Can I retire at age 42 with 710,000?

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 $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%19%
1 years$58,631$58,109$57,599$57,102$56,616$54,564
2 years$29,025$28,485$27,961$27,453$26,960$24,915
3 years$19,158$18,615$18,093$17,589$17,105$15,131
4 years$14,225$13,684$13,167$12,672$12,199$10,312
5 years$11,266$10,728$10,218$9,733$9,274$7,478
6 years$9,295$8,761$8,258$7,784$7,338$5,635
7 years$7,887$7,357$6,862$6,400$5,968$4,357
8 years$6,831$6,306$5,820$5,368$4,951$3,431
9 years$6,011$5,491$5,012$4,573$4,169$2,739
10 years$5,355$4,840$4,370$3,942$3,552$2,208
11 years$4,818$4,309$3,847$3,430$3,055$1,795
12 years$4,372$3,867$3,414$3,009$2,648$1,468
13 years$3,994$3,495$3,050$2,656$2,309$1,206
14 years$3,670$3,177$2,741$2,358$2,024$995
15 years$3,390$2,902$2,475$2,103$1,782$823
16 years$3,146$2,663$2,244$1,883$1,575$683
17 years$2,930$2,452$2,042$1,692$1,396$568
18 years$2,738$2,266$1,864$1,525$1,242$473
19 years$2,567$2,100$1,706$1,378$1,107$395
20 years$2,413$1,951$1,566$1,248$989$330
21 years$2,274$1,818$1,440$1,132$885$276
22 years$2,148$1,697$1,327$1,030$793$231
23 years$2,033$1,587$1,226$938$712$193
24 years$1,927$1,487$1,133$855$640$162
25 years$1,830$1,395$1,050$781$576$136
26 years$1,741$1,311$974$714$519$114
27 years$1,659$1,234$904$654$468$95
28 years$1,582$1,163$841$599$422$80
29 years$1,511$1,097$782$549$381$67
30 years$1,445$1,036$729$504$344$56
31 years$1,383$979$679$463$311$47
32 years$1,326$927$634$425$281$40
33 years$1,272$878$592$391$255$33
34 years$1,221$832$553$360$231$28
35 years$1,173$789$517$331$209$24
36 years$1,128$749$484$305$189$20
37 years$1,085$711$453$281$172$17
38 years$1,045$676$424$259$156$14
39 years$1,007$643$397$239$141$12
40 years$971$612$372$220$128$10
41 years$936$582$349$203$116$8
42 years$904$554$327$188$105$7
43 years$873$528$307$173$96$6
44 years$844$503$288$160$87$5
45 years$816$480$271$148$79$4
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$3
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $710,000, adding $2,308 every year, while hoping to spend $50,203 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: 83/11/6 Blend
41$710,000$710,000$710,000$710,000
42$784,801$747,171$736,166$849,472
43$811,435$730,366$707,412$875,248
44$839,103$711,056$676,012$896,534
45$867,858$689,064$641,824$918,337
46$897,755$664,204$604,701$940,678
47$928,855$636,280$564,488$963,578
48$961,223$605,082$521,023$987,064
49$994,927$570,390$474,137$1,011,162
50$1,030,043$531,972$423,653$1,035,904
51$1,066,650$489,581$369,388$1,061,323
52$1,104,834$442,957$311,149$1,087,455
53$1,144,689$391,823$248,734$1,114,343
54$1,186,314$335,890$181,933$1,142,031
55$1,229,818$274,849$110,529$1,170,569
56$1,275,319$208,376$34,291$1,200,014
57$1,322,943$136,127$0$1,230,426
58$1,372,827$57,741$0$1,264,888
59$1,425,120$0$0$1,303,002
60$1,479,982$0$0$1,345,958
61$1,537,591$0$0$1,398,406
62$1,598,134$0$0$1,453,532
63$1,661,820$0$0$1,511,524
64$1,728,874$0$0$1,572,588
65$1,799,539$0$0$1,636,948
66$1,874,084$0$0$1,704,847
67$1,952,798$0$0$1,776,550
68$2,035,999$0$0$1,852,349
69$2,124,033$0$0$1,932,558
70$2,217,278$0$0$2,017,524
71$2,316,147$0$0$2,107,624
72$2,421,091$0$0$2,203,269
73$2,532,603$0$0$2,304,912
74$2,651,222$0$0$2,413,044
75$2,777,540$0$0$2,528,207
76$2,912,204$0$0$2,650,991
77$3,055,920$0$0$2,782,043
78$3,209,466$0$0$2,922,073
79$3,373,692$0$0$3,071,858
80$3,549,529$0$0$3,232,252
81$3,738,002$0$0$3,404,187
82$3,940,230$0$0$3,588,691
83$4,157,446$0$0$3,786,889
84$4,391,001$0$0$4,000,015
85$4,642,377$0$0$4,229,426
86$4,913,203$0$0$4,476,612
87$5,205,269$0$0$4,743,208
88$5,520,539$0$0$5,031,012
89$5,861,174$0$0$5,341,997
90$6,229,546$0$0$5,678,334
91$6,628,263$0$0$6,042,408
92$7,060,194$0$0$6,436,841
93$7,528,491$0$0$6,864,517
94$8,036,621$0$0$7,328,606
95$8,588,397$0$0$7,832,596
96$9,188,014$0$0$8,380,321
97$9,840,086$0$0$8,976,002
98$10,549,687$0$0$9,624,280
99$11,322,404$0$0$10,330,263
100$12,164,383$0$0$11,099,571