Can I retire at age 42 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,715$67,112$66,523$65,949$65,388$63,989
2 years$33,522$32,898$32,293$31,706$31,137$29,735
3 years$22,126$21,499$20,896$20,314$19,755$18,392
4 years$16,429$15,804$15,207$14,635$14,089$12,778
5 years$13,012$12,391$11,801$11,241$10,710$9,453
6 years$10,735$10,118$9,537$8,990$8,475$7,273
7 years$9,108$8,497$7,925$7,391$6,892$5,747
8 years$7,889$7,283$6,721$6,200$5,718$4,628
9 years$6,942$6,342$5,789$5,281$4,815$3,780
10 years$6,184$5,590$5,047$4,552$4,103$3,121
11 years$5,565$4,976$4,443$3,962$3,529$2,599
12 years$5,049$4,466$3,943$3,475$3,058$2,179
13 years$4,613$4,036$3,523$3,068$2,666$1,837
14 years$4,239$3,669$3,165$2,723$2,337$1,556
15 years$3,916$3,352$2,858$2,429$2,058$1,323
16 years$3,633$3,075$2,591$2,175$1,819$1,128
17 years$3,384$2,832$2,358$1,954$1,613$965
18 years$3,162$2,617$2,152$1,761$1,434$826
19 years$2,965$2,425$1,970$1,591$1,278$709
20 years$2,787$2,254$1,808$1,441$1,142$610
21 years$2,626$2,099$1,663$1,308$1,022$525
22 years$2,480$1,960$1,533$1,189$916$453
23 years$2,348$1,833$1,416$1,083$822$391
24 years$2,226$1,717$1,309$988$739$337
25 years$2,114$1,611$1,212$902$665$291
26 years$2,011$1,515$1,125$825$599$252
27 years$1,916$1,425$1,044$755$540$218
28 years$1,828$1,343$971$692$487$189
29 years$1,746$1,267$903$634$440$163
30 years$1,669$1,197$841$582$398$141
31 years$1,598$1,131$784$535$359$123
32 years$1,531$1,070$732$491$325$106
33 years$1,468$1,014$683$452$294$92
34 years$1,410$961$639$416$266$80
35 years$1,354$911$597$383$241$69
36 years$1,302$865$558$352$219$60
37 years$1,253$821$523$325$198$52
38 years$1,207$781$489$299$180$45
39 years$1,163$742$459$276$163$39
40 years$1,121$706$430$255$148$34
41 years$1,082$672$403$235$134$29
42 years$1,044$640$378$217$122$26
43 years$1,008$610$355$200$110$22
44 years$974$581$333$185$100$19
45 years$942$555$313$171$91$17
46 years$911$529$294$158$83$15
47 years$882$505$276$146$75$13
48 years$853$482$259$135$68$11
49 years$826$460$244$124$62$9
50 years$801$440$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $820,000, adding $6,300 every year, while hoping to spend $43,782 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: 75/20/5 Blend
41$820,000$820,000$820,000$820,000
42$910,138$866,678$853,968$977,616
43$956,389$862,562$835,993$1,018,719
44$1,005,889$856,776$815,947$1,057,511
45$1,058,925$849,194$793,717$1,098,739
46$1,115,810$839,678$769,180$1,142,627
47$1,176,886$828,086$742,211$1,189,422
48$1,242,531$814,265$712,678$1,239,398
49$1,313,158$798,052$680,441$1,292,854
50$1,389,221$779,278$645,358$1,350,124
51$1,471,220$757,761$607,275$1,411,575
52$1,559,702$733,309$566,036$1,477,609
53$1,655,269$705,719$521,476$1,548,675
54$1,758,583$674,776$473,422$1,625,265
55$1,870,371$640,252$421,695$1,707,924
56$1,991,433$601,908$366,105$1,797,251
57$2,122,647$559,490$306,458$1,893,911
58$2,264,979$512,727$242,546$1,998,635
59$2,419,493$461,337$174,157$2,112,230
60$2,587,357$405,018$101,067$2,235,589
61$2,769,857$343,453$23,043$2,369,696
62$2,968,407$276,307$0$2,515,637
63$3,184,565$203,226$0$2,677,824
64$3,420,041$123,836$0$2,855,888
65$3,676,723$37,741$0$3,050,075
66$3,956,682$0$0$3,262,010
67$4,262,203$0$0$3,505,697
68$4,595,798$0$0$3,780,877
69$4,960,233$0$0$4,081,530
70$5,358,554$0$0$4,410,173
71$5,794,114$0$0$4,769,575
72$6,270,604$0$0$5,162,787
73$6,792,089$0$0$5,593,169
74$7,363,045$0$0$6,064,418
75$7,988,400$0$0$6,580,608
76$8,673,583$0$0$7,146,225
77$9,424,571$0$0$7,766,208
78$10,247,948$0$0$8,445,998
79$11,150,965$0$0$9,191,588
80$12,141,607$0$0$10,009,576
81$13,228,672$0$0$10,907,233
82$14,421,850$0$0$11,892,567
83$15,731,813$0$0$12,974,398
84$17,170,318$0$0$14,162,443
85$18,750,318$0$0$15,467,404
86$20,486,079$0$0$16,901,075
87$22,393,320$0$0$18,476,443
88$24,489,356$0$0$20,207,820
89$26,793,262$0$0$22,110,971
90$29,326,056$0$0$24,203,265
91$32,110,891$0$0$26,503,837
92$35,173,277$0$0$29,033,771
93$38,541,320$0$0$31,816,295
94$42,245,984$0$0$34,876,999
95$46,321,387$0$0$38,244,082
96$50,805,121$0$0$41,948,611
97$55,738,602$0$0$46,024,816
98$61,167,467$0$0$50,510,413
99$67,141,996$0$0$55,446,960
100$73,717,594$0$0$60,880,246