Can I retire at age 42 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$71,844$71,204$70,579$69,970$69,375$67,506
2 years$35,566$34,904$34,262$33,639$33,036$31,166
3 years$23,475$22,810$22,170$21,553$20,959$19,148
4 years$17,431$16,768$16,134$15,528$14,948$13,209
5 years$13,805$13,146$12,521$11,927$11,363$9,700
6 years$11,389$10,735$10,118$9,538$8,992$7,407
7 years$9,664$9,015$8,408$7,842$7,313$5,806
8 years$8,371$7,728$7,131$6,578$6,066$4,637
9 years$7,365$6,728$6,142$5,603$5,109$3,756
10 years$6,561$5,931$5,355$4,830$4,353$3,074
11 years$5,904$5,280$4,714$4,204$3,744$2,538
12 years$5,357$4,739$4,184$3,687$3,244$2,108
13 years$4,894$4,282$3,738$3,255$2,829$1,761
14 years$4,498$3,893$3,359$2,890$2,480$1,477
15 years$4,154$3,556$3,032$2,577$2,183$1,244
16 years$3,854$3,263$2,749$2,307$1,930$1,050
17 years$3,590$3,005$2,502$2,073$1,711$889
18 years$3,355$2,776$2,284$1,868$1,521$754
19 years$3,145$2,573$2,091$1,688$1,356$640
20 years$2,957$2,391$1,919$1,529$1,211$545
21 years$2,786$2,227$1,765$1,388$1,084$464
22 years$2,632$2,079$1,627$1,262$972$396
23 years$2,491$1,945$1,502$1,149$872$337
24 years$2,362$1,822$1,389$1,048$784$288
25 years$2,243$1,710$1,286$957$705$246
26 years$2,134$1,607$1,193$875$635$211
27 years$2,033$1,512$1,108$801$573$180
28 years$1,939$1,425$1,030$734$517$154
29 years$1,852$1,344$958$673$467$132
30 years$1,771$1,270$893$618$422$113
31 years$1,695$1,200$832$567$381$97
32 years$1,624$1,136$777$521$345$83
33 years$1,558$1,075$725$479$312$71
34 years$1,496$1,019$677$441$283$61
35 years$1,437$967$633$406$256$52
36 years$1,382$918$593$374$232$45
37 years$1,330$872$555$345$210$38
38 years$1,280$828$519$318$191$33
39 years$1,234$788$487$293$173$28
40 years$1,189$749$456$270$157$24
41 years$1,147$713$428$249$142$21
42 years$1,108$679$401$230$129$18
43 years$1,070$647$376$212$117$15
44 years$1,034$617$353$196$106$13
45 years$999$588$332$181$97$11
46 years$967$561$312$167$88$10
47 years$935$536$293$154$80$8
48 years$905$511$275$143$72$7
49 years$877$488$259$132$66$6
50 years$849$466$243$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $870,000, adding $3,325 every year, while hoping to spend $32,828 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: 79/12/9 Blend
41$870,000$870,000$870,000$870,000
42$962,170$916,060$902,575$1,036,605
43$1,025,382$926,018$897,882$1,095,886
44$1,093,942$935,364$891,932$1,156,295
45$1,168,361$944,033$884,648$1,221,597
46$1,249,199$951,956$875,949$1,292,266
47$1,337,075$959,059$865,751$1,368,823
48$1,432,669$965,266$853,966$1,451,842
49$1,536,729$970,491$840,502$1,541,954
50$1,650,077$974,648$825,261$1,639,857
51$1,773,620$977,640$808,142$1,746,318
52$1,908,355$979,370$789,040$1,862,182
53$2,055,377$979,730$767,844$1,988,381
54$2,215,896$978,607$744,437$2,125,941
55$2,391,240$975,881$718,698$2,275,994
56$2,582,873$971,426$690,501$2,439,785
57$2,792,406$965,105$659,712$2,618,688
58$3,021,612$956,777$626,194$2,814,216
59$3,272,446$946,288$589,800$3,028,038
60$3,547,058$933,478$550,381$3,261,992
61$3,847,815$918,176$507,777$3,518,104
62$4,177,328$900,202$461,822$3,798,606
63$4,538,467$879,364$412,345$4,105,958
64$4,934,396$855,458$359,164$4,442,874
65$5,368,600$828,272$302,092$4,812,341
66$5,844,916$797,576$240,931$5,217,654
67$6,367,571$763,130$175,475$5,662,443
68$6,941,221$724,681$105,511$6,150,711
69$7,570,993$681,958$30,814$6,686,866
70$8,262,539$634,678$0$7,275,771
71$9,022,080$582,540$0$7,927,478
72$9,856,472$525,224$0$8,646,659
73$10,773,268$462,396$0$9,436,884
74$11,780,786$393,699$0$10,305,352
75$12,888,195$318,758$0$11,259,996
76$14,105,590$237,177$0$12,309,557
77$15,444,098$148,536$0$13,463,666
78$16,915,976$52,394$0$14,732,940
79$18,534,728$0$0$16,129,075
80$20,315,231$0$0$17,671,793
81$22,273,880$0$0$19,376,505
82$24,428,736$0$0$21,252,016
83$26,799,699$0$0$23,315,652
84$29,408,696$0$0$25,586,500
85$32,279,887$0$0$28,085,594
86$35,439,891$0$0$30,836,107
87$38,918,041$0$0$33,863,574
88$42,746,655$0$0$37,196,132
89$46,961,346$0$0$40,864,782
90$51,601,353$0$0$44,903,687
91$56,709,914$0$0$49,350,486
92$62,334,673$0$0$54,246,658
93$68,528,129$0$0$59,637,905
94$75,348,129$0$0$65,574,590
95$82,858,418$0$0$72,112,205
96$91,129,238$0$0$79,311,901
97$100,237,988$0$0$87,241,059
98$110,269,957$0$0$95,973,931
99$121,319,130$0$0$105,592,336
100$133,489,071$0$0$116,186,434