Can I retire at age 42 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$54,502$54,017$53,543$53,081$52,629$51,651
2 years$26,981$26,479$25,992$25,520$25,062$24,080
3 years$17,809$17,304$16,818$16,351$15,900$14,945
4 years$13,224$12,720$12,239$11,780$11,340$10,420
5 years$10,473$9,973$9,498$9,048$8,621$7,737
6 years$8,640$8,144$7,676$7,236$6,821$5,975
7 years$7,331$6,839$6,379$5,949$5,547$4,740
8 years$6,350$5,862$5,410$4,990$4,602$3,832
9 years$5,587$5,104$4,659$4,251$3,876$3,143
10 years$4,977$4,499$4,062$3,664$3,302$2,607
11 years$4,479$4,005$3,576$3,189$2,840$2,181
12 years$4,064$3,595$3,174$2,797$2,461$1,837
13 years$3,713$3,249$2,836$2,469$2,146$1,556
14 years$3,412$2,953$2,548$2,192$1,881$1,324
15 years$3,152$2,698$2,300$1,955$1,656$1,131
16 years$2,924$2,475$2,086$1,750$1,464$969
17 years$2,723$2,279$1,898$1,573$1,298$833
18 years$2,545$2,106$1,732$1,417$1,154$717
19 years$2,386$1,952$1,586$1,281$1,029$619
20 years$2,243$1,814$1,456$1,160$919$535
21 years$2,114$1,690$1,339$1,053$822$463
22 years$1,996$1,577$1,234$957$737$401
23 years$1,889$1,475$1,139$872$662$348
24 years$1,792$1,382$1,054$795$595$302
25 years$1,702$1,297$976$726$535$263
26 years$1,619$1,219$905$664$482$228
27 years$1,542$1,147$840$608$435$199
28 years$1,471$1,081$781$557$392$173
29 years$1,405$1,020$727$511$354$151
30 years$1,343$963$677$469$320$131
31 years$1,286$910$631$430$289$114
32 years$1,232$861$589$395$262$100
33 years$1,182$816$550$364$237$87
34 years$1,135$773$514$335$214$76
35 years$1,090$733$480$308$194$66
36 years$1,048$696$449$284$176$58
37 years$1,009$661$421$261$159$50
38 years$971$628$394$241$145$44
39 years$936$597$369$222$131$38
40 years$902$568$346$205$119$33
41 years$871$541$324$189$108$29
42 years$840$515$304$174$98$25
43 years$812$491$286$161$89$22
44 years$784$468$268$149$81$19
45 years$758$446$252$137$73$17
46 years$733$426$236$127$66$15
47 years$710$406$222$117$60$13
48 years$687$388$209$108$55$11
49 years$665$370$196$100$50$10
50 years$644$354$184$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $660,000, adding $2,154 every year, while hoping to spend $26,040 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: 58/32/10 Blend
41$660,000$660,000$660,000$660,000
42$729,542$694,562$684,332$769,996
43$776,249$700,889$679,551$803,820
44$826,847$706,653$673,736$837,562
45$881,706$711,800$666,827$873,710
46$941,232$716,270$658,758$912,496
47$1,005,872$720,002$649,461$954,178
48$1,076,117$722,928$638,864$999,040
49$1,152,508$724,979$626,893$1,047,397
50$1,235,640$726,078$613,469$1,099,595
51$1,326,166$726,148$598,512$1,156,018
52$1,424,808$725,102$581,935$1,217,089
53$1,532,358$722,851$563,649$1,283,276
54$1,649,687$719,300$543,560$1,355,093
55$1,777,757$714,347$521,571$1,433,111
56$1,917,623$707,885$497,579$1,517,958
57$2,070,450$699,800$471,477$1,610,329
58$2,237,518$689,972$443,153$1,710,991
59$2,420,237$678,273$412,491$1,820,790
60$2,620,159$664,567$379,368$1,940,661
61$2,838,996$648,711$343,657$2,071,634
62$3,078,628$630,552$305,224$2,214,850
63$3,341,129$609,931$263,930$2,371,563
64$3,628,783$586,676$219,630$2,543,162
65$3,944,103$560,608$172,173$2,731,178
66$4,289,860$531,535$121,398$2,937,300
67$4,669,102$499,257$67,142$3,163,394
68$5,085,190$463,561$9,231$3,411,516
69$5,541,825$424,220$0$3,683,939
70$6,043,080$380,996$0$3,988,778
71$6,593,448$333,639$0$4,324,603
72$7,197,874$281,881$0$4,693,501
73$7,861,805$225,441$0$5,098,860
74$8,591,245$164,023$0$5,544,416
75$9,392,805$97,313$0$6,034,290
76$10,273,769$24,980$0$6,573,027
77$11,242,163$0$0$7,165,639
78$12,306,828$0$0$7,836,430
79$13,477,504$0$0$8,583,748
80$14,764,925$0$0$9,405,653
81$16,180,912$0$0$10,309,704
82$17,738,494$0$0$11,304,225
83$19,452,024$0$0$12,398,389
84$21,337,317$0$0$13,602,304
85$23,411,797$0$0$14,927,105
86$25,694,663$0$0$16,385,063
87$28,207,070$0$0$17,989,698
88$30,972,326$0$0$19,755,906
89$34,016,114$0$0$21,700,102
90$37,366,734$0$0$23,840,373
91$41,055,368$0$0$26,196,647
92$45,116,375$0$0$28,790,885
93$49,587,616$0$0$31,647,284
94$54,510,808$0$0$34,792,507
95$59,931,922$0$0$38,255,935
96$65,901,611$0$0$42,069,941
97$72,475,693$0$0$46,270,202
98$79,715,672$0$0$50,896,026
99$87,689,324$0$0$55,990,732
100$96,471,333$0$0$61,602,052