Can I retire at age 42 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$77,624$76,933$76,258$75,600$74,957$72,154
2 years$38,428$37,712$37,019$36,346$35,694$32,902
3 years$25,364$24,645$23,953$23,287$22,646$19,953
4 years$18,834$18,117$17,432$16,777$16,151$13,578
5 years$14,916$14,204$13,528$12,886$12,278$9,830
6 years$12,305$11,599$10,933$10,305$9,715$7,396
7 years$10,441$9,740$9,085$8,473$7,901$5,709
8 years$9,044$8,349$7,705$7,108$6,555$4,488
9 years$7,958$7,270$6,636$6,054$5,520$3,575
10 years$7,089$6,408$5,786$5,219$4,703$2,877
11 years$6,379$5,704$5,094$4,542$4,045$2,334
12 years$5,788$5,120$4,520$3,984$3,505$1,905
13 years$5,288$4,627$4,039$3,517$3,057$1,562
14 years$4,859$4,206$3,629$3,122$2,679$1,286
15 years$4,489$3,842$3,276$2,784$2,359$1,062
16 years$4,165$3,525$2,970$2,493$2,085$879
17 years$3,879$3,246$2,703$2,240$1,849$730
18 years$3,625$3,000$2,467$2,019$1,644$606
19 years$3,399$2,780$2,259$1,824$1,465$505
20 years$3,195$2,584$2,073$1,652$1,309$421
21 years$3,011$2,406$1,907$1,499$1,171$351
22 years$2,843$2,246$1,757$1,363$1,050$293
23 years$2,691$2,101$1,623$1,242$942$245
24 years$2,552$1,968$1,501$1,132$847$205
25 years$2,423$1,847$1,390$1,034$762$171
26 years$2,305$1,736$1,289$946$687$143
27 years$2,196$1,634$1,197$865$619$120
28 years$2,095$1,540$1,113$793$559$100
29 years$2,001$1,452$1,036$727$504$84
30 years$1,913$1,372$965$667$456$70
31 years$1,832$1,297$899$613$412$59
32 years$1,755$1,227$839$563$373$49
33 years$1,683$1,162$783$518$337$41
34 years$1,616$1,101$732$477$305$35
35 years$1,553$1,045$684$439$277$29
36 years$1,493$991$640$404$251$24
37 years$1,437$942$599$372$227$20
38 years$1,383$895$561$343$206$17
39 years$1,333$851$526$316$187$14
40 years$1,285$810$493$292$169$12
41 years$1,240$771$462$269$154$10
42 years$1,197$734$433$248$139$8
43 years$1,156$699$407$229$127$7
44 years$1,117$667$382$212$115$6
45 years$1,080$636$358$196$104$5
46 years$1,044$606$337$181$95$4
47 years$1,011$579$316$167$86$3
48 years$978$552$297$154$78$3
49 years$947$528$279$143$71$2
50 years$918$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $940,000, adding $4,001 every year, while hoping to spend $31,312 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: 70/9/21 Blend
41$940,000$940,000$940,000$940,000
42$1,040,007$990,187$975,617$1,107,146
43$1,112,772$1,005,390$974,984$1,167,677
44$1,191,910$1,020,289$973,281$1,229,848
45$1,278,037$1,034,836$970,439$1,297,132
46$1,371,832$1,048,979$966,384$1,370,034
47$1,474,043$1,062,663$961,042$1,449,107
48$1,585,491$1,075,829$954,333$1,534,964
49$1,707,082$1,088,415$946,173$1,628,277
50$1,839,810$1,100,354$936,476$1,729,792
51$1,984,774$1,111,573$925,151$1,840,325
52$2,143,178$1,121,998$912,101$1,960,782
53$2,316,352$1,131,546$897,226$2,092,156
54$2,505,759$1,140,131$880,422$2,235,547
55$2,713,010$1,147,660$861,579$2,392,164
56$2,939,877$1,154,036$840,583$2,563,340
57$3,188,314$1,159,153$817,312$2,750,547
58$3,460,472$1,162,902$791,642$2,955,406
59$3,758,719$1,165,162$763,440$3,179,705
60$4,085,663$1,165,810$732,570$3,425,414
61$4,444,177$1,164,712$698,888$3,694,706
62$4,837,426$1,161,726$662,244$3,989,975
63$5,268,895$1,156,701$622,480$4,313,862
64$5,742,422$1,149,479$579,433$4,669,278
65$6,262,236$1,139,890$532,931$5,059,431
66$6,832,994$1,127,756$482,794$5,487,859
67$7,459,829$1,112,884$428,837$5,958,462
68$8,148,391$1,095,076$370,863$6,475,538
69$8,904,908$1,074,115$308,668$7,043,826
70$9,736,239$1,049,777$242,039$7,668,551
71$10,649,941$1,021,823$170,753$8,355,472
72$11,654,340$989,997$94,578$9,110,935
73$12,758,608$954,032$13,272$9,941,939
74$13,972,851$913,644$0$10,856,198
75$15,308,201$868,532$0$11,878,683
76$16,776,926$818,379$0$13,006,543
77$18,392,541$762,847$0$14,247,193
78$20,169,935$701,583$0$15,612,087
79$22,125,517$634,208$0$17,113,845
80$24,277,363$560,328$0$18,766,374
81$26,645,391$479,521$0$20,584,998
82$29,251,547$391,344$0$22,586,605
83$32,120,014$295,329$0$24,789,804
84$35,277,436$190,980$0$27,215,100
85$38,753,172$77,776$0$29,885,093
86$42,579,573$0$0$32,824,685
87$46,792,284$0$0$36,065,757
88$51,430,584$0$0$39,642,803
89$56,537,753$0$0$43,581,504
90$62,161,483$0$0$47,918,650
91$68,354,325$0$0$52,694,778
92$75,174,186$0$0$57,954,556
93$82,684,877$0$0$63,747,206
94$90,956,710$0$0$70,126,967
95$100,067,167$0$0$77,153,607
96$110,101,625$0$0$84,892,985
97$121,154,168$0$0$93,417,675
98$133,328,469$0$0$102,807,650
99$146,738,770$0$0$113,151,036
100$161,510,962$0$0$124,544,942