Can I retire at age 42 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$71,018$70,385$69,768$69,166$68,578$65,909
2 years$35,157$34,503$33,868$33,253$32,656$29,999
3 years$23,205$22,548$21,915$21,305$20,718$18,158
4 years$17,231$16,575$15,948$15,349$14,776$12,331
5 years$13,647$12,995$12,377$11,790$11,233$8,909
6 years$11,258$10,611$10,002$9,428$8,888$6,688
7 years$9,553$8,911$8,312$7,752$7,228$5,150
8 years$8,274$7,639$7,049$6,503$5,997$4,039
9 years$7,280$6,651$6,071$5,539$5,050$3,210
10 years$6,486$5,862$5,293$4,774$4,303$2,577
11 years$5,836$5,219$4,660$4,155$3,701$2,085
12 years$5,295$4,684$4,136$3,645$3,207$1,697
13 years$4,838$4,233$3,695$3,218$2,796$1,388
14 years$4,446$3,848$3,320$2,856$2,451$1,139
15 years$4,107$3,515$2,997$2,547$2,158$938
16 years$3,810$3,225$2,718$2,281$1,908$775
17 years$3,549$2,970$2,473$2,049$1,691$641
18 years$3,317$2,745$2,257$1,847$1,504$531
19 years$3,109$2,544$2,067$1,669$1,340$441
20 years$2,923$2,364$1,897$1,511$1,197$366
21 years$2,754$2,202$1,745$1,372$1,071$304
22 years$2,601$2,055$1,608$1,247$960$253
23 years$2,462$1,922$1,485$1,136$862$211
24 years$2,334$1,801$1,373$1,036$775$176
25 years$2,217$1,690$1,272$946$697$147
26 years$2,109$1,588$1,179$865$628$122
27 years$2,009$1,495$1,095$792$566$102
28 years$1,917$1,409$1,018$725$511$85
29 years$1,831$1,329$947$665$461$71
30 years$1,751$1,255$882$611$417$59
31 years$1,676$1,186$823$561$377$49
32 years$1,606$1,123$768$515$341$41
33 years$1,540$1,063$717$474$309$34
34 years$1,479$1,008$670$436$279$29
35 years$1,421$956$626$401$253$24
36 years$1,366$907$586$370$229$20
37 years$1,314$861$548$341$208$17
38 years$1,266$819$513$314$188$14
39 years$1,219$779$481$289$171$12
40 years$1,176$741$451$267$155$10
41 years$1,134$705$423$246$141$8
42 years$1,095$671$397$227$128$7
43 years$1,057$640$372$210$116$6
44 years$1,022$610$349$194$105$5
45 years$988$582$328$179$95$4
46 years$955$555$308$165$87$3
47 years$925$529$289$153$79$3
48 years$895$505$272$141$71$2
49 years$867$483$256$130$65$2
50 years$840$461$240$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $860,000, adding $5,210 every year, while hoping to spend $21,605 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: 58/17/25 Blend
41$860,000$860,000$860,000$860,000
42$953,094$907,514$894,184$1,001,644
43$1,027,322$928,995$901,152$1,056,870
44$1,108,397$950,804$907,629$1,114,308
45$1,196,995$972,935$913,576$1,176,476
46$1,293,860$995,379$918,951$1,243,838
47$1,399,810$1,018,129$923,713$1,316,904
48$1,515,747$1,041,174$927,813$1,396,238
49$1,642,664$1,064,503$931,206$1,482,459
50$1,781,654$1,088,102$933,840$1,576,251
51$1,933,922$1,111,958$935,663$1,678,368
52$2,100,793$1,136,055$936,619$1,789,640
53$2,283,728$1,160,375$936,649$1,910,982
54$2,484,335$1,184,900$935,693$2,043,403
55$2,704,385$1,209,608$933,687$2,188,016
56$2,945,829$1,234,476$930,563$2,346,045
57$3,210,818$1,259,479$926,250$2,518,841
58$3,501,717$1,284,590$920,675$2,707,895
59$3,821,135$1,309,777$913,761$2,914,846
60$4,171,944$1,335,010$905,425$3,141,506
61$4,557,308$1,360,252$895,583$3,389,867
62$4,980,715$1,385,465$884,147$3,662,129
63$5,446,004$1,410,609$871,021$3,960,715
64$5,957,406$1,435,638$856,110$4,288,295
65$6,519,581$1,460,505$839,310$4,647,814
66$7,137,667$1,485,157$820,515$5,042,518
67$7,817,319$1,509,540$799,612$5,475,985
68$8,564,771$1,533,593$776,485$5,952,156
69$9,386,891$1,557,253$751,011$6,475,379
70$10,291,246$1,580,450$723,061$7,050,444
71$11,286,172$1,603,111$692,503$7,682,634
72$12,380,855$1,625,157$659,195$8,377,768
73$13,585,415$1,646,503$622,991$9,142,262
74$14,911,005$1,667,059$583,739$9,983,189
75$16,369,910$1,686,728$541,277$10,908,343
76$17,975,671$1,705,407$495,440$11,926,318
77$19,743,204$1,722,987$446,052$13,046,581
78$21,688,947$1,739,350$392,931$14,279,573
79$23,831,012$1,754,370$335,886$15,636,798
80$26,189,356$1,767,915$274,719$17,130,936
81$28,785,970$1,779,842$209,222$18,775,965
82$31,645,085$1,790,001$139,177$20,587,289
83$34,793,403$1,798,230$64,359$22,581,889
84$38,260,346$1,804,359$0$24,778,477
85$42,078,335$1,808,206$0$27,201,811
86$46,283,094$1,809,577$0$29,889,084
87$50,913,991$1,808,268$0$32,848,233
88$56,014,405$1,804,060$0$36,106,946
89$61,632,138$1,796,722$0$39,695,734
90$67,819,864$1,786,010$0$43,648,220
91$74,635,627$1,771,661$0$48,001,457
92$82,143,390$1,753,401$0$52,796,276
93$90,413,634$1,730,937$0$58,077,676
94$99,524,029$1,703,957$0$63,895,242
95$109,560,164$1,672,134$0$70,303,619
96$120,616,351$1,635,119$0$77,363,028
97$132,796,522$1,592,544$0$85,139,830
98$146,215,207$1,544,017$0$93,707,157
99$160,998,610$1,489,126$0$103,145,601
100$177,285,808$1,427,434$0$113,543,974