Can I retire at age 42 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$75,973$75,296$74,636$73,991$73,362$71,734
2 years$37,610$36,910$36,231$35,573$34,934$33,303
3 years$24,824$24,121$23,444$22,792$22,164$20,580
4 years$18,433$17,731$17,061$16,420$15,807$14,283
5 years$14,599$13,902$13,240$12,612$12,017$10,555
6 years$12,044$11,352$10,700$10,086$9,508$8,112
7 years$10,219$9,533$8,892$8,292$7,733$6,402
8 years$8,852$8,172$7,541$6,956$6,415$5,150
9 years$7,788$7,115$6,495$5,925$5,402$4,201
10 years$6,938$6,271$5,662$5,108$4,603$3,465
11 years$6,243$5,583$4,985$4,445$3,959$2,882
12 years$5,664$5,011$4,424$3,899$3,431$2,413
13 years$5,175$4,529$3,953$3,442$2,992$2,032
14 years$4,756$4,116$3,552$3,056$2,622$1,719
15 years$4,393$3,760$3,207$2,725$2,309$1,459
16 years$4,076$3,450$2,907$2,440$2,041$1,242
17 years$3,796$3,177$2,645$2,192$1,809$1,061
18 years$3,548$2,936$2,415$1,976$1,609$907
19 years$3,326$2,721$2,211$1,785$1,434$778
20 years$3,127$2,529$2,029$1,617$1,281$668
21 years$2,947$2,355$1,866$1,467$1,146$574
22 years$2,783$2,199$1,720$1,334$1,027$494
23 years$2,634$2,056$1,588$1,215$922$426
24 years$2,497$1,927$1,469$1,108$829$367
25 years$2,372$1,808$1,360$1,012$746$316
26 years$2,256$1,699$1,262$925$672$273
27 years$2,150$1,599$1,172$847$606$236
28 years$2,050$1,507$1,089$776$547$204
29 years$1,958$1,422$1,014$712$494$176
30 years$1,873$1,343$944$653$446$152
31 years$1,793$1,269$880$600$403$132
32 years$1,718$1,201$821$551$365$114
33 years$1,648$1,137$767$507$330$99
34 years$1,582$1,078$716$466$299$85
35 years$1,520$1,022$670$429$271$74
36 years$1,461$970$627$395$245$64
37 years$1,406$922$586$364$222$55
38 years$1,354$876$549$336$202$48
39 years$1,305$833$515$310$183$42
40 years$1,258$792$482$286$166$36
41 years$1,213$754$452$264$150$31
42 years$1,171$718$424$243$136$27
43 years$1,131$684$398$224$124$23
44 years$1,093$652$374$207$112$20
45 years$1,057$622$351$191$102$18
46 years$1,022$593$330$177$93$15
47 years$989$566$310$163$84$13
48 years$957$541$291$151$76$11
49 years$927$516$273$140$69$10
50 years$898$493$257$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $920,000, adding $3,912 every year, while hoping to spend $29,854 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: 64/22/14 Blend
41$920,000$920,000$920,000$920,000
42$1,017,875$969,115$954,855$1,079,372
43$1,089,934$984,837$955,078$1,136,745
44$1,168,342$1,000,329$954,309$1,195,589
45$1,253,716$1,015,549$952,481$1,259,133
46$1,346,734$1,030,449$949,527$1,327,833
47$1,448,140$1,044,981$945,377$1,402,195
48$1,558,758$1,059,092$939,954$1,482,775
49$1,679,491$1,072,727$933,181$1,570,187
50$1,811,332$1,085,824$924,977$1,665,105
51$1,955,379$1,098,320$915,254$1,768,275
52$2,112,836$1,110,146$903,923$1,880,520
53$2,285,030$1,121,229$890,890$2,002,744
54$2,473,425$1,131,490$876,056$2,135,947
55$2,679,628$1,140,847$859,318$2,281,229
56$2,905,412$1,149,210$840,567$2,439,804
57$3,152,728$1,156,486$819,691$2,613,011
58$3,423,726$1,162,574$796,570$2,802,325
59$3,720,773$1,167,367$771,082$3,009,373
60$4,046,475$1,170,751$743,096$3,235,948
61$4,403,704$1,172,606$712,478$3,484,029
62$4,795,621$1,172,803$679,085$3,755,795
63$5,225,710$1,171,205$642,770$4,053,651
64$5,697,807$1,167,670$603,378$4,380,247
65$6,216,139$1,162,041$560,747$4,738,504
66$6,785,362$1,154,158$514,709$5,131,644
67$7,410,603$1,143,846$465,086$5,563,220
68$8,097,513$1,130,923$411,694$6,037,146
69$8,852,315$1,115,193$354,342$6,557,740
70$9,681,866$1,096,452$292,827$7,129,760
71$10,593,719$1,074,481$226,939$7,758,455
72$11,596,197$1,049,049$156,460$8,449,608
73$12,698,467$1,019,912$81,160$9,209,597
74$13,910,633$986,809$801$10,045,451
75$15,243,822$949,467$0$10,964,921
76$16,710,297$907,597$0$11,989,242
77$18,323,569$860,890$0$13,116,093
78$20,098,522$809,022$0$14,355,778
79$22,051,557$751,651$0$15,719,785
80$24,200,746$688,412$0$17,220,776
81$26,566,000$618,922$0$18,872,704
82$29,169,259$542,776$0$20,690,949
83$32,034,696$459,545$0$22,692,462
84$35,188,948$368,776$0$24,895,924
85$38,661,366$269,990$0$27,321,925
86$42,484,289$162,683$0$29,993,156
87$46,693,353$46,322$0$32,934,628
88$51,327,825$0$0$36,173,905
89$56,430,974$0$0$39,760,649
90$62,050,476$0$0$43,722,743
91$68,238,870$0$0$48,086,027
92$75,054,046$0$0$52,891,327
93$82,559,796$0$0$58,183,635
94$90,826,415$0$0$64,012,526
95$99,931,364$0$0$70,432,630
96$109,959,998$0$0$77,504,145
97$121,006,374$0$0$85,293,408
98$133,174,141$0$0$93,873,517
99$146,577,511$0$0$103,325,022
100$161,342,343$0$0$113,736,688