Can I retire at age 42 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$69,366$68,749$68,146$67,557$66,983$64,300
2 years$34,340$33,700$33,080$32,479$31,897$29,227
3 years$22,666$22,023$21,405$20,810$20,236$17,665
4 years$16,830$16,190$15,578$14,992$14,433$11,978
5 years$13,329$12,693$12,089$11,516$10,972$8,641
6 years$10,996$10,365$9,770$9,209$8,681$6,475
7 years$9,331$8,704$8,119$7,571$7,060$4,978
8 years$8,082$7,461$6,885$6,351$5,857$3,897
9 years$7,111$6,496$5,930$5,410$4,933$3,091
10 years$6,335$5,726$5,170$4,663$4,203$2,477
11 years$5,700$5,098$4,552$4,059$3,615$2,000
12 years$5,172$4,575$4,039$3,560$3,132$1,625
13 years$4,725$4,135$3,609$3,143$2,731$1,326
14 years$4,342$3,758$3,243$2,790$2,394$1,086
15 years$4,011$3,433$2,928$2,488$2,108$893
16 years$3,722$3,150$2,654$2,228$1,863$735
17 years$3,466$2,901$2,415$2,002$1,652$607
18 years$3,240$2,681$2,205$1,804$1,469$502
19 years$3,037$2,484$2,019$1,630$1,309$416
20 years$2,855$2,309$1,853$1,476$1,169$344
21 years$2,690$2,150$1,704$1,340$1,047$286
22 years$2,541$2,007$1,570$1,218$938$237
23 years$2,405$1,877$1,450$1,109$842$197
24 years$2,280$1,759$1,341$1,012$757$164
25 years$2,166$1,651$1,242$924$681$136
26 years$2,060$1,551$1,152$845$613$113
27 years$1,963$1,460$1,070$773$553$94
28 years$1,872$1,376$994$709$499$78
29 years$1,788$1,298$925$650$451$65
30 years$1,710$1,226$862$596$407$54
31 years$1,637$1,159$804$548$368$45
32 years$1,568$1,096$750$503$333$38
33 years$1,504$1,038$700$463$301$31
34 years$1,444$984$654$426$273$26
35 years$1,387$933$612$392$247$22
36 years$1,334$886$572$361$224$18
37 years$1,284$841$535$333$203$15
38 years$1,236$800$501$307$184$13
39 years$1,191$760$470$283$167$11
40 years$1,148$723$440$261$151$9
41 years$1,108$689$413$241$137$7
42 years$1,069$656$387$222$125$6
43 years$1,033$625$363$205$113$5
44 years$998$596$341$189$103$4
45 years$965$568$320$175$93$4
46 years$933$542$301$161$85$3
47 years$903$517$283$149$77$2
48 years$874$494$266$138$70$2
49 years$847$471$250$127$63$2
50 years$820$450$235$118$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $840,000, adding $6,347 every year, while hoping to spend $55,082 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: 90/5/5 Blend
41$840,000$840,000$840,000$840,000
42$932,227$887,707$874,687$1,015,714
43$968,707$872,598$845,382$1,055,839
44$1,007,062$854,902$813,249$1,091,468
45$1,047,426$834,435$778,136$1,128,795
46$1,089,942$811,001$739,882$1,167,945
47$1,134,768$784,392$698,321$1,209,054
48$1,182,077$754,390$653,277$1,252,275
49$1,232,055$720,762$604,568$1,297,769
50$1,284,908$683,262$552,004$1,345,719
51$1,340,858$641,631$495,386$1,396,321
52$1,400,149$595,595$434,505$1,449,791
53$1,463,047$544,861$369,143$1,506,369
54$1,529,843$489,125$299,075$1,566,315
55$1,600,855$428,061$224,063$1,629,915
56$1,676,433$361,326$143,859$1,697,485
57$1,756,956$288,558$58,205$1,769,370
58$1,842,843$209,375$0$1,845,952
59$1,934,551$123,372$0$1,929,418
60$2,032,581$30,123$0$2,021,887
61$2,137,482$0$0$2,120,772
62$2,249,856$0$0$2,230,541
63$2,370,365$0$0$2,350,035
64$2,499,733$0$0$2,478,314
65$2,638,756$0$0$2,616,167
66$2,788,306$0$0$2,764,462
67$2,949,344$0$0$2,924,147
68$3,122,920$0$0$3,096,269
69$3,310,194$0$0$3,281,974
70$3,512,434$0$0$3,482,521
71$3,731,037$0$0$3,699,297
72$3,967,539$0$0$3,933,824
73$4,223,626$0$0$4,187,773
74$4,501,152$0$0$4,462,986
75$4,802,158$0$0$4,761,484
76$5,128,886$0$0$5,085,492
77$5,483,803$0$0$5,437,457
78$5,869,623$0$0$5,820,069
79$6,289,329$0$0$6,236,289
80$6,746,208$0$0$6,689,375
81$7,243,872$0$0$7,182,910
82$7,786,298$0$0$7,720,840
83$8,377,864$0$0$8,307,504
84$9,023,387$0$0$8,947,681
85$9,728,169$0$0$9,646,630
86$10,498,047$0$0$10,410,139
87$11,339,447$0$0$11,244,583
88$12,259,444$0$0$12,156,977
89$13,265,827$0$0$13,155,046
90$14,367,173$0$0$14,247,297
91$15,572,925$0$0$15,443,097
92$16,893,483$0$0$16,752,760
93$18,340,300$0$0$18,187,644
94$19,925,988$0$0$19,760,258
95$21,664,438$0$0$21,484,379
96$23,570,949$0$0$23,375,181
97$25,662,372$0$0$25,449,375
98$27,957,266$0$0$27,725,370
99$30,476,075$0$0$30,223,442
100$33,241,318$0$0$32,965,924