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%11.3%
1 years$69,366$68,749$68,146$67,557$66,983$66,616
2 years$34,340$33,700$33,080$32,479$31,897$31,527
3 years$22,666$22,023$21,405$20,810$20,236$19,875
4 years$16,830$16,190$15,578$14,992$14,433$14,082
5 years$13,329$12,693$12,089$11,516$10,972$10,633
6 years$10,996$10,365$9,770$9,209$8,681$8,355
7 years$9,331$8,704$8,119$7,571$7,060$6,747
8 years$8,082$7,461$6,885$6,351$5,857$5,556
9 years$7,111$6,496$5,930$5,410$4,933$4,644
10 years$6,335$5,726$5,170$4,663$4,203$3,927
11 years$5,700$5,098$4,552$4,059$3,615$3,350
12 years$5,172$4,575$4,039$3,560$3,132$2,880
13 years$4,725$4,135$3,609$3,143$2,731$2,491
14 years$4,342$3,758$3,243$2,790$2,394$2,165
15 years$4,011$3,433$2,928$2,488$2,108$1,890
16 years$3,722$3,150$2,654$2,228$1,863$1,656
17 years$3,466$2,901$2,415$2,002$1,652$1,455
18 years$3,240$2,681$2,205$1,804$1,469$1,283
19 years$3,037$2,484$2,019$1,630$1,309$1,133
20 years$2,855$2,309$1,853$1,476$1,169$1,002
21 years$2,690$2,150$1,704$1,340$1,047$889
22 years$2,541$2,007$1,570$1,218$938$789
23 years$2,405$1,877$1,450$1,109$842$701
24 years$2,280$1,759$1,341$1,012$757$624
25 years$2,166$1,651$1,242$924$681$556
26 years$2,060$1,551$1,152$845$613$496
27 years$1,963$1,460$1,070$773$553$443
28 years$1,872$1,376$994$709$499$395
29 years$1,788$1,298$925$650$451$353
30 years$1,710$1,226$862$596$407$316
31 years$1,637$1,159$804$548$368$283
32 years$1,568$1,096$750$503$333$253
33 years$1,504$1,038$700$463$301$227
34 years$1,444$984$654$426$273$203
35 years$1,387$933$612$392$247$182
36 years$1,334$886$572$361$224$163
37 years$1,284$841$535$333$203$146
38 years$1,236$800$501$307$184$131
39 years$1,191$760$470$283$167$118
40 years$1,148$723$440$261$151$105
41 years$1,108$689$413$241$137$95
42 years$1,069$656$387$222$125$85
43 years$1,033$625$363$205$113$76
44 years$998$596$341$189$103$68
45 years$965$568$320$175$93$61
46 years$933$542$301$161$85$55
47 years$903$517$283$149$77$49
48 years$874$494$266$138$70$44
49 years$847$471$250$127$63$40
50 years$820$450$235$118$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $840,000, adding $6,501 every year, while hoping to spend $46,629 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: 44/38/18 Blend
41$840,000$840,000$840,000$840,000
42$932,386$887,866$874,846$968,298
43$977,876$881,758$854,540$988,059
44$1,026,444$873,789$831,992$1,004,345
45$1,078,353$863,817$807,076$1,021,017
46$1,133,895$851,693$779,662$1,038,131
47$1,193,387$837,260$749,615$1,055,754
48$1,257,177$820,351$716,792$1,073,961
49$1,325,649$800,788$681,045$1,092,841
50$1,399,223$778,385$642,217$1,112,493
51$1,478,360$752,942$600,148$1,133,031
52$1,563,565$724,249$554,666$1,154,586
53$1,655,396$692,084$505,594$1,177,306
54$1,754,462$656,212$452,747$1,201,360
55$1,861,435$616,384$395,932$1,226,936
56$1,977,052$572,337$334,946$1,254,251
57$2,102,123$523,793$269,578$1,283,547
58$2,237,538$470,458$199,608$1,315,098
59$2,384,277$412,021$124,805$1,349,212
60$2,543,417$348,153$44,930$1,386,236
61$2,716,141$278,508$0$1,426,559
62$2,903,752$202,720$0$1,478,360
63$3,107,682$120,400$0$1,544,100
64$3,329,507$31,141$0$1,615,739
65$3,570,961$0$0$1,693,947
66$3,833,951$0$0$1,806,851
67$4,120,576$0$0$1,944,187
68$4,433,148$0$0$2,094,052
69$4,774,208$0$0$2,257,678
70$5,146,557$0$0$2,436,419
71$5,553,274$0$0$2,631,768
72$5,997,752$0$0$2,845,368
73$6,483,726$0$0$3,079,028
74$7,015,306$0$0$3,334,739
75$7,597,019$0$0$3,614,695
76$8,233,852$0$0$3,921,311
77$8,931,292$0$0$4,257,245
78$9,695,385$0$0$4,625,428
79$10,532,789$0$0$5,029,085
80$11,450,834$0$0$5,471,768
81$12,457,597$0$0$5,957,391
82$13,561,971$0$0$6,490,263
83$14,773,752$0$0$7,075,134
84$16,103,732$0$0$7,717,231
85$17,563,796$0$0$8,422,316
86$19,167,038$0$0$9,196,734
87$20,927,879$0$0$10,047,476
88$22,862,209$0$0$10,982,243
89$24,987,532$0$0$12,009,519
90$27,323,128$0$0$13,138,650
91$29,890,241$0$0$14,379,933
92$32,712,275$0$0$15,744,714
93$35,815,013$0$0$17,245,490
94$39,226,862$0$0$18,896,032
95$42,979,120$0$0$20,711,511
96$47,106,268$0$0$22,708,644
97$51,646,298$0$0$24,905,848
98$56,641,069$0$0$27,323,416
99$62,136,703$0$0$29,983,707
100$68,184,017$0$0$32,911,357