Can I retire at age 42 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$42,941$42,559$42,185$41,821$41,466$40,251
2 years$21,258$20,862$20,478$20,106$19,745$18,532
3 years$14,031$13,634$13,251$12,882$12,527$11,352
4 years$10,419$10,022$9,643$9,281$8,935$7,808
5 years$8,251$7,857$7,484$7,129$6,792$5,716
6 years$6,807$6,416$6,048$5,701$5,374$4,350
7 years$5,776$5,388$5,026$4,687$4,371$3,398
8 years$5,003$4,619$4,262$3,932$3,626$2,705
9 years$4,402$4,021$3,671$3,349$3,054$2,183
10 years$3,922$3,545$3,201$2,887$2,602$1,780
11 years$3,529$3,156$2,818$2,512$2,238$1,463
12 years$3,202$2,832$2,501$2,204$1,939$1,211
13 years$2,925$2,560$2,234$1,946$1,691$1,008
14 years$2,688$2,327$2,007$1,727$1,482$842
15 years$2,483$2,125$1,812$1,540$1,305$706
16 years$2,304$1,950$1,643$1,379$1,153$593
17 years$2,146$1,796$1,495$1,239$1,023$500
18 years$2,005$1,660$1,365$1,117$909$422
19 years$1,880$1,538$1,250$1,009$811$357
20 years$1,767$1,429$1,147$914$724$302
21 years$1,665$1,331$1,055$829$648$256
22 years$1,573$1,243$972$754$581$217
23 years$1,489$1,162$898$687$521$185
24 years$1,412$1,089$830$626$469$157
25 years$1,341$1,022$769$572$422$133
26 years$1,275$960$713$523$380$114
27 years$1,215$904$662$479$342$97
28 years$1,159$852$616$439$309$82
29 years$1,107$804$573$402$279$70
30 years$1,058$759$534$369$252$60
31 years$1,013$717$497$339$228$51
32 years$971$679$464$312$206$43
33 years$931$643$433$287$187$37
34 years$894$609$405$264$169$32
35 years$859$578$379$243$153$27
36 years$826$548$354$224$139$23
37 years$795$521$331$206$126$20
38 years$765$495$310$190$114$17
39 years$737$471$291$175$103$14
40 years$711$448$273$161$94$12
41 years$686$426$256$149$85$10
42 years$662$406$240$137$77$9
43 years$639$387$225$127$70$8
44 years$618$369$211$117$64$6
45 years$597$352$198$108$58$5
46 years$578$335$186$100$52$5
47 years$559$320$175$92$48$4
48 years$541$306$164$85$43$3
49 years$524$292$155$79$39$3
50 years$508$279$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $520,000, adding $5,473 every year, while hoping to spend $29,340 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: 65/23/12 Blend
41$520,000$520,000$520,000$520,000
42$578,685$551,125$543,065$614,373
43$606,494$546,913$530,041$634,668
44$636,155$541,511$515,596$652,900
45$667,828$534,830$499,653$672,080
46$701,685$526,775$482,130$692,301
47$737,916$517,246$462,941$713,663
48$776,729$506,137$441,995$736,278
49$818,354$493,336$419,200$760,271
50$863,039$478,722$394,456$785,781
51$911,060$462,171$367,662$812,962
52$962,720$443,549$338,710$841,985
53$1,018,348$422,714$307,488$873,039
54$1,078,310$399,517$273,879$906,334
55$1,143,005$373,801$237,761$942,104
56$1,212,872$345,398$199,007$980,607
57$1,288,394$314,131$157,482$1,022,130
58$1,370,101$279,814$113,049$1,066,990
59$1,458,576$242,250$65,561$1,115,540
60$1,554,460$201,230$14,867$1,168,170
61$1,658,459$156,534$0$1,225,312
62$1,771,347$107,929$0$1,292,468
63$1,893,977$55,170$0$1,367,504
64$2,027,287$0$0$1,449,122
65$2,172,308$0$0$1,538,502
66$2,330,176$0$0$1,651,031
67$2,502,139$0$0$1,773,639
68$2,689,573$0$0$1,907,311
69$2,893,990$0$0$2,053,129
70$3,117,055$0$0$2,212,286
71$3,360,601$0$0$2,386,093
72$3,626,645$0$0$2,575,996
73$3,917,408$0$0$2,783,584
74$4,235,336$0$0$3,010,608
75$4,583,121$0$0$3,258,996
76$4,963,726$0$0$3,530,871
77$5,380,417$0$0$3,828,571
78$5,836,788$0$0$4,154,668
79$6,336,797$0$0$4,511,999
80$6,884,803$0$0$4,903,684
81$7,485,609$0$0$5,333,162
82$8,144,500$0$0$5,804,219
83$8,867,303$0$0$6,321,028
84$9,660,432$0$0$6,888,181
85$10,530,952$0$0$7,510,740
86$11,486,648$0$0$8,194,279
87$12,536,094$0$0$8,944,938
88$13,688,734$0$0$9,769,482
89$14,954,973$0$0$10,675,363
90$16,346,273$0$0$11,670,789
91$17,875,261$0$0$12,764,805
92$19,555,848$0$0$13,967,373
93$21,403,361$0$0$15,289,471
94$23,434,683$0$0$16,743,192
95$25,668,419$0$0$18,341,860
96$28,125,062$0$0$20,100,154
97$30,827,194$0$0$22,034,248
98$33,799,696$0$0$24,161,962
99$37,069,978$0$0$26,502,929
100$40,668,245$0$0$29,078,783