Can I retire at age 42 with 740,000?

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 $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%16.9%
1 years$61,109$60,564$60,033$59,515$59,009$57,350
2 years$30,252$29,688$29,142$28,613$28,099$26,441
3 years$19,967$19,402$18,857$18,333$17,827$16,221
4 years$14,826$14,262$13,723$13,208$12,715$11,173
5 years$11,743$11,182$10,650$10,145$9,665$8,192
6 years$9,687$9,131$8,607$8,113$7,648$6,245
7 years$8,220$7,668$7,152$6,670$6,220$4,887
8 years$7,120$6,573$6,066$5,595$5,160$3,896
9 years$6,265$5,723$5,224$4,766$4,345$3,150
10 years$5,581$5,044$4,555$4,108$3,703$2,574
11 years$5,022$4,491$4,010$3,575$3,184$2,120
12 years$4,556$4,031$3,559$3,136$2,759$1,758
13 years$4,163$3,643$3,179$2,769$2,406$1,465
14 years$3,826$3,311$2,857$2,458$2,109$1,227
15 years$3,534$3,025$2,579$2,192$1,857$1,031
16 years$3,278$2,775$2,338$1,963$1,641$868
17 years$3,054$2,556$2,128$1,763$1,455$733
18 years$2,854$2,362$1,942$1,589$1,294$620
19 years$2,675$2,189$1,778$1,436$1,153$526
20 years$2,515$2,034$1,632$1,301$1,030$446
21 years$2,370$1,894$1,501$1,180$922$379
22 years$2,238$1,768$1,383$1,073$826$323
23 years$2,119$1,654$1,277$977$742$275
24 years$2,009$1,550$1,181$891$667$234
25 years$1,908$1,454$1,094$814$600$199
26 years$1,815$1,367$1,015$744$540$170
27 years$1,729$1,286$942$681$487$145
28 years$1,649$1,212$876$624$440$124
29 years$1,575$1,143$815$572$397$106
30 years$1,506$1,080$759$525$359$90
31 years$1,442$1,021$708$483$324$77
32 years$1,382$966$661$443$293$66
33 years$1,325$915$617$408$266$56
34 years$1,272$867$576$375$240$48
35 years$1,222$822$539$345$218$41
36 years$1,175$780$504$318$197$35
37 years$1,131$741$472$293$179$30
38 years$1,089$704$442$270$162$26
39 years$1,049$670$414$249$147$22
40 years$1,012$637$388$230$133$19
41 years$976$607$364$212$121$16
42 years$942$578$341$196$110$14
43 years$910$551$320$181$100$12
44 years$879$525$301$167$90$10
45 years$850$500$282$154$82$9
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$5
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 $3,944 every year, while hoping to spend $44,382 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: 46/49/5 Blend
41$740,000$740,000$740,000$740,000
42$819,548$780,328$768,858$855,977
43$855,920$771,342$747,393$872,411
44$894,514$760,428$723,721$885,250
45$935,511$747,445$697,722$898,126
46$979,106$732,244$669,269$911,056
47$1,025,516$714,664$638,230$924,061
48$1,074,975$694,540$604,468$937,166
49$1,127,743$671,692$567,837$950,405
50$1,184,101$645,933$528,188$963,814
51$1,244,359$617,064$485,362$977,443
52$1,308,857$584,874$439,195$991,345
53$1,377,968$549,139$389,515$1,005,586
54$1,452,099$509,626$336,143$1,020,244
55$1,531,700$466,084$278,890$1,035,407
56$1,617,261$418,251$217,561$1,051,181
57$1,709,324$365,847$151,952$1,067,685
58$1,808,481$308,580$81,848$1,085,057
59$1,915,384$246,137$7,027$1,103,458
60$2,030,747$178,192$0$1,123,068
61$2,155,357$104,397$0$1,147,982
62$2,290,077$24,387$0$1,175,203
63$2,435,858$0$0$1,204,639
64$2,593,743$0$0$1,270,160
65$2,764,878$0$0$1,355,506
66$2,950,527$0$0$1,448,163
67$3,152,076$0$0$1,548,836
68$3,371,052$0$0$1,658,295
69$3,609,133$0$0$1,777,391
70$3,868,167$0$0$1,907,057
71$4,150,186$0$0$2,048,324
72$4,457,426$0$0$2,202,322
73$4,792,348$0$0$2,370,298
74$5,157,661$0$0$2,553,623
75$5,556,345$0$0$2,753,805
76$5,991,682$0$0$2,972,507
77$6,467,283$0$0$3,211,558
78$6,987,126$0$0$3,472,972
79$7,555,589$0$0$3,758,965
80$8,177,492$0$0$4,071,980
81$8,858,143$0$0$4,414,705
82$9,603,387$0$0$4,790,101
83$10,419,659$0$0$5,201,427
84$11,314,048$0$0$5,652,275
85$12,294,360$0$0$6,146,598
86$13,369,191$0$0$6,688,753
87$14,548,010$0$0$7,283,537
88$15,841,247$0$0$7,936,234
89$17,260,388$0$0$8,652,663
90$18,818,086$0$0$9,439,237
91$20,528,279$0$0$10,303,017
92$22,406,321$0$0$11,251,784
93$24,469,123$0$0$12,294,108
94$26,735,319$0$0$13,439,429
95$29,225,432$0$0$14,698,151
96$31,962,075$0$0$16,081,730
97$34,970,158$0$0$17,602,793
98$38,277,126$0$0$19,275,246
99$41,913,216$0$0$21,114,414
100$45,911,739$0$0$23,137,180