Can I retire at age 42 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$81,753$81,025$80,315$79,621$78,944$78,250
2 years$40,472$39,718$38,988$38,279$37,592$36,893
3 years$26,713$25,956$25,228$24,526$23,850$23,167
4 years$19,835$19,081$18,359$17,670$17,010$16,349
5 years$15,710$14,959$14,248$13,572$12,931$12,293
6 years$12,960$12,215$11,514$10,854$10,232$9,618
7 years$10,997$10,259$9,568$8,923$8,321$7,732
8 years$9,525$8,793$8,115$7,486$6,903$6,339
9 years$8,381$7,656$6,989$6,376$5,813$5,273
10 years$7,466$6,749$6,093$5,496$4,953$4,437
11 years$6,718$6,008$5,364$4,783$4,260$3,768
12 years$6,095$5,392$4,761$4,196$3,692$3,223
13 years$5,569$4,873$4,253$3,704$3,219$2,773
14 years$5,118$4,430$3,822$3,288$2,822$2,398
15 years$4,727$4,046$3,451$2,932$2,485$2,082
16 years$4,386$3,713$3,128$2,626$2,196$1,814
17 years$4,085$3,419$2,847$2,359$1,947$1,586
18 years$3,818$3,159$2,599$2,126$1,731$1,389
19 years$3,579$2,928$2,379$1,921$1,543$1,220
20 years$3,365$2,721$2,183$1,740$1,378$1,073
21 years$3,171$2,534$2,008$1,579$1,233$946
22 years$2,995$2,366$1,851$1,436$1,106$835
23 years$2,834$2,213$1,709$1,308$992$738
24 years$2,687$2,073$1,581$1,193$892$653
25 years$2,552$1,946$1,464$1,089$803$578
26 years$2,428$1,829$1,358$996$723$512
27 years$2,313$1,721$1,261$912$652$454
28 years$2,206$1,622$1,172$835$588$403
29 years$2,107$1,530$1,091$766$531$358
30 years$2,015$1,445$1,016$703$480$318
31 years$1,929$1,366$947$646$434$283
32 years$1,848$1,292$884$593$392$251
33 years$1,773$1,224$825$546$355$224
34 years$1,702$1,160$771$502$322$199
35 years$1,635$1,100$721$462$291$177
36 years$1,572$1,044$674$426$264$158
37 years$1,513$992$631$392$239$140
38 years$1,457$942$591$361$217$125
39 years$1,404$896$554$333$197$111
40 years$1,353$853$519$307$178$99
41 years$1,306$812$487$284$162$88
42 years$1,260$773$456$262$147$79
43 years$1,217$737$428$242$133$70
44 years$1,176$702$402$223$121$63
45 years$1,137$669$378$206$110$56
46 years$1,100$639$355$190$100$50
47 years$1,064$609$333$176$91$44
48 years$1,030$582$313$162$82$40
49 years$998$556$294$150$75$35
50 years$967$531$277$139$68$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $990,000, adding $6,420 every year, while hoping to spend $32,091 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: 40/33/27 Blend
41$990,000$990,000$990,000$990,000
42$1,097,602$1,045,132$1,029,787$1,132,536
43$1,175,413$1,062,199$1,030,141$1,175,533
44$1,260,085$1,079,027$1,029,430$1,218,555
45$1,352,284$1,095,570$1,027,586$1,264,481
46$1,452,743$1,111,778$1,024,537$1,313,599
47$1,562,269$1,127,601$1,020,204$1,366,224
48$1,681,748$1,142,982$1,014,509$1,422,706
49$1,812,158$1,157,860$1,007,367$1,483,432
50$1,954,575$1,172,172$998,691$1,548,828
51$2,110,182$1,185,848$988,387$1,619,366
52$2,280,282$1,198,816$976,360$1,695,571
53$2,466,311$1,210,998$962,507$1,778,018
54$2,669,848$1,222,310$946,725$1,867,345
55$2,892,633$1,232,664$928,900$1,964,259
56$3,136,581$1,241,964$908,918$2,069,538
57$3,403,803$1,250,111$886,657$2,184,044
58$3,696,621$1,256,996$861,990$2,308,728
59$4,017,593$1,262,506$834,784$2,444,642
60$4,369,538$1,266,520$804,900$2,592,946
61$4,755,559$1,268,908$772,193$2,754,924
62$5,179,075$1,269,533$736,510$2,931,993
63$5,643,851$1,268,250$697,693$3,125,718
64$6,154,033$1,264,904$655,575$3,337,828
65$6,714,192$1,259,331$609,984$3,570,231
66$7,329,358$1,251,358$560,738$3,825,035
67$8,005,077$1,240,798$507,647$4,104,566
68$8,747,455$1,227,457$450,513$4,411,395
69$9,563,220$1,211,127$389,129$4,748,356
70$10,459,784$1,191,588$323,281$5,118,582
71$11,445,313$1,168,607$252,742$5,525,528
72$12,528,802$1,141,936$177,276$5,973,009
73$13,720,164$1,111,315$96,639$6,465,234
74$15,030,317$1,076,466$10,573$7,006,850
75$16,471,293$1,037,096$0$7,602,983
76$18,056,347$992,896$0$8,282,707
77$19,800,083$943,536$0$9,033,621
78$21,718,593$888,671$0$9,859,650
79$23,829,607$827,933$0$10,768,481
80$26,152,658$760,934$0$11,768,589
81$28,709,273$687,263$0$12,869,320
82$31,523,167$606,487$0$14,080,978
83$34,620,474$518,148$0$15,414,923
84$38,029,986$421,762$0$16,883,677
85$41,783,434$316,817$0$18,501,051
86$45,915,775$202,772$0$20,282,266
87$50,465,535$79,059$0$22,244,104
88$55,475,160$0$0$24,405,068
89$60,991,424$0$0$26,805,500
90$67,065,867$0$0$29,480,610
91$73,755,284$0$0$32,426,721
92$81,122,255$0$0$35,671,417
93$89,235,741$0$0$39,245,092
94$98,171,731$0$0$43,181,241
95$108,013,961$0$0$47,516,771
96$118,854,704$0$0$52,292,353
97$130,795,637$0$0$57,552,804
98$143,948,804$0$0$63,347,510
99$158,437,673$0$0$69,730,892
100$174,398,298$0$0$76,762,920