Can I retire at age 42 with 690,000?

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 $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%15.5%
1 years$56,980$56,472$55,977$55,494$55,022$53,779
2 years$28,208$27,682$27,173$26,680$26,201$24,955
3 years$18,618$18,091$17,583$17,094$16,623$15,414
4 years$13,825$13,299$12,796$12,315$11,856$10,692
5 years$10,949$10,426$9,930$9,459$9,012$7,898
6 years$9,033$8,514$8,025$7,565$7,131$6,066
7 years$7,664$7,150$6,669$6,219$5,800$4,785
8 years$6,639$6,129$5,656$5,217$4,811$3,847
9 years$5,841$5,336$4,871$4,444$4,052$3,136
10 years$5,204$4,704$4,247$3,831$3,452$2,585
11 years$4,682$4,187$3,739$3,334$2,969$2,148
12 years$4,248$3,758$3,318$2,924$2,573$1,798
13 years$3,881$3,396$2,965$2,582$2,244$1,513
14 years$3,567$3,087$2,664$2,292$1,967$1,279
15 years$3,295$2,820$2,405$2,044$1,732$1,085
16 years$3,057$2,588$2,180$1,830$1,531$923
17 years$2,847$2,383$1,984$1,644$1,357$788
18 years$2,661$2,202$1,811$1,482$1,207$673
19 years$2,495$2,041$1,658$1,339$1,075$577
20 years$2,345$1,896$1,522$1,213$961$495
21 years$2,210$1,766$1,400$1,101$860$425
22 years$2,087$1,649$1,290$1,001$771$365
23 years$1,975$1,542$1,191$911$692$315
24 years$1,873$1,445$1,102$831$622$271
25 years$1,779$1,356$1,020$759$559$234
26 years$1,692$1,274$946$694$504$201
27 years$1,612$1,199$879$635$454$174
28 years$1,538$1,130$817$582$410$150
29 years$1,469$1,066$760$534$370$130
30 years$1,405$1,007$708$490$334$112
31 years$1,345$952$660$450$302$97
32 years$1,288$901$616$413$274$84
33 years$1,236$853$575$380$248$72
34 years$1,186$808$537$350$224$63
35 years$1,140$767$502$322$203$54
36 years$1,096$728$470$297$184$47
37 years$1,055$691$440$273$167$41
38 years$1,015$657$412$252$151$35
39 years$978$625$386$232$137$30
40 years$943$594$362$214$124$26
41 years$910$566$339$198$113$23
42 years$878$539$318$182$102$20
43 years$848$513$299$168$93$17
44 years$820$489$280$155$84$15
45 years$793$467$263$144$77$13
46 years$767$445$247$133$69$11
47 years$742$425$232$123$63$10
48 years$718$406$218$113$57$8
49 years$695$387$205$105$52$7
50 years$674$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $690,000, adding $2,643 every year, while hoping to spend $44,901 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: 42/46/12 Blend
41$690,000$690,000$690,000$690,000
42$763,106$726,536$715,841$792,368
43$793,169$714,362$692,048$800,962
44$824,793$700,087$665,952$805,578
45$858,090$683,560$637,430$809,585
46$893,183$664,621$606,351$812,945
47$930,203$643,103$572,580$815,623
48$969,296$618,827$535,973$817,581
49$1,010,619$591,605$496,383$818,783
50$1,054,344$561,235$453,654$819,192
51$1,100,659$527,508$407,623$818,775
52$1,149,770$490,200$358,122$817,498
53$1,201,900$449,073$304,973$815,327
54$1,257,296$403,880$247,992$812,235
55$1,316,226$354,356$186,985$808,193
56$1,378,983$300,221$121,751$803,178
57$1,445,889$241,181$52,079$797,172
58$1,517,296$176,926$0$790,159
59$1,593,590$107,126$0$784,984
60$1,675,195$31,433$0$786,094
61$1,762,574$0$0$786,852
62$1,856,235$0$0$812,879
63$1,956,737$0$0$857,938
64$2,064,692$0$0$906,401
65$2,180,772$0$0$958,577
66$2,305,715$0$0$1,014,806
67$2,440,330$0$0$1,075,462
68$2,585,509$0$0$1,140,955
69$2,742,228$0$0$1,211,735
70$2,911,562$0$0$1,288,299
71$3,094,692$0$0$1,371,192
72$3,292,914$0$0$1,461,010
73$3,507,656$0$0$1,558,414
74$3,740,486$0$0$1,664,128
75$3,993,128$0$0$1,778,946
76$4,267,480$0$0$1,903,746
77$4,565,628$0$0$2,039,492
78$4,889,867$0$0$2,187,242
79$5,242,723$0$0$2,348,164
80$5,626,974$0$0$2,523,542
81$6,045,677$0$0$2,714,788
82$6,502,198$0$0$2,923,458
83$7,000,240$0$0$3,151,262
84$7,543,879$0$0$3,400,085
85$8,137,602$0$0$3,672,000
86$8,786,348$0$0$3,969,292
87$9,495,556$0$0$4,294,474
88$10,271,213$0$0$4,650,315
89$11,119,910$0$0$5,039,863
90$12,048,907$0$0$5,466,473
91$13,066,197$0$0$5,933,843
92$14,180,583$0$0$6,446,043
93$15,401,757$0$0$7,007,556
94$16,740,395$0$0$7,623,320
95$18,208,256$0$0$8,298,774
96$19,818,289$0$0$9,039,906
97$21,584,759$0$0$9,853,316
98$23,523,376$0$0$10,746,271
99$25,651,447$0$0$11,726,777
100$27,988,035$0$0$12,803,652