Can I retire at age 42 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$57,805$57,290$56,788$56,298$55,819$54,759
2 years$28,617$28,084$27,567$27,066$26,580$25,517
3 years$18,888$18,353$17,838$17,342$16,864$15,829
4 years$14,025$13,491$12,981$12,494$12,027$11,030
5 years$11,108$10,577$10,074$9,596$9,143$8,186
6 years$9,164$8,637$8,141$7,674$7,235$6,319
7 years$7,776$7,254$6,765$6,309$5,884$5,010
8 years$6,735$6,218$5,738$5,293$4,881$4,048
9 years$5,926$5,414$4,942$4,508$4,111$3,318
10 years$5,279$4,772$4,308$3,886$3,502$2,750
11 years$4,750$4,248$3,793$3,382$3,012$2,299
12 years$4,310$3,813$3,366$2,967$2,610$1,935
13 years$3,938$3,446$3,008$2,619$2,276$1,638
14 years$3,619$3,132$2,702$2,325$1,995$1,393
15 years$3,343$2,861$2,440$2,073$1,757$1,189
16 years$3,101$2,625$2,212$1,857$1,553$1,018
17 years$2,889$2,418$2,013$1,668$1,377$874
18 years$2,700$2,234$1,837$1,503$1,224$753
19 years$2,531$2,070$1,682$1,358$1,091$649
20 years$2,379$1,924$1,544$1,230$975$560
21 years$2,242$1,792$1,420$1,117$872$485
22 years$2,117$1,673$1,309$1,015$782$420
23 years$2,004$1,565$1,208$925$702$364
24 years$1,900$1,466$1,118$843$631$316
25 years$1,805$1,376$1,035$770$568$274
26 years$1,717$1,293$960$704$511$238
27 years$1,635$1,217$891$645$461$207
28 years$1,560$1,147$829$591$416$180
29 years$1,490$1,082$771$542$376$157
30 years$1,425$1,021$718$497$339$136
31 years$1,364$966$670$456$307$119
32 years$1,307$914$625$419$278$103
33 years$1,254$865$583$386$251$90
34 years$1,203$820$545$355$227$78
35 years$1,156$778$510$327$206$68
36 years$1,112$738$477$301$187$60
37 years$1,070$701$446$277$169$52
38 years$1,030$666$418$256$153$45
39 years$993$634$391$236$139$40
40 years$957$603$367$217$126$34
41 years$923$574$344$201$114$30
42 years$891$547$323$185$104$26
43 years$861$521$303$171$94$23
44 years$832$496$284$158$86$20
45 years$804$473$267$146$78$17
46 years$778$452$251$135$70$15
47 years$753$431$236$124$64$13
48 years$728$411$221$115$58$12
49 years$705$393$208$106$53$10
50 years$683$375$196$98$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $700,000, adding $5,988 every year, while hoping to spend $51,032 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: 77/15/8 Blend
41$700,000$700,000$700,000$700,000
42$777,577$740,477$729,627$836,097
43$802,592$722,462$699,771$857,377
44$828,448$701,855$667,206$873,533
45$855,178$678,474$631,785$889,763
46$882,814$652,127$593,358$906,052
47$911,391$622,612$551,766$922,384
48$940,948$589,714$506,844$938,745
49$971,521$553,207$458,421$955,117
50$1,003,154$512,851$406,315$971,482
51$1,035,887$468,393$350,338$987,823
52$1,069,768$419,564$290,295$1,004,118
53$1,104,843$366,082$225,978$1,020,348
54$1,141,163$307,646$157,175$1,036,490
55$1,178,783$243,941$83,661$1,052,523
56$1,217,758$174,634$5,203$1,068,422
57$1,258,148$99,370$0$1,084,163
58$1,300,019$17,779$0$1,106,425
59$1,343,436$0$0$1,129,386
60$1,388,473$0$0$1,164,242
61$1,435,206$0$0$1,203,457
62$1,483,716$0$0$1,244,168
63$1,534,091$0$0$1,286,446
64$1,586,425$0$0$1,330,371
65$1,640,815$0$0$1,376,027
66$1,697,370$0$0$1,423,503
67$1,756,203$0$0$1,472,896
68$1,817,436$0$0$1,524,310
69$1,881,201$0$0$1,577,855
70$1,947,639$0$0$1,633,650
71$2,016,903$0$0$1,691,824
72$2,089,155$0$0$1,752,516
73$2,164,573$0$0$1,815,875
74$2,243,347$0$0$1,882,060
75$2,325,682$0$0$1,951,248
76$2,411,801$0$0$2,023,624
77$2,501,945$0$0$2,099,394
78$2,596,374$0$0$2,178,777
79$2,695,370$0$0$2,262,012
80$2,799,240$0$0$2,349,359
81$2,908,316$0$0$2,441,098
82$3,022,961$0$0$2,537,537
83$3,143,565$0$0$2,639,006
84$3,270,558$0$0$2,745,869
85$3,404,404$0$0$2,858,519
86$3,545,610$0$0$2,977,385
87$3,694,729$0$0$3,102,935
88$3,852,363$0$0$3,235,680
89$4,019,170$0$0$3,376,176
90$4,195,868$0$0$3,525,033
91$4,383,242$0$0$3,682,914
92$4,582,149$0$0$3,850,547
93$4,793,527$0$0$4,028,725
94$5,018,401$0$0$4,218,318
95$5,257,894$0$0$4,420,278
96$5,513,235$0$0$4,635,646
97$5,785,771$0$0$4,865,563
98$6,076,977$0$0$5,111,280
99$6,388,468$0$0$5,374,167
100$6,722,019$0$0$5,655,726