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%11.6%
1 years$60,283$59,746$59,222$58,711$58,211$57,820
2 years$29,843$29,287$28,748$28,226$27,720$27,325
3 years$19,698$19,139$18,602$18,085$17,586$17,201
4 years$14,626$14,070$13,538$13,029$12,543$12,169
5 years$11,584$11,031$10,506$10,008$9,535$9,174
6 years$9,556$9,007$8,490$8,003$7,545$7,197
7 years$8,109$7,564$7,055$6,580$6,136$5,802
8 years$7,024$6,484$5,984$5,520$5,090$4,770
9 years$6,180$5,646$5,154$4,702$4,287$3,980
10 years$5,505$4,976$4,493$4,053$3,652$3,359
11 years$4,954$4,430$3,956$3,527$3,141$2,861
12 years$4,495$3,976$3,510$3,094$2,722$2,455
13 years$4,106$3,593$3,136$2,731$2,374$2,119
14 years$3,774$3,266$2,818$2,425$2,081$1,838
15 years$3,486$2,984$2,544$2,162$1,832$1,602
16 years$3,234$2,738$2,307$1,936$1,619$1,400
17 years$3,012$2,521$2,099$1,740$1,436$1,228
18 years$2,815$2,330$1,916$1,568$1,277$1,080
19 years$2,639$2,159$1,754$1,417$1,138$952
20 years$2,481$2,006$1,610$1,283$1,016$840
21 years$2,338$1,869$1,481$1,164$910$743
22 years$2,208$1,745$1,365$1,059$815$659
23 years$2,090$1,632$1,260$964$732$584
24 years$1,982$1,529$1,165$879$658$519
25 years$1,882$1,435$1,079$803$592$461
26 years$1,790$1,348$1,001$734$533$410
27 years$1,706$1,269$930$672$481$365
28 years$1,627$1,196$864$616$434$325
29 years$1,554$1,128$804$565$392$290
30 years$1,486$1,065$749$518$354$259
31 years$1,422$1,007$698$476$320$231
32 years$1,363$953$652$437$289$206
33 years$1,307$902$608$402$262$184
34 years$1,255$855$568$370$237$165
35 years$1,206$811$531$341$215$147
36 years$1,159$770$497$314$195$132
37 years$1,116$731$465$289$176$118
38 years$1,074$695$436$266$160$105
39 years$1,035$661$408$246$145$94
40 years$998$629$383$227$132$84
41 years$963$598$359$209$119$75
42 years$929$570$337$193$108$67
43 years$898$543$316$178$98$60
44 years$867$518$296$164$89$54
45 years$839$494$278$152$81$48
46 years$811$471$261$140$74$43
47 years$785$449$246$130$67$39
48 years$760$429$231$120$61$35
49 years$736$410$217$111$55$31
50 years$713$391$204$102$50$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $730,000, adding $2,097 every year, while hoping to spend $53,341 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: 56/30/14 Blend
41$730,000$730,000$730,000$730,000
42$806,623$767,933$756,618$848,761
43$832,144$748,807$725,210$858,455
44$858,481$726,957$690,963$863,013
45$885,660$702,191$653,724$866,745
46$913,708$674,310$613,335$869,582
47$942,656$643,101$569,631$871,452
48$972,533$608,339$522,440$872,276
49$1,003,369$569,785$471,579$871,974
50$1,035,197$527,189$416,862$870,458
51$1,068,051$480,285$358,090$867,638
52$1,101,964$428,791$295,058$863,417
53$1,136,973$372,410$227,551$857,692
54$1,173,115$310,829$155,345$850,355
55$1,210,429$243,716$78,205$841,293
56$1,248,955$170,721$0$830,385
57$1,288,736$91,473$0$818,118
58$1,329,814$5,582$0$816,250
59$1,372,235$0$0$812,985
60$1,416,047$0$0$837,055
61$1,461,299$0$0$863,821
62$1,508,042$0$0$891,471
63$1,556,330$0$0$920,037
64$1,606,220$0$0$949,552
65$1,657,769$0$0$980,051
66$1,711,039$0$0$1,011,571
67$1,766,095$0$0$1,044,149
68$1,823,002$0$0$1,077,827
69$1,881,833$0$0$1,112,646
70$1,942,660$0$0$1,148,651
71$2,005,561$0$0$1,185,887
72$2,070,617$0$0$1,224,403
73$2,137,915$0$0$1,264,252
74$2,207,544$0$0$1,305,485
75$2,279,599$0$0$1,348,162
76$2,354,181$0$0$1,392,341
77$2,431,396$0$0$1,438,087
78$2,511,354$0$0$1,485,466
79$2,594,175$0$0$1,534,550
80$2,679,983$0$0$1,585,413
81$2,768,912$0$0$1,638,137
82$2,861,102$0$0$1,692,805
83$2,956,703$0$0$1,749,507
84$3,055,874$0$0$1,808,341
85$3,158,784$0$0$1,869,408
86$3,265,614$0$0$1,932,817
87$3,376,557$0$0$1,998,684
88$3,491,819$0$0$2,067,135
89$3,611,619$0$0$2,138,302
90$3,736,193$0$0$2,212,329
91$3,865,793$0$0$2,289,367
92$4,000,691$0$0$2,369,582
93$4,141,177$0$0$2,453,150
94$4,287,563$0$0$2,540,261
95$4,440,186$0$0$2,631,119
96$4,599,409$0$0$2,725,945
97$4,765,622$0$0$2,824,976
98$4,939,246$0$0$2,928,469
99$5,120,737$0$0$3,036,702
100$5,310,587$0$0$3,149,975