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%11.8%
1 years$56,980$56,472$55,977$55,494$55,022$54,606
2 years$28,208$27,682$27,173$26,680$26,201$25,782
3 years$18,618$18,091$17,583$17,094$16,623$16,214
4 years$13,825$13,299$12,796$12,315$11,856$11,459
5 years$10,949$10,426$9,930$9,459$9,012$8,630
6 years$9,033$8,514$8,025$7,565$7,131$6,763
7 years$7,664$7,150$6,669$6,219$5,800$5,446
8 years$6,639$6,129$5,656$5,217$4,811$4,472
9 years$5,841$5,336$4,871$4,444$4,052$3,727
10 years$5,204$4,704$4,247$3,831$3,452$3,142
11 years$4,682$4,187$3,739$3,334$2,969$2,673
12 years$4,248$3,758$3,318$2,924$2,573$2,290
13 years$3,881$3,396$2,965$2,582$2,244$1,975
14 years$3,567$3,087$2,664$2,292$1,967$1,711
15 years$3,295$2,820$2,405$2,044$1,732$1,489
16 years$3,057$2,588$2,180$1,830$1,531$1,300
17 years$2,847$2,383$1,984$1,644$1,357$1,138
18 years$2,661$2,202$1,811$1,482$1,207$1,000
19 years$2,495$2,041$1,658$1,339$1,075$880
20 years$2,345$1,896$1,522$1,213$961$776
21 years$2,210$1,766$1,400$1,101$860$685
22 years$2,087$1,649$1,290$1,001$771$606
23 years$1,975$1,542$1,191$911$692$537
24 years$1,873$1,445$1,102$831$622$476
25 years$1,779$1,356$1,020$759$559$422
26 years$1,692$1,274$946$694$504$375
27 years$1,612$1,199$879$635$454$334
28 years$1,538$1,130$817$582$410$297
29 years$1,469$1,066$760$534$370$264
30 years$1,405$1,007$708$490$334$235
31 years$1,345$952$660$450$302$210
32 years$1,288$901$616$413$274$187
33 years$1,236$853$575$380$248$167
34 years$1,186$808$537$350$224$149
35 years$1,140$767$502$322$203$133
36 years$1,096$728$470$297$184$118
37 years$1,055$691$440$273$167$106
38 years$1,015$657$412$252$151$94
39 years$978$625$386$232$137$84
40 years$943$594$362$214$124$75
41 years$910$566$339$198$113$67
42 years$878$539$318$182$102$60
43 years$848$513$299$168$93$54
44 years$820$489$280$155$84$48
45 years$793$467$263$144$77$43
46 years$767$445$247$133$69$38
47 years$742$425$232$123$63$34
48 years$718$406$218$113$57$31
49 years$695$387$205$105$52$27
50 years$674$370$193$97$47$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $690,000, adding $6,227 every year, while hoping to spend $25,103 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: 59/31/10 Blend
41$690,000$690,000$690,000$690,000
42$766,803$730,233$719,538$809,883
43$818,308$739,305$716,933$848,660
44$874,224$747,980$713,400$887,538
45$934,977$756,213$708,880$929,316
46$1,001,030$763,953$703,314$974,275
47$1,072,898$771,150$696,638$1,022,725
48$1,151,144$777,747$688,785$1,075,008
49$1,236,389$783,684$679,688$1,131,500
50$1,329,315$788,899$669,272$1,192,618
51$1,430,674$793,324$657,461$1,258,820
52$1,541,294$796,888$644,177$1,330,614
53$1,662,085$799,514$629,336$1,408,557
54$1,794,049$801,122$612,850$1,493,267
55$1,938,290$801,625$594,628$1,585,423
56$2,096,022$800,932$574,575$1,685,776
57$2,268,585$798,945$552,592$1,795,154
58$2,457,450$795,563$528,573$1,914,470
59$2,664,239$790,675$502,410$2,044,732
60$2,890,739$784,166$473,988$2,187,053
61$3,138,917$775,912$443,189$2,342,658
62$3,410,938$765,784$409,888$2,512,901
63$3,709,189$753,642$373,954$2,699,275
64$4,036,297$739,342$335,252$2,903,427
65$4,395,156$722,726$293,640$3,127,174
66$4,788,955$703,633$248,970$3,372,519
67$5,221,204$681,886$201,086$3,641,673
68$5,695,771$657,303$149,826$3,937,075
69$6,216,917$629,688$95,023$4,261,413
70$6,789,336$598,836$36,500$4,617,656
71$7,418,197$564,528$0$5,009,074
72$8,109,198$526,535$0$5,442,045
73$8,868,612$484,611$0$5,922,117
74$9,703,354$438,500$0$6,449,802
75$10,621,038$387,929$0$7,029,963
76$11,630,057$332,610$0$7,667,961
77$12,739,654$272,239$0$8,369,709
78$13,960,015$206,495$0$9,141,725
79$15,302,362$135,039$0$9,991,194
80$16,779,058$57,511$0$10,926,038
81$18,403,727$0$0$11,954,991
82$20,191,378$0$0$13,096,711
83$22,158,549$0$0$14,374,740
84$24,323,463$0$0$15,781,306
85$26,706,197$0$0$17,329,463
86$29,328,875$0$0$19,033,593
87$32,215,874$0$0$20,909,544
88$35,394,053$0$0$22,974,781
89$38,893,010$0$0$25,248,544
90$42,745,356$0$0$27,752,037
91$46,987,027$0$0$30,508,622
92$51,657,621$0$0$33,544,045
93$56,800,769$0$0$36,886,671
94$62,464,552$0$0$40,567,762
95$68,701,948$0$0$44,621,761
96$75,571,339$0$0$49,086,625
97$83,137,054$0$0$54,004,179
98$91,469,981$0$0$59,420,511
99$100,648,235$0$0$65,386,407
100$110,757,892$0$0$71,957,833