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%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 $4,670 every year, while hoping to spend $43,744 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: 21/50/29 Blend
41$930,000$930,000$930,000$930,000
42$1,029,677$980,387$965,972$1,041,749
43$1,088,161$981,883$951,789$1,054,675
44$1,151,144$981,986$935,664$1,064,553
45$1,219,039$980,581$917,488$1,074,165
46$1,292,299$977,548$897,142$1,083,517
47$1,371,423$972,757$874,505$1,092,620
48$1,456,958$966,072$849,451$1,101,491
49$1,549,505$957,347$821,845$1,110,153
50$1,649,726$946,429$791,548$1,118,638
51$1,758,348$933,154$758,415$1,126,983
52$1,876,171$917,349$722,293$1,135,238
53$2,004,073$898,832$683,023$1,143,463
54$2,143,022$877,408$640,437$1,151,730
55$2,294,081$852,873$594,363$1,160,125
56$2,458,422$825,008$544,619$1,168,750
57$2,637,331$793,583$491,014$1,177,727
58$2,832,226$758,356$433,349$1,187,196
59$3,044,665$719,067$371,419$1,197,320
60$3,276,365$675,446$305,006$1,208,290
61$3,529,214$627,203$233,883$1,220,322
62$3,805,292$574,034$157,817$1,233,669
63$4,106,887$515,616$76,558$1,248,617
64$4,436,518$451,610$0$1,265,494
65$4,796,960$381,656$0$1,287,816
66$5,191,266$305,374$0$1,338,348
67$5,622,800$222,361$0$1,393,943
68$6,095,263$132,195$0$1,455,235
69$6,612,735$34,427$0$1,522,932
70$7,179,705$0$0$1,597,824
71$7,801,118$0$0$1,720,087
72$8,482,422$0$0$1,875,069
73$9,229,615$0$0$2,045,214
74$10,049,304$0$0$2,232,050
75$10,948,767$0$0$2,437,256
76$11,936,020$0$0$2,662,686
77$13,019,893$0$0$2,910,380
78$14,210,112$0$0$3,182,586
79$15,517,393$0$0$3,481,781
80$16,953,538$0$0$3,810,692
81$18,531,552$0$0$4,172,326
82$20,265,758$0$0$4,569,994
83$22,171,939$0$0$5,007,346
84$24,267,482$0$0$5,488,400
85$26,571,541$0$0$6,017,587
86$29,105,221$0$0$6,599,785
87$31,891,772$0$0$7,240,373
88$34,956,813$0$0$7,945,274
89$38,328,569$0$0$8,721,017
90$42,038,138$0$0$9,574,792
91$46,119,785$0$0$10,514,526
92$50,611,263$0$0$11,548,951
93$55,554,170$0$0$12,687,688
94$60,994,342$0$0$13,941,340
95$66,982,280$0$0$15,321,588
96$73,573,634$0$0$16,841,307
97$80,829,720$0$0$18,514,679
98$88,818,101$0$0$20,357,336
99$97,613,225$0$0$22,386,500
100$107,297,125$0$0$24,621,148