Can I retire at age 42 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$63,586$63,019$62,467$61,928$61,401$59,990
2 years$31,478$30,892$30,324$29,773$29,239$27,825
3 years$20,777$20,188$19,621$19,076$18,550$17,178
4 years$15,427$14,840$14,279$13,743$13,230$11,909
5 years$12,219$11,635$11,081$10,556$10,057$8,792
6 years$10,080$9,501$8,955$8,442$7,958$6,750
7 years$8,553$7,979$7,442$6,940$6,472$5,321
8 years$7,408$6,839$6,311$5,822$5,369$4,275
9 years$6,519$5,955$5,436$4,959$4,522$3,483
10 years$5,807$5,249$4,739$4,275$3,853$2,869
11 years$5,225$4,673$4,172$3,720$3,313$2,383
12 years$4,741$4,194$3,703$3,263$2,871$1,993
13 years$4,331$3,790$3,308$2,881$2,504$1,676
14 years$3,981$3,445$2,972$2,557$2,195$1,416
15 years$3,677$3,147$2,684$2,281$1,933$1,200
16 years$3,411$2,888$2,433$2,042$1,708$1,021
17 years$3,177$2,659$2,214$1,835$1,514$870
18 years$2,970$2,457$2,021$1,654$1,347$743
19 years$2,784$2,277$1,850$1,494$1,200$636
20 years$2,617$2,116$1,698$1,353$1,072$545
21 years$2,466$1,971$1,562$1,228$959$468
22 years$2,329$1,840$1,440$1,117$860$402
23 years$2,204$1,721$1,329$1,017$772$346
24 years$2,090$1,612$1,229$928$694$298
25 years$1,985$1,513$1,139$847$624$256
26 years$1,888$1,422$1,056$775$562$221
27 years$1,799$1,338$981$709$507$191
28 years$1,716$1,261$912$650$457$164
29 years$1,639$1,190$848$596$413$142
30 years$1,567$1,124$790$547$373$122
31 years$1,500$1,062$737$502$337$106
32 years$1,438$1,005$687$461$305$91
33 years$1,379$952$642$424$276$79
34 years$1,324$902$600$390$250$68
35 years$1,272$856$561$359$227$59
36 years$1,223$812$524$331$205$51
37 years$1,177$771$491$305$186$44
38 years$1,133$733$460$281$169$38
39 years$1,092$697$431$259$153$33
40 years$1,053$663$404$239$139$28
41 years$1,016$631$378$221$126$25
42 years$980$601$355$204$114$21
43 years$947$573$333$188$104$18
44 years$915$546$313$173$94$16
45 years$884$521$294$160$85$14
46 years$855$497$276$148$78$12
47 years$828$474$259$137$70$10
48 years$801$453$243$126$64$9
49 years$776$432$229$117$58$8
50 years$752$413$215$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $770,000, adding $5,711 every year, while hoping to spend $21,240 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: 50/35/15 Blend
41$770,000$770,000$770,000$770,000
42$854,431$813,621$801,686$893,363
43$918,984$830,889$805,943$938,016
44$989,409$848,292$809,631$983,833
45$1,066,283$865,813$812,708$1,033,155
46$1,150,241$883,435$815,131$1,086,317
47$1,241,982$901,139$816,854$1,143,690
48$1,342,274$918,905$817,829$1,205,684
49$1,451,965$936,710$818,005$1,272,749
50$1,571,986$954,530$817,329$1,345,381
51$1,703,366$972,338$815,747$1,424,129
52$1,847,234$990,107$813,199$1,509,596
53$2,004,835$1,007,806$809,624$1,602,447
54$2,177,540$1,025,401$804,959$1,703,416
55$2,366,861$1,042,857$799,137$1,813,311
56$2,574,459$1,060,136$792,086$1,933,024
57$2,802,167$1,077,195$783,734$2,063,538
58$3,052,002$1,093,992$774,003$2,205,936
59$3,326,187$1,110,478$762,813$2,361,413
60$3,627,170$1,126,603$750,079$2,531,286
61$3,957,646$1,142,312$735,712$2,717,007
62$4,320,587$1,157,547$719,619$2,920,177
63$4,719,265$1,172,244$701,704$3,142,561
64$5,157,285$1,186,338$681,866$3,386,106
65$5,638,616$1,199,758$659,997$3,652,957
66$6,167,636$1,212,426$635,987$3,945,478
67$6,749,162$1,224,263$609,721$4,266,280
68$7,388,506$1,235,181$581,075$4,618,235
69$8,091,517$1,245,088$549,925$5,004,516
70$8,864,641$1,253,886$516,136$5,428,616
71$9,714,978$1,261,471$479,571$5,894,389
72$10,650,354$1,267,731$440,085$6,406,082
73$11,679,388$1,272,548$397,525$6,968,378
74$12,811,579$1,275,796$351,735$7,586,441
75$14,057,391$1,277,341$302,550$8,265,962
76$15,428,355$1,277,041$249,796$9,013,216
77$16,937,177$1,274,746$193,293$9,835,120
78$18,597,855$1,270,294$132,855$10,739,299
79$20,425,815$1,263,517$68,284$11,734,161
80$22,438,052$1,254,234$0$12,828,971
81$24,653,295$1,242,253$0$14,034,048
82$27,092,179$1,227,371$0$15,372,220
83$29,777,443$1,209,374$0$16,844,997
84$32,734,143$1,188,034$0$18,466,103
85$35,989,888$1,163,110$0$20,250,659
86$39,575,099$1,134,345$0$22,215,335
87$43,523,301$1,101,470$0$24,378,503
88$47,871,432$1,064,197$0$26,760,411
89$52,660,200$1,022,223$0$29,383,376
90$57,934,456$975,228$0$32,271,994
91$63,743,629$922,873$0$35,453,375
92$70,142,182$864,797$0$38,957,398
93$77,190,135$800,622$0$42,816,991
94$84,953,622$729,946$0$47,068,449
95$93,505,522$652,344$0$51,751,772
96$102,926,146$567,369$0$56,911,045
97$113,303,989$474,547$0$62,594,855
98$124,736,573$373,377$0$68,856,753
99$137,331,361$263,330$0$75,755,757
100$151,206,775$143,848$0$83,356,911