Can I retire at age 42 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$47,070$46,651$46,242$45,842$45,453$44,810
2 years$23,302$22,868$22,447$22,040$21,644$20,998
3 years$15,380$14,945$14,525$14,121$13,732$13,103
4 years$11,420$10,986$10,570$10,173$9,794$9,186
5 years$9,045$8,613$8,203$7,814$7,445$6,860
6 years$7,462$7,033$6,629$6,249$5,891$5,330
7 years$6,331$5,906$5,509$5,138$4,791$4,254
8 years$5,484$5,063$4,672$4,310$3,975$3,462
9 years$4,825$4,408$4,024$3,671$3,347$2,858
10 years$4,299$3,886$3,508$3,164$2,852$2,386
11 years$3,868$3,459$3,089$2,754$2,453$2,010
12 years$3,510$3,105$2,741$2,416$2,126$1,705
13 years$3,206$2,806$2,449$2,133$1,853$1,455
14 years$2,947$2,550$2,200$1,893$1,625$1,247
15 years$2,722$2,330$1,987$1,688$1,431$1,073
16 years$2,525$2,138$1,801$1,512$1,264$927
17 years$2,352$1,969$1,639$1,358$1,121$803
18 years$2,198$1,819$1,496$1,224$997$697
19 years$2,061$1,686$1,370$1,106$888$606
20 years$1,937$1,567$1,257$1,002$794$528
21 years$1,826$1,459$1,156$909$710$461
22 years$1,724$1,362$1,066$827$637$403
23 years$1,632$1,274$984$753$571$352
24 years$1,547$1,194$910$687$514$309
25 years$1,470$1,120$843$627$462$271
26 years$1,398$1,053$782$573$416$237
27 years$1,332$991$726$525$375$208
28 years$1,270$934$675$481$339$183
29 years$1,213$881$628$441$306$161
30 years$1,160$832$585$405$276$141
31 years$1,111$786$545$372$250$124
32 years$1,064$744$509$342$226$109
33 years$1,021$705$475$314$205$96
34 years$980$668$444$289$185$85
35 years$942$633$415$266$168$75
36 years$905$601$388$245$152$66
37 years$871$571$363$226$138$58
38 years$839$543$340$208$125$51
39 years$808$516$319$192$113$45
40 years$779$491$299$177$103$40
41 years$752$467$280$163$93$35
42 years$726$445$263$151$85$31
43 years$701$424$247$139$77$27
44 years$677$404$231$128$70$24
45 years$655$385$217$119$63$21
46 years$633$368$204$110$57$19
47 years$613$351$192$101$52$16
48 years$593$335$180$94$47$14
49 years$574$320$169$86$43$13
50 years$557$306$159$80$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $570,000, adding $2,775 every year, while hoping to spend $30,356 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: 71/5/24 Blend
41$570,000$570,000$570,000$570,000
42$631,002$600,792$591,957$671,812
43$663,066$597,933$579,489$696,572
44$697,383$593,915$565,586$719,847
45$734,151$588,652$550,168$744,602
46$773,586$582,048$533,151$770,979
47$815,927$574,004$514,447$799,139
48$861,436$564,414$493,965$829,258
49$910,398$553,166$471,608$861,530
50$963,128$540,141$447,277$896,171
51$1,019,973$525,214$420,867$933,419
52$1,081,313$508,251$392,268$973,537
53$1,147,564$489,113$361,366$1,016,816
54$1,219,185$467,649$328,042$1,063,577
55$1,296,681$443,703$292,170$1,114,176
56$1,380,605$417,107$253,620$1,169,006
57$1,471,567$387,685$212,256$1,228,499
58$1,570,236$355,251$167,936$1,293,136
59$1,677,349$319,608$120,512$1,363,445
60$1,793,717$280,547$69,827$1,440,012
61$1,920,231$237,848$15,721$1,523,481
62$2,057,871$191,279$0$1,614,567
63$2,207,716$140,594$0$1,724,818
64$2,370,954$85,534$0$1,849,338
65$2,548,890$25,824$0$1,985,105
66$2,742,963$0$0$2,133,229
67$2,954,756$0$0$2,297,067
68$3,186,009$0$0$2,477,538
69$3,438,641$0$0$2,674,722
70$3,714,763$0$0$2,890,269
71$4,016,699$0$0$3,125,999
72$4,347,008$0$0$3,383,911
73$4,708,507$0$0$3,666,211
74$5,104,300$0$0$3,975,326
75$5,537,802$0$0$4,313,928
76$6,012,777$0$0$4,684,961
77$6,533,368$0$0$5,091,666
78$7,104,139$0$0$5,537,613
79$7,730,116$0$0$6,026,734
80$8,416,836$0$0$6,563,361
81$9,170,395$0$0$7,152,264
82$9,997,512$0$0$7,798,697
83$10,905,584$0$0$8,508,449
84$11,902,762$0$0$9,287,895
85$12,998,023$0$0$10,144,060
86$14,201,258$0$0$11,084,681
87$15,523,363$0$0$12,118,282
88$16,976,339$0$0$13,254,254
89$18,573,412$0$0$14,502,941
90$20,329,149$0$0$15,875,743
91$22,259,600$0$0$17,385,216
92$24,382,449$0$0$19,045,194
93$26,717,178$0$0$20,870,921
94$29,285,253$0$0$22,879,190
95$32,110,323$0$0$25,088,505
96$35,218,447$0$0$27,519,253
97$38,638,335$0$0$30,193,896
98$42,401,621$0$0$33,137,185
99$46,543,160$0$0$36,376,390
100$51,101,359$0$0$39,941,558