Can I retire at age 42 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$67,715$67,112$66,523$65,949$65,388$64,759
2 years$33,522$32,898$32,293$31,706$31,137$30,504
3 years$22,126$21,499$20,896$20,314$19,755$19,136
4 years$16,429$15,804$15,207$14,635$14,089$13,490
5 years$13,012$12,391$11,801$11,241$10,710$10,133
6 years$10,735$10,118$9,537$8,990$8,475$7,920
7 years$9,108$8,497$7,925$7,391$6,892$6,360
8 years$7,889$7,283$6,721$6,200$5,718$5,208
9 years$6,942$6,342$5,789$5,281$4,815$4,327
10 years$6,184$5,590$5,047$4,552$4,103$3,637
11 years$5,565$4,976$4,443$3,962$3,529$3,084
12 years$5,049$4,466$3,943$3,475$3,058$2,635
13 years$4,613$4,036$3,523$3,068$2,666$2,264
14 years$4,239$3,669$3,165$2,723$2,337$1,955
15 years$3,916$3,352$2,858$2,429$2,058$1,696
16 years$3,633$3,075$2,591$2,175$1,819$1,475
17 years$3,384$2,832$2,358$1,954$1,613$1,288
18 years$3,162$2,617$2,152$1,761$1,434$1,127
19 years$2,965$2,425$1,970$1,591$1,278$988
20 years$2,787$2,254$1,808$1,441$1,142$868
21 years$2,626$2,099$1,663$1,308$1,022$764
22 years$2,480$1,960$1,533$1,189$916$673
23 years$2,348$1,833$1,416$1,083$822$594
24 years$2,226$1,717$1,309$988$739$525
25 years$2,114$1,611$1,212$902$665$464
26 years$2,011$1,515$1,125$825$599$410
27 years$1,916$1,425$1,044$755$540$363
28 years$1,828$1,343$971$692$487$322
29 years$1,746$1,267$903$634$440$285
30 years$1,669$1,197$841$582$398$253
31 years$1,598$1,131$784$535$359$225
32 years$1,531$1,070$732$491$325$199
33 years$1,468$1,014$683$452$294$177
34 years$1,410$961$639$416$266$157
35 years$1,354$911$597$383$241$140
36 years$1,302$865$558$352$219$124
37 years$1,253$821$523$325$198$110
38 years$1,207$781$489$299$180$98
39 years$1,163$742$459$276$163$87
40 years$1,121$706$430$255$148$78
41 years$1,082$672$403$235$134$69
42 years$1,044$640$378$217$122$61
43 years$1,008$610$355$200$110$55
44 years$974$581$333$185$100$49
45 years$942$555$313$171$91$43
46 years$911$529$294$158$83$39
47 years$882$505$276$146$75$34
48 years$853$482$259$135$68$31
49 years$826$460$244$124$62$27
50 years$801$440$229$115$56$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $820,000, adding $4,533 every year, while hoping to spend $58,297 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: 81/14/5 Blend
41$820,000$820,000$820,000$820,000
42$908,316$864,856$852,146$981,402
43$938,936$845,206$818,665$1,010,199
44$970,727$822,640$782,109$1,033,551
45$1,003,744$796,952$742,313$1,057,377
46$1,038,050$767,927$699,105$1,081,694
47$1,073,711$735,336$652,304$1,106,516
48$1,110,797$698,935$601,725$1,131,862
49$1,149,385$658,469$547,169$1,157,752
50$1,189,555$613,667$488,432$1,184,209
51$1,231,395$564,242$425,299$1,211,256
52$1,274,998$509,891$357,548$1,238,923
53$1,320,466$450,294$284,944$1,267,239
54$1,367,908$385,112$207,244$1,296,242
55$1,417,440$313,988$124,192$1,325,969
56$1,469,190$236,544$35,523$1,356,465
57$1,523,294$152,382$0$1,387,779
58$1,579,900$61,079$0$1,423,120
59$1,639,169$0$0$1,461,625
60$1,701,274$0$0$1,507,307
61$1,766,404$0$0$1,565,088
62$1,834,762$0$0$1,625,739
63$1,906,571$0$0$1,689,458
64$1,982,071$0$0$1,756,461
65$2,061,524$0$0$1,826,980
66$2,145,216$0$0$1,901,270
67$2,233,457$0$0$1,979,608
68$2,326,586$0$0$2,062,295
69$2,424,971$0$0$2,149,660
70$2,529,016$0$0$2,242,062
71$2,639,159$0$0$2,339,894
72$2,755,880$0$0$2,443,581
73$2,879,704$0$0$2,553,594
74$3,011,204$0$0$2,670,441
75$3,151,007$0$0$2,794,683
76$3,299,799$0$0$2,926,931
77$3,458,329$0$0$3,067,855
78$3,627,422$0$0$3,218,188
79$3,807,977$0$0$3,378,734
80$4,000,980$0$0$3,550,372
81$4,207,515$0$0$3,734,068
82$4,428,767$0$0$3,930,880
83$4,666,038$0$0$4,141,970
84$4,920,754$0$0$4,368,609
85$5,194,483$0$0$4,612,197
86$5,488,945$0$0$4,874,267
87$5,806,027$0$0$5,156,505
88$6,147,804$0$0$5,460,761
89$6,516,554$0$0$5,789,067
90$6,914,778$0$0$6,143,656
91$7,345,228$0$0$6,526,983
92$7,810,925$0$0$6,941,744
93$8,315,193$0$0$7,390,905
94$8,861,684$0$0$7,877,725
95$9,454,416$0$0$8,405,788
96$10,097,804$0$0$8,979,037
97$10,796,707$0$0$9,601,806
98$11,556,470$0$0$10,278,866
99$12,382,971$0$0$11,015,462
100$13,282,679$0$0$11,817,368