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%12.3%
1 years$76,799$76,114$75,447$74,796$74,160$73,446
2 years$38,019$37,311$36,625$35,959$35,314$34,595
3 years$25,094$24,383$23,699$23,040$22,405$21,703
4 years$18,633$17,924$17,247$16,599$15,979$15,300
5 years$14,757$14,053$13,384$12,749$12,147$11,492
6 years$12,175$11,475$10,816$10,196$9,612$8,982
7 years$10,330$9,637$8,988$8,383$7,817$7,213
8 years$8,948$8,261$7,623$7,032$6,485$5,906
9 years$7,873$7,192$6,566$5,990$5,461$4,908
10 years$7,014$6,340$5,724$5,163$4,653$4,125
11 years$6,311$5,644$5,039$4,493$4,002$3,498
12 years$5,726$5,066$4,472$3,941$3,468$2,988
13 years$5,231$4,578$3,996$3,480$3,024$2,568
14 years$4,808$4,161$3,590$3,089$2,651$2,218
15 years$4,441$3,801$3,241$2,755$2,334$1,923
16 years$4,120$3,488$2,939$2,467$2,063$1,673
17 years$3,838$3,212$2,674$2,216$1,829$1,460
18 years$3,587$2,968$2,441$1,997$1,626$1,278
19 years$3,362$2,751$2,235$1,805$1,450$1,121
20 years$3,161$2,556$2,051$1,634$1,295$984
21 years$2,979$2,381$1,887$1,483$1,159$866
22 years$2,813$2,222$1,739$1,349$1,039$763
23 years$2,662$2,079$1,605$1,228$932$674
24 years$2,524$1,948$1,485$1,120$838$595
25 years$2,398$1,828$1,375$1,023$754$526
26 years$2,281$1,718$1,275$935$679$465
27 years$2,173$1,617$1,184$856$612$412
28 years$2,073$1,523$1,101$785$553$365
29 years$1,980$1,437$1,025$719$499$324
30 years$1,893$1,357$954$660$451$287
31 years$1,812$1,283$890$606$408$255
32 years$1,736$1,214$830$557$369$226
33 years$1,665$1,150$775$512$334$201
34 years$1,599$1,090$724$472$302$178
35 years$1,536$1,033$677$434$274$159
36 years$1,477$981$633$400$248$141
37 years$1,421$932$593$368$225$125
38 years$1,369$885$555$339$204$111
39 years$1,319$842$520$313$185$99
40 years$1,271$801$488$289$168$88
41 years$1,227$762$457$266$152$78
42 years$1,184$726$429$246$138$70
43 years$1,144$692$402$227$125$62
44 years$1,105$659$378$210$114$55
45 years$1,068$629$355$194$103$49
46 years$1,033$600$333$179$94$44
47 years$1,000$573$313$165$85$39
48 years$968$547$294$153$77$35
49 years$937$522$276$141$70$31
50 years$908$499$260$130$64$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $930,000, adding $2,065 every year, while hoping to spend $42,958 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: 60/14/26 Blend
41$930,000$930,000$930,000$930,000
42$1,026,990$977,700$963,285$1,081,312
43$1,086,036$979,900$949,848$1,120,738
44$1,149,665$980,769$934,521$1,158,929
45$1,218,299$980,195$917,196$1,199,684
46$1,292,402$978,060$897,758$1,243,262
47$1,372,483$974,241$876,089$1,289,949
48$1,459,102$968,605$852,064$1,340,063
49$1,552,875$961,012$825,553$1,393,956
50$1,654,479$951,312$796,420$1,452,017
51$1,764,658$939,348$764,522$1,514,676
52$1,884,229$924,953$729,710$1,582,410
53$2,014,094$907,948$691,828$1,655,746
54$2,155,242$888,148$650,714$1,735,268
55$2,308,761$865,352$606,198$1,821,621
56$2,475,850$839,350$558,102$1,915,518
57$2,657,828$809,919$506,239$2,017,749
58$2,856,145$776,824$450,417$2,129,186
59$3,072,398$739,814$390,431$2,250,795
60$3,308,344$698,626$326,072$2,383,641
61$3,565,916$652,980$257,117$2,528,903
62$3,847,245$602,582$183,336$2,687,884
63$4,154,675$547,119$104,488$2,862,022
64$4,490,784$486,260$20,321$3,052,910
65$4,858,416$419,659$0$3,262,302
66$5,260,697$346,945$0$3,511,422
67$5,701,073$267,730$0$3,790,401
68$6,183,336$181,602$0$4,096,043
69$6,711,664$88,129$0$4,431,046
70$7,290,657$0$0$4,798,383
71$7,925,381$0$0$5,203,359
72$8,621,415$0$0$5,662,414
73$9,384,906$0$0$6,166,035
74$10,222,622$0$0$6,718,696
75$11,142,020$0$0$7,325,326
76$12,151,311$0$0$7,991,354
77$13,259,544$0$0$8,722,760
78$14,476,684$0$0$9,526,133
79$15,813,710$0$0$10,408,729
80$17,282,714$0$0$11,378,545
81$18,897,021$0$0$12,444,388
82$20,671,309$0$0$13,615,962
83$22,621,748$0$0$14,903,958
84$24,766,154$0$0$16,320,152
85$27,124,154$0$0$17,877,522
86$29,717,373$0$0$19,590,364
87$32,569,638$0$0$21,474,431
88$35,707,198$0$0$23,547,076
89$39,158,976$0$0$25,827,422
90$42,956,839$0$0$28,336,538
91$47,135,899$0$0$31,097,636
92$51,734,843$0$0$34,136,297
93$56,796,298$0$0$37,480,702
94$62,367,234$0$0$41,161,904
95$68,499,403$0$0$45,214,122
96$75,249,831$0$0$49,675,058
97$82,681,353$0$0$54,586,256
98$90,863,204$0$0$59,993,493
99$99,871,678$0$0$65,947,210
100$109,790,840$0$0$72,502,990