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%13.3%
1 years$69,366$68,749$68,146$67,557$66,983$66,064
2 years$34,340$33,700$33,080$32,479$31,897$30,972
3 years$22,666$22,023$21,405$20,810$20,236$19,336
4 years$16,830$16,190$15,578$14,992$14,433$13,562
5 years$13,329$12,693$12,089$11,516$10,972$10,134
6 years$10,996$10,365$9,770$9,209$8,681$7,878
7 years$9,331$8,704$8,119$7,571$7,060$6,291
8 years$8,082$7,461$6,885$6,351$5,857$5,122
9 years$7,111$6,496$5,930$5,410$4,933$4,231
10 years$6,335$5,726$5,170$4,663$4,203$3,535
11 years$5,700$5,098$4,552$4,059$3,615$2,979
12 years$5,172$4,575$4,039$3,560$3,132$2,529
13 years$4,725$4,135$3,609$3,143$2,731$2,159
14 years$4,342$3,758$3,243$2,790$2,394$1,852
15 years$4,011$3,433$2,928$2,488$2,108$1,595
16 years$3,722$3,150$2,654$2,228$1,863$1,379
17 years$3,466$2,901$2,415$2,002$1,652$1,195
18 years$3,240$2,681$2,205$1,804$1,469$1,038
19 years$3,037$2,484$2,019$1,630$1,309$904
20 years$2,855$2,309$1,853$1,476$1,169$788
21 years$2,690$2,150$1,704$1,340$1,047$688
22 years$2,541$2,007$1,570$1,218$938$602
23 years$2,405$1,877$1,450$1,109$842$527
24 years$2,280$1,759$1,341$1,012$757$462
25 years$2,166$1,651$1,242$924$681$405
26 years$2,060$1,551$1,152$845$613$356
27 years$1,963$1,460$1,070$773$553$312
28 years$1,872$1,376$994$709$499$275
29 years$1,788$1,298$925$650$451$242
30 years$1,710$1,226$862$596$407$212
31 years$1,637$1,159$804$548$368$187
32 years$1,568$1,096$750$503$333$165
33 years$1,504$1,038$700$463$301$145
34 years$1,444$984$654$426$273$128
35 years$1,387$933$612$392$247$113
36 years$1,334$886$572$361$224$99
37 years$1,284$841$535$333$203$87
38 years$1,236$800$501$307$184$77
39 years$1,191$760$470$283$167$68
40 years$1,148$723$440$261$151$60
41 years$1,108$689$413$241$137$53
42 years$1,069$656$387$222$125$47
43 years$1,033$625$363$205$113$41
44 years$998$596$341$189$103$36
45 years$965$568$320$175$93$32
46 years$933$542$301$161$85$28
47 years$903$517$283$149$77$25
48 years$874$494$266$138$70$22
49 years$847$471$250$127$63$19
50 years$820$450$235$118$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $840,000, adding $2,712 every year, while hoping to spend $34,317 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: 51/29/20 Blend
41$840,000$840,000$840,000$840,000
42$928,477$883,957$870,937$970,550
43$986,669$890,758$863,601$1,006,675
44$1,049,646$896,742$854,868$1,042,168
45$1,117,861$901,833$844,657$1,080,030
46$1,191,809$905,950$832,879$1,120,498
47$1,272,038$909,005$819,445$1,163,833
48$1,359,148$910,909$804,259$1,210,326
49$1,453,800$911,563$787,221$1,260,297
50$1,556,722$910,863$768,227$1,314,103
51$1,668,712$908,700$747,167$1,372,137
52$1,790,651$904,957$723,928$1,434,835
53$1,923,508$899,510$698,389$1,502,678
54$2,068,348$892,228$670,427$1,576,200
55$2,226,343$882,971$639,911$1,655,991
56$2,398,786$871,592$606,703$1,742,703
57$2,587,096$857,934$570,662$1,837,058
58$2,792,838$841,832$531,637$1,939,854
59$3,017,735$823,109$489,474$2,051,973
60$3,263,681$801,579$444,010$2,174,391
61$3,532,766$777,045$395,073$2,308,185
62$3,827,287$749,300$342,487$2,454,549
63$4,149,777$718,121$286,066$2,614,799
64$4,503,021$683,276$225,617$2,790,390
65$4,890,090$644,518$160,936$2,982,931
66$5,314,365$601,585$91,813$3,194,200
67$5,779,569$554,201$18,027$3,426,158
68$6,289,802$502,074$0$3,680,976
69$6,849,582$444,896$0$3,974,004
70$7,463,883$382,339$0$4,299,879
71$8,138,185$314,061$0$4,657,724
72$8,878,526$239,695$0$5,050,820
73$9,691,554$158,859$0$5,482,789
74$10,584,595$71,145$0$5,957,622
75$11,565,717$0$0$6,479,724
76$12,643,811$0$0$7,061,572
77$13,828,670$0$0$7,726,085
78$15,131,083$0$0$8,456,621
79$16,562,937$0$0$9,259,860
80$18,137,327$0$0$10,143,160
81$19,868,681$0$0$11,114,629
82$21,772,896$0$0$12,183,199
83$23,867,486$0$0$13,358,711
84$26,171,747$0$0$14,652,010
85$28,706,941$0$0$16,075,043
86$31,496,493$0$0$17,640,974
87$34,566,215$0$0$19,364,308
88$37,944,546$0$0$21,261,026
89$41,662,824$0$0$23,348,738
90$45,755,576$0$0$25,646,849
91$50,260,847$0$0$28,176,737
92$55,220,560$0$0$30,961,963
93$60,680,906$0$0$34,028,484
94$66,692,785$0$0$37,404,905
95$73,312,282$0$0$41,122,745
96$80,601,197$0$0$45,216,734
97$88,627,631$0$0$49,725,144
98$97,466,622$0$0$54,690,145
99$107,200,857$0$0$60,158,206
100$117,921,453$0$0$66,180,535