Can I retire at age 42 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$52,851$52,380$51,921$51,472$51,034$49,740
2 years$26,164$25,676$25,204$24,746$24,302$23,007
3 years$17,269$16,780$16,309$15,855$15,418$14,162
4 years$12,823$12,335$11,869$11,423$10,996$9,789
5 years$10,156$9,671$9,211$8,774$8,359$7,204
6 years$8,378$7,897$7,443$7,016$6,614$5,513
7 years$7,109$6,632$6,186$5,769$5,379$4,331
8 years$6,158$5,685$5,246$4,839$4,463$3,467
9 years$5,418$4,950$4,518$4,122$3,758$2,815
10 years$4,827$4,363$3,939$3,553$3,202$2,310
11 years$4,343$3,884$3,468$3,092$2,754$1,912
12 years$3,941$3,486$3,078$2,712$2,387$1,592
13 years$3,600$3,150$2,750$2,395$2,081$1,334
14 years$3,309$2,864$2,471$2,126$1,824$1,122
15 years$3,056$2,616$2,231$1,896$1,606$947
16 years$2,835$2,400$2,022$1,697$1,420$802
17 years$2,641$2,210$1,840$1,525$1,259$681
18 years$2,468$2,042$1,680$1,374$1,119$579
19 years$2,314$1,893$1,538$1,242$998$493
20 years$2,175$1,759$1,411$1,125$891$421
21 years$2,050$1,638$1,298$1,021$797$360
22 years$1,936$1,529$1,197$928$715$308
23 years$1,832$1,430$1,105$845$642$263
24 years$1,737$1,340$1,022$771$577$226
25 years$1,650$1,258$946$704$519$193
26 years$1,570$1,182$878$644$467$166
27 years$1,495$1,112$815$589$421$142
28 years$1,426$1,048$758$540$380$122
29 years$1,362$989$705$495$343$105
30 years$1,303$934$657$454$310$90
31 years$1,247$883$612$417$280$77
32 years$1,195$835$571$384$254$67
33 years$1,146$791$533$353$230$57
34 years$1,100$750$498$324$208$49
35 years$1,057$711$466$299$188$42
36 years$1,016$675$436$275$171$36
37 years$978$641$408$253$155$31
38 years$942$609$382$234$140$27
39 years$908$579$358$215$127$23
40 years$875$551$335$199$115$20
41 years$844$525$315$183$105$17
42 years$815$500$295$169$95$15
43 years$787$476$277$156$86$13
44 years$760$454$260$144$78$11
45 years$735$433$244$133$71$9
46 years$711$413$229$123$64$8
47 years$688$394$215$114$59$7
48 years$666$376$202$105$53$6
49 years$645$359$190$97$48$5
50 years$625$343$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $640,000, adding $4,002 every year, while hoping to spend $30,927 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: 52/36/12 Blend
41$640,000$640,000$640,000$640,000
42$709,408$675,488$665,568$743,846
43$748,862$675,681$654,959$767,978
44$791,303$674,847$642,957$790,572
45$837,004$672,902$629,484$814,436
46$886,264$669,760$614,457$839,695
47$939,410$665,326$597,789$866,494
48$996,804$659,501$579,389$894,989
49$1,058,842$652,180$559,163$925,356
50$1,125,959$643,252$537,010$957,792
51$1,198,635$632,599$512,827$992,511
52$1,277,394$620,096$486,506$1,029,757
53$1,362,817$605,609$457,933$1,069,796
54$1,455,540$588,999$426,989$1,112,925
55$1,556,262$570,117$393,550$1,159,474
56$1,665,754$548,806$357,487$1,209,809
57$1,784,863$524,900$318,665$1,264,337
58$1,914,522$498,222$276,943$1,323,507
59$2,055,754$468,587$232,172$1,387,818
60$2,209,690$435,796$184,198$1,457,824
61$2,377,571$399,643$132,862$1,534,138
62$2,560,765$359,907$77,994$1,617,440
63$2,760,776$316,355$19,420$1,708,482
64$2,979,260$268,742$0$1,808,099
65$3,218,042$216,807$0$1,922,731
66$3,479,129$160,277$0$2,050,895
67$3,764,731$98,862$0$2,191,259
68$4,077,283$32,256$0$2,345,103
69$4,419,464$0$0$2,513,840
70$4,794,226$0$0$2,714,825
71$5,204,819$0$0$2,949,088
72$5,654,823$0$0$3,205,904
73$6,148,179$0$0$3,487,529
74$6,689,229$0$0$3,796,450
75$7,282,755$0$0$4,135,407
76$7,934,025$0$0$4,507,416
77$8,648,839$0$0$4,915,802
78$9,433,589$0$0$5,364,225
79$10,295,315$0$0$5,856,717
80$11,241,770$0$0$6,397,723
81$12,281,499$0$0$6,992,135
82$13,423,912$0$0$7,645,345
83$14,679,376$0$0$8,363,293
84$16,059,314$0$0$9,152,522
85$17,576,309$0$0$10,020,242
86$19,244,224$0$0$10,974,396
87$21,078,332$0$0$12,023,734
88$23,095,463$0$0$13,177,899
89$25,314,156$0$0$14,447,512
90$27,754,839$0$0$15,844,277
91$30,440,018$0$0$17,381,091
92$33,394,493$0$0$19,072,162
93$36,645,586$0$0$20,933,146
94$40,223,404$0$0$22,981,292
95$44,161,118$0$0$25,235,607
96$48,495,279$0$0$27,717,035
97$53,266,161$0$0$30,448,651
98$58,518,140$0$0$33,455,883
99$64,300,115$0$0$36,766,749
100$70,665,964$0$0$40,412,122