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%18.5%
1 years$56,154$55,654$55,166$54,689$54,224$52,363
2 years$27,799$27,281$26,779$26,293$25,821$23,965
3 years$18,349$17,829$17,328$16,846$16,382$14,589
4 years$13,624$13,106$12,610$12,137$11,684$9,968
5 years$10,790$10,275$9,786$9,322$8,882$7,247
6 years$8,902$8,390$7,909$7,455$7,028$5,476
7 years$7,553$7,046$6,572$6,129$5,716$4,247
8 years$6,542$6,040$5,574$5,142$4,742$3,354
9 years$5,757$5,259$4,801$4,379$3,993$2,685
10 years$5,128$4,635$4,185$3,775$3,402$2,172
11 years$4,615$4,127$3,685$3,286$2,926$1,771
12 years$4,187$3,704$3,270$2,882$2,536$1,453
13 years$3,825$3,347$2,922$2,544$2,211$1,198
14 years$3,515$3,043$2,625$2,258$1,938$992
15 years$3,247$2,779$2,370$2,014$1,707$824
16 years$3,013$2,550$2,149$1,803$1,508$686
17 years$2,806$2,348$1,955$1,620$1,337$573
18 years$2,622$2,170$1,785$1,460$1,189$479
19 years$2,459$2,011$1,634$1,320$1,060$401
20 years$2,311$1,869$1,500$1,195$947$336
21 years$2,178$1,741$1,379$1,085$847$282
22 years$2,057$1,625$1,271$986$759$237
23 years$1,947$1,520$1,174$898$682$199
24 years$1,846$1,424$1,086$819$613$168
25 years$1,753$1,336$1,005$748$551$141
26 years$1,668$1,256$933$684$497$119
27 years$1,589$1,182$866$626$448$100
28 years$1,516$1,114$805$574$404$84
29 years$1,448$1,051$749$526$365$71
30 years$1,384$992$698$483$330$60
31 years$1,325$938$651$443$298$50
32 years$1,270$888$607$407$270$43
33 years$1,218$841$567$375$244$36
34 years$1,169$797$530$345$221$30
35 years$1,123$756$495$317$200$26
36 years$1,080$717$463$292$181$22
37 years$1,039$681$433$269$164$18
38 years$1,001$647$406$248$149$15
39 years$964$616$380$229$135$13
40 years$930$586$356$211$123$11
41 years$897$558$334$195$111$9
42 years$866$531$314$180$101$8
43 years$836$506$294$166$92$7
44 years$808$482$276$153$83$6
45 years$781$460$259$141$75$5
46 years$755$439$244$131$68$4
47 years$731$419$229$121$62$3
48 years$708$400$215$112$56$3
49 years$685$382$202$103$51$2
50 years$664$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $680,000, adding $4,865 every year, while hoping to spend $52,253 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: 47/24/29 Blend
41$680,000$680,000$680,000$680,000
42$754,378$718,338$707,798$783,361
43$775,728$697,940$675,913$783,934
44$797,504$674,791$641,208$779,105
45$819,695$648,701$603,534$772,864
46$842,286$619,470$562,734$765,107
47$865,259$586,884$518,646$755,721
48$888,593$550,718$471,098$744,588
49$912,262$510,736$419,912$731,582
50$936,236$466,685$364,902$716,568
51$960,479$418,299$305,873$699,402
52$984,950$365,298$242,622$679,932
53$1,009,602$307,385$174,937$657,994
54$1,034,381$244,246$102,597$633,417
55$1,059,223$175,550$25,370$606,014
56$1,084,059$100,947$0$575,588
57$1,108,807$20,068$0$559,582
58$1,133,376$0$0$549,644
59$1,157,662$0$0$555,579
60$1,181,549$0$0$566,564
61$1,204,905$0$0$577,230
62$1,227,582$0$0$587,501
63$1,249,416$0$0$597,288
64$1,270,221$0$0$606,493
65$1,289,789$0$0$615,009
66$1,307,887$0$0$622,713
67$1,324,258$0$0$629,469
68$1,338,612$0$0$635,126
69$1,350,627$0$0$639,516
70$1,359,946$0$0$642,452
71$1,366,168$0$0$643,724
72$1,368,853$0$0$643,103
73$1,367,506$0$0$640,330
74$1,361,581$0$0$635,120
75$1,350,471$0$0$627,158
76$1,333,503$0$0$616,092
77$1,309,931$0$0$601,534
78$1,278,928$0$0$583,053
79$1,239,577$0$0$560,172
80$1,190,863$0$0$532,363
81$1,131,664$0$0$499,041
82$1,060,735$0$0$459,561
83$976,701$0$0$413,206
84$878,040$0$0$359,187
85$763,070$0$0$296,628
86$629,930$0$0$224,564
87$476,564$0$0$141,926
88$300,700$0$0$47,535
89$99,827$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0