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%15.9%
1 years$64,412$63,838$63,278$62,732$62,198$60,695
2 years$31,887$31,293$30,718$30,160$29,618$28,112
3 years$21,047$20,450$19,876$19,323$18,791$17,330
4 years$15,628$15,033$14,465$13,921$13,402$11,997
5 years$12,377$11,786$11,225$10,693$10,188$8,843
6 years$10,211$9,624$9,072$8,551$8,061$6,778
7 years$8,664$8,082$7,539$7,031$6,556$5,334
8 years$7,505$6,928$6,393$5,898$5,439$4,278
9 years$6,603$6,032$5,507$5,024$4,580$3,479
10 years$5,882$5,317$4,801$4,330$3,903$2,861
11 years$5,293$4,734$4,227$3,769$3,356$2,372
12 years$4,803$4,249$3,751$3,306$2,909$1,980
13 years$4,388$3,839$3,351$2,918$2,536$1,661
14 years$4,032$3,490$3,011$2,591$2,223$1,400
15 years$3,725$3,188$2,719$2,310$1,958$1,185
16 years$3,456$2,925$2,465$2,069$1,730$1,005
17 years$3,219$2,694$2,243$1,859$1,534$855
18 years$3,008$2,489$2,047$1,675$1,364$729
19 years$2,820$2,307$1,874$1,514$1,216$622
20 years$2,651$2,144$1,720$1,371$1,086$532
21 years$2,498$1,997$1,582$1,244$972$456
22 years$2,359$1,864$1,458$1,131$871$391
23 years$2,233$1,743$1,346$1,030$782$335
24 years$2,117$1,633$1,245$940$703$288
25 years$2,011$1,533$1,153$858$632$247
26 years$1,913$1,441$1,070$785$570$213
27 years$1,822$1,356$993$718$514$183
28 years$1,738$1,278$923$658$463$157
29 years$1,660$1,205$859$603$418$136
30 years$1,588$1,138$800$554$378$117
31 years$1,520$1,076$746$509$342$101
32 years$1,456$1,018$696$467$309$87
33 years$1,397$964$650$430$280$75
34 years$1,341$914$607$395$253$64
35 years$1,288$867$568$364$229$55
36 years$1,239$823$531$335$208$48
37 years$1,192$781$497$309$188$41
38 years$1,148$743$466$285$171$36
39 years$1,106$706$436$263$155$31
40 years$1,066$672$409$242$141$26
41 years$1,029$639$383$223$127$23
42 years$993$609$360$206$116$20
43 years$959$580$337$190$105$17
44 years$927$553$317$176$95$15
45 years$896$527$297$162$87$13
46 years$867$503$279$150$79$11
47 years$839$480$262$139$71$9
48 years$812$458$247$128$65$8
49 years$786$438$232$118$59$7
50 years$762$418$218$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $780,000, adding $5,606 every year, while hoping to spend $50,561 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: 56/39/5 Blend
41$780,000$780,000$780,000$780,000
42$865,343$824,003$811,913$912,633
43$899,811$810,582$785,315$931,681
44$936,101$794,810$756,132$946,247
45$974,344$776,516$724,223$960,851
46$1,014,685$755,523$689,443$975,501
47$1,057,281$731,642$651,637$990,209
48$1,102,303$704,672$610,647$1,004,991
49$1,149,939$674,402$566,304$1,019,867
50$1,200,392$640,607$518,435$1,034,862
51$1,253,886$603,051$466,857$1,050,009
52$1,310,665$561,483$411,379$1,065,344
53$1,370,995$515,638$351,802$1,080,916
54$1,435,168$465,236$287,919$1,096,777
55$1,503,503$409,980$219,512$1,112,993
56$1,576,350$349,558$146,355$1,129,640
57$1,654,090$283,640$68,211$1,146,807
58$1,737,145$211,875$0$1,164,597
59$1,825,972$133,896$0$1,183,940
60$1,921,077$49,312$0$1,208,100
61$2,023,011$0$0$1,233,606
62$2,132,381$0$0$1,278,804
63$2,249,852$0$0$1,350,128
64$2,376,153$0$0$1,426,865
65$2,512,088$0$0$1,509,509
66$2,658,535$0$0$1,598,600
67$2,816,461$0$0$1,694,736
68$2,986,929$0$0$1,798,569
69$3,171,105$0$0$1,910,819
70$3,370,271$0$0$2,032,275
71$3,585,838$0$0$2,163,806
72$3,819,354$0$0$2,306,368
73$4,072,522$0$0$2,461,008
74$4,347,218$0$0$2,628,883
75$4,645,500$0$0$2,811,262
76$4,969,635$0$0$3,009,542
77$5,322,116$0$0$3,225,259
78$5,705,686$0$0$3,460,106
79$6,123,363$0$0$3,715,941
80$6,578,467$0$0$3,994,813
81$7,074,653$0$0$4,298,976
82$7,615,943$0$0$4,630,908
83$8,206,765$0$0$4,993,341
84$8,851,991$0$0$5,389,280
85$9,556,987$0$0$5,822,033
86$10,327,658$0$0$6,295,243
87$11,170,507$0$0$6,812,920
88$12,092,694$0$0$7,379,480
89$13,102,102$0$0$7,999,786
90$14,207,412$0$0$8,679,193
91$15,418,184$0$0$9,423,597
92$16,744,946$0$0$10,239,493
93$18,199,292$0$0$11,134,034
94$19,793,991$0$0$12,115,095
95$21,543,108$0$0$13,191,355
96$23,462,135$0$0$14,372,370
97$25,568,133$0$0$15,668,666
98$27,879,898$0$0$17,091,840
99$30,418,134$0$0$18,654,664
100$33,205,646$0$0$20,371,208