Can I retire at age 42 with 670,000?

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 $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%12.1%
1 years$55,328$54,835$54,354$53,885$53,427$52,957
2 years$27,390$26,880$26,386$25,906$25,441$24,968
3 years$18,079$17,566$17,073$16,598$16,141$15,679
4 years$13,424$12,913$12,425$11,958$11,512$11,064
5 years$10,632$10,124$9,642$9,185$8,751$8,319
6 years$8,771$8,267$7,792$7,345$6,924$6,509
7 years$7,442$6,943$6,476$6,039$5,631$5,233
8 years$6,446$5,951$5,492$5,066$4,672$4,290
9 years$5,672$5,182$4,730$4,315$3,934$3,569
10 years$5,053$4,567$4,124$3,720$3,352$3,003
11 years$4,547$4,066$3,630$3,237$2,883$2,550
12 years$4,125$3,649$3,222$2,839$2,498$2,181
13 years$3,769$3,298$2,879$2,507$2,179$1,877
14 years$3,464$2,998$2,586$2,225$1,910$1,623
15 years$3,199$2,739$2,335$1,985$1,682$1,409
16 years$2,968$2,513$2,117$1,777$1,486$1,228
17 years$2,765$2,314$1,927$1,597$1,318$1,073
18 years$2,584$2,138$1,759$1,439$1,172$940
19 years$2,422$1,982$1,610$1,300$1,044$826
20 years$2,277$1,841$1,478$1,178$933$727
21 years$2,146$1,715$1,359$1,069$835$640
22 years$2,027$1,601$1,253$972$748$565
23 years$1,918$1,497$1,157$885$672$499
24 years$1,819$1,403$1,070$807$604$442
25 years$1,727$1,317$991$737$543$391
26 years$1,643$1,237$919$674$489$347
27 years$1,565$1,165$853$617$441$307
28 years$1,493$1,097$793$565$398$273
29 years$1,426$1,035$738$518$359$242
30 years$1,364$978$688$476$325$215
31 years$1,306$924$641$437$294$191
32 years$1,251$875$598$401$266$170
33 years$1,200$828$558$369$240$151
34 years$1,152$785$522$340$218$135
35 years$1,107$745$488$313$197$120
36 years$1,064$707$456$288$179$107
37 years$1,024$671$427$265$162$95
38 years$986$638$400$245$147$85
39 years$950$607$375$226$133$75
40 years$916$577$351$208$121$67
41 years$884$549$329$192$110$60
42 years$853$523$309$177$99$53
43 years$824$498$290$163$90$48
44 years$796$475$272$151$82$42
45 years$770$453$255$139$74$38
46 years$744$432$240$129$67$34
47 years$720$412$225$119$61$30
48 years$697$394$212$110$56$27
49 years$675$376$199$102$51$24
50 years$654$359$187$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $670,000, adding $4,996 every year, while hoping to spend $28,897 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: 72/6/22 Blend
41$670,000$670,000$670,000$670,000
42$743,493$707,983$697,598$792,659
43$788,584$711,928$690,222$830,013
44$837,304$715,098$681,629$866,997
45$889,996$717,424$671,750$906,789
46$947,031$718,834$660,510$949,662
47$1,008,821$719,250$647,830$995,921
48$1,075,817$718,589$633,629$1,045,900
49$1,148,516$716,766$617,821$1,099,967
50$1,227,464$713,686$600,316$1,158,532
51$1,313,261$709,252$581,023$1,222,041
52$1,406,567$703,360$559,841$1,290,992
53$1,508,111$695,899$536,670$1,365,930
54$1,618,692$686,751$511,402$1,447,458
55$1,739,190$675,793$483,925$1,536,243
56$1,870,573$662,893$454,122$1,633,017
57$2,013,908$647,911$421,871$1,738,590
58$2,170,368$630,700$387,046$1,853,856
59$2,341,244$611,103$349,511$1,979,797
60$2,527,960$588,955$309,128$2,117,502
61$2,732,079$564,082$265,751$2,268,168
62$2,955,326$536,297$219,228$2,433,116
63$3,199,598$505,404$169,402$2,613,804
64$3,466,985$471,197$116,105$2,811,839
65$3,759,788$433,456$59,165$3,028,995
66$4,080,541$391,950$0$3,267,225
67$4,432,034$346,433$0$3,529,062
68$4,817,340$296,648$0$3,831,353
69$5,239,845$242,319$0$4,162,864
70$5,703,276$183,160$0$4,526,534
71$6,211,740$118,864$0$4,925,601
72$6,769,759$49,110$0$5,363,634
73$7,382,315$0$0$5,844,563
74$8,054,896$0$0$6,374,466
75$8,793,547$0$0$6,960,018
76$9,604,928$0$0$7,603,261
77$10,496,375$0$0$8,310,013
78$11,475,969$0$0$9,086,688
79$12,552,614$0$0$9,940,349
80$13,736,118$0$0$10,878,778
81$15,037,289$0$0$11,910,549
82$16,468,033$0$0$13,045,108
83$18,041,465$0$0$14,292,861
84$19,772,039$0$0$15,665,276
85$21,675,678$0$0$17,174,986
86$23,769,925$0$0$18,835,909
87$26,074,109$0$0$20,663,382
88$28,609,530$0$0$22,674,303
89$31,399,653$0$0$24,887,291
90$34,470,335$0$0$27,322,860
91$37,850,066$0$0$30,003,614
92$41,570,238$0$0$32,954,461
93$45,665,441$0$0$36,202,844
94$50,173,788$0$0$39,779,004
95$55,137,277$0$0$43,716,261
96$60,602,182$0$0$48,051,333
97$66,619,497$0$0$52,824,675
98$73,245,408$0$0$58,080,871
99$80,541,830$0$0$63,869,042
100$88,576,987$0$0$70,243,321