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%19.4%
1 years$63,586$63,019$62,467$61,928$61,401$59,081
2 years$31,478$30,892$30,324$29,773$29,239$26,929
3 years$20,777$20,188$19,621$19,076$18,550$16,322
4 years$15,427$14,840$14,279$13,743$13,230$11,102
5 years$12,219$11,635$11,081$10,556$10,057$8,034
6 years$10,080$9,501$8,955$8,442$7,958$6,040
7 years$8,553$7,979$7,442$6,940$6,472$4,660
8 years$7,408$6,839$6,311$5,822$5,369$3,661
9 years$6,519$5,955$5,436$4,959$4,522$2,915
10 years$5,807$5,249$4,739$4,275$3,853$2,344
11 years$5,225$4,673$4,172$3,720$3,313$1,900
12 years$4,741$4,194$3,703$3,263$2,871$1,550
13 years$4,331$3,790$3,308$2,881$2,504$1,270
14 years$3,981$3,445$2,972$2,557$2,195$1,045
15 years$3,677$3,147$2,684$2,281$1,933$862
16 years$3,411$2,888$2,433$2,042$1,708$714
17 years$3,177$2,659$2,214$1,835$1,514$592
18 years$2,970$2,457$2,021$1,654$1,347$491
19 years$2,784$2,277$1,850$1,494$1,200$409
20 years$2,617$2,116$1,698$1,353$1,072$340
21 years$2,466$1,971$1,562$1,228$959$284
22 years$2,329$1,840$1,440$1,117$860$237
23 years$2,204$1,721$1,329$1,017$772$198
24 years$2,090$1,612$1,229$928$694$165
25 years$1,985$1,513$1,139$847$624$138
26 years$1,888$1,422$1,056$775$562$115
27 years$1,799$1,338$981$709$507$96
28 years$1,716$1,261$912$650$457$81
29 years$1,639$1,190$848$596$413$67
30 years$1,567$1,124$790$547$373$56
31 years$1,500$1,062$737$502$337$47
32 years$1,438$1,005$687$461$305$40
33 years$1,379$952$642$424$276$33
34 years$1,324$902$600$390$250$28
35 years$1,272$856$561$359$227$23
36 years$1,223$812$524$331$205$19
37 years$1,177$771$491$305$186$16
38 years$1,133$733$460$281$169$14
39 years$1,092$697$431$259$153$11
40 years$1,053$663$404$239$139$10
41 years$1,016$631$378$221$126$8
42 years$980$601$355$204$114$7
43 years$947$573$333$188$104$6
44 years$915$546$313$173$94$5
45 years$884$521$294$160$85$4
46 years$855$497$276$148$78$3
47 years$828$474$259$137$70$3
48 years$801$453$243$126$64$2
49 years$776$432$229$117$58$2
50 years$752$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $770,000, adding $4,514 every year, while hoping to spend $50,137 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: 38/45/17 Blend
41$770,000$770,000$770,000$770,000
42$853,196$812,386$800,451$881,097
43$886,877$798,848$773,921$888,006
44$922,313$782,966$744,822$890,347
45$959,629$764,572$713,014$891,818
46$998,965$743,489$678,353$892,367
47$1,040,468$719,529$640,687$891,941
48$1,084,302$692,492$599,856$890,488
49$1,130,645$662,168$555,695$887,952
50$1,179,691$628,335$508,031$884,279
51$1,231,652$590,755$456,683$879,416
52$1,286,759$549,181$401,460$873,309
53$1,345,266$503,348$342,167$865,904
54$1,407,449$452,978$278,595$857,150
55$1,473,611$397,777$210,531$846,996
56$1,544,083$337,432$137,748$835,396
57$1,619,229$271,616$60,012$822,305
58$1,699,446$199,981$0$807,683
59$1,785,170$122,159$0$795,656
60$1,876,877$37,765$0$793,919
61$1,975,091$0$0$791,602
62$2,080,386$0$0$815,288
63$2,193,392$0$0$860,850
64$2,314,801$0$0$909,875
65$2,445,370$0$0$962,679
66$2,585,932$0$0$1,019,608
67$2,737,403$0$0$1,081,045
68$2,900,786$0$0$1,147,407
69$3,077,186$0$0$1,219,156
70$3,267,815$0$0$1,296,796
71$3,474,006$0$0$1,380,884
72$3,697,223$0$0$1,472,031
73$3,939,079$0$0$1,570,909
74$4,201,343$0$0$1,678,259
75$4,485,963$0$0$1,794,891
76$4,795,081$0$0$1,921,703
77$5,131,052$0$0$2,059,676
78$5,496,469$0$0$2,209,895
79$5,894,184$0$0$2,373,550
80$6,327,333$0$0$2,551,952
81$6,799,369$0$0$2,746,545
82$7,314,093$0$0$2,958,917
83$7,875,686$0$0$3,190,815
84$8,488,751$0$0$3,444,166
85$9,158,356$0$0$3,721,086
86$9,890,078$0$0$4,023,909
87$10,690,060$0$0$4,355,203
88$11,565,063$0$0$4,717,796
89$12,522,532$0$0$5,114,802
90$13,570,664$0$0$5,549,650
91$14,718,486$0$0$6,026,117
92$15,975,941$0$0$6,548,360
93$17,353,975$0$0$7,120,962
94$18,864,646$0$0$7,748,965
95$20,521,233$0$0$8,437,928
96$22,338,362$0$0$9,193,969
97$24,332,144$0$0$10,023,831
98$26,520,322$0$0$10,934,940
99$28,922,443$0$0$11,935,474
100$31,560,037$0$0$13,034,447