Can I retire at age 42 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$60,283$59,746$59,222$58,711$58,211$57,341
2 years$29,843$29,287$28,748$28,226$27,720$26,845
3 years$19,698$19,139$18,602$18,085$17,586$16,735
4 years$14,626$14,070$13,538$13,029$12,543$11,720
5 years$11,584$11,031$10,506$10,008$9,535$8,744
6 years$9,556$9,007$8,490$8,003$7,545$6,786
7 years$8,109$7,564$7,055$6,580$6,136$5,410
8 years$7,024$6,484$5,984$5,520$5,090$4,397
9 years$6,180$5,646$5,154$4,702$4,287$3,626
10 years$5,505$4,976$4,493$4,053$3,652$3,024
11 years$4,954$4,430$3,956$3,527$3,141$2,544
12 years$4,495$3,976$3,510$3,094$2,722$2,155
13 years$4,106$3,593$3,136$2,731$2,374$1,836
14 years$3,774$3,266$2,818$2,425$2,081$1,572
15 years$3,486$2,984$2,544$2,162$1,832$1,351
16 years$3,234$2,738$2,307$1,936$1,619$1,165
17 years$3,012$2,521$2,099$1,740$1,436$1,008
18 years$2,815$2,330$1,916$1,568$1,277$874
19 years$2,639$2,159$1,754$1,417$1,138$759
20 years$2,481$2,006$1,610$1,283$1,016$660
21 years$2,338$1,869$1,481$1,164$910$575
22 years$2,208$1,745$1,365$1,059$815$502
23 years$2,090$1,632$1,260$964$732$439
24 years$1,982$1,529$1,165$879$658$384
25 years$1,882$1,435$1,079$803$592$336
26 years$1,790$1,348$1,001$734$533$294
27 years$1,706$1,269$930$672$481$258
28 years$1,627$1,196$864$616$434$226
29 years$1,554$1,128$804$565$392$198
30 years$1,486$1,065$749$518$354$174
31 years$1,422$1,007$698$476$320$153
32 years$1,363$953$652$437$289$134
33 years$1,307$902$608$402$262$118
34 years$1,255$855$568$370$237$103
35 years$1,206$811$531$341$215$91
36 years$1,159$770$497$314$195$80
37 years$1,116$731$465$289$176$70
38 years$1,074$695$436$266$160$62
39 years$1,035$661$408$246$145$54
40 years$998$629$383$227$132$48
41 years$963$598$359$209$119$42
42 years$929$570$337$193$108$37
43 years$898$543$316$178$98$33
44 years$867$518$296$164$89$29
45 years$839$494$278$152$81$25
46 years$811$471$261$140$74$22
47 years$785$449$246$130$67$20
48 years$760$429$231$120$61$17
49 years$736$410$217$111$55$15
50 years$713$391$204$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $730,000, adding $5,974 every year, while hoping to spend $20,199 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: 73/15/12 Blend
41$730,000$730,000$730,000$730,000
42$810,622$771,932$760,617$867,379
43$871,814$788,265$764,606$922,044
44$938,571$804,722$768,052$978,822
45$1,011,438$821,286$770,915$1,040,462
46$1,091,017$837,942$773,153$1,107,441
47$1,177,971$854,671$774,724$1,180,282
48$1,273,027$871,453$775,580$1,259,564
49$1,376,989$888,267$775,675$1,345,923
50$1,490,739$905,090$774,958$1,440,058
51$1,615,251$921,896$773,375$1,542,743
52$1,751,595$938,657$770,872$1,654,828
53$1,900,952$955,345$767,390$1,777,250
54$2,064,620$971,928$762,868$1,911,042
55$2,244,029$988,370$757,243$2,057,341
56$2,440,756$1,004,637$750,446$2,217,401
57$2,656,536$1,020,687$742,409$2,392,603
58$2,893,281$1,036,478$733,058$2,584,470
59$3,153,095$1,051,966$722,315$2,794,677
60$3,438,299$1,067,100$710,101$3,025,074
61$3,751,446$1,081,829$696,330$3,277,697
62$4,095,352$1,096,096$680,915$3,554,790
63$4,473,115$1,109,843$663,763$3,858,826
64$4,888,152$1,123,004$644,778$4,192,530
65$5,344,223$1,135,511$623,858$4,558,907
66$5,845,475$1,147,292$600,898$4,961,265
67$6,396,472$1,158,268$575,787$5,403,252
68$7,002,247$1,168,358$548,410$5,888,888
69$7,668,340$1,177,471$518,646$6,422,602
70$8,400,859$1,185,515$486,369$7,009,277
71$9,206,530$1,192,389$451,446$7,654,292
72$10,092,767$1,197,987$413,740$8,363,577
73$11,067,736$1,202,195$373,107$9,143,666
74$12,140,434$1,204,892$329,396$10,001,760
75$13,320,778$1,205,951$282,450$10,945,795
76$14,619,690$1,205,236$232,105$11,984,519
77$16,049,208$1,202,601$178,189$13,127,569
78$17,622,592$1,197,894$120,524$14,385,568
79$19,354,458$1,190,952$58,923$15,770,225
80$21,260,906$1,181,602$0$17,294,441
81$23,359,680$1,169,662$0$18,973,307
82$25,670,328$1,154,936$0$20,829,730
83$28,214,393$1,137,220$0$22,873,454
84$31,015,612$1,116,294$0$25,123,541
85$34,100,141$1,091,929$0$27,600,995
86$37,496,801$1,063,880$0$30,328,964
87$41,237,352$1,031,887$0$33,332,955
88$45,356,789$995,676$0$36,641,078
89$49,893,675$954,958$0$40,284,310
90$54,890,504$909,426$0$44,296,787
91$60,394,102$858,754$0$48,716,127
92$66,456,067$802,599$0$53,583,785
93$73,133,257$740,598$0$58,945,444
94$80,488,330$672,368$0$64,851,447
95$88,590,327$597,501$0$71,357,274
96$97,515,332$515,570$0$78,524,062
97$107,347,184$426,122$0$86,419,185
98$118,178,272$328,677$0$95,116,891
99$130,110,404$222,730$0$104,699,001
100$143,255,768$107,747$0$115,255,681