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%18.5%
1 years$73,495$72,841$72,202$71,579$70,970$68,534
2 years$36,384$35,706$35,050$34,413$33,795$31,365
3 years$24,015$23,334$22,679$22,049$21,441$19,094
4 years$17,832$17,153$16,505$15,885$15,292$13,046
5 years$14,123$13,448$12,808$12,201$11,625$9,486
6 years$11,651$10,982$10,351$9,757$9,198$7,167
7 years$9,886$9,222$8,602$8,022$7,481$5,558
8 years$8,563$7,905$7,295$6,729$6,206$4,390
9 years$7,534$6,883$6,283$5,732$5,226$3,515
10 years$6,712$6,067$5,478$4,941$4,453$2,843
11 years$6,040$5,401$4,823$4,300$3,830$2,318
12 years$5,480$4,848$4,280$3,772$3,319$1,902
13 years$5,006$4,381$3,824$3,330$2,894$1,568
14 years$4,601$3,982$3,436$2,956$2,537$1,298
15 years$4,250$3,638$3,102$2,636$2,234$1,078
16 years$3,943$3,338$2,812$2,360$1,974$898
17 years$3,673$3,074$2,559$2,121$1,750$750
18 years$3,432$2,840$2,336$1,911$1,556$627
19 years$3,218$2,632$2,139$1,727$1,387$525
20 years$3,025$2,446$1,963$1,564$1,239$440
21 years$2,851$2,278$1,805$1,420$1,109$369
22 years$2,692$2,127$1,664$1,291$994$310
23 years$2,548$1,989$1,536$1,175$892$261
24 years$2,416$1,864$1,421$1,072$802$219
25 years$2,295$1,749$1,316$979$722$185
26 years$2,183$1,644$1,221$895$650$155
27 years$2,079$1,547$1,133$819$586$131
28 years$1,984$1,458$1,054$751$529$110
29 years$1,895$1,375$980$688$477$93
30 years$1,812$1,299$913$632$431$78
31 years$1,734$1,228$851$580$390$66
32 years$1,662$1,162$794$533$353$56
33 years$1,594$1,100$742$490$319$47
34 years$1,530$1,043$693$451$289$40
35 years$1,470$989$648$415$262$33
36 years$1,414$939$606$383$237$28
37 years$1,360$892$567$352$215$24
38 years$1,310$847$531$325$195$20
39 years$1,262$806$498$300$177$17
40 years$1,217$767$467$276$160$14
41 years$1,174$730$437$255$145$12
42 years$1,133$695$410$235$132$10
43 years$1,094$662$385$217$120$9
44 years$1,057$631$361$201$109$7
45 years$1,022$602$339$185$99$6
46 years$989$574$319$171$90$5
47 years$957$548$299$158$81$4
48 years$926$523$281$146$74$4
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $890,000, adding $5,302 every year, while hoping to spend $52,972 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: 88/6/6 Blend
41$890,000$890,000$890,000$890,000
42$986,249$939,079$925,284$1,072,389
43$1,030,485$928,732$899,919$1,118,919
44$1,077,457$916,103$871,929$1,162,109
45$1,127,389$901,023$841,170$1,207,848
46$1,180,525$883,316$807,492$1,256,353
47$1,237,133$862,792$770,737$1,307,862
48$1,297,504$839,253$730,741$1,362,637
49$1,361,961$812,488$687,332$1,420,964
50$1,430,853$782,272$640,330$1,483,159
51$1,504,566$748,370$589,547$1,549,570
52$1,583,523$710,531$534,788$1,620,577
53$1,668,187$668,491$475,848$1,696,602
54$1,759,065$621,970$412,512$1,778,106
55$1,856,715$570,673$344,557$1,865,597
56$1,961,750$514,286$271,749$1,959,636
57$2,074,842$452,479$193,846$2,060,839
58$2,196,728$384,902$110,592$2,169,883
59$2,328,220$311,188$21,722$2,287,515
60$2,470,207$230,945$0$2,414,559
61$2,623,670$143,763$0$2,556,599
62$2,789,682$49,206$0$2,711,742
63$2,969,428$0$0$2,879,712
64$3,164,206$0$0$3,065,252
65$3,375,447$0$0$3,270,002
66$3,604,722$0$0$3,492,237
67$3,853,759$0$0$3,733,634
68$4,124,461$0$0$3,996,037
69$4,418,920$0$0$4,281,474
70$4,739,436$0$0$4,592,178
71$5,088,544$0$0$4,930,605
72$5,469,030$0$0$5,299,457
73$5,883,962$0$0$5,701,709
74$6,336,714$0$0$6,140,634
75$6,831,004$0$0$6,619,837
76$7,370,922$0$0$7,143,283
77$7,960,971$0$0$7,715,339
78$8,606,109$0$0$8,340,814
79$9,311,794$0$0$9,025,000
80$10,084,036$0$0$9,773,725
81$10,929,454$0$0$10,593,409
82$11,855,335$0$0$11,491,117
83$12,869,705$0$0$12,474,633
84$13,981,403$0$0$13,552,527
85$15,200,161$0$0$14,734,238
86$16,536,702$0$0$16,030,164
87$18,002,833$0$0$17,451,756
88$19,611,559$0$0$19,011,624
89$21,377,208$0$0$20,723,663
90$23,315,558$0$0$22,603,174
91$25,443,994$0$0$24,667,015
92$27,781,663$0$0$26,933,755
93$30,349,659$0$0$29,423,849
94$33,171,220$0$0$32,159,833
95$36,271,946$0$0$35,166,532
96$39,680,039$0$0$38,471,296
97$43,426,572$0$0$42,104,255
98$47,545,774$0$0$46,098,606
99$52,075,361$0$0$50,490,923
100$57,056,883$0$0$55,321,498