Can I retire at age 42 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$55,741$55,244$54,760$54,287$53,825$52,186
2 years$27,594$27,081$26,582$26,100$25,631$23,994
3 years$18,214$17,697$17,201$16,722$16,261$14,677
4 years$13,524$13,009$12,518$12,047$11,598$10,079
5 years$10,711$10,200$9,714$9,254$8,816$7,367
6 years$8,836$8,329$7,851$7,400$6,976$5,597
7 years$7,498$6,994$6,524$6,084$5,673$4,365
8 years$6,494$5,996$5,533$5,104$4,707$3,468
9 years$5,714$5,220$4,765$4,347$3,964$2,794
10 years$5,091$4,601$4,155$3,747$3,377$2,274
11 years$4,581$4,096$3,658$3,261$2,905$1,866
12 years$4,156$3,677$3,246$2,861$2,517$1,541
13 years$3,797$3,323$2,900$2,526$2,195$1,280
14 years$3,489$3,020$2,606$2,242$1,924$1,067
15 years$3,223$2,759$2,353$1,999$1,694$892
16 years$2,991$2,531$2,133$1,790$1,497$749
17 years$2,785$2,331$1,941$1,608$1,328$629
18 years$2,603$2,154$1,772$1,450$1,180$530
19 years$2,440$1,996$1,622$1,310$1,052$447
20 years$2,294$1,855$1,489$1,186$940$378
21 years$2,162$1,728$1,369$1,077$841$320
22 years$2,042$1,613$1,262$979$754$271
23 years$1,932$1,509$1,165$892$677$229
24 years$1,832$1,414$1,078$813$608$194
25 years$1,740$1,327$998$743$547$165
26 years$1,655$1,247$926$679$493$140
27 years$1,577$1,173$860$621$444$119
28 years$1,504$1,106$799$569$401$101
29 years$1,437$1,043$744$522$362$86
30 years$1,374$985$693$479$327$73
31 years$1,315$931$646$440$296$62
32 years$1,260$881$602$404$268$53
33 years$1,209$834$563$372$242$45
34 years$1,160$791$526$342$219$38
35 years$1,115$750$491$315$199$32
36 years$1,072$712$460$290$180$28
37 years$1,032$676$430$267$163$23
38 years$993$643$403$246$148$20
39 years$957$611$378$227$134$17
40 years$923$581$354$210$122$14
41 years$890$553$332$193$110$12
42 years$859$527$311$178$100$10
43 years$830$502$292$165$91$9
44 years$802$479$274$152$82$8
45 years$775$456$257$140$75$6
46 years$750$435$242$130$68$5
47 years$726$416$227$120$62$5
48 years$702$397$213$111$56$4
49 years$680$379$201$102$51$3
50 years$659$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $675,000, adding $3,514 every year, while hoping to spend $38,442 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: 27/47/26 Blend
41$675,000$675,000$675,000$675,000
42$747,475$711,700$701,237$761,507
43$782,815$705,671$683,827$767,012
44$820,472$698,058$664,544$769,358
45$860,641$688,744$643,287$771,084
46$903,536$677,602$619,947$772,163
47$949,392$664,500$594,411$772,570
48$998,467$649,298$566,561$772,279
49$1,051,043$631,846$536,273$771,269
50$1,107,430$611,987$503,419$769,519
51$1,167,968$589,554$467,864$767,012
52$1,233,029$564,371$429,466$763,735
53$1,303,024$536,251$388,078$759,676
54$1,378,401$504,996$343,547$754,832
55$1,459,654$470,397$295,712$749,204
56$1,547,325$432,233$244,405$742,798
57$1,642,011$390,271$189,452$735,630
58$1,744,366$344,264$130,668$727,724
59$1,855,110$293,951$67,863$719,114
60$1,975,033$239,056$839$709,847
61$2,105,005$179,289$0$699,981
62$2,245,983$114,342$0$709,202
63$2,399,018$43,889$0$719,514
64$2,565,267$0$0$730,860
65$2,746,002$0$0$760,201
66$2,942,623$0$0$816,913
67$3,156,670$0$0$878,753
68$3,389,837$0$0$946,225
69$3,643,990$0$0$1,019,880
70$3,921,181$0$0$1,100,329
71$4,223,669$0$0$1,188,240
72$4,553,940$0$0$1,284,352
73$4,914,732$0$0$1,389,477
74$5,309,058$0$0$1,504,510
75$5,740,235$0$0$1,630,435
76$6,211,916$0$0$1,768,338
77$6,728,123$0$0$1,919,411
78$7,293,285$0$0$2,084,972
79$7,912,279$0$0$2,266,467
80$8,590,475$0$0$2,465,493
81$9,333,788$0$0$2,683,808
82$10,148,732$0$0$2,923,345
83$11,042,482$0$0$3,186,238
84$12,022,939$0$0$3,474,834
85$13,098,809$0$0$3,791,720
86$14,279,676$0$0$4,139,746
87$15,576,104$0$0$4,522,050
88$16,999,723$0$0$4,942,091
89$18,563,350$0$0$5,403,679
90$20,281,101$0$0$5,911,009
91$22,168,528$0$0$6,468,706
92$24,242,763$0$0$7,081,863
93$26,522,681$0$0$7,756,093
94$29,029,075$0$0$8,497,579
95$31,784,857$0$0$9,313,132
96$34,815,264$0$0$10,210,260
97$38,148,107$0$0$11,197,230
98$41,814,022$0$0$12,283,156
99$45,846,767$0$0$13,478,076
100$50,283,535$0$0$14,793,052