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%14.2%
1 years$71,018$70,385$69,768$69,166$68,578$67,386
2 years$35,157$34,503$33,868$33,253$32,656$31,459
3 years$23,205$22,548$21,915$21,305$20,718$19,554
4 years$17,231$16,575$15,948$15,349$14,776$13,653
5 years$13,647$12,995$12,377$11,790$11,233$10,154
6 years$11,258$10,611$10,002$9,428$8,888$7,855
7 years$9,553$8,911$8,312$7,752$7,228$6,241
8 years$8,274$7,639$7,049$6,503$5,997$5,055
9 years$7,280$6,651$6,071$5,539$5,050$4,154
10 years$6,486$5,862$5,293$4,774$4,303$3,451
11 years$5,836$5,219$4,660$4,155$3,701$2,892
12 years$5,295$4,684$4,136$3,645$3,207$2,441
13 years$4,838$4,233$3,695$3,218$2,796$2,072
14 years$4,446$3,848$3,320$2,856$2,451$1,766
15 years$4,107$3,515$2,997$2,547$2,158$1,512
16 years$3,810$3,225$2,718$2,281$1,908$1,299
17 years$3,549$2,970$2,473$2,049$1,691$1,118
18 years$3,317$2,745$2,257$1,847$1,504$965
19 years$3,109$2,544$2,067$1,669$1,340$835
20 years$2,923$2,364$1,897$1,511$1,197$723
21 years$2,754$2,202$1,745$1,372$1,071$627
22 years$2,601$2,055$1,608$1,247$960$545
23 years$2,462$1,922$1,485$1,136$862$474
24 years$2,334$1,801$1,373$1,036$775$412
25 years$2,217$1,690$1,272$946$697$359
26 years$2,109$1,588$1,179$865$628$313
27 years$2,009$1,495$1,095$792$566$273
28 years$1,917$1,409$1,018$725$511$238
29 years$1,831$1,329$947$665$461$208
30 years$1,751$1,255$882$611$417$182
31 years$1,676$1,186$823$561$377$159
32 years$1,606$1,123$768$515$341$139
33 years$1,540$1,063$717$474$309$121
34 years$1,479$1,008$670$436$279$106
35 years$1,421$956$626$401$253$93
36 years$1,366$907$586$370$229$81
37 years$1,314$861$548$341$208$71
38 years$1,266$819$513$314$188$62
39 years$1,219$779$481$289$171$54
40 years$1,176$741$451$267$155$47
41 years$1,134$705$423$246$141$42
42 years$1,095$671$397$227$128$36
43 years$1,057$640$372$210$116$32
44 years$1,022$610$349$194$105$28
45 years$988$582$328$179$95$24
46 years$955$555$308$165$87$21
47 years$925$529$289$153$79$19
48 years$895$505$272$141$71$16
49 years$867$483$256$130$65$14
50 years$840$461$240$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $860,000, adding $6,471 every year, while hoping to spend $57,985 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: 37/49/14 Blend
41$860,000$860,000$860,000$860,000
42$954,395$908,815$895,485$985,409
43$990,048$891,651$863,788$991,080
44$1,027,393$871,703$829,086$991,162
45$1,066,544$848,773$791,217$989,993
46$1,107,620$822,651$750,011$987,490
47$1,150,753$793,117$705,292$983,567
48$1,196,085$759,935$656,875$978,136
49$1,243,772$722,858$604,566$971,104
50$1,293,982$681,624$548,165$962,377
51$1,346,899$635,954$487,459$951,855
52$1,402,723$585,556$422,229$939,439
53$1,461,671$530,119$352,244$925,024
54$1,523,983$469,315$277,265$908,505
55$1,589,916$402,799$197,041$889,772
56$1,659,755$330,204$111,309$868,717
57$1,733,809$251,143$19,797$845,226
58$1,812,417$165,208$0$819,186
59$1,895,948$71,968$0$802,116
60$1,984,807$0$0$786,182
61$2,079,437$0$0$784,012
62$2,180,323$0$0$823,136
63$2,287,996$0$0$864,963
64$2,403,038$0$0$909,730
65$2,526,087$0$0$957,695
66$2,657,841$0$0$1,009,139
67$2,799,069$0$0$1,064,374
68$2,950,611$0$0$1,123,741
69$3,113,391$0$0$1,187,614
70$3,288,421$0$0$1,256,403
71$3,476,815$0$0$1,330,559
72$3,679,793$0$0$1,410,578
73$3,898,698$0$0$1,497,005
74$4,135,003$0$0$1,590,438
75$4,390,329$0$0$1,691,534
76$4,666,455$0$0$1,801,017
77$4,965,338$0$0$1,919,680
78$5,289,128$0$0$2,048,398
79$5,640,190$0$0$2,188,133
80$6,021,126$0$0$2,339,940
81$6,434,794$0$0$2,504,983
82$6,884,342$0$0$2,684,541
83$7,373,229$0$0$2,880,022
84$7,905,262$0$0$3,092,974
85$8,484,633$0$0$3,325,101
86$9,115,949$0$0$3,578,280
87$9,804,285$0$0$3,854,574
88$10,555,225$0$0$4,156,257
89$11,374,914$0$0$4,485,829
90$12,270,117$0$0$4,846,046
91$13,248,282$0$0$5,239,939
92$14,317,608$0$0$5,670,845
93$15,487,123$0$0$6,142,442
94$16,766,766$0$0$6,658,777
95$18,167,481$0$0$7,224,307
96$19,701,319$0$0$7,843,940
97$21,381,553$0$0$8,523,083
98$23,222,798$0$0$9,267,688
99$25,241,150$0$0$10,084,314
100$27,454,337$0$0$10,980,182