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%12.8%
1 years$53,676$53,198$52,732$52,276$51,832$51,227
2 years$26,572$26,078$25,598$25,133$24,682$24,073
3 years$17,539$17,042$16,564$16,103$15,659$15,065
4 years$13,023$12,528$12,054$11,601$11,168$10,594
5 years$10,314$9,822$9,354$8,911$8,490$7,936
6 years$8,509$8,020$7,560$7,126$6,718$6,186
7 years$7,220$6,735$6,282$5,859$5,463$4,954
8 years$6,254$5,773$5,328$4,915$4,532$4,045
9 years$5,503$5,027$4,589$4,186$3,817$3,351
10 years$4,902$4,431$4,001$3,609$3,252$2,808
11 years$4,411$3,945$3,522$3,141$2,797$2,374
12 years$4,002$3,540$3,126$2,755$2,424$2,022
13 years$3,656$3,200$2,793$2,432$2,114$1,732
14 years$3,360$2,908$2,509$2,159$1,853$1,491
15 years$3,104$2,657$2,266$1,925$1,631$1,288
16 years$2,880$2,438$2,054$1,724$1,442$1,117
17 years$2,682$2,245$1,869$1,549$1,278$972
18 years$2,507$2,074$1,706$1,396$1,137$847
19 years$2,350$1,923$1,562$1,261$1,013$740
20 years$2,209$1,786$1,433$1,142$905$648
21 years$2,082$1,664$1,319$1,037$810$568
22 years$1,966$1,553$1,215$943$726$499
23 years$1,861$1,453$1,122$858$652$438
24 years$1,764$1,361$1,038$783$586$386
25 years$1,676$1,277$961$715$527$340
26 years$1,594$1,201$891$654$475$299
27 years$1,519$1,130$828$598$428$264
28 years$1,449$1,065$769$548$386$233
29 years$1,384$1,004$716$503$349$206
30 years$1,323$949$667$461$315$182
31 years$1,267$897$622$424$285$161
32 years$1,214$848$580$390$258$142
33 years$1,164$803$542$358$233$126
34 years$1,117$762$506$330$211$111
35 years$1,074$722$473$303$191$98
36 years$1,032$686$443$279$173$87
37 years$993$651$414$257$157$77
38 years$957$619$388$237$142$68
39 years$922$588$364$219$129$60
40 years$889$560$341$202$117$53
41 years$857$533$319$186$106$47
42 years$828$508$300$172$96$42
43 years$799$484$281$159$87$37
44 years$772$461$264$146$79$33
45 years$747$440$248$135$72$29
46 years$722$419$233$125$65$26
47 years$699$400$219$115$59$23
48 years$676$382$206$107$54$20
49 years$655$365$193$99$49$18
50 years$635$348$182$91$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $650,000, adding $3,599 every year, while hoping to spend $37,812 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: 39/36/25 Blend
41$650,000$650,000$650,000$650,000
42$720,012$685,562$675,487$742,627
43$753,222$678,923$657,885$752,736
44$788,552$670,692$638,425$759,867
45$826,178$660,749$617,006$766,835
46$866,293$648,971$593,521$773,649
47$909,110$635,225$567,858$780,321
48$954,859$619,371$539,901$786,867
49$1,003,794$601,261$509,528$793,309
50$1,056,195$580,736$476,611$799,674
51$1,112,366$557,631$441,016$805,996
52$1,172,642$531,769$402,605$812,318
53$1,237,391$502,966$361,232$818,688
54$1,307,016$471,022$316,744$825,168
55$1,381,960$435,731$268,984$831,828
56$1,462,710$396,872$217,785$838,750
57$1,549,800$354,212$162,974$846,032
58$1,643,817$307,506$104,371$853,788
59$1,745,405$256,493$41,786$862,146
60$1,855,274$200,898$0$871,258
61$1,974,202$140,433$0$887,965
62$2,103,047$74,790$0$918,124
63$2,242,749$3,645$0$950,859
64$2,394,344$0$0$986,484
65$2,558,971$0$0$1,054,407
66$2,737,882$0$0$1,129,870
67$2,932,457$0$0$1,212,020
68$3,144,210$0$0$1,301,506
69$3,374,811$0$0$1,399,044
70$3,626,094$0$0$1,505,422
71$3,900,080$0$0$1,621,507
72$4,198,993$0$0$1,748,251
73$4,525,280$0$0$1,886,706
74$4,881,635$0$0$2,038,028
75$5,271,023$0$0$2,203,489
76$5,696,710$0$0$2,384,492
77$6,162,290$0$0$2,582,578
78$6,671,722$0$0$2,799,447
79$7,229,364$0$0$3,036,971
80$7,840,014$0$0$3,297,209
81$8,508,958$0$0$3,582,431
82$9,242,017$0$0$3,895,137
83$10,045,599$0$0$4,238,078
84$10,926,765$0$0$4,614,287
85$11,893,291$0$0$5,027,103
86$12,953,739$0$0$5,480,204
87$14,117,545$0$0$5,977,642
88$15,395,098$0$0$6,523,881
89$16,797,844$0$0$7,123,835
90$18,338,393$0$0$7,782,923
91$20,030,634$0$0$8,507,110
92$21,889,868$0$0$9,302,969
93$23,932,951$0$0$10,177,742
94$26,178,453$0$0$11,139,407
95$28,646,833$0$0$12,196,753
96$31,360,631$0$0$13,359,464
97$34,344,679$0$0$14,638,209
98$37,626,335$0$0$16,044,742
99$41,235,743$0$0$17,592,015
100$45,206,113$0$0$19,294,296