Can I retire at age 42 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$47,896$47,469$47,053$46,647$46,250$45,465
2 years$23,711$23,269$22,841$22,426$22,024$21,235
3 years$15,650$15,207$14,780$14,369$13,973$13,206
4 years$11,621$11,179$10,756$10,352$9,966$9,225
5 years$9,204$8,764$8,347$7,951$7,576$6,865
6 years$7,593$7,157$6,746$6,359$5,994$5,313
7 years$6,443$6,010$5,606$5,228$4,875$4,224
8 years$5,580$5,152$4,754$4,385$4,044$3,423
9 years$4,910$4,486$4,095$3,735$3,406$2,814
10 years$4,374$3,954$3,570$3,220$2,902$2,340
11 years$3,936$3,520$3,143$2,802$2,496$1,962
12 years$3,571$3,159$2,789$2,458$2,163$1,657
13 years$3,263$2,855$2,492$2,170$1,886$1,407
14 years$2,998$2,595$2,239$1,926$1,653$1,201
15 years$2,770$2,371$2,022$1,718$1,456$1,029
16 years$2,570$2,175$1,833$1,538$1,287$884
17 years$2,393$2,003$1,668$1,382$1,141$762
18 years$2,237$1,851$1,522$1,246$1,014$658
19 years$2,097$1,715$1,394$1,125$904$569
20 years$1,971$1,594$1,279$1,019$808$494
21 years$1,858$1,485$1,177$925$723$429
22 years$1,754$1,386$1,084$841$648$373
23 years$1,660$1,296$1,001$766$581$324
24 years$1,574$1,215$926$699$523$282
25 years$1,495$1,140$858$638$470$246
26 years$1,422$1,071$795$583$424$215
27 years$1,355$1,008$739$534$382$187
28 years$1,293$950$687$489$345$164
29 years$1,235$896$639$449$311$143
30 years$1,181$846$595$412$281$125
31 years$1,130$800$555$378$254$109
32 years$1,083$757$518$348$230$96
33 years$1,039$717$483$320$208$84
34 years$997$680$452$294$188$73
35 years$958$645$422$271$171$64
36 years$921$612$395$249$155$56
37 years$886$581$370$230$140$49
38 years$854$552$346$212$127$43
39 years$822$525$324$195$115$38
40 years$793$500$304$180$104$33
41 years$765$476$285$166$95$29
42 years$738$453$267$153$86$25
43 years$713$431$251$142$78$22
44 years$689$411$236$131$71$19
45 years$666$392$221$121$64$17
46 years$644$374$208$111$58$15
47 years$624$357$195$103$53$13
48 years$604$341$183$95$48$11
49 years$585$326$172$88$44$10
50 years$566$311$162$81$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $580,000, adding $5,225 every year, while hoping to spend $41,842 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: 69/15/16 Blend
41$580,000$580,000$580,000$580,000
42$644,550$613,810$604,820$686,251
43$665,774$599,367$580,561$700,252
44$687,761$582,814$554,088$710,105
45$710,544$564,003$525,282$719,826
46$734,159$542,779$494,018$729,397
47$758,644$518,975$460,168$738,799
48$784,038$492,418$423,596$748,014
49$810,385$462,921$384,162$757,022
50$837,730$430,290$341,717$765,802
51$866,122$394,318$296,109$774,333
52$895,613$354,786$247,174$782,595
53$926,258$311,463$194,747$790,564
54$958,117$264,105$138,651$798,220
55$991,252$212,453$78,704$805,539
56$1,025,733$156,236$14,713$812,499
57$1,061,631$95,166$0$819,078
58$1,099,027$28,939$0$834,400
59$1,138,004$0$0$852,570
60$1,178,653$0$0$878,151
61$1,221,073$0$0$909,836
62$1,265,368$0$0$942,930
63$1,311,654$0$0$977,519
64$1,360,053$0$0$1,013,696
65$1,410,699$0$0$1,051,562
66$1,463,737$0$0$1,091,226
67$1,519,322$0$0$1,132,806
68$1,577,625$0$0$1,176,431
69$1,638,830$0$0$1,222,241
70$1,703,137$0$0$1,270,386
71$1,770,764$0$0$1,321,031
72$1,841,946$0$0$1,374,356
73$1,916,942$0$0$1,430,555
74$1,996,031$0$0$1,489,841
75$2,079,520$0$0$1,552,445
76$2,167,741$0$0$1,618,620
77$2,261,058$0$0$1,688,642
78$2,359,868$0$0$1,762,810
79$2,464,605$0$0$1,841,455
80$2,575,741$0$0$1,924,935
81$2,693,796$0$0$2,013,642
82$2,819,335$0$0$2,108,008
83$2,952,978$0$0$2,208,501
84$3,095,404$0$0$2,315,637
85$3,247,356$0$0$2,429,980
86$3,409,648$0$0$2,552,147
87$3,583,173$0$0$2,682,817
88$3,768,907$0$0$2,822,730
89$3,967,925$0$0$2,972,702
90$4,181,402$0$0$3,133,626
91$4,410,629$0$0$3,306,483
92$4,657,023$0$0$3,492,347
93$4,922,139$0$0$3,692,400
94$5,207,685$0$0$3,907,939
95$5,515,537$0$0$4,140,389
96$5,847,755$0$0$4,391,315
97$6,206,602$0$0$4,662,437
98$6,594,567$0$0$4,955,644
99$7,014,383$0$0$5,273,014
100$7,469,057$0$0$5,616,830