Can I retire at age 42 with 960,000?

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 $960,000?

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$79,276$78,570$77,881$77,208$76,552$73,660
2 years$39,245$38,515$37,806$37,119$36,453$33,573
3 years$25,904$25,170$24,463$23,783$23,127$20,350
4 years$19,234$18,502$17,803$17,134$16,495$13,841
5 years$15,234$14,506$13,816$13,161$12,539$10,016
6 years$12,567$11,845$11,165$10,525$9,922$7,531
7 years$10,664$9,948$9,278$8,653$8,069$5,810
8 years$9,236$8,527$7,869$7,259$6,694$4,564
9 years$8,127$7,424$6,777$6,183$5,637$3,634
10 years$7,240$6,544$5,909$5,330$4,803$2,923
11 years$6,515$5,826$5,202$4,638$4,131$2,369
12 years$5,911$5,229$4,617$4,068$3,580$1,932
13 years$5,400$4,725$4,125$3,592$3,122$1,583
14 years$4,963$4,295$3,706$3,188$2,736$1,303
15 years$4,584$3,924$3,346$2,844$2,409$1,075
16 years$4,253$3,600$3,034$2,546$2,129$890
17 years$3,961$3,316$2,760$2,288$1,888$738
18 years$3,702$3,064$2,520$2,062$1,679$613
19 years$3,471$2,839$2,307$1,863$1,496$510
20 years$3,263$2,639$2,117$1,687$1,337$424
21 years$3,075$2,458$1,947$1,531$1,196$354
22 years$2,904$2,294$1,795$1,392$1,072$295
23 years$2,748$2,146$1,657$1,268$962$246
24 years$2,606$2,010$1,533$1,156$865$206
25 years$2,475$1,887$1,420$1,056$778$172
26 years$2,354$1,773$1,317$966$701$144
27 years$2,243$1,669$1,223$884$632$120
28 years$2,140$1,572$1,136$810$570$100
29 years$2,044$1,483$1,058$743$515$84
30 years$1,954$1,401$985$682$465$70
31 years$1,871$1,324$918$626$421$59
32 years$1,792$1,253$857$575$381$49
33 years$1,719$1,187$800$529$344$41
34 years$1,650$1,125$748$487$312$35
35 years$1,586$1,067$699$448$282$29
36 years$1,525$1,013$654$413$256$24
37 years$1,467$962$612$380$232$20
38 years$1,413$914$573$350$210$17
39 years$1,361$869$537$323$191$14
40 years$1,312$827$503$298$173$12
41 years$1,266$787$472$275$157$10
42 years$1,222$750$443$254$142$8
43 years$1,180$714$415$234$129$7
44 years$1,141$681$390$216$117$6
45 years$1,103$649$366$200$106$5
46 years$1,067$619$344$185$97$4
47 years$1,032$591$323$170$88$3
48 years$999$564$304$158$80$3
49 years$967$539$285$146$72$2
50 years$937$515$268$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $960,000, adding $3,567 every year, while hoping to spend $46,820 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: 63/31/6 Blend
41$960,000$960,000$960,000$960,000
42$1,061,599$1,010,719$995,839$1,127,154
43$1,120,066$1,010,428$979,384$1,170,988
44$1,182,928$1,008,554$960,808$1,212,997
45$1,250,582$1,004,969$939,991$1,257,642
46$1,323,468$999,539$916,807$1,305,176
47$1,402,066$992,121$891,124$1,355,879
48$1,486,905$982,563$862,805$1,410,059
49$1,578,564$970,703$831,704$1,468,059
50$1,677,683$956,373$797,671$1,530,257
51$1,784,962$939,391$760,549$1,597,071
52$1,901,173$919,565$720,171$1,668,964
53$2,027,162$896,694$676,367$1,746,449
54$2,163,863$870,562$628,955$1,830,091
55$2,312,300$840,942$577,748$1,920,517
56$2,473,601$807,595$522,549$2,018,420
57$2,649,006$770,265$463,152$2,124,566
58$2,839,879$728,683$399,343$2,239,800
59$3,047,724$682,565$330,898$2,365,060
60$3,274,191$631,610$257,582$2,501,381
61$3,521,099$575,499$179,152$2,649,906
62$3,790,449$513,897$95,351$2,811,899
63$4,084,444$446,447$5,915$2,988,759
64$4,405,509$372,775$0$3,182,029
65$4,756,313$292,482$0$3,399,147
66$5,139,794$205,151$0$3,637,044
67$5,559,187$110,338$0$3,897,442
68$6,018,056$7,576$0$4,182,663
69$6,520,322$0$0$4,495,270
70$7,070,304$0$0$4,873,442
71$7,672,760$0$0$5,290,594
72$8,332,926$0$0$5,747,778
73$9,056,572$0$0$6,248,997
74$9,850,051$0$0$6,798,661
75$10,720,360$0$0$7,401,627
76$11,675,208$0$0$8,063,245
77$12,723,083$0$0$8,789,408
78$13,873,337$0$0$9,586,606
79$15,136,271$0$0$10,461,990
80$16,523,231$0$0$11,423,436
81$18,046,718$0$0$12,479,620
82$19,720,501$0$0$13,640,102
83$21,559,750$0$0$14,915,411
84$23,581,177$0$0$16,317,148
85$25,803,193$0$0$17,858,094
86$28,246,082$0$0$19,552,328
87$30,932,190$0$0$21,415,366
88$33,886,140$0$0$23,464,297
89$37,135,056$0$0$25,717,952
90$40,708,827$0$0$28,197,080
91$44,640,381$0$0$30,924,540
92$48,966,001$0$0$33,925,519
93$53,725,661$0$0$37,227,767
94$58,963,407$0$0$40,861,863
95$64,727,773$0$0$44,861,498
96$71,072,232$0$0$49,263,796
97$78,055,705$0$0$54,109,660
98$85,743,118$0$0$59,444,162
99$94,206,007$0$0$65,316,966
100$103,523,199$0$0$71,782,795