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%17.1%
1 years$71,018$70,385$69,768$69,166$68,578$66,596
2 years$35,157$34,503$33,868$33,253$32,656$30,675
3 years$23,205$22,548$21,915$21,305$20,718$18,801
4 years$17,231$16,575$15,948$15,349$14,776$12,936
5 years$13,647$12,995$12,377$11,790$11,233$9,475
6 years$11,258$10,611$10,002$9,428$8,888$7,215
7 years$9,553$8,911$8,312$7,752$7,228$5,640
8 years$8,274$7,639$7,049$6,503$5,997$4,491
9 years$7,280$6,651$6,071$5,539$5,050$3,627
10 years$6,486$5,862$5,293$4,774$4,303$2,959
11 years$5,836$5,219$4,660$4,155$3,701$2,435
12 years$5,295$4,684$4,136$3,645$3,207$2,016
13 years$4,838$4,233$3,695$3,218$2,796$1,678
14 years$4,446$3,848$3,320$2,856$2,451$1,403
15 years$4,107$3,515$2,997$2,547$2,158$1,177
16 years$3,810$3,225$2,718$2,281$1,908$990
17 years$3,549$2,970$2,473$2,049$1,691$835
18 years$3,317$2,745$2,257$1,847$1,504$706
19 years$3,109$2,544$2,067$1,669$1,340$597
20 years$2,923$2,364$1,897$1,511$1,197$506
21 years$2,754$2,202$1,745$1,372$1,071$429
22 years$2,601$2,055$1,608$1,247$960$365
23 years$2,462$1,922$1,485$1,136$862$310
24 years$2,334$1,801$1,373$1,036$775$264
25 years$2,217$1,690$1,272$946$697$224
26 years$2,109$1,588$1,179$865$628$191
27 years$2,009$1,495$1,095$792$566$163
28 years$1,917$1,409$1,018$725$511$139
29 years$1,831$1,329$947$665$461$118
30 years$1,751$1,255$882$611$417$101
31 years$1,676$1,186$823$561$377$86
32 years$1,606$1,123$768$515$341$73
33 years$1,540$1,063$717$474$309$63
34 years$1,479$1,008$670$436$279$53
35 years$1,421$956$626$401$253$46
36 years$1,366$907$586$370$229$39
37 years$1,314$861$548$341$208$33
38 years$1,266$819$513$314$188$28
39 years$1,219$779$481$289$171$24
40 years$1,176$741$451$267$155$21
41 years$1,134$705$423$246$141$18
42 years$1,095$671$397$227$128$15
43 years$1,057$640$372$210$116$13
44 years$1,022$610$349$194$105$11
45 years$988$582$328$179$95$9
46 years$955$555$308$165$87$8
47 years$925$529$289$153$79$7
48 years$895$505$272$141$71$6
49 years$867$483$256$130$65$5
50 years$840$461$240$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $860,000, adding $6,080 every year, while hoping to spend $36,385 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: 47/32/21 Blend
41$860,000$860,000$860,000$860,000
42$953,992$908,412$895,082$992,867
43$1,012,585$914,210$886,353$1,026,446
44$1,075,936$919,074$876,113$1,058,754
45$1,144,491$922,918$864,272$1,093,070
46$1,218,741$925,652$850,737$1,129,599
47$1,299,226$927,183$835,411$1,168,568
48$1,386,540$927,408$818,190$1,210,226
49$1,481,336$926,219$798,968$1,254,855
50$1,584,332$923,504$777,633$1,302,763
51$1,696,318$919,141$754,069$1,354,293
52$1,818,165$913,000$728,152$1,409,827
53$1,950,827$904,947$699,755$1,469,785
54$2,095,359$894,837$668,744$1,534,637
55$2,252,917$882,515$634,978$1,604,900
56$2,424,777$867,821$598,312$1,681,147
57$2,612,341$850,581$558,593$1,764,016
58$2,817,155$830,615$515,661$1,854,210
59$3,040,918$807,728$469,348$1,952,509
60$3,285,501$781,716$419,481$2,059,776
61$3,552,966$752,364$365,878$2,176,966
62$3,845,582$719,443$308,348$2,305,136
63$4,165,845$682,710$246,692$2,445,457
64$4,516,509$641,910$180,703$2,599,222
65$4,900,600$596,771$110,164$2,767,862
66$5,321,457$547,008$34,850$2,952,961
67$5,782,752$492,318$0$3,156,268
68$6,288,532$432,382$0$3,389,919
69$6,843,254$366,860$0$3,654,850
70$7,451,826$295,396$0$3,945,665
71$8,119,656$217,614$0$4,265,039
72$8,852,698$133,114$0$4,615,920
73$9,657,512$41,476$0$5,001,566
74$10,541,325$0$0$5,425,569
75$11,512,098$0$0$5,912,229
76$12,578,600$0$0$6,463,027
77$13,750,492$0$0$7,068,360
78$15,038,415$0$0$7,733,740
79$16,454,097$0$0$8,465,238
80$18,010,453$0$0$9,269,542
81$19,721,716$0$0$10,154,021
82$21,603,566$0$0$11,126,796
83$23,673,276$0$0$12,196,811
84$25,949,880$0$0$13,373,923
85$28,454,348$0$0$14,668,990
86$31,209,786$0$0$16,093,979
87$34,241,652$0$0$17,662,073
88$37,577,994$0$0$19,387,797
89$41,249,719$0$0$21,287,157
90$45,290,882$0$0$23,377,789
91$49,739,005$0$0$25,679,124
92$54,635,432$0$0$28,212,575
93$60,025,721$0$0$31,001,734
94$65,960,070$0$0$34,072,599
95$72,493,792$0$0$37,453,816
96$79,687,836$0$0$41,176,950
97$87,609,362$0$0$45,276,784
98$96,332,376$0$0$49,791,643
99$105,938,422$0$0$54,763,763
100$116,517,360$0$0$60,239,679