Can I retire at age 42 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$80,515$79,797$79,098$78,415$77,748$77,129
2 years$39,859$39,116$38,397$37,699$37,023$36,399
3 years$26,309$25,563$24,845$24,154$23,489$22,879
4 years$19,535$18,791$18,081$17,402$16,752$16,162
5 years$15,472$14,733$14,032$13,366$12,735$12,165
6 years$12,764$12,030$11,340$10,689$10,077$9,528
7 years$10,830$10,103$9,423$8,788$8,195$7,668
8 years$9,381$8,660$7,992$7,372$6,799$6,294
9 years$8,254$7,540$6,883$6,279$5,725$5,242
10 years$7,353$6,646$6,001$5,413$4,878$4,416
11 years$6,617$5,917$5,283$4,711$4,196$3,755
12 years$6,003$5,311$4,689$4,132$3,636$3,215
13 years$5,485$4,799$4,189$3,648$3,170$2,770
14 years$5,040$4,362$3,764$3,238$2,779$2,399
15 years$4,656$3,985$3,398$2,888$2,447$2,086
16 years$4,320$3,656$3,081$2,586$2,163$1,820
17 years$4,023$3,367$2,804$2,323$1,918$1,593
18 years$3,760$3,112$2,559$2,094$1,705$1,398
19 years$3,525$2,884$2,343$1,892$1,520$1,229
20 years$3,314$2,680$2,150$1,714$1,357$1,083
21 years$3,123$2,496$1,978$1,555$1,215$956
22 years$2,949$2,330$1,823$1,414$1,089$845
23 years$2,791$2,179$1,683$1,288$977$748
24 years$2,647$2,042$1,557$1,174$879$662
25 years$2,514$1,916$1,442$1,073$791$587
26 years$2,391$1,801$1,337$981$712$521
27 years$2,278$1,695$1,242$898$642$463
28 years$2,173$1,597$1,154$822$579$412
29 years$2,076$1,507$1,074$754$523$366
30 years$1,985$1,423$1,000$692$473$326
31 years$1,900$1,345$933$636$427$290
32 years$1,820$1,273$870$584$387$258
33 years$1,746$1,205$813$537$350$230
34 years$1,676$1,142$759$494$317$205
35 years$1,610$1,083$710$455$287$183
36 years$1,549$1,028$664$419$260$163
37 years$1,490$977$622$386$236$146
38 years$1,435$928$582$356$214$130
39 years$1,383$883$545$328$194$116
40 years$1,333$840$511$303$176$103
41 years$1,286$799$479$279$159$92
42 years$1,241$761$450$258$145$82
43 years$1,199$725$422$238$131$74
44 years$1,158$691$396$220$119$66
45 years$1,120$659$372$203$108$59
46 years$1,083$629$349$187$98$52
47 years$1,048$600$328$173$89$47
48 years$1,015$573$308$160$81$42
49 years$983$547$290$148$74$37
50 years$952$523$272$137$67$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $975,000, adding $2,317 every year, while hoping to spend $41,990 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: 60/19/21 Blend
41$975,000$975,000$975,000$975,000
42$1,076,840$1,025,165$1,010,052$1,135,364
43$1,142,001$1,030,721$999,212$1,180,852
44$1,212,400$1,035,142$986,601$1,225,654
45$1,288,529$1,038,328$972,117$1,273,594
46$1,370,926$1,040,173$955,649$1,324,984
47$1,460,182$1,040,563$937,085$1,380,169
48$1,556,950$1,039,380$916,307$1,439,530
49$1,661,944$1,036,495$893,188$1,503,487
50$1,775,952$1,031,773$867,600$1,572,507
51$1,899,841$1,025,072$839,407$1,647,103
52$2,034,563$1,016,238$808,465$1,727,845
53$2,181,166$1,005,112$774,626$1,815,361
54$2,340,804$991,521$737,735$1,910,347
55$2,514,745$975,284$697,628$2,013,570
56$2,704,386$956,211$654,136$2,125,878
57$2,911,265$934,096$607,080$2,248,209
58$3,137,072$908,725$556,276$2,381,598
59$3,383,671$879,870$501,529$2,527,190
60$3,653,112$847,290$442,636$2,686,248
61$3,947,651$810,729$379,386$2,860,168
62$4,269,773$769,917$311,558$3,050,490
63$4,622,215$724,568$238,920$3,258,919
64$5,007,990$674,380$161,232$3,487,332
65$5,430,414$619,034$78,243$3,737,805
66$5,893,141$558,191$0$4,012,630
67$6,400,194$491,495$0$4,316,650
68$6,956,004$418,569$0$4,669,203
69$7,565,451$339,013$0$5,055,887
70$8,233,910$252,407$0$5,480,171
71$8,967,300$158,307$0$5,945,879
72$9,772,141$56,241$0$6,457,230
73$10,655,618$0$0$7,018,873
74$11,625,640$0$0$7,647,284
75$12,690,924$0$0$8,350,403
76$13,861,071$0$0$9,122,817
77$15,146,655$0$0$9,971,519
78$16,559,330$0$0$10,904,211
79$18,111,931$0$0$11,929,379
80$19,818,599$0$0$13,056,372
81$21,694,913$0$0$14,295,488
82$23,758,038$0$0$15,658,077
83$26,026,884$0$0$17,156,640
84$28,522,287$0$0$18,804,952
85$31,267,202$0$0$20,618,189
86$34,286,921$0$0$22,613,073
87$37,609,311$0$0$24,808,028
88$41,265,076$0$0$27,223,354
89$45,288,047$0$0$29,881,417
90$49,715,499$0$0$32,806,863
91$54,588,507$0$0$36,026,847
92$59,952,324$0$0$39,571,291
93$65,856,819$0$0$43,473,163
94$72,356,937$0$0$47,768,793
95$79,513,223$0$0$52,498,210
96$87,392,389$0$0$57,705,523
97$96,067,949$0$0$63,439,336
98$105,620,904$0$0$69,753,205
99$116,140,513$0$0$76,706,145
100$127,725,129$0$0$84,363,186