Can I retire at age 42 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$62,760$62,201$61,656$61,123$60,603$59,550
2 years$31,069$30,491$29,930$29,386$28,859$27,801
3 years$20,507$19,926$19,367$18,828$18,309$17,280
4 years$15,227$14,648$14,094$13,565$13,058$12,066
5 years$12,060$11,484$10,937$10,419$9,927$8,973
6 years$9,949$9,378$8,839$8,332$7,855$6,942
7 years$8,442$7,875$7,345$6,850$6,388$5,516
8 years$7,312$6,751$6,229$5,746$5,299$4,467
9 years$6,434$5,878$5,365$4,895$4,463$3,671
10 years$5,732$5,181$4,678$4,219$3,803$3,050
11 years$5,157$4,612$4,118$3,672$3,270$2,556
12 years$4,679$4,140$3,655$3,221$2,834$2,157
13 years$4,275$3,741$3,265$2,844$2,471$1,831
14 years$3,929$3,400$2,934$2,524$2,166$1,561
15 years$3,629$3,106$2,649$2,251$1,907$1,336
16 years$3,367$2,850$2,402$2,016$1,686$1,148
17 years$3,136$2,625$2,185$1,811$1,495$988
18 years$2,931$2,425$1,995$1,632$1,329$853
19 years$2,748$2,248$1,826$1,475$1,185$738
20 years$2,583$2,089$1,676$1,336$1,058$639
21 years$2,434$1,946$1,542$1,212$947$554
22 years$2,299$1,816$1,421$1,102$849$481
23 years$2,176$1,699$1,312$1,004$762$419
24 years$2,063$1,592$1,213$916$685$364
25 years$1,959$1,494$1,124$836$616$317
26 years$1,864$1,404$1,042$764$555$277
27 years$1,776$1,321$968$700$500$241
28 years$1,694$1,245$900$641$452$210
29 years$1,618$1,174$837$588$408$184
30 years$1,547$1,109$780$540$368$160
31 years$1,481$1,048$727$496$333$140
32 years$1,419$992$678$455$301$122
33 years$1,361$939$633$419$273$107
34 years$1,307$890$592$385$247$94
35 years$1,255$845$553$355$224$82
36 years$1,207$802$518$327$203$72
37 years$1,161$761$484$301$184$63
38 years$1,118$724$454$277$166$55
39 years$1,078$688$425$256$151$48
40 years$1,039$655$398$236$137$42
41 years$1,002$623$374$218$124$37
42 years$968$593$350$201$113$32
43 years$934$565$329$185$102$28
44 years$903$539$309$171$93$25
45 years$873$514$290$158$84$22
46 years$844$490$272$146$77$19
47 years$817$468$256$135$70$17
48 years$791$447$240$125$63$14
49 years$766$427$226$115$57$13
50 years$742$407$212$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $760,000, adding $3,731 every year, while hoping to spend $31,391 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: 72/19/9 Blend
41$760,000$760,000$760,000$760,000
42$841,369$801,089$789,309$900,328
43$893,788$806,942$782,351$945,634
44$950,503$812,030$774,107$990,971
45$1,011,917$816,283$764,503$1,039,747
46$1,078,476$819,624$753,457$1,092,292
47$1,150,669$821,974$740,887$1,148,971
48$1,229,035$823,249$726,704$1,210,187
49$1,314,166$823,357$710,818$1,276,383
50$1,406,713$822,204$693,132$1,348,047
51$1,507,393$819,686$673,547$1,425,718
52$1,616,993$815,697$651,957$1,509,992
53$1,736,382$810,122$628,253$1,601,523
54$1,866,513$802,839$602,321$1,701,034
55$2,008,439$793,719$574,039$1,809,322
56$2,163,314$782,626$543,284$1,927,266
57$2,332,412$769,414$509,924$2,055,834
58$2,517,134$753,932$473,823$2,196,095
59$2,719,022$736,015$434,836$2,349,227
60$2,939,775$715,492$392,816$2,516,531
61$3,181,262$692,181$347,605$2,699,438
62$3,445,542$665,889$299,041$2,899,529
63$3,734,882$636,413$246,954$3,118,545
64$4,051,779$603,535$191,165$3,358,409
65$4,398,981$567,029$131,490$3,621,240
66$4,779,516$526,652$67,734$3,909,372
67$5,196,718$482,150$0$4,225,383
68$5,654,261$433,253$0$4,572,142
69$6,156,188$379,675$0$4,959,697
70$6,706,956$321,116$0$5,385,009
71$7,311,471$257,256$0$5,851,910
72$7,975,139$187,760$0$6,364,622
73$8,703,916$112,272$0$6,927,798
74$9,504,360$30,418$0$7,546,568
75$10,383,697$0$0$8,226,588
76$11,349,889$0$0$8,986,257
77$12,411,704$0$0$9,828,139
78$13,578,805$0$0$10,753,539
79$14,861,834$0$0$11,770,903
80$16,272,520$0$0$12,889,533
81$17,823,781$0$0$14,119,681
82$19,529,851$0$0$15,472,640
83$21,406,414$0$0$16,960,852
84$23,470,749$0$0$18,598,026
85$25,741,894$0$0$20,399,268
86$28,240,825$0$0$22,381,221
87$30,990,655$0$0$24,562,221
88$34,016,850$0$0$26,962,474
89$37,347,468$0$0$29,604,242
90$41,013,428$0$0$32,512,056
91$45,048,795$0$0$35,712,945
92$49,491,109$0$0$39,236,691
93$54,381,729$0$0$43,116,112
94$59,766,232$0$0$47,387,367
95$65,694,838$0$0$52,090,304
96$72,222,884$0$0$57,268,826
97$79,411,347$0$0$62,971,315
98$87,327,417$0$0$69,251,082
99$96,045,134$0$0$76,166,871
100$105,646,083$0$0$83,783,414