Can I retire at age 42 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$65,237$64,656$64,089$63,536$62,996$61,498
2 years$32,296$31,694$31,111$30,546$29,998$28,498
3 years$21,317$20,713$20,131$19,571$19,032$17,576
4 years$15,828$15,226$14,650$14,100$13,574$12,173
5 years$12,536$11,937$11,369$10,830$10,319$8,978
6 years$10,342$9,748$9,188$8,661$8,165$6,885
7 years$8,775$8,186$7,635$7,121$6,640$5,421
8 years$7,601$7,017$6,475$5,973$5,509$4,350
9 years$6,688$6,110$5,577$5,088$4,639$3,541
10 years$5,958$5,385$4,862$4,386$3,953$2,913
11 years$5,361$4,794$4,281$3,817$3,399$2,416
12 years$4,864$4,303$3,799$3,348$2,946$2,018
13 years$4,444$3,889$3,394$2,956$2,569$1,695
14 years$4,084$3,535$3,050$2,624$2,252$1,430
15 years$3,772$3,229$2,753$2,340$1,983$1,210
16 years$3,500$2,963$2,496$2,095$1,752$1,028
17 years$3,260$2,728$2,272$1,883$1,554$875
18 years$3,047$2,521$2,074$1,697$1,382$746
19 years$2,856$2,337$1,898$1,533$1,231$638
20 years$2,685$2,171$1,742$1,388$1,100$546
21 years$2,530$2,022$1,603$1,260$984$468
22 years$2,390$1,888$1,477$1,146$882$401
23 years$2,262$1,766$1,364$1,043$792$345
24 years$2,144$1,654$1,261$952$712$296
25 years$2,037$1,553$1,168$869$641$255
26 years$1,938$1,459$1,083$795$577$219
27 years$1,846$1,373$1,006$727$520$189
28 years$1,761$1,294$935$666$469$163
29 years$1,682$1,221$870$611$424$140
30 years$1,608$1,153$811$561$383$121
31 years$1,539$1,090$756$515$346$104
32 years$1,475$1,031$705$473$313$90
33 years$1,415$977$658$435$283$77
34 years$1,358$926$615$401$257$67
35 years$1,305$878$575$369$232$58
36 years$1,255$833$538$340$211$50
37 years$1,207$791$504$313$191$43
38 years$1,163$752$472$288$173$37
39 years$1,120$715$442$266$157$32
40 years$1,080$680$414$245$142$28
41 years$1,042$648$388$226$129$24
42 years$1,006$617$364$209$117$21
43 years$971$588$342$193$106$18
44 years$939$560$321$178$97$15
45 years$907$534$301$164$88$13
46 years$878$510$283$152$80$11
47 years$849$486$266$140$72$10
48 years$822$464$250$130$66$9
49 years$796$443$235$120$60$7
50 years$771$424$221$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $790,000, adding $4,907 every year, while hoping to spend $40,308 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: 62/10/28 Blend
41$790,000$790,000$790,000$790,000
42$875,642$833,772$821,527$923,077
43$922,070$831,739$806,160$953,856
44$971,882$828,256$788,928$982,642
45$1,025,382$823,209$769,726$1,013,217
46$1,082,902$816,476$748,442$1,045,764
47$1,144,806$807,932$724,963$1,080,483
48$1,211,495$797,439$699,168$1,117,601
49$1,283,409$784,855$670,931$1,157,366
50$1,361,030$770,027$640,121$1,200,055
51$1,444,891$752,793$606,601$1,245,974
52$1,535,574$732,984$570,226$1,295,462
53$1,633,720$710,418$530,846$1,348,896
54$1,740,036$684,905$488,305$1,406,691
55$1,855,295$656,241$442,439$1,469,308
56$1,980,350$624,212$393,077$1,537,259
57$2,116,140$588,592$340,038$1,611,107
58$2,263,694$549,141$283,138$1,691,480
59$2,424,148$505,606$222,180$1,779,068
60$2,598,750$457,719$156,961$1,874,639
61$2,788,871$405,197$87,269$1,979,038
62$2,996,024$347,740$12,881$2,093,202
63$3,221,872$285,032$0$2,218,169
64$3,468,244$216,739$0$2,374,952
65$3,737,155$142,509$0$2,550,346
66$4,030,821$61,969$0$2,741,976
67$4,351,685$0$0$2,951,467
68$4,702,433$0$0$3,183,393
69$5,086,024$0$0$3,444,548
70$5,505,716$0$0$3,730,340
71$5,965,095$0$0$4,043,217
72$6,468,111$0$0$4,385,878
73$7,019,114$0$0$4,761,294
74$7,622,894$0$0$5,172,735
75$8,284,726$0$0$5,623,806
76$9,010,420$0$0$6,118,475
77$9,806,376$0$0$6,661,113
78$10,679,641$0$0$7,256,534
79$11,637,979$0$0$7,910,042
80$12,689,942$0$0$8,627,478
81$13,844,949$0$0$9,415,277
82$15,113,376$0$0$10,280,527
83$16,506,655$0$0$11,231,036
84$18,037,377$0$0$12,275,407
85$19,719,415$0$0$13,423,116
86$21,568,050$0$0$14,684,604
87$23,600,120$0$0$16,071,371
88$25,834,174$0$0$17,596,091
89$28,290,646$0$0$19,272,723
90$30,992,052$0$0$21,116,650
91$33,963,198$0$0$23,144,817
92$37,231,414$0$0$25,375,897
93$40,826,814$0$0$27,830,462
94$44,782,574$0$0$30,531,178
95$49,135,253$0$0$33,503,021
96$53,925,127$0$0$36,773,508
97$59,196,578$0$0$40,372,960
98$64,998,507$0$0$44,334,786
99$71,384,794$0$0$48,695,797
100$78,414,810$0$0$53,496,555