Can I retire at age 42 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$66,063$65,475$64,901$64,340$63,793$61,262
2 years$32,705$32,095$31,505$30,933$30,378$27,859
3 years$21,586$20,975$20,386$19,819$19,273$16,846
4 years$16,029$15,419$14,836$14,278$13,746$11,429
5 years$12,695$12,088$11,513$10,967$10,449$8,249
6 years$10,473$9,871$9,304$8,771$8,268$6,185
7 years$8,886$8,290$7,732$7,211$6,724$4,758
8 years$7,697$7,106$6,557$6,049$5,578$3,727
9 years$6,773$6,187$5,648$5,152$4,698$2,958
10 years$6,033$5,453$4,924$4,441$4,003$2,372
11 years$5,429$4,855$4,335$3,865$3,442$1,916
12 years$4,926$4,357$3,847$3,390$2,983$1,558
13 years$4,500$3,938$3,437$2,993$2,601$1,272
14 years$4,136$3,579$3,088$2,657$2,280$1,043
15 years$3,820$3,270$2,788$2,370$2,008$858
16 years$3,544$3,000$2,528$2,122$1,775$707
17 years$3,301$2,763$2,300$1,906$1,573$584
18 years$3,085$2,553$2,100$1,718$1,399$483
19 years$2,892$2,366$1,922$1,552$1,247$400
20 years$2,719$2,199$1,764$1,406$1,114$332
21 years$2,562$2,048$1,623$1,276$997$276
22 years$2,420$1,912$1,496$1,160$893$229
23 years$2,290$1,788$1,381$1,057$802$191
24 years$2,172$1,675$1,277$964$721$158
25 years$2,063$1,572$1,183$880$649$132
26 years$1,962$1,478$1,097$805$584$110
27 years$1,869$1,391$1,019$737$527$91
28 years$1,783$1,310$947$675$475$76
29 years$1,703$1,236$881$619$429$63
30 years$1,628$1,167$821$568$388$53
31 years$1,559$1,104$765$522$351$44
32 years$1,494$1,044$714$479$317$37
33 years$1,433$989$667$441$287$31
34 years$1,375$937$623$406$260$26
35 years$1,321$889$582$373$235$21
36 years$1,271$844$545$344$213$18
37 years$1,223$801$510$317$193$15
38 years$1,177$762$478$292$175$12
39 years$1,134$724$447$269$159$10
40 years$1,094$689$419$248$144$9
41 years$1,055$656$393$229$131$7
42 years$1,019$625$369$211$119$6
43 years$984$595$346$195$108$5
44 years$951$567$325$180$98$4
45 years$919$541$305$166$89$3
46 years$889$516$287$154$81$3
47 years$860$492$269$142$73$2
48 years$833$470$253$131$66$2
49 years$806$449$238$121$60$2
50 years$781$429$224$112$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $800,000, adding $6,084 every year, while hoping to spend $26,016 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: 64/26/10 Blend
41$800,000$800,000$800,000$800,000
42$887,876$845,476$833,076$942,384
43$950,758$859,223$833,303$993,269
44$1,019,183$872,772$832,666$1,045,228
45$1,093,687$886,086$831,108$1,101,318
46$1,174,863$899,124$828,570$1,161,939
47$1,263,362$911,844$824,990$1,227,533
48$1,359,901$924,201$820,303$1,298,586
49$1,465,269$936,144$814,441$1,375,635
50$1,580,334$947,623$807,333$1,459,269
51$1,706,052$958,581$798,902$1,550,141
52$1,843,476$968,958$789,072$1,648,969
53$1,993,765$978,691$777,760$1,756,544
54$2,158,194$987,712$764,880$1,873,738
55$2,338,168$995,948$750,342$2,001,514
56$2,535,235$1,003,323$734,052$2,140,932
57$2,751,097$1,009,754$715,911$2,293,161
58$2,987,632$1,015,154$695,817$2,459,489
59$3,246,904$1,019,431$673,661$2,641,339
60$3,531,190$1,022,485$649,330$2,840,275
61$3,842,996$1,024,211$622,707$3,058,025
62$4,185,082$1,024,498$593,669$3,296,493
63$4,560,490$1,023,228$562,085$3,557,777
64$4,972,567$1,020,273$527,823$3,844,192
65$5,425,004$1,015,502$490,740$4,158,289
66$5,921,865$1,008,772$450,690$4,502,880
67$6,467,625$999,932$407,518$4,881,067
68$7,067,218$988,824$361,065$5,296,266
69$7,726,076$975,278$311,163$5,752,248
70$8,450,185$959,115$257,636$6,253,166
71$9,246,138$940,146$200,301$6,803,601
72$10,121,201$918,170$138,968$7,408,601
73$11,083,376$892,973$73,436$8,073,734
74$12,141,483$864,331$3,498$8,805,135
75$13,305,236$832,005$0$9,609,570
76$14,585,339$795,743$0$10,502,086
77$15,993,587$755,277$0$11,484,205
78$17,542,973$710,326$0$12,564,641
79$19,247,814$660,590$0$13,753,409
80$21,123,886$605,754$0$15,061,551
81$23,188,571$545,484$0$16,501,234
82$25,461,020$479,428$0$18,085,868
83$27,962,336$407,212$0$19,830,235
84$30,715,771$328,442$0$21,750,629
85$33,746,947$242,703$0$23,865,004
86$37,084,096$149,555$0$26,193,152
87$40,758,324$48,535$0$28,756,887
88$44,803,911$0$0$31,580,250
89$49,258,628$0$0$34,707,149
90$54,164,094$0$0$38,165,806
91$59,566,172$0$0$41,974,679
92$65,515,398$0$0$46,169,411
93$72,067,459$0$0$50,789,274
94$79,283,720$0$0$55,877,547
95$87,231,799$0$0$61,481,918
96$95,986,208$0$0$67,654,938
97$105,629,054$0$0$74,454,515
98$116,250,817$0$0$81,944,461
99$127,951,199$0$0$90,195,091
100$140,840,068$0$0$99,283,894