Can I retire at age 42 with 770,000?

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 $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%11.1%
1 years$63,586$63,019$62,467$61,928$61,401$61,116
2 years$31,478$30,892$30,324$29,773$29,239$28,951
3 years$20,777$20,188$19,621$19,076$18,550$18,269
4 years$15,427$14,840$14,279$13,743$13,230$12,958
5 years$12,219$11,635$11,081$10,556$10,057$9,794
6 years$10,080$9,501$8,955$8,442$7,958$7,704
7 years$8,553$7,979$7,442$6,940$6,472$6,228
8 years$7,408$6,839$6,311$5,822$5,369$5,135
9 years$6,519$5,955$5,436$4,959$4,522$4,297
10 years$5,807$5,249$4,739$4,275$3,853$3,637
11 years$5,225$4,673$4,172$3,720$3,313$3,107
12 years$4,741$4,194$3,703$3,263$2,871$2,675
13 years$4,331$3,790$3,308$2,881$2,504$2,316
14 years$3,981$3,445$2,972$2,557$2,195$2,016
15 years$3,677$3,147$2,684$2,281$1,933$1,762
16 years$3,411$2,888$2,433$2,042$1,708$1,546
17 years$3,177$2,659$2,214$1,835$1,514$1,361
18 years$2,970$2,457$2,021$1,654$1,347$1,201
19 years$2,784$2,277$1,850$1,494$1,200$1,062
20 years$2,617$2,116$1,698$1,353$1,072$941
21 years$2,466$1,971$1,562$1,228$959$835
22 years$2,329$1,840$1,440$1,117$860$743
23 years$2,204$1,721$1,329$1,017$772$661
24 years$2,090$1,612$1,229$928$694$590
25 years$1,985$1,513$1,139$847$624$526
26 years$1,888$1,422$1,056$775$562$470
27 years$1,799$1,338$981$709$507$420
28 years$1,716$1,261$912$650$457$376
29 years$1,639$1,190$848$596$413$336
30 years$1,567$1,124$790$547$373$301
31 years$1,500$1,062$737$502$337$270
32 years$1,438$1,005$687$461$305$242
33 years$1,379$952$642$424$276$217
34 years$1,324$902$600$390$250$195
35 years$1,272$856$561$359$227$175
36 years$1,223$812$524$331$205$157
37 years$1,177$771$491$305$186$141
38 years$1,133$733$460$281$169$127
39 years$1,092$697$431$259$153$114
40 years$1,053$663$404$239$139$102
41 years$1,016$631$378$221$126$92
42 years$980$601$355$204$114$83
43 years$947$573$333$188$104$74
44 years$915$546$313$173$94$67
45 years$884$521$294$160$85$60
46 years$855$497$276$148$78$54
47 years$828$474$259$137$70$49
48 years$801$453$243$126$64$44
49 years$776$432$229$117$58$39
50 years$752$413$215$108$53$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $770,000, adding $2,542 every year, while hoping to spend $20,418 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: 60/30/10 Blend
41$770,000$770,000$770,000$770,000
42$851,162$810,352$798,417$900,115
43$916,256$828,335$803,439$951,263
44$987,305$846,514$807,946$1,004,481
45$1,064,896$864,879$811,897$1,062,028
46$1,149,672$883,415$815,253$1,124,320
47$1,242,345$902,108$817,970$1,191,818
48$1,343,695$920,943$820,003$1,265,030
49$1,454,584$939,901$821,305$1,344,514
50$1,575,960$958,964$821,827$1,430,885
51$1,708,865$978,111$821,516$1,524,823
52$1,854,450$997,319$820,317$1,627,075
53$2,013,980$1,016,564$818,174$1,738,462
54$2,188,849$1,035,818$815,026$1,859,893
55$2,380,592$1,055,054$810,809$1,992,368
56$2,590,899$1,074,239$805,459$2,136,986
57$2,821,634$1,093,340$798,905$2,294,963
58$3,074,848$1,112,320$791,075$2,467,636
59$3,352,799$1,131,141$781,893$2,656,478
60$3,657,978$1,149,760$771,280$2,863,113
61$3,993,126$1,168,132$759,151$3,089,333
62$4,361,262$1,186,208$745,421$3,337,109
63$4,765,715$1,203,937$729,997$3,608,616
64$5,210,150$1,221,261$712,783$3,906,250
65$5,698,604$1,238,122$693,681$4,232,652
66$6,235,527$1,254,456$672,584$4,590,733
67$6,825,820$1,270,193$649,384$4,983,700
68$7,474,882$1,285,260$623,967$5,415,088
69$8,188,662$1,299,580$596,212$5,888,796
70$8,973,715$1,313,069$565,995$6,409,116
71$9,837,262$1,325,638$533,184$6,980,784
72$10,787,261$1,337,192$497,644$7,609,015
73$11,832,477$1,347,630$459,230$8,299,560
74$12,982,570$1,356,845$417,795$9,058,757
75$14,248,183$1,364,721$373,182$9,893,589
76$15,641,042$1,371,136$325,228$10,811,757
77$17,174,068$1,375,962$273,763$11,821,745
78$18,861,499$1,379,060$218,610$12,932,904
79$20,719,022$1,380,283$159,583$14,155,543
80$22,763,921$1,379,477$96,488$15,501,022
81$25,015,245$1,376,475$29,124$16,981,861
82$27,493,980$1,371,102$0$18,611,861
83$30,223,252$1,363,172$0$20,410,794
84$33,228,543$1,352,487$0$22,394,473
85$36,537,934$1,338,838$0$24,578,288
86$40,182,365$1,322,003$0$26,982,627
87$44,195,931$1,301,746$0$29,629,960
88$48,616,202$1,277,818$0$32,545,049
89$53,484,579$1,249,955$0$35,755,184
90$58,846,679$1,217,876$0$39,290,440
91$64,752,774$1,181,285$0$43,183,964
92$71,258,258$1,139,870$0$47,472,284
93$78,424,173$1,093,296$0$52,195,655
94$86,317,786$1,041,215$0$57,398,444
95$95,013,219$983,253$0$63,129,544
96$104,592,153$919,018$0$69,442,838
97$115,144,597$848,095$0$76,397,709
98$126,769,739$770,044$0$84,059,601
99$139,576,877$684,401$0$92,500,638
100$153,686,456$590,675$0$101,800,303