Can I retire at age 42 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$60,283$59,746$59,222$58,711$58,211$56,235
2 years$29,843$29,287$28,748$28,226$27,720$25,749
3 years$19,698$19,139$18,602$18,085$17,586$15,683
4 years$14,626$14,070$13,538$13,029$12,543$10,720
5 years$11,584$11,031$10,506$10,008$9,535$7,799
6 years$9,556$9,007$8,490$8,003$7,545$5,896
7 years$8,109$7,564$7,055$6,580$6,136$4,575
8 years$7,024$6,484$5,984$5,520$5,090$3,615
9 years$6,180$5,646$5,154$4,702$4,287$2,896
10 years$5,505$4,976$4,493$4,053$3,652$2,344
11 years$4,954$4,430$3,956$3,527$3,141$1,913
12 years$4,495$3,976$3,510$3,094$2,722$1,570
13 years$4,106$3,593$3,136$2,731$2,374$1,296
14 years$3,774$3,266$2,818$2,425$2,081$1,073
15 years$3,486$2,984$2,544$2,162$1,832$892
16 years$3,234$2,738$2,307$1,936$1,619$744
17 years$3,012$2,521$2,099$1,740$1,436$621
18 years$2,815$2,330$1,916$1,568$1,277$520
19 years$2,639$2,159$1,754$1,417$1,138$436
20 years$2,481$2,006$1,610$1,283$1,016$365
21 years$2,338$1,869$1,481$1,164$910$307
22 years$2,208$1,745$1,365$1,059$815$258
23 years$2,090$1,632$1,260$964$732$217
24 years$1,982$1,529$1,165$879$658$183
25 years$1,882$1,435$1,079$803$592$154
26 years$1,790$1,348$1,001$734$533$130
27 years$1,706$1,269$930$672$481$109
28 years$1,627$1,196$864$616$434$92
29 years$1,554$1,128$804$565$392$78
30 years$1,486$1,065$749$518$354$66
31 years$1,422$1,007$698$476$320$55
32 years$1,363$953$652$437$289$47
33 years$1,307$902$608$402$262$39
34 years$1,255$855$568$370$237$33
35 years$1,206$811$531$341$215$28
36 years$1,159$770$497$314$195$24
37 years$1,116$731$465$289$176$20
38 years$1,074$695$436$266$160$17
39 years$1,035$661$408$246$145$14
40 years$998$629$383$227$132$12
41 years$963$598$359$209$119$10
42 years$929$570$337$193$108$9
43 years$898$543$316$178$98$7
44 years$867$518$296$164$89$6
45 years$839$494$278$152$81$5
46 years$811$471$261$140$74$4
47 years$785$449$246$130$67$4
48 years$760$429$231$120$61$3
49 years$736$410$217$111$55$3
50 years$713$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $730,000, adding $4,571 every year, while hoping to spend $29,678 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: 38/49/13 Blend
41$730,000$730,000$730,000$730,000
42$809,175$770,485$759,170$836,569
43$860,134$776,662$753,025$862,694
44$915,295$782,146$745,680$887,692
45$975,058$786,873$737,062$914,059
46$1,039,857$790,774$727,097$941,932
47$1,110,175$793,774$715,707$971,463
48$1,186,539$795,795$702,809$1,002,823
49$1,269,531$796,754$688,318$1,036,200
50$1,359,789$796,561$672,143$1,071,805
51$1,458,018$795,123$654,191$1,109,871
52$1,564,992$792,340$634,362$1,150,658
53$1,681,562$788,105$612,554$1,194,455
54$1,808,666$782,307$588,659$1,241,581
55$1,947,335$774,826$562,564$1,292,393
56$2,098,705$765,534$534,152$1,347,284
57$2,264,027$754,299$503,300$1,406,694
58$2,444,676$740,978$469,879$1,471,108
59$2,642,167$725,420$433,754$1,541,065
60$2,858,168$707,466$394,785$1,617,164
61$3,094,517$686,947$352,826$1,700,066
62$3,353,234$663,684$307,722$1,790,506
63$3,636,548$637,489$259,315$1,889,298
64$3,946,910$608,160$207,436$1,997,344
65$4,287,022$575,486$151,912$2,115,642
66$4,659,856$539,244$92,559$2,245,299
67$5,068,690$499,195$29,189$2,387,540
68$5,517,131$455,091$0$2,543,718
69$6,009,154$406,665$0$2,720,668
70$6,549,135$353,639$0$2,919,385
71$7,141,895$295,716$0$3,137,682
72$7,792,748$232,585$0$3,377,623
73$8,507,541$163,915$0$3,641,489
74$9,292,722$89,359$0$3,931,799
75$10,155,390$8,547$0$4,251,337
76$11,103,366$0$0$4,603,179
77$12,145,268$0$0$5,033,268
78$13,290,589$0$0$5,511,223
79$14,549,787$0$0$6,036,813
80$15,934,385$0$0$6,614,862
81$17,457,079$0$0$7,250,684
82$19,131,856$0$0$7,950,134
83$20,974,125$0$0$8,719,665
84$23,000,867$0$0$9,566,384
85$25,230,789$0$0$10,498,125
86$27,684,504$0$0$11,523,515
87$30,384,723$0$0$12,652,065
88$33,356,471$0$0$13,894,251
89$36,627,321$0$0$15,261,618
90$40,227,656$0$0$16,766,887
91$44,190,951$0$0$18,424,073
92$48,554,095$0$0$20,248,621
93$53,357,734$0$0$22,257,550
94$58,646,654$0$0$24,469,612
95$64,470,206$0$0$26,905,471
96$70,882,770$0$0$29,587,896
97$77,944,269$0$0$32,541,978
98$85,720,732$0$0$35,795,364
99$94,284,918$0$0$39,378,519
100$103,717,002$0$0$43,325,015