Can I retire at age 42 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$55,328$54,835$54,354$53,885$53,427$52,759
2 years$27,390$26,880$26,386$25,906$25,441$24,770
3 years$18,079$17,566$17,073$16,598$16,141$15,486
4 years$13,424$12,913$12,425$11,958$11,512$10,879
5 years$10,632$10,124$9,642$9,185$8,751$8,141
6 years$8,771$8,267$7,792$7,345$6,924$6,339
7 years$7,442$6,943$6,476$6,039$5,631$5,071
8 years$6,446$5,951$5,492$5,066$4,672$4,136
9 years$5,672$5,182$4,730$4,315$3,934$3,422
10 years$5,053$4,567$4,124$3,720$3,352$2,864
11 years$4,547$4,066$3,630$3,237$2,883$2,419
12 years$4,125$3,649$3,222$2,839$2,498$2,057
13 years$3,769$3,298$2,879$2,507$2,179$1,760
14 years$3,464$2,998$2,586$2,225$1,910$1,512
15 years$3,199$2,739$2,335$1,985$1,682$1,305
16 years$2,968$2,513$2,117$1,777$1,486$1,130
17 years$2,765$2,314$1,927$1,597$1,318$982
18 years$2,584$2,138$1,759$1,439$1,172$855
19 years$2,422$1,982$1,610$1,300$1,044$746
20 years$2,277$1,841$1,478$1,178$933$652
21 years$2,146$1,715$1,359$1,069$835$571
22 years$2,027$1,601$1,253$972$748$500
23 years$1,918$1,497$1,157$885$672$439
24 years$1,819$1,403$1,070$807$604$386
25 years$1,727$1,317$991$737$543$339
26 years$1,643$1,237$919$674$489$298
27 years$1,565$1,165$853$617$441$263
28 years$1,493$1,097$793$565$398$231
29 years$1,426$1,035$738$518$359$204
30 years$1,364$978$688$476$325$180
31 years$1,306$924$641$437$294$159
32 years$1,251$875$598$401$266$140
33 years$1,200$828$558$369$240$124
34 years$1,152$785$522$340$218$109
35 years$1,107$745$488$313$197$97
36 years$1,064$707$456$288$179$85
37 years$1,024$671$427$265$162$75
38 years$986$638$400$245$147$67
39 years$950$607$375$226$133$59
40 years$916$577$351$208$121$52
41 years$884$549$329$192$110$46
42 years$853$523$309$177$99$41
43 years$824$498$290$163$90$36
44 years$796$475$272$151$82$32
45 years$770$453$255$139$74$28
46 years$744$432$240$129$67$25
47 years$720$412$225$119$61$22
48 years$697$394$212$110$56$19
49 years$675$376$199$102$51$17
50 years$654$359$187$94$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $670,000, adding $6,003 every year, while hoping to spend $47,117 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: 47/33/20 Blend
41$670,000$670,000$670,000$670,000
42$744,532$709,022$698,637$775,035
43$770,342$693,632$671,909$781,539
44$797,206$675,909$642,707$783,393
45$825,181$655,688$610,897$784,423
46$854,329$632,796$576,342$784,572
47$884,717$607,050$538,896$783,781
48$916,416$578,254$498,408$781,989
49$949,506$546,203$454,719$779,132
50$984,068$510,680$407,665$775,145
51$1,020,193$471,453$357,072$769,958
52$1,057,979$428,281$302,760$763,501
53$1,097,532$380,906$244,542$755,702
54$1,138,966$329,056$182,220$746,483
55$1,182,405$272,444$115,589$735,770
56$1,227,984$210,767$44,434$723,480
57$1,275,848$143,705$0$709,535
58$1,326,157$70,918$0$700,572
59$1,379,082$0$0$700,341
60$1,434,812$0$0$702,202
61$1,493,552$0$0$731,336
62$1,555,522$0$0$762,103
63$1,620,967$0$0$794,627
64$1,690,151$0$0$829,045
65$1,763,363$0$0$865,504
66$1,840,919$0$0$904,167
67$1,923,162$0$0$945,211
68$2,010,470$0$0$988,828
69$2,103,254$0$0$1,035,232
70$2,201,966$0$0$1,084,654
71$2,307,097$0$0$1,137,347
72$2,419,189$0$0$1,193,590
73$2,538,833$0$0$1,253,687
74$2,666,676$0$0$1,317,971
75$2,803,428$0$0$1,386,810
76$2,949,870$0$0$1,460,604
77$3,106,853$0$0$1,539,794
78$3,275,316$0$0$1,624,862
79$3,456,287$0$0$1,716,340
80$3,650,893$0$0$1,814,810
81$3,860,375$0$0$1,920,910
82$4,086,092$0$0$2,035,344
83$4,329,538$0$0$2,158,883
84$4,592,356$0$0$2,292,375
85$4,876,350$0$0$2,436,752
86$5,183,502$0$0$2,593,038
87$5,515,990$0$0$2,762,358
88$5,876,211$0$0$2,945,951
89$6,266,799$0$0$3,145,179
90$6,690,650$0$0$3,361,538
91$7,150,950$0$0$3,596,675
92$7,651,203$0$0$3,852,403
93$8,195,264$0$0$4,130,714
94$8,787,373$0$0$4,433,802
95$9,432,198$0$0$4,764,081
96$10,134,873$0$0$5,124,205
97$10,901,050$0$0$5,517,100
98$11,736,947$0$0$5,945,981
99$12,649,412$0$0$6,414,392
100$13,645,980$0$0$6,926,232