Can I retire at age 42 with 890,000?

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 $890,000?

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$73,495$72,841$72,202$71,579$70,970$69,058
2 years$36,384$35,706$35,050$34,413$33,795$31,883
3 years$24,015$23,334$22,679$22,049$21,441$19,588
4 years$17,832$17,153$16,505$15,885$15,292$13,512
5 years$14,123$13,448$12,808$12,201$11,625$9,923
6 years$11,651$10,982$10,351$9,757$9,198$7,577
7 years$9,886$9,222$8,602$8,022$7,481$5,939
8 years$8,563$7,905$7,295$6,729$6,206$4,744
9 years$7,534$6,883$6,283$5,732$5,226$3,842
10 years$6,712$6,067$5,478$4,941$4,453$3,145
11 years$6,040$5,401$4,823$4,300$3,830$2,596
12 years$5,480$4,848$4,280$3,772$3,319$2,157
13 years$5,006$4,381$3,824$3,330$2,894$1,801
14 years$4,601$3,982$3,436$2,956$2,537$1,511
15 years$4,250$3,638$3,102$2,636$2,234$1,272
16 years$3,943$3,338$2,812$2,360$1,974$1,074
17 years$3,673$3,074$2,559$2,121$1,750$909
18 years$3,432$2,840$2,336$1,911$1,556$771
19 years$3,218$2,632$2,139$1,727$1,387$655
20 years$3,025$2,446$1,963$1,564$1,239$557
21 years$2,851$2,278$1,805$1,420$1,109$475
22 years$2,692$2,127$1,664$1,291$994$405
23 years$2,548$1,989$1,536$1,175$892$345
24 years$2,416$1,864$1,421$1,072$802$295
25 years$2,295$1,749$1,316$979$722$252
26 years$2,183$1,644$1,221$895$650$215
27 years$2,079$1,547$1,133$819$586$184
28 years$1,984$1,458$1,054$751$529$158
29 years$1,895$1,375$980$688$477$135
30 years$1,812$1,299$913$632$431$116
31 years$1,734$1,228$851$580$390$99
32 years$1,662$1,162$794$533$353$85
33 years$1,594$1,100$742$490$319$73
34 years$1,530$1,043$693$451$289$62
35 years$1,470$989$648$415$262$53
36 years$1,414$939$606$383$237$46
37 years$1,360$892$567$352$215$39
38 years$1,310$847$531$325$195$34
39 years$1,262$806$498$300$177$29
40 years$1,217$767$467$276$160$25
41 years$1,174$730$437$255$145$21
42 years$1,133$695$410$235$132$18
43 years$1,094$662$385$217$120$16
44 years$1,057$631$361$201$109$13
45 years$1,022$602$339$185$99$11
46 years$989$574$319$171$90$10
47 years$957$548$299$158$81$8
48 years$926$523$281$146$74$7
49 years$897$499$265$135$67$6
50 years$869$477$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $890,000, adding $6,660 every year, while hoping to spend $54,445 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: 35/37/28 Blend
41$890,000$890,000$890,000$890,000
42$987,650$940,480$926,685$1,013,695
43$1,030,461$928,634$899,800$1,021,925
44$1,075,814$914,383$870,189$1,025,434
45$1,123,911$897,552$837,704$1,028,170
46$1,174,973$877,955$802,190$1,030,104
47$1,229,239$855,394$763,483$1,031,204
48$1,286,976$829,662$721,414$1,031,442
49$1,348,470$800,539$675,804$1,030,793
50$1,414,039$767,790$626,469$1,029,234
51$1,484,029$731,170$573,213$1,026,748
52$1,558,820$690,417$515,835$1,023,321
53$1,638,826$645,254$454,122$1,018,945
54$1,724,505$595,390$387,854$1,013,618
55$1,816,357$540,516$316,799$1,007,347
56$1,914,930$480,306$240,717$1,000,148
57$2,020,826$414,415$159,354$992,046
58$2,134,707$342,478$72,449$983,078
59$2,257,298$264,110$0$973,297
60$2,389,396$178,905$0$968,831
61$2,531,877$86,434$0$987,196
62$2,685,702$0$0$1,006,917
63$2,851,927$0$0$1,033,818
64$3,031,714$0$0$1,101,078
65$3,226,340$0$0$1,173,995
66$3,437,207$0$0$1,253,109
67$3,665,859$0$0$1,339,012
68$3,913,992$0$0$1,432,357
69$4,183,472$0$0$1,533,862
70$4,476,353$0$0$1,644,315
71$4,794,891$0$0$1,764,586
72$5,141,572$0$0$1,895,629
73$5,519,129$0$0$2,038,497
74$5,930,569$0$0$2,194,348
75$6,379,204$0$0$2,364,454
76$6,868,677$0$0$2,550,220
77$7,402,998$0$0$2,753,188
78$7,986,582$0$0$2,975,059
79$8,624,288$0$0$3,217,703
80$9,321,468$0$0$3,483,182
81$10,084,011$0$0$3,773,763
82$10,918,404$0$0$4,091,946
83$11,831,788$0$0$4,440,481
84$12,832,028$0$0$4,822,397
85$13,927,785$0$0$5,241,033
86$15,128,596$0$0$5,700,062
87$16,444,965$0$0$6,203,532
88$17,888,461$0$0$6,755,901
89$19,471,826$0$0$7,362,079
90$21,209,095$0$0$8,027,475
91$23,115,727$0$0$8,758,047
92$25,208,748$0$0$9,560,359
93$27,506,918$0$0$10,441,639
94$30,030,897$0$0$11,409,853
95$32,803,448$0$0$12,473,774
96$35,849,645$0$0$13,643,069
97$39,197,112$0$0$14,928,387
98$42,876,281$0$0$16,341,459
99$46,920,679$0$0$17,895,212
100$51,367,242$0$0$19,603,885