Can I retire at age 42 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$61,934$61,383$60,844$60,319$59,806$59,280
2 years$30,661$30,090$29,536$29,000$28,479$27,949
3 years$20,237$19,664$19,112$18,580$18,068$17,551
4 years$15,027$14,455$13,909$13,386$12,886$12,385
5 years$11,901$11,333$10,794$10,282$9,796$9,313
6 years$9,818$9,254$8,723$8,222$7,751$7,286
7 years$8,331$7,772$7,249$6,760$6,304$5,858
8 years$7,216$6,662$6,147$5,671$5,230$4,802
9 years$6,349$5,800$5,295$4,830$4,404$3,995
10 years$5,656$5,113$4,616$4,164$3,753$3,362
11 years$5,090$4,551$4,064$3,624$3,227$2,854
12 years$4,618$4,085$3,607$3,179$2,797$2,441
13 years$4,219$3,692$3,222$2,806$2,439$2,101
14 years$3,877$3,356$2,895$2,491$2,138$1,817
15 years$3,581$3,066$2,614$2,222$1,882$1,577
16 years$3,323$2,813$2,370$1,989$1,664$1,374
17 years$3,095$2,590$2,157$1,787$1,475$1,201
18 years$2,892$2,394$1,969$1,611$1,312$1,053
19 years$2,712$2,218$1,802$1,455$1,169$924
20 years$2,549$2,061$1,654$1,318$1,044$813
21 years$2,402$1,920$1,521$1,196$934$717
22 years$2,269$1,792$1,402$1,088$838$633
23 years$2,147$1,676$1,295$991$752$559
24 years$2,036$1,571$1,197$903$676$494
25 years$1,934$1,474$1,109$825$608$438
26 years$1,839$1,385$1,029$754$548$388
27 years$1,752$1,304$955$691$494$344
28 years$1,672$1,228$888$633$446$305
29 years$1,597$1,159$826$580$402$271
30 years$1,527$1,094$770$532$364$241
31 years$1,461$1,035$717$489$329$214
32 years$1,400$979$669$449$297$190
33 years$1,343$927$625$413$269$169
34 years$1,289$879$584$380$244$151
35 years$1,239$833$546$350$221$134
36 years$1,191$791$511$322$200$119
37 years$1,146$751$478$297$181$106
38 years$1,104$714$448$274$164$95
39 years$1,063$679$419$252$149$84
40 years$1,025$646$393$233$135$75
41 years$989$615$369$215$123$67
42 years$955$586$346$198$111$60
43 years$922$558$324$183$101$53
44 years$891$532$305$169$92$47
45 years$861$507$286$156$83$42
46 years$833$484$269$144$76$38
47 years$806$462$252$133$69$34
48 years$780$441$237$123$62$30
49 years$756$421$223$114$57$27
50 years$732$402$210$105$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $750,000, adding $4,190 every year, while hoping to spend $46,160 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: 42/41/17 Blend
41$750,000$750,000$750,000$750,000
42$830,822$791,072$779,447$861,418
43$866,452$780,721$756,445$873,083
44$904,169$768,315$731,125$880,862
45$944,138$753,706$703,360$888,309
46$986,537$736,734$673,020$895,416
47$1,031,563$717,233$639,965$902,178
48$1,079,430$695,026$604,052$908,592
49$1,130,373$669,923$565,129$914,659
50$1,184,648$641,727$523,038$920,386
51$1,242,538$610,227$477,616$925,783
52$1,304,350$575,201$428,688$930,867
53$1,370,421$536,413$376,077$935,662
54$1,441,121$493,615$319,593$940,199
55$1,516,858$446,544$259,042$944,519
56$1,598,074$394,922$194,217$948,672
57$1,685,260$338,455$124,905$952,720
58$1,778,950$276,833$50,882$956,739
59$1,879,732$209,728$0$960,819
60$1,988,254$136,793$0$970,167
61$2,105,224$57,664$0$989,992
62$2,231,421$0$0$1,011,249
63$2,367,701$0$0$1,046,811
64$2,515,005$0$0$1,113,443
65$2,674,366$0$0$1,185,608
66$2,846,922$0$0$1,263,830
67$3,033,921$0$0$1,348,685
68$3,236,737$0$0$1,440,807
69$3,456,881$0$0$1,540,894
70$3,696,015$0$0$1,649,713
71$3,955,966$0$0$1,768,109
72$4,238,746$0$0$1,897,010
73$4,546,566$0$0$2,037,439
74$4,881,861$0$0$2,190,520
75$5,247,309$0$0$2,357,490
76$5,645,860$0$0$2,539,714
77$6,080,758$0$0$2,738,689
78$6,555,574$0$0$2,956,067
79$7,074,240$0$0$3,193,666
80$7,641,086$0$0$3,453,487
81$8,260,876$0$0$3,737,733
82$8,938,857$0$0$4,048,829
83$9,680,807$0$0$4,389,447
84$10,493,086$0$0$4,762,529
85$11,382,700$0$0$5,171,314
86$12,357,363$0$0$5,619,370
87$13,425,571$0$0$6,110,626
88$14,596,680$0$0$6,649,409
89$15,880,997$0$0$7,240,487
90$17,289,870$0$0$7,889,109
91$18,835,803$0$0$8,601,058
92$20,532,565$0$0$9,382,705
93$22,395,325$0$0$10,241,067
94$24,440,793$0$0$11,183,873
95$26,687,374$0$0$12,219,639
96$29,155,346$0$0$13,357,746
97$31,867,045$0$0$14,608,529
98$34,847,081$0$0$15,983,373
99$38,122,562$0$0$17,494,821
100$41,723,356$0$0$19,156,693