Can I retire at age 42 with 930,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$76,799$76,114$75,447$74,796$74,160$71,901
2 years$38,019$37,311$36,625$35,959$35,314$33,058
3 years$25,094$24,383$23,699$23,040$22,405$20,222
4 years$18,633$17,924$17,247$16,599$15,979$13,886
5 years$14,757$14,053$13,384$12,749$12,147$10,150
6 years$12,175$11,475$10,816$10,196$9,612$7,712
7 years$10,330$9,637$8,988$8,383$7,817$6,014
8 years$8,948$8,261$7,623$7,032$6,485$4,778
9 years$7,873$7,192$6,566$5,990$5,461$3,849
10 years$7,014$6,340$5,724$5,163$4,653$3,133
11 years$6,311$5,644$5,039$4,493$4,002$2,571
12 years$5,726$5,066$4,472$3,941$3,468$2,123
13 years$5,231$4,578$3,996$3,480$3,024$1,763
14 years$4,808$4,161$3,590$3,089$2,651$1,470
15 years$4,441$3,801$3,241$2,755$2,334$1,229
16 years$4,120$3,488$2,939$2,467$2,063$1,031
17 years$3,838$3,212$2,674$2,216$1,829$867
18 years$3,587$2,968$2,441$1,997$1,626$730
19 years$3,362$2,751$2,235$1,805$1,450$616
20 years$3,161$2,556$2,051$1,634$1,295$521
21 years$2,979$2,381$1,887$1,483$1,159$440
22 years$2,813$2,222$1,739$1,349$1,039$373
23 years$2,662$2,079$1,605$1,228$932$316
24 years$2,524$1,948$1,485$1,120$838$268
25 years$2,398$1,828$1,375$1,023$754$227
26 years$2,281$1,718$1,275$935$679$193
27 years$2,173$1,617$1,184$856$612$164
28 years$2,073$1,523$1,101$785$553$139
29 years$1,980$1,437$1,025$719$499$118
30 years$1,893$1,357$954$660$451$100
31 years$1,812$1,283$890$606$408$85
32 years$1,736$1,214$830$557$369$73
33 years$1,665$1,150$775$512$334$62
34 years$1,599$1,090$724$472$302$53
35 years$1,536$1,033$677$434$274$45
36 years$1,477$981$633$400$248$38
37 years$1,421$932$593$368$225$32
38 years$1,369$885$555$339$204$27
39 years$1,319$842$520$313$185$23
40 years$1,271$801$488$289$168$20
41 years$1,227$762$457$266$152$17
42 years$1,184$726$429$246$138$14
43 years$1,144$692$402$227$125$12
44 years$1,105$659$378$210$114$10
45 years$1,068$629$355$194$103$9
46 years$1,033$600$333$179$94$8
47 years$1,000$573$313$165$85$6
48 years$968$547$294$153$77$5
49 years$937$522$276$141$70$5
50 years$908$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $930,000, adding $6,089 every year, while hoping to spend $36,596 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: 31/45/24 Blend
41$930,000$930,000$930,000$930,000
42$1,031,141$981,851$967,436$1,055,316
43$1,097,379$991,024$960,907$1,083,446
44$1,169,148$999,419$952,933$1,110,024
45$1,246,971$1,006,961$943,427$1,137,891
46$1,331,427$1,013,568$932,297$1,167,181
47$1,423,152$1,019,152$919,448$1,198,048
48$1,522,845$1,023,621$904,780$1,230,662
49$1,631,273$1,026,877$888,189$1,265,213
50$1,749,284$1,028,815$869,564$1,301,915
51$1,877,808$1,029,324$848,792$1,341,003
52$2,017,870$1,028,286$825,751$1,382,743
53$2,170,596$1,025,576$800,318$1,427,429
54$2,337,228$1,021,060$772,359$1,475,391
55$2,519,131$1,014,598$741,739$1,526,994
56$2,717,809$1,006,040$708,314$1,582,645
57$2,934,916$995,226$671,933$1,642,798
58$3,172,275$981,990$632,440$1,707,957
59$3,431,891$966,151$589,671$1,778,683
60$3,715,974$947,522$543,455$1,855,598
61$4,026,955$925,902$493,612$1,939,395
62$4,367,512$901,080$439,956$2,030,842
63$4,740,595$872,830$382,292$2,130,793
64$5,149,452$840,914$320,415$2,240,194
65$5,597,660$805,083$254,113$2,360,096
66$6,089,158$765,069$183,162$2,491,664
67$6,628,287$720,592$107,332$2,636,191
68$7,219,824$671,353$26,380$2,795,109
69$7,869,035$617,038$0$2,970,005
70$8,581,718$557,314$0$3,178,005
71$9,364,261$491,831$0$3,413,898
72$10,223,701$420,215$0$3,673,149
73$11,167,788$342,076$0$3,958,221
74$12,205,063$256,998$0$4,271,834
75$13,344,931$164,543$0$4,616,994
76$14,597,757$64,248$0$4,997,024
77$15,974,958$0$0$5,415,593
78$17,489,113$0$0$5,898,726
79$19,154,080$0$0$6,465,121
80$20,985,128$0$0$7,088,177
81$22,999,078$0$0$7,773,638
82$25,214,465$0$0$8,527,835
83$27,651,711$0$0$9,357,740
84$30,333,315$0$0$10,271,037
85$33,284,068$0$0$11,276,194
86$36,531,285$0$0$12,382,537
87$40,105,065$0$0$13,600,347
88$44,038,569$0$0$14,940,950
89$48,368,338$0$0$16,416,826
90$53,134,635$0$0$18,041,725
91$58,381,826$0$0$19,830,801
92$64,158,795$0$0$21,800,751
93$70,519,409$0$0$23,969,973
94$77,523,022$0$0$26,358,740
95$85,235,039$0$0$28,989,392
96$93,727,528$0$0$31,886,545
97$103,079,905$0$0$35,077,325
98$113,379,678$0$0$38,591,623
99$124,723,274$0$0$42,462,377
100$137,216,952$0$0$46,725,881