Can I retire at age 42 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$46,244$45,832$45,430$45,038$44,655$43,417
2 years$22,893$22,467$22,054$21,653$21,264$20,026
3 years$15,111$14,682$14,270$13,873$13,491$12,292
4 years$11,220$10,793$10,385$9,995$9,622$8,471
5 years$8,886$8,462$8,059$7,677$7,314$6,214
6 years$7,331$6,910$6,513$6,139$5,788$4,740
7 years$6,220$5,803$5,412$5,048$4,707$3,711
8 years$5,388$4,974$4,590$4,234$3,905$2,961
9 years$4,741$4,331$3,953$3,607$3,288$2,395
10 years$4,223$3,817$3,447$3,109$2,802$1,958
11 years$3,800$3,398$3,034$2,706$2,410$1,614
12 years$3,448$3,050$2,693$2,373$2,088$1,339
13 years$3,150$2,757$2,406$2,095$1,821$1,117
14 years$2,895$2,506$2,162$1,860$1,596$936
15 years$2,674$2,289$1,952$1,659$1,405$787
16 years$2,481$2,100$1,770$1,485$1,242$663
17 years$2,311$1,934$1,610$1,334$1,101$561
18 years$2,160$1,787$1,470$1,203$979$475
19 years$2,025$1,656$1,346$1,087$873$403
20 years$1,903$1,539$1,235$984$780$342
21 years$1,794$1,434$1,136$893$698$291
22 years$1,694$1,338$1,047$812$625$248
23 years$1,603$1,252$967$740$561$211
24 years$1,520$1,173$894$675$505$180
25 years$1,444$1,101$828$616$454$153
26 years$1,373$1,034$768$563$409$131
27 years$1,308$973$713$516$369$112
28 years$1,248$917$663$472$333$96
29 years$1,192$865$617$433$300$82
30 years$1,140$817$575$398$271$70
31 years$1,091$773$536$365$245$60
32 years$1,046$731$500$336$222$51
33 years$1,003$692$467$309$201$44
34 years$963$656$436$284$182$37
35 years$925$622$408$261$165$32
36 years$889$591$381$241$149$27
37 years$856$561$357$222$135$23
38 years$824$533$334$204$123$20
39 years$794$507$313$188$111$17
40 years$766$482$294$174$101$15
41 years$739$459$275$160$92$13
42 years$713$437$258$148$83$11
43 years$689$417$242$137$75$9
44 years$665$397$227$126$68$8
45 years$643$379$214$117$62$7
46 years$622$361$201$108$56$6
47 years$602$345$188$99$51$5
48 years$583$329$177$92$47$4
49 years$564$314$166$85$42$4
50 years$547$300$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $560,000, adding $5,903 every year, while hoping to spend $22,755 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: 33/42/25 Blend
41$560,000$560,000$560,000$560,000
42$623,209$593,529$584,849$638,862
43$662,565$598,401$580,230$656,025
44$705,173$602,749$574,694$672,052
45$751,340$606,523$568,186$688,872
46$801,405$609,670$560,648$706,569
47$855,739$612,135$552,021$725,237
48$914,752$613,858$542,241$744,984
49$978,894$614,774$531,244$765,928
50$1,048,660$614,816$518,959$788,201
51$1,124,594$613,913$505,315$811,951
52$1,207,296$611,988$490,236$837,344
53$1,297,426$608,961$473,644$864,563
54$1,395,708$604,745$455,457$893,813
55$1,502,943$599,251$435,587$925,323
56$1,620,010$592,380$413,946$959,345
57$1,747,875$584,031$390,437$996,164
58$1,887,606$574,096$364,964$1,036,094
59$2,040,375$562,460$337,424$1,079,483
60$2,207,473$549,001$307,708$1,126,721
61$2,390,324$533,590$275,704$1,178,239
62$2,590,492$516,091$241,296$1,234,515
63$2,809,703$496,360$204,360$1,296,083
64$3,049,855$474,244$164,768$1,363,532
65$3,313,040$449,582$122,388$1,437,518
66$3,601,561$422,202$77,078$1,518,766
67$3,917,954$391,925$28,695$1,608,083
68$4,265,015$358,558$0$1,706,360
69$4,645,819$321,900$0$1,820,706
70$5,063,758$281,738$0$1,954,665
71$5,522,564$237,847$0$2,101,831
72$6,026,351$189,986$0$2,263,596
73$6,579,649$137,907$0$2,441,497
74$7,187,451$81,341$0$2,637,229
75$7,855,253$20,009$0$2,852,670
76$8,589,113$0$0$3,089,891
77$9,395,705$0$0$3,372,618
78$10,282,381$0$0$3,693,673
79$11,257,239$0$0$4,046,753
80$12,329,203$0$0$4,435,102
81$13,508,105$0$0$4,862,292
82$14,804,777$0$0$5,332,263
83$16,231,153$0$0$5,849,352
84$17,800,382$0$0$6,418,340
85$19,526,953$0$0$7,044,494
86$21,426,828$0$0$7,733,617
87$23,517,596$0$0$8,492,104
88$25,818,638$0$0$9,327,002
89$28,351,307$0$0$10,246,072
90$31,139,131$0$0$11,257,872
91$34,208,038$0$0$12,371,825
92$37,586,593$0$0$13,598,320
93$41,306,276$0$0$14,948,802
94$45,401,770$0$0$16,435,881
95$49,911,295$0$0$18,073,455
96$54,876,966$0$0$19,876,836
97$60,345,190$0$0$21,862,899
98$66,367,101$0$0$24,050,237
99$72,999,049$0$0$26,459,339
100$80,303,124$0$0$29,112,783