Can I retire at age 42 with 960,000?

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 $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%17.7%
1 years$79,276$78,570$77,881$77,208$76,552$74,161
2 years$39,245$38,515$37,806$37,119$36,453$34,066
3 years$25,904$25,170$24,463$23,783$23,127$20,818
4 years$19,234$18,502$17,803$17,134$16,495$14,281
5 years$15,234$14,506$13,816$13,161$12,539$10,428
6 years$12,567$11,845$11,165$10,525$9,922$7,914
7 years$10,664$9,948$9,278$8,653$8,069$6,165
8 years$9,236$8,527$7,869$7,259$6,694$4,892
9 years$8,127$7,424$6,777$6,183$5,637$3,936
10 years$7,240$6,544$5,909$5,330$4,803$3,200
11 years$6,515$5,826$5,202$4,638$4,131$2,622
12 years$5,911$5,229$4,617$4,068$3,580$2,163
13 years$5,400$4,725$4,125$3,592$3,122$1,793
14 years$4,963$4,295$3,706$3,188$2,736$1,493
15 years$4,584$3,924$3,346$2,844$2,409$1,247
16 years$4,253$3,600$3,034$2,546$2,129$1,045
17 years$3,961$3,316$2,760$2,288$1,888$877
18 years$3,702$3,064$2,520$2,062$1,679$738
19 years$3,471$2,839$2,307$1,863$1,496$622
20 years$3,263$2,639$2,117$1,687$1,337$524
21 years$3,075$2,458$1,947$1,531$1,196$443
22 years$2,904$2,294$1,795$1,392$1,072$374
23 years$2,748$2,146$1,657$1,268$962$317
24 years$2,606$2,010$1,533$1,156$865$268
25 years$2,475$1,887$1,420$1,056$778$227
26 years$2,354$1,773$1,317$966$701$192
27 years$2,243$1,669$1,223$884$632$163
28 years$2,140$1,572$1,136$810$570$138
29 years$2,044$1,483$1,058$743$515$117
30 years$1,954$1,401$985$682$465$100
31 years$1,871$1,324$918$626$421$85
32 years$1,792$1,253$857$575$381$72
33 years$1,719$1,187$800$529$344$61
34 years$1,650$1,125$748$487$312$52
35 years$1,586$1,067$699$448$282$44
36 years$1,525$1,013$654$413$256$37
37 years$1,467$962$612$380$232$32
38 years$1,413$914$573$350$210$27
39 years$1,361$869$537$323$191$23
40 years$1,312$827$503$298$173$19
41 years$1,266$787$472$275$157$16
42 years$1,222$750$443$254$142$14
43 years$1,180$714$415$234$129$12
44 years$1,141$681$390$216$117$10
45 years$1,103$649$366$200$106$9
46 years$1,067$619$344$185$97$7
47 years$1,032$591$323$170$88$6
48 years$999$564$304$158$80$5
49 years$967$539$285$146$72$4
50 years$937$515$268$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $960,000, adding $4,378 every year, while hoping to spend $45,923 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: 63/11/26 Blend
41$960,000$960,000$960,000$960,000
42$1,062,436$1,011,556$996,676$1,121,793
43$1,121,943$1,012,260$981,203$1,163,212
44$1,185,980$1,011,460$963,672$1,202,989
45$1,254,961$1,009,033$943,967$1,245,429
46$1,329,341$1,004,850$921,964$1,290,801
47$1,409,619$998,772$897,534$1,339,401
48$1,496,342$990,654$870,544$1,391,557
49$1,590,114$980,341$840,852$1,447,631
50$1,691,597$967,669$808,311$1,508,026
51$1,801,518$952,463$772,768$1,573,184
52$1,920,679$934,540$734,062$1,643,599
53$2,049,960$913,704$692,024$1,719,812
54$2,190,328$889,748$646,480$1,802,426
55$2,342,849$862,453$597,245$1,892,106
56$2,508,694$831,588$544,127$1,989,585
57$2,689,152$796,907$486,926$2,095,678
58$2,885,641$758,150$425,433$2,211,283
59$3,099,720$715,044$359,429$2,337,392
60$3,333,108$667,297$288,686$2,475,103
61$3,587,693$614,603$212,966$2,625,628
62$3,865,556$556,637$132,019$2,790,308
63$4,168,987$493,057$45,585$2,970,624
64$4,500,506$423,498$0$3,168,209
65$4,862,888$347,580$0$3,397,814
66$5,259,187$264,896$0$3,662,829
67$5,692,768$175,020$0$3,952,878
68$6,167,334$77,500$0$4,270,481
69$6,686,964$0$0$4,618,413
70$7,256,149$0$0$5,003,140
71$7,879,835$0$0$5,435,053
72$8,563,469$0$0$5,908,552
73$9,313,050$0$0$6,427,799
74$10,135,186$0$0$6,997,382
75$11,037,154$0$0$7,622,351
76$12,026,970$0$0$8,308,272
77$13,113,465$0$0$9,061,272
78$14,306,364$0$0$9,888,103
79$15,616,381$0$0$10,796,203
80$17,055,319$0$0$11,793,763
81$18,636,180$0$0$12,889,809
82$20,373,288$0$0$14,094,284
83$22,282,421$0$0$15,418,141
84$24,380,964$0$0$16,873,449
85$26,688,069$0$0$18,473,501
86$29,224,837$0$0$20,232,947
87$32,014,515$0$0$22,167,922
88$35,082,715$0$0$24,296,209
89$38,457,657$0$0$26,637,396
90$42,170,433$0$0$29,213,068
91$46,255,300$0$0$32,047,007
92$50,750,003$0$0$35,165,414
93$55,696,131$0$0$38,597,162
94$61,139,508$0$0$42,374,062
95$67,130,623$0$0$46,531,165
96$73,725,111$0$0$51,107,094
97$80,984,273$0$0$56,144,404
98$88,975,654$0$0$61,689,989
99$97,773,681$0$0$67,795,516
100$107,460,367$0$0$74,517,922