Can I retire at age 42 with 630,000?

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 $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%12.6%
1 years$52,025$51,561$51,109$50,668$50,237$49,692
2 years$25,755$25,275$24,810$24,360$23,922$23,373
3 years$16,999$16,518$16,054$15,607$15,177$14,642
4 years$12,622$12,142$11,683$11,244$10,825$10,306
5 years$9,997$9,520$9,067$8,637$8,229$7,729
6 years$8,247$7,773$7,327$6,907$6,511$6,031
7 years$6,998$6,528$6,089$5,678$5,295$4,835
8 years$6,061$5,596$5,164$4,764$4,393$3,953
9 years$5,333$4,872$4,448$4,057$3,699$3,279
10 years$4,751$4,295$3,878$3,498$3,152$2,751
11 years$4,275$3,823$3,414$3,044$2,711$2,328
12 years$3,879$3,432$3,030$2,670$2,349$1,985
13 years$3,544$3,101$2,707$2,357$2,049$1,703
14 years$3,257$2,819$2,432$2,092$1,796$1,467
15 years$3,008$2,575$2,196$1,866$1,581$1,270
16 years$2,791$2,363$1,991$1,671$1,397$1,103
17 years$2,600$2,176$1,812$1,501$1,239$960
18 years$2,430$2,011$1,654$1,353$1,102$839
19 years$2,278$1,863$1,514$1,222$982$734
20 years$2,141$1,732$1,389$1,107$877$643
21 years$2,018$1,613$1,278$1,005$785$565
22 years$1,906$1,506$1,178$914$704$497
23 years$1,804$1,408$1,088$832$632$437
24 years$1,710$1,319$1,006$759$568$385
25 years$1,624$1,238$932$693$511$340
26 years$1,545$1,164$864$634$460$300
27 years$1,472$1,095$802$580$415$265
28 years$1,404$1,032$746$531$374$234
29 years$1,341$973$694$487$338$207
30 years$1,282$919$646$447$305$183
31 years$1,228$869$603$411$276$162
32 years$1,176$822$562$378$250$144
33 years$1,128$779$525$347$226$127
34 years$1,083$738$491$319$205$113
35 years$1,041$700$459$294$185$100
36 years$1,001$664$429$271$168$89
37 years$963$631$402$250$152$79
38 years$927$600$376$230$138$70
39 years$893$570$352$212$125$62
40 years$861$543$330$196$114$55
41 years$831$517$310$180$103$49
42 years$802$492$290$167$93$43
43 years$775$469$273$154$85$38
44 years$749$447$256$142$77$34
45 years$724$426$240$131$70$30
46 years$700$406$226$121$63$27
47 years$677$388$212$112$58$24
48 years$656$370$199$103$52$21
49 years$635$354$187$96$48$19
50 years$615$338$176$88$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $630,000, adding $5,232 every year, while hoping to spend $44,335 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: 58/31/11 Blend
41$630,000$630,000$630,000$630,000
42$699,657$666,267$656,502$738,069
43$723,850$651,742$631,323$750,049
44$749,024$635,019$603,814$757,690
45$775,234$615,944$573,851$764,952
46$802,536$594,354$541,303$771,805
47$830,992$570,075$506,034$778,215
48$860,669$542,924$467,902$784,150
49$891,637$512,707$426,756$789,576
50$923,974$479,220$382,443$794,457
51$957,764$442,246$334,799$798,757
52$993,095$401,555$283,654$802,442
53$1,030,066$356,907$228,832$805,474
54$1,068,782$308,044$170,147$807,817
55$1,109,357$254,698$107,406$809,433
56$1,151,915$196,581$40,407$810,287
57$1,196,590$133,393$0$810,342
58$1,243,527$64,815$0$813,212
59$1,292,886$0$0$820,513
60$1,344,840$0$0$830,729
61$1,399,574$0$0$864,805
62$1,457,296$0$0$900,761
63$1,518,225$0$0$938,738
64$1,582,607$0$0$978,891
65$1,650,706$0$0$1,021,389
66$1,722,811$0$0$1,066,415
67$1,799,238$0$0$1,114,170
68$1,880,333$0$0$1,164,874
69$1,966,473$0$0$1,218,767
70$2,058,072$0$0$1,276,112
71$2,155,580$0$0$1,337,197
72$2,259,494$0$0$1,402,336
73$2,370,353$0$0$1,471,876
74$2,488,753$0$0$1,546,192
75$2,615,343$0$0$1,625,702
76$2,750,837$0$0$1,710,857
77$2,896,016$0$0$1,802,158
78$3,051,738$0$0$1,900,150
79$3,218,944$0$0$2,005,434
80$3,398,667$0$0$2,118,668
81$3,592,040$0$0$2,240,575
82$3,800,309$0$0$2,371,950
83$4,024,840$0$0$2,513,664
84$4,267,136$0$0$2,666,676
85$4,528,847$0$0$2,832,038
86$4,811,785$0$0$3,010,909
87$5,117,945$0$0$3,204,559
88$5,449,517$0$0$3,414,388
89$5,808,909$0$0$3,641,932
90$6,198,771$0$0$3,888,884
91$6,622,016$0$0$4,157,102
92$7,081,848$0$0$4,448,631
93$7,581,790$0$0$4,765,724
94$8,125,721$0$0$5,110,855
95$8,717,906$0$0$5,486,748
96$9,363,040$0$0$5,896,402
97$10,066,288$0$0$6,343,116
98$10,833,337$0$0$6,830,521
99$11,670,444$0$0$7,362,614
100$12,584,497$0$0$7,943,795