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%17.6%
1 years$78,450$77,751$77,070$76,404$75,754$73,418
2 years$38,837$38,113$37,412$36,733$36,073$33,740
3 years$25,634$24,908$24,208$23,535$22,887$20,629
4 years$19,034$18,310$17,617$16,956$16,323$14,159
5 years$15,075$14,355$13,672$13,024$12,408$10,343
6 years$12,436$11,722$11,049$10,415$9,818$7,854
7 years$10,552$9,844$9,182$8,563$7,985$6,122
8 years$9,140$8,438$7,787$7,183$6,624$4,861
9 years$8,042$7,347$6,707$6,118$5,579$3,913
10 years$7,165$6,476$5,847$5,274$4,753$3,183
11 years$6,447$5,765$5,148$4,590$4,088$2,611
12 years$5,849$5,175$4,568$4,026$3,543$2,155
13 years$5,344$4,676$4,082$3,554$3,089$1,788
14 years$4,911$4,251$3,667$3,155$2,708$1,489
15 years$4,536$3,883$3,311$2,814$2,384$1,245
16 years$4,209$3,563$3,002$2,520$2,107$1,044
17 years$3,920$3,281$2,732$2,264$1,868$877
18 years$3,664$3,032$2,494$2,040$1,661$738
19 years$3,435$2,810$2,283$1,843$1,481$622
20 years$3,229$2,611$2,095$1,670$1,323$525
21 years$3,043$2,432$1,927$1,515$1,184$444
22 years$2,874$2,270$1,776$1,378$1,061$376
23 years$2,720$2,123$1,640$1,255$952$318
24 years$2,579$1,989$1,517$1,144$856$269
25 years$2,449$1,867$1,405$1,045$770$228
26 years$2,330$1,755$1,303$956$694$194
27 years$2,220$1,651$1,210$875$626$164
28 years$2,117$1,556$1,125$801$564$139
29 years$2,022$1,468$1,047$735$510$118
30 years$1,934$1,386$975$674$461$101
31 years$1,851$1,311$909$619$416$85
32 years$1,774$1,240$848$569$377$73
33 years$1,701$1,174$792$523$341$62
34 years$1,633$1,113$740$482$309$52
35 years$1,569$1,056$692$443$280$45
36 years$1,509$1,002$647$408$253$38
37 years$1,452$952$606$376$230$32
38 years$1,398$904$567$347$208$27
39 years$1,347$860$531$320$189$23
40 years$1,299$818$498$295$171$20
41 years$1,253$779$467$272$155$17
42 years$1,209$742$438$251$141$14
43 years$1,168$707$411$232$128$12
44 years$1,129$674$386$214$116$10
45 years$1,091$642$362$198$105$9
46 years$1,055$613$340$183$96$7
47 years$1,021$585$320$169$87$6
48 years$989$558$300$156$79$5
49 years$957$533$282$144$72$5
50 years$928$509$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $950,000, adding $2,591 every year, while hoping to spend $30,657 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: 65/10/25 Blend
41$950,000$950,000$950,000$950,000
42$1,049,573$999,223$984,498$1,110,784
43$1,124,010$1,015,566$984,859$1,168,720
44$1,205,013$1,031,682$984,206$1,228,346
45$1,293,218$1,047,528$982,471$1,292,825
46$1,389,327$1,063,058$979,584$1,362,638
47$1,494,111$1,078,221$975,473$1,438,314
48$1,608,420$1,092,963$970,061$1,520,434
49$1,733,189$1,107,228$963,268$1,609,642
50$1,869,447$1,120,955$955,010$1,706,648
51$2,018,326$1,134,077$945,198$1,812,233
52$2,181,074$1,146,526$933,741$1,927,260
53$2,359,064$1,158,226$920,542$2,052,680
54$2,553,807$1,169,098$905,499$2,189,540
55$2,766,970$1,179,058$888,508$2,338,998
56$3,000,384$1,188,015$869,456$2,502,328
57$3,256,069$1,195,874$848,228$2,680,937
58$3,536,247$1,202,531$824,703$2,876,375
59$3,843,368$1,207,878$798,754$3,090,352
60$4,180,127$1,211,800$770,248$3,324,753
61$4,549,495$1,214,173$739,046$3,581,657
62$4,954,743$1,214,866$705,004$3,863,356
63$5,399,473$1,213,742$667,968$4,172,377
64$5,887,656$1,210,652$627,781$4,511,507
65$6,423,662$1,205,439$584,278$4,883,818
66$7,012,309$1,197,938$537,284$5,292,698
67$7,658,900$1,187,973$486,619$5,741,883
68$8,369,281$1,175,357$432,093$6,235,489
69$9,149,889$1,159,891$373,511$6,778,058
70$10,007,819$1,141,367$310,664$7,374,594
71$10,950,883$1,119,560$243,338$8,030,617
72$11,987,691$1,094,237$171,308$8,752,211
73$13,127,728$1,065,147$94,339$9,546,082
74$14,381,444$1,032,027$12,187$10,419,625
75$15,760,351$994,596$0$11,380,992
76$17,277,134$952,559$0$12,459,305
77$18,945,771$905,603$0$13,649,112
78$20,781,658$853,396$0$14,958,154
79$22,801,764$795,589$0$16,398,548
80$25,024,783$731,812$0$17,983,645
81$27,471,313$661,672$0$19,728,158
82$30,164,049$584,757$0$21,648,300
83$33,128,001$500,629$0$23,761,938
84$36,390,723$408,826$0$26,088,760
85$39,982,578$308,860$0$28,650,464
86$43,937,023$200,215$0$31,470,960
87$48,290,921$82,348$0$34,576,597
88$53,084,896$0$0$37,996,410
89$58,363,708$0$0$41,767,384
90$64,176,679$0$0$45,930,001
91$70,578,159$0$0$50,514,129
92$77,628,037$0$0$55,562,665
93$85,392,306$0$0$61,122,878
94$93,943,686$0$0$67,246,858
95$103,362,310$0$0$73,992,000
96$113,736,480$0$0$81,421,556
97$125,163,497$0$0$89,605,220
98$137,750,587$0$0$98,619,796
99$151,615,902$0$0$108,549,917
100$166,889,644$0$0$119,488,843