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%12.2%
1 years$53,676$53,198$52,732$52,276$51,832$51,355
2 years$26,572$26,078$25,598$25,133$24,682$24,201
3 years$17,539$17,042$16,564$16,103$15,659$15,190
4 years$13,023$12,528$12,054$11,601$11,168$10,714
5 years$10,314$9,822$9,354$8,911$8,490$8,052
6 years$8,509$8,020$7,560$7,126$6,718$6,296
7 years$7,220$6,735$6,282$5,859$5,463$5,059
8 years$6,254$5,773$5,328$4,915$4,532$4,145
9 years$5,503$5,027$4,589$4,186$3,817$3,446
10 years$4,902$4,431$4,001$3,609$3,252$2,898
11 years$4,411$3,945$3,522$3,141$2,797$2,459
12 years$4,002$3,540$3,126$2,755$2,424$2,102
13 years$3,656$3,200$2,793$2,432$2,114$1,808
14 years$3,360$2,908$2,509$2,159$1,853$1,562
15 years$3,104$2,657$2,266$1,925$1,631$1,356
16 years$2,880$2,438$2,054$1,724$1,442$1,180
17 years$2,682$2,245$1,869$1,549$1,278$1,031
18 years$2,507$2,074$1,706$1,396$1,137$903
19 years$2,350$1,923$1,562$1,261$1,013$792
20 years$2,209$1,786$1,433$1,142$905$696
21 years$2,082$1,664$1,319$1,037$810$613
22 years$1,966$1,553$1,215$943$726$541
23 years$1,861$1,453$1,122$858$652$478
24 years$1,764$1,361$1,038$783$586$422
25 years$1,676$1,277$961$715$527$373
26 years$1,594$1,201$891$654$475$331
27 years$1,519$1,130$828$598$428$293
28 years$1,449$1,065$769$548$386$260
29 years$1,384$1,004$716$503$349$231
30 years$1,323$949$667$461$315$205
31 years$1,267$897$622$424$285$182
32 years$1,214$848$580$390$258$162
33 years$1,164$803$542$358$233$144
34 years$1,117$762$506$330$211$128
35 years$1,074$722$473$303$191$113
36 years$1,032$686$443$279$173$101
37 years$993$651$414$257$157$90
38 years$957$619$388$237$142$80
39 years$922$588$364$219$129$71
40 years$889$560$341$202$117$63
41 years$857$533$319$186$106$56
42 years$828$508$300$172$96$50
43 years$799$484$281$159$87$45
44 years$772$461$264$146$79$40
45 years$747$440$248$135$72$35
46 years$722$419$233$125$65$32
47 years$699$400$219$115$59$28
48 years$676$382$206$107$54$25
49 years$655$365$193$99$49$22
50 years$635$348$182$91$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $650,000, adding $2,122 every year, while hoping to spend $43,237 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: 47/47/6 Blend
41$650,000$650,000$650,000$650,000
42$718,489$684,039$673,964$751,019
43$745,771$671,553$650,538$761,058
44$774,387$657,006$624,878$767,221
45$804,426$640,252$596,864$772,892
46$835,988$621,134$566,369$778,035
47$869,179$599,490$533,262$782,617
48$904,115$575,144$497,406$786,605
49$940,922$547,914$458,656$789,964
50$979,737$517,603$416,863$792,660
51$1,020,712$484,007$371,869$794,660
52$1,064,009$446,908$323,511$795,931
53$1,109,806$406,075$271,617$796,441
54$1,158,299$361,265$216,009$796,161
55$1,209,699$312,221$156,499$795,061
56$1,264,240$258,671$92,893$793,118
57$1,322,175$200,329$24,988$790,308
58$1,383,783$136,891$0$786,613
59$1,449,367$68,037$0$785,058
60$1,519,261$0$0$784,501
61$1,593,828$0$0$786,751
62$1,673,469$0$0$826,780
63$1,758,621$0$0$869,624
64$1,849,764$0$0$915,532
65$1,947,424$0$0$964,774
66$2,052,179$0$0$1,017,648
67$2,164,661$0$0$1,074,482
68$2,285,565$0$0$1,135,632
69$2,415,656$0$0$1,201,495
70$2,555,770$0$0$1,272,501
71$2,706,828$0$0$1,349,126
72$2,869,840$0$0$1,431,891
73$3,045,917$0$0$1,521,372
74$3,236,280$0$0$1,618,197
75$3,442,270$0$0$1,723,060
76$3,665,361$0$0$1,836,724
77$3,907,175$0$0$1,960,025
78$4,169,494$0$0$2,093,885
79$4,454,279$0$0$2,239,319
80$4,763,687$0$0$2,397,439
81$5,100,089$0$0$2,569,475
82$5,466,094$0$0$2,756,774
83$5,864,575$0$0$2,960,821
84$6,298,690$0$0$3,183,251
85$6,771,917$0$0$3,425,863
86$7,288,082$0$0$3,690,636
87$7,851,397$0$0$3,979,748
88$8,466,498$0$0$4,295,599
89$9,138,488$0$0$4,640,829
90$9,872,986$0$0$5,018,346
91$10,676,178$0$0$5,431,350
92$11,554,873$0$0$5,883,366
93$12,516,572$0$0$6,378,276
94$13,569,532$0$0$6,920,352
95$14,722,847$0$0$7,514,303
96$15,986,530$0$0$8,165,310
97$17,371,610$0$0$8,879,084
98$18,890,234$0$0$9,661,911
99$20,555,779$0$0$10,520,718
100$22,382,980$0$0$11,463,131