Can I retire at age 42 with 730,000?

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 $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%16.2%
1 years$60,283$59,746$59,222$58,711$58,211$56,735
2 years$29,843$29,287$28,748$28,226$27,720$26,242
3 years$19,698$19,139$18,602$18,085$17,586$16,153
4 years$14,626$14,070$13,538$13,029$12,543$11,166
5 years$11,584$11,031$10,506$10,008$9,535$8,217
6 years$9,556$9,007$8,490$8,003$7,545$6,288
7 years$8,109$7,564$7,055$6,580$6,136$4,940
8 years$7,024$6,484$5,984$5,520$5,090$3,955
9 years$6,180$5,646$5,154$4,702$4,287$3,211
10 years$5,505$4,976$4,493$4,053$3,652$2,635
11 years$4,954$4,430$3,956$3,527$3,141$2,180
12 years$4,495$3,976$3,510$3,094$2,722$1,816
13 years$4,106$3,593$3,136$2,731$2,374$1,521
14 years$3,774$3,266$2,818$2,425$2,081$1,280
15 years$3,486$2,984$2,544$2,162$1,832$1,080
16 years$3,234$2,738$2,307$1,936$1,619$915
17 years$3,012$2,521$2,099$1,740$1,436$776
18 years$2,815$2,330$1,916$1,568$1,277$660
19 years$2,639$2,159$1,754$1,417$1,138$563
20 years$2,481$2,006$1,610$1,283$1,016$480
21 years$2,338$1,869$1,481$1,164$910$410
22 years$2,208$1,745$1,365$1,059$815$351
23 years$2,090$1,632$1,260$964$732$300
24 years$1,982$1,529$1,165$879$658$257
25 years$1,882$1,435$1,079$803$592$221
26 years$1,790$1,348$1,001$734$533$189
27 years$1,706$1,269$930$672$481$162
28 years$1,627$1,196$864$616$434$139
29 years$1,554$1,128$804$565$392$120
30 years$1,486$1,065$749$518$354$103
31 years$1,422$1,007$698$476$320$88
32 years$1,363$953$652$437$289$76
33 years$1,307$902$608$402$262$65
34 years$1,255$855$568$370$237$56
35 years$1,206$811$531$341$215$48
36 years$1,159$770$497$314$195$41
37 years$1,116$731$465$289$176$36
38 years$1,074$695$436$266$160$31
39 years$1,035$661$408$246$145$26
40 years$998$629$383$227$132$23
41 years$963$598$359$209$119$20
42 years$929$570$337$193$108$17
43 years$898$543$316$178$98$14
44 years$867$518$296$164$89$12
45 years$839$494$278$152$81$11
46 years$811$471$261$140$74$9
47 years$785$449$246$130$67$8
48 years$760$429$231$120$61$7
49 years$736$410$217$111$55$6
50 years$713$391$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $730,000, adding $2,506 every year, while hoping to spend $30,754 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: 53/37/10 Blend
41$730,000$730,000$730,000$730,000
42$807,045$768,355$757,040$847,629
43$856,642$773,282$749,679$880,415
44$910,266$777,420$741,040$912,526
45$968,297$780,698$731,049$946,740
46$1,031,151$783,040$719,627$983,261
47$1,099,284$784,365$706,690$1,022,318
48$1,173,201$784,588$692,153$1,064,162
49$1,253,453$783,618$675,926$1,109,072
50$1,340,649$781,359$657,914$1,157,355
51$1,435,458$777,709$638,017$1,209,353
52$1,538,617$772,559$616,133$1,265,443
53$1,650,936$765,794$592,153$1,326,043
54$1,773,306$757,292$565,964$1,391,614
55$1,906,707$746,924$537,449$1,462,667
56$2,052,220$734,552$506,482$1,539,766
57$2,211,033$720,032$472,935$1,623,536
58$2,384,454$703,208$436,674$1,714,666
59$2,573,922$683,919$397,556$1,813,922
60$2,781,023$661,992$355,435$1,922,145
61$3,007,501$637,244$310,157$2,040,269
62$3,255,280$609,482$261,560$2,169,325
63$3,526,473$578,502$209,477$2,310,452
64$3,823,412$544,087$153,733$2,464,908
65$4,148,661$506,009$94,145$2,634,084
66$4,505,047$464,025$30,521$2,819,518
67$4,895,680$417,881$0$3,022,908
68$5,323,988$367,306$0$3,250,115
69$5,793,746$312,015$0$3,502,959
70$6,309,110$251,706$0$3,780,491
71$6,874,660$186,060$0$4,085,261
72$7,495,440$114,742$0$4,420,085
73$8,177,006$37,395$0$4,788,069
74$8,925,478$0$0$5,192,642
75$9,747,598$0$0$5,656,463
76$10,650,793$0$0$6,182,827
77$11,643,247$0$0$6,761,286
78$12,733,971$0$0$7,397,104
79$13,932,898$0$0$8,096,080
80$15,250,967$0$0$8,864,602
81$16,700,232$0$0$9,709,709
82$18,293,973$0$0$10,639,156
83$20,046,820$0$0$11,661,487
84$21,974,893$0$0$12,786,115
85$24,095,954$0$0$14,023,413
86$26,429,571$0$0$15,384,808
87$28,997,306$0$0$16,882,892
88$31,822,915$0$0$18,531,539
89$34,932,575$0$0$20,346,036
90$38,355,127$0$0$22,343,227
91$42,122,351$0$0$24,541,670
92$46,269,265$0$0$26,961,817
93$50,834,453$0$0$29,626,201
94$55,860,431$0$0$32,559,652
95$61,394,045$0$0$35,789,529
96$67,486,917$0$0$39,345,982
97$74,195,928$0$0$43,262,228
98$81,583,758$0$0$47,574,875
99$89,719,470$0$0$52,324,259
100$98,679,172$0$0$57,554,828