Can I retire at age 42 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,541$67,930$67,334$66,753$66,185$65,713
2 years$33,931$33,299$32,687$32,093$31,517$31,041
3 years$22,396$21,761$21,150$20,562$19,996$19,530
4 years$16,630$15,997$15,392$14,814$14,261$13,810
5 years$13,171$12,542$11,945$11,378$10,841$10,406
6 years$10,865$10,241$9,653$9,099$8,578$8,159
7 years$9,220$8,601$8,022$7,481$6,976$6,574
8 years$7,986$7,372$6,803$6,276$5,788$5,401
9 years$7,026$6,419$5,860$5,346$4,874$4,504
10 years$6,260$5,658$5,109$4,608$4,153$3,799
11 years$5,633$5,037$4,497$4,010$3,572$3,234
12 years$5,110$4,521$3,991$3,518$3,095$2,773
13 years$4,669$4,086$3,566$3,105$2,699$2,392
14 years$4,291$3,714$3,204$2,757$2,366$2,074
15 years$3,963$3,393$2,893$2,458$2,083$1,806
16 years$3,677$3,113$2,623$2,201$1,841$1,578
17 years$3,425$2,867$2,387$1,978$1,632$1,383
18 years$3,201$2,649$2,179$1,782$1,451$1,215
19 years$3,001$2,455$1,995$1,611$1,294$1,070
20 years$2,821$2,281$1,830$1,459$1,156$944
21 years$2,658$2,125$1,684$1,324$1,034$835
22 years$2,511$1,983$1,552$1,204$927$739
23 years$2,376$1,855$1,433$1,096$832$655
24 years$2,253$1,738$1,325$1,000$748$581
25 years$2,140$1,631$1,227$913$673$516
26 years$2,036$1,533$1,138$835$606$459
27 years$1,939$1,443$1,057$764$547$408
28 years$1,850$1,359$983$700$493$363
29 years$1,767$1,283$914$642$445$324
30 years$1,690$1,211$852$589$402$289
31 years$1,617$1,145$794$541$364$257
32 years$1,550$1,083$741$497$329$230
33 years$1,486$1,026$692$457$298$205
34 years$1,427$972$646$421$270$183
35 years$1,371$922$604$387$244$163
36 years$1,318$875$565$357$221$146
37 years$1,268$831$529$329$201$130
38 years$1,221$790$495$303$182$117
39 years$1,177$751$464$279$165$104
40 years$1,135$715$435$258$150$93
41 years$1,095$680$408$238$136$83
42 years$1,057$648$383$219$123$74
43 years$1,021$617$359$203$112$67
44 years$986$589$337$187$101$60
45 years$953$561$317$173$92$53
46 years$922$535$297$160$84$48
47 years$892$511$279$147$76$43
48 years$864$488$262$136$69$38
49 years$836$466$247$126$63$34
50 years$810$445$232$116$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $830,000, adding $2,409 every year, while hoping to spend $49,269 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: 68/20/12 Blend
41$830,000$830,000$830,000$830,000
42$917,145$873,155$860,290$976,946
43$958,272$863,518$836,688$1,007,383
44$1,001,942$851,757$810,644$1,034,548
45$1,048,364$837,717$782,024$1,062,981
46$1,097,764$821,231$750,688$1,092,801
47$1,150,390$802,126$716,491$1,124,138
48$1,206,515$780,215$679,278$1,157,139
49$1,266,436$755,302$638,890$1,191,966
50$1,330,480$727,180$595,161$1,228,800
51$1,399,005$695,627$547,915$1,267,842
52$1,472,403$660,413$496,970$1,309,313
53$1,551,105$621,290$442,135$1,353,462
54$1,635,583$577,998$383,211$1,400,563
55$1,726,355$530,262$319,991$1,450,922
56$1,823,989$477,792$252,257$1,504,876
57$1,929,111$420,279$179,783$1,562,801
58$2,042,407$357,398$102,332$1,625,115
59$2,164,629$288,808$19,657$1,692,278
60$2,296,606$214,143$0$1,764,804
61$2,439,246$133,023$0$1,852,040
62$2,593,550$45,042$0$1,949,093
63$2,760,616$0$0$2,054,177
64$2,941,653$0$0$2,179,156
65$3,137,988$0$0$2,325,488
66$3,351,082$0$0$2,484,354
67$3,582,542$0$0$2,656,956
68$3,834,135$0$0$2,844,618
69$4,107,805$0$0$3,048,797
70$4,405,691$0$0$3,271,093
71$4,730,146$0$0$3,513,271
72$5,083,760$0$0$3,777,269
73$5,469,384$0$0$4,065,223
74$5,890,155$0$0$4,379,482
75$6,349,525$0$0$4,722,633
76$6,851,296$0$0$5,097,524
77$7,399,653$0$0$5,507,289
78$7,999,202$0$0$5,955,379
79$8,655,016$0$0$6,445,594
80$9,372,679$0$0$6,982,118
81$10,158,342$0$0$7,569,559
82$11,018,777$0$0$8,212,989
83$11,961,440$0$0$8,917,996
84$12,994,546$0$0$9,690,733
85$14,127,140$0$0$10,537,978
86$15,369,183$0$0$11,467,193
87$16,731,649$0$0$12,486,599
88$18,226,623$0$0$13,605,253
89$19,867,416$0$0$14,833,127
90$21,668,694$0$0$16,181,209
91$23,646,608$0$0$17,661,601
92$25,818,952$0$0$19,287,634
93$28,205,328$0$0$21,073,997
94$30,827,329$0$0$23,036,868
95$33,708,742$0$0$25,194,071
96$36,875,777$0$0$27,565,244
97$40,357,304$0$0$30,172,020
98$44,185,133$0$0$33,038,233
99$48,394,310$0$0$36,190,143
100$53,023,445$0$0$39,656,681