Can I retire at age 42 with 840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$69,366$68,749$68,146$67,557$66,983$65,443
2 years$34,340$33,700$33,080$32,479$31,897$30,354
3 years$22,666$22,023$21,405$20,810$20,236$18,739
4 years$16,830$16,190$15,578$14,992$14,433$12,992
5 years$13,329$12,693$12,089$11,516$10,972$9,592
6 years$10,996$10,365$9,770$9,209$8,681$7,364
7 years$9,331$8,704$8,119$7,571$7,060$5,805
8 years$8,082$7,461$6,885$6,351$5,857$4,664
9 years$7,111$6,496$5,930$5,410$4,933$3,800
10 years$6,335$5,726$5,170$4,663$4,203$3,130
11 years$5,700$5,098$4,552$4,059$3,615$2,600
12 years$5,172$4,575$4,039$3,560$3,132$2,174
13 years$4,725$4,135$3,609$3,143$2,731$1,828
14 years$4,342$3,758$3,243$2,790$2,394$1,544
15 years$4,011$3,433$2,928$2,488$2,108$1,309
16 years$3,722$3,150$2,654$2,228$1,863$1,113
17 years$3,466$2,901$2,415$2,002$1,652$949
18 years$3,240$2,681$2,205$1,804$1,469$811
19 years$3,037$2,484$2,019$1,630$1,309$694
20 years$2,855$2,309$1,853$1,476$1,169$595
21 years$2,690$2,150$1,704$1,340$1,047$511
22 years$2,541$2,007$1,570$1,218$938$439
23 years$2,405$1,877$1,450$1,109$842$377
24 years$2,280$1,759$1,341$1,012$757$325
25 years$2,166$1,651$1,242$924$681$280
26 years$2,060$1,551$1,152$845$613$241
27 years$1,963$1,460$1,070$773$553$208
28 years$1,872$1,376$994$709$499$179
29 years$1,788$1,298$925$650$451$155
30 years$1,710$1,226$862$596$407$134
31 years$1,637$1,159$804$548$368$115
32 years$1,568$1,096$750$503$333$100
33 years$1,504$1,038$700$463$301$86
34 years$1,444$984$654$426$273$74
35 years$1,387$933$612$392$247$64
36 years$1,334$886$572$361$224$56
37 years$1,284$841$535$333$203$48
38 years$1,236$800$501$307$184$42
39 years$1,191$760$470$283$167$36
40 years$1,148$723$440$261$151$31
41 years$1,108$689$413$241$137$27
42 years$1,069$656$387$222$125$23
43 years$1,033$625$363$205$113$20
44 years$998$596$341$189$103$17
45 years$965$568$320$175$93$15
46 years$933$542$301$161$85$13
47 years$903$517$283$149$77$11
48 years$874$494$266$138$70$10
49 years$847$471$250$127$63$8
50 years$820$450$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $840,000, adding $6,903 every year, while hoping to spend $45,621 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: 24/50/26 Blend
41$840,000$840,000$840,000$840,000
42$932,800$888,280$875,260$947,391
43$979,406$883,266$856,041$955,133
44$1,029,236$876,476$834,649$959,091
45$1,082,571$867,777$810,963$962,361
46$1,139,720$857,025$784,857$964,915
47$1,201,020$844,067$756,198$966,727
48$1,266,841$828,744$724,848$967,775
49$1,337,591$810,885$690,663$968,036
50$1,413,715$790,308$653,490$967,495
51$1,495,705$766,824$613,173$966,137
52$1,584,098$740,229$569,545$963,956
53$1,679,485$710,310$522,434$960,949
54$1,782,517$676,839$471,660$957,121
55$1,893,908$639,578$417,034$952,484
56$2,014,442$598,273$358,360$947,060
57$2,144,982$552,655$295,433$940,881
58$2,286,477$502,442$228,036$933,993
59$2,439,969$447,334$155,948$926,454
60$2,606,607$387,014$78,932$918,338
61$2,787,650$321,147$0$909,739
62$2,984,489$249,382$0$901,673
63$3,198,648$171,343$0$916,801
64$3,431,808$86,637$0$933,440
65$3,685,819$0$0$951,858
66$3,962,713$0$0$975,198
67$4,264,730$0$0$1,052,780
68$4,594,334$0$0$1,137,587
69$4,954,237$0$0$1,230,332
70$5,347,426$0$0$1,331,804
71$5,777,188$0$0$1,442,869
72$6,247,142$0$0$1,564,482
73$6,761,273$0$0$1,697,695
74$7,323,968$0$0$1,843,665
75$7,940,058$0$0$2,003,667
76$8,614,865$0$0$2,179,106
77$9,354,248$0$0$2,371,528
78$10,164,658$0$0$2,582,638
79$11,053,203$0$0$2,814,310
80$12,027,709$0$0$3,068,613
81$13,096,798$0$0$3,347,822
82$14,269,966$0$0$3,654,447
83$15,557,671$0$0$3,991,250
84$16,971,436$0$0$4,361,274
85$18,523,951$0$0$4,767,872
86$20,229,198$0$0$5,214,738
87$22,102,578$0$0$5,705,942
88$24,161,058$0$0$6,245,967
89$26,423,329$0$0$6,839,752
90$28,909,984$0$0$7,492,739
91$31,643,709$0$0$8,210,923
92$34,649,499$0$0$9,000,911
93$37,954,891$0$0$9,869,980
94$41,590,223$0$0$10,826,151
95$45,588,923$0$0$11,878,258
96$49,987,821$0$0$13,036,036
97$54,827,494$0$0$14,310,214
98$60,152,652$0$0$15,712,609
99$66,012,559$0$0$17,256,245
100$72,461,492$0$0$18,955,472