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%11%
1 years$79,276$78,570$77,881$77,208$76,552$76,229
2 years$39,245$38,515$37,806$37,119$36,453$36,128
3 years$25,904$25,170$24,463$23,783$23,127$22,809
4 years$19,234$18,502$17,803$17,134$16,495$16,185
5 years$15,234$14,506$13,816$13,161$12,539$12,240
6 years$12,567$11,845$11,165$10,525$9,922$9,634
7 years$10,664$9,948$9,278$8,653$8,069$7,792
8 years$9,236$8,527$7,869$7,259$6,694$6,428
9 years$8,127$7,424$6,777$6,183$5,637$5,382
10 years$7,240$6,544$5,909$5,330$4,803$4,559
11 years$6,515$5,826$5,202$4,638$4,131$3,897
12 years$5,911$5,229$4,617$4,068$3,580$3,356
13 years$5,400$4,725$4,125$3,592$3,122$2,908
14 years$4,963$4,295$3,706$3,188$2,736$2,533
15 years$4,584$3,924$3,346$2,844$2,409$2,216
16 years$4,253$3,600$3,034$2,546$2,129$1,945
17 years$3,961$3,316$2,760$2,288$1,888$1,713
18 years$3,702$3,064$2,520$2,062$1,679$1,513
19 years$3,471$2,839$2,307$1,863$1,496$1,339
20 years$3,263$2,639$2,117$1,687$1,337$1,187
21 years$3,075$2,458$1,947$1,531$1,196$1,055
22 years$2,904$2,294$1,795$1,392$1,072$939
23 years$2,748$2,146$1,657$1,268$962$836
24 years$2,606$2,010$1,533$1,156$865$746
25 years$2,475$1,887$1,420$1,056$778$666
26 years$2,354$1,773$1,317$966$701$596
27 years$2,243$1,669$1,223$884$632$533
28 years$2,140$1,572$1,136$810$570$477
29 years$2,044$1,483$1,058$743$515$427
30 years$1,954$1,401$985$682$465$383
31 years$1,871$1,324$918$626$421$344
32 years$1,792$1,253$857$575$381$308
33 years$1,719$1,187$800$529$344$277
34 years$1,650$1,125$748$487$312$248
35 years$1,586$1,067$699$448$282$223
36 years$1,525$1,013$654$413$256$201
37 years$1,467$962$612$380$232$180
38 years$1,413$914$573$350$210$162
39 years$1,361$869$537$323$191$146
40 years$1,312$827$503$298$173$131
41 years$1,266$787$472$275$157$118
42 years$1,222$750$443$254$142$106
43 years$1,180$714$415$234$129$95
44 years$1,141$681$390$216$117$86
45 years$1,103$649$366$200$106$77
46 years$1,067$619$344$185$97$70
47 years$1,032$591$323$170$88$63
48 years$999$564$304$158$80$56
49 years$967$539$285$146$72$51
50 years$937$515$268$135$66$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $960,000, adding $3,033 every year, while hoping to spend $42,883 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: 53/31/16 Blend
41$960,000$960,000$960,000$960,000
42$1,061,049$1,010,169$995,289$1,112,560
43$1,123,648$1,014,040$983,004$1,151,987
44$1,191,196$1,016,663$968,870$1,190,062
45$1,264,151$1,017,933$952,780$1,230,535
46$1,343,018$1,017,735$934,622$1,273,646
47$1,428,353$1,015,951$914,278$1,319,659
48$1,520,764$1,012,451$891,626$1,368,871
49$1,620,923$1,007,103$866,536$1,421,607
50$1,729,567$999,760$838,875$1,478,229
51$1,847,506$990,273$808,501$1,539,138
52$1,975,634$978,478$775,268$1,604,779
53$2,114,931$964,205$739,021$1,675,643
54$2,266,476$947,274$699,601$1,752,276
55$2,431,457$927,491$656,838$1,835,281
56$2,611,181$904,653$610,557$1,925,327
57$2,807,085$878,545$560,575$2,023,152
58$3,020,754$848,940$506,700$2,129,577
59$3,253,928$815,595$448,732$2,245,506
60$3,508,524$778,255$386,460$2,371,942
61$3,786,655$736,651$319,668$2,509,995
62$4,090,643$690,496$248,126$2,660,890
63$4,423,047$639,489$171,597$2,825,986
64$4,786,684$583,310$89,831$3,006,781
65$5,184,655$521,621$2,570$3,204,936
66$5,620,376$454,066$0$3,422,284
67$6,097,607$380,268$0$3,676,312
68$6,620,490$299,829$0$3,955,274
69$7,193,587$212,327$0$4,261,259
70$7,821,920$117,318$0$4,597,055
71$8,511,022$14,333$0$4,965,741
72$9,266,988$0$0$5,370,716
73$10,096,530$0$0$5,848,859
74$11,007,040$0$0$6,379,136
75$12,006,664$0$0$6,961,412
76$13,104,372$0$0$7,600,927
77$14,310,046$0$0$8,303,449
78$15,634,573$0$0$9,075,336
79$17,089,947$0$0$9,923,592
80$18,689,379$0$0$10,855,930
81$20,447,425$0$0$11,880,851
82$22,380,121$0$0$13,007,720
83$24,505,135$0$0$14,246,851
84$26,841,931$0$0$15,609,613
85$29,411,954$0$0$17,108,529
86$32,238,832$0$0$18,757,396
87$35,348,598$0$0$20,571,417
88$38,769,934$0$0$22,567,343
89$42,534,443$0$0$24,763,628
90$46,676,947$0$0$27,180,609
91$51,235,812$0$0$29,840,692
92$56,253,311$0$0$32,768,564
93$61,776,027$0$0$35,991,428
94$67,855,283$0$0$39,539,260
95$74,547,634$0$0$43,445,087
96$81,915,394$0$0$47,745,302
97$90,027,229$0$0$52,480,007
98$98,958,799$0$0$57,693,389
99$108,793,477$0$0$63,434,140
100$119,623,130$0$0$69,755,912