Can I retire at age 42 with 520,000?

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 $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%19.9%
1 years$42,941$42,559$42,185$41,821$41,466$39,820
2 years$21,258$20,862$20,478$20,106$19,745$18,108
3 years$14,031$13,634$13,251$12,882$12,527$10,950
4 years$10,419$10,022$9,643$9,281$8,935$7,429
5 years$8,251$7,857$7,484$7,129$6,792$5,362
6 years$6,807$6,416$6,048$5,701$5,374$4,020
7 years$5,776$5,388$5,026$4,687$4,371$3,093
8 years$5,003$4,619$4,262$3,932$3,626$2,422
9 years$4,402$4,021$3,671$3,349$3,054$1,923
10 years$3,922$3,545$3,201$2,887$2,602$1,542
11 years$3,529$3,156$2,818$2,512$2,238$1,246
12 years$3,202$2,832$2,501$2,204$1,939$1,012
13 years$2,925$2,560$2,234$1,946$1,691$827
14 years$2,688$2,327$2,007$1,727$1,482$678
15 years$2,483$2,125$1,812$1,540$1,305$557
16 years$2,304$1,950$1,643$1,379$1,153$460
17 years$2,146$1,796$1,495$1,239$1,023$380
18 years$2,005$1,660$1,365$1,117$909$314
19 years$1,880$1,538$1,250$1,009$811$260
20 years$1,767$1,429$1,147$914$724$216
21 years$1,665$1,331$1,055$829$648$179
22 years$1,573$1,243$972$754$581$149
23 years$1,489$1,162$898$687$521$124
24 years$1,412$1,089$830$626$469$103
25 years$1,341$1,022$769$572$422$86
26 years$1,275$960$713$523$380$71
27 years$1,215$904$662$479$342$59
28 years$1,159$852$616$439$309$50
29 years$1,107$804$573$402$279$41
30 years$1,058$759$534$369$252$34
31 years$1,013$717$497$339$228$29
32 years$971$679$464$312$206$24
33 years$931$643$433$287$187$20
34 years$894$609$405$264$169$17
35 years$859$578$379$243$153$14
36 years$826$548$354$224$139$12
37 years$795$521$331$206$126$10
38 years$765$495$310$190$114$8
39 years$737$471$291$175$103$7
40 years$711$448$273$161$94$6
41 years$686$426$256$149$85$5
42 years$662$406$240$137$77$4
43 years$639$387$225$127$70$3
44 years$618$369$211$117$64$3
45 years$597$352$198$108$58$2
46 years$578$335$186$100$52$2
47 years$559$320$175$92$48$2
48 years$541$306$164$85$43$1
49 years$524$292$155$79$39$1
50 years$508$279$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $520,000, adding $6,304 every year, while hoping to spend $37,782 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: 48/28/24 Blend
41$520,000$520,000$520,000$520,000
42$579,543$551,983$543,923$603,138
43$598,456$538,830$521,944$607,130
44$618,033$523,767$497,963$607,203
45$638,300$506,659$471,873$606,519
46$659,287$487,366$443,561$605,026
47$681,025$465,737$412,911$602,668
48$703,546$441,616$379,801$599,385
49$726,887$414,833$344,102$595,114
50$751,082$385,213$305,683$589,791
51$776,172$352,568$264,403$583,347
52$802,199$316,701$220,118$575,709
53$829,206$277,402$172,675$566,802
54$857,241$234,451$121,915$556,548
55$886,355$187,615$67,675$544,863
56$916,601$136,646$9,780$531,661
57$948,037$81,284$0$516,851
58$980,725$21,255$0$513,656
59$1,014,730$0$0$512,198
60$1,050,124$0$0$523,392
61$1,086,983$0$0$541,878
62$1,125,389$0$0$561,151
63$1,165,429$0$0$581,255
64$1,207,199$0$0$602,241
65$1,250,800$0$0$624,160
66$1,296,344$0$0$647,071
67$1,343,948$0$0$671,034
68$1,393,743$0$0$696,118
69$1,445,867$0$0$722,395
70$1,500,472$0$0$749,943
71$1,557,721$0$0$778,847
72$1,617,792$0$0$809,200
73$1,680,877$0$0$841,104
74$1,747,186$0$0$874,666
75$1,816,947$0$0$910,007
76$1,890,407$0$0$947,255
77$1,967,836$0$0$986,552
78$2,049,528$0$0$1,028,052
79$2,135,803$0$0$1,071,922
80$2,227,011$0$0$1,118,345
81$2,323,532$0$0$1,167,522
82$2,425,784$0$0$1,219,671
83$2,534,221$0$0$1,275,031
84$2,649,341$0$0$1,333,862
85$2,771,686$0$0$1,396,450
86$2,901,852$0$0$1,463,109
87$3,040,490$0$0$1,534,179
88$3,188,312$0$0$1,610,036
89$3,346,100$0$0$1,691,091
90$3,514,708$0$0$1,777,794
91$3,695,075$0$0$1,870,638
92$3,888,227$0$0$1,970,165
93$4,095,293$0$0$2,076,969
94$4,317,510$0$0$2,191,700
95$4,556,234$0$0$2,315,075
96$4,812,956$0$0$2,447,878
97$5,089,311$0$0$2,590,972
98$5,387,095$0$0$2,745,305
99$5,708,282$0$0$2,911,916
100$6,055,038$0$0$3,091,948