Can I retire at age 42 with 890,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$73,495$72,841$72,202$71,579$70,970$68,864
2 years$36,384$35,706$35,050$34,413$33,795$31,691
3 years$24,015$23,334$22,679$22,049$21,441$19,404
4 years$17,832$17,153$16,505$15,885$15,292$13,338
5 years$14,123$13,448$12,808$12,201$11,625$9,759
6 years$11,651$10,982$10,351$9,757$9,198$7,423
7 years$9,886$9,222$8,602$8,022$7,481$5,796
8 years$8,563$7,905$7,295$6,729$6,206$4,610
9 years$7,534$6,883$6,283$5,732$5,226$3,718
10 years$6,712$6,067$5,478$4,941$4,453$3,030
11 years$6,040$5,401$4,823$4,300$3,830$2,490
12 years$5,480$4,848$4,280$3,772$3,319$2,059
13 years$5,006$4,381$3,824$3,330$2,894$1,712
14 years$4,601$3,982$3,436$2,956$2,537$1,429
15 years$4,250$3,638$3,102$2,636$2,234$1,197
16 years$3,943$3,338$2,812$2,360$1,974$1,006
17 years$3,673$3,074$2,559$2,121$1,750$847
18 years$3,432$2,840$2,336$1,911$1,556$714
19 years$3,218$2,632$2,139$1,727$1,387$604
20 years$3,025$2,446$1,963$1,564$1,239$511
21 years$2,851$2,278$1,805$1,420$1,109$433
22 years$2,692$2,127$1,664$1,291$994$367
23 years$2,548$1,989$1,536$1,175$892$311
24 years$2,416$1,864$1,421$1,072$802$264
25 years$2,295$1,749$1,316$979$722$225
26 years$2,183$1,644$1,221$895$650$191
27 years$2,079$1,547$1,133$819$586$163
28 years$1,984$1,458$1,054$751$529$138
29 years$1,895$1,375$980$688$477$118
30 years$1,812$1,299$913$632$431$100
31 years$1,734$1,228$851$580$390$85
32 years$1,662$1,162$794$533$353$73
33 years$1,594$1,100$742$490$319$62
34 years$1,530$1,043$693$451$289$53
35 years$1,470$989$648$415$262$45
36 years$1,414$939$606$383$237$38
37 years$1,360$892$567$352$215$33
38 years$1,310$847$531$325$195$28
39 years$1,262$806$498$300$177$24
40 years$1,217$767$467$276$160$20
41 years$1,174$730$437$255$145$17
42 years$1,133$695$410$235$132$15
43 years$1,094$662$385$217$120$12
44 years$1,057$631$361$201$109$11
45 years$1,022$602$339$185$99$9
46 years$989$574$319$171$90$8
47 years$957$548$299$158$81$7
48 years$926$523$281$146$74$6
49 years$897$499$265$135$67$5
50 years$869$477$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $890,000, adding $2,185 every year, while hoping to spend $23,832 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: 52/20/28 Blend
41$890,000$890,000$890,000$890,000
42$983,034$935,864$922,069$1,026,327
43$1,057,946$956,364$927,601$1,077,151
44$1,139,701$977,070$932,520$1,129,825
45$1,228,971$997,967$936,780$1,186,657
46$1,326,496$1,019,038$940,332$1,248,053
47$1,433,093$1,040,264$943,127$1,314,462
48$1,549,657$1,061,627$945,111$1,386,380
49$1,677,179$1,083,103$946,229$1,464,352
50$1,816,746$1,104,670$946,423$1,548,979
51$1,969,557$1,126,301$945,630$1,640,926
52$2,136,930$1,147,969$943,787$1,740,924
53$2,320,320$1,169,642$940,827$1,849,781
54$2,521,326$1,191,288$936,678$1,968,384
55$2,741,711$1,212,871$931,267$2,097,717
56$2,983,417$1,234,352$924,515$2,238,861
57$3,248,581$1,255,691$916,342$2,393,009
58$3,539,559$1,276,843$906,663$2,561,477
59$3,858,945$1,297,759$895,387$2,745,714
60$4,209,596$1,318,388$882,421$2,947,322
61$4,594,660$1,338,675$867,668$3,168,064
62$5,017,605$1,358,560$851,024$3,409,885
63$5,482,251$1,377,979$832,383$3,674,929
64$5,992,805$1,396,864$811,633$3,965,562
65$6,553,904$1,415,143$788,655$4,284,390
66$7,170,654$1,432,737$763,327$4,634,289
67$7,848,683$1,449,564$735,521$5,018,428
68$8,594,190$1,465,533$705,102$5,440,302
69$9,414,003$1,480,551$671,929$5,903,764
70$10,315,649$1,494,515$635,856$6,413,064
71$11,307,418$1,507,319$596,729$6,972,884
72$12,398,443$1,518,846$554,388$7,588,388
73$13,598,789$1,528,975$508,666$8,265,270
74$14,919,545$1,537,574$459,386$9,009,806
75$16,372,930$1,544,506$406,366$9,828,916
76$17,972,405$1,549,623$349,415$10,730,228
77$19,732,803$1,552,768$288,334$11,722,151
78$21,670,469$1,553,774$222,913$12,813,956
79$23,803,413$1,552,464$152,936$14,015,864
80$26,151,477$1,548,650$78,175$15,339,141
81$28,736,527$1,542,134$0$16,796,205
82$31,582,656$1,532,702$0$18,401,229
83$34,716,414$1,520,131$0$20,193,778
84$38,167,053$1,504,182$0$22,167,187
85$41,966,808$1,484,603$0$24,339,872
86$46,151,200$1,461,127$0$26,732,133
87$50,759,370$1,433,468$0$29,366,337
88$55,834,445$1,401,329$0$32,267,137
89$61,423,954$1,364,389$0$35,461,698
90$67,580,266$1,322,313$0$38,979,961
91$74,361,090$1,274,743$0$42,854,920
92$81,830,020$1,221,304$0$47,122,935
93$90,057,129$1,161,594$0$51,824,077
94$99,119,637$1,095,194$0$57,002,508
95$109,102,636$1,021,655$0$62,706,894
96$120,099,895$940,505$0$68,990,868
97$132,214,740$851,247$0$75,913,535
98$145,561,037$753,351$0$83,540,033
99$160,264,258$646,260$0$91,942,144
100$176,462,672$529,387$0$101,198,978