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%16.8%
1 years$77,624$76,933$76,258$75,600$74,957$72,879
2 years$38,428$37,712$37,019$36,346$35,694$33,616
3 years$25,364$24,645$23,953$23,287$22,646$20,633
4 years$18,834$18,117$17,432$16,777$16,151$14,219
5 years$14,916$14,204$13,528$12,886$12,278$10,431
6 years$12,305$11,599$10,933$10,305$9,715$7,956
7 years$10,441$9,740$9,085$8,473$7,901$6,229
8 years$9,044$8,349$7,705$7,108$6,555$4,970
9 years$7,958$7,270$6,636$6,054$5,520$4,020
10 years$7,089$6,408$5,786$5,219$4,703$3,287
11 years$6,379$5,704$5,094$4,542$4,045$2,709
12 years$5,788$5,120$4,520$3,984$3,505$2,248
13 years$5,288$4,627$4,039$3,517$3,057$1,875
14 years$4,859$4,206$3,629$3,122$2,679$1,571
15 years$4,489$3,842$3,276$2,784$2,359$1,321
16 years$4,165$3,525$2,970$2,493$2,085$1,113
17 years$3,879$3,246$2,703$2,240$1,849$941
18 years$3,625$3,000$2,467$2,019$1,644$797
19 years$3,399$2,780$2,259$1,824$1,465$676
20 years$3,195$2,584$2,073$1,652$1,309$574
21 years$3,011$2,406$1,907$1,499$1,171$488
22 years$2,843$2,246$1,757$1,363$1,050$416
23 years$2,691$2,101$1,623$1,242$942$354
24 years$2,552$1,968$1,501$1,132$847$302
25 years$2,423$1,847$1,390$1,034$762$258
26 years$2,305$1,736$1,289$946$687$220
27 years$2,196$1,634$1,197$865$619$188
28 years$2,095$1,540$1,113$793$559$160
29 years$2,001$1,452$1,036$727$504$137
30 years$1,913$1,372$965$667$456$117
31 years$1,832$1,297$899$613$412$100
32 years$1,755$1,227$839$563$373$86
33 years$1,683$1,162$783$518$337$73
34 years$1,616$1,101$732$477$305$63
35 years$1,553$1,045$684$439$277$54
36 years$1,493$991$640$404$251$46
37 years$1,437$942$599$372$227$39
38 years$1,383$895$561$343$206$34
39 years$1,333$851$526$316$187$29
40 years$1,285$810$493$292$169$25
41 years$1,240$771$462$269$154$21
42 years$1,197$734$433$248$139$18
43 years$1,156$699$407$229$127$15
44 years$1,117$667$382$212$115$13
45 years$1,080$636$358$196$104$11
46 years$1,044$606$337$181$95$10
47 years$1,011$579$316$167$86$8
48 years$978$552$297$154$78$7
49 years$947$528$279$143$71$6
50 years$918$504$263$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $940,000, adding $2,868 every year, while hoping to spend $26,101 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: 70/13/17 Blend
41$940,000$940,000$940,000$940,000
42$1,038,838$989,018$974,448$1,107,191
43$1,117,029$1,009,709$979,321$1,173,750
44$1,202,319$1,030,539$983,482$1,243,188
45$1,295,408$1,051,487$986,881$1,318,525
46$1,397,060$1,072,530$989,462$1,400,341
47$1,508,121$1,093,645$991,170$1,489,272
48$1,629,520$1,114,804$991,944$1,586,024
49$1,762,279$1,135,978$991,723$1,691,369
50$1,907,527$1,157,136$990,441$1,806,161
51$2,066,503$1,178,244$988,029$1,931,340
52$2,240,573$1,199,265$984,415$2,067,943
53$2,431,243$1,220,160$979,524$2,217,112
54$2,640,167$1,240,886$973,275$2,380,104
55$2,869,171$1,261,396$965,587$2,558,307
56$3,120,265$1,281,643$956,373$2,753,249
57$3,395,661$1,301,572$945,540$2,966,613
58$3,697,797$1,321,128$932,994$3,200,256
59$4,029,358$1,340,248$918,635$3,456,223
60$4,393,301$1,358,869$902,358$3,736,768
61$4,792,884$1,376,920$884,053$4,044,376
62$5,231,696$1,394,327$863,607$4,381,784
63$5,713,689$1,411,010$840,898$4,752,011
64$6,243,220$1,426,883$815,802$5,158,382
65$6,825,084$1,441,857$788,188$5,604,563
66$7,464,568$1,455,833$757,918$6,094,593
67$8,167,494$1,468,709$724,848$6,632,925
68$8,940,278$1,480,375$688,829$7,224,466
69$9,789,985$1,490,712$649,704$7,874,624
70$10,724,404$1,499,597$607,309$8,589,361
71$11,752,112$1,506,896$561,473$9,375,246
72$12,882,561$1,512,468$512,017$10,239,520
73$14,126,166$1,516,163$458,753$11,190,162
74$15,494,401$1,517,821$401,487$12,235,968
75$16,999,908$1,517,272$340,014$13,386,631
76$18,656,616$1,514,336$274,122$14,652,836
77$20,479,874$1,508,821$203,589$16,046,356
78$22,486,593$1,500,526$128,181$17,580,169
79$24,695,408$1,489,233$47,657$19,268,577
80$27,126,849$1,474,716$0$21,127,343
81$29,803,542$1,456,732$0$23,180,784
82$32,750,415$1,435,023$0$25,450,779
83$35,994,937$1,409,318$0$27,949,827
84$39,567,375$1,379,330$0$30,701,237
85$43,501,082$1,344,752$0$33,730,696
86$47,832,809$1,305,261$0$37,066,508
87$52,603,053$1,260,516$0$40,739,866
88$57,856,437$1,210,154$0$44,785,142
89$63,642,134$1,153,792$0$49,240,218
90$70,014,329$1,091,025$0$54,146,833
91$77,032,730$1,021,425$0$59,550,990
92$84,763,132$944,538$0$65,503,379
93$93,278,036$859,885$0$72,059,863
94$102,657,336$766,959$0$79,282,002
95$112,989,069$665,226$0$87,237,636
96$124,370,252$554,119$0$96,001,524
97$136,907,788$433,042$0$105,656,051
98$150,719,484$301,362$0$116,292,005
99$165,935,157$158,414$0$128,009,437
100$182,697,860$3,493$0$140,918,601