Can I retire at age 42 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$72,670$72,022$71,391$70,774$70,172$68,282
2 years$35,975$35,305$34,656$34,026$33,415$31,525
3 years$23,745$23,072$22,425$21,801$21,200$19,368
4 years$17,631$16,961$16,319$15,706$15,120$13,360
5 years$13,964$13,297$12,664$12,064$11,494$9,812
6 years$11,520$10,858$10,235$9,648$9,095$7,492
7 years$9,775$9,119$8,505$7,932$7,397$5,873
8 years$8,467$7,816$7,213$6,654$6,136$4,690
9 years$7,450$6,806$6,213$5,668$5,168$3,799
10 years$6,637$5,999$5,416$4,886$4,403$3,110
11 years$5,972$5,340$4,768$4,252$3,787$2,567
12 years$5,418$4,793$4,232$3,729$3,281$2,133
13 years$4,950$4,332$3,781$3,293$2,862$1,781
14 years$4,549$3,937$3,397$2,923$2,508$1,494
15 years$4,202$3,597$3,067$2,607$2,209$1,258
16 years$3,899$3,300$2,781$2,334$1,952$1,062
17 years$3,631$3,039$2,530$2,097$1,731$899
18 years$3,394$2,808$2,310$1,890$1,539$762
19 years$3,182$2,603$2,115$1,708$1,372$648
20 years$2,991$2,419$1,941$1,547$1,225$551
21 years$2,818$2,253$1,785$1,404$1,096$469
22 years$2,662$2,103$1,645$1,276$983$400
23 years$2,519$1,967$1,519$1,162$882$341
24 years$2,389$1,843$1,405$1,060$793$292
25 years$2,269$1,729$1,301$968$714$249
26 years$2,158$1,625$1,207$885$643$213
27 years$2,056$1,530$1,121$810$579$182
28 years$1,961$1,441$1,042$742$523$156
29 years$1,873$1,360$969$681$472$133
30 years$1,791$1,284$903$625$427$114
31 years$1,715$1,214$842$574$386$98
32 years$1,643$1,149$785$527$349$84
33 years$1,576$1,088$733$485$316$72
34 years$1,513$1,031$685$446$286$62
35 years$1,454$978$641$411$259$53
36 years$1,398$928$599$378$235$45
37 years$1,345$882$561$349$213$39
38 years$1,295$838$525$321$193$33
39 years$1,248$797$492$296$175$28
40 years$1,203$758$461$273$159$24
41 years$1,161$721$433$252$144$21
42 years$1,120$687$406$233$131$18
43 years$1,082$655$381$215$118$15
44 years$1,046$624$357$198$108$13
45 years$1,011$595$336$183$98$11
46 years$978$568$315$169$89$10
47 years$946$542$296$156$80$8
48 years$916$517$278$144$73$7
49 years$887$494$262$133$66$6
50 years$859$472$246$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $880,000, adding $5,982 every year, while hoping to spend $28,424 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: 52/42/6 Blend
41$880,000$880,000$880,000$880,000
42$975,930$929,290$915,650$1,024,987
43$1,045,232$944,583$916,082$1,074,218
44$1,120,651$959,672$915,575$1,124,124
45$1,202,779$974,517$914,069$1,177,708
46$1,292,270$989,077$911,498$1,235,322
47$1,389,844$1,003,304$907,796$1,297,354
48$1,496,293$1,017,150$902,891$1,364,231
49$1,612,486$1,030,562$896,710$1,436,424
50$1,739,384$1,043,484$889,174$1,514,454
51$1,878,042$1,055,855$880,201$1,598,895
52$2,029,622$1,067,612$869,708$1,690,377
53$2,195,403$1,078,685$857,603$1,789,600
54$2,376,796$1,089,002$843,794$1,897,332
55$2,575,350$1,098,484$828,183$2,014,423
56$2,792,775$1,107,049$810,666$2,141,808
57$3,030,951$1,114,608$791,136$2,280,520
58$3,291,951$1,121,066$769,482$2,431,697
59$3,578,056$1,126,324$745,585$2,596,596
60$3,891,778$1,130,275$719,324$2,776,602
61$4,235,887$1,132,806$690,568$2,973,243
62$4,613,429$1,133,795$659,184$3,188,206
63$5,027,764$1,133,116$625,032$3,423,349
64$5,482,589$1,130,632$587,963$3,680,723
65$5,981,979$1,126,199$547,826$3,962,590
66$6,530,423$1,119,664$504,460$4,271,445
67$7,132,863$1,110,865$457,697$4,610,038
68$7,794,747$1,099,630$407,361$4,981,404
69$8,522,075$1,085,775$353,271$5,388,890
70$9,321,456$1,069,107$295,236$5,836,186
71$10,200,173$1,049,422$233,055$6,327,364
72$11,166,249$1,026,503$166,521$6,866,912
73$12,228,523$1,000,118$95,416$7,459,781
74$13,396,734$970,025$19,513$8,111,430
75$14,681,611$935,966$0$8,827,880
76$16,094,974$897,668$0$9,619,705
77$17,649,850$854,842$0$10,491,879
78$19,360,589$807,183$0$11,451,240
79$21,243,002$754,368$0$12,506,707
80$23,314,512$696,056$0$13,668,114
81$25,594,314$631,885$0$14,946,300
82$28,103,561$561,474$0$16,353,220
83$30,865,558$484,419$0$17,902,049
84$33,905,984$400,296$0$19,607,316
85$37,253,137$308,652$0$21,485,039
86$40,938,194$209,013$0$23,552,873
87$44,995,512$100,877$0$25,830,285
88$49,462,948$0$0$28,338,735
89$54,382,215$0$0$31,109,408
90$59,799,281$0$0$34,211,909
91$65,764,794$0$0$37,628,640
92$72,334,569$0$0$41,391,581
93$79,570,106$0$0$45,535,974
94$87,539,177$0$0$50,100,653
95$96,316,460$0$0$55,128,409
96$105,984,246$0$0$60,666,397
97$116,633,218$0$0$66,766,578
98$128,363,299$0$0$73,486,213
99$141,284,604$0$0$80,888,399
100$155,518,472$0$0$89,042,664