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%
1 years$78,450$77,751$77,070$76,404$75,754$73,008
2 years$38,837$38,113$37,412$36,733$36,073$33,337
3 years$25,634$24,908$24,208$23,535$22,887$20,246
4 years$19,034$18,310$17,617$16,956$16,323$13,798
5 years$15,075$14,355$13,672$13,024$12,408$10,006
6 years$12,436$11,722$11,049$10,415$9,818$7,540
7 years$10,552$9,844$9,182$8,563$7,985$5,830
8 years$9,140$8,438$7,787$7,183$6,624$4,591
9 years$8,042$7,347$6,707$6,118$5,579$3,664
10 years$7,165$6,476$5,847$5,274$4,753$2,955
11 years$6,447$5,765$5,148$4,590$4,088$2,401
12 years$5,849$5,175$4,568$4,026$3,543$1,964
13 years$5,344$4,676$4,082$3,554$3,089$1,614
14 years$4,911$4,251$3,667$3,155$2,708$1,331
15 years$4,536$3,883$3,311$2,814$2,384$1,102
16 years$4,209$3,563$3,002$2,520$2,107$914
17 years$3,920$3,281$2,732$2,264$1,868$760
18 years$3,664$3,032$2,494$2,040$1,661$633
19 years$3,435$2,810$2,283$1,843$1,481$528
20 years$3,229$2,611$2,095$1,670$1,323$441
21 years$3,043$2,432$1,927$1,515$1,184$369
22 years$2,874$2,270$1,776$1,378$1,061$309
23 years$2,720$2,123$1,640$1,255$952$259
24 years$2,579$1,989$1,517$1,144$856$217
25 years$2,449$1,867$1,405$1,045$770$182
26 years$2,330$1,755$1,303$956$694$152
27 years$2,220$1,651$1,210$875$626$128
28 years$2,117$1,556$1,125$801$564$107
29 years$2,022$1,468$1,047$735$510$90
30 years$1,934$1,386$975$674$461$76
31 years$1,851$1,311$909$619$416$63
32 years$1,774$1,240$848$569$377$53
33 years$1,701$1,174$792$523$341$45
34 years$1,633$1,113$740$482$309$38
35 years$1,569$1,056$692$443$280$32
36 years$1,509$1,002$647$408$253$27
37 years$1,452$952$606$376$230$22
38 years$1,398$904$567$347$208$19
39 years$1,347$860$531$320$189$16
40 years$1,299$818$498$295$171$13
41 years$1,253$779$467$272$155$11
42 years$1,209$742$438$251$141$9
43 years$1,168$707$411$232$128$8
44 years$1,129$674$386$214$116$7
45 years$1,091$642$362$198$105$6
46 years$1,055$613$340$183$96$5
47 years$1,021$585$320$169$87$4
48 years$989$558$300$156$79$3
49 years$957$533$282$144$72$3
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 $4,774 every year, while hoping to spend $53,546 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: 51/34/15 Blend
41$950,000$950,000$950,000$950,000
42$1,051,824$1,001,474$986,749$1,100,940
43$1,102,138$993,574$962,833$1,127,254
44$1,155,789$983,492$936,321$1,149,833
45$1,213,061$971,065$907,069$1,173,191
46$1,274,265$956,119$874,928$1,197,416
47$1,339,743$938,472$839,741$1,222,612
48$1,409,868$917,928$801,343$1,248,894
49$1,485,049$894,281$759,563$1,276,391
50$1,565,738$867,315$714,222$1,305,252
51$1,652,427$836,797$665,132$1,335,643
52$1,745,658$802,484$612,098$1,367,750
53$1,846,027$764,117$554,915$1,401,786
54$1,954,186$721,422$493,368$1,437,985
55$2,070,853$674,112$427,236$1,476,614
56$2,196,816$621,880$356,285$1,517,971
57$2,332,941$564,402$280,270$1,562,390
58$2,480,181$501,337$198,939$1,610,245
59$2,639,581$432,325$112,026$1,661,954
60$2,812,293$356,983$19,253$1,717,986
61$2,999,581$274,909$0$1,778,862
62$3,202,835$185,677$0$1,857,930
63$3,423,587$88,838$0$1,947,195
64$3,663,518$0$0$2,044,348
65$3,924,480$0$0$2,156,269
66$4,208,510$0$0$2,314,344
67$4,517,848$0$0$2,486,594
68$4,854,961$0$0$2,674,404
69$5,222,563$0$0$2,879,297
70$5,623,640$0$0$3,102,950
71$6,061,482$0$0$3,347,209
72$6,539,706$0$0$3,614,108
73$7,062,298$0$0$3,905,883
74$7,633,643$0$0$4,224,997
75$8,258,573$0$0$4,574,164
76$8,942,403$0$0$4,956,370
77$9,690,990$0$0$5,374,903
78$10,510,781$0$0$5,833,386
79$11,408,877$0$0$6,335,807
80$12,393,098$0$0$6,886,558
81$13,472,056$0$0$7,490,478
82$14,655,235$0$0$8,152,894
83$15,953,083$0$0$8,879,676
84$17,377,107$0$0$9,677,288
85$18,939,981$0$0$10,552,851
86$20,655,665$0$0$11,514,209
87$22,539,540$0$0$12,570,001
88$24,608,544$0$0$13,729,746
89$26,881,342$0$0$15,003,931
90$29,378,491$0$0$16,404,105
91$32,122,639$0$0$17,942,994
92$35,138,738$0$0$19,634,619
93$38,454,276$0$0$21,494,425
94$42,099,538$0$0$23,539,429
95$46,107,889$0$0$25,788,380
96$50,516,088$0$0$28,261,933
97$55,364,638$0$0$30,982,848
98$60,698,161$0$0$33,976,199
99$66,565,823$0$0$37,269,615
100$73,021,794$0$0$40,893,536