Can I retire at age 42 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$78,450$77,751$77,070$76,404$75,754$74,134
2 years$38,837$38,113$37,412$36,733$36,073$34,449
3 years$25,634$24,908$24,208$23,535$22,887$21,308
4 years$19,034$18,310$17,617$16,956$16,323$14,803
5 years$15,075$14,355$13,672$13,024$12,408$10,952
6 years$12,436$11,722$11,049$10,415$9,818$8,426
7 years$10,552$9,844$9,182$8,563$7,985$6,658
8 years$9,140$8,438$7,787$7,183$6,624$5,361
9 years$8,042$7,347$6,707$6,118$5,579$4,379
10 years$7,165$6,476$5,847$5,274$4,753$3,616
11 years$6,447$5,765$5,148$4,590$4,088$3,011
12 years$5,849$5,175$4,568$4,026$3,543$2,525
13 years$5,344$4,676$4,082$3,554$3,089$2,129
14 years$4,911$4,251$3,667$3,155$2,708$1,803
15 years$4,536$3,883$3,311$2,814$2,384$1,533
16 years$4,209$3,563$3,002$2,520$2,107$1,307
17 years$3,920$3,281$2,732$2,264$1,868$1,117
18 years$3,664$3,032$2,494$2,040$1,661$957
19 years$3,435$2,810$2,283$1,843$1,481$822
20 years$3,229$2,611$2,095$1,670$1,323$707
21 years$3,043$2,432$1,927$1,515$1,184$608
22 years$2,874$2,270$1,776$1,378$1,061$524
23 years$2,720$2,123$1,640$1,255$952$452
24 years$2,579$1,989$1,517$1,144$856$391
25 years$2,449$1,867$1,405$1,045$770$338
26 years$2,330$1,755$1,303$956$694$292
27 years$2,220$1,651$1,210$875$626$253
28 years$2,117$1,556$1,125$801$564$219
29 years$2,022$1,468$1,047$735$510$189
30 years$1,934$1,386$975$674$461$164
31 years$1,851$1,311$909$619$416$142
32 years$1,774$1,240$848$569$377$123
33 years$1,701$1,174$792$523$341$107
34 years$1,633$1,113$740$482$309$92
35 years$1,569$1,056$692$443$280$80
36 years$1,509$1,002$647$408$253$70
37 years$1,452$952$606$376$230$60
38 years$1,398$904$567$347$208$52
39 years$1,347$860$531$320$189$45
40 years$1,299$818$498$295$171$39
41 years$1,253$779$467$272$155$34
42 years$1,209$742$438$251$141$30
43 years$1,168$707$411$232$128$26
44 years$1,129$674$386$214$116$22
45 years$1,091$642$362$198$105$19
46 years$1,055$613$340$183$96$17
47 years$1,021$585$320$169$87$15
48 years$989$558$300$156$79$13
49 years$957$533$282$144$72$11
50 years$928$509$265$133$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $950,000, adding $3,040 every year, while hoping to spend $28,968 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: 49/22/29 Blend
41$950,000$950,000$950,000$950,000
42$1,050,036$999,686$984,961$1,092,692
43$1,126,318$1,017,849$987,135$1,141,120
44$1,209,409$1,035,931$988,412$1,190,611
45$1,299,975$1,053,897$988,729$1,243,827
46$1,398,746$1,071,711$988,025$1,301,134
47$1,506,525$1,089,332$986,231$1,362,937
48$1,624,199$1,106,718$983,278$1,429,683
49$1,752,741$1,123,821$979,092$1,501,866
50$1,893,226$1,140,594$973,597$1,580,031
51$2,046,834$1,156,981$966,711$1,664,779
52$2,214,865$1,172,928$958,350$1,756,775
53$2,398,753$1,188,372$948,426$1,856,751
54$2,600,073$1,203,250$936,845$1,965,515
55$2,820,561$1,217,490$923,511$2,083,961
56$3,062,132$1,231,020$908,322$2,213,073
57$3,326,889$1,243,760$891,170$2,353,939
58$3,617,152$1,255,625$871,945$2,507,757
59$3,935,477$1,266,526$850,531$2,675,852
60$4,284,676$1,276,366$826,804$2,859,685
61$4,667,848$1,285,044$800,637$3,060,866
62$5,088,408$1,292,449$771,897$3,281,175
63$5,550,114$1,298,468$740,444$3,522,572
64$6,057,109$1,302,976$706,132$3,787,223
65$6,613,955$1,305,843$668,809$4,077,515
66$7,225,678$1,306,929$628,314$4,396,083
67$7,897,816$1,306,088$584,481$4,745,832
68$8,636,469$1,303,161$537,137$5,129,968
69$9,448,355$1,297,983$486,098$5,552,027
70$10,340,880$1,290,377$431,174$6,015,909
71$11,322,199$1,280,155$372,168$6,525,916
72$12,401,299$1,267,118$308,871$7,086,792
73$13,588,081$1,251,056$241,068$7,703,770
74$14,893,452$1,231,745$168,531$8,382,621
75$16,329,432$1,208,948$91,025$9,129,710
76$17,909,263$1,182,416$8,303$9,952,055
77$19,647,535$1,151,881$0$10,857,397
78$21,560,324$1,117,063$0$11,879,019
79$23,665,342$1,077,665$0$13,005,936
80$25,982,107$1,033,370$0$14,246,040
81$28,532,124$983,847$0$15,610,868
82$31,339,087$928,742$0$17,113,132
83$34,429,106$867,682$0$18,766,843
84$37,830,950$800,274$0$20,587,444
85$41,576,319$726,100$0$22,591,957
86$45,700,145$644,720$0$24,799,141
87$50,240,916$555,668$0$27,229,671
88$55,241,046$458,452$0$29,906,334
89$60,747,270$352,553$0$32,854,247
90$66,811,084$237,421$0$36,101,088
91$73,489,237$112,477$0$39,677,366
92$80,844,259$0$0$43,616,705
93$88,945,056$0$0$47,961,702
94$97,867,556$0$0$52,777,568
95$107,695,430$0$0$58,082,251
96$118,520,876$0$0$63,925,535
97$130,445,495$0$0$70,362,280
98$143,581,242$0$0$77,452,937
99$158,051,490$0$0$85,264,122
100$173,992,189$0$0$93,869,245