Can I retire at age 42 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$51,199$50,743$50,298$49,864$49,440$47,516
2 years$25,346$24,874$24,417$23,973$23,543$21,628
3 years$16,730$16,255$15,799$15,360$14,936$13,090
4 years$12,422$11,949$11,498$11,066$10,653$8,890
5 years$9,838$9,369$8,923$8,500$8,098$6,423
6 years$8,116$7,650$7,211$6,797$6,408$4,821
7 years$6,887$6,425$5,992$5,588$5,211$3,713
8 years$5,965$5,507$5,082$4,688$4,323$2,912
9 years$5,249$4,795$4,377$3,993$3,641$2,314
10 years$4,676$4,226$3,816$3,442$3,102$1,858
11 years$4,207$3,763$3,360$2,996$2,668$1,503
12 years$3,817$3,377$2,982$2,628$2,312$1,223
13 years$3,488$3,052$2,664$2,320$2,016$1,000
14 years$3,205$2,774$2,393$2,059$1,767$821
15 years$2,961$2,534$2,161$1,836$1,556$676
16 years$2,747$2,325$1,959$1,644$1,375$558
17 years$2,558$2,141$1,783$1,477$1,219$462
18 years$2,391$1,979$1,627$1,331$1,084$383
19 years$2,242$1,834$1,490$1,203$966$318
20 years$2,107$1,704$1,367$1,090$863$264
21 years$1,986$1,587$1,258$989$772$219
22 years$1,875$1,482$1,159$899$692$183
23 years$1,775$1,386$1,070$819$622$152
24 years$1,683$1,298$990$747$559$127
25 years$1,598$1,218$917$682$503$106
26 years$1,521$1,145$850$624$453$88
27 years$1,449$1,078$790$571$408$73
28 years$1,382$1,016$734$523$368$61
29 years$1,320$958$683$480$333$51
30 years$1,262$905$636$440$301$43
31 years$1,208$855$593$404$272$36
32 years$1,158$809$553$372$246$30
33 years$1,110$766$517$342$222$25
34 years$1,066$726$483$314$201$21
35 years$1,024$689$451$289$182$17
36 years$985$654$422$267$165$14
37 years$948$621$395$246$150$12
38 years$912$590$370$226$136$10
39 years$879$561$347$209$123$8
40 years$848$534$325$192$112$7
41 years$818$508$305$178$101$6
42 years$789$484$286$164$92$5
43 years$762$461$268$151$83$4
44 years$737$440$252$140$76$3
45 years$712$419$236$129$69$3
46 years$689$400$222$119$62$2
47 years$667$382$209$110$57$2
48 years$645$364$196$102$51$2
49 years$625$348$184$94$47$1
50 years$605$332$173$87$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $620,000, adding $4,794 every year, while hoping to spend $21,187 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: 46/46/8 Blend
41$620,000$620,000$620,000$620,000
42$688,185$655,325$645,715$718,106
43$735,837$664,893$644,804$748,787
44$787,640$674,220$643,152$779,462
45$843,993$683,271$640,712$812,247
46$905,340$692,011$637,435$847,346
47$972,164$700,399$633,269$884,980
48$1,045,001$708,395$628,159$925,396
49$1,124,438$715,952$622,049$968,865
50$1,211,122$723,025$614,879$1,015,689
51$1,305,765$729,563$606,586$1,066,198
52$1,409,152$735,510$597,106$1,120,759
53$1,522,146$740,811$586,369$1,179,776
54$1,645,697$745,402$574,305$1,243,694
55$1,780,851$749,220$560,837$1,313,007
56$1,928,761$752,195$545,888$1,388,259
57$2,090,694$754,253$529,375$1,470,051
58$2,268,049$755,315$511,213$1,559,046
59$2,462,363$755,299$491,312$1,655,976
60$2,675,331$754,115$469,578$1,761,650
61$2,908,819$751,671$445,913$1,876,960
62$3,164,881$747,865$420,214$2,002,891
63$3,445,782$742,593$392,374$2,140,532
64$3,754,014$735,743$362,281$2,291,083
65$4,092,324$727,195$329,817$2,455,868
66$4,463,736$716,823$294,862$2,636,351
67$4,871,584$704,493$257,286$2,834,145
68$5,319,537$690,065$216,957$3,051,033
69$5,811,640$673,388$173,735$3,288,980
70$6,352,346$654,303$127,474$3,550,155
71$6,946,564$632,643$78,023$3,836,954
72$7,599,700$608,229$25,223$4,152,018
73$8,317,710$580,873$0$4,498,261
74$9,107,157$550,376$0$4,881,557
75$9,975,271$516,528$0$5,305,269
76$10,930,016$479,105$0$5,771,170
77$11,980,169$437,873$0$6,283,596
78$13,135,399$392,582$0$6,847,329
79$14,406,360$342,969$0$7,467,643
80$15,804,791$288,756$0$8,150,352
81$17,343,624$229,650$0$8,901,873
82$19,037,111$165,340$0$9,729,279
83$20,900,954$95,499$0$10,640,372
84$22,952,453$19,780$0$11,643,754
85$25,210,672$0$0$12,748,915
86$27,696,617$0$0$13,997,790
87$30,433,435$0$0$15,383,808
88$33,446,628$0$0$16,909,886
89$36,764,300$0$0$18,590,266
90$40,417,417$0$0$20,440,646
91$44,440,101$0$0$22,478,321
92$48,869,953$0$0$24,722,350
93$53,748,403$0$0$27,193,734
94$59,121,108$0$0$29,915,615
95$65,038,376$0$0$32,913,493
96$71,555,642$0$0$36,215,469
97$78,733,995$0$0$39,852,508
98$86,640,750$0$0$43,858,731
99$95,350,084$0$0$48,271,740
100$104,943,738$0$0$53,132,966