Can I retire at age 42 with 680,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$56,154$55,654$55,166$54,689$54,224$53,658
2 years$27,799$27,281$26,779$26,293$25,821$25,251
3 years$18,349$17,829$17,328$16,846$16,382$15,825
4 years$13,624$13,106$12,610$12,137$11,684$11,145
5 years$10,790$10,275$9,786$9,322$8,882$8,363
6 years$8,902$8,390$7,909$7,455$7,028$6,529
7 years$7,553$7,046$6,572$6,129$5,716$5,237
8 years$6,542$6,040$5,574$5,142$4,742$4,284
9 years$5,757$5,259$4,801$4,379$3,993$3,555
10 years$5,128$4,635$4,185$3,775$3,402$2,985
11 years$4,615$4,127$3,685$3,286$2,926$2,528
12 years$4,187$3,704$3,270$2,882$2,536$2,157
13 years$3,825$3,347$2,922$2,544$2,211$1,851
14 years$3,515$3,043$2,625$2,258$1,938$1,596
15 years$3,247$2,779$2,370$2,014$1,707$1,382
16 years$3,013$2,550$2,149$1,803$1,508$1,201
17 years$2,806$2,348$1,955$1,620$1,337$1,047
18 years$2,622$2,170$1,785$1,460$1,189$915
19 years$2,459$2,011$1,634$1,320$1,060$801
20 years$2,311$1,869$1,500$1,195$947$703
21 years$2,178$1,741$1,379$1,085$847$617
22 years$2,057$1,625$1,271$986$759$543
23 years$1,947$1,520$1,174$898$682$479
24 years$1,846$1,424$1,086$819$613$422
25 years$1,753$1,336$1,005$748$551$373
26 years$1,668$1,256$933$684$497$329
27 years$1,589$1,182$866$626$448$291
28 years$1,516$1,114$805$574$404$257
29 years$1,448$1,051$749$526$365$228
30 years$1,384$992$698$483$330$202
31 years$1,325$938$651$443$298$179
32 years$1,270$888$607$407$270$158
33 years$1,218$841$567$375$244$140
34 years$1,169$797$530$345$221$125
35 years$1,123$756$495$317$200$110
36 years$1,080$717$463$292$181$98
37 years$1,039$681$433$269$164$87
38 years$1,001$647$406$248$149$77
39 years$964$616$380$229$135$69
40 years$930$586$356$211$123$61
41 years$897$558$334$195$111$54
42 years$866$531$314$180$101$48
43 years$836$506$294$166$92$43
44 years$808$482$276$153$83$38
45 years$781$460$259$141$75$34
46 years$755$439$244$131$68$30
47 years$731$419$229$121$62$27
48 years$708$400$215$112$56$24
49 years$685$382$202$103$51$21
50 years$664$365$190$95$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $680,000, adding $5,529 every year, while hoping to spend $53,423 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: 74/15/11 Blend
41$680,000$680,000$680,000$680,000
42$755,063$719,023$708,483$808,928
43$775,238$697,414$675,376$823,627
44$795,680$672,955$639,369$832,510
45$816,360$645,450$600,308$840,766
46$837,245$614,693$558,035$848,316
47$858,295$580,464$512,379$855,075
48$879,464$542,530$463,168$860,951
49$900,703$500,647$410,217$865,841
50$921,950$454,555$353,335$869,635
51$943,141$403,980$292,323$872,214
52$964,198$348,632$226,973$873,446
53$985,036$288,204$157,066$873,188
54$1,005,558$222,375$82,376$871,285
55$1,025,654$150,801$2,666$867,567
56$1,045,203$73,122$0$861,850
57$1,064,066$0$0$863,603
58$1,082,089$0$0$865,721
59$1,099,099$0$0$879,066
60$1,114,903$0$0$891,411
61$1,129,286$0$0$902,581
62$1,142,007$0$0$912,377
63$1,152,797$0$0$920,580
64$1,161,359$0$0$926,948
65$1,167,360$0$0$931,208
66$1,170,430$0$0$933,058
67$1,170,160$0$0$932,163
68$1,166,093$0$0$928,151
69$1,157,723$0$0$920,608
70$1,144,489$0$0$909,076
71$1,125,769$0$0$893,047
72$1,100,872$0$0$871,957
73$1,069,034$0$0$845,182
74$1,029,409$0$0$812,031
75$981,060$0$0$771,739
76$922,948$0$0$723,458
77$853,926$0$0$666,253
78$772,724$0$0$599,086
79$677,938$0$0$520,812
80$568,016$0$0$430,163
81$441,240$0$0$325,739
82$295,715$0$0$205,993
83$129,345$0$0$69,214
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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