Can I retire at age 42 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,586$63,019$62,467$61,928$61,401$60,087
2 years$31,478$30,892$30,324$29,773$29,239$27,922
3 years$20,777$20,188$19,621$19,076$18,550$17,271
4 years$15,427$14,840$14,279$13,743$13,230$11,998
5 years$12,219$11,635$11,081$10,556$10,057$8,877
6 years$10,080$9,501$8,955$8,442$7,958$6,830
7 years$8,553$7,979$7,442$6,940$6,472$5,396
8 years$7,408$6,839$6,311$5,822$5,369$4,345
9 years$6,519$5,955$5,436$4,959$4,522$3,549
10 years$5,807$5,249$4,739$4,275$3,853$2,931
11 years$5,225$4,673$4,172$3,720$3,313$2,441
12 years$4,741$4,194$3,703$3,263$2,871$2,046
13 years$4,331$3,790$3,308$2,881$2,504$1,725
14 years$3,981$3,445$2,972$2,557$2,195$1,461
15 years$3,677$3,147$2,684$2,281$1,933$1,242
16 years$3,411$2,888$2,433$2,042$1,708$1,059
17 years$3,177$2,659$2,214$1,835$1,514$906
18 years$2,970$2,457$2,021$1,654$1,347$776
19 years$2,784$2,277$1,850$1,494$1,200$666
20 years$2,617$2,116$1,698$1,353$1,072$573
21 years$2,466$1,971$1,562$1,228$959$493
22 years$2,329$1,840$1,440$1,117$860$425
23 years$2,204$1,721$1,329$1,017$772$367
24 years$2,090$1,612$1,229$928$694$317
25 years$1,985$1,513$1,139$847$624$274
26 years$1,888$1,422$1,056$775$562$237
27 years$1,799$1,338$981$709$507$205
28 years$1,716$1,261$912$650$457$177
29 years$1,639$1,190$848$596$413$153
30 years$1,567$1,124$790$547$373$133
31 years$1,500$1,062$737$502$337$115
32 years$1,438$1,005$687$461$305$100
33 years$1,379$952$642$424$276$86
34 years$1,324$902$600$390$250$75
35 years$1,272$856$561$359$227$65
36 years$1,223$812$524$331$205$56
37 years$1,177$771$491$305$186$49
38 years$1,133$733$460$281$169$42
39 years$1,092$697$431$259$153$37
40 years$1,053$663$404$239$139$32
41 years$1,016$631$378$221$126$28
42 years$980$601$355$204$114$24
43 years$947$573$333$188$104$21
44 years$915$546$313$173$94$18
45 years$884$521$294$160$85$16
46 years$855$497$276$148$78$14
47 years$828$474$259$137$70$12
48 years$801$453$243$126$64$10
49 years$776$432$229$117$58$9
50 years$752$413$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $770,000, adding $4,834 every year, while hoping to spend $25,796 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: 81/7/12 Blend
41$770,000$770,000$770,000$770,000
42$853,526$812,716$800,781$920,416
43$913,139$825,093$800,161$977,381
44$977,968$837,211$798,655$1,036,029
45$1,048,518$849,031$796,207$1,099,648
46$1,125,343$860,511$792,756$1,168,722
47$1,209,057$871,604$788,242$1,243,786
48$1,300,330$882,262$782,597$1,325,429
49$1,399,903$892,432$775,754$1,414,300
50$1,508,592$902,060$767,640$1,511,112
51$1,627,292$911,085$758,180$1,616,652
52$1,756,992$919,444$747,295$1,731,789
53$1,898,778$927,070$734,903$1,857,476
54$2,053,848$933,891$720,916$1,994,767
55$2,223,519$939,829$705,245$2,144,820
56$2,409,241$944,805$687,795$2,308,914
57$2,612,614$948,730$668,466$2,488,456
58$2,835,395$951,513$647,155$2,684,997
59$3,079,524$953,056$623,753$2,900,246
60$3,347,134$953,254$598,147$3,136,087
61$3,640,575$951,997$570,218$3,394,594
62$3,962,437$949,167$539,843$3,678,055
63$4,315,569$944,641$506,892$3,988,990
64$4,703,114$938,284$471,230$4,330,175
65$5,128,530$929,959$432,714$4,704,671
66$5,595,628$919,514$391,198$5,115,850
67$6,108,605$906,794$346,526$5,567,429
68$6,672,086$891,630$298,538$6,063,502
69$7,291,165$873,846$247,065$6,608,584
70$7,971,453$853,254$191,932$7,207,648
71$8,719,134$829,656$132,954$7,866,175
72$9,541,017$802,841$69,939$8,590,206
73$10,444,608$772,587$2,689$9,386,399
74$11,438,172$738,658$0$10,262,089
75$12,530,819$700,805$0$11,234,206
76$13,732,583$658,766$0$12,303,759
77$15,054,522$612,260$0$13,480,251
78$16,508,816$560,994$0$14,774,534
79$18,108,888$504,656$0$16,198,567
80$19,869,527$442,916$0$17,765,525
81$21,807,028$375,428$0$19,489,929
82$23,939,344$301,823$0$21,387,777
83$26,286,259$221,714$0$23,476,699
84$28,869,569$134,690$0$25,776,122
85$31,713,294$40,318$0$28,307,453
86$34,843,898$0$0$31,094,282
87$38,290,543$0$0$34,167,368
88$42,085,361$0$0$37,554,335
89$46,263,760$0$0$41,283,683
90$50,864,755$0$0$45,390,237
91$55,931,338$0$0$49,912,371
92$61,510,880$0$0$54,892,371
93$67,655,585$0$0$60,376,833
94$74,422,973$0$0$66,417,101
95$81,876,430$0$0$73,069,754
96$90,085,802$0$0$80,397,138
97$99,128,057$0$0$88,467,955
98$109,088,006$0$0$97,357,910
99$120,059,111$0$0$107,150,426
100$132,144,359$0$0$117,937,433