Can I retire at age 42 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$53,676$53,198$52,732$52,276$51,832$50,558
2 years$26,572$26,078$25,598$25,133$24,682$23,407
3 years$17,539$17,042$16,564$16,103$15,659$14,422
4 years$13,023$12,528$12,054$11,601$11,168$9,979
5 years$10,314$9,822$9,354$8,911$8,490$7,352
6 years$8,509$8,020$7,560$7,126$6,718$5,632
7 years$7,220$6,735$6,282$5,859$5,463$4,430
8 years$6,254$5,773$5,328$4,915$4,532$3,550
9 years$5,503$5,027$4,589$4,186$3,817$2,886
10 years$4,902$4,431$4,001$3,609$3,252$2,371
11 years$4,411$3,945$3,522$3,141$2,797$1,965
12 years$4,002$3,540$3,126$2,755$2,424$1,639
13 years$3,656$3,200$2,793$2,432$2,114$1,374
14 years$3,360$2,908$2,509$2,159$1,853$1,158
15 years$3,104$2,657$2,266$1,925$1,631$979
16 years$2,880$2,438$2,054$1,724$1,442$830
17 years$2,682$2,245$1,869$1,549$1,278$705
18 years$2,507$2,074$1,706$1,396$1,137$601
19 years$2,350$1,923$1,562$1,261$1,013$513
20 years$2,209$1,786$1,433$1,142$905$438
21 years$2,082$1,664$1,319$1,037$810$375
22 years$1,966$1,553$1,215$943$726$321
23 years$1,861$1,453$1,122$858$652$275
24 years$1,764$1,361$1,038$783$586$236
25 years$1,676$1,277$961$715$527$203
26 years$1,594$1,201$891$654$475$174
27 years$1,519$1,130$828$598$428$150
28 years$1,449$1,065$769$548$386$129
29 years$1,384$1,004$716$503$349$111
30 years$1,323$949$667$461$315$95
31 years$1,267$897$622$424$285$82
32 years$1,214$848$580$390$258$71
33 years$1,164$803$542$358$233$61
34 years$1,117$762$506$330$211$52
35 years$1,074$722$473$303$191$45
36 years$1,032$686$443$279$173$39
37 years$993$651$414$257$157$33
38 years$957$619$388$237$142$29
39 years$922$588$364$219$129$25
40 years$889$560$341$202$117$21
41 years$857$533$319$186$106$18
42 years$828$508$300$172$96$16
43 years$799$484$281$159$87$14
44 years$772$461$264$146$79$12
45 years$747$440$248$135$72$10
46 years$722$419$233$125$65$9
47 years$699$400$219$115$59$8
48 years$676$382$206$107$54$7
49 years$655$365$193$99$49$6
50 years$635$348$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $650,000, adding $4,420 every year, while hoping to spend $38,017 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: 79/8/13 Blend
41$650,000$650,000$650,000$650,000
42$720,859$686,409$676,334$775,633
43$753,937$679,593$658,542$805,467
44$789,115$671,170$638,879$832,856
45$826,566$661,019$617,243$861,818
46$866,482$649,015$593,527$892,495
47$909,071$635,024$567,617$925,041
48$954,561$618,905$539,398$959,628
49$1,003,204$600,509$508,745$996,445
50$1,055,273$579,676$475,530$1,035,701
51$1,111,070$556,240$439,620$1,077,626
52$1,170,926$530,022$400,874$1,122,475
53$1,235,202$500,835$359,145$1,170,526
54$1,304,297$468,480$314,281$1,222,090
55$1,378,648$432,748$266,121$1,277,509
56$1,458,733$393,417$214,500$1,337,158
57$1,545,081$350,251$159,243$1,401,453
58$1,638,269$303,003$100,167$1,470,853
59$1,738,933$251,411$37,083$1,545,865
60$1,847,772$195,198$0$1,627,046
61$1,965,554$134,072$0$1,719,207
62$2,093,123$67,724$0$1,824,597
63$2,231,408$0$0$1,938,847
64$2,381,428$0$0$2,063,182
65$2,544,306$0$0$2,204,664
66$2,721,276$0$0$2,358,405
67$2,913,698$0$0$2,525,587
68$3,123,064$0$0$2,707,510
69$3,351,019$0$0$2,905,605
70$3,599,372$0$0$3,121,447
71$3,870,113$0$0$3,356,767
72$4,165,433$0$0$3,613,474
73$4,487,743$0$0$3,893,666
74$4,839,699$0$0$4,199,653
75$5,224,221$0$0$4,533,979
76$5,644,528$0$0$4,899,445
77$6,104,159$0$0$5,299,132
78$6,607,016$0$0$5,736,435
79$7,157,391$0$0$6,215,093
80$7,760,013$0$0$6,739,220
81$8,420,089$0$0$7,313,349
82$9,143,351$0$0$7,942,471
83$9,936,115$0$0$8,632,083
84$10,805,336$0$0$9,388,239
85$11,758,673$0$0$10,217,607
86$12,804,563$0$0$11,127,532
87$13,952,299$0$0$12,126,102
88$15,212,116$0$0$13,222,228
89$16,595,291$0$0$14,425,726
90$18,114,242$0$0$15,747,408
91$19,782,653$0$0$17,199,185
92$21,615,596$0$0$18,794,177
93$23,629,674$0$0$20,546,840
94$25,843,182$0$0$22,473,098
95$28,276,270$0$0$24,590,494
96$30,951,142$0$0$26,918,357
97$33,892,257$0$0$29,477,980
98$37,126,566$0$0$32,292,824
99$40,683,758$0$0$35,388,736
100$44,596,549$0$0$38,794,197