Can I retire at age 42 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$64,412$63,838$63,278$62,732$62,198$61,218
2 years$31,887$31,293$30,718$30,160$29,618$28,633
3 years$21,047$20,450$19,876$19,323$18,791$17,832
4 years$15,628$15,033$14,465$13,921$13,402$12,476
5 years$12,377$11,786$11,225$10,693$10,188$9,298
6 years$10,211$9,624$9,072$8,551$8,061$7,208
7 years$8,664$8,082$7,539$7,031$6,556$5,740
8 years$7,505$6,928$6,393$5,898$5,439$4,660
9 years$6,603$6,032$5,507$5,024$4,580$3,838
10 years$5,882$5,317$4,801$4,330$3,903$3,197
11 years$5,293$4,734$4,227$3,769$3,356$2,686
12 years$4,803$4,249$3,751$3,306$2,909$2,273
13 years$4,388$3,839$3,351$2,918$2,536$1,934
14 years$4,032$3,490$3,011$2,591$2,223$1,653
15 years$3,725$3,188$2,719$2,310$1,958$1,419
16 years$3,456$2,925$2,465$2,069$1,730$1,222
17 years$3,219$2,694$2,243$1,859$1,534$1,056
18 years$3,008$2,489$2,047$1,675$1,364$914
19 years$2,820$2,307$1,874$1,514$1,216$792
20 years$2,651$2,144$1,720$1,371$1,086$689
21 years$2,498$1,997$1,582$1,244$972$599
22 years$2,359$1,864$1,458$1,131$871$522
23 years$2,233$1,743$1,346$1,030$782$455
24 years$2,117$1,633$1,245$940$703$397
25 years$2,011$1,533$1,153$858$632$347
26 years$1,913$1,441$1,070$785$570$304
27 years$1,822$1,356$993$718$514$266
28 years$1,738$1,278$923$658$463$233
29 years$1,660$1,205$859$603$418$204
30 years$1,588$1,138$800$554$378$178
31 years$1,520$1,076$746$509$342$156
32 years$1,456$1,018$696$467$309$137
33 years$1,397$964$650$430$280$120
34 years$1,341$914$607$395$253$106
35 years$1,288$867$568$364$229$93
36 years$1,239$823$531$335$208$81
37 years$1,192$781$497$309$188$71
38 years$1,148$743$466$285$171$63
39 years$1,106$706$436$263$155$55
40 years$1,066$672$409$242$141$48
41 years$1,029$639$383$223$127$42
42 years$993$609$360$206$116$37
43 years$959$580$337$190$105$33
44 years$927$553$317$176$95$29
45 years$896$527$297$162$87$25
46 years$867$503$279$150$79$22
47 years$839$480$262$139$71$19
48 years$812$458$247$128$65$17
49 years$786$438$232$118$59$15
50 years$762$418$218$109$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $780,000, adding $3,064 every year, while hoping to spend $37,839 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: 74/11/15 Blend
41$780,000$780,000$780,000$780,000
42$862,721$821,381$809,291$923,499
43$910,458$821,368$796,141$964,118
44$961,796$820,086$781,283$1,003,640
45$1,017,062$817,434$764,620$1,045,932
46$1,076,616$813,302$746,048$1,091,257
47$1,140,853$807,576$725,463$1,139,909
48$1,210,207$800,133$702,752$1,192,209
49$1,285,153$790,845$677,800$1,248,514
50$1,366,216$779,574$650,484$1,309,215
51$1,453,973$766,175$620,677$1,374,747
52$1,549,055$750,495$588,247$1,445,587
53$1,652,158$732,369$553,053$1,522,263
54$1,764,049$711,626$514,952$1,605,356
55$1,885,570$688,083$473,789$1,695,509
56$2,017,645$661,546$429,408$1,793,429
57$2,161,294$631,811$381,643$1,899,899
58$2,317,637$598,661$330,319$2,015,780
59$2,487,908$561,868$275,257$2,142,025
60$2,673,463$521,188$216,267$2,279,681
61$2,875,797$476,366$153,152$2,429,909
62$3,096,552$427,132$85,706$2,593,983
63$3,337,538$373,200$13,715$2,773,315
64$3,600,746$314,266$0$2,969,459
65$3,888,370$250,012$0$3,194,230
66$4,202,822$180,101$0$3,442,419
67$4,546,759$104,176$0$3,713,953
68$4,923,109$21,861$0$4,011,176
69$5,335,093$0$0$4,336,669
70$5,786,259$0$0$4,701,415
71$6,280,513$0$0$5,103,929
72$6,822,160$0$0$5,545,074
73$7,415,937$0$0$6,028,712
74$8,067,063$0$0$6,559,099
75$8,781,288$0$0$7,140,923
76$9,564,942$0$0$7,779,345
77$10,424,999$0$0$8,480,054
78$11,369,142$0$0$9,249,312
79$12,405,833$0$0$10,094,020
80$13,544,393$0$0$11,021,778
81$14,795,090$0$0$12,040,959
82$16,169,238$0$0$13,160,789
83$17,679,297$0$0$14,391,428
84$19,338,998$0$0$15,744,071
85$21,163,465$0$0$17,231,053
86$23,169,363$0$0$18,865,962
87$25,375,050$0$0$20,663,767
88$27,800,752$0$0$22,640,963
89$30,468,756$0$0$24,815,722
90$33,403,614$0$0$27,208,066
91$36,632,381$0$0$29,840,055
92$40,184,861$0$0$32,735,995
93$44,093,898$0$0$35,922,666
94$48,395,677$0$0$39,429,578
95$53,130,070$0$0$43,289,243
96$58,341,009$0$0$47,537,486
97$64,076,902$0$0$52,213,781
98$70,391,087$0$0$57,361,623
99$77,342,336$0$0$63,028,939
100$84,995,411$0$0$69,268,540