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%11.7%
1 years$78,450$77,751$77,070$76,404$75,754$75,214
2 years$38,837$38,113$37,412$36,733$36,073$35,529
3 years$25,634$24,908$24,208$23,535$22,887$22,354
4 years$19,034$18,310$17,617$16,956$16,323$15,807
5 years$15,075$14,355$13,672$13,024$12,408$11,910
6 years$12,436$11,722$11,049$10,415$9,818$9,339
7 years$10,552$9,844$9,182$8,563$7,985$7,524
8 years$9,140$8,438$7,787$7,183$6,624$6,182
9 years$8,042$7,347$6,707$6,118$5,579$5,155
10 years$7,165$6,476$5,847$5,274$4,753$4,349
11 years$6,447$5,765$5,148$4,590$4,088$3,702
12 years$5,849$5,175$4,568$4,026$3,543$3,174
13 years$5,344$4,676$4,082$3,554$3,089$2,738
14 years$4,911$4,251$3,667$3,155$2,708$2,374
15 years$4,536$3,883$3,311$2,814$2,384$2,067
16 years$4,209$3,563$3,002$2,520$2,107$1,806
17 years$3,920$3,281$2,732$2,264$1,868$1,583
18 years$3,664$3,032$2,494$2,040$1,661$1,391
19 years$3,435$2,810$2,283$1,843$1,481$1,225
20 years$3,229$2,611$2,095$1,670$1,323$1,081
21 years$3,043$2,432$1,927$1,515$1,184$955
22 years$2,874$2,270$1,776$1,378$1,061$846
23 years$2,720$2,123$1,640$1,255$952$749
24 years$2,579$1,989$1,517$1,144$856$665
25 years$2,449$1,867$1,405$1,045$770$591
26 years$2,330$1,755$1,303$956$694$525
27 years$2,220$1,651$1,210$875$626$467
28 years$2,117$1,556$1,125$801$564$416
29 years$2,022$1,468$1,047$735$510$371
30 years$1,934$1,386$975$674$461$330
31 years$1,851$1,311$909$619$416$295
32 years$1,774$1,240$848$569$377$263
33 years$1,701$1,174$792$523$341$235
34 years$1,633$1,113$740$482$309$209
35 years$1,569$1,056$692$443$280$187
36 years$1,509$1,002$647$408$253$167
37 years$1,452$952$606$376$230$149
38 years$1,398$904$567$347$208$133
39 years$1,347$860$531$320$189$119
40 years$1,299$818$498$295$171$107
41 years$1,253$779$467$272$155$95
42 years$1,209$742$438$251$141$85
43 years$1,168$707$411$232$128$76
44 years$1,129$674$386$214$116$68
45 years$1,091$642$362$198$105$61
46 years$1,055$613$340$183$96$55
47 years$1,021$585$320$169$87$49
48 years$989$558$300$156$79$44
49 years$957$533$282$144$72$39
50 years$928$509$265$133$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $950,000, adding $6,872 every year, while hoping to spend $25,064 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: 51/43/6 Blend
41$950,000$950,000$950,000$950,000
42$1,053,988$1,003,638$988,913$1,105,864
43$1,134,827$1,026,149$995,374$1,164,387
44$1,223,072$1,048,922$1,001,211$1,224,679
45$1,319,451$1,071,945$1,006,377$1,289,616
46$1,424,766$1,095,202$1,010,823$1,359,639
47$1,539,902$1,118,677$1,014,495$1,435,234
48$1,665,831$1,142,351$1,017,340$1,516,935
49$1,803,624$1,166,204$1,019,298$1,605,331
50$1,954,460$1,190,214$1,020,311$1,701,073
51$2,119,637$1,214,357$1,020,314$1,804,875
52$2,300,586$1,238,606$1,019,240$1,917,524
53$2,498,880$1,262,933$1,017,020$2,039,888
54$2,716,256$1,287,306$1,013,579$2,172,924
55$2,954,622$1,311,692$1,008,842$2,317,686
56$3,216,083$1,336,054$1,002,728$2,475,334
57$3,502,956$1,360,353$995,152$2,647,147
58$3,817,793$1,384,546$986,025$2,834,535
59$4,163,405$1,408,586$975,254$3,039,053
60$4,542,890$1,432,425$962,743$3,262,412
61$4,959,660$1,456,009$948,390$3,506,500
62$5,417,472$1,479,280$932,087$3,773,395
63$5,920,466$1,502,177$913,725$4,065,392
64$6,473,204$1,524,634$893,185$4,385,015
65$7,080,710$1,546,580$870,346$4,735,049
66$7,748,520$1,567,940$845,079$5,118,564
67$8,482,732$1,588,632$817,252$5,538,943
68$9,290,065$1,608,569$786,725$5,999,913
69$10,177,922$1,627,659$753,351$6,505,585
70$11,154,459$1,645,804$716,977$7,060,489
71$12,228,662$1,662,896$677,444$7,669,617
72$13,410,432$1,678,825$634,585$8,338,472
73$14,710,678$1,693,469$588,225$9,073,122
74$16,141,419$1,706,700$538,182$9,880,252
75$17,715,898$1,718,383$484,265$10,767,232
76$19,448,707$1,728,372$426,276$11,742,186
77$21,355,926$1,736,512$364,007$12,814,067
78$23,455,269$1,742,640$297,240$13,992,745
79$25,766,259$1,746,582$225,750$15,289,099
80$28,310,403$1,748,150$149,298$16,715,119
81$31,111,404$1,747,150$67,640$18,284,021
82$34,195,378$1,743,370$0$20,010,373
83$37,591,100$1,736,589$0$21,911,480
84$41,330,282$1,726,572$0$24,008,495
85$45,447,865$1,713,068$0$26,316,607
86$49,982,350$1,695,811$0$28,857,335
87$54,976,166$1,674,522$0$31,654,398
88$60,476,062$1,648,901$0$34,733,936
89$66,533,557$1,618,633$0$38,124,760
90$73,205,417$1,583,384$0$41,858,625
91$80,554,198$1,542,798$0$45,970,527
92$88,648,833$1,496,501$0$50,499,039
93$97,565,280$1,444,097$0$55,486,673
94$107,387,245$1,385,163$0$60,980,283
95$118,206,965$1,319,257$0$67,031,507
96$130,126,082$1,245,907$0$73,697,258
97$143,256,602$1,164,617$0$81,040,262
98$157,721,951$1,074,859$0$89,129,650
99$173,658,142$976,078$0$98,041,611
100$191,215,053$867,687$0$107,860,116