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%13.1%
1 years$75,973$75,296$74,636$73,991$73,362$72,415
2 years$37,610$36,910$36,231$35,573$34,934$33,982
3 years$24,824$24,121$23,444$22,792$22,164$21,235
4 years$18,433$17,731$17,061$16,420$15,807$14,910
5 years$14,599$13,902$13,240$12,612$12,017$11,153
6 years$12,044$11,352$10,700$10,086$9,508$8,679
7 years$10,219$9,533$8,892$8,292$7,733$6,938
8 years$8,852$8,172$7,541$6,956$6,415$5,656
9 years$7,788$7,115$6,495$5,925$5,402$4,678
10 years$6,938$6,271$5,662$5,108$4,603$3,912
11 years$6,243$5,583$4,985$4,445$3,959$3,301
12 years$5,664$5,011$4,424$3,899$3,431$2,806
13 years$5,175$4,529$3,953$3,442$2,992$2,399
14 years$4,756$4,116$3,552$3,056$2,622$2,061
15 years$4,393$3,760$3,207$2,725$2,309$1,777
16 years$4,076$3,450$2,907$2,440$2,041$1,538
17 years$3,796$3,177$2,645$2,192$1,809$1,335
18 years$3,548$2,936$2,415$1,976$1,609$1,161
19 years$3,326$2,721$2,211$1,785$1,434$1,012
20 years$3,127$2,529$2,029$1,617$1,281$884
21 years$2,947$2,355$1,866$1,467$1,146$773
22 years$2,783$2,199$1,720$1,334$1,027$677
23 years$2,634$2,056$1,588$1,215$922$594
24 years$2,497$1,927$1,469$1,108$829$521
25 years$2,372$1,808$1,360$1,012$746$458
26 years$2,256$1,699$1,262$925$672$403
27 years$2,150$1,599$1,172$847$606$354
28 years$2,050$1,507$1,089$776$547$312
29 years$1,958$1,422$1,014$712$494$275
30 years$1,873$1,343$944$653$446$242
31 years$1,793$1,269$880$600$403$214
32 years$1,718$1,201$821$551$365$188
33 years$1,648$1,137$767$507$330$166
34 years$1,582$1,078$716$466$299$147
35 years$1,520$1,022$670$429$271$129
36 years$1,461$970$627$395$245$114
37 years$1,406$922$586$364$222$101
38 years$1,354$876$549$336$202$89
39 years$1,305$833$515$310$183$79
40 years$1,258$792$482$286$166$69
41 years$1,213$754$452$264$150$61
42 years$1,171$718$424$243$136$54
43 years$1,131$684$398$224$124$48
44 years$1,093$652$374$207$112$42
45 years$1,057$622$351$191$102$37
46 years$1,022$593$330$177$93$33
47 years$989$566$310$163$84$29
48 years$957$541$291$151$76$26
49 years$927$516$273$140$69$23
50 years$898$493$257$129$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $920,000, adding $5,615 every year, while hoping to spend $45,480 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: 64/30/6 Blend
41$920,000$920,000$920,000$920,000
42$1,019,632$970,872$956,612$1,083,504
43$1,075,244$970,054$940,268$1,125,898
44$1,135,004$967,672$921,852$1,166,279
45$1,199,288$963,601$901,247$1,209,187
46$1,268,506$957,709$878,330$1,254,863
47$1,343,112$949,855$852,973$1,303,574
48$1,423,602$939,890$825,040$1,355,615
49$1,510,522$927,658$794,391$1,411,314
50$1,604,472$912,989$760,880$1,471,031
51$1,706,111$895,709$724,352$1,535,167
52$1,816,163$875,628$684,647$1,604,164
53$1,935,426$852,547$641,597$1,678,510
54$2,064,775$826,258$595,026$1,758,746
55$2,205,174$796,536$544,751$1,845,471
56$2,357,681$763,146$490,580$1,939,346
57$2,523,463$725,839$432,313$2,041,102
58$2,703,802$684,351$369,741$2,151,548
59$2,900,109$638,402$302,646$2,271,577
60$3,113,934$587,699$230,799$2,402,178
61$3,346,988$531,928$153,963$2,544,442
62$3,601,149$470,761$71,889$2,699,577
63$3,878,487$403,849$0$2,868,915
64$4,181,278$330,823$0$3,054,937
65$4,512,031$251,296$0$3,263,241
66$4,873,505$164,856$0$3,491,039
67$5,268,739$71,070$0$3,740,337
68$5,701,078$0$0$4,013,351
69$6,174,205$0$0$4,322,601
70$6,692,177$0$0$4,686,910
71$7,259,461$0$0$5,085,966
72$7,880,976$0$0$5,523,238
73$8,562,138$0$0$6,002,543
74$9,308,913$0$0$6,528,090
75$10,127,873$0$0$7,104,511
76$11,026,255$0$0$7,736,910
77$12,012,030$0$0$8,430,907
78$13,093,978$0$0$9,192,693
79$14,281,771$0$0$10,029,090
80$15,586,064$0$0$10,947,610
81$17,018,593$0$0$11,956,529
82$18,592,287$0$0$13,064,964
83$20,321,388$0$0$14,282,958
84$22,221,586$0$0$15,621,577
85$24,310,169$0$0$17,093,010
86$26,606,180$0$0$18,710,688
87$29,130,599$0$0$20,489,406
88$31,906,543$0$0$22,445,465
89$34,959,478$0$0$24,596,825
90$38,317,465$0$0$26,963,275
91$42,011,418$0$0$29,566,617
92$46,075,400$0$0$32,430,871
93$50,546,941$0$0$35,582,506
94$55,467,392$0$0$39,050,684
95$60,882,316$0$0$42,867,537
96$66,841,916$0$0$47,068,469
97$73,401,507$0$0$51,692,493
98$80,622,041$0$0$56,782,594
99$88,570,677$0$0$62,386,134
100$97,321,417$0$0$68,555,305