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%16.9%
1 years$55,328$54,835$54,354$53,885$53,427$51,925
2 years$27,390$26,880$26,386$25,906$25,441$23,939
3 years$18,079$17,566$17,073$16,598$16,141$14,686
4 years$13,424$12,913$12,425$11,958$11,512$10,116
5 years$10,632$10,124$9,642$9,185$8,751$7,417
6 years$8,771$8,267$7,792$7,345$6,924$5,654
7 years$7,442$6,943$6,476$6,039$5,631$4,425
8 years$6,446$5,951$5,492$5,066$4,672$3,528
9 years$5,672$5,182$4,730$4,315$3,934$2,852
10 years$5,053$4,567$4,124$3,720$3,352$2,330
11 years$4,547$4,066$3,630$3,237$2,883$1,920
12 years$4,125$3,649$3,222$2,839$2,498$1,592
13 years$3,769$3,298$2,879$2,507$2,179$1,327
14 years$3,464$2,998$2,586$2,225$1,910$1,111
15 years$3,199$2,739$2,335$1,985$1,682$933
16 years$2,968$2,513$2,117$1,777$1,486$786
17 years$2,765$2,314$1,927$1,597$1,318$664
18 years$2,584$2,138$1,759$1,439$1,172$562
19 years$2,422$1,982$1,610$1,300$1,044$476
20 years$2,277$1,841$1,478$1,178$933$404
21 years$2,146$1,715$1,359$1,069$835$343
22 years$2,027$1,601$1,253$972$748$292
23 years$1,918$1,497$1,157$885$672$249
24 years$1,819$1,403$1,070$807$604$212
25 years$1,727$1,317$991$737$543$181
26 years$1,643$1,237$919$674$489$154
27 years$1,565$1,165$853$617$441$131
28 years$1,493$1,097$793$565$398$112
29 years$1,426$1,035$738$518$359$96
30 years$1,364$978$688$476$325$82
31 years$1,306$924$641$437$294$70
32 years$1,251$875$598$401$266$60
33 years$1,200$828$558$369$240$51
34 years$1,152$785$522$340$218$44
35 years$1,107$745$488$313$197$37
36 years$1,064$707$456$288$179$32
37 years$1,024$671$427$265$162$27
38 years$986$638$400$245$147$23
39 years$950$607$375$226$133$20
40 years$916$577$351$208$121$17
41 years$884$549$329$192$110$15
42 years$853$523$309$177$99$12
43 years$824$498$290$163$90$11
44 years$796$475$272$151$82$9
45 years$770$453$255$139$74$8
46 years$744$432$240$129$67$7
47 years$720$412$225$119$61$6
48 years$697$394$212$110$56$5
49 years$675$376$199$102$51$4
50 years$654$359$187$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $670,000, adding $3,871 every year, while hoping to spend $46,851 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: 46/35/19 Blend
41$670,000$670,000$670,000$670,000
42$742,333$706,823$696,438$772,288
43$768,202$691,608$669,920$778,401
44$795,139$674,078$640,942$780,040
45$823,204$654,068$609,375$780,836
46$852,461$631,408$575,079$780,730
47$882,979$605,914$537,911$779,663
48$914,832$577,393$497,720$777,571
49$948,101$545,641$454,350$774,391
50$982,871$510,441$407,635$770,053
51$1,019,237$471,566$357,404$764,489
52$1,057,300$428,773$303,477$757,625
53$1,097,170$381,808$245,669$749,387
54$1,138,965$330,401$183,782$739,698
55$1,182,814$274,265$117,614$728,478
56$1,228,858$213,101$46,951$715,647
57$1,277,248$146,590$0$701,121
58$1,328,150$74,396$0$690,584
59$1,381,744$0$0$688,714
60$1,438,225$0$0$687,421
61$1,497,807$0$0$716,313
62$1,560,722$0$0$746,852
63$1,627,224$0$0$779,168
64$1,697,589$0$0$813,398
65$1,772,119$0$0$849,693
66$1,851,145$0$0$888,222
67$1,935,028$0$0$929,163
68$2,024,160$0$0$972,716
69$2,118,975$0$0$1,019,099
70$2,219,944$0$0$1,068,548
71$2,327,584$0$0$1,121,324
72$2,442,461$0$0$1,177,712
73$2,565,196$0$0$1,238,026
74$2,696,468$0$0$1,302,607
75$2,837,023$0$0$1,371,832
76$2,987,678$0$0$1,446,113
77$3,149,331$0$0$1,525,904
78$3,322,965$0$0$1,611,700
79$3,509,660$0$0$1,704,047
80$3,710,602$0$0$1,803,544
81$3,927,093$0$0$1,910,848
82$4,160,564$0$0$2,026,683
83$4,412,586$0$0$2,151,843
84$4,684,884$0$0$2,287,199
85$4,979,357$0$0$2,433,712
86$5,298,089$0$0$2,592,435
87$5,643,373$0$0$2,764,529
88$6,017,730$0$0$2,951,267
89$6,423,932$0$0$3,154,053
90$6,865,026$0$0$3,374,428
91$7,344,366$0$0$3,614,089
92$7,865,641$0$0$3,874,903
93$8,432,909$0$0$4,158,923
94$9,050,635$0$0$4,468,410
95$9,723,732$0$0$4,805,851
96$10,457,608$0$0$5,173,983
97$11,258,214$0$0$5,575,820
98$12,132,101$0$0$6,014,678
99$13,086,479$0$0$6,494,209
100$14,129,286$0$0$7,018,431