Can I retire at age 42 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$58,631$58,109$57,599$57,102$56,616$56,165
2 years$29,025$28,485$27,961$27,453$26,960$26,506
3 years$19,158$18,615$18,093$17,589$17,105$16,661
4 years$14,225$13,684$13,167$12,672$12,199$11,769
5 years$11,266$10,728$10,218$9,733$9,274$8,859
6 years$9,295$8,761$8,258$7,784$7,338$6,939
7 years$7,887$7,357$6,862$6,400$5,968$5,584
8 years$6,831$6,306$5,820$5,368$4,951$4,583
9 years$6,011$5,491$5,012$4,573$4,169$3,817
10 years$5,355$4,840$4,370$3,942$3,552$3,216
11 years$4,818$4,309$3,847$3,430$3,055$2,734
12 years$4,372$3,867$3,414$3,009$2,648$2,342
13 years$3,994$3,495$3,050$2,656$2,309$2,017
14 years$3,670$3,177$2,741$2,358$2,024$1,747
15 years$3,390$2,902$2,475$2,103$1,782$1,519
16 years$3,146$2,663$2,244$1,883$1,575$1,325
17 years$2,930$2,452$2,042$1,692$1,396$1,160
18 years$2,738$2,266$1,864$1,525$1,242$1,018
19 years$2,567$2,100$1,706$1,378$1,107$895
20 years$2,413$1,951$1,566$1,248$989$789
21 years$2,274$1,818$1,440$1,132$885$696
22 years$2,148$1,697$1,327$1,030$793$615
23 years$2,033$1,587$1,226$938$712$544
24 years$1,927$1,487$1,133$855$640$482
25 years$1,830$1,395$1,050$781$576$428
26 years$1,741$1,311$974$714$519$380
27 years$1,659$1,234$904$654$468$337
28 years$1,582$1,163$841$599$422$300
29 years$1,511$1,097$782$549$381$267
30 years$1,445$1,036$729$504$344$237
31 years$1,383$979$679$463$311$211
32 years$1,326$927$634$425$281$188
33 years$1,272$878$592$391$255$168
34 years$1,221$832$553$360$231$149
35 years$1,173$789$517$331$209$133
36 years$1,128$749$484$305$189$119
37 years$1,085$711$453$281$172$106
38 years$1,045$676$424$259$156$95
39 years$1,007$643$397$239$141$84
40 years$971$612$372$220$128$75
41 years$936$582$349$203$116$67
42 years$904$554$327$188$105$60
43 years$873$528$307$173$96$54
44 years$844$503$288$160$87$48
45 years$816$480$271$148$79$43
46 years$789$458$254$136$72$38
47 years$763$437$239$126$65$34
48 years$739$417$225$117$59$30
49 years$716$398$211$108$54$27
50 years$693$381$198$100$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $710,000, adding $6,706 every year, while hoping to spend $41,631 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: 23/50/27 Blend
41$710,000$710,000$710,000$710,000
42$789,337$751,707$740,702$800,631
43$825,555$744,246$721,221$803,380
44$864,071$735,024$699,691$802,377
45$905,076$723,910$676,001$800,413
46$948,780$710,767$650,033$797,435
47$995,410$695,450$621,664$793,391
48$1,045,217$677,801$590,764$788,226
49$1,098,474$657,659$557,201$781,887
50$1,155,484$634,849$520,832$774,320
51$1,216,574$609,188$481,511$765,471
52$1,282,108$580,482$439,084$755,288
53$1,352,481$548,524$393,392$743,718
54$1,428,130$513,097$344,267$730,711
55$1,509,533$473,972$291,533$716,219
56$1,597,214$430,906$235,008$700,197
57$1,691,751$383,641$174,502$682,603
58$1,793,776$331,906$109,814$663,399
59$1,903,986$275,415$40,738$642,554
60$2,023,146$213,863$0$620,043
61$2,152,096$146,932$0$605,348
62$2,291,761$74,282$0$602,101
63$2,443,156$0$0$598,624
64$2,607,399$0$0$597,446
65$2,785,718$0$0$640,645
66$2,979,466$0$0$687,691
67$3,190,128$0$0$738,960
68$3,419,341$0$0$794,864
69$3,668,904$0$0$855,856
70$3,940,797$0$0$922,437
71$4,237,200$0$0$995,157
72$4,560,510$0$0$1,074,621
73$4,913,369$0$0$1,161,496
74$5,298,681$0$0$1,256,516
75$5,719,646$0$0$1,360,489
76$6,179,784$0$0$1,474,306
77$6,682,975$0$0$1,598,946
78$7,233,485$0$0$1,735,488
79$7,836,016$0$0$1,885,121
80$8,495,744$0$0$2,049,155
81$9,218,368$0$0$2,229,029
82$10,010,166$0$0$2,426,334
83$10,878,050$0$0$2,642,816
84$11,829,634$0$0$2,880,403
85$12,873,304$0$0$3,141,216
86$14,018,295$0$0$3,427,594
87$15,274,780$0$0$3,742,110
88$16,653,965$0$0$4,087,601
89$18,168,193$0$0$4,467,191
90$19,831,061$0$0$4,884,324
91$21,657,549$0$0$5,342,791
92$23,664,155$0$0$5,846,769
93$25,869,057$0$0$6,400,863
94$28,292,281$0$0$7,010,142
95$30,955,887$0$0$7,680,194
96$33,884,183$0$0$8,417,174
97$37,103,944$0$0$9,227,865
98$40,644,674$0$0$10,119,738
99$44,538,876$0$0$11,101,028
100$48,822,363$0$0$12,180,805