Can I retire at age 42 with 750,000?

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 $750,000?

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$61,934$61,383$60,844$60,319$59,806$57,592
2 years$30,661$30,090$29,536$29,000$28,479$26,274
3 years$20,237$19,664$19,112$18,580$18,068$15,941
4 years$15,027$14,455$13,909$13,386$12,886$10,853
5 years$11,901$11,333$10,794$10,282$9,796$7,862
6 years$9,818$9,254$8,723$8,222$7,751$5,918
7 years$8,331$7,772$7,249$6,760$6,304$4,571
8 years$7,216$6,662$6,147$5,671$5,230$3,595
9 years$6,349$5,800$5,295$4,830$4,404$2,866
10 years$5,656$5,113$4,616$4,164$3,753$2,308
11 years$5,090$4,551$4,064$3,624$3,227$1,873
12 years$4,618$4,085$3,607$3,179$2,797$1,530
13 years$4,219$3,692$3,222$2,806$2,439$1,255
14 years$3,877$3,356$2,895$2,491$2,138$1,034
15 years$3,581$3,066$2,614$2,222$1,882$855
16 years$3,323$2,813$2,370$1,989$1,664$708
17 years$3,095$2,590$2,157$1,787$1,475$588
18 years$2,892$2,394$1,969$1,611$1,312$489
19 years$2,712$2,218$1,802$1,455$1,169$408
20 years$2,549$2,061$1,654$1,318$1,044$340
21 years$2,402$1,920$1,521$1,196$934$284
22 years$2,269$1,792$1,402$1,088$838$237
23 years$2,147$1,676$1,295$991$752$198
24 years$2,036$1,571$1,197$903$676$166
25 years$1,934$1,474$1,109$825$608$139
26 years$1,839$1,385$1,029$754$548$116
27 years$1,752$1,304$955$691$494$97
28 years$1,672$1,228$888$633$446$81
29 years$1,597$1,159$826$580$402$68
30 years$1,527$1,094$770$532$364$57
31 years$1,461$1,035$717$489$329$48
32 years$1,400$979$669$449$297$40
33 years$1,343$927$625$413$269$34
34 years$1,289$879$584$380$244$28
35 years$1,239$833$546$350$221$24
36 years$1,191$791$511$322$200$20
37 years$1,146$751$478$297$181$17
38 years$1,104$714$448$274$164$14
39 years$1,063$679$419$252$149$12
40 years$1,025$646$393$233$135$10
41 years$989$615$369$215$123$8
42 years$955$586$346$198$111$7
43 years$922$558$324$183$101$6
44 years$891$532$305$169$92$5
45 years$861$507$286$156$83$4
46 years$833$484$269$144$76$3
47 years$806$462$252$133$69$3
48 years$780$441$237$123$62$2
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $750,000, adding $2,503 every year, while hoping to spend $31,235 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: 58/12/30 Blend
41$750,000$750,000$750,000$750,000
42$829,082$789,332$777,707$870,211
43$880,414$794,775$770,526$904,169
44$935,936$799,439$762,058$937,696
45$996,041$803,251$752,227$973,626
46$1,061,163$806,136$740,952$1,012,200
47$1,131,778$808,013$728,150$1,053,688
48$1,208,411$808,797$713,735$1,098,387
49$1,291,638$808,397$697,614$1,146,626
50$1,382,093$806,717$679,692$1,198,767
51$1,480,474$803,653$659,870$1,255,215
52$1,587,548$799,098$638,041$1,316,412
53$1,704,160$792,936$614,097$1,382,850
54$1,831,239$785,044$587,924$1,455,072
55$1,969,807$775,293$559,401$1,533,679
56$2,120,990$763,545$528,404$1,619,334
57$2,286,027$749,655$494,802$1,712,770
58$2,466,282$733,468$458,458$1,814,797
59$2,663,256$714,822$419,229$1,926,310
60$2,878,602$693,542$376,967$2,048,297
61$3,114,140$669,445$331,516$2,181,851
62$3,371,872$642,339$282,712$2,328,177
63$3,654,007$612,017$230,386$2,488,607
64$3,962,972$578,262$174,361$2,664,612
65$4,301,444$540,846$114,451$2,857,816
66$4,672,370$499,525$50,463$3,070,011
67$5,078,993$454,043$0$3,303,176
68$5,524,887$404,129$0$3,565,204
69$6,013,990$349,496$0$3,870,407
70$6,550,637$289,841$0$4,205,350
71$7,139,604$224,844$0$4,573,044
72$7,786,150$154,168$0$4,976,807
73$8,496,070$77,455$0$5,420,299
74$9,275,748$0$0$5,907,550
75$10,132,215$0$0$6,443,754
76$11,073,217$0$0$7,044,186
77$12,107,288$0$0$7,704,071
78$13,243,830$0$0$8,429,419
79$14,493,199$0$0$9,226,847
80$15,866,807$0$0$10,103,649
81$17,377,224$0$0$11,067,857
82$19,038,302$0$0$12,128,324
83$20,865,301$0$0$13,294,803
84$22,875,035$0$0$14,578,038
85$25,086,027$0$0$15,989,869
86$27,518,690$0$0$17,543,340
87$30,195,512$0$0$19,252,824
88$33,141,272$0$0$21,134,157
89$36,383,272$0$0$23,204,789
90$39,951,597$0$0$25,483,946
91$43,879,394$0$0$27,992,814
92$48,203,187$0$0$30,754,735
93$52,963,222$0$0$33,795,433
94$58,203,844$0$0$37,143,248
95$63,973,919$0$0$40,829,412
96$70,327,291$0$0$44,888,338
97$77,323,289$0$0$49,357,945
98$85,027,291$0$0$54,280,019
99$93,511,337$0$0$59,700,603
100$102,854,812$0$0$65,670,432