Can I retire at age 42 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$79,276$78,570$77,881$77,208$76,552$76,133
2 years$39,245$38,515$37,806$37,119$36,453$36,031
3 years$25,904$25,170$24,463$23,783$23,127$22,714
4 years$19,234$18,502$17,803$17,134$16,495$16,094
5 years$15,234$14,506$13,816$13,161$12,539$12,152
6 years$12,567$11,845$11,165$10,525$9,922$9,549
7 years$10,664$9,948$9,278$8,653$8,069$7,710
8 years$9,236$8,527$7,869$7,259$6,694$6,350
9 years$8,127$7,424$6,777$6,183$5,637$5,307
10 years$7,240$6,544$5,909$5,330$4,803$4,488
11 years$6,515$5,826$5,202$4,638$4,131$3,829
12 years$5,911$5,229$4,617$4,068$3,580$3,292
13 years$5,400$4,725$4,125$3,592$3,122$2,847
14 years$4,963$4,295$3,706$3,188$2,736$2,475
15 years$4,584$3,924$3,346$2,844$2,409$2,160
16 years$4,253$3,600$3,034$2,546$2,129$1,893
17 years$3,961$3,316$2,760$2,288$1,888$1,663
18 years$3,702$3,064$2,520$2,062$1,679$1,466
19 years$3,471$2,839$2,307$1,863$1,496$1,295
20 years$3,263$2,639$2,117$1,687$1,337$1,146
21 years$3,075$2,458$1,947$1,531$1,196$1,016
22 years$2,904$2,294$1,795$1,392$1,072$902
23 years$2,748$2,146$1,657$1,268$962$802
24 years$2,606$2,010$1,533$1,156$865$713
25 years$2,475$1,887$1,420$1,056$778$636
26 years$2,354$1,773$1,317$966$701$567
27 years$2,243$1,669$1,223$884$632$506
28 years$2,140$1,572$1,136$810$570$452
29 years$2,044$1,483$1,058$743$515$404
30 years$1,954$1,401$985$682$465$361
31 years$1,871$1,324$918$626$421$323
32 years$1,792$1,253$857$575$381$289
33 years$1,719$1,187$800$529$344$259
34 years$1,650$1,125$748$487$312$232
35 years$1,586$1,067$699$448$282$208
36 years$1,525$1,013$654$413$256$186
37 years$1,467$962$612$380$232$167
38 years$1,413$914$573$350$210$150
39 years$1,361$869$537$323$191$134
40 years$1,312$827$503$298$173$120
41 years$1,266$787$472$275$157$108
42 years$1,222$750$443$254$142$97
43 years$1,180$714$415$234$129$87
44 years$1,141$681$390$216$117$78
45 years$1,103$649$366$200$106$70
46 years$1,067$619$344$185$97$63
47 years$1,032$591$323$170$88$57
48 years$999$564$304$158$80$51
49 years$967$539$285$146$72$46
50 years$937$515$268$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $960,000, adding $3,828 every year, while hoping to spend $55,606 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: 50/28/22 Blend
41$960,000$960,000$960,000$960,000
42$1,061,869$1,010,989$996,109$1,108,238
43$1,111,015$1,001,363$970,314$1,131,175
44$1,163,310$989,401$941,791$1,150,126
45$1,219,018$974,932$910,391$1,169,569
46$1,278,424$957,770$875,956$1,189,575
47$1,341,844$937,722$838,321$1,210,222
48$1,409,624$914,582$797,317$1,231,600
49$1,482,141$888,131$752,762$1,253,814
50$1,559,809$858,140$704,470$1,276,983
51$1,643,085$824,364$652,244$1,301,239
52$1,732,466$786,544$595,881$1,326,736
53$1,828,500$744,407$535,165$1,353,647
54$1,931,788$697,664$469,874$1,382,167
55$2,042,990$646,009$399,775$1,412,518
56$2,162,831$589,120$324,623$1,444,949
57$2,292,106$526,653$244,165$1,479,739
58$2,431,690$458,249$158,134$1,517,205
59$2,582,545$383,525$66,253$1,557,701
60$2,745,725$302,079$0$1,601,625
61$2,922,393$213,484$0$1,656,887
62$3,113,823$117,291$0$1,733,606
63$3,321,420$13,025$0$1,816,845
64$3,546,726$0$0$1,907,307
65$3,791,439$0$0$2,036,526
66$4,057,426$0$0$2,181,429
67$4,346,739$0$0$2,339,133
68$4,661,640$0$0$2,510,882
69$5,004,614$0$0$2,698,044
70$5,378,397$0$0$2,902,124
71$5,786,000$0$0$3,124,780
72$6,230,737$0$0$3,367,836
73$6,716,256$0$0$3,633,300
74$7,246,573$0$0$3,923,383
75$7,826,108$0$0$4,240,518
76$8,459,727$0$0$4,587,385
77$9,152,790$0$0$4,966,934
78$9,911,195$0$0$5,382,413
79$10,741,439$0$0$5,837,400
80$11,650,676$0$0$6,335,834
81$12,646,784$0$0$6,882,053
82$13,738,439$0$0$7,480,836
83$14,935,196$0$0$8,137,444
84$16,247,578$0$0$8,857,673
85$17,687,176$0$0$9,647,907
86$19,266,758$0$0$10,515,178
87$21,000,384$0$0$11,467,231
88$22,903,545$0$0$12,512,597
89$24,993,305$0$0$13,660,676
90$27,288,458$0$0$14,921,821
91$29,809,710$0$0$16,307,436
92$32,579,872$0$0$17,830,087
93$35,624,072$0$0$19,503,617
94$38,969,994$0$0$21,343,274
95$42,648,136$0$0$23,365,861
96$46,692,099$0$0$25,589,887
97$51,138,903$0$0$28,035,746
98$56,029,333$0$0$30,725,906
99$61,408,327$0$0$33,685,125
100$67,325,394$0$0$36,940,677