Can I retire at age 42 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$54,502$54,017$53,543$53,081$52,629$51,420
2 years$26,981$26,479$25,992$25,520$25,062$23,850
3 years$17,809$17,304$16,818$16,351$15,900$14,724
4 years$13,224$12,720$12,239$11,780$11,340$10,208
5 years$10,473$9,973$9,498$9,048$8,621$7,536
6 years$8,640$8,144$7,676$7,236$6,821$5,786
7 years$7,331$6,839$6,379$5,949$5,547$4,561
8 years$6,350$5,862$5,410$4,990$4,602$3,664
9 years$5,587$5,104$4,659$4,251$3,876$2,986
10 years$4,977$4,499$4,062$3,664$3,302$2,459
11 years$4,479$4,005$3,576$3,189$2,840$2,043
12 years$4,064$3,595$3,174$2,797$2,461$1,709
13 years$3,713$3,249$2,836$2,469$2,146$1,437
14 years$3,412$2,953$2,548$2,192$1,881$1,213
15 years$3,152$2,698$2,300$1,955$1,656$1,029
16 years$2,924$2,475$2,086$1,750$1,464$875
17 years$2,723$2,279$1,898$1,573$1,298$746
18 years$2,545$2,106$1,732$1,417$1,154$637
19 years$2,386$1,952$1,586$1,281$1,029$545
20 years$2,243$1,814$1,456$1,160$919$467
21 years$2,114$1,690$1,339$1,053$822$401
22 years$1,996$1,577$1,234$957$737$345
23 years$1,889$1,475$1,139$872$662$296
24 years$1,792$1,382$1,054$795$595$255
25 years$1,702$1,297$976$726$535$220
26 years$1,619$1,219$905$664$482$189
27 years$1,542$1,147$840$608$435$163
28 years$1,471$1,081$781$557$392$141
29 years$1,405$1,020$727$511$354$122
30 years$1,343$963$677$469$320$105
31 years$1,286$910$631$430$289$91
32 years$1,232$861$589$395$262$78
33 years$1,182$816$550$364$237$68
34 years$1,135$773$514$335$214$58
35 years$1,090$733$480$308$194$51
36 years$1,048$696$449$284$176$44
37 years$1,009$661$421$261$159$38
38 years$971$628$394$241$145$33
39 years$936$597$369$222$131$28
40 years$902$568$346$205$119$24
41 years$871$541$324$189$108$21
42 years$840$515$304$174$98$18
43 years$812$491$286$161$89$16
44 years$784$468$268$149$81$14
45 years$758$446$252$137$73$12
46 years$733$426$236$127$66$10
47 years$710$406$222$117$60$9
48 years$687$388$209$108$55$8
49 years$665$370$196$100$50$7
50 years$644$354$184$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $660,000, adding $4,851 every year, while hoping to spend $47,573 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: 36/44/20 Blend
41$660,000$660,000$660,000$660,000
42$732,324$697,344$687,114$754,095
43$756,404$680,896$659,515$753,966
44$781,345$662,049$629,397$749,039
45$807,186$640,632$596,625$742,739
46$833,966$616,471$561,059$734,970
47$861,727$589,375$522,552$725,631
48$890,516$559,146$480,950$714,618
49$920,379$525,575$436,092$701,819
50$951,367$488,438$387,810$687,117
51$983,535$447,500$335,931$670,388
52$1,016,941$402,512$280,270$651,504
53$1,051,646$353,213$220,636$630,329
54$1,087,717$299,324$156,831$606,718
55$1,125,225$240,551$88,645$580,523
56$1,164,245$176,585$15,862$551,585
57$1,204,859$107,099$0$519,739
58$1,247,154$31,746$0$498,001
59$1,291,225$0$0$477,469
60$1,337,171$0$0$478,746
61$1,385,103$0$0$496,132
62$1,435,137$0$0$514,301
63$1,487,401$0$0$533,301
64$1,542,031$0$0$553,185
65$1,599,175$0$0$574,010
66$1,658,993$0$0$595,838
67$1,721,658$0$0$618,736
68$1,787,359$0$0$642,776
69$1,856,299$0$0$668,037
70$1,928,701$0$0$694,606
71$2,004,803$0$0$722,575
72$2,084,868$0$0$752,046
73$2,169,180$0$0$783,130
74$2,258,050$0$0$815,947
75$2,351,814$0$0$850,629
76$2,450,840$0$0$887,320
77$2,555,530$0$0$926,176
78$2,666,322$0$0$967,368
79$2,783,693$0$0$1,011,083
80$2,908,166$0$0$1,057,527
81$3,040,313$0$0$1,106,922
82$3,180,757$0$0$1,159,513
83$3,330,182$0$0$1,215,569
84$3,489,336$0$0$1,275,382
85$3,659,037$0$0$1,339,275
86$3,840,181$0$0$1,407,600
87$4,033,752$0$0$1,480,743
88$4,240,826$0$0$1,559,129
89$4,462,584$0$0$1,643,221
90$4,700,320$0$0$1,733,530
91$4,955,457$0$0$1,830,615
92$5,229,552$0$0$1,935,092
93$5,524,316$0$0$2,047,634
94$5,841,629$0$0$2,168,984
95$6,183,554$0$0$2,299,954
96$6,552,357$0$0$2,441,440
97$6,950,527$0$0$2,594,425
98$7,380,801$0$0$2,759,989
99$7,846,183$0$0$2,939,319
100$8,349,980$0$0$3,133,723