Can I retire at age 42 with 510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$42,115$41,740$41,374$41,017$40,668$39,962
2 years$20,849$20,461$20,085$19,720$19,366$18,656
3 years$13,761$13,371$12,996$12,635$12,286$11,596
4 years$10,218$9,829$9,458$9,103$8,763$8,097
5 years$8,093$7,706$7,340$6,992$6,661$6,022
6 years$6,676$6,293$5,932$5,591$5,271$4,658
7 years$5,665$5,285$4,929$4,597$4,287$3,701
8 years$4,907$4,530$4,180$3,856$3,556$2,998
9 years$4,317$3,944$3,600$3,285$2,995$2,463
10 years$3,846$3,477$3,139$2,831$2,552$2,047
11 years$3,461$3,095$2,764$2,464$2,195$1,715
12 years$3,140$2,778$2,453$2,161$1,902$1,447
13 years$2,869$2,510$2,191$1,908$1,658$1,229
14 years$2,637$2,282$1,969$1,694$1,454$1,048
15 years$2,435$2,085$1,778$1,511$1,280$897
16 years$2,259$1,913$1,612$1,353$1,131$770
17 years$2,104$1,761$1,466$1,215$1,003$663
18 years$1,967$1,628$1,339$1,095$892$572
19 years$1,844$1,508$1,226$990$795$495
20 years$1,733$1,402$1,125$896$710$429
21 years$1,633$1,306$1,035$813$635$372
22 years$1,543$1,219$953$740$570$323
23 years$1,460$1,140$880$674$511$281
24 years$1,384$1,068$814$614$460$244
25 years$1,315$1,002$754$561$414$213
26 years$1,251$942$699$513$372$186
27 years$1,192$887$649$470$336$162
28 years$1,137$835$604$430$303$141
29 years$1,086$788$562$395$274$123
30 years$1,038$744$523$362$247$108
31 years$994$704$488$333$224$94
32 years$952$666$455$306$202$82
33 years$913$630$425$281$183$72
34 years$877$598$397$259$166$63
35 years$842$567$371$238$150$55
36 years$810$538$347$219$136$48
37 years$779$511$325$202$123$42
38 years$751$486$304$186$112$37
39 years$723$462$285$172$101$32
40 years$697$439$267$158$92$28
41 years$673$418$251$146$83$25
42 years$649$398$235$135$76$22
43 years$627$379$221$124$69$19
44 years$606$362$207$115$62$17
45 years$586$345$194$106$57$14
46 years$567$329$183$98$51$13
47 years$548$314$172$91$47$11
48 years$531$300$161$84$42$10
49 years$514$286$152$77$38$8
50 years$498$273$143$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $510,000, adding $4,541 every year, while hoping to spend $25,228 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: 39/42/19 Blend
41$510,000$510,000$510,000$510,000
42$566,704$539,674$531,769$585,436
43$597,665$539,276$522,741$598,898
44$630,939$538,012$512,565$610,700
45$666,735$535,815$501,176$622,938
46$705,282$532,610$488,505$635,665
47$746,833$528,320$474,482$648,941
48$791,665$522,863$459,033$662,834
49$840,083$516,151$442,078$677,423
50$892,421$508,091$423,537$692,793
51$949,046$498,587$403,324$709,043
52$1,010,364$487,532$381,350$726,283
53$1,076,819$474,819$357,523$744,638
54$1,148,898$460,329$331,744$764,247
55$1,227,141$443,940$303,913$785,268
56$1,312,137$425,521$273,922$807,876
57$1,404,538$404,935$241,661$832,267
58$1,505,059$382,034$207,014$858,663
59$1,614,486$356,665$169,860$887,310
60$1,733,686$328,664$130,073$918,482
61$1,863,611$297,858$87,520$952,489
62$2,005,312$264,065$42,064$989,673
63$2,159,942$227,092$0$1,030,418
64$2,328,771$186,736$0$1,076,457
65$2,513,200$142,779$0$1,136,144
66$2,714,767$94,997$0$1,201,505
67$2,935,169$43,147$0$1,273,161
68$3,176,272$0$0$1,351,804
69$3,440,131$0$0$1,444,218
70$3,729,011$0$0$1,567,293
71$4,045,402$0$0$1,702,157
72$4,392,051$0$0$1,849,991
73$4,771,979$0$0$2,012,091
74$5,188,516$0$0$2,189,888
75$5,645,328$0$0$2,384,956
76$6,146,454$0$0$2,599,029
77$6,696,342$0$0$2,834,018
78$7,299,891$0$0$3,092,028
79$7,962,499$0$0$3,375,376
80$8,690,110$0$0$3,686,616
81$9,489,274$0$0$4,028,562
82$10,367,205$0$0$4,404,312
83$11,331,851$0$0$4,817,281
84$12,391,968$0$0$5,271,231
85$13,557,200$0$0$5,770,305
86$14,838,176$0$0$6,319,069
87$16,246,602$0$0$6,922,553
88$17,795,379$0$0$7,586,299
89$19,498,717$0$0$8,316,413
90$21,372,274$0$0$9,119,623
91$23,433,301$0$0$10,003,340
92$25,700,807$0$0$10,975,732
93$28,195,733$0$0$12,045,797
94$30,941,155$0$0$13,223,452
95$33,962,498$0$0$14,519,620
96$37,287,777$0$0$15,946,339
97$40,947,858$0$0$17,516,874
98$44,976,755$0$0$19,245,840
99$49,411,945$0$0$21,149,341
100$54,294,721$0$0$23,245,123