Can I retire at age 42 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$58,631$58,109$57,599$57,102$56,616$54,521
2 years$29,025$28,485$27,961$27,453$26,960$24,873
3 years$19,158$18,615$18,093$17,589$17,105$15,091
4 years$14,225$13,684$13,167$12,672$12,199$10,274
5 years$11,266$10,728$10,218$9,733$9,274$7,443
6 years$9,295$8,761$8,258$7,784$7,338$5,602
7 years$7,887$7,357$6,862$6,400$5,968$4,327
8 years$6,831$6,306$5,820$5,368$4,951$3,403
9 years$6,011$5,491$5,012$4,573$4,169$2,713
10 years$5,355$4,840$4,370$3,942$3,552$2,185
11 years$4,818$4,309$3,847$3,430$3,055$1,773
12 years$4,372$3,867$3,414$3,009$2,648$1,448
13 years$3,994$3,495$3,050$2,656$2,309$1,188
14 years$3,670$3,177$2,741$2,358$2,024$979
15 years$3,390$2,902$2,475$2,103$1,782$809
16 years$3,146$2,663$2,244$1,883$1,575$671
17 years$2,930$2,452$2,042$1,692$1,396$557
18 years$2,738$2,266$1,864$1,525$1,242$463
19 years$2,567$2,100$1,706$1,378$1,107$386
20 years$2,413$1,951$1,566$1,248$989$322
21 years$2,274$1,818$1,440$1,132$885$269
22 years$2,148$1,697$1,327$1,030$793$224
23 years$2,033$1,587$1,226$938$712$188
24 years$1,927$1,487$1,133$855$640$157
25 years$1,830$1,395$1,050$781$576$131
26 years$1,741$1,311$974$714$519$110
27 years$1,659$1,234$904$654$468$92
28 years$1,582$1,163$841$599$422$77
29 years$1,511$1,097$782$549$381$65
30 years$1,445$1,036$729$504$344$54
31 years$1,383$979$679$463$311$45
32 years$1,326$927$634$425$281$38
33 years$1,272$878$592$391$255$32
34 years$1,221$832$553$360$231$27
35 years$1,173$789$517$331$209$22
36 years$1,128$749$484$305$189$19
37 years$1,085$711$453$281$172$16
38 years$1,045$676$424$259$156$13
39 years$1,007$643$397$239$141$11
40 years$971$612$372$220$128$9
41 years$936$582$349$203$116$8
42 years$904$554$327$188$105$7
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$5
45 years$816$480$271$148$79$4
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$3
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $710,000, adding $6,496 every year, while hoping to spend $32,607 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: 47/43/10 Blend
41$710,000$710,000$710,000$710,000
42$789,121$751,491$740,486$823,736
43$834,917$753,620$730,598$850,390
44$884,292$754,761$719,287$875,388
45$937,577$754,831$706,469$901,775
46$995,133$753,741$692,060$929,689
47$1,057,361$751,398$675,968$959,286
48$1,124,698$747,704$658,099$990,739
49$1,197,628$742,552$638,356$1,024,240
50$1,276,681$735,831$616,636$1,060,004
51$1,362,439$727,423$592,830$1,098,267
52$1,455,543$717,203$566,825$1,139,293
53$1,556,700$705,037$538,505$1,183,376
54$1,666,684$690,785$507,746$1,230,842
55$1,786,350$674,298$474,420$1,282,051
56$1,916,636$655,416$438,391$1,337,406
57$2,058,575$633,974$399,520$1,397,351
58$2,213,306$609,795$357,659$1,462,381
59$2,382,078$582,690$312,656$1,533,044
60$2,566,271$552,463$264,351$1,609,948
61$2,767,399$518,902$212,575$1,693,765
62$2,987,133$481,787$157,156$1,785,243
63$3,227,310$440,884$97,909$1,885,209
64$3,489,952$395,944$34,646$1,994,580
65$3,777,288$346,706$0$2,114,371
66$4,091,770$292,893$0$2,249,213
67$4,436,099$234,214$0$2,401,017
68$4,813,249$170,358$0$2,567,483
69$5,226,495$101,000$0$2,750,161
70$5,679,445$25,797$0$2,950,764
71$6,176,071$0$0$3,171,185
72$6,720,748$0$0$3,439,833
73$7,318,296$0$0$3,748,032
74$7,974,023$0$0$4,086,324
75$8,693,776$0$0$4,457,735
76$9,483,995$0$0$4,865,600
77$10,351,776$0$0$5,313,592
78$11,304,933$0$0$5,805,758
79$12,352,076$0$0$6,346,555
80$13,502,690$0$0$6,940,895
81$14,767,224$0$0$7,594,188
82$16,157,189$0$0$8,312,395
83$17,685,267$0$0$9,102,082
84$19,365,430$0$0$9,970,484
85$21,213,073$0$0$10,925,573
86$23,245,155$0$0$11,976,132
87$25,480,362$0$0$13,131,836
88$27,939,283$0$0$14,403,347
89$30,644,601$0$0$15,802,412
90$33,621,310$0$0$17,341,975
91$36,896,949$0$0$19,036,296
92$40,501,860$0$0$20,901,089
93$44,469,477$0$0$22,953,669
94$48,836,638$0$0$25,213,113
95$53,643,935$0$0$27,700,442
96$58,936,094$0$0$30,438,820
97$64,762,398$0$0$33,453,770
98$71,177,152$0$0$36,773,416
99$78,240,195$0$0$40,428,747
100$86,017,461$0$0$44,453,913