Can I retire at age 42 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$52,025$51,561$51,109$50,668$50,237$49,344
2 years$25,755$25,275$24,810$24,360$23,922$23,026
3 years$16,999$16,518$16,054$15,607$15,177$14,305
4 years$12,622$12,142$11,683$11,244$10,825$9,983
5 years$9,997$9,520$9,067$8,637$8,229$7,421
6 years$8,247$7,773$7,327$6,907$6,511$5,737
7 years$6,998$6,528$6,089$5,678$5,295$4,556
8 years$6,061$5,596$5,164$4,764$4,393$3,688
9 years$5,333$4,872$4,448$4,057$3,699$3,029
10 years$4,751$4,295$3,878$3,498$3,152$2,515
11 years$4,275$3,823$3,414$3,044$2,711$2,106
12 years$3,879$3,432$3,030$2,670$2,349$1,776
13 years$3,544$3,101$2,707$2,357$2,049$1,507
14 years$3,257$2,819$2,432$2,092$1,796$1,284
15 years$3,008$2,575$2,196$1,866$1,581$1,098
16 years$2,791$2,363$1,991$1,671$1,397$942
17 years$2,600$2,176$1,812$1,501$1,239$811
18 years$2,430$2,011$1,654$1,353$1,102$700
19 years$2,278$1,863$1,514$1,222$982$604
20 years$2,141$1,732$1,389$1,107$877$523
21 years$2,018$1,613$1,278$1,005$785$454
22 years$1,906$1,506$1,178$914$704$394
23 years$1,804$1,408$1,088$832$632$342
24 years$1,710$1,319$1,006$759$568$297
25 years$1,624$1,238$932$693$511$259
26 years$1,545$1,164$864$634$460$225
27 years$1,472$1,095$802$580$415$196
28 years$1,404$1,032$746$531$374$171
29 years$1,341$973$694$487$338$149
30 years$1,282$919$646$447$305$130
31 years$1,228$869$603$411$276$114
32 years$1,176$822$562$378$250$99
33 years$1,128$779$525$347$226$87
34 years$1,083$738$491$319$205$76
35 years$1,041$700$459$294$185$66
36 years$1,001$664$429$271$168$58
37 years$963$631$402$250$152$51
38 years$927$600$376$230$138$44
39 years$893$570$352$212$125$39
40 years$861$543$330$196$114$34
41 years$831$517$310$180$103$30
42 years$802$492$290$167$93$26
43 years$775$469$273$154$85$23
44 years$749$447$256$142$77$20
45 years$724$426$240$131$70$17
46 years$700$406$226$121$63$15
47 years$677$388$212$112$58$13
48 years$656$370$199$103$52$12
49 years$635$354$187$96$48$10
50 years$615$338$176$88$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $630,000, adding $4,259 every year, while hoping to spend $48,724 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: 39/44/17 Blend
41$630,000$630,000$630,000$630,000
42$698,653$665,263$655,498$722,199
43$718,074$646,019$625,615$720,183
44$737,842$624,199$593,099$713,004
45$757,943$599,625$557,808$704,213
46$778,356$572,110$519,597$693,690
47$799,059$541,454$478,315$681,305
48$820,025$507,448$433,800$666,923
49$841,223$469,868$385,888$650,397
50$862,616$428,479$334,403$631,575
51$884,162$383,034$279,165$610,290
52$905,813$333,269$219,983$586,368
53$927,513$278,906$156,660$559,622
54$949,200$219,653$88,989$529,853
55$970,802$155,200$16,753$496,851
56$992,238$85,219$0$460,389
57$1,013,417$9,365$0$431,173
58$1,034,235$0$0$401,956
59$1,054,576$0$0$404,681
60$1,074,309$0$0$411,632
61$1,093,289$0$0$418,212
62$1,111,351$0$0$424,347
63$1,128,311$0$0$429,958
64$1,143,964$0$0$434,954
65$1,158,082$0$0$439,235
66$1,170,410$0$0$442,691
67$1,180,662$0$0$445,197
68$1,188,522$0$0$446,615
69$1,193,638$0$0$446,792
70$1,195,619$0$0$445,557
71$1,194,028$0$0$442,722
72$1,188,384$0$0$438,078
73$1,178,150$0$0$431,390
74$1,162,731$0$0$422,402
75$1,141,469$0$0$410,829
76$1,113,632$0$0$396,353
77$1,078,411$0$0$378,624
78$1,034,910$0$0$357,256
79$982,137$0$0$331,818
80$918,994$0$0$301,836
81$844,265$0$0$266,786
82$756,608$0$0$226,086
83$654,535$0$0$179,096
84$536,405$0$0$125,107
85$400,402$0$0$63,334
86$244,518$0$0$0
87$66,538$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0