Can I retire at age 42 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$59,457$58,927$58,411$57,906$57,414$55,289
2 years$29,434$28,886$28,355$27,840$27,340$25,223
3 years$19,428$18,877$18,347$17,837$17,346$15,303
4 years$14,426$13,877$13,352$12,851$12,371$10,419
5 years$11,425$10,880$10,362$9,870$9,404$7,548
6 years$9,425$8,884$8,374$7,894$7,441$5,681
7 years$7,998$7,461$6,959$6,490$6,052$4,388
8 years$6,927$6,395$5,902$5,444$5,020$3,451
9 years$6,095$5,568$5,083$4,637$4,228$2,751
10 years$5,430$4,908$4,431$3,997$3,602$2,216
11 years$4,886$4,369$3,901$3,479$3,098$1,798
12 years$4,433$3,922$3,462$3,051$2,685$1,469
13 years$4,050$3,544$3,093$2,694$2,341$1,205
14 years$3,722$3,221$2,779$2,391$2,052$993
15 years$3,438$2,943$2,509$2,133$1,807$821
16 years$3,190$2,700$2,275$1,910$1,597$680
17 years$2,971$2,487$2,070$1,716$1,416$565
18 years$2,777$2,298$1,890$1,546$1,259$470
19 years$2,603$2,130$1,730$1,397$1,122$391
20 years$2,447$1,979$1,588$1,265$1,002$326
21 years$2,306$1,843$1,461$1,148$897$272
22 years$2,178$1,721$1,346$1,044$804$228
23 years$2,061$1,609$1,243$951$722$190
24 years$1,954$1,508$1,149$867$649$159
25 years$1,856$1,415$1,065$792$584$133
26 years$1,766$1,330$987$724$526$112
27 years$1,682$1,252$917$663$474$93
28 years$1,605$1,179$852$607$428$78
29 years$1,533$1,113$793$557$386$66
30 years$1,466$1,051$739$511$349$55
31 years$1,403$993$689$469$316$46
32 years$1,344$940$643$431$285$39
33 years$1,289$890$600$397$258$32
34 years$1,238$844$561$365$234$27
35 years$1,189$800$524$336$212$23
36 years$1,144$759$490$309$192$19
37 years$1,100$721$459$285$174$16
38 years$1,060$685$430$263$158$13
39 years$1,021$652$403$242$143$11
40 years$984$620$377$224$130$9
41 years$950$590$354$206$118$8
42 years$917$562$332$190$107$7
43 years$885$536$312$176$97$6
44 years$855$511$292$162$88$5
45 years$827$487$275$150$80$4
46 years$800$464$258$138$73$3
47 years$774$443$242$128$66$3
48 years$749$423$228$118$60$2
49 years$726$404$214$109$54$2
50 years$703$386$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $720,000, adding $5,557 every year, while hoping to spend $28,336 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: 52/37/11 Blend
41$720,000$720,000$720,000$720,000
42$799,172$761,012$749,852$838,147
43$850,538$768,152$744,823$872,467
44$906,194$774,693$738,675$906,271
45$966,547$780,574$731,342$942,379
46$1,032,046$785,733$722,753$981,013
47$1,103,184$790,103$712,834$1,022,424
48$1,180,502$793,611$701,508$1,066,885
49$1,264,597$796,183$688,693$1,114,700
50$1,356,127$797,736$674,304$1,166,203
51$1,455,812$798,186$658,254$1,221,765
52$1,564,449$797,440$640,449$1,281,795
53$1,682,910$795,403$620,792$1,346,747
54$1,812,160$791,970$599,181$1,417,120
55$1,953,257$787,034$575,511$1,493,468
56$2,107,369$780,478$549,670$1,576,400
57$2,275,778$772,179$521,542$1,666,593
58$2,459,900$762,008$491,005$1,764,792
59$2,661,289$749,826$457,933$1,871,822
60$2,881,660$735,487$422,194$1,988,592
61$3,122,900$718,836$383,648$2,116,107
62$3,387,086$699,710$342,151$2,255,480
63$3,676,508$677,935$297,552$2,407,937
64$3,993,685$653,327$249,693$2,574,832
65$4,341,392$625,691$198,409$2,757,662
66$4,722,687$594,822$143,528$2,958,079
67$5,140,935$560,503$84,871$3,177,909
68$5,599,846$522,503$22,249$3,419,164
69$6,103,503$480,579$0$3,684,070
70$6,656,406$434,473$0$3,980,314
71$7,263,512$383,914$0$4,308,501
72$7,930,279$328,614$0$4,669,034
73$8,662,721$268,271$0$5,065,241
74$9,467,465$202,562$0$5,500,795
75$10,351,808$131,150$0$5,979,745
76$11,323,793$53,676$0$6,506,562
77$12,392,277$0$0$7,086,174
78$13,567,020$0$0$7,736,331
79$14,858,776$0$0$8,475,358
80$16,279,389$0$0$9,288,188
81$17,841,914$0$0$10,182,300
82$19,560,729$0$0$11,165,932
83$21,451,681$0$0$12,248,164
84$23,532,226$0$0$13,438,997
85$25,821,599$0$0$14,749,454
86$28,340,995$0$0$16,191,676
87$31,113,765$0$0$17,779,046
88$34,165,641$0$0$19,526,306
89$37,524,973$0$0$21,449,700
90$41,223,002$0$0$23,567,130
91$45,294,151$0$0$25,898,319
92$49,776,347$0$0$28,465,000
93$54,711,388$0$0$31,291,122
94$60,145,324$0$0$34,403,074
95$66,128,904$0$0$37,829,932
96$72,718,044$0$0$41,603,739
97$79,974,362$0$0$45,759,801
98$87,965,756$0$0$50,337,025
99$96,767,044$0$0$55,378,283
100$106,460,669$0$0$60,930,815