Can I retire at age 42 with 570,000?

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 $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%16.1%
1 years$47,070$46,651$46,242$45,842$45,453$44,318
2 years$23,302$22,868$22,447$22,040$21,644$20,508
3 years$15,380$14,945$14,525$14,121$13,732$12,630
4 years$11,420$10,986$10,570$10,173$9,794$8,735
5 years$9,045$8,613$8,203$7,814$7,445$6,431
6 years$7,462$7,033$6,629$6,249$5,891$4,924
7 years$6,331$5,906$5,509$5,138$4,791$3,871
8 years$5,484$5,063$4,672$4,310$3,975$3,101
9 years$4,825$4,408$4,024$3,671$3,347$2,519
10 years$4,299$3,886$3,508$3,164$2,852$2,068
11 years$3,868$3,459$3,089$2,754$2,453$1,713
12 years$3,510$3,105$2,741$2,416$2,126$1,428
13 years$3,206$2,806$2,449$2,133$1,853$1,197
14 years$2,947$2,550$2,200$1,893$1,625$1,007
15 years$2,722$2,330$1,987$1,688$1,431$851
16 years$2,525$2,138$1,801$1,512$1,264$721
17 years$2,352$1,969$1,639$1,358$1,121$612
18 years$2,198$1,819$1,496$1,224$997$521
19 years$2,061$1,686$1,370$1,106$888$444
20 years$1,937$1,567$1,257$1,002$794$380
21 years$1,826$1,459$1,156$909$710$325
22 years$1,724$1,362$1,066$827$637$278
23 years$1,632$1,274$984$753$571$238
24 years$1,547$1,194$910$687$514$204
25 years$1,470$1,120$843$627$462$175
26 years$1,398$1,053$782$573$416$150
27 years$1,332$991$726$525$375$129
28 years$1,270$934$675$481$339$111
29 years$1,213$881$628$441$306$95
30 years$1,160$832$585$405$276$82
31 years$1,111$786$545$372$250$70
32 years$1,064$744$509$342$226$61
33 years$1,021$705$475$314$205$52
34 years$980$668$444$289$185$45
35 years$942$633$415$266$168$39
36 years$905$601$388$245$152$33
37 years$871$571$363$226$138$29
38 years$839$543$340$208$125$25
39 years$808$516$319$192$113$21
40 years$779$491$299$177$103$18
41 years$752$467$280$163$93$16
42 years$726$445$263$151$85$14
43 years$701$424$247$139$77$12
44 years$677$404$231$128$70$10
45 years$655$385$217$119$63$9
46 years$633$368$204$110$57$7
47 years$613$351$192$101$52$6
48 years$593$335$180$94$47$6
49 years$574$320$169$86$43$5
50 years$557$306$159$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $570,000, adding $4,581 every year, while hoping to spend $22,499 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: 79/12/9 Blend
41$570,000$570,000$570,000$570,000
42$632,865$602,655$593,820$681,634
43$673,479$608,247$589,775$719,883
44$717,481$613,358$584,839$758,442
45$765,193$617,942$578,961$800,079
46$816,970$621,948$572,083$845,092
47$873,200$625,323$564,147$893,805
48$934,312$628,009$555,092$946,581
49$1,000,778$629,947$544,852$1,003,814
50$1,073,114$631,071$533,362$1,065,943
51$1,151,891$631,314$520,549$1,133,447
52$1,237,738$630,602$506,341$1,206,859
53$1,331,344$628,858$490,661$1,286,761
54$1,433,469$626,000$473,426$1,373,799
55$1,544,951$621,942$454,554$1,468,681
56$1,666,710$616,591$433,955$1,572,190
57$1,799,759$609,849$411,538$1,685,188
58$1,945,216$601,613$387,205$1,808,624
59$2,104,308$591,772$360,857$1,943,544
60$2,278,389$580,211$332,388$2,091,103
61$2,468,949$566,806$301,687$2,252,572
62$2,677,628$551,426$268,640$2,429,352
63$2,906,234$533,932$233,126$2,622,987
64$3,156,754$514,180$195,021$2,835,180
65$3,431,382$492,013$154,193$3,067,807
66$3,732,529$467,269$110,505$3,322,935
67$4,062,855$439,773$63,814$3,602,844
68$4,425,287$409,342$13,973$3,910,045
69$4,823,049$375,783$0$4,247,307
70$5,259,695$338,890$0$4,621,449
71$5,739,135$298,448$0$5,033,743
72$6,265,682$254,227$0$5,486,571
73$6,844,083$205,986$0$5,984,037
74$7,479,569$153,468$0$6,530,660
75$8,177,902$96,405$0$7,131,425
76$8,945,431$34,512$0$7,791,822
77$9,789,150$0$0$8,517,902
78$10,716,763$0$0$9,320,626
79$11,736,759$0$0$10,208,326
80$12,858,493$0$0$11,184,586
81$14,092,268$0$0$12,258,379
82$15,449,437$0$0$13,439,586
83$16,942,510$0$0$14,739,098
84$18,585,269$0$0$16,168,914
85$20,392,900$0$0$17,742,254
86$22,382,136$0$0$19,473,683
87$24,571,412$0$0$21,379,253
88$26,981,042$0$0$23,476,647
89$29,633,411$0$0$25,785,352
90$32,553,180$0$0$28,326,838
91$35,767,527$0$0$31,124,765
92$39,306,395$0$0$34,205,200
93$43,202,781$0$0$37,596,870
94$47,493,044$0$0$41,331,427
95$52,217,246$0$0$45,443,748
96$57,419,533$0$0$49,972,266
97$63,148,552$0$0$54,959,330
98$69,457,907$0$0$60,451,607
99$76,406,663$0$0$66,500,518
100$84,059,911$0$0$73,162,728