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%19.7%
1 years$78,450$77,751$77,070$76,404$75,754$72,806
2 years$38,837$38,113$37,412$36,733$36,073$33,139
3 years$25,634$24,908$24,208$23,535$22,887$20,058
4 years$19,034$18,310$17,617$16,956$16,323$13,622
5 years$15,075$14,355$13,672$13,024$12,408$9,842
6 years$12,436$11,722$11,049$10,415$9,818$7,388
7 years$10,552$9,844$9,182$8,563$7,985$5,689
8 years$9,140$8,438$7,787$7,183$6,624$4,462
9 years$8,042$7,347$6,707$6,118$5,579$3,546
10 years$7,165$6,476$5,847$5,274$4,753$2,847
11 years$6,447$5,765$5,148$4,590$4,088$2,303
12 years$5,849$5,175$4,568$4,026$3,543$1,874
13 years$5,344$4,676$4,082$3,554$3,089$1,533
14 years$4,911$4,251$3,667$3,155$2,708$1,258
15 years$4,536$3,883$3,311$2,814$2,384$1,036
16 years$4,209$3,563$3,002$2,520$2,107$856
17 years$3,920$3,281$2,732$2,264$1,868$708
18 years$3,664$3,032$2,494$2,040$1,661$587
19 years$3,435$2,810$2,283$1,843$1,481$487
20 years$3,229$2,611$2,095$1,670$1,323$404
21 years$3,043$2,432$1,927$1,515$1,184$336
22 years$2,874$2,270$1,776$1,378$1,061$280
23 years$2,720$2,123$1,640$1,255$952$233
24 years$2,579$1,989$1,517$1,144$856$194
25 years$2,449$1,867$1,405$1,045$770$162
26 years$2,330$1,755$1,303$956$694$135
27 years$2,220$1,651$1,210$875$626$113
28 years$2,117$1,556$1,125$801$564$94
29 years$2,022$1,468$1,047$735$510$78
30 years$1,934$1,386$975$674$461$65
31 years$1,851$1,311$909$619$416$55
32 years$1,774$1,240$848$569$377$46
33 years$1,701$1,174$792$523$341$38
34 years$1,633$1,113$740$482$309$32
35 years$1,569$1,056$692$443$280$27
36 years$1,509$1,002$647$408$253$22
37 years$1,452$952$606$376$230$19
38 years$1,398$904$567$347$208$15
39 years$1,347$860$531$320$189$13
40 years$1,299$818$498$295$171$11
41 years$1,253$779$467$272$155$9
42 years$1,209$742$438$251$141$8
43 years$1,168$707$411$232$128$6
44 years$1,129$674$386$214$116$5
45 years$1,091$642$362$198$105$4
46 years$1,055$613$340$183$96$4
47 years$1,021$585$320$169$87$3
48 years$989$558$300$156$79$3
49 years$957$533$282$144$72$2
50 years$928$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $950,000, adding $2,211 every year, while hoping to spend $35,568 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: 41/45/14 Blend
41$950,000$950,000$950,000$950,000
42$1,049,181$998,831$984,106$1,087,773
43$1,118,353$1,009,929$979,229$1,126,311
44$1,193,389$1,020,380$972,997$1,164,326
45$1,274,849$1,030,112$965,327$1,204,700
46$1,363,349$1,039,054$956,131$1,247,664
47$1,459,568$1,047,125$945,319$1,293,473
48$1,564,252$1,054,242$932,795$1,342,411
49$1,678,222$1,060,316$918,460$1,394,793
50$1,802,380$1,065,251$902,208$1,450,967
51$1,937,722$1,068,947$883,931$1,511,319
52$2,085,341$1,071,297$863,514$1,576,276
53$2,246,441$1,072,186$840,836$1,646,311
54$2,422,347$1,071,492$815,774$1,721,947
55$2,614,520$1,069,088$788,195$1,803,764
56$2,824,564$1,064,837$757,963$1,892,404
57$3,054,249$1,058,593$724,934$1,988,576
58$3,305,521$1,050,203$688,959$2,093,066
59$3,580,525$1,039,504$649,879$2,206,743
60$3,881,621$1,026,323$607,533$2,330,570
61$4,211,410$1,010,475$561,749$2,465,608
62$4,572,753$991,768$512,347$2,613,034
63$4,968,805$969,996$459,141$2,774,150
64$5,403,037$944,940$401,937$2,950,392
65$5,879,275$916,370$340,529$3,143,351
66$6,401,730$884,041$274,706$3,354,783
67$6,975,043$847,696$204,246$3,586,633
68$7,604,324$807,060$128,915$3,841,045
69$8,295,204$761,844$48,472$4,120,392
70$9,053,883$711,743$0$4,427,296
71$9,887,194$656,433$0$4,770,236
72$10,802,662$595,572$0$5,154,916
73$11,808,576$528,799$0$5,577,665
74$12,914,072$455,731$0$6,042,428
75$14,129,210$375,964$0$6,553,561
76$15,465,077$289,073$0$7,115,870
77$16,933,884$194,607$0$7,734,662
78$18,549,088$92,091$0$8,415,790
79$20,325,513$0$0$9,165,715
80$22,279,492$0$0$10,000,964
81$24,429,022$0$0$10,970,106
82$26,793,930$0$0$12,036,496
83$29,396,063$0$0$13,210,001
84$32,259,491$0$0$14,501,496
85$35,410,738$0$0$15,922,961
86$38,879,027$0$0$17,487,599
87$42,696,557$0$0$19,209,956
88$46,898,809$0$0$21,106,060
89$51,524,878$0$0$23,193,572
90$56,617,841$0$0$25,491,953
91$62,225,166$0$0$28,022,647
92$68,399,155$0$0$30,809,283
93$75,197,442$0$0$33,877,898
94$82,683,534$0$0$37,257,184
95$90,927,410$0$0$40,978,754
96$100,006,182$0$0$45,077,446
97$110,004,819$0$0$49,591,649
98$121,016,955$0$0$54,563,664
99$133,145,765$0$0$60,040,105
100$146,504,944$0$0$66,072,338