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%13.1%
1 years$46,244$45,832$45,430$45,038$44,655$44,079
2 years$22,893$22,467$22,054$21,653$21,264$20,685
3 years$15,111$14,682$14,270$13,873$13,491$12,926
4 years$11,220$10,793$10,385$9,995$9,622$9,076
5 years$8,886$8,462$8,059$7,677$7,314$6,789
6 years$7,331$6,910$6,513$6,139$5,788$5,283
7 years$6,220$5,803$5,412$5,048$4,707$4,223
8 years$5,388$4,974$4,590$4,234$3,905$3,443
9 years$4,741$4,331$3,953$3,607$3,288$2,847
10 years$4,223$3,817$3,447$3,109$2,802$2,381
11 years$3,800$3,398$3,034$2,706$2,410$2,010
12 years$3,448$3,050$2,693$2,373$2,088$1,708
13 years$3,150$2,757$2,406$2,095$1,821$1,460
14 years$2,895$2,506$2,162$1,860$1,596$1,254
15 years$2,674$2,289$1,952$1,659$1,405$1,082
16 years$2,481$2,100$1,770$1,485$1,242$936
17 years$2,311$1,934$1,610$1,334$1,101$812
18 years$2,160$1,787$1,470$1,203$979$707
19 years$2,025$1,656$1,346$1,087$873$616
20 years$1,903$1,539$1,235$984$780$538
21 years$1,794$1,434$1,136$893$698$471
22 years$1,694$1,338$1,047$812$625$412
23 years$1,603$1,252$967$740$561$362
24 years$1,520$1,173$894$675$505$317
25 years$1,444$1,101$828$616$454$279
26 years$1,373$1,034$768$563$409$245
27 years$1,308$973$713$516$369$216
28 years$1,248$917$663$472$333$190
29 years$1,192$865$617$433$300$167
30 years$1,140$817$575$398$271$147
31 years$1,091$773$536$365$245$130
32 years$1,046$731$500$336$222$115
33 years$1,003$692$467$309$201$101
34 years$963$656$436$284$182$89
35 years$925$622$408$261$165$79
36 years$889$591$381$241$149$70
37 years$856$561$357$222$135$61
38 years$824$533$334$204$123$54
39 years$794$507$313$188$111$48
40 years$766$482$294$174$101$42
41 years$739$459$275$160$92$37
42 years$713$437$258$148$83$33
43 years$689$417$242$137$75$29
44 years$665$397$227$126$68$26
45 years$643$379$214$117$62$23
46 years$622$361$201$108$56$20
47 years$602$345$188$99$51$18
48 years$583$329$177$92$47$16
49 years$564$314$166$85$42$14
50 years$547$300$156$78$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $560,000, adding $6,979 every year, while hoping to spend $41,422 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: 52/23/25 Blend
41$560,000$560,000$560,000$560,000
42$624,319$594,639$585,959$652,102
43$643,927$579,703$561,516$657,146
44$664,146$562,648$534,866$657,833
45$684,996$543,325$505,891$657,736
46$706,496$521,577$474,468$656,798
47$728,664$497,241$440,469$654,956
48$751,523$470,140$403,759$652,145
49$775,091$440,091$364,198$648,297
50$799,392$406,896$321,640$643,339
51$824,446$370,350$275,931$637,194
52$850,277$330,235$226,912$629,782
53$876,907$286,318$174,415$621,015
54$904,360$238,356$118,267$610,806
55$932,660$186,091$58,285$599,057
56$961,833$129,252$0$585,670
57$991,904$67,549$0$572,065
58$1,022,900$680$0$573,295
59$1,054,846$0$0$573,733
60$1,087,770$0$0$591,454
61$1,121,700$0$0$609,894
62$1,156,665$0$0$628,894
63$1,192,694$0$0$648,472
64$1,229,816$0$0$668,642
65$1,268,062$0$0$689,422
66$1,307,463$0$0$710,827
67$1,348,049$0$0$732,875
68$1,389,853$0$0$755,582
69$1,432,906$0$0$778,966
70$1,477,241$0$0$803,044
71$1,522,891$0$0$827,834
72$1,569,888$0$0$853,353
73$1,618,267$0$0$879,619
74$1,668,061$0$0$906,650
75$1,719,302$0$0$934,463
76$1,772,025$0$0$963,076
77$1,826,262$0$0$992,506
78$1,882,046$0$0$1,022,771
79$1,939,409$0$0$1,053,888
80$1,998,384$0$0$1,085,872
81$2,059,000$0$0$1,118,740
82$2,121,287$0$0$1,152,508
83$2,185,275$0$0$1,187,188
84$2,250,989$0$0$1,222,796
85$2,318,455$0$0$1,259,342
86$2,387,695$0$0$1,296,839
87$2,458,729$0$0$1,335,295
88$2,531,575$0$0$1,374,718
89$2,606,245$0$0$1,415,114
90$2,682,751$0$0$1,456,486
91$2,761,096$0$0$1,498,835
92$2,841,280$0$0$1,542,157
93$2,923,297$0$0$1,586,447
94$3,007,135$0$0$1,631,695
95$3,092,773$0$0$1,677,886
96$3,180,181$0$0$1,725,001
97$3,269,321$0$0$1,773,014
98$3,360,143$0$0$1,821,895
99$3,452,586$0$0$1,871,605
100$3,546,574$0$0$1,922,098