Can I retire at age 42 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$56,980$56,472$55,977$55,494$55,022$54,334
2 years$28,208$27,682$27,173$26,680$26,201$25,509
3 years$18,618$18,091$17,583$17,094$16,623$15,948
4 years$13,825$13,299$12,796$12,315$11,856$11,203
5 years$10,949$10,426$9,930$9,459$9,012$8,385
6 years$9,033$8,514$8,025$7,565$7,131$6,528
7 years$7,664$7,150$6,669$6,219$5,800$5,222
8 years$6,639$6,129$5,656$5,217$4,811$4,259
9 years$5,841$5,336$4,871$4,444$4,052$3,525
10 years$5,204$4,704$4,247$3,831$3,452$2,950
11 years$4,682$4,187$3,739$3,334$2,969$2,491
12 years$4,248$3,758$3,318$2,924$2,573$2,118
13 years$3,881$3,396$2,965$2,582$2,244$1,812
14 years$3,567$3,087$2,664$2,292$1,967$1,558
15 years$3,295$2,820$2,405$2,044$1,732$1,344
16 years$3,057$2,588$2,180$1,830$1,531$1,164
17 years$2,847$2,383$1,984$1,644$1,357$1,011
18 years$2,661$2,202$1,811$1,482$1,207$880
19 years$2,495$2,041$1,658$1,339$1,075$768
20 years$2,345$1,896$1,522$1,213$961$671
21 years$2,210$1,766$1,400$1,101$860$588
22 years$2,087$1,649$1,290$1,001$771$515
23 years$1,975$1,542$1,191$911$692$452
24 years$1,873$1,445$1,102$831$622$397
25 years$1,779$1,356$1,020$759$559$349
26 years$1,692$1,274$946$694$504$307
27 years$1,612$1,199$879$635$454$271
28 years$1,538$1,130$817$582$410$238
29 years$1,469$1,066$760$534$370$210
30 years$1,405$1,007$708$490$334$185
31 years$1,345$952$660$450$302$164
32 years$1,288$901$616$413$274$144
33 years$1,236$853$575$380$248$127
34 years$1,186$808$537$350$224$113
35 years$1,140$767$502$322$203$99
36 years$1,096$728$470$297$184$88
37 years$1,055$691$440$273$167$78
38 years$1,015$657$412$252$151$69
39 years$978$625$386$232$137$61
40 years$943$594$362$214$124$54
41 years$910$566$339$198$113$47
42 years$878$539$318$182$102$42
43 years$848$513$299$168$93$37
44 years$820$489$280$155$84$33
45 years$793$467$263$144$77$29
46 years$767$445$247$133$69$26
47 years$742$425$232$123$63$23
48 years$718$406$218$113$57$20
49 years$695$387$205$105$52$18
50 years$674$370$193$97$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $690,000, adding $2,158 every year, while hoping to spend $52,506 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: 66/27/7 Blend
41$690,000$690,000$690,000$690,000
42$762,606$726,036$715,341$811,861
43$784,526$705,746$683,439$824,564
44$806,922$682,702$648,708$831,960
45$829,787$656,713$610,999$838,651
46$853,112$627,579$570,154$844,565
47$876,884$595,085$526,010$849,618
48$901,090$559,007$478,394$853,725
49$925,709$519,107$427,128$856,792
50$950,719$475,131$372,026$858,717
51$976,095$426,815$312,890$859,391
52$1,001,803$373,875$249,519$858,698
53$1,027,807$316,016$181,698$856,510
54$1,054,064$252,921$109,205$852,691
55$1,080,524$184,259$31,809$847,095
56$1,107,129$109,680$0$839,562
57$1,133,815$28,813$0$833,717
58$1,160,506$0$0$828,363
59$1,187,117$0$0$838,393
60$1,213,552$0$0$856,832
61$1,239,702$0$0$875,038
62$1,265,444$0$0$892,922
63$1,290,640$0$0$910,382
64$1,315,133$0$0$927,304
65$1,338,749$0$0$943,560
66$1,361,292$0$0$959,007
67$1,382,543$0$0$973,484
68$1,402,258$0$0$986,813
69$1,420,162$0$0$998,793
70$1,435,951$0$0$1,009,202
71$1,449,285$0$0$1,017,791
72$1,459,786$0$0$1,024,285
73$1,467,031$0$0$1,028,375
74$1,470,554$0$0$1,029,721
75$1,469,833$0$0$1,027,941
76$1,464,291$0$0$1,022,616
77$1,453,287$0$0$1,013,277
78$1,436,109$0$0$999,406
79$1,411,968$0$0$980,427
80$1,379,990$0$0$955,703
81$1,339,207$0$0$924,529
82$1,288,545$0$0$886,122
83$1,226,817$0$0$839,618
84$1,152,708$0$0$784,057
85$1,064,763$0$0$718,382
86$961,375$0$0$641,421
87$840,763$0$0$551,876
88$700,960$0$0$448,317
89$539,793$0$0$329,159
90$354,857$0$0$192,653
91$143,498$0$0$36,866
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