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%14.3%
1 years$61,109$60,564$60,033$59,515$59,009$57,960
2 years$30,252$29,688$29,142$28,613$28,099$27,046
3 years$19,967$19,402$18,857$18,333$17,827$16,803
4 years$14,826$14,262$13,723$13,208$12,715$11,726
5 years$11,743$11,182$10,650$10,145$9,665$8,716
6 years$9,687$9,131$8,607$8,113$7,648$6,739
7 years$8,220$7,668$7,152$6,670$6,220$5,352
8 years$7,120$6,573$6,066$5,595$5,160$4,332
9 years$6,265$5,723$5,224$4,766$4,345$3,558
10 years$5,581$5,044$4,555$4,108$3,703$2,954
11 years$5,022$4,491$4,010$3,575$3,184$2,474
12 years$4,556$4,031$3,559$3,136$2,759$2,087
13 years$4,163$3,643$3,179$2,769$2,406$1,770
14 years$3,826$3,311$2,857$2,458$2,109$1,508
15 years$3,534$3,025$2,579$2,192$1,857$1,290
16 years$3,278$2,775$2,338$1,963$1,641$1,107
17 years$3,054$2,556$2,128$1,763$1,455$953
18 years$2,854$2,362$1,942$1,589$1,294$822
19 years$2,675$2,189$1,778$1,436$1,153$710
20 years$2,515$2,034$1,632$1,301$1,030$615
21 years$2,370$1,894$1,501$1,180$922$533
22 years$2,238$1,768$1,383$1,073$826$462
23 years$2,119$1,654$1,277$977$742$402
24 years$2,009$1,550$1,181$891$667$349
25 years$1,908$1,454$1,094$814$600$304
26 years$1,815$1,367$1,015$744$540$265
27 years$1,729$1,286$942$681$487$231
28 years$1,649$1,212$876$624$440$201
29 years$1,575$1,143$815$572$397$175
30 years$1,506$1,080$759$525$359$153
31 years$1,442$1,021$708$483$324$134
32 years$1,382$966$661$443$293$117
33 years$1,325$915$617$408$266$102
34 years$1,272$867$576$375$240$89
35 years$1,222$822$539$345$218$78
36 years$1,175$780$504$318$197$68
37 years$1,131$741$472$293$179$59
38 years$1,089$704$442$270$162$52
39 years$1,049$670$414$249$147$45
40 years$1,012$637$388$230$133$40
41 years$976$607$364$212$121$35
42 years$942$578$341$196$110$30
43 years$910$551$320$181$100$27
44 years$879$525$301$167$90$23
45 years$850$500$282$154$82$20
46 years$822$477$265$142$75$18
47 years$796$456$249$131$68$16
48 years$770$435$234$121$61$14
49 years$746$415$220$112$56$12
50 years$722$397$207$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $740,000, adding $2,239 every year, while hoping to spend $58,189 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: 74/15/11 Blend
41$740,000$740,000$740,000$740,000
42$817,790$778,570$767,100$876,407
43$839,291$754,807$730,885$891,641
44$861,036$727,929$691,506$900,837
45$882,987$697,723$648,797$909,303
46$905,102$663,962$602,582$916,951
47$927,333$626,406$552,679$923,682
48$949,623$584,802$498,896$929,389
49$971,909$538,882$441,034$933,956
50$994,120$488,363$378,884$937,257
51$1,016,172$432,946$312,229$939,153
52$1,037,975$372,313$240,842$939,492
53$1,059,423$306,131$164,485$938,112
54$1,080,400$234,047$82,910$934,832
55$1,100,773$155,688$0$929,457
56$1,120,395$70,659$0$922,260
57$1,139,099$0$0$922,940
58$1,156,700$0$0$925,075
59$1,172,992$0$0$937,787
60$1,187,742$0$0$949,224
61$1,200,692$0$0$959,175
62$1,211,554$0$0$967,405
63$1,220,009$0$0$973,651
64$1,225,701$0$0$977,623
65$1,228,231$0$0$978,996
66$1,227,162$0$0$977,412
67$1,222,004$0$0$972,471
68$1,212,214$0$0$963,730
69$1,197,191$0$0$950,698
70$1,176,267$0$0$932,829
71$1,148,703$0$0$909,520
72$1,113,681$0$0$880,102
73$1,070,292$0$0$843,835
74$1,017,532$0$0$799,898
75$954,291$0$0$747,384
76$879,337$0$0$685,290
77$791,310$0$0$612,505
78$688,707$0$0$527,801
79$569,864$0$0$429,821
80$432,942$0$0$317,065
81$275,910$0$0$187,875
82$96,524$0$0$40,420
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0