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%11.5%
1 years$78,450$77,751$77,070$76,404$75,754$75,277
2 years$38,837$38,113$37,412$36,733$36,073$35,592
3 years$25,634$24,908$24,208$23,535$22,887$22,416
4 years$19,034$18,310$17,617$16,956$16,323$15,866
5 years$15,075$14,355$13,672$13,024$12,408$11,968
6 years$12,436$11,722$11,049$10,415$9,818$9,394
7 years$10,552$9,844$9,182$8,563$7,985$7,577
8 years$9,140$8,438$7,787$7,183$6,624$6,233
9 years$8,042$7,347$6,707$6,118$5,579$5,204
10 years$7,165$6,476$5,847$5,274$4,753$4,394
11 years$6,447$5,765$5,148$4,590$4,088$3,745
12 years$5,849$5,175$4,568$4,026$3,543$3,215
13 years$5,344$4,676$4,082$3,554$3,089$2,777
14 years$4,911$4,251$3,667$3,155$2,708$2,411
15 years$4,536$3,883$3,311$2,814$2,384$2,102
16 years$4,209$3,563$3,002$2,520$2,107$1,839
17 years$3,920$3,281$2,732$2,264$1,868$1,614
18 years$3,664$3,032$2,494$2,040$1,661$1,420
19 years$3,435$2,810$2,283$1,843$1,481$1,253
20 years$3,229$2,611$2,095$1,670$1,323$1,107
21 years$3,043$2,432$1,927$1,515$1,184$980
22 years$2,874$2,270$1,776$1,378$1,061$869
23 years$2,720$2,123$1,640$1,255$952$771
24 years$2,579$1,989$1,517$1,144$856$685
25 years$2,449$1,867$1,405$1,045$770$610
26 years$2,330$1,755$1,303$956$694$543
27 years$2,220$1,651$1,210$875$626$484
28 years$2,117$1,556$1,125$801$564$431
29 years$2,022$1,468$1,047$735$510$385
30 years$1,934$1,386$975$674$461$344
31 years$1,851$1,311$909$619$416$307
32 years$1,774$1,240$848$569$377$274
33 years$1,701$1,174$792$523$341$245
34 years$1,633$1,113$740$482$309$219
35 years$1,569$1,056$692$443$280$196
36 years$1,509$1,002$647$408$253$175
37 years$1,452$952$606$376$230$157
38 years$1,398$904$567$347$208$141
39 years$1,347$860$531$320$189$126
40 years$1,299$818$498$295$171$113
41 years$1,253$779$467$272$155$101
42 years$1,209$742$438$251$141$90
43 years$1,168$707$411$232$128$81
44 years$1,129$674$386$214$116$73
45 years$1,091$642$362$198$105$65
46 years$1,055$613$340$183$96$58
47 years$1,021$585$320$169$87$52
48 years$989$558$300$156$79$47
49 years$957$533$282$144$72$42
50 years$928$509$265$133$65$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $950,000, adding $6,993 every year, while hoping to spend $46,681 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: 58/19/23 Blend
41$950,000$950,000$950,000$950,000
42$1,054,113$1,003,763$989,038$1,108,357
43$1,111,965$1,003,279$972,503$1,145,639
44$1,174,152$1,001,207$953,849$1,180,659
45$1,241,069$997,420$932,956$1,217,831
46$1,313,147$991,782$909,699$1,257,376
47$1,390,860$984,151$883,946$1,299,534
48$1,474,728$974,375$855,558$1,344,578
49$1,565,323$962,293$824,393$1,392,806
50$1,663,275$947,734$790,299$1,444,551
51$1,769,274$930,518$753,119$1,500,180
52$1,884,080$910,453$712,688$1,560,102
53$2,008,528$887,337$668,835$1,624,770
54$2,143,536$860,955$621,379$1,694,686
55$2,290,114$831,079$570,133$1,770,404
56$2,449,373$797,469$514,900$1,852,541
57$2,622,535$759,872$455,475$1,941,779
58$2,810,945$718,016$391,644$2,038,872
59$3,016,081$671,618$323,184$2,144,655
60$3,239,570$620,377$249,860$2,260,054
61$3,483,206$563,975$171,429$2,386,093
62$3,748,957$502,074$87,637$2,523,904
63$4,038,995$434,320$0$2,674,740
64$4,355,708$360,337$0$2,840,425
65$4,701,725$279,728$0$3,045,034
66$5,079,940$192,074$0$3,268,804
67$5,493,540$96,932$0$3,513,682
68$5,946,033$0$0$3,781,817
69$6,441,284$0$0$4,076,870
70$6,983,546$0$0$4,422,198
71$7,577,505$0$0$4,800,528
72$8,228,319$0$0$5,215,156
73$8,941,669$0$0$5,669,714
74$9,723,815$0$0$6,168,199
75$10,581,647$0$0$6,715,014
76$11,522,758$0$0$7,315,012
77$12,555,508$0$0$7,973,533
78$13,689,107$0$0$8,696,464
79$14,933,701$0$0$9,490,287
80$16,300,465$0$0$10,362,144
81$17,801,711$0$0$11,319,901
82$19,450,999$0$0$12,372,225
83$21,263,270$0$0$13,528,664
84$23,254,983$0$0$14,799,736
85$25,444,271$0$0$16,197,028
86$27,851,111$0$0$17,733,307
87$30,497,512$0$0$19,422,638
88$33,407,721$0$0$21,280,517
89$36,608,455$0$0$23,324,019
90$40,129,148$0$0$25,571,954
91$44,002,230$0$0$28,045,048
92$48,263,434$0$0$30,766,138
93$52,952,130$0$0$33,760,384
94$58,111,696$0$0$37,055,510
95$63,789,928$0$0$40,682,064
96$70,039,492$0$0$44,673,703
97$76,918,416$0$0$49,067,515
98$84,490,639$0$0$53,904,363
99$92,826,615$0$0$59,229,278
100$102,003,976$0$0$65,091,873