Can I retire at age 42 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$77,624$76,933$76,258$75,600$74,957$74,020
2 years$38,428$37,712$37,019$36,346$35,694$34,751
3 years$25,364$24,645$23,953$23,287$22,646$21,727
4 years$18,834$18,117$17,432$16,777$16,151$15,263
5 years$14,916$14,204$13,528$12,886$12,278$11,422
6 years$12,305$11,599$10,933$10,305$9,715$8,894
7 years$10,441$9,740$9,085$8,473$7,901$7,114
8 years$9,044$8,349$7,705$7,108$6,555$5,802
9 years$7,958$7,270$6,636$6,054$5,520$4,802
10 years$7,089$6,408$5,786$5,219$4,703$4,019
11 years$6,379$5,704$5,094$4,542$4,045$3,393
12 years$5,788$5,120$4,520$3,984$3,505$2,886
13 years$5,288$4,627$4,039$3,517$3,057$2,469
14 years$4,859$4,206$3,629$3,122$2,679$2,122
15 years$4,489$3,842$3,276$2,784$2,359$1,831
16 years$4,165$3,525$2,970$2,493$2,085$1,586
17 years$3,879$3,246$2,703$2,240$1,849$1,377
18 years$3,625$3,000$2,467$2,019$1,644$1,199
19 years$3,399$2,780$2,259$1,824$1,465$1,046
20 years$3,195$2,584$2,073$1,652$1,309$914
21 years$3,011$2,406$1,907$1,499$1,171$800
22 years$2,843$2,246$1,757$1,363$1,050$702
23 years$2,691$2,101$1,623$1,242$942$616
24 years$2,552$1,968$1,501$1,132$847$541
25 years$2,423$1,847$1,390$1,034$762$476
26 years$2,305$1,736$1,289$946$687$419
27 years$2,196$1,634$1,197$865$619$369
28 years$2,095$1,540$1,113$793$559$325
29 years$2,001$1,452$1,036$727$504$286
30 years$1,913$1,372$965$667$456$252
31 years$1,832$1,297$899$613$412$223
32 years$1,755$1,227$839$563$373$197
33 years$1,683$1,162$783$518$337$174
34 years$1,616$1,101$732$477$305$153
35 years$1,553$1,045$684$439$277$135
36 years$1,493$991$640$404$251$120
37 years$1,437$942$599$372$227$106
38 years$1,383$895$561$343$206$93
39 years$1,333$851$526$316$187$83
40 years$1,285$810$493$292$169$73
41 years$1,240$771$462$269$154$65
42 years$1,197$734$433$248$139$57
43 years$1,156$699$407$229$127$50
44 years$1,117$667$382$212$115$45
45 years$1,080$636$358$196$104$39
46 years$1,044$606$337$181$95$35
47 years$1,011$579$316$167$86$31
48 years$978$552$297$154$78$27
49 years$947$528$279$143$71$24
50 years$918$504$263$132$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $940,000, adding $2,420 every year, while hoping to spend $55,904 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: 33/42/25 Blend
41$940,000$940,000$940,000$940,000
42$1,038,376$988,556$973,986$1,064,651
43$1,084,809$977,514$947,133$1,073,615
44$1,134,105$964,057$917,507$1,078,075
45$1,186,496$948,008$884,956$1,081,768
46$1,242,237$929,179$849,321$1,084,660
47$1,301,607$907,371$810,435$1,086,725
48$1,364,912$882,374$768,126$1,087,934
49$1,432,487$853,963$722,211$1,088,265
50$1,504,697$821,904$672,502$1,087,697
51$1,581,944$785,945$618,799$1,086,217
52$1,664,669$745,824$560,896$1,083,814
53$1,753,356$701,259$498,576$1,080,484
54$1,848,533$651,956$431,613$1,076,233
55$1,950,783$597,602$359,772$1,071,073
56$2,060,744$537,866$282,806$1,065,027
57$2,179,118$472,398$200,457$1,058,130
58$2,306,672$400,830$112,457$1,050,429
59$2,444,254$322,772$18,526$1,041,988
60$2,592,792$237,812$0$1,032,889
61$2,753,306$145,514$0$1,045,028
62$2,926,918$45,419$0$1,063,423
63$3,114,861$0$0$1,083,360
64$3,318,490$0$0$1,134,204
65$3,539,295$0$0$1,212,215
66$3,778,916$0$0$1,296,997
67$4,039,154$0$0$1,389,202
68$4,321,993$0$0$1,489,549
69$4,629,612$0$0$1,598,829
70$4,964,412$0$0$1,717,912
71$5,329,033$0$0$1,847,756
72$5,726,381$0$0$1,989,414
73$6,159,652$0$0$2,144,046
74$6,632,366$0$0$2,312,930
75$7,148,396$0$0$2,497,471
76$7,712,006$0$0$2,699,217
77$8,327,891$0$0$2,919,872
78$9,001,218$0$0$3,161,312
79$9,737,676$0$0$3,425,602
80$10,543,530$0$0$3,715,017
81$11,425,679$0$0$4,032,063
82$12,391,718$0$0$4,379,499
83$13,450,013$0$0$4,760,362
84$14,609,776$0$0$5,177,999
85$15,881,152$0$0$5,636,095
86$17,275,316$0$0$6,138,710
87$18,804,574$0$0$6,690,316
88$20,482,483$0$0$7,295,838
89$22,323,973$0$0$7,960,700
90$24,345,492$0$0$8,690,880
91$26,565,157$0$0$9,492,962
92$29,002,925$0$0$10,374,197
93$31,680,782$0$0$11,342,577
94$34,622,946$0$0$12,406,903
95$37,856,098$0$0$13,576,872
96$41,409,633$0$0$14,863,170
97$45,315,933$0$0$16,277,565
98$49,610,675$0$0$17,833,027
99$54,333,165$0$0$19,543,844
100$59,526,708$0$0$21,425,756