832
98$122,253,414$235,379$0$71,464,827
99$134,595,132$118,782$0$78,636,041
100$148,191,668$0$0$86,537,064