Can I retire at age 42 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$78,450$77,751$77,070$76,404$75,754$72,893
2 years$38,837$38,113$37,412$36,733$36,073$33,224
3 years$25,634$24,908$24,208$23,535$22,887$20,138
4 years$19,034$18,310$17,617$16,956$16,323$13,697
5 years$15,075$14,355$13,672$13,024$12,408$9,912
6 years$12,436$11,722$11,049$10,415$9,818$7,452
7 years$10,552$9,844$9,182$8,563$7,985$5,749
8 years$9,140$8,438$7,787$7,183$6,624$4,517
9 years$8,042$7,347$6,707$6,118$5,579$3,596
10 years$7,165$6,476$5,847$5,274$4,753$2,892
11 years$6,447$5,765$5,148$4,590$4,088$2,345
12 years$5,849$5,175$4,568$4,026$3,543$1,912
13 years$5,344$4,676$4,082$3,554$3,089$1,567
14 years$4,911$4,251$3,667$3,155$2,708$1,289
15 years$4,536$3,883$3,311$2,814$2,384$1,064
16 years$4,209$3,563$3,002$2,520$2,107$880
17 years$3,920$3,281$2,732$2,264$1,868$730
18 years$3,664$3,032$2,494$2,040$1,661$606
19 years$3,435$2,810$2,283$1,843$1,481$504
20 years$3,229$2,611$2,095$1,670$1,323$420
21 years$3,043$2,432$1,927$1,515$1,184$350
22 years$2,874$2,270$1,776$1,378$1,061$292
23 years$2,720$2,123$1,640$1,255$952$244
24 years$2,579$1,989$1,517$1,144$856$204
25 years$2,449$1,867$1,405$1,045$770$170
26 years$2,330$1,755$1,303$956$694$142
27 years$2,220$1,651$1,210$875$626$119
28 years$2,117$1,556$1,125$801$564$99
29 years$2,022$1,468$1,047$735$510$83
30 years$1,934$1,386$975$674$461$70
31 years$1,851$1,311$909$619$416$58
32 years$1,774$1,240$848$569$377$49
33 years$1,701$1,174$792$523$341$41
34 years$1,633$1,113$740$482$309$34
35 years$1,569$1,056$692$443$280$29
36 years$1,509$1,002$647$408$253$24
37 years$1,452$952$606$376$230$20
38 years$1,398$904$567$347$208$17
39 years$1,347$860$531$320$189$14
40 years$1,299$818$498$295$171$12
41 years$1,253$779$467$272$155$10
42 years$1,209$742$438$251$141$8
43 years$1,168$707$411$232$128$7
44 years$1,129$674$386$214$116$6
45 years$1,091$642$362$198$105$5
46 years$1,055$613$340$183$96$4
47 years$1,021$585$320$169$87$3
48 years$989$558$300$156$79$3
49 years$957$533$282$144$72$2
50 years$928$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $950,000, adding $6,797 every year, while hoping to spend $29,733 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: 72/12/16 Blend
41$950,000$950,000$950,000$950,000
42$1,053,911$1,003,561$988,836$1,125,464
43$1,129,774$1,021,100$990,326$1,191,384
44$1,212,379$1,038,502$990,870$1,259,290
45$1,302,382$1,055,728$990,404$1,332,880
46$1,400,504$1,072,738$988,862$1,412,711
47$1,507,542$1,089,488$986,175$1,499,395
48$1,624,369$1,105,931$982,270$1,593,610
49$1,751,948$1,122,016$977,070$1,696,100
50$1,891,341$1,137,688$970,495$1,807,687
51$2,043,713$1,152,891$962,463$1,929,276
52$2,210,350$1,167,561$952,883$2,061,863
53$2,392,667$1,181,632$941,666$2,206,548
54$2,592,221$1,195,034$928,714$2,364,543
55$2,810,728$1,207,692$913,927$2,537,182
56$3,050,077$1,219,523$897,198$2,725,937
57$3,312,348$1,230,443$878,417$2,932,428
58$3,599,833$1,240,360$857,469$3,158,445
59$3,915,054$1,249,175$834,232$3,405,955
60$4,260,790$1,256,786$808,581$3,677,131
61$4,640,104$1,263,082$780,381$3,974,366
62$5,056,366$1,267,944$749,495$4,300,298
63$5,513,290$1,271,248$715,778$4,657,832
64$6,014,968$1,272,862$679,079$5,050,175
65$6,565,905$1,272,643$639,239$5,480,857
66$7,171,067$1,270,441$596,092$5,953,771
67$7,835,921$1,266,098$549,467$6,473,209
68$8,566,493$1,259,445$499,182$7,043,898
69$9,369,419$1,250,301$445,048$7,671,053
70$10,252,012$1,238,478$386,869$8,360,418
71$11,222,327$1,223,773$324,439$9,118,325
72$12,289,239$1,205,973$257,542$9,951,754
73$13,462,526$1,184,851$185,955$10,868,398
74$14,752,962$1,160,167$109,443$11,876,736
75$16,172,417$1,131,667$27,762$12,986,115
76$17,733,967$1,099,083$0$14,206,833
77$19,452,022$1,062,128$0$15,560,387
78$21,342,458$1,020,503$0$17,054,864
79$23,422,769$973,887$0$18,699,359
80$25,712,227$921,943$0$20,509,123
81$28,232,071$864,315$0$22,500,960
82$31,005,700$800,624$0$24,693,390
83$34,058,899$730,473$0$27,106,820
84$37,420,079$653,438$0$29,763,740
85$41,120,546$569,075$0$32,688,931
86$45,194,793$476,912$0$35,909,705
87$49,680,833$376,451$0$39,456,157
88$54,620,548$267,167$0$43,361,453
89$60,060,091$148,505$0$47,662,142
90$66,050,316$19,878$0$52,398,500
91$72,647,264$0$0$57,614,913
92$79,912,684$0$0$63,376,052
93$87,914,623$0$0$69,724,169
94$96,728,060$0$0$76,716,132
95$106,435,623$0$0$84,417,499
96$117,128,357$0$0$92,900,510
97$128,906,594$0$0$102,244,769
98$141,880,891$0$0$112,537,997
99$156,173,081$0$0$123,876,859
100$171,917,415$0$0$136,367,874