Can I retire at age 42 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$56,154$55,654$55,166$54,689$54,224$53,725
2 years$27,799$27,281$26,779$26,293$25,821$25,318
3 years$18,349$17,829$17,328$16,846$16,382$15,891
4 years$13,624$13,106$12,610$12,137$11,684$11,208
5 years$10,790$10,275$9,786$9,322$8,882$8,423
6 years$8,902$8,390$7,909$7,455$7,028$6,587
7 years$7,553$7,046$6,572$6,129$5,716$5,292
8 years$6,542$6,040$5,574$5,142$4,742$4,336
9 years$5,757$5,259$4,801$4,379$3,993$3,605
10 years$5,128$4,635$4,185$3,775$3,402$3,032
11 years$4,615$4,127$3,685$3,286$2,926$2,573
12 years$4,187$3,704$3,270$2,882$2,536$2,199
13 years$3,825$3,347$2,922$2,544$2,211$1,891
14 years$3,515$3,043$2,625$2,258$1,938$1,634
15 years$3,247$2,779$2,370$2,014$1,707$1,418
16 years$3,013$2,550$2,149$1,803$1,508$1,235
17 years$2,806$2,348$1,955$1,620$1,337$1,078
18 years$2,622$2,170$1,785$1,460$1,189$944
19 years$2,459$2,011$1,634$1,320$1,060$829
20 years$2,311$1,869$1,500$1,195$947$729
21 years$2,178$1,741$1,379$1,085$847$642
22 years$2,057$1,625$1,271$986$759$566
23 years$1,947$1,520$1,174$898$682$500
24 years$1,846$1,424$1,086$819$613$442
25 years$1,753$1,336$1,005$748$551$391
26 years$1,668$1,256$933$684$497$346
27 years$1,589$1,182$866$626$448$307
28 years$1,516$1,114$805$574$404$272
29 years$1,448$1,051$749$526$365$241
30 years$1,384$992$698$483$330$214
31 years$1,325$938$651$443$298$190
32 years$1,270$888$607$407$270$169
33 years$1,218$841$567$375$244$150
34 years$1,169$797$530$345$221$134
35 years$1,123$756$495$317$200$119
36 years$1,080$717$463$292$181$106
37 years$1,039$681$433$269$164$94
38 years$1,001$647$406$248$149$84
39 years$964$616$380$229$135$74
40 years$930$586$356$211$123$66
41 years$897$558$334$195$111$59
42 years$866$531$314$180$101$53
43 years$836$506$294$166$92$47
44 years$808$482$276$153$83$42
45 years$781$460$259$141$75$37
46 years$755$439$244$131$68$33
47 years$731$419$229$121$62$29
48 years$708$400$215$112$56$26
49 years$685$382$202$103$51$23
50 years$664$365$190$95$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $680,000, adding $3,361 every year, while hoping to spend $26,085 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: 71/5/24 Blend
41$680,000$680,000$680,000$680,000
42$752,827$716,787$706,247$801,512
43$801,861$724,155$702,152$841,837
44$855,022$731,010$697,045$882,597
45$912,704$737,300$690,866$926,600
46$975,340$742,967$683,550$974,167
47$1,043,404$747,952$675,029$1,025,650
48$1,117,422$752,192$665,232$1,081,437
49$1,197,968$755,619$654,087$1,141,958
50$1,285,677$758,160$641,515$1,207,686
51$1,381,246$759,740$627,436$1,279,141
52$1,485,443$760,277$611,765$1,356,901
53$1,599,112$759,685$594,413$1,441,599
54$1,723,183$757,871$575,287$1,533,934
55$1,858,680$754,738$554,291$1,634,679
56$2,006,729$750,184$531,324$1,744,685
57$2,168,570$744,098$506,278$1,864,890
58$2,345,570$736,365$479,044$1,996,329
59$2,539,232$726,860$449,505$2,140,144
60$2,751,211$715,454$417,541$2,297,593
61$2,983,330$702,007$383,025$2,470,065
62$3,237,598$686,374$345,825$2,659,089
63$3,516,226$668,399$305,802$2,866,353
64$3,821,648$647,917$262,814$3,093,719
65$4,156,545$624,755$216,708$3,343,237
66$4,523,873$598,728$167,328$3,617,172
67$4,926,884$569,641$114,509$3,918,017
68$5,369,162$537,290$58,081$4,248,524
69$5,854,654$501,454$0$4,611,724
70$6,387,708$461,905$0$5,011,509
71$6,973,114$418,397$0$5,466,927
72$7,616,148$370,675$0$5,967,202
73$8,322,622$318,465$0$6,516,868
74$9,098,939$261,480$0$7,120,920
75$9,952,155$199,416$0$7,784,860
76$10,890,040$131,953$0$8,514,752
77$11,921,156$58,750$0$9,317,277
78$13,054,936$0$0$10,199,796
79$14,301,774$0$0$11,171,550
80$15,673,119$0$0$12,243,937
81$17,181,586$0$0$13,423,593
82$18,841,077$0$0$14,721,393
83$20,666,905$0$0$16,149,320
84$22,675,944$0$0$17,720,575
85$24,886,788$0$0$19,449,705
86$27,319,921$0$0$21,352,738
87$29,997,917$0$0$23,447,333
88$32,945,646$0$0$25,752,951
89$36,190,514$0$0$28,291,032
90$39,762,717$0$0$31,085,203
91$43,695,529$0$0$34,161,496
92$48,025,614$0$0$37,548,599
93$52,793,371$0$0$41,278,118
94$58,043,318$0$0$45,384,884
95$63,824,507$0$0$49,907,277
96$70,190,992$0$0$54,887,588
97$77,202,335$0$0$60,372,419
98$84,924,168$0$0$66,413,120
99$93,428,815$0$0$73,066,279
100$102,795,971$0$0$80,394,249