Can I retire at age 42 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$76,799$76,114$75,447$74,796$74,160$73,538
2 years$38,019$37,311$36,625$35,959$35,314$34,688
3 years$25,094$24,383$23,699$23,040$22,405$21,793
4 years$18,633$17,924$17,247$16,599$15,979$15,387
5 years$14,757$14,053$13,384$12,749$12,147$11,576
6 years$12,175$11,475$10,816$10,196$9,612$9,062
7 years$10,330$9,637$8,988$8,383$7,817$7,289
8 years$8,948$8,261$7,623$7,032$6,485$5,979
9 years$7,873$7,192$6,566$5,990$5,461$4,977
10 years$7,014$6,340$5,724$5,163$4,653$4,191
11 years$6,311$5,644$5,039$4,493$4,002$3,560
12 years$5,726$5,066$4,472$3,941$3,468$3,047
13 years$5,231$4,578$3,996$3,480$3,024$2,624
14 years$4,808$4,161$3,590$3,089$2,651$2,270
15 years$4,441$3,801$3,241$2,755$2,334$1,973
16 years$4,120$3,488$2,939$2,467$2,063$1,720
17 years$3,838$3,212$2,674$2,216$1,829$1,504
18 years$3,587$2,968$2,441$1,997$1,626$1,319
19 years$3,362$2,751$2,235$1,805$1,450$1,159
20 years$3,161$2,556$2,051$1,634$1,295$1,021
21 years$2,979$2,381$1,887$1,483$1,159$900
22 years$2,813$2,222$1,739$1,349$1,039$795
23 years$2,662$2,079$1,605$1,228$932$703
24 years$2,524$1,948$1,485$1,120$838$622
25 years$2,398$1,828$1,375$1,023$754$552
26 years$2,281$1,718$1,275$935$679$489
27 years$2,173$1,617$1,184$856$612$434
28 years$2,073$1,523$1,101$785$553$386
29 years$1,980$1,437$1,025$719$499$343
30 years$1,893$1,357$954$660$451$305
31 years$1,812$1,283$890$606$408$271
32 years$1,736$1,214$830$557$369$241
33 years$1,665$1,150$775$512$334$215
34 years$1,599$1,090$724$472$302$191
35 years$1,536$1,033$677$434$274$170
36 years$1,477$981$633$400$248$152
37 years$1,421$932$593$368$225$135
38 years$1,369$885$555$339$204$121
39 years$1,319$842$520$313$185$108
40 years$1,271$801$488$289$168$96
41 years$1,227$762$457$266$152$85
42 years$1,184$726$429$246$138$76
43 years$1,144$692$402$227$125$68
44 years$1,105$659$378$210$114$61
45 years$1,068$629$355$194$103$54
46 years$1,033$600$333$179$94$48
47 years$1,000$573$313$165$85$43
48 years$968$547$294$153$77$38
49 years$937$522$276$141$70$34
50 years$908$499$260$130$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $930,000, adding $5,718 every year, while hoping to spend $24,363 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: 50/38/12 Blend
41$930,000$930,000$930,000$930,000
42$1,030,758$981,468$967,053$1,078,680
43$1,109,973$1,003,638$973,527$1,134,311
44$1,196,452$1,026,078$979,402$1,191,695
45$1,290,909$1,048,775$984,631$1,253,499
46$1,394,132$1,071,715$989,167$1,320,145
47$1,506,988$1,094,883$992,958$1,392,100
48$1,630,431$1,118,262$995,952$1,469,876
49$1,765,511$1,141,833$998,092$1,554,037
50$1,913,386$1,165,576$999,321$1,645,205
51$2,075,329$1,189,467$999,577$1,744,066
52$2,252,745$1,213,483$998,794$1,851,375
53$2,447,177$1,237,596$996,906$1,967,964
54$2,660,328$1,261,777$993,841$2,094,751
55$2,894,072$1,285,994$989,525$2,232,747
56$3,150,472$1,310,214$983,880$2,383,065
57$3,431,804$1,334,398$976,823$2,546,934
58$3,740,571$1,358,506$968,270$2,725,707
59$4,079,532$1,382,496$958,130$2,920,875
60$4,451,726$1,406,320$946,309$3,134,084
61$4,860,500$1,429,928$932,708$3,367,144
62$5,309,543$1,453,265$917,225$3,622,054
63$5,802,915$1,476,274$899,752$3,901,016
64$6,345,094$1,498,893$880,174$4,206,456
65$6,941,008$1,521,053$858,375$4,541,050
66$7,596,090$1,542,684$834,230$4,907,747
67$8,316,324$1,563,709$807,609$5,309,798
68$9,108,303$1,584,044$778,378$5,750,786
69$9,979,291$1,603,604$746,395$6,234,661
70$10,937,291$1,622,292$711,511$6,765,777
71$11,991,120$1,640,010$673,573$7,348,934
72$13,150,494$1,656,651$632,417$7,989,421
73$14,426,118$1,672,099$587,876$8,693,072
74$15,829,784$1,686,234$539,772$9,466,313
75$17,374,488$1,698,926$487,921$10,316,231
76$19,074,550$1,710,038$432,130$11,250,637
77$20,945,745$1,719,421$372,198$12,278,141
78$23,005,459$1,726,920$307,914$13,408,232
79$25,272,845$1,732,369$239,059$14,651,373
80$27,769,012$1,735,591$165,403$16,019,094
81$30,517,214$1,736,398$86,708$17,524,105
82$33,543,080$1,734,592$2,722$19,180,417
83$36,874,848$1,729,960$0$21,003,471
84$40,543,632$1,722,278$0$23,021,418
85$44,583,720$1,711,307$0$25,242,987
86$49,032,893$1,696,795$0$27,688,545
87$53,932,784$1,678,473$0$30,380,925
88$59,329,267$1,656,057$0$33,345,291
89$65,272,894$1,629,246$0$36,609,376
90$71,819,371$1,597,721$0$40,203,747
91$79,030,080$1,561,143$0$44,162,090
92$86,972,664$1,519,155$0$48,521,534
93$95,721,659$1,471,376$0$53,322,997
94$105,359,201$1,417,407$0$58,611,576
95$115,975,802$1,356,822$0$64,436,972
96$127,671,200$1,289,173$0$70,853,964
97$140,555,304$1,213,983$0$77,922,920
98$154,749,227$1,130,751$0$85,710,374
99$170,386,435$1,038,945$0$94,289,653
100$187,614,001$938,003$0$103,741,571