Can I retire at age 42 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$75,973$75,296$74,636$73,991$73,362$70,872
2 years$37,610$36,910$36,231$35,573$34,934$32,451
3 years$24,824$24,121$23,444$22,792$22,164$19,764
4 years$18,433$17,731$17,061$16,420$15,807$13,511
5 years$14,599$13,902$13,240$12,612$12,017$9,829
6 years$12,044$11,352$10,700$10,086$9,508$7,431
7 years$10,219$9,533$8,892$8,292$7,733$5,765
8 years$8,852$8,172$7,541$6,956$6,415$4,556
9 years$7,788$7,115$6,495$5,925$5,402$3,650
10 years$6,938$6,271$5,662$5,108$4,603$2,954
11 years$6,243$5,583$4,985$4,445$3,959$2,410
12 years$5,664$5,011$4,424$3,899$3,431$1,979
13 years$5,175$4,529$3,953$3,442$2,992$1,633
14 years$4,756$4,116$3,552$3,056$2,622$1,353
15 years$4,393$3,760$3,207$2,725$2,309$1,124
16 years$4,076$3,450$2,907$2,440$2,041$937
17 years$3,796$3,177$2,645$2,192$1,809$783
18 years$3,548$2,936$2,415$1,976$1,609$655
19 years$3,326$2,721$2,211$1,785$1,434$549
20 years$3,127$2,529$2,029$1,617$1,281$461
21 years$2,947$2,355$1,866$1,467$1,146$387
22 years$2,783$2,199$1,720$1,334$1,027$325
23 years$2,634$2,056$1,588$1,215$922$274
24 years$2,497$1,927$1,469$1,108$829$230
25 years$2,372$1,808$1,360$1,012$746$194
26 years$2,256$1,699$1,262$925$672$164
27 years$2,150$1,599$1,172$847$606$138
28 years$2,050$1,507$1,089$776$547$116
29 years$1,958$1,422$1,014$712$494$98
30 years$1,873$1,343$944$653$446$83
31 years$1,793$1,269$880$600$403$70
32 years$1,718$1,201$821$551$365$59
33 years$1,648$1,137$767$507$330$50
34 years$1,582$1,078$716$466$299$42
35 years$1,520$1,022$670$429$271$35
36 years$1,461$970$627$395$245$30
37 years$1,406$922$586$364$222$25
38 years$1,354$876$549$336$202$21
39 years$1,305$833$515$310$183$18
40 years$1,258$792$482$286$166$15
41 years$1,213$754$452$264$150$13
42 years$1,171$718$424$243$136$11
43 years$1,131$684$398$224$124$9
44 years$1,093$652$374$207$112$8
45 years$1,057$622$351$191$102$7
46 years$1,022$593$330$177$93$6
47 years$989$566$310$163$84$5
48 years$957$541$291$151$76$4
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $920,000, adding $2,327 every year, while hoping to spend $23,394 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: 43/46/11 Blend
41$920,000$920,000$920,000$920,000
42$1,016,240$967,480$953,220$1,056,602
43$1,095,006$989,996$960,262$1,107,504
44$1,181,021$1,012,830$966,756$1,160,075
45$1,275,002$1,035,975$972,658$1,216,505
46$1,377,734$1,059,420$977,924$1,277,155
47$1,490,084$1,083,153$982,506$1,342,427
48$1,613,006$1,107,161$986,354$1,412,759
49$1,747,551$1,131,430$989,415$1,488,638
50$1,894,875$1,155,944$991,634$1,570,596
51$2,056,252$1,180,685$992,953$1,659,223
52$2,233,084$1,205,633$993,312$1,755,166
53$2,426,917$1,230,767$992,646$1,859,141
54$2,639,451$1,256,064$990,889$1,971,934
55$2,872,561$1,281,497$987,969$2,094,414
56$3,128,311$1,307,039$983,815$2,227,536
57$3,408,974$1,332,659$978,348$2,372,354
58$3,717,054$1,358,324$971,487$2,530,030
59$4,055,310$1,383,998$963,148$2,701,845
60$4,426,780$1,409,643$953,242$2,889,208
61$4,834,812$1,435,215$941,676$3,093,676
62$5,283,092$1,460,671$928,352$3,316,962
63$5,775,684$1,485,960$913,168$3,560,958
64$6,317,062$1,511,030$896,018$3,827,745
65$6,912,157$1,535,825$876,789$4,119,621
66$7,566,400$1,560,284$855,364$4,439,116
67$8,285,776$1,584,341$831,622$4,789,021
68$9,076,878$1,607,927$805,434$5,172,412
69$9,946,970$1,630,965$776,667$5,592,680
70$10,904,055$1,653,377$745,179$6,053,562
71$11,956,951$1,675,075$710,825$6,559,179
72$13,115,375$1,695,968$673,452$7,114,073
73$14,390,030$1,715,957$632,900$7,723,252
74$15,792,711$1,734,938$589,001$8,392,234
75$17,336,416$1,752,798$541,580$9,127,105
76$19,035,463$1,769,417$490,456$9,934,571
77$20,905,631$1,784,670$435,437$10,822,027
78$22,964,306$1,798,419$376,325$11,797,623
79$25,230,644$1,810,520$312,910$12,870,342
80$27,725,754$1,820,820$244,977$14,050,090
81$30,472,894$1,829,154$172,297$15,347,782
82$33,497,696$1,835,348$94,635$16,775,453
83$36,828,398$1,839,218$11,743$18,346,368
84$40,496,122$1,840,567$0$20,075,149
85$44,535,157$1,839,185$0$21,986,917
86$48,983,289$1,834,851$0$24,092,492
87$53,882,155$1,827,330$0$26,410,110
88$59,277,637$1,816,371$0$28,961,391
89$65,220,292$1,801,709$0$31,770,164
90$71,765,832$1,783,063$0$34,862,695
91$78,975,650$1,760,136$0$38,267,928
92$86,917,394$1,732,610$0$42,017,770
93$95,665,612$1,700,152$0$46,147,382
94$105,302,452$1,662,407$0$50,695,520
95$115,918,437$1,619,000$0$55,704,898
96$127,613,318$1,569,532$0$61,222,593
97$140,497,021$1,513,583$0$67,300,490
98$154,690,676$1,450,707$0$73,995,773
99$170,327,767$1,380,434$0$81,371,467
100$187,555,389$1,302,265$0$89,497,034