Can I retire at age 42 with 620,000?

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 $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%14.2%
1 years$51,199$50,743$50,298$49,864$49,440$48,581
2 years$25,346$24,874$24,417$23,973$23,543$22,680
3 years$16,730$16,255$15,799$15,360$14,936$14,097
4 years$12,422$11,949$11,498$11,066$10,653$9,843
5 years$9,838$9,369$8,923$8,500$8,098$7,320
6 years$8,116$7,650$7,211$6,797$6,408$5,663
7 years$6,887$6,425$5,992$5,588$5,211$4,499
8 years$5,965$5,507$5,082$4,688$4,323$3,644
9 years$5,249$4,795$4,377$3,993$3,641$2,995
10 years$4,676$4,226$3,816$3,442$3,102$2,488
11 years$4,207$3,763$3,360$2,996$2,668$2,085
12 years$3,817$3,377$2,982$2,628$2,312$1,760
13 years$3,488$3,052$2,664$2,320$2,016$1,493
14 years$3,205$2,774$2,393$2,059$1,767$1,274
15 years$2,961$2,534$2,161$1,836$1,556$1,090
16 years$2,747$2,325$1,959$1,644$1,375$936
17 years$2,558$2,141$1,783$1,477$1,219$806
18 years$2,391$1,979$1,627$1,331$1,084$696
19 years$2,242$1,834$1,490$1,203$966$602
20 years$2,107$1,704$1,367$1,090$863$521
21 years$1,986$1,587$1,258$989$772$452
22 years$1,875$1,482$1,159$899$692$393
23 years$1,775$1,386$1,070$819$622$342
24 years$1,683$1,298$990$747$559$297
25 years$1,598$1,218$917$682$503$259
26 years$1,521$1,145$850$624$453$226
27 years$1,449$1,078$790$571$408$197
28 years$1,382$1,016$734$523$368$172
29 years$1,320$958$683$480$333$150
30 years$1,262$905$636$440$301$131
31 years$1,208$855$593$404$272$114
32 years$1,158$809$553$372$246$100
33 years$1,110$766$517$342$222$87
34 years$1,066$726$483$314$201$76
35 years$1,024$689$451$289$182$67
36 years$985$654$422$267$165$58
37 years$948$621$395$246$150$51
38 years$912$590$370$226$136$45
39 years$879$561$347$209$123$39
40 years$848$534$325$192$112$34
41 years$818$508$305$178$101$30
42 years$789$484$286$164$92$26
43 years$762$461$268$151$83$23
44 years$737$440$252$140$76$20
45 years$712$419$236$129$69$18
46 years$689$400$222$119$62$15
47 years$667$382$209$110$57$13
48 years$645$364$196$102$51$12
49 years$625$348$184$94$47$10
50 years$605$332$173$87$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $620,000, adding $5,439 every year, while hoping to spend $25,600 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: 32/38/30 Blend
41$620,000$620,000$620,000$620,000
42$688,850$655,990$646,380$704,473
43$731,875$660,896$640,796$721,883
44$778,430$665,183$634,166$738,007
45$828,849$668,796$626,430$754,882
46$883,497$671,673$617,521$772,594
47$942,778$673,749$607,372$791,237
48$1,007,134$674,956$595,912$810,919
49$1,077,053$675,219$583,066$831,759
50$1,153,069$674,463$568,756$853,890
51$1,235,774$672,603$552,901$877,463
52$1,325,815$669,552$535,415$902,645
53$1,423,905$665,218$516,209$929,623
54$1,530,831$659,501$495,189$958,605
55$1,647,457$652,297$472,259$989,825
56$1,774,733$643,495$447,315$1,023,541
57$1,913,708$632,979$420,252$1,060,045
58$2,065,533$620,622$390,958$1,099,657
59$2,231,478$606,293$359,316$1,142,738
60$2,412,941$589,853$325,205$1,189,686
61$2,611,459$571,154$288,497$1,240,945
62$2,828,726$550,039$249,060$1,297,010
63$3,066,608$526,343$206,756$1,358,430
64$3,327,159$499,891$161,439$1,425,813
65$3,612,640$470,496$112,958$1,499,837
66$3,925,542$437,964$61,155$1,581,253
67$4,268,610$402,086$5,866$1,670,896
68$4,644,865$362,645$0$1,769,691
69$5,057,634$319,407$0$1,895,671
70$5,510,584$272,130$0$2,036,076
71$6,007,753$220,553$0$2,190,345
72$6,553,588$164,405$0$2,359,938
73$7,152,990$103,396$0$2,546,467
74$7,811,354$37,222$0$2,751,713
75$8,534,628$0$0$2,977,645
76$9,329,361$0$0$3,240,837
77$10,202,770$0$0$3,547,290
78$11,162,803$0$0$3,884,242
79$12,218,219$0$0$4,254,779
80$13,378,667$0$0$4,662,303
81$14,654,777$0$0$5,110,561
82$16,058,263$0$0$5,603,681
83$17,602,028$0$0$6,146,212
84$19,300,291$0$0$6,743,167
85$21,168,716$0$0$7,400,068
86$23,224,564$0$0$8,122,999
87$25,486,853$0$0$8,918,665
88$27,976,537$0$0$9,794,453
89$30,716,705$0$0$10,758,503
90$33,732,796$0$0$11,819,784
91$37,052,843$0$0$12,988,179
92$40,707,733$0$0$14,274,578
93$44,731,499$0$0$15,690,981
94$49,161,645$0$0$17,250,608
95$54,039,492$0$0$18,968,031
96$59,410,576$0$0$20,859,304
97$65,325,071$0$0$22,942,117
98$71,838,264$0$0$25,235,965
99$79,011,080$0$0$27,762,329
100$86,910,650$0$0$30,544,879