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%18.6%
1 years$61,934$61,383$60,844$60,319$59,806$57,730
2 years$30,661$30,090$29,536$29,000$28,479$26,409
3 years$20,237$19,664$19,112$18,580$18,068$16,069
4 years$15,027$14,455$13,909$13,386$12,886$10,974
5 years$11,901$11,333$10,794$10,282$9,796$7,974
6 years$9,818$9,254$8,723$8,222$7,751$6,022
7 years$8,331$7,772$7,249$6,760$6,304$4,667
8 years$7,216$6,662$6,147$5,671$5,230$3,684
9 years$6,349$5,800$5,295$4,830$4,404$2,948
10 years$5,656$5,113$4,616$4,164$3,753$2,383
11 years$5,090$4,551$4,064$3,624$3,227$1,942
12 years$4,618$4,085$3,607$3,179$2,797$1,592
13 years$4,219$3,692$3,222$2,806$2,439$1,312
14 years$3,877$3,356$2,895$2,491$2,138$1,085
15 years$3,581$3,066$2,614$2,222$1,882$901
16 years$3,323$2,813$2,370$1,989$1,664$750
17 years$3,095$2,590$2,157$1,787$1,475$625
18 years$2,892$2,394$1,969$1,611$1,312$522
19 years$2,712$2,218$1,802$1,455$1,169$437
20 years$2,549$2,061$1,654$1,318$1,044$366
21 years$2,402$1,920$1,521$1,196$934$307
22 years$2,269$1,792$1,402$1,088$838$258
23 years$2,147$1,676$1,295$991$752$217
24 years$2,036$1,571$1,197$903$676$182
25 years$1,934$1,474$1,109$825$608$153
26 years$1,839$1,385$1,029$754$548$129
27 years$1,752$1,304$955$691$494$108
28 years$1,672$1,228$888$633$446$91
29 years$1,597$1,159$826$580$402$77
30 years$1,527$1,094$770$532$364$65
31 years$1,461$1,035$717$489$329$55
32 years$1,400$979$669$449$297$46
33 years$1,343$927$625$413$269$39
34 years$1,289$879$584$380$244$33
35 years$1,239$833$546$350$221$27
36 years$1,191$791$511$322$200$23
37 years$1,146$751$478$297$181$20
38 years$1,104$714$448$274$164$16
39 years$1,063$679$419$252$149$14
40 years$1,025$646$393$233$135$12
41 years$989$615$369$215$123$10
42 years$955$586$346$198$111$8
43 years$922$558$324$183$101$7
44 years$891$532$305$169$92$6
45 years$861$507$286$156$83$5
46 years$833$484$269$144$76$4
47 years$806$462$252$133$69$4
48 years$780$441$237$123$62$3
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $750,000, adding $4,882 every year, while hoping to spend $37,512 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: 40/32/28 Blend
41$750,000$750,000$750,000$750,000
42$831,536$791,786$780,161$857,759
43$876,440$790,671$766,384$876,152
44$924,667$788,244$750,888$892,194
45$976,517$784,401$733,576$908,835
46$1,032,317$779,033$714,347$926,154
47$1,092,429$772,021$693,093$944,238
48$1,157,250$763,243$669,704$963,190
49$1,227,214$752,566$644,064$983,123
50$1,302,799$739,852$616,050$1,004,166
51$1,384,533$724,953$585,536$1,026,466
52$1,472,992$707,712$552,388$1,050,185
53$1,568,812$687,965$516,468$1,075,508
54$1,672,691$665,535$477,630$1,102,643
55$1,785,397$640,239$435,722$1,131,822
56$1,907,776$611,878$390,586$1,163,305
57$2,040,755$580,246$342,057$1,197,384
58$2,185,357$545,124$289,962$1,234,387
59$2,342,707$506,278$234,119$1,274,680
60$2,514,042$463,464$174,340$1,318,669
61$2,700,722$416,422$110,429$1,366,813
62$2,904,247$364,878$42,179$1,419,619
63$3,126,265$308,542$0$1,477,655
64$3,368,591$247,107$0$1,550,713
65$3,633,223$180,251$0$1,644,381
66$3,922,360$107,631$0$1,746,900
67$4,238,423$28,888$0$1,859,214
68$4,584,078$0$0$1,982,371
69$4,962,260$0$0$2,137,375
70$5,376,200$0$0$2,318,265
71$5,829,458$0$0$2,516,437
72$6,325,952$0$0$2,733,616
73$6,869,998$0$0$2,971,703
74$7,466,349$0$0$3,232,792
75$8,120,239$0$0$3,519,188
76$8,837,434$0$0$3,833,431
77$9,624,285$0$0$4,178,318
78$10,487,785$0$0$4,556,931
79$11,435,640$0$0$4,972,664
80$12,476,336$0$0$5,429,256
81$13,619,223$0$0$5,930,825
82$14,874,598$0$0$6,481,910
83$16,253,807$0$0$7,087,509
84$17,769,349$0$0$7,753,129
85$19,434,992$0$0$8,484,837
86$21,265,906$0$0$9,289,317
87$23,278,802$0$0$10,173,934
88$25,492,092$0$0$11,146,800
89$27,926,061$0$0$12,216,855
90$30,603,059$0$0$13,393,948
91$33,547,711$0$0$14,688,930
92$36,787,145$0$0$16,113,758
93$40,351,255$0$0$17,681,604
94$44,272,977$0$0$19,406,984
95$48,588,600$0$0$21,305,891
96$53,338,110$0$0$23,395,948
97$58,565,564$0$0$25,696,572
98$64,319,507$0$0$28,229,158
99$70,653,431$0$0$31,017,281
100$77,626,276$0$0$34,086,918