Can I retire at age 42 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$61,109$60,564$60,033$59,515$59,009$57,280
2 years$30,252$29,688$29,142$28,613$28,099$26,372
3 years$19,967$19,402$18,857$18,333$17,827$16,155
4 years$14,826$14,262$13,723$13,208$12,715$11,111
5 years$11,743$11,182$10,650$10,145$9,665$8,134
6 years$9,687$9,131$8,607$8,113$7,648$6,190
7 years$8,220$7,668$7,152$6,670$6,220$4,836
8 years$7,120$6,573$6,066$5,595$5,160$3,849
9 years$6,265$5,723$5,224$4,766$4,345$3,106
10 years$5,581$5,044$4,555$4,108$3,703$2,533
11 years$5,022$4,491$4,010$3,575$3,184$2,083
12 years$4,556$4,031$3,559$3,136$2,759$1,724
13 years$4,163$3,643$3,179$2,769$2,406$1,434
14 years$3,826$3,311$2,857$2,458$2,109$1,198
15 years$3,534$3,025$2,579$2,192$1,857$1,004
16 years$3,278$2,775$2,338$1,963$1,641$844
17 years$3,054$2,556$2,128$1,763$1,455$711
18 years$2,854$2,362$1,942$1,589$1,294$601
19 years$2,675$2,189$1,778$1,436$1,153$508
20 years$2,515$2,034$1,632$1,301$1,030$430
21 years$2,370$1,894$1,501$1,180$922$365
22 years$2,238$1,768$1,383$1,073$826$309
23 years$2,119$1,654$1,277$977$742$263
24 years$2,009$1,550$1,181$891$667$223
25 years$1,908$1,454$1,094$814$600$190
26 years$1,815$1,367$1,015$744$540$162
27 years$1,729$1,286$942$681$487$138
28 years$1,649$1,212$876$624$440$117
29 years$1,575$1,143$815$572$397$100
30 years$1,506$1,080$759$525$359$85
31 years$1,442$1,021$708$483$324$72
32 years$1,382$966$661$443$293$62
33 years$1,325$915$617$408$266$53
34 years$1,272$867$576$375$240$45
35 years$1,222$822$539$345$218$38
36 years$1,175$780$504$318$197$33
37 years$1,131$741$472$293$179$28
38 years$1,089$704$442$270$162$24
39 years$1,049$670$414$249$147$20
40 years$1,012$637$388$230$133$17
41 years$976$607$364$212$121$15
42 years$942$578$341$196$110$13
43 years$910$551$320$181$100$11
44 years$879$525$301$167$90$9
45 years$850$500$282$154$82$8
46 years$822$477$265$142$75$7
47 years$796$456$249$131$68$6
48 years$770$435$234$121$61$5
49 years$746$415$220$112$56$4
50 years$722$397$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $740,000, adding $4,259 every year, while hoping to spend $26,582 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: 41/37/22 Blend
41$740,000$740,000$740,000$740,000
42$819,873$780,653$769,183$848,023
43$875,217$790,622$766,668$878,526
44$935,315$800,189$763,177$908,659
45$1,000,625$809,305$758,651$940,738
46$1,071,647$817,920$753,025$974,956
47$1,148,937$825,979$746,232$1,011,526
48$1,233,101$833,425$738,204$1,050,686
49$1,324,810$840,195$728,866$1,092,696
50$1,424,800$846,224$718,142$1,137,848
51$1,533,882$851,442$705,952$1,186,461
52$1,652,948$855,773$692,212$1,238,892
53$1,782,982$859,138$676,834$1,295,532
54$1,925,064$861,454$659,726$1,356,819
55$2,080,385$862,630$640,792$1,423,231
56$2,250,256$862,571$619,930$1,495,304
57$2,436,121$861,176$597,037$1,573,624
58$2,639,569$858,337$572,001$1,658,844
59$2,862,350$853,941$544,708$1,751,685
60$3,106,391$847,865$515,037$1,852,941
61$3,373,815$839,983$482,863$1,963,496
62$3,666,960$830,157$448,054$2,084,321
63$3,988,399$818,244$410,473$2,216,493
64$4,340,968$804,090$369,976$2,361,201
65$4,727,790$787,534$326,414$2,519,759
66$5,152,306$768,404$279,630$2,693,621
67$5,618,304$746,519$229,461$2,884,389
68$6,129,958$721,686$175,735$3,093,837
69$6,691,867$693,702$118,275$3,323,922
70$7,309,095$662,350$56,895$3,576,808
71$7,987,222$627,405$0$3,854,883
72$8,732,395$588,624$0$4,162,806
73$9,551,385$545,753$0$4,515,852
74$10,451,653$498,522$0$4,903,918
75$11,441,419$446,646$0$5,330,606
76$12,529,737$389,825$0$5,799,892
77$13,726,585$327,741$0$6,316,158
78$15,042,953$260,057$0$6,884,240
79$16,490,953$186,419$0$7,509,472
80$18,083,928$106,451$0$8,197,737
81$19,836,580$19,759$0$8,955,523
82$21,765,108$0$0$9,789,986
83$23,887,358$0$0$10,739,180
84$26,222,998$0$0$11,792,780
85$28,793,696$0$0$12,952,531
86$31,623,328$0$0$14,229,218
87$34,738,201$0$0$15,634,727
88$38,167,304$0$0$17,182,153
89$41,942,578$0$0$18,885,925
90$46,099,220$0$0$20,761,945
91$50,676,012$0$0$22,827,733
92$55,715,689$0$0$25,102,596
93$61,265,341$0$0$27,607,808
94$67,376,857$0$0$30,366,810
95$74,107,415$0$0$33,405,435
96$81,520,020$0$0$36,752,149
97$89,684,101$0$0$40,438,317
98$98,676,163$0$0$44,498,504
99$108,580,511$0$0$48,970,797
100$119,490,042$0$0$53,897,168