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%18%
1 years$55,328$54,835$54,354$53,885$53,427$51,696
2 years$27,390$26,880$26,386$25,906$25,441$23,714
3 years$18,079$17,566$17,073$16,598$16,141$14,471
4 years$13,424$12,913$12,425$11,958$11,512$9,912
5 years$10,632$10,124$9,642$9,185$8,751$7,226
6 years$8,771$8,267$7,792$7,345$6,924$5,475
7 years$7,442$6,943$6,476$6,039$5,631$4,258
8 years$6,446$5,951$5,492$5,066$4,672$3,373
9 years$5,672$5,182$4,730$4,315$3,934$2,709
10 years$5,053$4,567$4,124$3,720$3,352$2,198
11 years$4,547$4,066$3,630$3,237$2,883$1,798
12 years$4,125$3,649$3,222$2,839$2,498$1,480
13 years$3,769$3,298$2,879$2,507$2,179$1,224
14 years$3,464$2,998$2,586$2,225$1,910$1,017
15 years$3,199$2,739$2,335$1,985$1,682$848
16 years$2,968$2,513$2,117$1,777$1,486$709
17 years$2,765$2,314$1,927$1,597$1,318$594
18 years$2,584$2,138$1,759$1,439$1,172$498
19 years$2,422$1,982$1,610$1,300$1,044$419
20 years$2,277$1,841$1,478$1,178$933$353
21 years$2,146$1,715$1,359$1,069$835$297
22 years$2,027$1,601$1,253$972$748$251
23 years$1,918$1,497$1,157$885$672$211
24 years$1,819$1,403$1,070$807$604$179
25 years$1,727$1,317$991$737$543$151
26 years$1,643$1,237$919$674$489$128
27 years$1,565$1,165$853$617$441$108
28 years$1,493$1,097$793$565$398$91
29 years$1,426$1,035$738$518$359$77
30 years$1,364$978$688$476$325$65
31 years$1,306$924$641$437$294$55
32 years$1,251$875$598$401$266$47
33 years$1,200$828$558$369$240$40
34 years$1,152$785$522$340$218$34
35 years$1,107$745$488$313$197$28
36 years$1,064$707$456$288$179$24
37 years$1,024$671$427$265$162$20
38 years$986$638$400$245$147$17
39 years$950$607$375$226$133$15
40 years$916$577$351$208$121$12
41 years$884$549$329$192$110$11
42 years$853$523$309$177$99$9
43 years$824$498$290$163$90$8
44 years$796$475$272$151$82$6
45 years$770$453$255$139$74$5
46 years$744$432$240$129$67$5
47 years$720$412$225$119$61$4
48 years$697$394$212$110$56$3
49 years$675$376$199$102$51$3
50 years$654$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $670,000, adding $5,043 every year, while hoping to spend $38,957 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: 51/40/9 Blend
41$670,000$670,000$670,000$670,000
42$743,542$708,032$697,647$779,479
43$777,933$701,275$679,568$797,773
44$814,527$692,882$659,578$813,055
45$853,506$682,731$637,571$828,757
46$895,072$670,693$613,438$844,926
47$939,445$656,633$587,064$861,618
48$986,865$640,405$558,328$878,897
49$1,037,598$621,857$527,104$896,837
50$1,091,933$600,828$493,262$915,520
51$1,150,188$577,146$456,664$935,041
52$1,212,711$550,631$417,167$955,505
53$1,279,886$521,090$374,620$977,034
54$1,352,132$488,321$328,867$999,766
55$1,429,911$452,110$279,746$1,023,853
56$1,513,728$412,230$227,084$1,049,469
57$1,604,141$368,442$170,704$1,076,812
58$1,701,761$320,493$110,420$1,106,099
59$1,807,259$268,115$46,037$1,137,580
60$1,921,373$211,026$0$1,171,531
61$2,044,914$148,928$0$1,210,441
62$2,178,775$81,505$0$1,257,341
63$2,323,936$8,425$0$1,308,217
64$2,481,475$0$0$1,363,527
65$2,652,579$0$0$1,454,885
66$2,838,553$0$0$1,558,275
67$3,040,831$0$0$1,670,792
68$3,260,993$0$0$1,793,324
69$3,500,777$0$0$1,926,846
70$3,762,094$0$0$2,072,430
71$4,047,049$0$0$2,231,260
72$4,357,958$0$0$2,404,634
73$4,697,371$0$0$2,593,985
74$5,068,092$0$0$2,800,888
75$5,473,213$0$0$3,027,078
76$5,916,133$0$0$3,274,465
77$6,400,597$0$0$3,545,152
78$6,930,729$0$0$3,841,455
79$7,511,068$0$0$4,165,925
80$8,146,615$0$0$4,521,368
81$8,842,873$0$0$4,910,878
82$9,605,908$0$0$5,337,860
83$10,442,395$0$0$5,806,065
84$11,359,689$0$0$6,319,626
85$12,365,891$0$0$6,883,092
86$13,469,921$0$0$7,501,475
87$14,681,609$0$0$8,180,298
88$16,011,778$0$0$8,925,641
89$17,472,352$0$0$9,744,204
90$19,076,467$0$0$10,643,367
91$20,838,593$0$0$11,631,261
92$22,774,670$0$0$12,716,841
93$24,902,259$0$0$13,909,974
94$27,240,706$0$0$15,221,532
95$29,811,325$0$0$16,663,490
96$32,637,597$0$0$18,249,043
97$35,745,392$0$0$19,992,727
98$39,163,214$0$0$21,910,559
99$42,922,464$0$0$24,020,184
100$47,057,744$0$0$26,341,046