Can I retire at age 42 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$73,495$72,841$72,202$71,579$70,970$68,235
2 years$36,384$35,706$35,050$34,413$33,795$31,072
3 years$24,015$23,334$22,679$22,049$21,441$18,816
4 years$17,832$17,153$16,505$15,885$15,292$12,785
5 years$14,123$13,448$12,808$12,201$11,625$9,242
6 years$11,651$10,982$10,351$9,757$9,198$6,941
7 years$9,886$9,222$8,602$8,022$7,481$5,349
8 years$8,563$7,905$7,295$6,729$6,206$4,197
9 years$7,534$6,883$6,283$5,732$5,226$3,338
10 years$6,712$6,067$5,478$4,941$4,453$2,681
11 years$6,040$5,401$4,823$4,300$3,830$2,170
12 years$5,480$4,848$4,280$3,772$3,319$1,768
13 years$5,006$4,381$3,824$3,330$2,894$1,447
14 years$4,601$3,982$3,436$2,956$2,537$1,189
15 years$4,250$3,638$3,102$2,636$2,234$979
16 years$3,943$3,338$2,812$2,360$1,974$809
17 years$3,673$3,074$2,559$2,121$1,750$670
18 years$3,432$2,840$2,336$1,911$1,556$556
19 years$3,218$2,632$2,139$1,727$1,387$461
20 years$3,025$2,446$1,963$1,564$1,239$384
21 years$2,851$2,278$1,805$1,420$1,109$319
22 years$2,692$2,127$1,664$1,291$994$266
23 years$2,548$1,989$1,536$1,175$892$222
24 years$2,416$1,864$1,421$1,072$802$185
25 years$2,295$1,749$1,316$979$722$154
26 years$2,183$1,644$1,221$895$650$129
27 years$2,079$1,547$1,133$819$586$107
28 years$1,984$1,458$1,054$751$529$90
29 years$1,895$1,375$980$688$477$75
30 years$1,812$1,299$913$632$431$63
31 years$1,734$1,228$851$580$390$52
32 years$1,662$1,162$794$533$353$44
33 years$1,594$1,100$742$490$319$37
34 years$1,530$1,043$693$451$289$31
35 years$1,470$989$648$415$262$25
36 years$1,414$939$606$383$237$21
37 years$1,360$892$567$352$215$18
38 years$1,310$847$531$325$195$15
39 years$1,262$806$498$300$177$12
40 years$1,217$767$467$276$160$10
41 years$1,174$730$437$255$145$9
42 years$1,133$695$410$235$132$7
43 years$1,094$662$385$217$120$6
44 years$1,057$631$361$201$109$5
45 years$1,022$602$339$185$99$4
46 years$989$574$319$171$90$4
47 years$957$548$299$158$81$3
48 years$926$523$281$146$74$2
49 years$897$499$265$135$67$2
50 years$869$477$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $890,000, adding $6,776 every year, while hoping to spend $56,060 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: 71/23/6 Blend
41$890,000$890,000$890,000$890,000
42$987,769$940,599$926,804$1,056,661
43$1,028,875$927,041$898,205$1,089,489
44$1,072,293$910,940$866,769$1,117,787
45$1,118,203$892,112$832,341$1,147,197
46$1,166,796$870,362$794,761$1,177,810
47$1,218,284$845,484$753,860$1,209,733
48$1,272,896$817,260$709,461$1,243,083
49$1,330,885$785,459$661,382$1,277,988
50$1,392,525$749,837$609,428$1,314,594
51$1,458,118$710,134$553,399$1,353,063
52$1,527,994$666,078$493,086$1,393,572
53$1,602,513$617,380$428,268$1,436,321
54$1,682,071$563,733$358,717$1,481,532
55$1,767,101$504,815$284,193$1,529,452
56$1,858,079$440,284$204,446$1,580,353
57$1,955,524$369,779$119,216$1,634,541
58$2,060,008$292,919$28,230$1,692,354
59$2,172,157$209,300$0$1,754,167
60$2,292,659$118,498$0$1,824,807
61$2,422,270$20,064$0$1,902,543
62$2,561,817$0$0$1,986,100
63$2,712,211$0$0$2,097,956
64$2,874,451$0$0$2,224,136
65$3,049,636$0$0$2,360,420
66$3,238,973$0$0$2,507,752
67$3,443,788$0$0$2,667,169
68$3,665,539$0$0$2,839,811
69$3,905,828$0$0$3,026,930
70$4,166,419$0$0$3,229,906
71$4,449,249$0$0$3,450,254
72$4,756,451$0$0$3,689,640
73$5,090,368$0$0$3,949,899
74$5,453,581$0$0$4,233,047
75$5,848,927$0$0$4,541,305
76$6,279,530$0$0$4,877,114
77$6,748,825$0$0$5,243,163
78$7,260,596$0$0$5,642,409
79$7,819,004$0$0$6,078,108
80$8,428,631$0$0$6,553,843
81$9,094,520$0$0$7,073,561
82$9,822,225$0$0$7,641,603
83$10,617,858$0$0$8,262,752
84$11,488,149$0$0$8,942,271
85$12,440,508$0$0$9,685,958
86$13,483,096$0$0$10,500,196
87$14,624,898$0$0$11,392,014
88$15,875,810$0$0$12,369,152
89$17,246,728$0$0$13,440,135
90$18,749,655$0$0$14,614,353
91$20,397,810$0$0$15,902,146
92$22,205,750$0$0$17,314,903
93$24,189,512$0$0$18,865,169
94$26,366,759$0$0$20,566,763
95$28,756,948$0$0$22,434,906
96$31,381,510$0$0$24,486,366
97$34,264,056$0$0$26,739,612
98$37,430,592$0$0$29,214,991
99$40,909,771$0$0$31,934,920
100$44,733,156$0$0$34,924,091