Can I retire at age 42 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$80,102$79,388$78,692$78,013$77,349$74,724
2 years$39,654$38,916$38,200$37,506$36,833$34,214
3 years$26,174$25,432$24,718$24,030$23,368$20,838
4 years$19,435$18,695$17,988$17,313$16,666$14,245
5 years$15,392$14,657$13,960$13,298$12,670$10,363
6 years$12,698$11,969$11,282$10,634$10,025$7,835
7 years$10,775$10,051$9,375$8,743$8,153$6,079
8 years$9,333$8,616$7,951$7,334$6,764$4,804
9 years$8,212$7,502$6,848$6,247$5,696$3,848
10 years$7,315$6,612$5,970$5,385$4,853$3,115
11 years$6,583$5,887$5,256$4,687$4,174$2,541
12 years$5,972$5,283$4,665$4,111$3,617$2,086
13 years$5,456$4,775$4,168$3,629$3,154$1,722
14 years$5,015$4,340$3,745$3,222$2,765$1,426
15 years$4,632$3,965$3,381$2,873$2,434$1,186
16 years$4,297$3,638$3,065$2,573$2,152$988
17 years$4,003$3,350$2,789$2,311$1,908$825
18 years$3,741$3,096$2,546$2,083$1,696$691
19 years$3,507$2,869$2,331$1,882$1,512$579
20 years$3,297$2,666$2,139$1,705$1,350$486
21 years$3,107$2,483$1,968$1,547$1,209$408
22 years$2,934$2,318$1,814$1,407$1,083$343
23 years$2,777$2,168$1,674$1,281$972$289
24 years$2,633$2,031$1,549$1,168$874$243
25 years$2,501$1,906$1,434$1,067$786$205
26 years$2,379$1,792$1,330$976$708$172
27 years$2,266$1,686$1,235$893$639$145
28 years$2,162$1,589$1,148$818$576$123
29 years$2,065$1,499$1,069$750$520$103
30 years$1,975$1,415$995$689$470$87
31 years$1,890$1,338$928$632$425$74
32 years$1,811$1,266$866$581$385$62
33 years$1,737$1,199$808$535$348$52
34 years$1,668$1,136$755$492$315$44
35 years$1,602$1,078$706$453$285$37
36 years$1,541$1,023$661$417$259$32
37 years$1,482$972$618$384$234$27
38 years$1,427$923$579$354$212$22
39 years$1,375$878$542$326$193$19
40 years$1,326$835$508$301$175$16
41 years$1,279$795$477$278$159$14
42 years$1,235$757$447$256$144$11
43 years$1,193$722$420$237$131$10
44 years$1,152$688$394$219$119$8
45 years$1,114$656$370$202$108$7
46 years$1,078$626$347$186$98$6
47 years$1,043$597$326$172$89$5
48 years$1,009$570$307$159$81$4
49 years$978$544$288$147$73$4
50 years$947$520$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $970,000, adding $5,386 every year, while hoping to spend $39,113 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: 56/35/9 Blend
41$970,000$970,000$970,000$970,000
42$1,074,496$1,023,086$1,008,051$1,132,053
43$1,142,478$1,031,601$1,000,204$1,180,049
44$1,216,084$1,039,223$990,784$1,227,496
45$1,295,846$1,045,865$979,697$1,278,230
46$1,382,348$1,051,439$966,843$1,332,571
47$1,476,235$1,055,847$952,119$1,390,871
48$1,578,215$1,058,987$935,419$1,453,519
49$1,689,065$1,060,750$916,628$1,520,944
50$1,809,643$1,061,020$895,629$1,593,624
51$1,940,892$1,059,675$872,297$1,672,082
52$2,083,848$1,056,584$846,504$1,756,898
53$2,239,652$1,051,608$818,113$1,848,715
54$2,409,561$1,044,601$786,985$1,948,239
55$2,594,956$1,035,407$752,969$2,056,253
56$2,797,360$1,023,861$715,912$2,173,621
57$3,018,448$1,009,786$675,651$2,301,298
58$3,260,062$992,999$632,019$2,440,338
59$3,524,234$973,301$584,837$2,591,904
60$3,813,198$950,485$533,921$2,757,283
61$4,129,416$924,330$479,079$2,937,895
62$4,475,596$894,603$420,108$3,135,308
63$4,854,724$861,056$356,799$3,351,252
64$5,270,086$823,427$288,931$3,587,641
65$5,725,300$781,440$216,276$3,846,583
66$6,224,353$734,803$138,593$4,130,410
67$6,771,633$683,205$55,632$4,441,694
68$7,371,977$626,319$0$4,783,274
69$8,030,709$563,799$0$5,161,444
70$8,753,696$495,280$0$5,582,410
71$9,547,399$420,374$0$6,044,671
72$10,418,935$338,675$0$6,552,469
73$11,376,146$249,749$0$7,110,483
74$12,427,669$153,143$0$7,723,877
75$13,583,018$48,374$0$8,398,346
76$14,852,676$0$0$9,140,173
77$16,248,192$0$0$9,981,346
78$17,782,287$0$0$10,926,626
79$19,468,978$0$0$11,966,031
80$21,323,709$0$0$13,109,089
81$23,363,491$0$0$14,366,299
82$25,607,072$0$0$15,749,226
83$28,075,104$0$0$17,270,616
84$30,790,343$0$0$18,944,509
85$33,777,861$0$0$20,786,375
86$37,065,283$0$0$22,813,263
87$40,683,047$0$0$25,043,953
88$44,664,693$0$0$27,499,141
89$49,047,173$0$0$30,201,631
90$53,871,207$0$0$33,176,549
91$59,181,661$0$0$36,451,580
92$65,027,972$0$0$40,057,231
93$71,464,615$0$0$44,027,118
94$78,551,615$0$0$48,398,281
95$86,355,114$0$0$53,211,536
96$94,947,993$0$0$58,511,855
97$104,410,563$0$0$64,348,799
98$114,831,318$0$0$70,776,977
99$126,307,773$0$0$77,856,563
100$138,947,382$0$0$85,653,868