Can I retire at age 42 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$51,199$50,743$50,298$49,864$49,440$48,944
2 years$25,346$24,874$24,417$23,973$23,543$23,043
3 years$16,730$16,255$15,799$15,360$14,936$14,449
4 years$12,422$11,949$11,498$11,066$10,653$10,181
5 years$9,838$9,369$8,923$8,500$8,098$7,643
6 years$8,116$7,650$7,211$6,797$6,408$5,971
7 years$6,887$6,425$5,992$5,588$5,211$4,792
8 years$5,965$5,507$5,082$4,688$4,323$3,922
9 years$5,249$4,795$4,377$3,993$3,641$3,257
10 years$4,676$4,226$3,816$3,442$3,102$2,736
11 years$4,207$3,763$3,360$2,996$2,668$2,318
12 years$3,817$3,377$2,982$2,628$2,312$1,979
13 years$3,488$3,052$2,664$2,320$2,016$1,700
14 years$3,205$2,774$2,393$2,059$1,767$1,467
15 years$2,961$2,534$2,161$1,836$1,556$1,271
16 years$2,747$2,325$1,959$1,644$1,375$1,105
17 years$2,558$2,141$1,783$1,477$1,219$964
18 years$2,391$1,979$1,627$1,331$1,084$843
19 years$2,242$1,834$1,490$1,203$966$739
20 years$2,107$1,704$1,367$1,090$863$648
21 years$1,986$1,587$1,258$989$772$570
22 years$1,875$1,482$1,159$899$692$502
23 years$1,775$1,386$1,070$819$622$443
24 years$1,683$1,298$990$747$559$391
25 years$1,598$1,218$917$682$503$345
26 years$1,521$1,145$850$624$453$305
27 years$1,449$1,078$790$571$408$270
28 years$1,382$1,016$734$523$368$239
29 years$1,320$958$683$480$333$212
30 years$1,262$905$636$440$301$188
31 years$1,208$855$593$404$272$166
32 years$1,158$809$553$372$246$148
33 years$1,110$766$517$342$222$131
34 years$1,066$726$483$314$201$116
35 years$1,024$689$451$289$182$103
36 years$985$654$422$267$165$92
37 years$948$621$395$246$150$81
38 years$912$590$370$226$136$72
39 years$879$561$347$209$123$64
40 years$848$534$325$192$112$57
41 years$818$508$305$178$101$51
42 years$789$484$286$164$92$45
43 years$762$461$268$151$83$40
44 years$737$440$252$140$76$36
45 years$712$419$236$129$69$32
46 years$689$400$222$119$62$28
47 years$667$382$209$110$57$25
48 years$645$364$196$102$51$22
49 years$625$348$184$94$47$20
50 years$605$332$173$87$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $620,000, adding $6,880 every year, while hoping to spend $45,529 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: 74/16/10 Blend
41$620,000$620,000$620,000$620,000
42$690,337$657,477$647,867$739,649
43$712,309$641,251$621,128$756,893
44$734,996$622,703$591,967$769,399
45$758,423$601,673$560,256$781,833
46$782,616$577,989$525,858$794,173
47$807,602$551,470$488,634$806,395
48$833,409$521,924$448,435$818,477
49$860,067$489,148$405,107$830,391
50$887,605$452,928$358,490$842,110
51$916,057$413,037$308,415$853,606
52$945,455$369,237$254,707$864,846
53$975,834$321,272$197,183$875,800
54$1,007,231$268,877$135,651$886,430
55$1,039,685$211,767$69,911$896,702
56$1,073,235$149,646$0$906,576
57$1,107,923$82,197$0$916,037
58$1,143,794$9,087$0$932,979
59$1,180,893$0$0$949,913
60$1,219,271$0$0$979,147
61$1,258,977$0$0$1,011,050
62$1,300,067$0$0$1,044,066
63$1,342,598$0$0$1,078,241
64$1,386,629$0$0$1,113,624
65$1,432,225$0$0$1,150,266
66$1,479,452$0$0$1,188,222
67$1,528,382$0$0$1,227,549
68$1,579,091$0$0$1,268,308
69$1,631,659$0$0$1,310,565
70$1,686,172$0$0$1,354,388
71$1,742,719$0$0$1,399,851
72$1,801,397$0$0$1,447,031
73$1,862,310$0$0$1,496,012
74$1,925,567$0$0$1,546,883
75$1,991,285$0$0$1,599,738
76$2,059,589$0$0$1,654,679
77$2,130,615$0$0$1,711,815
78$2,204,504$0$0$1,771,263
79$2,281,412$0$0$1,833,146
80$2,361,504$0$0$1,897,600
81$2,444,959$0$0$1,964,768
82$2,531,967$0$0$2,034,806
83$2,622,734$0$0$2,107,882
84$2,717,485$0$0$2,184,175
85$2,816,457$0$0$2,263,881
86$2,919,911$0$0$2,347,210
87$3,028,127$0$0$2,434,389
88$3,141,408$0$0$2,525,666
89$3,260,083$0$0$2,621,306
90$3,384,507$0$0$2,721,599
91$3,515,068$0$0$2,826,858
92$3,652,184$0$0$2,937,426
93$3,796,310$0$0$3,053,672
94$3,947,944$0$0$3,175,998
95$4,107,623$0$0$3,304,844
96$4,275,934$0$0$3,440,686
97$4,453,517$0$0$3,584,044
98$4,641,069$0$0$3,735,486
99$4,839,349$0$0$3,895,630
100$5,049,189$0$0$4,065,151