Can I retire at age 42 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$75,147$74,478$73,825$73,187$72,565$69,741
2 years$37,201$36,509$35,837$35,186$34,555$31,744
3 years$24,555$23,859$23,189$22,544$21,923$19,213
4 years$18,232$17,539$16,876$16,242$15,636$13,048
5 years$14,440$13,751$13,096$12,475$11,886$9,427
6 years$11,913$11,228$10,584$9,977$9,405$7,077
7 years$10,108$9,430$8,795$8,202$7,649$5,450
8 years$8,755$8,083$7,459$6,881$6,345$4,274
9 years$7,704$7,038$6,424$5,861$5,344$3,397
10 years$6,863$6,203$5,601$5,052$4,553$2,727
11 years$6,175$5,522$4,931$4,397$3,916$2,206
12 years$5,603$4,957$4,376$3,857$3,393$1,795
13 years$5,119$4,479$3,910$3,405$2,959$1,468
14 years$4,704$4,072$3,513$3,022$2,594$1,205
15 years$4,345$3,719$3,172$2,695$2,284$993
16 years$4,032$3,413$2,876$2,413$2,019$820
17 years$3,755$3,143$2,617$2,168$1,790$678
18 years$3,510$2,904$2,389$1,954$1,591$562
19 years$3,290$2,692$2,187$1,766$1,418$466
20 years$3,093$2,501$2,007$1,599$1,267$387
21 years$2,915$2,330$1,846$1,451$1,134$322
22 years$2,753$2,175$1,701$1,320$1,016$268
23 years$2,605$2,034$1,571$1,202$912$223
24 years$2,470$1,906$1,453$1,096$820$186
25 years$2,346$1,788$1,346$1,001$738$155
26 years$2,232$1,681$1,248$915$665$129
27 years$2,126$1,582$1,159$838$599$108
28 years$2,028$1,491$1,077$768$541$90
29 years$1,937$1,406$1,003$704$488$75
30 years$1,852$1,328$934$646$441$63
31 years$1,773$1,255$871$593$399$52
32 years$1,699$1,188$812$545$361$44
33 years$1,630$1,125$758$501$326$36
34 years$1,564$1,066$709$461$296$30
35 years$1,503$1,011$662$425$268$25
36 years$1,445$960$620$391$243$21
37 years$1,391$912$580$360$220$18
38 years$1,339$866$543$332$199$15
39 years$1,290$824$509$306$181$12
40 years$1,244$784$477$283$164$10
41 years$1,200$746$447$261$149$9
42 years$1,159$711$420$241$135$7
43 years$1,119$677$394$222$122$6
44 years$1,081$645$370$205$111$5
45 years$1,045$615$347$189$101$4
46 years$1,011$587$326$175$92$4
47 years$978$560$306$162$83$3
48 years$947$535$288$149$76$2
49 years$917$511$270$138$69$2
50 years$888$488$254$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $910,000, adding $4,822 every year, while hoping to spend $59,384 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: 57/15/28 Blend
41$910,000$910,000$910,000$910,000
42$1,007,794$959,564$945,459$1,057,248
43$1,047,405$943,398$913,948$1,075,569
44$1,089,066$924,451$879,390$1,088,906
45$1,132,923$902,521$841,623$1,102,228
46$1,179,136$877,400$800,472$1,115,554
47$1,227,878$848,863$755,758$1,128,905
48$1,279,339$816,674$707,294$1,142,309
49$1,333,725$780,585$654,881$1,155,799
50$1,391,261$740,329$598,316$1,169,416
51$1,452,193$695,628$537,382$1,183,208
52$1,516,789$646,186$471,857$1,197,233
53$1,585,342$591,691$401,505$1,211,557
54$1,658,174$531,810$326,082$1,226,261
55$1,735,635$466,197$245,334$1,241,436
56$1,818,110$394,480$158,992$1,257,188
57$1,906,019$316,271$66,780$1,273,639
58$1,999,821$231,157$0$1,290,930
59$2,100,022$138,703$0$1,318,671
60$2,207,175$38,450$0$1,369,502
61$2,321,885$0$0$1,423,754
62$2,444,818$0$0$1,493,333
63$2,576,702$0$0$1,574,840
64$2,718,337$0$0$1,662,431
65$2,870,601$0$0$1,756,654
66$3,034,458$0$0$1,858,116
67$3,210,968$0$0$1,967,478
68$3,401,291$0$0$2,085,470
69$3,606,706$0$0$2,212,892
70$3,828,616$0$0$2,350,624
71$4,068,562$0$0$2,499,634
72$4,328,239$0$0$2,660,984
73$4,609,511$0$0$2,835,843
74$4,914,427$0$0$3,025,496
75$5,245,238$0$0$3,231,356
76$5,604,422$0$0$3,454,978
77$5,994,705$0$0$3,698,070
78$6,419,083$0$0$3,962,515
79$6,880,855$0$0$4,250,381
80$7,383,649$0$0$4,563,945
81$7,931,457$0$0$4,905,714
82$8,528,675$0$0$5,278,445
83$9,180,137$0$0$5,685,174
84$9,891,167$0$0$6,129,241
85$10,667,623$0$0$6,614,325
86$11,515,956$0$0$7,144,474
87$12,443,266$0$0$7,724,146
88$13,457,372$0$0$8,358,249
89$14,566,880$0$0$9,052,188
90$15,781,270$0$0$9,811,912
91$17,110,977$0$0$10,643,975
92$18,567,494$0$0$11,555,592
93$20,163,479$0$0$12,554,711
94$21,912,871$0$0$13,650,085
95$23,831,021$0$0$14,851,352
96$25,934,839$0$0$16,169,131
97$28,242,946$0$0$17,615,116
98$30,775,858$0$0$19,202,189
99$33,556,169$0$0$20,944,538
100$36,608,768$0$0$22,857,795