Can I retire at age 42 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$69,366$68,749$68,146$67,557$66,983$64,891
2 years$34,340$33,700$33,080$32,479$31,897$29,807
3 years$22,666$22,023$21,405$20,810$20,236$18,216
4 years$16,830$16,190$15,578$14,992$14,433$12,496
5 years$13,329$12,693$12,089$11,516$10,972$9,124
6 years$10,996$10,365$9,770$9,209$8,681$6,925
7 years$9,331$8,704$8,119$7,571$7,060$5,394
8 years$8,082$7,461$6,885$6,351$5,857$4,281
9 years$7,111$6,496$5,930$5,410$4,933$3,444
10 years$6,335$5,726$5,170$4,663$4,203$2,800
11 years$5,700$5,098$4,552$4,059$3,615$2,295
12 years$5,172$4,575$4,039$3,560$3,132$1,893
13 years$4,725$4,135$3,609$3,143$2,731$1,569
14 years$4,342$3,758$3,243$2,790$2,394$1,306
15 years$4,011$3,433$2,928$2,488$2,108$1,091
16 years$3,722$3,150$2,654$2,228$1,863$914
17 years$3,466$2,901$2,415$2,002$1,652$767
18 years$3,240$2,681$2,205$1,804$1,469$646
19 years$3,037$2,484$2,019$1,630$1,309$544
20 years$2,855$2,309$1,853$1,476$1,169$459
21 years$2,690$2,150$1,704$1,340$1,047$387
22 years$2,541$2,007$1,570$1,218$938$328
23 years$2,405$1,877$1,450$1,109$842$277
24 years$2,280$1,759$1,341$1,012$757$235
25 years$2,166$1,651$1,242$924$681$199
26 years$2,060$1,551$1,152$845$613$168
27 years$1,963$1,460$1,070$773$553$143
28 years$1,872$1,376$994$709$499$121
29 years$1,788$1,298$925$650$451$103
30 years$1,710$1,226$862$596$407$87
31 years$1,637$1,159$804$548$368$74
32 years$1,568$1,096$750$503$333$63
33 years$1,504$1,038$700$463$301$53
34 years$1,444$984$654$426$273$45
35 years$1,387$933$612$392$247$38
36 years$1,334$886$572$361$224$33
37 years$1,284$841$535$333$203$28
38 years$1,236$800$501$307$184$24
39 years$1,191$760$470$283$167$20
40 years$1,148$723$440$261$151$17
41 years$1,108$689$413$241$137$14
42 years$1,069$656$387$222$125$12
43 years$1,033$625$363$205$113$10
44 years$998$596$341$189$103$9
45 years$965$568$320$175$93$8
46 years$933$542$301$161$85$6
47 years$903$517$283$149$77$5
48 years$874$494$266$138$70$5
49 years$847$471$250$127$63$4
50 years$820$450$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $840,000, adding $4,983 every year, while hoping to spend $51,865 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: 49/23/28 Blend
41$840,000$840,000$840,000$840,000
42$930,820$886,300$873,280$968,808
43$970,580$874,545$847,351$984,199
44$1,012,657$860,475$818,815$995,390
45$1,057,232$843,923$787,530$1,006,540
46$1,104,505$824,711$753,347$1,017,670
47$1,154,692$802,649$716,112$1,028,806
48$1,208,030$777,538$675,661$1,039,983
49$1,264,779$749,167$631,825$1,051,239
50$1,325,222$717,312$584,427$1,062,623
51$1,389,670$681,736$533,282$1,074,193
52$1,458,465$642,190$478,195$1,086,016
53$1,531,979$598,407$418,964$1,098,170
54$1,610,620$550,109$355,380$1,110,750
55$1,694,839$496,999$287,220$1,123,861
56$1,785,125$438,765$214,254$1,137,627
57$1,882,019$375,075$136,243$1,152,190
58$1,986,113$305,582$52,935$1,167,714
59$2,098,056$229,915$0$1,184,384
60$2,218,562$147,686$0$1,213,159
61$2,348,415$58,482$0$1,261,111
62$2,488,475$0$0$1,312,766
63$2,639,688$0$0$1,378,175
64$2,803,092$0$0$1,464,923
65$2,979,829$0$0$1,558,824
66$3,171,155$0$0$1,660,554
67$3,378,448$0$0$1,770,856
68$3,603,225$0$0$1,890,548
69$3,847,156$0$0$2,020,530
70$4,112,074$0$0$2,161,789
71$4,399,998$0$0$2,315,415
72$4,713,147$0$0$2,482,604
73$5,053,965$0$0$2,664,673
74$5,425,139$0$0$2,863,071
75$5,829,626$0$0$3,079,395
76$6,270,681$0$0$3,315,398
77$6,751,886$0$0$3,573,014
78$7,277,184$0$0$3,854,370
79$7,850,916$0$0$4,161,806
80$8,477,860$0$0$4,497,900
81$9,163,276$0$0$4,865,492
82$9,912,955$0$0$5,267,705
83$10,733,274$0$0$5,707,981
84$11,631,257$0$0$6,190,108
85$12,614,633$0$0$6,718,260
86$13,691,919$0$0$7,297,032
87$14,872,493$0$0$7,931,483
88$16,166,680$0$0$8,627,188
89$17,585,856$0$0$9,390,287
90$19,142,549$0$0$10,227,539
91$20,850,557$0$0$11,146,394
92$22,725,079$0$0$12,155,055
93$24,782,856$0$0$13,262,559
94$27,042,332$0$0$14,478,860
95$29,523,820$0$0$15,814,925
96$32,249,699$0$0$17,282,834
97$35,244,624$0$0$18,895,895
98$38,535,753$0$0$20,668,771
99$42,153,006$0$0$22,617,613
100$46,129,347$0$0$24,760,216